Sobha Realty, a leading real estate developer, renowned for its quality, innovation, craftmanship and enriched living experiences, is set for a significant leadership transition. PNC Menon, the visionary Founder and Chairman of Sobha Group, will retire from his active role as Chairmanship, while continuing as the Founder of Sobha Group. Effective November 18, 2024, Ravi Menon, a distinguished leader with an exceptional track record as Co-Chairman of Sobha Group, will assume the role of Chairman of the Group. PNC Menon, the Forbes listed billionaire, began his journey with humble origins in India. His pursuit of excellence led him to Oman, where

Azizi Developments, a leading private developer in the UAE, has announced its partnership with Larsen & Toubro, the multinational conglomerate, for the supply of top-tier MEP isolators across various projects in Dubai South, MBR City, Dubai Studio City, Al Furjan, Dubai Sports City, and Dubai Healthcare City, including Azizi Venice, Riviera, Azizi Vista, Azizi Central, Azizi Grand, and Creek Views III. Larsen & Toubro (L&T), established in 1938, stands as a global powerhouse in engineering, construction, manufacturing, technology, and financial services. Renowned for its robust international footprint, L&T operates through key divisions like L&T Construction, L&T Technology Services, L&T Finance Holdings,

Short term rentals in Dubai are reshaping the rental market, as we know it, with a 30%  increase in demand compared to this time last year. Industry Experts claim that the trend is revolutionizing the region’s real estate scene, offering remarkable returns for savvy property owners, and attractive accommodation options to visitors. “Over the past year, we have seen short-term rentals in Dubai surge, with a 30% increase in bookings due to rising tourism and a demand for flexible living options,’ explains Myles Rothwell, Managing Director at Edwards and Towers, a leading real estate brokerage and surveying practice in Dubai. “This

Amaal, an innovative real estate developer, announces its launch into the UAE market with a commitment to redefining urban living. By seamlessly blending sophisticated design with modern convenience, Amaal is set to revolutionise the real estate landscape, delivering residential masterpieces that cater to the evolving demands for an elevated living experience. At the helm of this ambitious initiative is Abdulla Lahej, Chairman of Amaal and Founding Partner of Ayana Holding. Under his strategic guidance, Amaal is established with the strength of Ayana Holding, a network of companies globally renowned for its expertise in construction, architectural design, infrastructure, and real estate sales.

Dubai business park operator TECOM Group has announced an investment of 340 million UAE dirhams ($93 million) to develop Grade A office spaces in Dubai Internet City with the launch of the new Innovation Hub Phase 3, which is set for completion mid-2027. The latest announcement will take the group’s total investments to AED 2 billion, which includes the acquisition of new commercial and industrial assets as part of an AED 1.7 billion strategic plan announced in May. The acquisition of additional land further expands TECOM Group’s managed land leasing portfolio to 179 million sq ft.

Azizi Developments, a leading private developer in the UAE, has announced that construction at Creek Views III,its AED 350 million luxury development on the shores of the iconic Dubai Creek in Dubai Healthcare City, has kicked off on a high note, recording a 5% construction completion, and is scheduled for handover inQ12026. Creek Views III is the latest addition to Azizi Creek Views in the heart of Dubai Healthcare City. Strategically located in the most central part of the city, the development comprises a total of 290 units including studios, one-bedroom, two-bedroom, and three-bedroom apartments, along with other lifestyle-centered amenities, including

Metropolitan Capital Real Estate (MCRE), a leading full-service real estate agency, has announced exceptional results for the first half of 2024, further solidifying its position as the leading brokerage in Abu Dhabi. MCRE successfully closed a remarkable 642 transactions, totaling nearly AED 3 billion in sales value, with off-plan deals alone contributing AED 1.8 billion. The total sales in H1 represent a substantial increase compared to the same period in 2023, with sales surpassing the AED 1.9 billion mark – a 58% increase. The average transaction value for H1 2024 climbed to AED 5.5 million, a significant increase of AED 2.5 million

NOVVI Properties is thrilled to announce the continuation of “The Art Of Closing” series over the next five years, outlining an ambitious vision for success for the UAE’s real estate industry. This initiative aims to elevate industry standards, provide continuous professional development for real estate agents, and foster a culture of success within Dubai's dynamic market. NOVVI Properties previously held its first edition of The Art of Closing in June, at the world renown Museum Of The Future hosted by Daniel G. Named the world’s top sales trainer in 2023, Daniel G has led over 510 sales training events and focuses

Dubai Land Department (DLD) has signed an agreement with seven developers in Dubai to grant them the authority to use DLD’s registration systems to manage their real estate transactions. This initiative aims to strengthen cooperation with the private sector and enhance the services provided to the public through the department's electronic systems, contributing to reducing transaction times and simplifying procedures. The agreement includes Emaar Properties, DAMAC, Binghatti Properties, Aldar Properties, Sobha Realty, and Azizi Developments Danube. These companies will use the advanced registration systems developed by DLD to provide high-efficiency and quality services to Dubai Land Department customers. Majid Al Marri, CEO

In line with the UAE’s Net Zero by 2050 Target and 2050 Clean Energy Strategy, Dubai Investment Real Estate (DIR), a leading real estate developer in the UAE, Al Mujama, a leading Owners Association in the UAE, Yellow Door Energy (“YDE”), the leading sustainable energy provider for businesses in the Middle and Africa, and Clyde Engineering, today successfully inaugurated a 1.2megawatt-peak solar power system. The solar power system is spread across 9 residential buildings in the premier residential community of RITAJ, located in Dubai Investments Park. Over 2,000 solar panels have been installed on the roofs of the buildings, producing 1.9