Driven Properties, Dubai’s renowned real estate brokerage, announces its successful facilitation of the sale of the largest plot in Business Bay. The sale marks a significant milestone for the area, paving the way for a new, sustainable office park. The premium office park by Lamar Development will serve as a welcome addition to the area, addressing the critical shortage of Grade A office spaces in Business Bay and the city at large. With neighbouring off-plan office developments seeing prices that exceed AED 7,000 per square foot, the sale solidifies Driven Properties’ position as a trusted provider, even in the face of

DAMAC Properties is pleased to announce the signing of a new contract with Modern Building Contracting Co. (MBCC), one of the leading construction companies in the UAE. This partnership marks a significant milestone in the development of a 52-storey tower that will feature 294 luxurious apartments. “We are excited to partner with MBCC on this landmark project. Their proven track record and dedication to excellence align perfectly with our vision for this development. This 52-storey tower will not only enhance the skyline but also set new benchmarks in luxury living,” said Mohammed Tahaineh, General Manager of Projects at DAMAC. Under this contract,

Azizi Developments, a leading private developer in the UAE, has announced the 97% construction completion of Amber, its premium condominium project in Dubai’s highly acclaimed growth corridor, Al Furjan.Comprising a mix of studios, and one, two and three-bedroom residences, Amber is set for completion in Q3 of 2024. Amber’s structure, blockwork, internal plaster, MEP, and HVAC are now fully completed, along with the tiling, swimming pool, and elevator works. External works and façade works are 90% and 98% complete, respectively. Overall finishes are now at 98%. The total workforce has reached 190. In his comments, Mr.Farhad Azizi, CEO of Azizi Developments, said:

DAMAC Hotels and Resorts and Paramount Hotels proudly hosted a successful three-day event in celebration of International Self Care week, aimed at promoting holistic well-being and pampering cast members from Paramount Hotels and DAMAC Maisons. The event, which took place during the self-care week, included engaging panel discussions in the iconic Screening Room at Paramount Hotel Dubai, yoga and sound healing session at Malibu Sky Lounge at Paramount Hotel Midtown and a strengthening session hosted at the newly opened DAMAC Maison Aykon City. The panel talk was moderated by the dynamic Laura Naylor, renowned radio presenter from Dubai92, TV presenter, and

Savills, a global real estate services provider, released the findings of its latest Prime Residential World Cities Index, which revealed that Dubai topped the rankings of 30 global cities for rental value growth, and ranked 5th for capital value growth in the first half of 2024. Rental performance Dubai topped the index with gains of 12.1%, followed by Bangkok (9%) and Lisbon (7.5%). These markets have very strong lifestyle credentials and there is also an element of corporate relocations which are driving demand in these cities, Savills research revealed. Prime real estate rents in Dubai, the top performer in the index, have been on

Elite Merit Real Estate proudly announces its entry into the Dubai real estate market, bringing a fresh and innovative approach to property transactions. Founded by Shadi Rimeh, Elite Merit plans to enhance the real estate service with transparency, integrity, education and technology. Co-founders Shadi Rimeh and Elkhan Salikhov identified a need for substantial improvements in the industry, aspiring to elevate the professionalism and efficiency of real estate transactions. Their vision is to create a more accessible and straightforward market for clients, ensuring a seamless and rewarding experience. “Our mission is to revitalize the real estate business through innovation and trust,” said Shadi

Unique Properties, an award-winning agency in Dubai’s real estate since 2008, is making a significant splash in the city's secondary market. Leveraging its 16 years of experience and a passion for the industry, the company has already secured 36% of its deals in the secondary market since January 2024. This rapid growth highlights a strategic shift towards capitalizing on the rental and resale potential of Dubai's exceptional properties. "Over the last 16 years, Unique Properties has become an integral part of the Dubai property market," said Arash Jalili, CEO of Unique Properties. "We've earned this place through customer centricity and a

Azizi Developments, a leading private developer, has set a new record for the largest continuous concrete pour to ever have been done in the United Arab Emirates at Azizi Venice, its mixed-use community in the rapidly growing Dubai South, set entirely on a swimmable crystal blue body of water that is one of the largest lagoons of its kind in the world. The over-22,000 cubic meter raft was poured for 56 hours from Friday, the 26th of July until Sunday, the 28th of July 2024. Founder and Chairman of Azizi Developments, Mr. Mirwais Azizi, commented: “The quality and speed at which

Dubai Land Department (DLD) has successfully completed 647 amicable real estate settlements worth more than AED 1.38 billion in the first half of 2024. Through the Oqoodi Platform service, 100% of the settlement agreements were approved, facilitating and expediting real estate settlements. This achievement has enhanced the effectiveness of managing disputes and provided a safe and reliable method for confirming and legally documenting each party’s agreement to the terms. The Dubai Land Department is dedicated to finding amicable settlements to resolve property disputes peacefully, serving as a valuable resource for investors and developers. DLD boasts capable and qualified legal specialists to

The year 2024 is set to see the issuance of approximately 10,000 new real estate broker licenses in Dubai, marking an unprecedented level and a significant increase from the 5,000 licenses issued in 2018, according to Dubai-based real estate consultancy VVS Estate. The past few years have seen steady growth with 6,000 new licenses issued in 2019, a slight dip in 2020 due to the pandemic, 7,000 new licenses issued in 2021, 7,500 in 2022, and approximately 8,000 in 2023. This surge is testament to the influx of investors and the booming real estate market in Dubai, drawing a record number