Magnom Properties, a subsidiary of Saudi Arabia’s Rawabi Holding, has announced a groundbreaking achievement for its upcoming Forbes International Tower, as it becomes the first tower in the world to officially register for the International Living Future Institute (ILFI) Zero Carbon Certification. The new milestone brings Magnom Properties one step closer to delivering the lifecycle net negative carbon vision of the futuristic Forbes International Tower, planned in Saudi Arabia, the UAE, and Egypt. US-based ILFI‘s Zero Carbon Certification is a third-party verified, industry-recognised standard with some of the most robust sustainability requirements to verify the operational and embodied carbon emissions of

Springfield Properties, a premier real estate brokerage in Dubai, reports substantial growth in the off-plan property market during the first half of 2024 (H1). This surge is indicative of the robust demand and investor confidence in Dubai’s real estate sector, fuelled by strategic developments and favourable economic conditions. July 2024 set a new peak in property sales, reaching $13.5 billion (AED49.6 billion), a 31.63% increase over the same month last year. The month saw 15,994 transactions, a 43.2% rise compared to July 2023. Farooq Syed, CEO of Springfield Properties, said: “The exceptional performance of Dubai’s real estate market in H1 2024 underscores

Dubai South Properties has announced the construction progress of The Pulse Beachfront, a luxury master-planned community in Dubai South’s Residential District, with 90% of the project already completed. By the end of the year, phase 1, which comprises of 251 units, is expected to be finished. Following the increased demand for properties in Dubai South, apartments in particular, Dubai South is planning future projects that include apartment units which cater to customer needs. Upon its launch, the project witnessed huge success where the entire 788 villas and townhouses,were sold out. This milestone is becoming a norm at Dubai South with every project

According to the Asteco Q22024 real estate report, Dubai’s strong economy and attractive lifestyle remain major draws for expatriates. Dubai’sunderlying fundamentals are robust, driven by high equity in the real estate market, continued economic growth, infrastructure development and a growing population. The report also highlights that Abu Dhabi’s real estate market is set for continued growth in 2024, supported by government initiatives and robust economic fundamentals. Meanwhile, the Northern Emirates are poised for sustained development, underpinned by strategic planning, attractive affordability, and increased investments. Abu Dhabi Residential and Office Market According to the report, the Abu Dhabi market saw the delivery

LEOS Developments, the award-winning British-born international property developer, is proud to announce the groundbreaking of their latest luxury development, Cavendish Square in Jumeirah Village Triangle (JVT). This marks a significant milestone in the project, which is set to redefine elevated living in Dubai and set a new benchmark in the peaceful residential neighbourhood of JVT. Cavendish Square, a testament to LEOS Developments' commitment to quality and innovation, is a contemporary low-rise residential and lifestyle community home to 138 modern apartments including studios and one-bedroom apartments, that blend contemporary architecture with sophisticated interiors. The development promises to provide residents with an unparalleled

Alef Group, the leading real estate developer in Sharjah, has announced the launch of the Nama 4 building within its premium-Al MamshaRaseel development, located in Zone 3. Nama 4 is a part of Al MamshaRaseel, situated within Zone 3 of Alef Group's Al Mamsha development, Sharjah's inaugural pedestrian-friendly community. The Nama cluster consists of 1,029 units spread across 6 buildings, with Nama 4 featuring 198 units, including 1-bedroom, 2-bedroom, and 3-bedroom apartments. Alef Group CEO IssaAtaya said: "We are proud to announce the successful launch of Nama 4 within Al MamshaRaseel. Aligned with Sharjah's development goals, Alef Group has dedicated extensive efforts

Dubai’s real estate market has enjoyed another bumper month, with property sales in July reaching a new peak for 2024 at AED 49.6 billion, a 31.63% increase in value on the same month last year. A market update issued today by fäm Properties reveals that last month’s total of 15,994 transactions represented a 43.2% increase in volume over July 2023. The most expensive individual property sold in July was a luxury villa at Eome Residences, Palm Jumeirah, which fetched AED103 million. Apartment sales for last month showed the biggest rise, with 12,429 units, a month-on-month increase of 59.1%, selling for AED22.3 billion. The total

Driven Properties, Dubai’s renowned real estate brokerage, announces its successful facilitation of the sale of the largest plot in Business Bay. The sale marks a significant milestone for the area, paving the way for a new, sustainable office park. The premium office park by Lamar Development will serve as a welcome addition to the area, addressing the critical shortage of Grade A office spaces in Business Bay and the city at large. With neighbouring off-plan office developments seeing prices that exceed AED 7,000 per square foot, the sale solidifies Driven Properties’ position as a trusted provider, even in the face of

DAMAC Properties is pleased to announce the signing of a new contract with Modern Building Contracting Co. (MBCC), one of the leading construction companies in the UAE. This partnership marks a significant milestone in the development of a 52-storey tower that will feature 294 luxurious apartments. “We are excited to partner with MBCC on this landmark project. Their proven track record and dedication to excellence align perfectly with our vision for this development. This 52-storey tower will not only enhance the skyline but also set new benchmarks in luxury living,” said Mohammed Tahaineh, General Manager of Projects at DAMAC. Under this contract,

Azizi Developments, a leading private developer in the UAE, has announced the 97% construction completion of Amber, its premium condominium project in Dubai’s highly acclaimed growth corridor, Al Furjan.Comprising a mix of studios, and one, two and three-bedroom residences, Amber is set for completion in Q3 of 2024. Amber’s structure, blockwork, internal plaster, MEP, and HVAC are now fully completed, along with the tiling, swimming pool, and elevator works. External works and façade works are 90% and 98% complete, respectively. Overall finishes are now at 98%. The total workforce has reached 190. In his comments, Mr.Farhad Azizi, CEO of Azizi Developments, said: