Dubai’s Real Estate LEEDing The Way To A Sustainable Future
ZāZEN Properties, a leading homegrown sustainable property developer in the UAE, announced a significant achievement with its latest project, ZāZEN Ivy. The development reached an impressive milestone, selling 95% of its units at launch, with the remaining larger units sold out within 30 days to retail investors. This success reflects the credibility and popularity of the brand and the positive market environment, as the UAE’s real gross domestic product (GDP) continued its growth, reaching AED430 billion in the first quarter of 2024, which is a 3.4 per cent growth compared to the same period last year. The non-oil activities saw clear
SOL Properties Announces Upcoming Projects With Anticipated AED 12 Billion GDV, Elevating Country’s Real Estate Market
SOL Properties,a leading real estate developer in the UAE and the premier real estate development arm of the Bhatia Group, announced the launch of a series of high-end projects with an anticipated Gross Development Value (GDV) of AED 12 billion in the next six months. These projects are expected to significantly impact the UAE real estate market, setting new standards for luxury and efficiency, while contributing to the country’s overall economic growth. The ambitious expansion builds on the 50-year legacy that the Bhatia Group has upheld in the UAE, establishing itself as a pioneering force in Dubai’s property development and construction
Meraas Awards AED 850mln Construction Contract For Bvlgari Lighthouse On Jumeira Bay Island
Meraas, a member of Dubai Holding Real Estate, has awarded an AED 850 million contract for construction work of the Bvlgari Lighthouse on Jumeira Bay Island to Dutco Construction Co LLC. With marine works now completed on this section of Jumeira Bay Island, construction will soon commence on the 27-storey luxury residential tower. Designed by world-renowned architecture firm Antonio Citterio Patricia Viel, Bvlgari Lighthouse is set to become one of the city’s most prestigious addresses and an exquisite highlight of the island. Inspired by the timeless elegance and luxury of the Italian jeweller, Bvlgari Lighthouse comprises four and five-bedroom luxury penthouses. Additionally,
LEOS Developments Unveils New Alpine-Inspired Community, Weybridge Gardens 3, The Alps
LEOS Developments, the award-winning international property developer, proudly unveils its latest addition to the Weybridge Collection, Weybridge Gardens 3, The Alps Edition, in Dubailand. This unique project, with a Gross Development Value (GDV) of AED 215 million, draws inspiration from the French Alps and Western Europe's most iconic ski resorts, offering a distinctive blend of alpine charm and modern urban living in Dubai. "In the mountains, there you feel free." This timeless quote by T.S. Eliot perfectly encapsulates the essence of Weybridge Gardens 3, The Alps. LEOS Developments' designers traveled through picturesque alpine villages, bringing a fresh perspective to modern living in Dubai.
Dubai Residential Resale Market Continues To Outperform Global Trends In H1 2024
Dubai continues to strengthen its global appeal as it further solidifies its position as one of the most dynamic and sought-after residential markets, according to a report by Metropolitan Homes, a division of the Metropolitan Group focusing exclusively on Dubai’s secondary property market for end-users, investors and wealthy asset owners. The report titled ‘H1 2024 Residential Resale Market Review 2024’ provides an in-depth review and highlights an exceptional performance in Dubai’s secondary sales market (off-plan and secondary resale). Svetlana Vasilieva, Head of Secondary Sales at Metropolitan Homes, said: “Dubai’s real estate market has shown remarkable strength and growth in the first half
‘Renovate Now Pay Later’: Reno, The Innovative New Platform For Interior Design And Renovations, Launches In The UAE
Reno, the all-in-one interior design and renovation platform for residential and commercial projects, has launched in the UAE. Reno is the first solution of its kind in the region, offering a flexible financing option for renovation projects. The platform is accessed through the Reno app, which combines technological innovation with human expertise. It connects end users – whether that be businesses or consumers – to a network of leading interior designers, seasoned project managers and trusted contractors, for a seamless and straightforward end-to-end renovation experience. From initial design to project delivery, every step of the renovation process can be tracked and managed
HMB Homes Announces The Launch Of Their Flagship Project One Beverly
Inspired by the timeless elegance of Parisian Art and the enchanting romance of Paris, HMB Homes Real Estate Development’s flagship project, One Beverly, is set to redefine luxury living in Dubai. This AED 350 million project not only represents the pinnacle of HMB Homes’ portfolio but also stands as one of the most coveted addresses in Dubai, offering a lifestyle that is both extraordinary and inspiring. HMB Homes Real Estate Development, renowned for its innovation and excellence in the UAE's real estate market, has consistently set new benchmarks in luxury living. With a legacy of pushing the boundaries in residential development,
Unleash Your Inner Zen: Discover Your Dream Home At The Acres By Meraas
Imagine waking up to the gentle lapping of waves, the sweet scent of blooming flowers, and the soothing sounds of nature all around. At The Acres Meraas, this dream becomes a reality. Nestled amidst Dubai's lush greenery and shimmering lagoons, this exclusive development offers a sanctuary of tranquility and luxury. Step into your private oasis, a meticulously designed villa that exudes contemporary elegance. Choose from a variety of spacious options, each offering its own unique charm. Whether you're a young family seeking a cozy retreat or a discerning individual desiring expansive living spaces, The Acres has a villa to suit your
IMAN Developers Launches One Sky Park, Featured By Versace Ceramics In JVC
IMAN Developers, a leading Dubai-based luxury residential developer, proudly celebrated the grand launch of One Sky Parkin Jumeirah Village Circle (JVC), in partnership with Versace Ceramics. The AED 800 million mixed-use development is scheduled for completion in the fourth quarter of 2027 and features exclusive Versace ceramics throughout its apartments, lobby, and common areas, blending fashion-forward design with luxury and functionality. The event was headed by Mr. Isamil Marfani, Chief Executive Officer of IMAN Developers and Mr. FrancescoLannofor Versace Ceramics. Mr. Ismail expressed his enthusiasm at the launch, stating, "The grand launch of One Sky Park represents a significant step in our
Sobha Realty Complete USD 230 Mn Sukuk Tap, Taking Total Sukuk Holdings To USD 500Mn
Sobha Realty, a leading global luxury real estate developer, announces the successful execution of a strategic tap into its existing sukuk on Tuesday, September 10, 2024. This latest tap is an extension of the Developer’s inaugural sukuk issuance of USD 300 million, which took place in July 2023 and currently has an outstanding balance of USD 270 million. This sukuk was listed on both the London Stock Exchange (LSE) and NASDAQ Dubai. With the completion of this tap, Sobha Realty’s total sukuk issuance now reaches a benchmark size of USD 500 million. The tap adheres to the existing sukuk terms, preserving