News

Azizi Developments, a leading private developer in the UAE, has signed an agreement with Atec Pools, the top swimming pool construction and maintenance company,for the supply of high-end swimming pool equipment for its mixed-use development, Azizi Venice, in Dubai South, and the fourth phase of its mega-project, Riviera, located in the heart of MBR City. Spanish Atec Poolsis renowned for its innovative designs and high-quality craftsmanship. It specializes in custom pool designs, renovations, upgrades, and comprehensive maintenance, using premium materials and advanced techniques. Committed to sustainability, it offers eco-friendly options and smart pool technology for easy control. The client-centric approach ensures

PNC Investments LLC (PNCI), the parent company of Dubai-based residential developer Sobha Realty, received an affirmation of Ba3/stable corporate family rating (CFR) from Moody's Ratings, an international rating agency. Additionally, the agency has upgraded the senior unsecured rating of PNCI's sukuk, issued by Sobha Sukuk Limited, from Ba3/stable to Ba2/stable. Being a renowned and trusted name in the real estate sector, Sobha Group has continuously delivered excellence in the realm of luxury residential and commercial development, reflecting its unwavering commitment to quality, innovation and customer satisfaction. The foremost backward integrated company known in the world with all the key competencies and

Dubai's real estate market has seen a significant increase in interest from European buyers, particularly from countries such as France, Germany, the UK, the Netherlands, Sweden, Switzerland, Austria, Belgium, and Norway. This growing interest underscores Dubai's appeal as a prime destination for individuals seeking luxury properties that align with their lifestyle, values, and long-term investment goals. In Q2 2024, the market achieved a record-breaking milestone with transactions totaling $34 billion, marking the highest volume and value ever recorded, according to Property Finder. Diana Nilipovscaia, CEO of MERED, highlights what European buyers typically look for when investing in luxury real estate

Azizi Developments,a leading private developer in the UAE, has signed an agreement with International Foundation Group LLC, which specializes in deep foundation and ground solutions, for the piling, shoring, excavation, and dewatering works for Azizi’s second tallest tower in the world, Burj Azizi, located on a prime plot of land on Dubai’s Sheikh Zayed Road. International Foundation Group (IFG LLC) is a major Emirati expert in deep foundation and ground solutions, renowned for quality and timely project completion. IFG is the fastest-growing Middle Eastern micro-tunneling company, distinguished by its reliance on internal expertise and cutting-edge equipment from top European and Japanese

As a holistic platform that empowers UAE’s real estate with its wide-ranging user-centric features, dubizzle has been a go-to choice for home seekers, investors and renters searching for properties in Dubai. The leading online marketplace is a progressive wing of the Dubizzle Group. Analysis of dubizzle’s search trends in H1 2024 has painted an all-inclusive picture of Dubai’s real estate market during the first half of the year. Moreover, the official DLD data has also hinted at unwavering market growth as total sales transaction volume increased by 12.2% compared to H2 2023. With a steady rise in property prices and ballooning scope

As part of its ongoing efforts to ensure compliance with regulations standards in the real estate sector, Dubai Land Department (DLD) has announced the results of inspections and control of real estate brokers, companies, and projects during the first half of 2024. This initiative aims to regulate the field and enforce the laws that enhance the attractiveness and stability of Dubai's market. According to statistics released by Dubai Land Department, the Real Estate Control Department conducted 450 field inspection tours on companies and real estate projects, and 1,530 inspections on associated advertisements during the same period. As a result, over 1,200

Award-winning real estate brokerage company, DRE, announces the opening of its new Headquarters located in the prestigious Dubai Hills Estate. Spread across 14,000 square feet, this state-of-the-art space will house over 150 employees and serve as the regional base for DRE's operations across the UAE and beyond. With 17 years of experience in the Dubai real estate market, DRE is renowned for delivering premium services including buying, selling, renting, and property management. Founded by sibling-duo, Qurat Ul Ain and Mudasir Wani, DRE's success story exemplifies how family values combined with professional excellence can thrive in UAE's competitive market scene. Aesthetically designed and featuring advanced

HiLITE Realty, the leading luxury multi-development realtor in South India, is entering the lucrative real estate markets of the GCC, including the UAE, vowing to redefine the way residents "live, work and play" in these markets. The company has set up a sprawling strategic and operational centre on the entire 112th floor in the magnificent Burj Khalifa, Dubai, signalling its mission to make a strong impact in the prestigious UAE market and to kick off its global diversification plans. "We are not just building spaces, we are creating communities, fostering growth, and inspiring a brighter future for generations to come. The office

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