Knight Frank has advised on the sale of the 230 key Revier Hotel in Business Bay, acting on behalf of Fortimo Group, a Swiss developer. The hotel has been acquired by a European investor. Having opened in 2021, the hotel combines contemporary Swiss design with a lifestyle setting and operates under the Swiss-born Revier brand, in a well connected Business Bay location, near Downtown Dubai. The hotel will be repositioned and rebranded under the Barceló Hotel Group, marking another step in the Spanish group's regional expansion strategy and reinforcing Dubai's position as one of the most active hotel investment markets in the

Idealist Real Estate, the Dubai-based luxury property company, has entered a strategic partnership with Citi Developers to integrate institutional-grade crypto payment technology into real estate transactions, through Xerime DMCC, reinforcing Dubai’s positioning as the most advanced regulated jurisdiction for virtual assets globally. Xerime DMCC’s approach to real estate and digital assets is built on proprietary trading, where the company uses only its own capital. This eliminates the need for client custody or third-party intermediaries, ensuring every transaction remains fully transparent and straightforward. This marks the first real estate–crypto collaboration unveiled at Blockchain Life Forum which is aligned with the UAE’s national digital

Palma Development, one of the pioneering developers in the UAE real estate industry, has announced that Serenia Living, its AED 3 billion ultra-premium beachfront development, currently valued at over AED 6 billion, on the crescent of Palm Jumeirah, has reached 94% completion. This milestone marks a significant step toward final delivery of one of Dubai's most coveted projects, further reinforcing Palma's dedication to timely project delivery. Serenia Living is a uniquely designed development featuring 226 exclusive residences, including two-, three-, and four-bedroom apartments, full-floor and half-floor penthouses, and one of Dubai’s most exclusive Sky Mansions. The project’s high-end amenities include one

Property Finder, the MENA region’s leading property platform, announced today that it has entered into an agreement with Ares Credit funds (“Ares”) in connection with a $250 million debt financing commitment. “This financing marks another important milestone in our journey to build the region’s most trusted and intelligent property platform,” said Michael Lahyani, Founder and Chief Executive Officer of Property Finder. “The support of world-class financial partners underlines the strength of our business and the scale of the opportunity ahead. This transaction allows us to accelerate our growth in the region through investments in product innovation, AI-driven solutions, marketing & branding

Property Finder, the MENA region’s largest property platform, has announced its investment in Stake, reinforcing its commitment to supporting the growth of innovative technology companies that are transforming the region’s real estate sector. Stake, one of the Middle East’s fastest-growing digital real estate investment platforms, enables users to invest in fractional property ownership and private real estate funds starting from as little as AED 500. The company, which won the Proptech of the Year award at the 2024 Property Finder Awards, has quickly become a standout example of how technology can make property investment more accessible, transparent, and liquid. The investment

Mantra Properties’ latest ultra-luxury development, Jacob & Co Residences, in collaboration with the iconic watch and jewelry brand Jacob & Co, has achieved a record-breaking milestone, registering over AED 300 million in sales within just 12 hours of its launch. The remarkable response marks a historic moment for Al Marjan Island, setting a new benchmark as the fastest-selling project on the island to date. The exclusive AED 400 million branded development witnessed an overwhelming demand from investors and high-net-worth individuals, underscoring the UAE’s continued dominance as a hub for branded luxury living. Over 80% of investors’ interest came from expatriate residents

Sobha Realty continues to redefine the luxury real estate experience through its ongoing digital transformation journey, integrating technology at every customer touchpoint.Building on its existing debit and credit card payment options, the company has introduced the Domestic Wire Transfer (Net Banking) feature on its leading ONE Sobha App, further elevating convenience and reinforcing its position as an industry leader in innovation and customer-centricity. This feature empowers customers to complete property transactions with enhanced transparency, security, and convenience. It represents a significant step in Sobha Realty’s commitment to streamlining and modernizing the real estate journey, ensuring that every interaction, from discovery to

In the presence of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, Sobha Realty announced a contribution of AED500 million for an endowment supporting the Arab Reading Challenge initiative. The initiative aims to promote reading, learning, and knowledge acquisition as an expression of cultural identity and a daily habit among students, and to strengthen the status of the Arabic language as a vessel of thought and culture and a core component of identity. It also advances the mission of the Mohammed Bin Rashid Al Maktoum Global Initiatives (MBRGI) to create

DAMAC International, a global leader in luxury real estate, has officially announced its entry into the Iraqi real estate market by launching Phase One of its new master community, DAMAC Hills Baghdad, featuring three clusters: Misk, Fayrouz, and Lamar. DAMAC Hills Baghdad is part of a larger development that spans 6.2 million square meters. The community is situated in a prime location facing Abbas Ibn Firnas Square, just five minutes by car from Baghdad International Airport and nearby universities, 10 minutes from the Green Zone and Al-Mansour district, and 15 minutes from the city’s leading hotels. As DAMAC International’s first project in Iraq, the

Imtiaz Developments, one of Dubai’s fastest-growing private developers and a design-led leader in luxury real estate, has completed the early handover of Pearl House II in Jumeirah Village Circle—delivered three months ahead of schedule. The milestone follows the early handover of Pearl House I just two months prior and underscores Imtiaz’s discipline in precision, quality, and on-time delivery. Imtiaz’s growth engine now spans more than 40 active projects and a development pipeline exceeding AED 10 billion, including an AED 3 billion expansion in Meydan. The company continues to strengthen its presence across Dubai Islands, JVC, Dubailand, and Meydan. Pearl House series in