Meraas Unveils Atélis At D3: A Masterpiece At Waterfront Luxury In Dubai’s Creative Heart
Meraas, a member of Dubai Holding Real Estate, has announced a dynamic addition to Dubai’s skyline with the launch of Atélis at d3, a new 45-storey residential building in the city’s creative district. Designed by SOM, the architecture and engineering firm behind some of the world’s most innovative buildings, including Burj Khalifa, the luxurious waterfront residence seamlessly blends refined interiors with lush, verdant landscape. The first building in d3 located on the Creekside shoreline and providing stunning views, Atélis at d3 features a unique configuration of 280 residences with a range of contemporary one-, two-, three-, and four-bedroom apartments. Inspired by
Investor Appetite Grows As Dubai Property Sales Jump 23% In April
Demand is high, investor confidence is steady, and the appeal of Dubai real estate, both to locals and global buyers, has never been stronger. Dubai Sales Soar in April: Off-Plan Leads, But Ready Homes Make a Strong Comeback Dubai recorded 15,213 property sales transactions in April, reaching a staggering AED 46.18 billion in value, a 23.1% month-over-month increase. While off-plan transactions made up 59% of the market, secondary sales gained ground, climbing to 41%, up from 38% in March. Average price per square foot rose by 2.05% to AED 1,730, further underscoring the city's steady price appreciation amid strong demand. Apartments were the hottest
Union Properties Delivers Strong Q1 2025 Results, Revenue Grows 18.2% And Pays Down AED179 Million Of Legacy Debt
Union Properties PJSC (“Union Properties” or “the Company”) (DFM symbol: UPP)announced its financial results for the first quarter of 2025, reporting a strong start to the year with 18.2%increase in revenue, reaching AED163 million compared withAED138 million in Q1 2024. This revenue growth is expected to continue, supported by strategic initiatives and project launches, with significant increases anticipated each quarter.This solid performance underscores the Company’scontinued focus on its core operations and the positive contributions of its high-performing subsidiaries across the UAE’s Real Estate sector.Gross profit increased to AED42.8million, representing a 25.3%increase compared to AED34million in Q1 2024, reflecting a strong gross
Hillhouse’s Real Estate Platform, Rava Partners, Expands Portfolio Of Education-Oriented Assets With First Acquisition In The Middle East
Elevate, a portfolio company backed by Rava Partners in collaboration with Alta Capital, today announced the acquisition of the real estate of Hartland International School (“HIS”) in Dubai from NBK Capital Partners Real Estate Fund advised by Janus Henderson Emerging Markets Private Investments Limited (“JHEMPIL”), valuing the school property at US$100 million. This acquisition marks Rava Partners debut in the GCC region and reflects Elevate’s strategy to scale high-quality educational infrastructure in key global markets. Hillhouse Investment (“Hillhouse”), together with Rava Partners' senior management, established the real assets platform Rava Partners in 2020. Alta Capital is the exclusive operating partner for
Dubai Tenants Demand Professionally Managed Properties, Betterhomes Survey Finds
Dubai tenants are increasingly prioritising professionally managed properties, according to Betterhomes' latest white paper, "The Value of Professional Property Management: Tenant Insights & Market Trends." Based on a comprehensive tenant survey, the findings reveal that 75% of respondents currently live in a professionally managed property, citing faster maintenance, clearer communication, and smoother living experiences as key benefits. "The results confirm what we've seen in the market, tenants today demand professional property management," said Niral Jhaveri, Director of Property Management at Betterhomes. "It's no longer just about collecting rent; it's about delivering an exceptional living experience." The data highlights clear preferences: 83% of tenants expect
Engel & Völkers Middle East Reports Double-Digit Growth For Dubai Real Estate Market In April: Residential Sales Jump 61% YOY, Office Rents Climb 22.4%
Dubai’s real estate market posted exceptional results in April, with residential sales transactions reaching 17,447—an impressive 61% increase compared to the same month last year—while commercial rental activity surged, including a 22.4% rise in average office rents and a sharp 40.8% jump in warehouse rates. These figures, published in the April 2025 report from Engel &Völkers Middle East, a leader in premium residential and commercial real estate services, underscore Dubai’s continued strength as a magnet for global capital, even amid wider economic uncertainty and shifting investor sentiment worldwide. In the residential sector, transaction volumes not only outpaced April 2024 but also
Union Properties Delivers Strong Q1 2025 Results, Revenue Grows 18.2% And Pays Down AED179 Million Of Legacy Debt
Union Properties PJSC (“Union Properties” or “the Company”) (DFM symbol: UPP)announced its financial results for the first quarter of 2025, reporting a strong start to the year with 18.2% increase in revenue, reaching AED163 million compared with AED138 million in Q1 2024. This revenue growth is expected to continue, supported by strategic initiatives and project launches, with significant increases anticipated each quarter. This solid performance underscores the Company’s continued focus on its core operations and the positive contributions of its high-performing subsidiaries across the UAE’s Real Estate sector. Gross profit increased to AED42.8 million, representing a 25.3% increase compared to AED34
SOHBA Targets Regional Tourism Surge With Brand-Backed, Owner-Focused Operating Model
SOHBA Hospitality Management has announced a strategic focus on expanding into underserved secondary and tertiary hotel markets across Egypt, Saudi Arabia, and the wider GCC, offering a scalable operating model tailored for niche and mid-sized properties and new tourism corridors. The announcement follows the company’s recent launch at Arabian Travel Market 2025 in Dubai.With leadership ties to the Thomas Cook Tours portfolio, SOHBA Hospitality Management benefits from deep-rooted expertise in tourism, travel distribution, and hospitality strategy. Dr. Sami AlHussainy, Board Member and Chairman of the Legal and Strategic Sector, SOHBA Hospitality Management,said, “SOHBA Hospitality Management has been created with flexibility and
Dubai Real Estate Market Surges In April: Residential Sales Jump 61% YOY, Office Rents Climb 22.4%
Dubai’s real estate market posted exceptional results in April, with residential sales transactions reaching 17,447—an impressive 61% increase compared to the same month last year—while commercial rental activity surged, including a 22.4% rise in average office rents and a sharp 40.8% jump in warehouse rates. These figures, published in the April 2025 report from Engel & Völkers Middle East, a leader in premium residential and commercial real estate services, underscore Dubai’s continued strength as a magnet for global capital, even amid wider economic uncertainty and shifting investor sentiment worldwide. In the residential sector, transaction volumes not only outpaced April 2024 but
Azizi Developments Sponsors Rashid Center For People Of Determination For Seventh Consecutive Year
Reinforcing its long-standing pledge to social inclusion, Azizi Developments, a leading private developer in the UAE, is sponsoring the Rashid Center for People of Determination for the seventh consecutive year. The donated funds will be used to improve classrooms and communal areas, including setting up a dedicated learning space. In his comments, Mr.Farhad Azizi,Group CEO of the Azizi group of companies, said: “As part of our sustained social responsibility efforts, we are honored to extend our partnership with the Rashid Center for People of Determination into its seventh consecutive year. This enduring collaboration is a testament to our belief in the