Union Properties PJSC (“Union Properties” or “the Company”) (DFM symbol: UPP)has officially broken ground on ‘Mirdad’, its AED 2 billion flagship project in Dubai Motor City, the Company’s second landmark development in the area.This milestone underscores Union Properties’ renewed growth strategy, centered on innovative master planning, architectural excellence, and wellness-driven urban living. Comprising four elegantly designed towers, ‘Mirdad’ embodiesUnion Properties’ vision for modern, connected and sustainable living that fosters a true sense of community and belonging. The groundbreaking ceremony was attended by Mr. Mohamed Fardan Ali Al Fardan, Chairman, Mr. Abdul Wahab Al Halabi, Vice Chairman, Eng. Amer Khansaheb, CEO and

The competitive edge in Dubai’s luxury real estate market, often defined by global brand names, has shifted towards quality of life as the flow of wealthy buyers from around the world continues. MAG Lifestyle Development, developers of Keturah Reserve in Dubai, say they designed the AED3 billion pioneering bio-living development at Meydan around a unique liveability concept that blends wellness-focused living, thoughtful architecture, and sustainability “The No.1 concern of wealthy buyers is now liveability - the depth of the experience, and the ability of a home to enhance residents’ physical and mental wellbeing,” said Talal M. Al Gaddah, CEO & Founder of

As 2025 draws to a close, DMDC, one of Dubai's leading interior design and construction firms, revealed a decisive shift in market behaviour: high-net-worth buyers and investors are now prioritising strategic renovation over relocation, using redevelopment as a primary wealth creation tool. Recent data supports this. The UAE renovation market is currently valued at approximately USD 32.4 billion in 2024, with expectations of reaching USD 42.6 billion by 2030, growing at a compound annual growth rate (CAGR) of 4.7%. This indicates a shift among homeowners who are increasingly opting to invest in home upgrades instead of relocating. DMDC revealed that investors now

Dubai Land Department, in collaboration with Dubai Holding Community Management, has approved the first-ever three-year fixed service fees for the Palm Jumeirah Master community. The new mechanism enables the management companies of jointly owned properties (JOPs) to submit and secure approval for a three-year service fees budget via the ‘Mollak’ system, while also maintaining the option for entities that wish to continue adopting a one-year budgeting model. The new mechanism aims to stabilise service fees and enhance the efficiency of long-term financial planning by enabling management companies to enter into three-year operational contracts with service providers. This approach enhances clarity and

Meraas, a member of Dubai Holding Real Estate, has awarded an AED 340 million contract to Al Sahel Contracting for the construction of new Riwa apartments at Madinat Jumeirah Living, with completion scheduled for Q3 2027. The project comprises three 10-storey residential buildings with 244 premium apartments, including one- to three-bedroom units and a four-bedroom penthouse. This latest contract reinforces the long-standing partnership between Meraas and Al Sahel Contracting, which is nearing completion on the fifth phase of Madinat Jumeirah Living, having successfully delivered four earlier phases. The collaboration showcases Meraas’ dedication to delivering exceptional design, quality and craftsmanship. Designed with contemporary elegance,

Discovery Dunes is bringing a first-of-its-kind experience to the UAE, the region’s only private golf course designed by legendary golf architect, Tom Fazio. Set within Dubai’s first members-only residential community, the 18-hole championship course embodies Discovery Land Company’s signature blend of casual luxury, where sport, family, and community come together effortlessly. Tom Fazio, the founder of Fazio Design, one of the most celebrated companies in golf course architecture, has designed over 200 courses worldwide, including more than 20 exclusively for Discovery communities. His latest creation at Discovery Dunes is a testament to his creative vision. Fazio Design has masterfully designed the

Dar Global, the London-listed luxury real estate developer, has awarded the enabling works contract for the Trump International Hotel & Tower, Dubai to Edrafor Emirates LLC, marking a key milestone in advancing construction of this landmark development on Sheikh Zayed Road at the entrance of Downtown Dubai. Introduced in April this year, Trump International Hotel & Tower, Dubai is set to become a new global icon, bringing together world-class hospitality, luxury residential living, and The Trump – an exclusive members-only private club designed for a select community of discerning global residents. The 80-floor tower will stand 350 metres high and feature Dubai’s highest

Dubai Investments, through its wholly-owned real estate subsidiary Dubai Investment Real Estate (DIR), has announced the launch of Al Vista, a landmark mixed-use development valued at AED 1.3 billion, set to redefine urban living in Dubai’s prestigious Meydan Horizon.Al Vista is envisioned as a distinctive mixed-use development that seamlessly integrates premium residences, commercial spacesand retail offerings within a unified masterplan, creating a vibrant destination that blends lifestyle, businessand leisure. Al Vista comprises two iconic towers - a 39-storey residential tower featuring 312 apartments, including 198 one-bedroom, 98 two-bedroomand 16 three-bedroom units, with all three-bedroom units including private jacuzzis and panoramic lagoon

The UAE’s real estate sector continues to stand as one of the country’s most dynamic and resilient industries, serving as a cornerstone of its diversified and thriving economy. With consistent demand from both local and international investors, the sector has remained a key contributor to national GDP, supported by visionary government policies, large-scale infrastructure projects, and a steady influx of foreign capital. Valued at AED 302.65 billion in 2024, the local sector is expected to reach AED 486.2billion by 2030 at a Compounded Annual Growth Rate (CAGR) of 8.06% as per market insights and analysis firm ‘Research and Markets’. Along with

As part of its long-term digital transformation strategy, ASICO Development announced today a new initiative focused on enhancing the performance of existing buildings through IoT-enabled digital twins, laser scanning, and data-driven asset management. This initiative builds on the BIM program recently launched for new projects and expands it into the operational phase of ASICO’s asset portfolio. Preparing Existing Buildings for a Smart Future ASICO is evaluating and piloting technologies that allow older buildings to be digitally reconstructed and managed using real-time performance data. This includes: Laser scanning surveys to create 3D as-built models of priority assets Development of BIM-based digital twins to centralize