OMNIYAT Properties Leads Dubai’s Ultra-Luxury Real Estate Market Sales Of USD 10 Million-Plus Apartments: Property Monitor
OMNIYAT Properties, the visionary developer behind some of the world’s most iconic ultra-luxury real estate projects,has solidified its leadership position in Dubai’s ultra-luxury market, achieving AED 2.94 billion (over USD 800.2 mn) in sales in 2024. According to data from Property Monitor,the UAE’s leading real estate technology and market intelligence provider, OMNIYAT Properties captured more than one-third (37%) of the transactions in the USD10 million-plus residential segment. OMNIYAT’s dominance in the super-prime category of apartments valued over USD10 million-plus reflects Dubai’s status as the global capital of ultra-luxury living. The super-prime segment represents the pinnacle of exclusivity, attracting the world’s most
Ellington Beach House: A Celebration Of Art, Design, And Beach Living
Ellington Properties, Dubai’s renowned design-focused real estate developer, proudly celebrated the completion of Ellington Beach House, its first development on the iconic Palm Jumeirah. This landmark occasion was marked with an exclusive event on January 20, which not only commemorated the completion of the project but also highlighted Ellington’s commitment to art and community through the Ellington Art Foundation. As part of the celebration, Ellington Properties presented a curated art showcase in collaboration with Art Be A Part, highlighting exceptional creations by local artists. A key highlight of the event was the unveiling of bespoke artworks, thoughtfully integrated throughout the property
Azizi Developments Unveils Azizi Wasel On Dubai Islands
Azizi Developments, a leading private developer in the UAE, has announced the launch of Azizi Wasel, its new oceanfront residential project located on the picturesque Dubai Islands. Offering breathtaking sea views with a backdrop of the emirate’s iconic skyline, the development reimagines waterfront living by seamlessly blending modern comfort, elegance, and unparalleled convenience. Azizi Wasel features a variety of luxurious residences, including panoramic penthouses, studios, one-, two, and three-bedroom apartments. Each unit is thoughtfully designed to focus on contemporary sophistication, providing beautiful views of the sea and the cityscape. The project combines the serenity of the seaside with the vibrancy of
REEF Luxury Developments Launches Its AED300mln Project In Al Furjan – REEF 999 With Its Signature Climate-Controlled Sunken Balcony
Building on the remarkable success of REEF 1000, REEF Luxury Developments – a pioneer in innovative real estate solutions – has announced the launch of its second luxurious project REEF 999 strategically located in Al Furjan, Dubai the vibrant and family-friendly area. The new residential project will feature REEF Luxury Development’s patented climate-controlled sunken balcony and unique winter gardens making it a standout addition to the Global real estate landscape and Dubai’s in particular. REEF 999 offers 142 units, including 108 one-bedroom apartments, 20 two-bedroom apartments, 4 three-bedroom apartments, and 10 exclusive villas with private winter gardens. Unit specifications are as follows: One-bedroom apartments starting
Mardi Holding Expands Into The UAE Real Estate Market
Mardi Holding, one of the biggest real estate development companies in Georgia, has announced its official expansion into the UAE. This strategic move is designed to attract investors to prestigious branded developments in Georgia from developer Mardi Holding with a cooperation agreement with world leading hospitality group Accor. Mardi Holding is based in Batumi and has been active in the real estate market since 2010 – but has a history spanning over 30 years covering various sectors. With nearly fifteen large scale projects successfully completed since the establishment of its real estate arm in 2010, Mardi Holding is renowned for its high-quality residential, commercial,
Sobha Realty Records Historic AED 23bln In Sales For 2024
Sobha Realty, a leading global luxury real estate developer renowned for its commitment to exceptional quality and innovation, concluded 2024 with record-breaking sales of AED 23 Billion - of which AED 5 Billion from Sobha Siniya Island that was launched in Q3 2024. This milestone underscores the growing demand for Sobha Realty’s luxurious developments. The company achieved an impressive ~50% growth in sales year-on-year, driven by its diverse portfolio of properties in the UAE. Sobha Realty has successfully surpassed its ambitious target for 2024 and has set its sights on reaching AED 20 billion for Dubai Developments and AED 10 billion
Currie & Brown To Oversee Execution Of MERED’s ICONIC Residences Design By Pininfarina
MERED, the renowned international real estate developer, has announced Currie & Brown, a global leader in project management, cost management, and advisory services, as the appointed cost management consultant for its flagship project – ICONIC Residences design by Pininfarina. Currie & Brown operates across the Middle East, Americas, Asia Pacific, Europe and India. They help clients navigate volatility and unpredictability, providing the certainty that enables better, more sustainable built environments for all. Their role in ICONIC Residences is to ensure cost-effective solutions that align with MERED’s commitment to quality and sustainability. Michael Belton, Chief Executive Officer at MERED, commented: "We are proud to
A New Boutique Experiential Living Concept Is Set To Reimagine Dubai’s Premium Real Estate Sector
A Dubai-based real estate company is set to bring a completely different perspective to the real estate sector in 2025 with a new division dedicated to developing boutique living opportunities in iconic locations. Standing out in the ‘sea of sameness’ which makes up today’s property market, AVENEW Development – a new arm of AVENEW real estate – is a private, high-end development company which will offer extraordinary lifestyle experiences and set a new standard of living which has never been seen before. The brand seeks inspiration from art, fashion, and culture but most importantly it pays particular attention to what modern homeowners want and
Freehold Shift Is ‘Pivotal Step’ For Dubai Real Estate
Dubai’s decision to let property owners in the Sheikh Zayed Road and Al Jaddaf areas convert their ownership status to freehold is a pivotal step for the city’s real estate sector, says Firas Al Msaddi, CEO of fäm Properties. “This bold new initiative is a win for all stakeholders - investors, developers, and Dubai’s real estate market as a whole,” said Al Msaddi. “It will not only attract a larger pool of investors, but also enhance the long-term resilience and growth of the market.” “Both Al Jaddaf and Sheikh Zayed Road are now positioned as prime real estate hotspots.Granting freehold ownership to
Another Milestone, Another Masterpiece: Alpago’s Legacy Shines On Dubai’s Billionaire’s Row
Alpago Properties, a prestigious subsidiary of Alpago Group, proudly announces the sale of yet another architectural marvel – Kural Vista – a stunning 5-bedroom villa located on Palm Jumeirah’s Frond G, one of Dubai's most exclusive addresses. This landmark achievement is more than just a high-value sale; it’s a celebration of Alpago’s leadership in the ultra-luxury real estate scene, reflecting an unwavering commitment to offering exceptional living experiences to the world’s most discerning individuals. It is an enduring promise of timeless quality and distinction. Kural Vista: Where Grandeur Meets Serenity Nestled in the heart of Palm Jumeirah’s most exclusive enclave, Kural Vista offers a