Dubai’s Canal Front Anticipates 40% Surge In Property Values Amid Major Investments
Driven Properties proudly announces the completion of an AED 259 million acquisition of two prime buildings in the Canal Front district along the Jumeirah Water Canal. This strategic investment solidifies the company's standing as the largest property owner in the district, positioning it to capitalise on the area's rapid growth potential. This latest acquisition brings Driven Properties' total investment in the Canal district including existing and upcoming developments to over AED 9 billion. The company forecasts a significant surge in property values within the next 12 months, anticipating prices to escalate by over 40%. Current averages of AED 2,700 per square
UAE’s Commercial Property Sector Continues Leading Status While Sustainable Developments Gain Traction
The latest RICS Global Commercial Property Monitor found the UAE continuing to post some of the most elevated results across all nations covered in the monitor, with recent robust impetus showing little sign of easing. Overall occupier demand remained in firm growth territory, recording a +57% result (net aggregate sentiment), with offices leading the pack at +72%, while industrial and retail property recorded +53% and +47%, respectively. These figures demonstrate healthy demand levels that are firm throughout each development type, but especially among offices. All key figures demonstrate a continued trend of firm growth, whilst interest from international investors appears to have
One Za’abeel Achieves “Luxury Project Of The Year” At Construction Innovation Awards 2024
One Za’abeel, the iconic landmark developed by Ithra Dubai, proudly celebrates its achievement of“Luxury Project of the Year” at the prominent 2024 Construction Innovation Awards. The Construction Innovation Awards have been celebrating leaders in construction and the trailblazing projects they bring to life.One Za’abeel was previously awarded “Best Innovative Project of the Year” in 2019, while still under construction. Now nearing the first year since its opening, the iconic mixed-use development achieves the title of “Luxury Project of the Year”elevating the respected status of One Za’abeel as a flourishing Dubai landmark. The LEED Gold and WiredScore Platinum-certified landmark continues to shine as