Top Nationalities Driving Sobha Realty’s Global Appeal
Dubai continues to solidify its position as a global real estate hub, attracting discerning investors from across the world. Sobha Realty, a name synonymous with luxury and innovation, has proudly announced the top nationalities investing in its diverse portfolio of projects, showcasing its unmatched appeal to international buyers seeking excellence and value. Top Nationalities Driving Sobha’s Global Success Sobha Realty’s projects attract investors from India, China, Iran, the UK, and the US, cementing its reputation as a global leader in real estate. Here’s a breakdown of the top nationalities associated with specific projects: 1. Sobha Hartland 2 Dubai’s most premium master community spans an
Sobha Realty Awards AED 150 Million Special Bonus to Employees in Recognition of Dedication
Sobha Realty, a leading global luxury real estate developer in Dubai, has announced a continuation of its special bonus program for its employees, reaffirming its commitment to recognising their dedication and hard work. In recognition of the unwavering contributions of its team members, the company has allocated an AED 150 million bonus for employees not already covered by incentive programs. This initiative, which spans multiple departments, reflects Sobha Realty’s acknowledgement of the collective efforts driving its continued success. Mr. Ravi Menon, Chairman of Sobha Group, remarked, "We extend our heartfelt appreciation to the essential pillars of Sobha Realty, the exceptional individuals who
QUBE Development Breaks Ground In Dubai Studio City With Phase 1 Of Arisha Terraces Sold Out
QUBE Development, the renowned international real estate developer celebrated for their high-quality residential and commercial properties, and distinctive communities, announces the official groundbreaking of its visionary project, Arisha Terraces, in Dubai Studio City. With Phase 1 of the project already sold out, this ceremony marks a further significant milestone, as it celebrates the official commencement of construction, set to redefine community living in Dubai's emerging investment hotspot. Arisha Terraces, set for completion in 2027, will feature 414 residential units across four low-rise buildings. With starting prices at AED 698,000, the project offers a range of studio, one-bedroom, and two-bedroom apartments, catering
EDGNEX Data Centers by DAMAC Announces Expansion into the U.S. Market with 2000MW projected future capacity
Dubai-headquartered global digital infrastructure company EDGNEX Data Centers by DAMAC (fully owned by global group DAMAC) has announced its strategic entry in data centers into the United States market, marking a transformative phase in its international expansion. The announced US expansion will deliver state-of-the-art data centers targeting a 2000MW capacity over the next four years. EDGNEX announced an initial investment of $20 Billion with potential plans of doubling the investment on the basis of future demand, market opportunity and scalability. This endeavor is aligned with EDGNEX’s commitment to building world-class digital infrastructure platforms targetting hyperscalers, AI players, and Fortune 500
2024 Marks Another Record-Breaking Year For Dubai’s Real Estate Market With Property Prices On The Rise
Bayut, the UAE's leading property portal, has unveiled its comprehensive report on Dubai's most-searched real estate areas for 2024. The findings reveal a sustained rise in property prices across popular neighbourhoods, driven by robust demand, a steady supply of new inventory and Dubai’s growing allure for high-net-worth individuals attracted by its economic prospects and favourable tax policies. Trends in Property Buying in Dubai Bayut's data has revealed significant price increases for both apartments and villas in popular Dubai neighbourhoods, particularly for villas in Arabian Ranches, which saw rises of up to 56%. Buyers and investors interested in affordable property options have
Azizi Developments Delivers 19 Projects And Sells Over 10,000 Units In 2024, With 25 Building Completions Planned For 2025
Azizi Developments, a leading private real estate developer in the UAE, has concluded 2024 on a high note with a record-breaking project delivery and sales performance. Azizi has completed thousands of units across 19 projects, as was planned and announced in 2023, with 6,979 units to now be completed across 25 projects in 2025. Moreover, the developer has recorded the sale of 10,229 units, representing a 15.8% increase compared to 2023, with a total sales value exceeding AED 10bn. This remarkable achievement underscores Azizi’s commitment to delivering exceptional, high-quality homes and contributing to the satiation of the rising demand for upscale
The Woodland Residences Reaches Construction Milestone With Enabling Works Fully Completed
AMIS Development today announced a milestone for The Woodland Residences, its groundbreaking luxury real estate project in Dubai. The enabling works for the AED 425 million development are now 100% complete. Located in the vibrant District 11 of Meydan, The Woodland Residences was completely sold out within a week of its January 2024 launch. The project boasts a sellable area of 220,000 square feet, redefining branded residences by integrating cutting-edge design with seamless functionality. AMIS has partnered with Laminam to incorporate Automobili Lamborghini-branded surfaces in every villa of the project, ensuring that the interiors exude exclusivity and sophistication. This collaboration highlights AMIS's
DAMAC Maison Aykon City Blurs The Line Between Home And Luxury
DAMAC Maison Aykon City, located along Sheikh Zayed Road and overlooking the radiant Dubai Canal, is a sanctuary of luxury and exclusivity, offering a seamless blend of comfort, privacy, and refinement. Having firmly established itself as a premier destination for staycations and extended stays, the property embodies the concept of a 'It's Your Home', offering guests the perfect balance of comfort, privacy, and luxury. Blending opulence with a sense of ease, Aykon City's collection of serviced apartments—ranging from sleek studios to expansive three-bedroom residences—caters to every need. Floor-to-ceiling windows, scenic balconies, and modern kitchens create an inviting sanctuary, offering panoramic views
Dubai’s Burj Khalifa Marks 15th Anniversary With AED 467.1 Million In Home Sales In 2024
Emaar's Burj Khalifa, the world's tallest building, celebrates its 15th anniversary as a cornerstone of Dubai's luxury real estate market, completing home sales of AED 467.1 million according to preliminary 2024 sales data analysis by global property consultancy, Knight Frank. Knight Frank's analysis reveals that in 2024, residential sales in the iconic tower reached were just 5.7% lower than in 2023 (AED 495.2 million), despite a 27% drop in the number of homes available for sale in the building, highlighting its sustained appeal, especially among high-net-worth individuals. Average prices in the Burj Khalifa at the end of 2024 stood at AED 3,000
50% Growth, AED5.65bln Sales In 12 Months Record Sales For Reportage In The UAE And Abroad
Reportage Group, the leading UAE real estate developer, announced record sales estimated at approximately AED 5.65 bn ($1.5 bn) from January until the end of 2024, with a growth of more than 50% compared to the same period last year. The "Reportage Properties" portfolio includes 50 projects in the UAE, Egypt, Turkey, Morocco, Saudi Arabia, East Africa (Rwanda, Uganda), and Azerbaijan. Andrea Nucera, Managing Director, confirmed that the company continued outstanding performance during 2024, which is evident in the increase in sales. That will prove "Reportage Group's" ability to keep pace with market changes and launch new projects that meet the requirements of diverse