Nakheel, the Dubai-based world-leading master developer and member of Dubai Holding, has awarded contracts for the construction of infrastructure at Palm Jebel Ali. The contract for the construction of a public access road, providing access from Sheikh Zayed Road to Palm Jebel Ali, and a construction road serving the central portion of the Palm, has been awarded to DBB Contracting LLC. Established by the Dutco Group, DBB Contracting LLC and Dutco Construction Co. LLC are one of the leading civil and marine contractors in the UAE. When completed, the new public access road will offer a beautifully landscaped and convenient path,

High-net-worth-individuals (HNWI’s) around the world are prepared to spend US$4.4 billion on residential real estate in Dubai, according to global property consultancy, Knight Frank’s second annual 2024 Destination Dubai report. Knight Frank has surveyed 317 HNWI – 217 around the world and 100 GCC-based HNWI expats – to gain an understanding of their attitudes, appetite and aspirations when it comes to investing in real estate in Dubai. Collectively, the HNWI respondents have a net-worth of US$5.4 billion and own 1,147 homes around the world between them. Dubai has taken pole position as the most preferred emirate in the UAE for HNWI’s globally to purchase

Emaar Properties launched its latest masterpiece development, "The Heights Country Club & Wellness," with a grand event on May 20th at the Armani Dubai Hotel ballroom. A gathering of VIP guests, investors, and key stakeholders, the event heralded a new chapter in Dubai's luxury wellness living. The Heights Country Club & Wellness, which spans 81 million square feet and has a development value of AED 55 billion, is strategically designed to foster an environment of health and well-being, perfectly aligning with Dubai's leadership’s vision to enhance the quality of life and promote well-being across the emirate. Combining wellness and convenience, the development

EDGNEX Data Centres by DAMAC, a global digital infrastructure provider owned by the DAMAC Group, has announced investments into the Indonesian market with a state-of-the-art data centre to be built in Jakarta. With the first phase scheduled for completion in the fourth quarter of 2025, the announcement is a significant step in the company’s strategic efforts to support digital economies and the vibrant start-up ecosystem in Southeast Asia’s (SEA) fastest-growing economies. EDGNEX is providing a foundation for innovation and disrupting the data centre market by providing advanced technology to cater to increased demand from Cloud Service Providers (CSP) and Artificial Intelligence

DAMAC Properties, the leading luxury real estate developer in the UAE, has announced the successful launch of Phase Two of LAGOON Views within the vibrant and strategically-located DAMAC LAGOONS development. Following a record sell-out of phase one, the latest release aims to cater to the growing demand for comfortable and modern living in a serene waterfront setting. Phase Two introduces 600 Mediterranean-inspired one and two-bedroom apartments spread across nine buildings nestled in DAMAC LAGOONS. The interiors of these residences are designed with neutral colour schemes, enhancing the sense of understated luxury and creating a calming atmosphere. Large balconies extend the living

Luxury Owners Association Management Services LLC, LOAMS, the community management arm of DAMAC Properties has signed a Memorandum of Understanding with Real Point & Zee Matrix to provide consultancy services for their portfolio in line with recent circulars from RERA related to the update of assets on Mollak and mandatory Reserve Fund studies. The Dubai-based Zee-Matrix is authorised to provide thorough real estate inspections according to UAE and global standards, completely adhering to local regulations, as well as the standards and laws of the Dubai Land Department (DLD), Real Estate Regulatory Authority (RERA), Dubai Municipality, Dubai Civil Defense, and DEWA. Located in UAE, RealPoint is

Prestige One Developments has announced a new wave of luxury developments valued at over AED 1 billion. As a leading developer, the company has consistently launched projects that epitomise luxury and innovation. Building on the success of past ventures, Prestige One Developments is steadfast in its commitment to bringing more world-class projects to Dubai. Recently, the company has unveiled several flagship projects in major areas of the city. One of the latest to join their lineup is The Waterway, strategically located in Mohammed Bin Rashid City. This project is poised to offer an exclusive lifestyle with direct access to crystal lagoons and

Leading UAE Prop-Tech company, Keyper, announces a pre-series A capital raise of US$4 million in equity. This round was led by top regional venture capital firms BECO Capital and Middle East Venture Partners (MEVP), with participation from existing investors; Vivium Holding, Jabbar Group, Signature Developers, and new investors; Annex Investments, Pin Investment, Al Qahtani Investment, among other strategic angels. The company also signed a term sheet agreement for an additional US$30 million in Shariah-compliant Sukuk financing from global asset manager Franklin Templeton Investments (ME) Ltd bringing its cumulative capital raised to-date to over US$40 million. Keyper will invest the fresh funds

Azizi Developments, a leading private developer in the UAE, is collaborating with Wallmax, the renowned American manufacturer, for the supply and installation of wall coverings across six buildings in the fourth phase of Azizi’s mega-project Riviera, located in the heart of MBR City. American manufacturerWallmaxis renowned for providing contract-grade wallpaper from Europe and North America, serving the Middle East and India in the hospitality, commercial, and residential sectors. With over 500 durable, fire-retardant, and antimicrobial wallcoverings, Wallmax stays on-trend with centralized Dubai warehouses for quick deliveries. 'Wallmax Digital' offers bespoke designs in collaboration with architects, turning imaginative visions into reality. In his

In support of Dubai's Economic Agenda D33 and its ambitious goals to make Dubai a major innovation hub; Dubai Land Department (DLD) has launched the Real Estate Evolution Space Initiative - ‘REES’, which will gather thought leaders and industry professionals to spur a wave of progress capable of redefining the urban landscape. The extraordinary event brought together over 200 sector partners, elite officials, and experts. It featured several sessions and debates on the main trends of the international real estate technology market, exploring opportunities and potential with participation from 25 specialized companies, including 11 exhibitors and 14 companies represented by panelists. Alongside