Binghatti is proud to announce a landmark achievement in the region’s luxury real estate sector with the sale of the most expensive penthouse in Dubai and the Middle East, valued at AED 550 million, at the iconic Bugatti Residences by Binghatti. The historic transaction was concluded by Binghatti’s Chief Sales Officer Abdullah Binghatti, setting a new world record for Dubai’s real estate market and achieves the highest price per square foot ever recorded in Business Bay, reaching AED 11,650 per sq.ft. Commenting on the achievement, Chairman Muhammad Binghatti states “Year to date, we have achieved the number-one position in Dubai’s real estate

Azizi Developments, a leading private developer in the UAE, today announced that it has signed a 50-year lease agreement with AD Ports Group (ADX: ADPORTS) subsidiary Khalifa Economic Zones Abu Dhabi – KEZAD Group, representing an investment value of AED 2 billion that will facilitate the growth of its manufacturing and logistics capabilities. The signing, attended by Azizi Developments’ Founder & Chairman, Mr. Mirwais Azizi, CEO of Khalifa Economic Zones Abu Dhabi – KEZAD Group, Mr. Mohamed Al Khadar Al Ahmed, and senior management of both parties, marksanother milestone in Azizi’s long-term strategy to build on its vertical integration and strengthen

BEYOND Developments, the bold and design-led real estate developer shapingnext-generation waterfront destinations in the UAE, today unveiled SIORA, its first beachfront masterplan on Dubai Islands and the company’s second large-scale community within a year. The launch underscores BEYOND’s accelerated growth and strong alignment with Dubai’s future urban vision. Spanning over 2M square feet, SIORA is conceived as a coastal sanctuary inspired by Japanese garden philosophies, including the pursuit of Ikigai, the Japanese concept of finding purpose and fulfilment in everyday life. In this context, it reflects a philosophy of creating spaces that bring clarity, balance, and a sense of meaning, where

Sanzen, a real estate development and project management company, made its official debut today with a three-day early bird pre-launch event running from 11th to 13th December at the Sanzen Experience Centre in Dubai. The event, attended by representatives of government entities, real estate partners, investors and sales agents, marked both the public introduction of Sanzen and the exclusive pre-launch unveiling of its first two projects: Zen Lagoons in Dubai and Sukoon by Sanzen in Sharjah. Abdul Aziz Al Sanad, Chairman of Sanzen, shared the brand’s foundational purpose: “Sanzen was created from a belief that the future belongs to developers who

TownX, one of Dubai’s fastest-growing real estate developers with an AED 4 billion project portfolio, has announced a significant milestone in the construction of its AED 662 million Ashley Hills project. In just four months since the project launch, the development has reached 40% construction progress, demonstrating the company’s efficiency and commitment to delivering high-quality residential communities. Located in the heart of Arjan, Ashley Hills is a flagship development that will feature 616 residential units across 400,000 square feet of sellable area. The project is designed to offer a mix of spacious apartments that cater to families and investors seeking modern,

Union Properties PJSC (“Union Properties” or “the Company”) (DFM symbol: UPP)has officially broken ground on ‘Mirdad’, its AED 2 billion flagship project in Dubai Motor City, the Company’s second landmark development in the area.This milestone underscores Union Properties’ renewed growth strategy, centered on innovative master planning, architectural excellence, and wellness-driven urban living. Comprising four elegantly designed towers, ‘Mirdad’ embodiesUnion Properties’ vision for modern, connected and sustainable living that fosters a true sense of community and belonging. The groundbreaking ceremony was attended by Mr. Mohamed Fardan Ali Al Fardan, Chairman, Mr. Abdul Wahab Al Halabi, Vice Chairman, Eng. Amer Khansaheb, CEO and

The competitive edge in Dubai’s luxury real estate market, often defined by global brand names, has shifted towards quality of life as the flow of wealthy buyers from around the world continues. MAG Lifestyle Development, developers of Keturah Reserve in Dubai, say they designed the AED3 billion pioneering bio-living development at Meydan around a unique liveability concept that blends wellness-focused living, thoughtful architecture, and sustainability “The No.1 concern of wealthy buyers is now liveability - the depth of the experience, and the ability of a home to enhance residents’ physical and mental wellbeing,” said Talal M. Al Gaddah, CEO & Founder of

As 2025 draws to a close, DMDC, one of Dubai's leading interior design and construction firms, revealed a decisive shift in market behaviour: high-net-worth buyers and investors are now prioritising strategic renovation over relocation, using redevelopment as a primary wealth creation tool. Recent data supports this. The UAE renovation market is currently valued at approximately USD 32.4 billion in 2024, with expectations of reaching USD 42.6 billion by 2030, growing at a compound annual growth rate (CAGR) of 4.7%. This indicates a shift among homeowners who are increasingly opting to invest in home upgrades instead of relocating. DMDC revealed that investors now

Dubai Land Department, in collaboration with Dubai Holding Community Management, has approved the first-ever three-year fixed service fees for the Palm Jumeirah Master community. The new mechanism enables the management companies of jointly owned properties (JOPs) to submit and secure approval for a three-year service fees budget via the ‘Mollak’ system, while also maintaining the option for entities that wish to continue adopting a one-year budgeting model. The new mechanism aims to stabilise service fees and enhance the efficiency of long-term financial planning by enabling management companies to enter into three-year operational contracts with service providers. This approach enhances clarity and

Meraas, a member of Dubai Holding Real Estate, has awarded an AED 340 million contract to Al Sahel Contracting for the construction of new Riwa apartments at Madinat Jumeirah Living, with completion scheduled for Q3 2027. The project comprises three 10-storey residential buildings with 244 premium apartments, including one- to three-bedroom units and a four-bedroom penthouse. This latest contract reinforces the long-standing partnership between Meraas and Al Sahel Contracting, which is nearing completion on the fifth phase of Madinat Jumeirah Living, having successfully delivered four earlier phases. The collaboration showcases Meraas’ dedication to delivering exceptional design, quality and craftsmanship. Designed with contemporary elegance,