Emaar Properties, the prime real estate development company, has completed the detailed design of “Dubai Square,” set to become the second-largest shopping and entertainment mall in Dubai Creek Harbour. This significant project represents a step in establishing Dubai as a prime global destination for shopping and leisure. “Dubai Square” will feature breakthrough technologies and innovative concepts in retail, dining, and entertainment, offering an unparalleled experience that goes beyond traditional shopping environments. “Dubai Square” is characterized by its advanced technologies, and contemporary and innovative design and will be linked to the new Dubai Creek Tower, giving it a distinctive position in the heart

Nakheel, the Dubai-based world-leading master developer, has appointed a contractor for the construction of Rixos Bay Residences and Villas, part of Rixos Dubai Islands, Hotel & Residences, the exclusive contemporary waterfront residential retreat offering sophisticated beachfront homes and upscale amenities. The contract for the construction of Rixos Bay Residences and Villas has been awarded to Sembol Construction, with work set to commence soon. Established in 2000, Sembol Construction is renowned in the global market as well as in the UAE for their breathtaking projects. By working across different regions, the company has built complex and challenging developments within set timelines and budgets. Part

Arsenal and Sobha Realty have today announced a new long-term vision for their partnership which will see the Dubai-based luxury real estate developer becoming the club’s first ever training ground naming rights partner,and the training ground being renamed as Sobha Realty Training Centre. As part of the same agreement, Sobha Realty becomes a Principal Partner of Arsenal and the official training kit sleeve partner for the club’s men’s and women’s teams. The partnership will see Arsenal benefit from Sobha Realty’s unrivalled expertise in property and real estate to explore the development opportunities at the club’s training ground. This supports the ambition to

Following the successful launch of the Keturah luxury concept in Dubai, MAG, one of the leading real estate developers in the UAE, announced its international expansion with the launch of Stabio Garden Living by Keturah, a new project in Stabio, Switzerland which will be developed in partnership with A++ Group, a recognised leader in real estate design and development. Valued at AED 781 million (CHF 185 million), the project will embody the Bio Living concept that incorporates nature into the built environment to improve its occupants’ physical, mental and emotional health. Stabio Garden Living by Keturah incorporates 180 units across 14 buildings

As the UAE continued to demonstrate resilience in the face of challenging global economic conditions, the real estate sector witnessed robust growth across all the major asset classes in 2023, revealed JLL’s ‘A Year in Review’UAE report. Faraz Ahmed, Research Director at JLL MENA, said: “Throughout 2023, the UAE’s real estate industry remained a top performer, particularly the office and residential sectors where there was a substantial increase in stock driven by strong demand. With the government focused on strengthening and diversifying the country’s economy, real estate will continue to be a key driver owing to the robust demand and favourable investment

The real estate and properties transactions valued at 14.2 billion in total during the week ending 26 January 2024. The sum of transactions was 4,123. 312 plots were sold for AED 2.95 billion, 2,696 apartments and villas were sold for AED 5.84 billion. The top three transactions were a land in Al Barshaa South Second sold for AED 210.1 million, followed by a land that was sold for AED 103.74 million in Saih Shuaib 2, and a land sold for AED 100 million in Saih Aldahal in third place. Madinat Hind 4 recorded the most transactions for this week by 133 sales transactions

Arada has reported a doubling of sales during 2023 to AED7.02 billion following unprecedented demand for its premium communities in Sharjah and Dubai. The master developer saw a 100 percent increase in the total value of property sold compared to the previous 12 months, buoyed by continued international interest in the UAE property markets. In total, Arada sold 2,824 homes in 2023, a 25 percent gain on the previous year, once again reflecting the recent trend of buyers investing in larger and higher-value villas and apartments. During the year, Arada also completed 2,610 homes at the AED35 billion Aljada megaproject, Sharjah’s largest mixed-use

PNC Menon, Founder and Chairman of Sobha Realty, a leading luxury real estate developer in the UAE, contributed AED 5 million to the BAPS Hindu Mandir, the first hand-carved temple being built in Abu Dhabi, to enhance its facilities and services offered to devotees. This reflects Sobha Realty’s unwavering commitment to its Corporate Social Responsibility (CSR), which focuses on fostering an inclusive, prosperous, and harmonious society. It also emphasises the developer’s dedication to promoting cultural diversity, peace, tolerance, and religious harmony in the UAE. PNC Menon, Founder and Chairman of Sobha Realty commented: “It is a great honour and privilege to contribute

Azizi Developments, a leading private developer in the UAE, announced the 90% construction completion of Creek Views II, Azizi’s AED 350 million luxury development on the shores of the iconic Dubai Creek in Dubai Healthcare City. The highly esteemed development is scheduled for handover by Q12024. Creek Views II’s unique design represents Dubai’s journey from its traditional past to a modern, reinvented future. It is strategically located in the most central part of the city and offers excellent connectivity. It comprises 587 residences across 116 studios, 436 one-bedroom apartments, and 35 two-bedroom residences, featuring two swimming pools, a sauna, a steam

The UAE’s property market will see the delivery of 42,000 residential units across Dubai and Abu Dhabi in 2024. Approximately 34,000 units are scheduled to be delivered in Dubai, while 8,000 units are anticipated in Abu Dhabi this year, according to a report from global real estate services company JLL. The outlook is consistent with Dubai’s booming real estate sector last year, which witnessed an uptick in its supply of new residential units in 2023. According to JLL, 36,000 new homes were delivered last year, with apartments comprising the majority, which raised the total stock to over 719,000 units. Similarly, in Abu Dhabi,