News

Engel &Völkers Middle East, known for its residential and commercial real estate services in the premium segment, announces the launch of its new Development Services department, catering to the specific needs of developers, builders, and investors in the region. As Dubai's real estate market continues its rapid growth, the demand for specialized services that can guide developers through this competitive landscape has never been greater. Engel &Völkers Development Services is poised to offer expert consultancy at every stage of the construction process, from land acquisition and concept creation to sales, marketing, and branding strategies. Daniel Hadi, CEO of Engel &Völkers Middle East,

MAJID Developments, a premier real estate development company marks its entrance in Dubai's real estate market with the launch of Mayfair Gardens, a residential community building in the heart of Dubai. Majid Developments is not just another name in the real estate market, it's a brand built on a legacy of delivering superior craftsmanship and innovative design around the globe. The company has earned a stellar reputation for quality and reliability. Each project under Majid Developments is a testament to its unwavering commitment to excellence, ensuring that every detail, from the foundation to the finishing touches, is executed to perfection. With a

MAJID Developments, a premier real estate development company marks its entrance in Dubai’s real estate market with the launch of Mayfair Gardens, a residential community building in the heart of Dubai. Majid Developments is not just another name in the real estate market, it’s a brand built on a legacy of delivering superior craftsmanship and innovative design around the globe. The company has earned a stellar reputation for quality and reliability. Each project under Majid Developments is a testament to its unwavering commitment to excellence, ensuring that every detail, from the foundation to the finishing touches, is executed to perfection. With a

Samana Developers, one of the leading and the fastest growing developer in Dubai, today made its debut in waterfront properties with the launch of two new projects worth Dh660 million. Samana Ocean Pearl 1 and Samana Ocean Pearl 2 on Dubai Islands were sold out in just two hours. Samana Developers revealed it has purchased more plots on Dubai Islands and planned to unveil new projects in coming days to meet the demand. Set against the backdrop of the Arabian Gulf, Samana Ocean Pearl projects on Dubai Islands introduce a new set of waterfront living. Both projects, spanning 237,913.20 square feet each,

Dubai is experiencing an accelerating renaissance in the real estate sector. Since the beginning of 2023 and 2024, it has attracted many international real estate developers, in conjunction with a rebound in the real estate market, which is growing dramatically according to the SAVIllS World Housing Cities Index. "Loutraki" Aussie Real Estate Development which operates under the umbrella of "Nucorp Constructions" International Project "Santorini Residences", launched in Dubai yesterday. The luxury residential project is a model of sustainability with modern specifications that serve the green environment. According to the Australian company's statement, the Santorini Residences project has been adding to global

Bayut, the leading property portal in the UAE, today announced the launch of TruBroker™, a first-of-its kind agent rewards and recognition programme designed to elevate the property search experience. In the UAE’s highly competitive property sector, finding reliable agents and accurate property listings can be challenging. Users seek transparency, accountability, and high-quality service to ensure a smooth and efficient property search process. Bayut’s new feature addresses these needs by introducing a merit-based system with performance badges and a competitive leaderboard, promoting excellence among agentsin a competitive yet collaborative environment. Users benefit from a pool of highly motivated and reliable agents, while

Azizi Developments,a leading private developer in the UAE, has announced the height of Burj Azizi, located on a prime plot of land on Dubai’s Sheikh Zayed Road, which will stand 725m tall, making it the second tallest in the world. The 131+ storey skyscraper will launch for sales in February 2025, and is scheduled for completion by 2028. It will feature a unique all-suite seven-star hotel inspired by seven cultural themes, alongside residences that include penthouses, apartments, and holiday homes. Burj Azizi will also offer a range of amenities, such as wellness centers, swimming pools, saunas, cinemas, gyms, mini markets, resident

As part of its ongoing efforts to enhance transparency and fairness in the real estate market, the Legal Support Section at Dubai Land Department has organised a focused workshop for real estate developers. The workshop aimed to strengthen collaboration and partnerships, exchange knowledge on best practices in the real estate sector, and provide a safe and transparent investment environment for both developers and buyers. The session highlighted the provision of comprehensive information regarding the rights and obligations of the parties involved in real estate sales contracts, with a clear explanation of the legal procedures necessary to ensure the protection of everyone’s

Dubai-based property brand Binghatti announces the launch of Binghatti Royale in Jumeirah Village Circle (JVC). The launch comes in response to the soaring demand for Binghatti projects in the area following the rapid sell-out of back-to-back projects, some recording sell-out periods as quick as 24 hours. Binghatti Royale is features a unique circular architectural identity. The building features 354 residential units ranging from one to three-bedroom apartments and 16 retail spaces across 47 floors. “We are thrilled to announce the launch of Binghatti Royale in Jumeirah Village Circle. The rapid sell-out of our recent projects highlights the market’s substantial demand for our

Dubai’s real estate market has experienced another strong month, with property sales in August totalling AED 47.3 billion, a 40.8% increase in value on the same month last year. A market update issued today by fäm Properties reveals that last month’s total of 16,159 transactions represented a 36.9% increase in volume over August 2023, while the average price per sq. ft rose 6.1% to AED 1,493. The most expensive individual property sold in August was a luxury apartment at the Dorchester Collection in Business Bay, which went for AED 139 million. Land sales for last month showed the biggest increase, with 1,396 plots,