The off-plan  market broke a new record in the second quarter of 2024, recording 25,466 property transactions worth over AED 52 billion. This marks an astounding 81% increase compared to the same period last year, highlighting the city’s thriving property market and the strong demand from both end-users and investors. Villas have seen a 44% year-on-year (YoY) increase in transactions and a staggering 76% rise in value. Off-plan apartments are dominating the market with an 86% YoY increase in transactions, as both individuals and end-users are increasingly opting for new developments over ready properties, which tend to be more costly. The surge

Whitewill, the international luxury real estate agency for developers and partners that operates across the UK, USA, and UAE markets, has released its market overview report analysing off-plan sales activity across the apartment, villa, and townhouse market in Dubai during the month of June 2024. Tracking various residential communities, the report shows a strong off-plan market performance for the leading real estate broker, Whitewill, which has been instrumental in Dubai's property market. Data suggests the off-plan market is consistently dominating, with significant sales volumes and values indicating strong buyer interest in new developments. Off-plan sales accounted for the majority (58.6%) of

Today, one of Dubai's top luxury real estate developers has announced that it has set a record for the price of a luxury renovated Garden Home on the Palm Jumeirah.    The property, completed in January 2024, is a 5,800-sq-ft private beach villa situated on the luxurious super-prime Palm Jumeirah. It was sold in a transaction for US$16.9 million (AED 62 million) – a record for a renovated Garden Home on the Palm.   25 Degrees develops best-in-class, super-prime homes built to high European standards, style, and specifications, marketed to ultra-high-net-worth individuals (UHNWIs). This latest sale confirms the appetite for super-prime European-style luxury villas in Dubai.   The

LMD, a strategic developer renowned for creating thriving communities in Dubai, has partnered with Devmark, the UAE’s leading real estate project sales and marketing consultancy, to launch The Pier Residence. Located in the vibrant heart of Dubai Maritime City— Dubai’s next premier waterfront destination—this development is set to unlock promising potential for capital growth for early investors. Devmark has been appointed as the master agent for the sales and marketing of the project, which presents an unmatched lifestyle for the modern resident. Designed by the architectural firm Arkiplan and with interiors by J2 Design from Singapore, The Pier Residence merges contemporary

In an industry that often follows a traditional path, Gamma Real Estate is transforming the landscape of real estate investment management. Specializing in the sale and leasing of large property portfolios, Gamma caters primarily to family offices and private developers, offering a unique blend of tailored services and exclusive investment opportunities. Waqas Ahmed, Managing Partner of Gamma Real Estate, began his real estate journey with an early passion for property and market dynamics,laying the foundation for a career marked by deep expertise in leasing and sales. “Our mission at Gamma is to surpass industry standards and redefine service delivery, offering clients

LEOS Developments, the award-winning British-born international property developer, is thrilled to announce that Hadley Heights, their inaugural project in the region located in Jumeirah Village Circle (JVC), has achieved a significant milestone by surpassing 42% completion. To honour the relentless dedication of their construction team, LEOS hosted a special appreciation lunch, providing meals and cold drinks to more than 600 diligent staff members, including management, engineers, and workers. "To kick off our summer line-up of Corporate Social Responsibility initiatives, we wanted to personally distribute over 650 meals and cold refreshments to everyone involved in the construction of Hadley Heights onsite in

Azizi Developments, a leading private developer in the UAE, has signed an agreement with Atec Pools, the top swimming pool construction and maintenance company,for the supply of high-end swimming pool equipment for its mixed-use development, Azizi Venice, in Dubai South, and the fourth phase of its mega-project, Riviera, located in the heart of MBR City. Spanish Atec Poolsis renowned for its innovative designs and high-quality craftsmanship. It specializes in custom pool designs, renovations, upgrades, and comprehensive maintenance, using premium materials and advanced techniques. Committed to sustainability, it offers eco-friendly options and smart pool technology for easy control. The client-centric approach ensures

PNC Investments LLC (PNCI), the parent company of Dubai-based residential developer Sobha Realty, received an affirmation of Ba3/stable corporate family rating (CFR) from Moody's Ratings, an international rating agency. Additionally, the agency has upgraded the senior unsecured rating of PNCI's sukuk, issued by Sobha Sukuk Limited, from Ba3/stable to Ba2/stable. Being a renowned and trusted name in the real estate sector, Sobha Group has continuously delivered excellence in the realm of luxury residential and commercial development, reflecting its unwavering commitment to quality, innovation and customer satisfaction. The foremost backward integrated company known in the world with all the key competencies and

Dubai's real estate market has seen a significant increase in interest from European buyers, particularly from countries such as France, Germany, the UK, the Netherlands, Sweden, Switzerland, Austria, Belgium, and Norway. This growing interest underscores Dubai's appeal as a prime destination for individuals seeking luxury properties that align with their lifestyle, values, and long-term investment goals. In Q2 2024, the market achieved a record-breaking milestone with transactions totaling $34 billion, marking the highest volume and value ever recorded, according to Property Finder. Diana Nilipovscaia, CEO of MERED, highlights what European buyers typically look for when investing in luxury real estate

Azizi Developments,a leading private developer in the UAE, has signed an agreement with International Foundation Group LLC, which specializes in deep foundation and ground solutions, for the piling, shoring, excavation, and dewatering works for Azizi’s second tallest tower in the world, Burj Azizi, located on a prime plot of land on Dubai’s Sheikh Zayed Road. International Foundation Group (IFG LLC) is a major Emirati expert in deep foundation and ground solutions, renowned for quality and timely project completion. IFG is the fastest-growing Middle Eastern micro-tunneling company, distinguished by its reliance on internal expertise and cutting-edge equipment from top European and Japanese