Otis Worldwide Corporation (NYSE: OTIS) has been selected by Sobha Realty, a leading luxury real estate developer, to supply and install 303 elevators in its five major projects in Dubai. Otis is the world’s leading elevator and escalator manufacturing, installation and service company. In line with the agreement, Otis will deliver 123 Gen2® elevators for Sobha Reservé, 43 Gen2 elevators for Sobha Hartland II, 33 SkyRise®, 24 AriseTM, 52 Gen2 Home and six Gen2 elevators for Sobha One, 13 SkyRise elevators for Verde by Sobha and six SkyRise, one Arise and two Gen2 elevators for Sobha Waves Opulence. Otis will install the elevators

Meraas, a member of Dubai Holding Real Estate, has awarded a construction contract worth over AED 1 billion to China State Construction Engineering Corporation (Middle East) (L.L.C) for Bluewaters Bay. Following the overwhelming response received for the project, this milestone marks a significant step in creating Dubai’s next iconic waterfront destination, with completion scheduled for Q4 2027. Bluewaters Bay will feature two residential towers linked by a dynamic podium, offering 678 apartments, ranging from one to four bedrooms, including penthouses. The development will also host retail and F&B outlets on the podium level, complemented by exceptional amenities such as landscaped promenade,

Oman headquartered Bank Muscat has successfully concluded the sale of Mövenpick, Jumeirah Beach Residences Dubai.  Bank Muscat was managing the investment asset for a number of large regional shareholders including sovereign wealth fund(s). The landmark transaction was structured and executed by the leading property consultancy, Knight Frank MENA, acting exclusively on behalf of the Bank. The iconic hotel was bought by A. A. Al Moosa Enterprise (ARENCO Group), a large UAE private family conglomerate with interests in real estate, hospitality, automotive, design, interiors, logistics, commercial laundry etc. Situated at the core of JBR – one of Dubai's most sought-after retail, hospitality and

Azizi Developments, a leading private developer in the UAE, has announced that the construction of Azizi Central, its contemporary residential development in Al Furjan, has reached 21% completion, with the handover expected for Q4 2025. The project has made significant progress, with structural work and blockwork now at 55% and 22%, respectively. The workforce has also been scaled up to420to expedite construction further. Mr. Farhad Azizi, Group CEO of the Azizi group of companies, said: “We are thrilled with the steady progress being made at Azizi Central, a key addition to the highly-acclaimed growth corridor of Al Furjan. Our commitment to timely

LEOS Developments, the award-winning international property and lifestyle developer, introduces Weybridge Gardens 4. A 15-story residential development providing 294 apartments, ranging from studios to 4 bedroom sky villas each with its own private pool, embodying blooming luxury. With a Gross Development Value of AED 475 million, the project offers sophisticated British standard of quality featuring a Tuscan inspired sky beach, cascading jacuzzis, world-class amenities and nature inspired architecture, situated in the heart of Dubailand LEOS Developments will introduce 30 exclusive 4 bedroom sky villas, each a masterpiece of luxury. These expansive sky villas will feature a private pool, spa like bathrooms,

Vincitore Realty, Dubai’s leading boutique designer developer, has successfully delivered its new project – Vincitore Benessere – Dubai’s first iconic wellness residential landmark. This unique masterpiece is the first real estate development to be delivered in Dubai real estate in 2025 and brings a new way of living to the Gulf, focusing on health and well-being. By moving from "price per square foot" to "wellness per square foot,” Vincitore Realty is pioneering the future of luxury wellness living in Dubai and opening a new chapter that will change Dubai real estate forever. Strategically located in Arjan, adjacent to the Dubai Miracle Garden,

Object 1’s flagship sustainability development, EVERGR1N HOUSE, located in the heart of Dubai’s Jumeirah Garden City, is on track for completion with handover scheduled for Q2 2026. Offering exceptional value with prices starting from AED 995K, This highly anticipated development features 219 residential units, ranging from studios to two-bedroom apartments, with sizes spanning from 37 m² to 106 m², catering to diverse lifestyle preferences. In line with the UAE’s Green Agenda 2030, which emphasizes sustainable development, environmental responsibility, and improved quality of life, EVERGR1N HOUSE establishes a new benchmark in urban living. The development features eco-conscious design and cutting edge smart

"While much of the conversation around Dubai's property market in 2024 has centred on whether a slowdown is imminent, the numbers tell a different story," said Luke Remington, Managing Director of haus & haus. "By analysing over 30 communities, our report highlights the key areas driving growth, providing fresh perspectives for anyone covering the market." 2024 in Numbers Dubai's real estate market has exceeded expectations in 2024, continuing its upward trajectory. Total sales value:AED 423.15 billion (+35% YoY) Transactions:695,608 (+9% YoY) Average price per sq.ft.: AED 1,702 (+6% YoY) A Significant Year for Off-Plan Properties 2024 marked a standout year for Dubai's off-plan property

Innovate Living has revealed the record-breaking sale of Allegra, a 28,154-square-foot villa located on G Frond, Palm Jumeirah. The villa, listed at AED 230 million, solidified the company’s reputation as a leader in delivering contemporary minimalism and understated luxury in Dubai. The extraordinary sale of the villa, facilitated by Sotheby’s International Realty, ranks among Dubai’s most notable property transactions, highlighting the market's growing preference for timeless and sophisticated elegance. Inspired by Southern California’s effortless charm and the breathtaking ocean views of Palm Jumeirah, Allegra is an urban sanctuary that merges the laid-back aesthetics of an LA beach house with the refinement of

LEOS Developments, the award-winning international property and lifestyle developer, introduces Weybridge Gardens 4. A 15-story residential development providing 294 apartments, ranging from studios to 4 bedroom sky villas each with its own private pool, embodying blooming luxury. With a Gross Development Value of AED 475 million, the project offers sophisticated British standard of quality featuring a Tuscan inspired sky beach, cascading jacuzzis, world-class amenities and nature inspired architecture, situated in the heart of Dubailand. LEOS Developments will introduce 30 exclusive 4 bedroom sky villas, each a masterpiece of luxury. These expansive sky villas will feature a private pool, spa like bathrooms,