DAMAC Properties Officially Launches Iconic Branded ‘Chelsea Residences by DAMAC’ in Dubai Maritime City
DAMAC Properties has officially revealed Chelsea Residences by DAMAC, the iconic residential development born of its landmark global partnership with, Chelsea F.C. Located in Dubai Maritime City, Chelsea Residences stands on one of the last remaining waterfront corner plots offering unobstructed 270-degree views of the Arabian Gulf and the Dubai skyline. The development consists of six towers rising 130 metres high with over 1,400 meticulously designed apartments, each inspired by the serenity of the sea and the passion of Chelsea F.C. The launch in Dubai was held in Dubai and attended by Amira Sajwani, Managing Director of DAMAC and Todd Kline,
Hollywood Star Terry Crews Buys Luxury Residence at Binghatti Aquarise in Dubai
Binghatti Developers has welcomed another global icon to its International portfolio of buyers, as renowned Hollywood actor and television personality Terry Crews officially signed for an apartment at Binghatti Aquarise during the project’s grand launch in Dubai. The landmark signing took place live on stage at the Coca-Cola Arena, where Terry Crews was also the exclusive host of the event. The high-energy launch attracted over 12,000 attendees, including VIP investors, top brokers, and representatives from leading global firms. This signing joins Binghatti’s growing list of international celebrity homeowners, including Neymar Jr., Andrea Bocelli, and Aymeric Laporte, reaffirming the brand’s position as a leading force in luxury real estate with international
Dubailand Records AED 26.2 Billion In Off-Plan Real Estate Transactions Over The Last Year
Dubailand has recorded AED 26.2 billion with over 9,000 units sold in off-plan real estate transactions over the past 12 months, reaffirming its position as one of Dubai's most dynamic and sought-after residential destinations. The transaction data reflects strong and sustained demand, fueled by Dubailand's strategic connectivity, diverse community offerings, and long-term investment potential. Dubailand's central location, with direct access to Sheikh Mohammed Bin Zayed Road, provides residents with easy connectivity across central Dubai. The community is located just 25 minutes from Dubai International Airport and offers close proximity to major entertainment and leisure attractions such as IMG Worlds of Adventure,
The Luxe Developers’ Oceano Development Sold Out
The Luxe Developers, the UAE-based real estate development firm, has announced its flagship twin-tower development Oceano, situated on Al Marjan Island, has now sold out, underscoring the project’s global appeal and highlighting the demand for ultra-luxury real estate in Ras Al Khaimah. The announcement follows the historic AED180 million sale of The Celest and The Stellar, two ultra-luxury Sky Villa residences within the development. These residences are the most expensive to be sold in Ras Al Khaimah and are redefining the property landscape in the emirate. Collectively, these exclusive Sky Villa residences span over 43,000 sqft, differentiating them from anything else
Dubai Real Estate Market Sets New Monthly Sales Record Of AED 62.4B In April
Dubai's thriving real estate market set a new all-time monthly sales record of AED62.4 billion in April, a 95.3% increase in value on the same month last year. A market update issued today by fäm Properties reveals that last month's total of 17,979 transactions also represented a 55.4% increase over April 2024, making it the third best-selling month on record in terms of volume. It underlines the buoyant nature of the Dubai property sector, with April eclipsing the previous monthly sales peak of AED 61.1 billion in October last year, following on from the second highest ever quarterly total of AED 142.7
Union Square House Achieves Record $63.7mln Sale In Jumeirah Residences Asora Bay
Dubai-based real estate brokerage Union Square House (USH) has shattered records in luxury property transactions. The firm has successfully brokered the sale of two ultra-luxurious apartments at Jumeirah Residences Asora Bay by Meraas, located in the prestigious La Mer district of Dubai, for a staggering $63.7 million (AED 234 million) to a single buyer. The first unit is a 6-bedroom simplex spanning 18,182 sqft, sold for about AED 164 million, while the second is a 4-bedroom simplex covering 7,728 sqft, sold for AED 69.5 million. Jumeirah Residences Asora Bay offers only 29 exclusive apartments managed by Jumeirah—a global leader in luxury
Mr. Eight Development Announces The Launch Of Villa Del GAVI, Its Second Project On Dubai Islands
Mr. Eight Development, a leading European property developer with over two decades of expertise, has announced the launch of its second residential project in the UAE – Villa del GAVI, located on Dubai Islands. Building on the success of its debut project, Villa del DIVOS, which has seen remarkable demand with almost 80% of its units already sold out, Villa del GAVI continues the brand’s mission to redefine beachfront living through timeless design and curated luxury. To celebrate the launch, Mr. Eight Development will host a private unveiling event at the Atlantis The Royal on May 03, 2025. The exclusive gathering
IMTIAZ Announces Khabib Nurmagomedov As Brand Ambassador At The Launch Of Beach Walk 4 In Dubai Islands
Dubai-based prime luxury developer Imtiaz Developments marked a major milestone with the official announcement of global sports icon and former UFC champion Khabib Nurmagomedov as its brand ambassador. The announcement was made during the grand launch of Beach Walk 4 Residence, the latest addition to the Beach Walk series by Imtiaz — a collection of ultra-luxury developments on Dubai Islands valued at AED 2.5 billion Dhs. During a special press conference attended by members of the media and key industry figures, Imtiaz Developments CEO Mr. Masih Imtiaz and Mr. Khabib Nurmagomedov formalised the brand ambassadorship with an official signing ceremony. “Today is a special day
Dubai Holding Announces Intention to Float Dubai Residential REIT on the Dubai Financial Market
Dubai Holding, through its wholly owned subsidiary DHAM REIT Management LLC (the “Fund Manager”), today announces its intention to launch an initial public offering (“IPO” or the “Offering”) for Dubai Residential REIT, a Shariah-compliant income-generating closed-ended real estate investment fund under establishment and one of the largest owners and operators of residential real estate in Dubai (the “REIT”), to list its units for trading (the “Units”) on the Dubai Financial Market (“DFM”). Dubai Residential REIT’s portfolio shall be managed by the Fund Manager pursuant to a fund management agreement between Dubai Residential REIT and the Fund Manager, leveraging its expertise to ensure optimised asset performance
Azizi Developments’ Riviera Beachfront I Reaches 58% Construction Milestone
Azizi Developments, a leading private developer in the UAE, has announced that Beachfront I in Riviera, its French Mediterranean-inspired waterfront community in MBR City, has reached 58% completion. Beachfront I’s structural build is now 99% complete, with blockwork at 95% and internal plastering at 87%. HVAC and MEP installations are also advancing steadily, currently at 71% and 54%respectively. Overall finishes are at 27%, with a dedicated workforce of 2,200 professionals drivingthe project’s rapid advancement. Mr. Farhad Azizi, Group CEO of the Azizi group of companies, said: “Beachfront in Riviera is rapidly coming to life, with it being a testament to our commitment