Dubai Sports City Records AED 4.7bln In Property Sales Over The Last Year
Dubai Sports City has recorded AED 4.7 billion in real estate transactions over the past 12 months, reaffirming its position as one of Dubai’s rising residential communities. The transaction data highlights a strong resurgence in buyer confidence, driven by a combination of strategic location, infrastructure growth, and long-term investment potential. In April 2025 alone, the community registered over AED 30 million in off-plan sales, highlighting the current interest from both investors and end users. With new residential developments underway, and average gross rental yields reaching 8.2% in Q1 2025, Dubai Sports City is increasingly viewed as a compelling alternative to more
Dubai Holding Asset Management officially opens Nad Al Sheba Mall — Dubai’s newest lifestyle destination
Dubai Holding Asset Management — owner and operator of one of Dubai’s most extensive retail portfolios featuring 10 malls, 15 lifestyle destinations, and 18 retail centres — has officially announced the opening of Nad Al Sheba Mall, introducing a vibrant new lifestyle hub in the heart of Nad Al Sheba. Designed as a mixed-use lifestyle destination, the 500,000 sq. ft mall is set to house a selection of over 100 stores spanning fitness, retail, entertainment, F&B, healthcare, and supermarkets. Among the first major brands to open are Home Bakery, Joud Coffee, PDL Café, Parka, Homer Lobster, % Arabica, Fun City, Spinneys,
Dubai Real Estate Residential Sales Up 22.4%, Commercial Deals Rise 18.2% In Q1 2025, Reports Engel & Völkers Middle East
Engel &Völkers Middle East, a leader in premium residential and commercial real estate services, has released its Q1 2025 market reports, confirming another standout quarter for Dubai’s real estate sector. Residential property sales increased by 22.4% year-on-year, with a 29.6% increase in the total value sold, driven by strong investor sentiment, rising population figures, and a steady flow of global capital into the emirate. Commercial real estate sales increased by18.2% YO, with a 29.5% increase in the total value of transactions. Despite the usual seasonal dip from Q4, Dubai’s residential market delivered broad-based growth. Off-plan sales were up 23.9% and secondary
A Home You Apply For: New Residential Project Elemental 22 Sets A New Standard For Urban Living
Elemental Developments, the new venture from Hazza Zaal, CEO of Al Barari, announces the limited public release of Elemental 22 — a visionary residential concept that brings the essence of meaningful living to the heart of the city. In a city known for fast-paced transactions, Elemental 22 takes a more thoughtful path — one that values intention over impulse. Here, prospective residents apply to live, ensuring every home is part of a values-driven community grounded in connection, wellness, and elevated living. Every applicant is thoughtfully reviewed — not just for ownership, but for alignment with a lifestyle centered on intention, nature, and
Azizi Developments Unveils Azizi Milan, The New Fashion Capital Of The Middle East
Azizi Developments, a leading private developer in the UAE, has unveiled Azizi Milan, a landmark master-planned community, guided by the principles of sustainability, nature, and the cultured refinement of Italian fashion, that is set to bring the timeless Milanese charm to Dubai. The launch event, which will welcome over 10,000 guests, is hosted on April 23rd, 2025, in Dubai’s renowned Coca-Cola Arena, featuring headlining performances by Tamer Hosny, Nora Fatehi and Sunidhi Chauhan. Azizi Milan, at a total value exceeding AED 75 billion, is slated to cover 40,000,000 sq. ft. in GFA, making it one of the largest mixed-use communities in
Swank Development Unveils Its “Selora Residences” Project In Meydan
Swank Development, a leading European real estate developer, unveiled its highly anticipated residential project “Selora Residences” in Mohammed Bin Rashid City, Meydan. This luxurious project features an exclusive residential community consisting of 30 standalone villas between four to six bedrooms, with prices starting at 9.1M AED. Each unit is carefully designed to embody serenity, comfort, and sophistication. Spacious interiors, refined architectural details, and high-end finishing give every villa its own distinct character perfectly suited for a modern lifestyle. Swank Development is committed to enhancing the quality of life by developing projects that focus on sustainability through smart designs and solutions that contribute
Kleindienst Group Unveils AED 3bln Project At The Heart Of Europe
In a defining moment for experiential tourism in Dubai, Kleindienst Group has announced a landmark partnership with George V Eatertainment to bring Buddha-Bar Hotel and Buddha-Bar Beach to The Heart of Europe on The World Islands. Valued at approximately AED three billion, this visionary development is poised to set new global standards for lifestyle hospitality – anchored in innovation, sustainability and immersive guest experiences. The announcement will be officially unveiled by Kleindienst Group at the upcoming Arabian Travel Market (ATM) 2025, taking place from 28th April to 1st May at the Dubai World Trade Centre, where the group will be showcasing The Heart of Europe
Eywa, A Building That Goes Beyond Sustainability – Creating A Conscious Living Landmark For A Healthier Planet
Championing sustainability with its thoughtfully designed buildings, R.Evolution is marking World Earth Day in style by celebrating some recent achievements with its upcoming luxury residence, Eywa. This unique property stands out for its deep-rooted respect for the planet and is more than a showcase of sustainable design, reflecting a shift in how the community thinks, lives, and builds. The aim of the project was not only to minimise impact, but also to restore the environment and live in harmony with the people who inhabit it. Scheduled for completion next year, the development embodies a conscious approach to modern living through its
Moody’s Ratings Upgrades PNC Investments LLC (Sobha Realty)’s CFR to Ba2; Affirms Sukuk Rating at Ba2
PNC Investments LLC (PNCI), the parent company of global luxury real estate developer Sobha Realty, has received an upgrade in its Corporate Family Rating (CFR) from Moody’s Ratings, which raised the rating to Ba2/stable from Ba3/stable. Additionally, the senior unsecured rating of PNCI’s existing $500 million sukuk issued by Sobha Sukuk Limited has been affirmed at Ba2, all outlooks remain stable. This upgrade reflects PNCI’s continued strong sales, robust construction activity, and significant improvement in credit metrics. In 2024, revenue rose to AED 8.9 billion from AED 6.5 billion in the previous year. Moody’s-adjusted debt to EBITDA improved to 1.7x from 2.7x in 2024
Gulf House Real Estate Developer Launches To Redefine Iconic Living In Dubai
Gulf House Real Estate Developer is announcing its entry into Dubai’s dynamic luxury real estate market, unveiling a bold vision for crafting iconic living experiences that redefine elegance and sophistication. Gulf House Real Estate Developer will stand at the forefront of architectural innovation, creating properties that will push and elevate the current boundaries of luxury living in Dubai. With the iminent launch of its upcoming flagship project, Olaia Residences on Palm Jumeirah, Gulf House is set to transform the landscape of luxury living in one of the world’s most prestigious cities. Founded by Eng. Mohammed Mana Sultan Aballala, a seasoned businessman and investor, Gulf