Dubai and Abu Dhabi both rank in the global top 10 of the Savills Next Generation Wealth Hubs Index, part of the new Spotlight on Wealth Trends report, making them two of only four locations across Europe, the Middle East and Africa (EMEA) to feature in the top 10. Published today, the index provides insight into the locations best placed to attract and retain the next generation of high-net-worth individuals, identified as those under 40 who have recently made, or inherited, their wealth. The report analyses over 100 destinations across four overarching metrics: business, governance and connectivity; wealth clusters and local environment; wealth […]

BI Group has signed a Memorandum of Understanding (MOU) with CITIC Middle East Contracting LLC, the UAE subsidiary of China’s CITIC Construction Co., Ltd., to collaborate on the construction of three upcoming real estate developments in Dubai. The agreement establishes a framework for CITIC’s proposed appointment as the main construction contractor across all three projects, while extending its involvement beyond the construction phase to include early-stage design and planning. Under the MOU, CITIC will provide technical support, value engineering, cost optimisation and construction coordination, working alongside BI Group’s development teams to assess project requirements and identify efficiencies before construction begins. […]

Sobha Realty, a leading luxury real estate developer, has signed a Memorandum of Understanding (MoU) with Rakbank, the National Bank of Ras Al Khaimah, to provide home financing solutions to eligible buyers of Sobha properties. The MoU, establishes a framework through which Rakbank will offer preferential and competitive mortgage solutions to Sobha customers purchasing eligible freehold residential properties. The partnership reflects both organisations’ commitment to creating a simpler, more transparent and customer-focused home-buying journey. Under the partnership, eligible customers purchasing ready Sobha properties across Dubai and Abu Dhabi will be able to apply for financing immediately, subject to Rakbank’s eligibility […]

Dubai’s residential property market is entering a period of stabilisation, with transaction volumes, pricing and new project launches moderating as the market moves towards a more sustainable balance, according to Savills Middle East’s latest Dubai Residential Market in Minutes Q3 2026 report. The report recorded approximately 34,500 residential transactions during the third quarter, down 4% quarter-on-quarter (QoQ) and 38% year-on-year (YoY). Total transaction value reached AED 70.8 billion, representing a 14% quarterly decline. However, Savills notes that the moderation was largely concentrated in the off-plan segment, reflecting fewer new project launches rather than a broad-based weakening in demand. Only around […]

Kasumigaseki Properties Development, the real estate development arm of Kasumigaseki Capital Co., Ltd., introduced its approach to the Emirati market, built around quality, peace of mind and purposeful innovation. The announcement marks a new chapter for the group in the United Arab Emirates, building on its established presence as a real estate investor. Through Kasumigaseki Properties Development, the group now intends to develop its own projects locally, bringing the Japanese standards of quality, care and long-term thinking that underpin its approach to real estate. The move comes as buyers and investors in the United Arab Emirates give more weight to […]

Dubai’s property market is not losing its story in 2026; it is changing chapters. After years of exceptional gains, prices and transaction volumes are normalising, giving serious investors something a runaway market rarely offers: room to negotiate, compare and select. This moderation should therefore be read less as a retreat than as a healthy reset—one that can release a new wave of opportunity for buyers with capital, patience and a clear view of fundamentals. Q3: resilient momentum and fresh opportunity Q3 data highlights a market entering a more investable phase, with activity spread across multiple segments and fresh openings for […]

Nakheel, a member of Dubai Holding Real Estate, has awarded Mar Marine & Building Contracting L.L.C. a contract for marine and beach works on Island B at Dubai Islands. Scheduled for completion by Q4 2027, the works will add 320 metres of beach frontage near Bay Villas and upgrade approximately 3km of the island’s western shoreline. The scope includes the construction of new breakwaters, removal of existing protective rock revetments and the formation of a new beach near Bay Villas. Mar Marine will also refurbish and carry out remedial works across several existing beach areas on the western side of […]

Amwaj Development, the Dubai‑based boutique real estate developer known for crafting thoughtfully designed residential communities, has announced the successful handover of Starlight Park in Meydan, completed during the first week of October. The handover marks the company’s first project handover in Dubai and a defining milestone in its growth journey. The completion underscores Amwaj’s commitment to disciplined execution and its focus on turning development vision into tangible, delivered communities. As Amwaj’s inaugural Dubai project, Starlight Park played a pivotal role in establishing early buyer confidence. Purchasers placed their trust in the developer not only for its concept and design ambition, […]

Global football star Karim Benzema is leading a growing wave of interest among prominent footballers in Dubai’s real estate market after acquiring several residences at Mercedes-Benz Places | Binghatti City, along with a luxury residence at Vision Iconic. The acquisitions add Benzema to a growing list of international football stars who have chosen Binghatti developments for luxury property ownership in the emirate. Binghatti announced Benzema’s acquisitions during the launch of Vision Iconic at Coca-Cola Arena in Dubai. The event featured a signing ceremony between the French football star and Abdullah Binghatti, Head of Sales, in the presence of Binghatti Chairman […]