Luxury Owners Association Management Services LLC, LOAMS, the community management arm of DAMAC Properties has signed a Memorandum of Understanding with Real Point & Zee Matrix to provide consultancy services for their portfolio in line with recent circulars from RERA related to the update of assets on Mollak and mandatory Reserve Fund studies. The Dubai-based Zee-Matrix is authorised to provide thorough real estate inspections according to UAE and global standards, completely adhering to local regulations, as well as the standards and laws of the Dubai Land Department (DLD), Real Estate Regulatory Authority (RERA), Dubai Municipality, Dubai Civil Defense, and DEWA. Located in UAE, RealPoint is

Prestige One Developments has announced a new wave of luxury developments valued at over AED 1 billion. As a leading developer, the company has consistently launched projects that epitomise luxury and innovation. Building on the success of past ventures, Prestige One Developments is steadfast in its commitment to bringing more world-class projects to Dubai. Recently, the company has unveiled several flagship projects in major areas of the city. One of the latest to join their lineup is The Waterway, strategically located in Mohammed Bin Rashid City. This project is poised to offer an exclusive lifestyle with direct access to crystal lagoons and

Leading UAE Prop-Tech company, Keyper, announces a pre-series A capital raise of US$4 million in equity. This round was led by top regional venture capital firms BECO Capital and Middle East Venture Partners (MEVP), with participation from existing investors; Vivium Holding, Jabbar Group, Signature Developers, and new investors; Annex Investments, Pin Investment, Al Qahtani Investment, among other strategic angels. The company also signed a term sheet agreement for an additional US$30 million in Shariah-compliant Sukuk financing from global asset manager Franklin Templeton Investments (ME) Ltd bringing its cumulative capital raised to-date to over US$40 million. Keyper will invest the fresh funds

Azizi Developments, a leading private developer in the UAE, is collaborating with Wallmax, the renowned American manufacturer, for the supply and installation of wall coverings across six buildings in the fourth phase of Azizi’s mega-project Riviera, located in the heart of MBR City. American manufacturerWallmaxis renowned for providing contract-grade wallpaper from Europe and North America, serving the Middle East and India in the hospitality, commercial, and residential sectors. With over 500 durable, fire-retardant, and antimicrobial wallcoverings, Wallmax stays on-trend with centralized Dubai warehouses for quick deliveries. 'Wallmax Digital' offers bespoke designs in collaboration with architects, turning imaginative visions into reality. In his

In support of Dubai's Economic Agenda D33 and its ambitious goals to make Dubai a major innovation hub; Dubai Land Department (DLD) has launched the Real Estate Evolution Space Initiative - ‘REES’, which will gather thought leaders and industry professionals to spur a wave of progress capable of redefining the urban landscape. The extraordinary event brought together over 200 sector partners, elite officials, and experts. It featured several sessions and debates on the main trends of the international real estate technology market, exploring opportunities and potential with participation from 25 specialized companies, including 11 exhibitors and 14 companies represented by panelists. Alongside

Deyaar Development PJSC ("Deyaar"), a leading real estate developer and service provider in Dubai, UAE, has reported a YoY increase in its Q1 2024 profits compared to the same period in 2023. This was announced today in a filing with the Dubai Financial Market (DFM), where Deyaar shares are traded. Deyaar's net profit before corporate tax for the three-month period ended 31st March 2024 increased to AED 77.5 million—marking a significant 38% increase from AED 56.4 million in the same period last year. The company's revenue also increased, reaching AED 327.8 million in Q1 2024, reflecting a 5% increase from AED

The Dubai Rental Disputes Center (RDC) welcomed a delegation from the Dubai Courts to review the digital lawsuit files concerning the resolution of rental disputes in Dubai, with the goal of enhancing cooperation and partnership in related domains. His Excellency Eng. Marwan bin Ghalita, Acting Director General of Dubai Land Department, and His Excellency Judge Abdulqader Mousa Mohammed, Chairman of the Rental Disputes Center at Dubai Land Department, welcomed the Dubai Courts delegates headed by His Excellency Dr. Saif Ghanim Al Suwaidi, Director General of Dubai Courts, and attended by a number of heads of court, judges and leadership figures. His Excellency Eng. Marwan bin Ghalita, esteemed for

Dubai’s off-plan property market is projected to see a healthy growth of 14-15% this year compared to 2023, according to Metropolitan Premium Properties (MPP), a full-service real estate agency and the Metropolitan Group’s flagship property company. Property prices have increased by an average of 20% since the start of the year and this trend is expected to continue for the remainder of the year. Dubai’s off-plan sales surged 72.5% in 2023, reaching a staggering AED 160.46 billion up from AED 93 billion in 2022 further solidifying the city’s status as a global real estate powerhouse. The momentum has continued in 2024,

Gulf Land Property Developers recently announced its collaboration with Tonino Lamborghini Group to develop an upscale residential community in the heart of Dubai. This distinctive development will bear the prestigious Tonino Lamborghini brand, synonymous with Italian quality and sophistication worldwide. The new residential community introduces a fresh perspective to lifestyle living in Dubai and aims to leverage Tonino Lamborghini's 40-year design legacy with the renowned expertise of Gulf Land Property Developers, currently engaged in crafting unique luxury living projects—Paradise Hills and Serenity Lakes. According to Savills, the global property market has seen a slowdown, particularly in the US and EU, due to

Emaar Development PJSC (DFM: EMAARDEV), the UAE build- to-sell property development business that is majority-owned by Emaar Properties PJSC (DFM: EMAAR), achieved in Q1 2024 (January to March) a 50% increase in property sales reaching AED 12.9 billion (US$ 3.5 billion) compared to AED 8.6 billion (US$ 2.3 billion) in Q1 2023. This performance resulted from Emaar Development's successful property launches, which created a good revenue pipeline for the future and marked steady progress towards the company's strategic initiatives to further cement its position as a trusted developer. Emaar Development successfully launched 10 projects across various master plans during the first