News

As Dubai real estate heads for another new peak in 2024, property sector growth is set to continue over the next two years, with a record 90,000 new homes entering the market during this period. Figures released by fäm Properties today underline the market’s capacity to keep pace with demand, with 1,034 projects, adding up to a total of 288,020 units, currently under construction. Meanwhile, the all-time high of 101,654 yearly launched units set in 2023 looks set to be eclipsed, with the total for 2024 currently standing at 99,779, and counting. Speaking ahead of The Game Changers - Dubai Real Estate Summit

Jad Global Real Estate Development announced the groundbreaking of its new project, "171 Garden Heights," with a total investment of AED 250 million, located within the Jumeirah Garden City development, spearheaded by Meraas. "171 Garden Heights" features 171 fully furnished residential units, including studios and one- and two-bedroom apartments. The project blends luxury living with smart investment opportunities, setting a new benchmark for sophisticated urban lifestyles in Dubai, close to key landmarks such as Sheikh Zayed Road, the Dubai Exhibition Centre, DIFC, Emirates Towers, Downtown Dubai, City Walk, and Jumeirah. This project marks the official sales launch and signifies a new milestone

In line with the wise leadership’s vision and the country’s strategic directions in promoting digital transformation and innovation, Dubai Land Department (DLD) has signed a Memorandum of Cooperation with Keyper Holdings, one of the companies under the REES real estate innovation initiative aimed at improving property management through advanced digital solutions. These solutions will enhance efficiency, simplify processes, and embed innovation in the real estate sector. The agreement was signed by Majid Al Marri, CEO of the Real Estate Registration Sector at Dubai Land Department, and Omar Abu Innab, Co-Founder and CEO of Keyper Holdings Ltd, on the sidelines of the

Select Group, a leading real estate developer known for its commitment to excellence and innovation in residential living and well-being, is pleased to announce that it has awarded Arabian Construction Company (ACC) the construction contract for its iconic ultra-luxury development, Six Senses Residences Dubai Marina, with a gross development value (GDV) of over USD 1 billion. Strategically located in the vibrant Dubai Marina district, the ultra-luxury 122-storey development embodies the essence of urban sophistication. It offers residents an unparalleled wellness and lifestyle experience amidst stunning panoramic views of Palm Jumeirah, Dubai Harbour Beachfront, Emirates Golf Course, Dubai Marina, Blue Waters, and

A landmark sale has set a new record in Dubai's real estate market. A fully upgraded, ready apartment on Jumeirah Bay Island, also known as Bulgari Island, has been sold for a staggering price close to AED 17,000 per square foot—the highest ever achieved for a ready apartment in the city. This historic transaction was handled by esteemed real estate agents Lina Allaoa and Kianoush Darban of Driven Properties who represented the seller in this record-breaking deal. Renowned for breaking records and solidifying the company's dominance in this exclusive location, their exceptional expertise continues to elevate the standards of luxury real

Tiger Properties, a leading real estate developer in the UAE, successfully handed over Nobles Tower, a 46-storey luxurious residential development in Business Bay, Dubai. The official handover took place on October 14, 2024, the process highlights Tiger Properties' dedication to maintaining stringent quality measures, ensuring that each unit meets the highest benchmarks of craftsmanship and finishing. Nobles Tower offers a prestigious selection of 1, 2, and 3-bedroom furnished apartments, designed with exceptional attention to detail and equipped with premium interior architecture. The tower features 549 meticulously crafted units, each offering expansive living spaces with floor-to-ceiling windows, bringing in natural light and

Nakheel, a member of Dubai Holding’s pioneering real estate arm Dubai Holding Real Estate, has awarded three major contracts, collectively valued at more than AED 5 billion, for the construction of exclusive ultra-luxury villas on the first six fronds of Palm Jebel Ali, scheduled for completion by late 2026. The contracts, awarded to Ginco General Contracting, Shapoorji Pallonji Mideast and United Engineering Construction Company (UNEC), mark a significant milestone in the ongoing development of this landmark waterfront destination in Dubai.  The scope of work under the three contracts includes the construction of 723 luxurious Beach Collection and Coral Collection villas with exclusive

Arista Properties, a prominent name in luxury real estate development, proudly announces a landmark partnership with New Systems Engineering LLC, one of the UAE’s most acclaimed construction firms for development of their flagship project Wadi Villas. Nestled within the highly coveted Meydan District 11, New Systems Engineering LLC will be developing Wadi Villas, a groundbreaking project that sets a new horizon for ultra-exclusive, contemporary living. Enabling works for Wadi Villas began in July 2024, marking the start of a journey that will redefine elite living. Designed by the renowned HBA Architecture, celebrated for its rich history of architectural innovation, the development

Ohana Development, the luxury real estate developer, announces its plans to launch a luxurious branded residence project in partnership with a world-leading global luxury brand. This exclusive development, will be located in Abu Dhabi, and is set to redefine luxury beachfront living in the UAE. Scheduled for an official reveal in Q1 2025, this project marks another branded residence development by Ohana Development, following the success of its recent Elie Saab Waterfront by Ohana. Engineer Husein Salem, CEO of Ohana Development said, “We are thrilled to partner with one of the world’s most renowned luxury brands, bringing unparalleled beachfront living experiences to

Asteco Property Management, a leading real estate services company, has won the “Property Consultancy Company of the Year” award at the Smart Built Environment Awards 2024 that recently took place in Dubai. The recognition highlights the company's dedication to ensuring that all client requirements are not only met but exceeded. Asteco’s commitment to providing comprehensive, strategic advice allows clients to make well-informed decisions to drive their success. "We are incredibly honored to be recognised as the 'Property Consultancy Company of the Year' at the Smart Built Environment Awards 2024," said Randy Fink, CEO at Asteco. "This award is a testament to