Palma Development Completes Serenia Living On Palm Jumeirah
Palma Development, one of the pioneering developers in the UAE real estate industry, has announced the completion of Serenia Living, its ultra-premium beachfront residential development on the crescent of Palm Jumeirah. The project, which was launched in 2022 with a development value of AED 3 billion, has now more than doubled in value to exceed AED 6 billion. Its timely delivery, as planned, reflects Palma’s commitment to quality and execution, as well as the resilience of Dubai’s real estate sector. Serenia Living comprises 226residences, including two-, three-, and four-bedroom apartments, half-floor and full-floor penthouses, and one of Dubai’s most exclusive Sky
Danube Properties Unveils AED 3.5mln+ ‘Greenz’ Master Community iIn Dubai’s High-Growth Academic City
Danube Properties has unveiled Greenz By Danube, its first large-scale integrated community featuring premium townhouses and villas - marking a major milestone in its expansion into master-planned developments. Strategically located in Dubai International Academic City, near Dubai Silicon Oasis, Greenz sits within one of Dubai’s most promising future growth corridors. The area is home to over 100,000 residents and will benefit from the upcoming District IO, a major technology hub aligned with the vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum. Featuring villas and townhouses with exclusive sky gardens, Greenz By Danube’s completion is expected in 36 to 40 months with handover scheduled for Q4
Neoterra Developments Marks Groundbreaking Of ELMORA At Jumeirah Garden City, Unveils Next Project In Dubai Production City
Neoterra Developments, a Dubai-based real estate developer focused on creating premium residential communities, has commenced construction of ELMORA at Jumeirah Garden City with a groundbreaking ceremony. Marking the milestone, the company confirmed that the project is scheduled for completion in February 2028. The developer also announced its next project in Dubai Production City, with a targeted launch in Q2 2026. Neoterra Developments is developing the upscale residential tower, ELMORA, with a gross development value (GDV) of approximately AED 130 million, in collaboration with GRID as its Development Lifecycle Management (DLM) partner. Strategically positioned just off Sheikh Zayed Road, the project features
Dubai Investments Breaks Ground On Landmark Al Vista Mixed‑Use Development In Meydan
Dubai Investments breaks ground on Al Vista, its landmark mixed‑use development in Meydan Horizon. Developed through its wholly‑owned real estate subsidiary, Dubai Investment Real Estate (DIR), Al Vista is a large‑scale mixed‑use development comprising residential, commercial and retail components within a unified masterplan. The ground‑breaking ceremony was held in the presence of Khalid bin Kalban, Vice Chairman and CEO, Dubai Investments, Obaid Salami, General Manager, Dubai Investment Real Estate along with other senior representatives and the contractor for the project. As part of the milestone, DIR also signed the main construction contract with JV Hourie Paramount appointing the contractor to deliver the project
Azizi Developments Hands Over Riviera 69 And Beachfront I, Reinforcing Ongoing Delivery Momentum
Azizi Developments, a leading private developer in the UAE, has marked a key milestone with the simultaneous handover of Riviera 69 and Beachfront I within its flagship French Mediterranean-inspired waterfront community, Azizi Riviera, in Meydan, MBR City. The dual handover, led by Mr. Farhad Azizi, Group CEO of Azizi Group, reflects the developer’s accelerating delivery pace, with multiple additional buildings across the horizon scheduled for handover in the coming months. Riviera 69, part of Phase 4, is a 10-storey residential building offering 112 units, including studios to three-bedroom apartments, along with 11 retail outlets. It marks the eighth completed building in Phase
Dubai’s Record-Breaking AED 12 Million Burj Khalifa Penthouse Lease Defies Regional Uncertainty
Amid heightened regional uncertainty, Dubai's luxury real estate market has reached a historic milestone. A duplex penthouse in the Burj Khalifa has been leased for AED 12 million per year, the highest recorded annual apartment rental in the UAE. Owned by Karl Haddad, the residence spans the 87th and 88th floors of the world's tallest tower and establishes a new benchmark not only for Dubai but for global ultra prime leasing. "In times of volatility, capital does not retreat, it becomes more selective. It seeks environments defined by stability, security, and long-term vision. Dubai continues to command that trust," said Karl Haddad. The
Dubai Leasing Market Adjusts As Rental Listings Increase And Tenant Demand Shifts
As we enter week five of the ongoing regional developments, Dubai's leasing market is entering a more selective phase, with shifting tenant behaviour and an increase in rental listings beginning to reshape market dynamics. Based on betterhomes data and nearly four decades of experience across multiple market cycles, the brokerage says the market remains active, but outcomes are increasingly being shaped by pricing, presentation, and flexibility. According to new leasing insights from betterhomes, informed by the questions most commonly being raised by tenants and landlords in Dubai, lead volumes are currently around 30 to 40 per cent below the same period
Eywa Moves From Vision To Built Reality
Eywa Tree of Life, the flagship residential development by R.Evolution and the most health-conscious building in the world, has reached a defining moment on site with the completion of its superstructure and the finalisation of its show residence, bringing the project firmly into its next phase of delivery and market readiness. This milestone also reflects the continuity and stability of the UAE’s development environment. As projects across the city continue to progress as planned, Eywa’s DLD-verified progress reinforces the confidence developers and investors place in Dubai’s leadership, governance, and commitment to maintaining a safe, resilient, and forward-moving market. The final concrete pour was completed at
Alta Real Estate Development Confirms Construction Continues As Buyers Interest In Dubai Remains Strong
Alta Real Estate Development, a boutique Emirati developer shaping Dubai's evolving skyline through a portfolio of distinctive residential projects, confirmed that construction activity continues across Alta's portfolio, reflecting continued confidence in Dubai's long-term growth trajectory. The update comes as Dubai's real estate sector continues to demonstrate resilience despite heightened regional attention in recent weeks. Dubai recorded more than $250 billion in real estate transactions in 2025, reinforcing the sector's role as a key pillar of the emirate's economy. Market activity remains steady across the city, with buyer enquiries, property viewings and transactions continuing despite global uncertainty. Industry activity continues to be supported by
Dubai South Awards AED2 Billion Contract For Development Of Multiple Phases Of Hayat Project
Dubai South Properties has appointed Mohammed Abdulmohsin Al Kharafi & Sons LLC for an AED2 billion contract to develop several phases of HAYAT by Dubai South, a luxury master-planned community spanning 10 million square feet. Strategically located near the Al Maktoum International Airport, HAYAT will feature approximately 2,500 residential units, including a variety of townhouses, semi-detached and standalone villas, mansions, as well as apartments, and hotel apartments. HAYAT offers seamless connectivity to major roads and key economic hubs, including Al Maktoum International Airport, Sheikh Mohammed bin Zayed Road, Emirates Road, Jebel Ali Free Zone, and Dubai South Free Zone. Construction is set to