According to the Asteco Q22024 real estate report, Dubai’s strong economy and attractive lifestyle remain major draws for expatriates. Dubai’sunderlying fundamentals are robust, driven by high equity in the real estate market, continued economic growth, infrastructure development and a growing population. The report also highlights that Abu Dhabi’s real estate market is set for continued growth in 2024, supported by government initiatives and robust economic fundamentals. Meanwhile, the Northern Emirates are poised for sustained development, underpinned by strategic planning, attractive affordability, and increased investments. Abu Dhabi Residential and Office Market According to the report, the Abu Dhabi market saw the delivery

LEOS Developments, the award-winning British-born international property developer, is proud to announce the groundbreaking of their latest luxury development, Cavendish Square in Jumeirah Village Triangle (JVT). This marks a significant milestone in the project, which is set to redefine elevated living in Dubai and set a new benchmark in the peaceful residential neighbourhood of JVT. Cavendish Square, a testament to LEOS Developments' commitment to quality and innovation, is a contemporary low-rise residential and lifestyle community home to 138 modern apartments including studios and one-bedroom apartments, that blend contemporary architecture with sophisticated interiors. The development promises to provide residents with an unparalleled

Alef Group, the leading real estate developer in Sharjah, has announced the launch of the Nama 4 building within its premium-Al MamshaRaseel development, located in Zone 3. Nama 4 is a part of Al MamshaRaseel, situated within Zone 3 of Alef Group's Al Mamsha development, Sharjah's inaugural pedestrian-friendly community. The Nama cluster consists of 1,029 units spread across 6 buildings, with Nama 4 featuring 198 units, including 1-bedroom, 2-bedroom, and 3-bedroom apartments. Alef Group CEO IssaAtaya said: "We are proud to announce the successful launch of Nama 4 within Al MamshaRaseel. Aligned with Sharjah's development goals, Alef Group has dedicated extensive efforts

Dubai’s real estate market has enjoyed another bumper month, with property sales in July reaching a new peak for 2024 at AED 49.6 billion, a 31.63% increase in value on the same month last year. A market update issued today by fäm Properties reveals that last month’s total of 15,994 transactions represented a 43.2% increase in volume over July 2023. The most expensive individual property sold in July was a luxury villa at Eome Residences, Palm Jumeirah, which fetched AED103 million. Apartment sales for last month showed the biggest rise, with 12,429 units, a month-on-month increase of 59.1%, selling for AED22.3 billion. The total

Driven Properties, Dubai’s renowned real estate brokerage, announces its successful facilitation of the sale of the largest plot in Business Bay. The sale marks a significant milestone for the area, paving the way for a new, sustainable office park. The premium office park by Lamar Development will serve as a welcome addition to the area, addressing the critical shortage of Grade A office spaces in Business Bay and the city at large. With neighbouring off-plan office developments seeing prices that exceed AED 7,000 per square foot, the sale solidifies Driven Properties’ position as a trusted provider, even in the face of

DAMAC Properties is pleased to announce the signing of a new contract with Modern Building Contracting Co. (MBCC), one of the leading construction companies in the UAE. This partnership marks a significant milestone in the development of a 52-storey tower that will feature 294 luxurious apartments. “We are excited to partner with MBCC on this landmark project. Their proven track record and dedication to excellence align perfectly with our vision for this development. This 52-storey tower will not only enhance the skyline but also set new benchmarks in luxury living,” said Mohammed Tahaineh, General Manager of Projects at DAMAC. Under this contract,

Azizi Developments, a leading private developer in the UAE, has announced the 97% construction completion of Amber, its premium condominium project in Dubai’s highly acclaimed growth corridor, Al Furjan.Comprising a mix of studios, and one, two and three-bedroom residences, Amber is set for completion in Q3 of 2024. Amber’s structure, blockwork, internal plaster, MEP, and HVAC are now fully completed, along with the tiling, swimming pool, and elevator works. External works and façade works are 90% and 98% complete, respectively. Overall finishes are now at 98%. The total workforce has reached 190. In his comments, Mr.Farhad Azizi, CEO of Azizi Developments, said:

DAMAC Hotels and Resorts and Paramount Hotels proudly hosted a successful three-day event in celebration of International Self Care week, aimed at promoting holistic well-being and pampering cast members from Paramount Hotels and DAMAC Maisons. The event, which took place during the self-care week, included engaging panel discussions in the iconic Screening Room at Paramount Hotel Dubai, yoga and sound healing session at Malibu Sky Lounge at Paramount Hotel Midtown and a strengthening session hosted at the newly opened DAMAC Maison Aykon City. The panel talk was moderated by the dynamic Laura Naylor, renowned radio presenter from Dubai92, TV presenter, and

Savills, a global real estate services provider, released the findings of its latest Prime Residential World Cities Index, which revealed that Dubai topped the rankings of 30 global cities for rental value growth, and ranked 5th for capital value growth in the first half of 2024. Rental performance Dubai topped the index with gains of 12.1%, followed by Bangkok (9%) and Lisbon (7.5%). These markets have very strong lifestyle credentials and there is also an element of corporate relocations which are driving demand in these cities, Savills research revealed. Prime real estate rents in Dubai, the top performer in the index, have been on

Elite Merit Real Estate proudly announces its entry into the Dubai real estate market, bringing a fresh and innovative approach to property transactions. Founded by Shadi Rimeh, Elite Merit plans to enhance the real estate service with transparency, integrity, education and technology. Co-founders Shadi Rimeh and Elkhan Salikhov identified a need for substantial improvements in the industry, aspiring to elevate the professionalism and efficiency of real estate transactions. Their vision is to create a more accessible and straightforward market for clients, ensuring a seamless and rewarding experience. “Our mission is to revitalize the real estate business through innovation and trust,” said Shadi