UAE: Mohammed Bin Rashid Reviews Progress Of Housing Project For Citizens
His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, reviewed the progress of the Sheikh Rashid Bin Mohammed Bin Rashid Al Maktoum Housing Project for Citizens in the Wadi Al Amardi area in Dubai. The project features 672 villas under construction at a total cost of AED1.4 billion, in addition to endowment markets, a mosque, a public park, and service facilities designed to meet the needs of Emirati families. The new residential project is directly overseen by H.H. Sheikha Hind bint Maktoum bin Juma Al Maktoum, wife of H.H. Sheikh Mohammed bin Rashid Al Maktoum.
World’s Highest Penthouse Hits The Market: A $51M Masterpiece In Dubai’s Iconic Burj Khalifa
The world's highest residence, an ultra-exclusive 21,000 sq. ft. duplex penthouse in the Burj Khalifa, is now on the market for $51 million. Listed exclusively by Invest Dubai Real Estate, this once-in-a-lifetime opportunity represents the pinnacle of luxury living, boasting unmatched panoramic views, architectural grandeur, and an address that defines global prominence. Living at the top. The highest residence, in the tallest tower in the world. Over 1,300 feet above the city, this one-of-a-kind full-floor duplex in the Burj Khalifa offers unrivalled 360-degree views of Dubai, the Arabian Gulf, and the vast desert beyond. Spanning 14,000 square feet on the main
Refine Unveils $12 Billion Development Portfolio And Bold Expansion Plans For 2025
Refine Development Management, Dubai’s leading fully integrated development management company,kicks off the new year with bold expansion plans and a pipeline portfolio valued at $12 billion.As a significant milestone, Refine introduces its state-of-the-art Sales Gallery, highlighting its dedication to excellence and delivering transformative projects in the UAE. The UAE’s real estate market continues to experience record-breaking investment and unprecedented growth, and Refine is strategically positioned to capitalise on this momentum.The company aims to deliver a portfolio of iconic development projects across Dubai, with several high-profile launches scheduled for 2025. In Q1 and Q2, Refine will unveil high-end residential projects in Meydan with
IMTIAZ Launches Sunset Bay Collection In Dubai Islands With Hrithik Roshan In Attendance
In a landmark event that captivated the real estate and luxury lifestyle community, Imtiaz Developments officially launched its highly anticipated ‘Sunset Bay Collection’ five premier waterfront projects on Dubai Islands. The grand ceremony was attended by high-profile dignitaries, industry leaders, and global celebrities, including Indian superstar Hrithik Roshan. The Sunset Bay Collection comprises five distinct projects, each thoughtfully designed to offer an island lifestyle with world-class amenities, direct access to pristine beaches, and a seamless integration of modern architecture with the natural beauty of Dubai Islands. Located near the area's largest mall, upscale resorts, and fine-dining restaurants, the collection is ideally
Mr. Eight Development Announces The Launch Of Villa Del DIVOS On Dubai Islands
Mr. Eight Development, a European property developer with over 20 years of experience, is launching its first residential project in the UAE–Villa del DIVOSon Dubai Islands. This is the first of five planned developments on the Island, with a total investment of half a billion dirhams, setting a new standard for luxury beachfront living. Mr. Eight Development will host an exclusive event at Blue Waters Forum on February 8, 2025, at 6 pm to celebrate the launch. The event will bring together industry leaders, investors and special guests and offer an exclusive project preview. Located on Dubai Islands, this development marks the
KASCO Developments Unveils VOLNA In Al Jaddaf, The Third Residential Project With AED 100 Million Investment
KASCO Developments, the real estate arm of the KASCO Group, and Evolutions, a leading real estate intelligence hub, have officially launched VOLNA in Al Jaddaf Waterfront, its third residential project in Dubai. Following the success of ONDA and VAL, this new development further strengthens KASCO's presence in the UAE property market since its debut in September 2024. Strategically located along Al Jaddaf Waterfront, VOLNA is an 11-floor residential building featuring 65 meticulously designed homes. The project offers a diverse selection of residences, including studios (up to 912 sqft), one-bedroom apartments (up to 1,480 sq ft), two-bedroom apartments (up to 1,620 sqft),
Union Properties Reduces Legacy Debt And Signs New Funding Agreement With A Localbank To Drive Strategic Growth
Union Properties PJSC (“Union Properties” or the “Company”) (DFM symbol: UPP) achieves a significant milestone in its recovery plan as it reduced its legacy debt of AED 1.47billion (FY2022)to AED 575 million as of end of December 2024, and further targets reducing it by end of Q1 2025 by another AED 150 million. On the back of this exceptional performance, Union Properties was able to reduce the margin on the 3M EIBOR from 3.25 per cent to 2.75 per cent, in light of growing trust among banks. Union Properties was also able to secure additional bank loans of AED 150 million
Dubai Property Market Enjoys Big Start To 2025 As January Sales Hit AED44.4 Billion
Dubai’s real estate market has made a strong start to 2025, with property sales in January totalling AED 44.4 billion, a 24.1% increase in value on the same month last year. A market update issued today by fäm Properties reveals that last month’s total of 14,236 transactions also represented a 23.2% increase in volume over January 2024. Land sales for January showed the biggest increase,with 811 plots - a 151.9% month-on-month leap in volume - selling for AED8.6 billion. Villa sales totalling AED16.4 billion also climbed sharply in volume by 89.6% to 3,117 compared with January last year, and apartment sales worth AED18.2
Almal Real Estate Development Prepares For Major Expansion Into Commercial Sector And International Markets
Almal Real Estate Development is soon to announce its upcoming expansion into new verticals and international markets as part of its strategic growth plans for 2030. The company, known for its innovative luxury residential and hospitality developments, is preparing to diversify into the commercial sector with the introduction of The Smart Space, a network of business centers in UAE featuring five-star amenities. Additionally, Almal is entering new markets in Bali and Thailand as a community developer, focusing on villa and townhouse projects. The expansion into the commercial real estate sector will be marked by the upcoming launch of The Smart Space,
Metropolitan Capital Real Estate Registers Record 2024 Year With Sales Transactions Surging 60% To AED 4.8 Billion
Metropolitan Capital Real Estate (MCRE), a leading full-service real estate agencyin Abu Dhabi and part of the Metropolitan Group, has announced exceptional results for 2024 in the Abu Dhabi real estate market. The company closed over 1,200 deals, representing a remarkable 48% increase compared to 2023. The total value of these deals reached AED 4.8 billion, a 60% increase from AED 3 billion in 2023.The average transaction value also rose 21%, reaching AED 4 million. MCRE’s outstanding performance reflects the record growth seen in the Abu Dhabi real estate market last year. In the freehold areas, the Capital witnessed over 14,620 transactions