Azizi Developments, a leading private developer in the UAE, has laid the foundation for its first five-star hotel, marking the beginning of the rollout of its AED 75 billion hospitality investment plan that will further enrich Dubai’s world class tourism infrastructure. Located within the Azizi Riviera community in Mohammed Bin Rashid City, the five-star hotel isamong ten hotel developments across various categories that are currently in design, development, or construction stages. These projects are being delivered through Azizi Developments’ in-house capabilities, leveraging the company’s integrated expertise across development, construction, and project management. Azizi Hospitality will develop 151 hotels, including 100 four-star hotels,

Rentify, a leading fintech and proptech innovator, today announced the launch of Rentify Pay, UAE's first rent-native infrastructure layer. This launch marks a significant evolution from Rentify's original "Rent Now, Pay Later" service, introducing a comprehensive platform that digitizes and streamlines the entire rental ecosystem for tenants, landlords, and property managers. In UAE, where majority of residents are long-term renters and expatriates, rent represents the largest recurring financial commitment for most households. Since its founding, Rentify has offered over 10,000 rental units flexible payment solutions that benefit both tenants (who save money and earn rewards) and landlords (who receive upfront payments

Dubai’s residential real estate market recorded 15,369 transactions worth AED 45.39 billion in February 2026, reflecting sustained activity across the emirate’s property sector despite evolving global and regional dynamics. While transaction levels remained broadly stable compared with January, the market continued to demonstrate year-on-year expansion. Compared with February 2025, residential transactions increased 2.51% in volume, while total transaction value rose 9.59%, highlighting continued investor participation across both off-plan and ready residential segments. Farooq Syed, CEO of Springfield Properties, said: “Market conditions remain fluid, and activity will naturally recalibrate as global developments evolve. What we are observing on the ground, however, is continued

Azizi Developments, a leading private developer in the UAE, has signed a non-binding Memorandum of Understanding (MoU) with Hyprlift, Inc., a US-based innovator in advanced vertical transportation systems, to explore the potential application of ropeless elevator systems within selected Dubai developments. Under the MoU, the two parties will undertake technical studies, integration planning, and feasibility assessments to evaluate end-to-end requirements from design and installation through testing, commissioning, operations, and ongoing maintenance. Hyprlift, Inc. specializes in the development of self-propelled, modular, ropeless elevator systems that introduce an alternative approach to vertical transportation, offering greater architectural flexibility, multi-directional movement, increased transport capacity, and more

Dubai Residential REIT (DFM: DUBAIRESI), a Shariah-compliant, income-generating closed-ended real estate investment trust and one of the largest owners and operators of residential real estate in Dubai (the “REIT”), managed by DHAM REIT Management (the “Fund Manager”), today announced the outcomes of its first Annual General Meeting. At the meeting, unitholders approved the Board of Directors' recommendation to distribute a cash dividend of AED 550 million for the second half of 2025, equivalent to 4.2 fils per unit, bringing the total payout for the year ended 31 December 2025 to AED 1.10 billion, equivalent to 8.5 fils per unit, implying a gross

Award-winning real estate developer Imtiaz Developments has announced the successful handover of Beach Walk by Imtiaz, becoming the first developer to complete and deliver a residential project on Dubai Islands. The project marks the first completed development within Imtiaz’s Dubai Islands portfolio, which is collectively valued at over AED 6 billion. The handover is an early anchor for the evolving Dubai Islands, as it enters its next phase of development. More than the completion of a building, it signals the activation of Dubai Islands’ residential future and firmly positions Imtiaz Developments among the earliest and most influential private developers shaping the area’s growth and long-term trajectory. Imtiaz’s Strategic

Badar Rashid AlBlooshi, Chairman of Arabian Gulf Properties, said that Dubai’s real estate market continues to demonstrate balanced growth across both residential and office segments, supported by strong economic fundamentals, business expansionand sustained investor confidence. AlBlooshi noted that while residential real estate continues to benefit from population growth and end-user demand, the office market recorded exceptional performance toward the end of 2025, reinforcing Dubai’s position as a leading regional and global business hub. Referring to data reported recently, citing market research, AlBlooshi highlighted that Dubai’s office real estate sector recorded a 32.4% year-on-year increase in average rents, reaching approximately AED 225 per

Dubai’s real estate brokerage sector witnessed a notable transformation in scale and impact in 2025, reaffirming its position as a key regulatory and economic driver within the real estate ecosystem. This development was driven by higher levels of activity and the expansion of the broker base, alongside their growing role in managing and executing real estate transactions efficiently, within a robust regulatory environment that has elevated the quality of services delivered to the market. According to data from Dubai Land Department, real estate brokerage commissions rose to AED13.59 billion in 2025, marking a 31% increase compared to 2024. This growth coincided

In a clear indication of continued confidence in the strength of the UAE economy and the attractiveness of Dubai’s real estate market, JAD Global Real Estate Development has announced the groundbreaking of its residential project JAD288, the company’s second development in Jumeirah Garden City, alongside the appointment of Al Safa Contracting as the project’s main contractor, marking the start of construction works. The project forms part of JAD Global’s ongoing expansion strategy in Dubai’s property market. Valued at more than AED 400 million, JAD288 brings the company’s active development portfolio to approximately AED 2.2 billion, spanning several strategic locations across Dubai,

A luxury apartment in Dubai has been sold off-plan for AED422 million, and the deal has been hailed as powerful sign of confidence in the city’s real estate market, and security in the UAE. The sale yesterday of the 31,201 sq ft apartment at Aman Residences Dubai on the Jumeirah Peninsula, has been confirmed by fäm Properties. Data from DXBinteract, the data platform developed by the company in partnership with Dubai Land Department, said the transaction put the value at AED 13,525 per sq ft. Firas Al Msaddi, CEO of fäm Properties, said: “The sale of an ultra-luxury villa at this level is