Almal Real Estate Development Prepares For Major Expansion Into Commercial Sector And International Markets
Almal Real Estate Development is soon to announce its upcoming expansion into new verticals and international markets as part of its strategic growth plans for 2030. The company, known for its innovative luxury residential and hospitality developments, is preparing to diversify into the commercial sector with the introduction of The Smart Space, a network of business centers in UAE featuring five-star amenities. Additionally, Almal is entering new markets in Bali and Thailand as a community developer, focusing on villa and townhouse projects. The expansion into the commercial real estate sector will be marked by the upcoming launch of The Smart Space,
Metropolitan Capital Real Estate Registers Record 2024 Year With Sales Transactions Surging 60% To AED 4.8 Billion
Metropolitan Capital Real Estate (MCRE), a leading full-service real estate agencyin Abu Dhabi and part of the Metropolitan Group, has announced exceptional results for 2024 in the Abu Dhabi real estate market. The company closed over 1,200 deals, representing a remarkable 48% increase compared to 2023. The total value of these deals reached AED 4.8 billion, a 60% increase from AED 3 billion in 2023.The average transaction value also rose 21%, reaching AED 4 million. MCRE’s outstanding performance reflects the record growth seen in the Abu Dhabi real estate market last year. In the freehold areas, the Capital witnessed over 14,620 transactions
Global Real Estate And Immigration Leaders Converge In Dubai For IREX 2025
The twentieth edition of IREX 2025 will take place from 7th to 8th February 2025 at Hotel Taj, Business Bay, Dubai. This premier event serves as a unique platform offering diverse opportunities for international real estate investments and residency and citizenship by investment programs to Dubai investors. IREX caters to high-net-worth individuals and affluent investors seeking opportunities in international real estate and luxury properties. The event is expected to attract over 500 visitors and feature prominent international real estate developers and marketing companies. Participants will include companies from the USA, Canada, Greece, Cyprus, Portugal, Malta, the Caribbean, and specialized EB-5 companies
Azizi Developments ‘Azizi Venice Reaches 28% Construction Milestone
Azizi Developments, a leading private developer in the UAE, has announced that construction work at the launched buildings within Azizi Venice, its mixed-use community in the rapidly growing Dubai South, has reached 28% completion. Set entirely on a swimmable crystal blue body of water that is one of the largest lagoons of its kind in the world, the project is progressing swiftly, with several more buildings to be released in the coming weeks. Residences launched in the first phase of Azizi Venice are taking shape rapidly. Azizi Venice 3, which is set for completion in Q2 of 2025, is now 43%
Klickl Partners With IMKAN Properties To Pioneer Cryptocurrency Payments In UAE Real Estate
Klickl, the UAE-based Web3 financial platform, has announced a collaboration with IMKAN Properties, a leading global real estate master developer based in Abu Dhabi, to facilitate property purchases through cryptocurrency. This collaboration is set to revolutionize real estate transactions by introducing an innovative financial model that will elevate the home-buying experience for regional and international buyers alike. The collaboration reflects a growing demand for alternative payment solutions in high-value sectors like real estate, particularly from international investors who seek secure, fast, and flexible options. By offering Klickl's cutting-edge cryptocurrency payment processing system, IMKAN aims to provide customers with seamless access to these
Mr. C Residences Downtown By ALTA Real Estate Development Announces Sales Launch
Step into a world of sophistication as ALTA Real Estate Development announces the official sales launch of Mr. C Residences Downtown—a collection of exclusive homes that bring the timeless elegance of the Mr. C legacy to life in Dubai’s vibrant Downtown district. This is more than just a residence; it’s an invitation to experience a lifestyle where European charm meets modern urban refinement. Developed in collaboration with the renowned Mr. C brand with Ignazio and Maggio Cipriani, Mr. C Residences Downtown promises bespoke design, exceptional service, and unmatched amenities. "With Mr. C Residences Downtown, we are once again redefining branded living in
Off-Plan Sales Dominate Dubai’s Real Estate Market As Strong Investor Demand Continues Into 2025
Dubai’s real estate market remains a global hotspot for investors, with off-plan transactions accounting for 63% of all property sales in 2024, up from 54% in 2023, according to Engel & Völkers Middle East’s latest report. The shift toward off-plan properties highlights the increasing demand for new developments, driven by competitive pricing, attractive payment plans, and limited supply in the secondary market. Total residential sales transactions surged by 40.3% to 170,992 units in 2024, more than five times the number recorded in 2020, underscoring sustained investor confidence in Dubai’s property market. Apartment sales led the way, growing by 47.6% year-on-year and accounting for nearly 90%
Deyaar Launches Phase 2 Of ParkFive, Expands Wellness-Focused Luxury Community In Dubai Production City
Building on the tremendous success of Phase 1, leading real estate developer, Deyaar Development PJSC (Deyaar), has announced the launch of Phase 2 of Park Five, a wellness-focused luxury residential community in Dubai Production City. Phase 2 will see the launch of 343 residential units that are sure to transform urban family experiences in Dubai. Phase 2 presents an innovative collection of studio, one bedroom two-bedroom and three-bedroom residences, designed to meet the sophisticated needs of contemporary urban families. These living spaces represent a thoughtful integration of comfort, functionality, and community-driven design. Saeed Mohammed Al Qatami, CEO at Deyaar Development, shared his vision:
Knight Frank: Dubai Luxury Residential Market Sets New Record With 435 US$ 10 Million Home Sales In 2024
Dubai's luxury residential market achieved new heights in 2024, setting a new record for US$ 10 million+ home sales, according to the latest analysis from global property consultant, Knight Frank. The emirate recorded 435 sales above US$ 10 million, surpassing the 434 US$ 10 million+ transactions registered during 2023, further cementing Dubai's position as the world's leading market for luxury home sales. The total number of sales above US$ 10 million in 2024 was bolstered by a remarkable performance in Q4, which saw 153 deals – the highest quarterly figure on record for this segment. Faisal Durrani, Partner – Head of Research,
Record Demand-Supply Gap In Dubai Real Estate
Dubai’s real estate market experienced a landmark year in 2024, driven by unprecedented demand in both residential and office sector. As supply struggles to keep pace, the market is seeing record-breaking growth in rents, prices, and transaction volumes according to data from Cushman & Wakefield Core’s Dubai Annual Report 2024-2025. With no sign of slowing demand, 2025 will see further increases, despite more stock coming to market, particularly in the residential market. Looking ahead to 2026/2027, major project completions, and regulatory adjustments will help address the imbalance, bringing more stability to the market and reinforcing Dubai’s position as a global