News

TownX, one of Dubai’s fastest-growing real estate developers with an AED 4 billion project portfolio, today announced that construction of Luma Park Views in Jumeirah Village Circle (JVC) is now 95% complete. The development comprises 600 apartments, offering one- to three-bedroom units with park views, and is on track for handover ahead of schedule. All major milestones have been achieved, with the structure and internal works completed, while internal finishes, MEP installations and snagging are in advanced stages. Luma Park Views blends luxury, smart technology and community living, with features including two sky pools, two Technogym-equipped gyms, and a vast internal garden

Nakheel, a member of Dubai Holding Real Estate, has awarded a contract worth AED 2.6 billion to Fibrex Contracting L.L.C. for the construction of the Bay Villas project at Dubai Islands. Featuring 636 luxury units across five distinct property types, Bay Villas represents Nakheel's newest waterfront community development. Building on Nakheel's existing relationship with Fibrex Contracting, which included collaborative work on the District One West community in Mohammed Bin Rashid Al Maktoum City (MBRAMC), Bay Villas will feature a range of exclusive residences, including Townhouses, Semi-detached Villas, Garden Villas, Waterfront Villas and Beachfront Villas. Residents will also enjoy access to premium

Nakheel, a member of Dubai Holding Real Estate, has awarded a contract worth AED2.6 billion to Fibrex Contracting for the construction of the Bay Villas project at the Dubai Islands. Featuring 636 luxury units across five distinct property types, Bay Villas represents Nakheel's newest waterfront community development. This partnership builds on Nakheel's existing relationship with Fibrex Contracting, which included collaborative work on the District One West community in Mohammed Bin Rashid Al Maktoum City (MBRAMC). Khalid Al Malik, Chief Executive Officer of Dubai Holding Real Estate, said, "Our partnership with Fibrex Contracting marks a key milestone for Bay Villas, a landmark project that

Park Properties, the newest venture under the esteemed Park Group umbrella, officially steps into the UAE real estate market with a commitment to delivering exceptional value, quality, and trust to buyers and investors. As part of its bold expansion strategy, Park Properties is actively growing its footprint across key emirates, targeting both prime waterfront and urban residential locations. Beyond its debut flagship project, the company is advancing multiple developments, including Park Beach Residence 1 and 2, premium beachfront properties that combine contemporary design with panoramic coastal views. These projects, along with other upcoming ventures, underscore the company’s ambition to cement its

Azizi Developments, one the UAE’s leading private developers, has announced the launch of Azizi David, its latest premium residential project in the prime Al Jaddaf district.The official unveiling will be held on Monday, the 18th of August 2025, from 9:00 am to 7:00 pm in the Grand Ballroom on the second floor of the Conrad Hotel, Sheikh Zayed Road. Outstandingly well connected and strategically situated on the banks of the Dubai Creek, Azizi David features a selection of studios, one- and two-bedroom apartments, and opulent penthouses. Residents will enjoy access to retail promenades and a wide array of lifestyle-enhancing amenities, including

Meraki Developers has announced the successful on-schedule handover of The Haven, a landmark residential community located in Majan, Dubailand. This delivery underscores the developer's commitment to providing a high-quality living experience to residents, who will call The Haven their home. The units are beautifully designed, maximising living spaces with elegant, warm aesthetics, appealing both to the young as well as the mature residents of the community. The Haven has been conceptualised as a contemporary residential enclave that blends urban accessibility with tranquil living. Featuring spacious layouts and premium interior finishes, the development also offers a comprehensive suite of high-end amenities designed

The rapid growth of the PropTech market holds significant importance for the UAE as the country continues to position itself as a global hub for innovation, real estate, and smart urban living. By integrating cutting-edge technologies such as AI, blockchain, Internet of Things (IoT), as well as Virtual Reality (VR) and Augmented Reality (AR), this will help drive enhanced efficiency, transparency, and customer experience across the real estate sector. The UAE’s PropTech sector, which was valued at AED 2.24 billion in 2024 is expected to nearly triple and reach AED 5.69 billion by 2030 at a Compounded Annual Growth Rate (CAGR)

Taraf, the real estate division of UAE-headquartered investment holding group Yas Holding, has officially commenced the groundbreaking of KARL LAGERFELD VILLAS, a landmark development that marks the brand’s debut in the Middle East residential market. This extraordinary project brings the legacy of the late fashion icon Karl Lagerfeld to life in one of Dubai’s most exclusive residential enclaves. Located in the heart of Meydan, and directly facing the crystal-clear lagoons, the development reflects Taraf’s ongoing vision to deliver timeless, design-first communities inspired by global creativity. The on-site ceremony, held on 30 July 2025, was attended by senior representatives from Taraf, design and

Binghatti Holding Ltd (“Binghatti Holding”), one of the UAE’s fastest growing real estate developers, celebrated the debut of its USD 500 million 5-year Senior Unsecured Sukuk on the London Stock Exchange with a ceremonial bell-ringing event, marking a key milestone in the company’s international growth journey. The sukuk, issued under Binghatti’s USD 1.5 billion Trust Certificate Issuance Programme, was oversubscribed five times, attracting over USD 2.5 billion in orders from a diverse pool of regional and global investors. The issuance was priced with a profit rate of 8.125%, reflecting investor confidence in Binghatti’s robust financial position. The company is rated BB-

The UAE’s real estate sector continues its remarkable growth trajectory, with over 96,000 transactions recorded in the first half of 2025, totalling AED 322 billion (USD $87 billion). From luxury residences and waterfront villas to iconic skyscraper developments, the broader property market is benefiting from strong domestic and international demand. “This trend is supported by robust policy initiatives, including foreign ownership reforms, which have attracted more ultra-high-net-worth individuals to the UAE than ever before,” said Josh Gilbert, Market Analyst at eToro. “Tax incentives, golden visas, and the UAE’s unmatched lifestyle continue to make the country a top destination for investors. Highlighting the