PNC Menon, Founder and Chairman of Sobha Realty, a leading luxury real estate developer in the UAE, contributed AED 5 million to the BAPS Hindu Mandir, the first hand-carved temple being built in Abu Dhabi, to enhance its facilities and services offered to devotees. This reflects Sobha Realty’s unwavering commitment to its Corporate Social Responsibility (CSR), which focuses on fostering an inclusive, prosperous, and harmonious society. It also emphasises the developer’s dedication to promoting cultural diversity, peace, tolerance, and religious harmony in the UAE. PNC Menon, Founder and Chairman of Sobha Realty commented: “It is a great honour and privilege to contribute

Azizi Developments, a leading private developer in the UAE, announced the 90% construction completion of Creek Views II, Azizi’s AED 350 million luxury development on the shores of the iconic Dubai Creek in Dubai Healthcare City. The highly esteemed development is scheduled for handover by Q12024. Creek Views II’s unique design represents Dubai’s journey from its traditional past to a modern, reinvented future. It is strategically located in the most central part of the city and offers excellent connectivity. It comprises 587 residences across 116 studios, 436 one-bedroom apartments, and 35 two-bedroom residences, featuring two swimming pools, a sauna, a steam

The UAE’s property market will see the delivery of 42,000 residential units across Dubai and Abu Dhabi in 2024. Approximately 34,000 units are scheduled to be delivered in Dubai, while 8,000 units are anticipated in Abu Dhabi this year, according to a report from global real estate services company JLL. The outlook is consistent with Dubai’s booming real estate sector last year, which witnessed an uptick in its supply of new residential units in 2023. According to JLL, 36,000 new homes were delivered last year, with apartments comprising the majority, which raised the total stock to over 719,000 units. Similarly, in Abu Dhabi,

Dubai-based Damac Properties has launched Altitude in Business Bay, its first launch of 2024. The tower is part of the series that includes Canal Heights 1 and 2 and Canal Crown. The design of the De Grisogono-branded tower is inspired by one of the Swiss luxury jeweller’s gems, ‘The Opal,’ a rare stone, the developer said in a press statement. Altitude will boast an impressive array of amenities designed to provide residents with a truly out-of-this-world experience. The tower will have a zero-gravity pool, allowing residents to don astronaut suits to experience zero gravity while swimming. Solar-powered sun loungers will enable residents to

Dubai’s buoyant residential market is poised to witness the handing over of more than 40,000 units in 2024 on the back of close to 100,000 new units launched in 2023. The housing sector, which posted the largest annual price increase of 16.4 per cent in over a decade last year, will continue to add to the robust pipeline of supply that will be delivered in the years ahead, according to Property Monitor, a leading real estate technology and market intelligence provider. The increasing supply of units over the next three to five years will see the supply-demand relationship gradually moving back in

Venture with Dubai-based developers Binghatti to create Mercedes-Benz Places | Binghatti in Downtown Dubai with unobstructed views of the Burj Khalifa Mercedes-Benz Places is shaping desirable living spaces and creating communities for people seeking extraordinary brand moments and advanced mobility solutions Stuttgart/Dubai. Today at the Meydan Hotel in Dubai, Mercedes-Benz revealed Mercedes Benz Places | Binghatti – a new state-of-the-art venture to merge the worlds of automotive and architecture. The project breaks ground in Dubai this year when Mercedes-Benz joins forces with local real-estate developer Binghatti Properties to commence construction of Mercedes-Benz Places | Binghatti. This will take the form of a

The real estate and properties transactions valued at 13 billion in total during the week ending 19 January 2024. The sum of transactions was 3,697. 184 plots were sold for AED 2.01 billion, 2,770 apartments and villas were sold for AED 7.46 billion. The top three transactions were a land in Al Wasl sold for AED 170 million, followed by a land that was sold for AED 120.5 million in Madinat Dubai Almelaheyah, and a land sold for AED 79.72 million in Bukadra in third place. Madinat Hind 4 recorded the most transactions for this week by 44 sales transactions worth AED 91.26

Alphabeta Properties, a leader in innovative real estate development, is proud to announce the launch of its highly anticipated residential project, M77, located in the prestigious Meydan Avenue, Nad Al Sheba. This exclusive development marks a new era in luxury living, offering a limited number of meticulously crafted residences. Not Just Homes, a Lifestyle Auction What sets M77 apart is the groundbreaking approach to resident selection. Unlike conventional rental procedures, M77 will determine its residents through an invite-only auction, a pioneering concept in Dubai's real estate landscape. This innovative process adds an element of exclusivity, ensuring that those who call M77 home

The Heart of Europe (THOE), a visionary project by Kleindienst Group, (a leading global real estate corporation and the largest European family-owned business in the UAE)took centre stage at the 2nd Ayush Conference & Exhibition in Dubai, showcasing its dedication to growing the wellness industry.The conference was held from 13 – 15 January at the Dubai World Trade Centre. It brought together key people and organisations from the wellness industry. Josef Kleindienst, founder and chairman of Kleindienst Group said, “Our participation in this renowned conference demonstrates our constant dedication to transforming the landscape of wellness in real estate. The Heart of

haus & haus Real Estate has revealed key data, trends and insights from 2023 that look set to shape the market in the year ahead with the publication of its industry leading Market Insights, covering 24 different communities and 1 Off Plan development. After a record-breaking 2023 for the Dubai property sector, this annual report offers investors, buyers, and sellers an insider look at the current state of the market, focusing on top areas and flagging important trends. Charlie Bannan, the recently promoted Managing Director at haus & haus commented: "Our Market Insights offer a unique overview across many of the main