Arada has purchased a primeland plot in Zabeel 2 adjacent to Dubai International Financial Centre (DIFC), marking yet another significant expansion milestone for the master developer into the high-end Dubai property market. Valued at AED600 million, the plot was purchased from Rital Properties, the real estate subsidiary of Emirates NBD. The 138,466 sq ft land plot is close to both Index Tower and Central Park Towers. Strategically positioned between DIFC and Downtown Dubai, plans are in place to develop the land into a 50-floor luxury residential tower, containing 400 premium apartments, offering views of the Burj Khalifa and the stunning Dubai

The real estate and properties transactions valued at 14 billion in total during the week ending 29 December 2023. The sum of transactions was 3,063. 216 plots were sold for AED 4.38 billion, 2,126 apartments and villas were sold for AED 5.38 billion. The top three transactions were a land in Zaabeel Second sold for AED 600 million, followed by a land that was sold for AED 456.52 million in Al Thanyah Fifth, and a land sold for AED 213.4 million in Wadi Al Safa 4 in third place. Madinat Hind 4 recorded the most transactions for this week by 34 sales transactions

Realty Force Real Estate, a boutique agency specializing in high-end luxury properties, has been awarded the Top-performing Agency 2023 in recognition of its deep understanding of Expo City’s sales landscape and its vision for innovative, sustainable, and human-centric urban development. Realty Force was honoured with two Tesla cars in different categories, validating the compact firm’s comprehensive expertise in high-end, futuristic developments like Expo City. Realty Force has the distinction of facilitating sales worth over AED 176 million in Expo City — a remarkable and rare feat accomplished through a value-over-volume approach to real estate transactions. Over the years, with CEO Riyal

The Central Bank of the UAE (CBUAE) has said that despite the continuing global uncertainty and tight monetary stances worldwide, the UAE real estate sector continued its good performance in the period from July to October 2023. The Central Bank, in its quarterly economic review 2023, explained that in the first nine months of 2023, the value of residential transactions in Abu Dhabi increased by 56 percent year-on-year (YoY) to AED 67.8 billion. According to REIDIN, the average sales price of residential properties in Abu Dhabi registered a 3.2 percent increase in Q3, 2023 compared to the same period a year

Roberto Cavalli achieves another milestone with the opening of the new boutique on New Bond Street in London, following the recent opening success of the flagship boutique in Las Vegas at the Encore at Wynn. A Victorian-era building hosts the new boutique and spread across several rooms on two floors for a total of approximately 800 square meters. A gate crafted in brushed natural brass, featuring a laser-cut zebra pattern, and a large LED wall welcome customers in the showcase foyer. Through a corridor and from room to room, the customer is immersed in a shopping experience among women's and men's

Property prices in Dubai continued their upward trend in November, rising by 1.17 per cent to a record high of Dh1,271 per square foot, surpassing the previous all-time high of September 2014, according to the latest figures released by Property Monitor. After the initial recovery led by villas and townhouses, industry executives say that the apartment segment is now leading the growth phase due to high demand. Property Monitor said prices rose at a more moderate pace last month and stood three per cent above the 2014 high. Prices have been consistently on the rise in Dubai after the Covid-19 pandemic due to

Leading Dubai developer Damac Properties has launched its new development, Damac Maison Aykon City, along Sheikh Zayed Road, and just a stone’s throw from Safa Park, lavish dining venues, high-end shopping destinations, entertainment hubs, and renowned nightlife spots. This property is not just a new addition to Dubai’s skyline but a visionary project set to raise the standards of luxury in the real estate and hospitality sector, said the luxury project developer. Damac Maison Aykon City offers a range of sophisticated living spaces, from modern studios to expansive three-bedroom luxury hotel apartments. Each features state-of-the-art design and panoramic windows showcasing stunning views

This month, Teraciel Properties launched The Imperial in Hills Views, Dubai Hills, a one-of-a-kind mansion for the most discerning clientele. Built to transcend fashion and trends, The Imperial marks the first build by Teraciel Properties, a boutique luxury real estate developer positioned to create landmark properties and communities that cater to the lifestyles of the most discerning clients, through couture real estate. The launch of Teraciel Properties comes after much demand for world-class infrastructure projects that enhance the overall appeal and values of real estate in the UAE. As a bespoke and customer-centric developer, where artistry combines with thoughtful function and

Stella Stays, UAE's leading proptech company with tech-enabled residences in seven global markets, reveals insight into its data showcasing trends in purchasing power and behavioural profiles from Gen Z and Millennials renters amidst real estate industry shifts, with this audience base constituting 46% of the global population and growing. The company's data showcases that 81% of residents and guests at Stella Stays residences are Millennials and Gen Z, the next-generation renters. With the steadfast rising cost of becoming a homeowner, Millennials and GenZ often turn to renting, despite it being a tedious and inconvenient process by traditional means, rife with inconsistencies,

This month, Teraciel Properties launched The Imperial in Hills Views, Dubai Hills, a one-of-a-kind mansion for the most discerning clientele. Built to transcend fashion and trends, The Imperial marks the first build by Teraciel Properties, a boutique luxury real estate developer positioned to create landmark properties and communities that cater to the lifestyles of the most discerning clients, through couture real estate. The launch of Teraciel Properties comes after much demand for world-class infrastructure projects that enhance the overall appeal and values of real estate in the UAE. As a bespoke and customer-centric developer, where artistry combines with thoughtful function and