News

Peak Summit Real Estate Development LLC, in partnership with Refine, its associates, and Driven | Forbes Global Properties, has unveiled Solena at The Orchard Place, the third and final phase of the largest European-inspired residential community in Jumeirah Village Circle (JVC). This latest chapter in the development introduces two new residential towers, Towers D and E, adding over 400 European-inspired homes to the heart of District 12 in JVC. Inspired by the words “Sol” and “Soleil,” meaning sun and serenity, Solena is a Mediterranean name that evokes warmth, light, and calm, perfectly capturing the spirit of this thoughtfully designed addition to The

Dubai Creek Harbour Demand is rising for communities that combine prestige, proximity, and waterfront serenity, and Dubai Creek Harbour checks all those boxes. Known for its elegant skyline and seamless access to Downtown Dubai, it's a favourite for buyers seeking a premium lifestyle with investment upside. The star feature here is its master-planned waterfront living, enhanced by green spaces and direct views of the Dubai Creek Tower. Waterfront apartments start at AED 1.45M, while luxury villas exceed AED 5M. With rental yields of 6–6.8% and consistent appreciation, it balances luxury with long-term potential. Albero at Green Gate by AHAD — a development

Dubai's real estate market is poised for its most active summer on record, with total transaction volumes expected to exceed USD 40 billion between June and August 2025. According to analytics reviewed by Elite Merit Real Estate LLC, the market surged to AED 142.7 billion (~USD 38.9 billion) in Q1 2025 alone—marking a 22% year-on-year increase and setting the stage for summer spending in the AED 150–160 billion (USD 41–44 billion) range. By contrast, Summer 2024 closed at just over USD 33 billion in total transactions, making this year's forecast a potential 25–30% seasonal leap. A key driver of this trend is

Emaar Properties PJSC (DFM: EMAAR), one of the world’s most valuable and respected real estate development companies, has announced that both S&P Global Ratings and Moody’s Ratings have upgraded the company’s long-term issuer credit ratings, reinforcing Emaar’s position as a financially resilient and strategically agile market leader. S&P Global Ratings upgraded its long-term issuer credit rating to BBB+ from BBB, with a stable outlook, whileMoody’s upgraded Emaar’s long-term issuer rating to Baa1 from Baa2, also with a stable outlook. These upgrades reflect Emaar’s robust financial fundamentals, consistent performance, and sound strategic direction. The same S&P and Moody’s rating upgrade has been applied

The DAMAC Group has officially announced the rebranding of its data center arm, EDGNEX Data Centers by DAMAC, to DAMAC Digital, reflecting its strengthened commitment to delivering agile, AI-ready infrastructure on a global scale. Building on the Group’s proven track record in real estate, technology, and international investment, DAMAC Digital harnesses the power of the DAMAC brand to provide world-class, scalable data center solutions. This evolution aligns with the Group’s vision to become a pivotal global player in the digital infrastructure ecosystem—enabling hyperscalers, AI enterprises, and growth-focused organizations to thrive in the era of accelerated digital transformation. “The launch of DAMAC Digital

Building on the exceptional momentum of its “Gharbi 2” project, Rabdan Developments has unveiled its newest residential offering — Rabdan Gates — which achieved a staggering 80% sell-through rate within the first 24 hours of launch. This achievement underscores Rabdan’s strategic vision as a premier Emirati real estate developer, widely recognized for delivering high-caliber developments ahead of schedule and offering flexible payment solutions tailored to today’s diverse buyer profiles. In a recent announcement, the company revealed plans to launch two upcoming projects in two of Dubai’s most sought-after districts: Meydan and City Walk. These expansions reflect Rabdan’s continued commitment to strengthening its

The total number of housing units in Dubai is expected to reach one million before the end of this decade, beating analyst estimates about Dubai’s capacity to accommodate an average of only 25,000 new residential units annually, according to real estate brokerage Union Square House (USH). Currently, more than 740,000 residential units are completed and over 50,000 are under development in Dubai. The accelerated supply of the remaining units to reach the one-million milestone before 2030 will be driven by pent-up demand as the economy recovers from COVID-19 and the city’s population growth regains momentum. According to the Dubai 2040 Urban Master

Ellington Properties, Dubai's leading design-led real estate developer, has announced its support for the emirate's second tokenized property initiative, reinforcing its commitment to innovative real estate solutions. As part of this milestone project, Ellington has contributed a residential unit at Kensington Waters, a premium development located in Mohammed Bin Rashid City, enabling fractional ownership through secure, blockchain-based digital tokenization. The initiative marks a significant step forward in democratizing real estate investment. With investment entry points starting from AED 2,000, tokenized shares of the unit at the Kensington Waters offer broader, more inclusive access to Dubai's thriving property market. Moreover, each share is backed by

Savills Middle East’s first Dubai Prime Residential 2025 report reveals sustained growth across Dubai’s luxury property market, marking a fourth year of rising transaction volumes and capital values. The upward momentum continues to be underpinned by strong investor appetite, favourable regulatory conditions, and increased demand for premium homes. The AED 10 million+ segment, a key benchmark of Dubai’s prime residential landscape, saw a tenfold rise in transactions over the past four years, from 469 in 2020 to 4,670 in 2024. In Q1 2025 alone, over 1,300 homes changed hands at this level, representing a 31% increase year-on-year. “Dubai’s prime residential market continues

The UAE’s real estate market continues to set fresh records in 2025, remarks Josh Gilbert, Market Analyst at eToro. April alone saw AED 62.1 billion in real estate transactions, highlighting growing demand across residential, commercial, and luxury segments. One area in particular gaining attention is the branded residences market, which is quickly becoming the hottest thing in the UAE's luxury property sector. According to recent data, Abu Dhabi's branded residences quadrupled over the past year, and luxury sales topped AED 6.3 billion in 2024. The growth in branded residences across the UAE reflects growing demand from affluent investors and high-net-worth individuals