July 2024

Refine, a pioneering real estate development and management company, is leading the charge when it comes to empowering investors and developers to enter the market with confidence. Founded on the game-changing, first-of-its-kind Development as a Service (Daas) concept, Refine offers investors the chance to harness generations of real-estate expertise and the power of Refine’s fully-fledged team and network, eliminating the need to build their own infrastructure. Spearheaded by Thomas Wan, a second-generation entrepreneur and Managing Partner at Refine, the company is redefining how investors and developers enter the market, and has already achieved a management portfolio in excess of AED 7

DAMAC Group, a leading conglomerate known for its diverse investment portfolio, has announced a significant increase in its investment in the rapidly evolving Artificial Intelligence (AI) sector. DAMAC Group announced notable investments in leading AI companies including a $50 million in the AI startup, Anthropic – as one of the top investors who have bought into the company from the cryptocurrency exchange, FTX. The Group has also made investments in xAI – an American AI startup founded by Elon Musk and in Mistral – a France-based AI company which is one of the best European large-language model open source. This strategic

DHG Properties, a leading real estate development company operating within DHG Holding, which has a distinguished legacy of over three decades, unveils insights regarding the burgeoning trends in the UAE real estate market. The firm states that price growth in Dubai’s residential market has continued to accelerate, with a notable increase from 20.3% in February 2024 to 20.7% in March 2024. Blagoje Antic, Founder and Director of DHG Holding, which encompasses DHG Properties among its approximately 30 subsidiaries, explains how these trends are driving the sector’s success and emphasizes that understanding these dynamics is crucial for navigating the competitive landscape. Property

Azizi Developments, a leading private developer, has signed an agreement with fellow UAE-based company, Fiorette, which specializes in high-end, luxury surfaces,for the supply of top-notch swimming pool tiles for its mixed-use Dubai South development, Azizi Venice,and the fourth phase of its mega-project, Riviera, located in the heart of MBR City. Renowned for its bespoke floor and wall solutions, Fiorette combines unparalleled craftsmanship with exquisite materials such as natural stone, marble, and porcelain. Catering to both residential and commercial projects, the company tailors each design and installation to meet the unique aesthetic and functional requirements of its clients. Expanding beyond borders, Fiorette

The number of homes available for sale in Dubai's prime residential markets – Emirates Hills, Jumeirah Bay Island, Jumeirah Islands and The Palm Jumeirah – has fallen by 47% over the last 12 months to 2,851 properties, according to the latest analysis from global property consultant, Knight Frank. Faisal Durrani, Partner – Head of Research, MENA, explained: "The global super-rich remain fixated by Dubai, which is overwhelming the supply of luxury homes in the city. Indeed, the volume of demand for property in Emirates Hills, Jumeirah Bay Island, Jumeirah Islands and The Palm Jumeirah has resulted in a 47% drop in the number of

In a significant move in the global tokenized real world asset sector, MAG, a leading real estate developer in the UAE, announced a major partnership today with MANTRA, the Institutional-grade Layer 1 blockchain for tokenized RWAs, which will see the tokenization of half a billion US dollars’ worth of MAG’s real estate portfolio. With MAG’s total real estate portfolio valued at over US$5bn, the collaboration with MANTRA aims to revolutionize real estate investment through the application of blockchain technology.Starting with Keturah projects – Keturah Reserve in Meydan, Dubai and Keturah Resort atDubai Creekside,the partnership will introduce a real estate financing vault on

Sunrise Capital – a visionary up and coming Dubai developer that has already made its mark on the emirate by completing a range of impressive projects – has successfully handed over all 132 units in its prestigious new Legacy By Sunrise. Located in Al Barsha South in the heart of Dubai's dynamic growth corridor, the spectacular new residential building is spread over 91,000 sq. ft and features 67 studios, 43 one-bedroom apartments, and 22 two-bedroom apartments. In recent years, Sunrise Capital has been making a name for itself in the industry for on time delivery, large apartments (usually 30-35% bigger than industry

SweetcHome, a personalized property matchmaking platform in the UAE, today announced it has completed the first-ever “home switch” in the UAE. SweetcHome is a proptech company that offers a simplified real estate search experience through AI matchmaking technology. Two customers, who were both still renting under their respective tenancy contracts, recently “matched” and switched homes through SweetcHome’s platform. It is the first time in the UAE that tenants who are unhappy with their current home or location are able to seamlessly switch homes with other tenants. SweetcHome customer, Imen, signed up on the platform in April, hoping to be matched with a

As the first half of 2024 comes to an end, the Dubai property sector remains upbeat with plenty of buyers entering the market, according to the emirate's leading real estate company haus & haus. As haus & haus prepares to release its eagerly anticipated Market Reports, here are some of the key takeaways from H1. Sales volumes continue to rise The H1 figures show a year-on-year volume growth of more than 30% according to Property Monitor. Internally, haus & haus has seen a 71% increase in registered buyers in the same period YoY. May was the best performing month According to Property Monitor's

'Vilal Housing', the leading organization specializing in the development of housing solutions for UAE citizens, praises the most recent announcement of the completion of all residential land allocation applications in Dubai submitted until the end of 2023. This significant achievement aligns with the vision of HH Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, and the directives of HH Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Chairman of the Executive Council, and Chairman of the Higher Committee for Development and Citizens Affairs. The company commended the wise