News

The Sharafi Group, one of the UAE’s most established and diversified business conglomerates, announced continued success across its portfolio of operations, underscoring its long-standing contribution to the nation’s growth and development. With a legacy spanning ten decades, Sharafi Group has built a reputation for quality, integrity, and forward-thinking leadership, delivering exceptional projects across real estate, hospitality, contracting, design, brokerage, maintenance, and technology. “At Sharafi Group, we believe in enhancing everyday lives by being the most trusted and customer-centric group in Dubai and beyond,” said Abdollah Sharafi, Head of Sharafi Group. “Our mission is to shape a brighter and more prosperous future for the

Bayut and dubizzle, the UAE’s leading property portals under Dubizzle Group, have entered into a Memorandum of Understanding (MoU) with PRYPCO Mortgage, the home financing vertical of PRYPCO, the leading PropTech platform in the region, to enhance access to innovative property financing solutions for homebuyers across the UAE. The signing ceremony took place at the Bayut & dubizzle headquarters in Dubai Design District, where Amira Sajwani, Founder and CEO of PRYPCO, and Haider Khan, CEO of Bayut & dubizzle and CEO of Dubizzle Group MENA, formally exchanged and signed the agreement. The event was attended by senior executives and partners, marking

Expo City Dubai, the vibrant mixed-use development and legacy of Expo 2020 Dubai, has appointed real estate consultancy Savills to undertake leasing, property management and fit-out services for the commercial spaces within the development. The 3.5 sq km city has evolved into a sustainable innovative hub, now home to major international corporations including Siemens Industrial, Siemens Energy and DP World, alongside diverse retail and F&B concepts that cater to professionals and visitors across the development. Residential projects are also underway, underscoring the city’s 15-minute design principles and reinforcing its vision as a blueprint for sustainable urban living. Expo City Dubai is

betterhomes has released its Future Living Report 2025, based on a survey of 1,439 Dubai residents, revealing a decisive behavioural shift in the rental market. Tenant purchase intent has surged, signalling a structural change driven by rental affordability pressures, long-term residency plans and increasingly accessible mortgage solutions. Tenants move closer to homeownership More than half (55%) of tenants now plan to buy property within the next 1–3 years, a significant increase from 25% last year. Alongside this, 61% of prospective buyers expect to finance their purchase with a mortgage, underscoring strong end-user demand and a growing reliance on structured lending. Ownership patterns are diversifying,

SOL Properties, a leading UAE real estate developer and the premier development arm of the Bhatia Group, has successfully sold the Fairmont Residences Solara Tower Dubai’s triplex sky mansion, located in Downtown Dubai, for an impressive AED 174 million. This milestone stands as one of the highest residential transactions recorded to date in the Downtown Dubai – Burj Khalifa District. Strategically located within one of Dubai’s most iconic neighbourhoods, the remarkable sale highlights the substantial surge in the demand for high-end residential properties that offer both exceptional luxury and long-term value. Downtown Dubai remains one of the city’s strongest-performing districts, driven

Dubai’s real-estate market has entered a defining phase of resilience and maturity. In the first half of 2025 alone, total real-estate transactions exceeded AED 326 billion, marking a 39 percent increase compared with the same period last year. According to data from the Dubai Land Department, more than 118,000 property deals were completed by 94,700 investors, a clear reflection of growing global confidence in the emirate’s long-term fundamentals. Behind these figures lies more than a property growth; it represents the institutionalisation of the market into a stable, innovation-led ecosystem. In the first quarter of 2025, Dubai recorded AED 114 billion worth

Azizi Developments, a leading private developer in the UAE, has announced the 65% construction completion of the fourth phase of Azizi Riviera, its French Mediterranean-inspired waterfront community located in the highly sought-after Mohammed Bin Rashid City, amid Dubai’s most important business, leisure, and retail hubs. Within phase four, Riviera 67, 65, 63, 61, 59, and Azizi Azure have now achieved 100% completion.Work is also progressing swiftly across the remaining buildings - Riviera 69 has reached 95% overall completion, with finishes nearly finalized, while Riviera 55 stands at 94% with its overall finishes at 90%. Riviera 56 is 75% complete, with tiling,

Sobha Realty, a leading global luxury real estate developer, has been awarded a 4-Star Rating and a stellar score of 97 in the 2025 GRESB Real Estate Assessment. This achievement crowns a remarkable three-year ascent, with scores rising from 72 in 2023 to 91 in 2024 and now to 97, reflecting a deep, corporate-wide commitment to exponential improvement in sustainability. The 4-Star Rating, a distinction granted to only the top participants worldwide, underscores Sobha Realty’s transition from a regional leader to a recognized global force in environmental, social, and governance (ESG) excellence. This year, GRESB positioned Sobha Realty within a predefined peer

Dubai’s commercial property market posted one of its strongest months on record in October, with sales transactions rising 21.4% year-on-year to 1,274 deals valued at AED 12.3 billion — a 9.9% increase versus October 2024, according to Engel &Völkers Middle East, a leader in premium residential and commercial real estate services. The momentum was led by the office sector, where transactions surged 64% in volume and 98% in value, reflecting sustained demand for Grade A offices in established business districts such as Business Bay and Jumeirah Lakes Towers. Retail assets also saw remarkable growth, with sales volumes up 29% and the total

Leading sustainability and low carbon footprint lifestyle developer Fakhruddin Properties officially launched its flagship Dubai Islands project – Treppan Serenique Residences – at a gala VIP event held at Mandarin Oriental Jumeira, Dubai on 13th November. The dual tower Treppan Living branded projectwill occupy prime waterfront real estate on Island A of the sought-after five-island community and offers a premium resort lifestyle with a curated collection of 164 exquisite two- and three-bedroom apartments, ranging from 980 to 1,902 square feet, and offering panoramic sea, golf course, or island views. A total of 12 residential floors and two podium floors will be complemented