Sobha Realty, a leading global luxury real estate developer renowned for its commitment to exceptional quality and innovation, concluded 2024 with record-breaking sales of AED 23 Billion - of which AED 5 Billion from Sobha Siniya Island that was launched in Q3 2024. This milestone underscores the growing demand for Sobha Realty’s luxurious developments. The company achieved an impressive ~50% growth in sales year-on-year, driven by its diverse portfolio of properties in the UAE. Sobha Realty has successfully surpassed its ambitious target for 2024 and has set its sights on reaching AED 20 billion for Dubai Developments and AED 10 billion

MERED, the renowned international real estate developer, has announced Currie & Brown, a global leader in project management, cost management, and advisory services, as the appointed cost management consultant for its flagship project – ICONIC Residences design by Pininfarina. Currie & Brown operates across the Middle East, Americas, Asia Pacific, Europe and India. They help clients navigate volatility and unpredictability, providing the certainty that enables better, more sustainable built environments for all. Their role in ICONIC Residences is to ensure cost-effective solutions that align with MERED’s commitment to quality and sustainability. Michael Belton, Chief Executive Officer at MERED, commented: "We are proud to

A Dubai-based real estate company is set to bring a completely different perspective to the real estate sector in 2025 with a new division dedicated to developing boutique living opportunities in iconic locations. Standing out in the ‘sea of sameness’ which makes up today’s property market, AVENEW Development – a new arm of AVENEW real estate – is a private, high-end development company which will offer extraordinary lifestyle experiences and set a new standard of living which has never been seen before. The brand seeks inspiration from art, fashion, and culture but most importantly it pays particular attention to what modern homeowners want and

Dubai’s decision to let property owners in the Sheikh Zayed Road and Al Jaddaf areas convert their ownership status to freehold is a pivotal step for the city’s real estate sector, says Firas Al Msaddi, CEO of fäm Properties. “This bold new initiative is a win for all stakeholders - investors, developers, and Dubai’s real estate market as a whole,” said Al Msaddi. “It will not only attract a larger pool of investors, but also enhance the long-term resilience and growth of the market.” “Both Al Jaddaf and Sheikh Zayed Road are now positioned as prime real estate hotspots.Granting freehold ownership to

Alpago Properties, a prestigious subsidiary of Alpago Group, proudly announces the sale of yet another architectural marvel – Kural Vista – a stunning 5-bedroom villa located on Palm Jumeirah’s Frond G, one of Dubai's most exclusive addresses. This landmark achievement is more than just a high-value sale; it’s a celebration of Alpago’s leadership in the ultra-luxury real estate scene, reflecting an unwavering commitment to offering exceptional living experiences to the world’s most discerning individuals. It is an enduring promise of timeless quality and distinction. Kural Vista: Where Grandeur Meets Serenity Nestled in the heart of Palm Jumeirah’s most exclusive enclave, Kural Vista offers a

Meydan, a member of Dubai Holding Real Estate, has awarded a contract worth over AED 1 billion to Ginco General Contracting LLC for the construction of Phase Two of District One West in the prestigious Mohammed Bin Rashid Al Maktoum City. This development presents the next stage in one of the most sought-after gated communities in Dubai, offering an exclusive lifestyle on the waterfront of Crystal Lagoon. Ginco General Contracting, a construction company with over 35 years’ experience in the region renowned for delivering large-scale luxury projects, has been awarded the contract for the construction of four-, five- and six-bedroom luxury villas

Dubai Land Department (DLD) announced that the private property owners in Sheikh Zayed Road area (from the Trade Centre Roundabout to the Water Canal) and Al Jaddaf area can now convert their ownership status to freehold to all nationalities. A total of 457 plots are eligible for conversion to freehold: 128 plots along Sheikh Zayed Road and 329 plots in Al Jaddaf. The initiative is set to benefit landowners in these areas by enhancing the market value of their properties, particularly for those opting to convert their land to freehold ownership. It is also expected to increase the economic appeal of these

The Gulf Cooperation Council (GCC) is expected to remain a bright spot for global growth in 2025, according to a Standard Chartered report. Despite a projected slowdown in global growth to 3.1% from 3.2%, the GCC is expected to outperform, driven by resilient non-oil sector growth and strategic investments that underpin its economic diversification, said Standard Chartered’s Global Market Outlook for 2025. The GCC’s focus on long-term transformation continues to shield the region from many global economic challenges. Investment in non-oil sectors and a conducive environment for private-sector growth are expected to sustain momentum in 2025. The report also highlighted that lower interest

ALTA Real Estate Development proudly unveils Mr. C Residences Downtown, now available for buyers seeking an unparalleled living experience. This exceptional new addition to the Mr. C portfolio marks the second Mr. C property in Dubai. The project is a testament to ALTA’s continued partnership with Ignazio and Maggio Cipriani, representing a modern interpretation of the family’s nearly century-long legacy in hospitality. Inspired by the dynamic energy of Dubai and its stunning skyline, Mr. C Residences Downtown celebrates Dubai’s modern spirit while infusing it with the warm, personalised service for which Mr. C is world-renowned. Mr. C, created by brothers Ignazio

Meydan, a member of Dubai Holding Real Estate, has awarded an AED 529 million contract to Bhatia General Contracting Co. (L.L.C) for the construction of Naya at District One. Nestled in the prestigious Mohammed Bin Rashid Al Maktoum City, this resort-inspired residential development combines tranquil lagoon-side living with sophisticated design and curated amenities. Naya at District One comprises three green-roof residential towers featuring 456 spacious one-, two, three-, and four-bedroom apartments and lagoon villas. Bhatia General Contracting Co. (L.L.C), an award-winning independent contracting and construction company with over four decades of experience in the region, will undertake the construction of Tower 1 (G+20), Tower 2 (G+12), and