Dubai’s luxury residential market has become synonymous with record-breaking property transactions, soaring values and an influx of international wealth. But beyond the record-breaking sales, another trend is reshaping Dubai’s most prestigious neighbourhoods. Rather than searching for a new home, an increasing number of affluent homeowners are choosing to completely reinvent the ones they already own. According to Dubai-based multidisciplinary design consultancy Imperium Group, demand for luxury villa renovations has increased by an estimated 35 to 50 per cent over the past five years, driven by homeowners investing millions of dirhams to transform existing properties into bespoke residences tailored to their […]

Project Management Institute (PMI) and Sobha Group have signed a strategic Memorandum of Understanding (MoU) to strengthen project management capabilities, accelerate professional development, and promote globally recognized best practices across the group. Bringing together one of the region’s leading real estate and development groups and the world’s leading authority on project management, the partnership reflects a shared commitment to developing future-ready talent and driving project excellence. The MoU was signed by Mr. Francis Alfred, Managing Director of Sobha Realty and Mr. Hanny Alshazly, Managing Director for the Middle East and North Africa at Project Management Institute, during an official ceremony […]

Dubai’s real estate market continues to show signs of its maturity, with performance increasingly driven by asset type, location and underlying demand rather than broad market-wide growth, according to new research from Chestertons Global. The firm’s Q2 2026 Dubai Real Estate Market Report found that while industrial and retail sectors continued to deliver strong annual growth, office and residential markets entered a more measured period following several years of rapid expansion. The findings suggest the market is creating increasingly unique opportunities across different sectors, even as it demonstrates renewed resilience following a period of regional uncertainty earlier in the year. Industrial remained Dubai’s standout performer during the […]

KORO Development has announced the completion and handover of KORO One, the brand’s inaugural residential development. Completed in March 2026, with handovers commencing in June 2026, the milestone marks the beginning of KORO’s residential portfolio and the next chapter in ALTA Real Estate Development’s continued expansion across Dubai. Launched by ALTA Real Estate Development, KORO was created to bring a fresh perspective to urban living through design-led residences that balance functionality and contemporary architecture. Building on ALTA’s experience delivering some of Dubai’s most distinguished addresses, KORO extends that expertise into a residential offering centred on everyday living and long-term value. […]

Meraas, a member of Dubai Holding Real Estate, has awarded a contract to International Foundation Group (L.L.C.) for groundworks for two residential buildings as part of Phase 3 of City Walk Crestlane, marking the next construction milestone in the continued expansion of the residential community. The contract covers comprehensive site preparation, excavation, soil improvement, dewatering, and the design and construction of shoring and piling works, enabling the next phase of construction. The appointment reflects Meraas’ continued commitment to delivering thoughtfully designed residential communities while supporting the ongoing evolution of City Walk as one of Dubai’s most distinctive mixed-use destinations. The […]

HOLM Developments is expanding internationally with the launch of its first residential development at Ambassadori Island in Batumi, Georgia. The project marks HOLM’s first development outside the UAE and follows its continued growth in Dubai, where HOLM has delivered several residential projects in Jumeirah Garden City. It reflects the company’s long-term vision to grow in markets with strong fundamentals and long-term potential. As part of this expansion, HOLM has also secured ten additional development plots within Ambassadori Island, supporting the company’s plans for continued growth in Georgia over the coming years. Ambassadori Island is a landmark waterfront destination on the […]

Emaar Properties PJSC (DFM: EMAAR) delivered a resilient performance during the first half of 2026, with revenue up 21% to AED 23.9 billion (US$ 6.5 billion), EBITDA up 24% to AED 12.9 billion (US$ 3.5 billion), and net profit before tax up 23% to AED 12.8 billion (US$ 3.5 billion). Results were underpinned by disciplined execution across the Group’s core businesses and the continued strength of Dubai’s economic fundamentals. Amid a backdrop of global economic and geopolitical developments, the UAE’s diversified, business-friendly environment continued to support confidence across Emaar’s core markets. The Group remained focused on operational excellence, financial discipline, […]

Azizi Developments, a leading private developer in the UAE, has secured the top position across both total sales value and transaction volume in Dubai for July 2026, recording AED 2.7 billion in sales across more than 3,100 units, according to official market performance data. The July figures mark the developer’s third consecutive month at the top of Dubai’s real estate market, with Azizi outperforming its nearest competitor by more than double in total sales value and generating over five times the transaction volume of any other developer in the emirate. The sustained performance reflects continued investor confidence in Azizi’s developments, […]

The Dubai real estate market remains on course in 2026 to set a new all-time high for rental contracts recorded in one year. A market analysis from fäm Properties today shows that 38,197 rental contracts were registered in July, 18,431 of these new agreements, with 19,766 renewals. This takes the total number of rental contracts recorded for the first seven months in 2026 to 214,445, a 1.9% increase on the same period last year which ended with a record number of 377,660 registered contracts. To date in 2026, reflecting a consistent apartments preference in the market, 88,327 (41%) of tenancy contracts […]