CDS Real Estate Development L.L.C, a company duly incorporated and operating under the laws of the United Arab Emirates, hereby formally announces its intention to transfer, assign, and delegate all development rights, obligations, liabilities, and responsibilities related to the real estate project known as “CDS WAVE” (the “Project”), which is registered with the Dubai Land Department under Project Registration No. (4167). The proposed transfer shall be made in favor of Crona Development L.L.C, a duly licensed real estate development company, subject to obtaining all necessary approvals from the relevant authorities, including the Real Estate Regulatory Agency (RERA). This transfer includes, but […]

Meraas, a member of Dubai Holding Real Estate, has awarded AED 2.4 billion in main construction contracts for new phases of its flagship villa developments, The Acres and The Acres Estates, in Dubailand, marking a significant addition to Dubai’s growing pipeline of high-quality villa communities amid sustained demand from local and international buyers. United Engineering Construction (UNEC) has been appointed to deliver The Acres, while GCC Contracting will lead construction at The Acres Estates. The contracts cover the construction, testing, commissioning, and handover of 557 villas. The latest phase of The Acres will include 371 three- to five-bedroom villas alongside key community infrastructure, while The Acres Estates will comprise 186 five- to seven-bedroom […]

Arabian Gulf Properties has welcomed the approval of the Dubai Metro Gold Line by HH Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, describing the landmark project as a major step forward for Dubai’s urban development and a strong positive signal for the emirate’s real estate sector. Announced on 22 April 2026, the Gold Line represents Dubai’s largest sustainable transport project and is set to further reinforce the city’s position as one of the world’s most attractive destinations for living, investment and business. With an investment of around AED34 billion, […]

Dubai Investments, through its real estate subsidiary Dubai Investment Real Estate (DIR), has achieved a significant Health, Safety and Environment (HSE) milestone at its flagship Danah Bay development on Al Marjan Island, Ras Al Khaimah, recording 2 million safe working man-hours without a Lost Time Injury (LTI) across the Residential and Hotel Towers. The milestone has been achieved while construction continues to progress steadily across key components of the development, reinforcing DIR’s ability to deliver complex, large-scale projects safely, responsibly and in line with planned schedules. Reaching 2 million safe working man-hours without an LTI during an active phase of […]

DAMAC International, the leading global real estate developer, has launched Harir Residences in the DAMAC Hills Baghdad master community. The launch further extends DAMAC’s vision of developing world-class residential communities and adds a distinctive landmark to the Iraqi capital’s urbanscape. Amira Sajwani, Managing Director, DAMAC, said: “Harir Residences reflects our vision of creating exceptional lifestyle that elevate the concept of modern living in Baghdad by combining global luxury with authentic local character. At DAMAC, we believe in delivering projects that add real value to Iraq’s real estate landscape and offer residents an integrated lifestyle within a community defined by quality, innovation, […]

Dubai’s real estate market recorded over AED180 billion in residential and commercial sales during the first three months of the year, supported by a surge in ultra-luxury property transactions and sustained demand across both sectors, according to Engel &Völkers Middle East’s latest market report. The luxury segment emerged as a defining force behind this performance, with 2,148 transactions exceeding AED10 million, marking a 62.6% year-on-year increase and one of the highest quarterly totals on record. The scale and consistency of high-value deals underscore Dubai’s growing appeal among global high-net-worth individuals seeking long-term investment and lifestyle-driven assets. A number of landmark […]

Dubai’s standing as one of the world’s leading luxury real estate markets is being underlined by sustained demand across key price segments. A new market analysis from the Keturah luxury brand highlights a clear acceleration in developer sales in recent weeks, with strong year-on-year growth in both value and volume despite regional uncertainty. Data from DXBinteract shows that developer sales above AED5 million reached AED25.04 billion between March 1 and April 15, a 21.4% increase on the same period last year, while transaction volumes rose 59.7% to 1,813 deals. The AED5–10 million segment recorded the strongest growth, with value rising from […]

Azizi Developments, a leading private developer in the UAE, has announced that construction across the first 14 buildings released at Azizi Venice, its mixed-use community in Dubai South, has reached 39% completion. Centered around one of the world’s largest swimmable lagoons, the project represents a significant step forward for one of the emirate’s most ambitious waterfront developments. Residences in the first phase are advancing rapidly. Azizi Venice 3 leads at 74% completion, followed by Venice 1 and 2at 64% and 57% respectively. Venice 4, 5, 8, 9, and 13 are progressing between 42% and 56%. Mr. Farhad Azizi, Group CEO […]

Dubai Residential REIT, a Shariah-compliant, income-generating closed-ended real estate investment trust and one of the largest owners and operators of residential real estate in Dubai (the “REIT”), managed by DHAM REIT Management LLC (the “Fund Manager”), today reported solid operational performance for the three-month period ended 31 March 2026 (Q1’26), supported by sustained rental growth, high occupancy levels and continued demand across its diversified residential portfolio. KEY OPERATIONAL HIGHLIGHTS: PORTFOLIO PERFORMANCE COMMENTARY: Revenue increased by 8.4% year-on-year (YoY), supported by strong leasing activity and sustained demand across the core residential segments. Average revenue per leased GLA rose by 7.4% YoY, […]