KASCO Developments Unveils VOLNA In Al Jaddaf, The Third Residential Project With AED 100 Million Investment
KASCO Developments, the real estate arm of the KASCO Group, and Evolutions, a leading real estate intelligence hub, have officially launched VOLNA in Al Jaddaf Waterfront, its third residential project in Dubai. Following the success of ONDA and VAL, this new development further strengthens KASCO's presence in the UAE property market since its debut in September 2024. Strategically located along Al Jaddaf Waterfront, VOLNA is an 11-floor residential building featuring 65 meticulously designed homes. The project offers a diverse selection of residences, including studios (up to 912 sqft), one-bedroom apartments (up to 1,480 sq ft), two-bedroom apartments (up to 1,620 sqft),
Union Properties Reduces Legacy Debt And Signs New Funding Agreement With A Localbank To Drive Strategic Growth
Union Properties PJSC (“Union Properties” or the “Company”) (DFM symbol: UPP) achieves a significant milestone in its recovery plan as it reduced its legacy debt of AED 1.47billion (FY2022)to AED 575 million as of end of December 2024, and further targets reducing it by end of Q1 2025 by another AED 150 million. On the back of this exceptional performance, Union Properties was able to reduce the margin on the 3M EIBOR from 3.25 per cent to 2.75 per cent, in light of growing trust among banks. Union Properties was also able to secure additional bank loans of AED 150 million
Dubai Property Market Enjoys Big Start To 2025 As January Sales Hit AED44.4 Billion
Dubai’s real estate market has made a strong start to 2025, with property sales in January totalling AED 44.4 billion, a 24.1% increase in value on the same month last year. A market update issued today by fäm Properties reveals that last month’s total of 14,236 transactions also represented a 23.2% increase in volume over January 2024. Land sales for January showed the biggest increase,with 811 plots - a 151.9% month-on-month leap in volume - selling for AED8.6 billion. Villa sales totalling AED16.4 billion also climbed sharply in volume by 89.6% to 3,117 compared with January last year, and apartment sales worth AED18.2
Almal Real Estate Development Prepares For Major Expansion Into Commercial Sector And International Markets
Almal Real Estate Development is soon to announce its upcoming expansion into new verticals and international markets as part of its strategic growth plans for 2030. The company, known for its innovative luxury residential and hospitality developments, is preparing to diversify into the commercial sector with the introduction of The Smart Space, a network of business centers in UAE featuring five-star amenities. Additionally, Almal is entering new markets in Bali and Thailand as a community developer, focusing on villa and townhouse projects. The expansion into the commercial real estate sector will be marked by the upcoming launch of The Smart Space,
Metropolitan Capital Real Estate Registers Record 2024 Year With Sales Transactions Surging 60% To AED 4.8 Billion
Metropolitan Capital Real Estate (MCRE), a leading full-service real estate agencyin Abu Dhabi and part of the Metropolitan Group, has announced exceptional results for 2024 in the Abu Dhabi real estate market. The company closed over 1,200 deals, representing a remarkable 48% increase compared to 2023. The total value of these deals reached AED 4.8 billion, a 60% increase from AED 3 billion in 2023.The average transaction value also rose 21%, reaching AED 4 million. MCRE’s outstanding performance reflects the record growth seen in the Abu Dhabi real estate market last year. In the freehold areas, the Capital witnessed over 14,620 transactions
Global Real Estate And Immigration Leaders Converge In Dubai For IREX 2025
The twentieth edition of IREX 2025 will take place from 7th to 8th February 2025 at Hotel Taj, Business Bay, Dubai. This premier event serves as a unique platform offering diverse opportunities for international real estate investments and residency and citizenship by investment programs to Dubai investors. IREX caters to high-net-worth individuals and affluent investors seeking opportunities in international real estate and luxury properties. The event is expected to attract over 500 visitors and feature prominent international real estate developers and marketing companies. Participants will include companies from the USA, Canada, Greece, Cyprus, Portugal, Malta, the Caribbean, and specialized EB-5 companies
Azizi Developments ‘Azizi Venice Reaches 28% Construction Milestone
Azizi Developments, a leading private developer in the UAE, has announced that construction work at the launched buildings within Azizi Venice, its mixed-use community in the rapidly growing Dubai South, has reached 28% completion. Set entirely on a swimmable crystal blue body of water that is one of the largest lagoons of its kind in the world, the project is progressing swiftly, with several more buildings to be released in the coming weeks. Residences launched in the first phase of Azizi Venice are taking shape rapidly. Azizi Venice 3, which is set for completion in Q2 of 2025, is now 43%
Klickl Partners With IMKAN Properties To Pioneer Cryptocurrency Payments In UAE Real Estate
Klickl, the UAE-based Web3 financial platform, has announced a collaboration with IMKAN Properties, a leading global real estate master developer based in Abu Dhabi, to facilitate property purchases through cryptocurrency. This collaboration is set to revolutionize real estate transactions by introducing an innovative financial model that will elevate the home-buying experience for regional and international buyers alike. The collaboration reflects a growing demand for alternative payment solutions in high-value sectors like real estate, particularly from international investors who seek secure, fast, and flexible options. By offering Klickl's cutting-edge cryptocurrency payment processing system, IMKAN aims to provide customers with seamless access to these
Mr. C Residences Downtown By ALTA Real Estate Development Announces Sales Launch
Step into a world of sophistication as ALTA Real Estate Development announces the official sales launch of Mr. C Residences Downtown—a collection of exclusive homes that bring the timeless elegance of the Mr. C legacy to life in Dubai’s vibrant Downtown district. This is more than just a residence; it’s an invitation to experience a lifestyle where European charm meets modern urban refinement. Developed in collaboration with the renowned Mr. C brand with Ignazio and Maggio Cipriani, Mr. C Residences Downtown promises bespoke design, exceptional service, and unmatched amenities. "With Mr. C Residences Downtown, we are once again redefining branded living in
Off-Plan Sales Dominate Dubai’s Real Estate Market As Strong Investor Demand Continues Into 2025
Dubai’s real estate market remains a global hotspot for investors, with off-plan transactions accounting for 63% of all property sales in 2024, up from 54% in 2023, according to Engel & Völkers Middle East’s latest report. The shift toward off-plan properties highlights the increasing demand for new developments, driven by competitive pricing, attractive payment plans, and limited supply in the secondary market. Total residential sales transactions surged by 40.3% to 170,992 units in 2024, more than five times the number recorded in 2020, underscoring sustained investor confidence in Dubai’s property market. Apartment sales led the way, growing by 47.6% year-on-year and accounting for nearly 90%