Kleindienst Group, a leading global business conglomerate and the master developer behind The Heart of Europe, has announced the successful sell-out of the first phase of its AED 1 billion Marbella Resort Hotel, Vignette Collection by IHG Hotels and Resorts on the World Islands. The exclusive launch event attracted over 2,000 visitors, highlighting the strong demand for luxury properties in Dubai’s thriving real estate market. The first phase of the beachfront development, located on the main Europe Island, was sold out within 8 hours, underscoring the significant interest across various nationalities, including UAE nationals, Saudis, Indians and Europeans. Sarah Ali, Chief Operating

Bas Kooijman, CEO and Asset Manager of DHF Capital S.A., cites that the UAE has become a prime destination for high-net-worth individuals (HNWIs), with a record 6,700 millionaires expected to call the UAE home by the end of 2024;if this forecast is met, it will result in the country boasting nearly twice as many HNWIS as the United States’ 3,800 millionaires and Singapore’s 3,500 high-net-worth individuals by the year’s end. Furthermore, the number of ultra-high-net-worth individuals (UHNWIs) is expected to rise a further 60% by 2026, positioning Dubai as the city with the highest concentration of wealthy individuals in the Middle

Novvi Properties proudly announces the launch of the Cyber Beast, a customized Cybertruck integrated into their fleet. This innovative addition is set to revolutionize client experiences, making property viewings and outings unique and memorable. As the first real estate company in the UAE to adopt the Cybertruck, Novvi Properties is once again at the forefront of providing exceptional service and innovation. The introduction of the Cyber Beast is a significant move that aligns with Dubai Chambers’ recent initiative to improve customer happiness and experience, launched last year. This initiative by the government highlights the importance of superior client service, which Novvi

Engel & Völkers Middle East, known for its residential and commercial real estate services in the premium segment, has released its latest market report for June, highlighting the ongoing resilience and growth of Dubai’s real estate market. Despite a pullback from May's record-breaking performance, June saw a substantial increase in residential transactions, while the commercial market demonstrated strong underlying strength and resilience. “Our June report underscores the dynamic and resilient nature of Dubai’s real estate market; the ongoing growth in both residential and commercial sectors reflects the city’s strong economic fundamentals and its attractiveness to global investors. We remain optimistic about

haus & haus Real Estate has just published its industry leading Dubai Area Reports for Q2 2024, revealing key findings that will help guide those considering making a move in the months ahead. Combining insights from the company with notable trends observed on Property Monitor and backed by Dubai Land Department (DLD), there are 33 reports spread across 30 communities – plus a separate Off Plan report. Q2 highlights include: 40,480 properties transferred Total sales over AED 104 billion in Q2 2024, compared to Dh52 billion in Q2 2023 Off Plan properties made up 63% of all property sales 78 new projects

His Highness Sheikh Rashid bin Saud bin Rashid Al Mualla, Crown Prince of Umm AlQuwain, witnessed the signing of a partnership agreement between Umm Al Quwain Properties and Sobha Realty to launch a luxury real estate project on Al Siniya Island, Umm Al Quwain. The agreement was signed at Al Diwan Al Amiri by Sheikh Mansour bin Ibrahim Al Mualla, Managing Director, on behalf of Umm Al Quwain Properties, and PNC Menon, Chairman and Founder of Sobha Group. Al Siniya Island project will offer residents an array of unique amenities, such as a family golf course, floating pavilion, event halls, helix bridge,

Azizi Developments, a leading private developer, has signed an agreement with UAE-based company Unigulf Development for the supply of high-quality soft thermal insulation material for its mixed-use Dubai South development, Azizi Venice,and the fourth phase of its mega-project, Riviera, located in the heart of MBR City. Founded in 1998, Unigulf Development LLC is a key player in sustainable solutions across renewable energy, green IT, and sustainable agriculture. The company previously transitioned from biomass technologies to innovative energy solutions, including a patented system for converting mechanical movement into electricity, and addresses water scarcity and promotes sustainable farming. Community engagement and strong corporate

Offa, the UK’s first Shari’ah-compliant bridge finance fintech, has today launched an innovative new buy-to-let finance (BTL) service providing fast funding decisions for British expats, delivered via a modern paperless process. Powered by next-generation technological innovation, Offa’s BTL service replaces legacy finance systems with its flexible and ethical Islamic property finance solutions, and end-to-end digital processes making it fast and easy for expats to apply and get a quick decision. These Islamic BTL products are available to new and seasoned British landlords living in the Gulf Cooperation Council (GCC) states, Australia, the European Union, Canada, Singapore and Brunei. Sagheer Malik, Offa’s Chief Commercial

MS Homes Developers announces its debut project in Dubai's booming real estate market with the launch of 'ILUKA Residences', an eight-floor residential building providing elevated lifestyle and sophisticated living, located on Marina Boulevard, in the heart of Dubai Islands.  ILUKA Residences offers 57 luxury apartments ranging from 1 to 4-bedroom units. Handover is set for the third quarter of 2026. After successfully delivering over 20,000 residential units since its inception in 1983 in Pakistan, MS Homes Developers expanded into the United States, the United Kingdom and the Middle East. Its recent entry into the UAE market and its first project in

Emaar Properties held its mid-year internal staff rally, a quarterly gathering where Emaar's leadership reviews and shares the Company's operational performance and way forward with the staff. During the rally, Emaar presented significant milestones and achievements across all areas of its operations. Commenting on the company's performance in the first half of 2024, Mohamed Alabbar stated: "Our performance in H1 2024 shows Emaar's relentless pursuit of excellence and innovation. We are not just managing businesses; we are shaping legacies and transforming communities for a prosperous future." Some of the highlights presented during Emaar's H1 2024 Rally include: Emaar Development saw remarkable progress with