DAMAC Group has joined hands with blockchain firm MANTRA in a groundbreaking move to tokenise $1 billion worth of real-world assets. The partnership aims to bring blockchain technology into the Middle East’s real estate market, offering new opportunities for investors through fractional ownership and easier access to high-value properties. The initiative will focus on token-based...
Ajman has made a significant move to ease traffic in one of its busiest areas. The Municipality and Planning Department announced the completion of an expansion project on Sheikh Mohammed bin Rashid Street. The stretch between Sheikh Ammar Street and Al Hamidiya Street in the Al Jurf area now features three lanes in each direction,...
Sharjah is gearing up for its biggest real estate event yet, as the ACRES 2025 exhibition prepares to welcome over 110 exhibitors. Organised by the Sharjah Chamber of Commerce and Industry (SCCI) in collaboration with the Sharjah Real Estate Registration Department (SRERD), the event will run from January 22 to 25 at Expo Centre Sharjah....
Abu Dhabi City Municipality is promoting environmentally friendly construction practices through the Estidama Pearl Rating System, which evaluates buildings based on sustainability standards. The system, developed under the Department of Municipalities and Transport, requires all government-funded projects to achieve a minimum two-pearl rating, while privately funded ones must meet at least a one-pearl standard to...
According to WAM, Ajman’s real estate market recorded exceptional growth in December 2024, with transactions reaching AED2.28 billion. This marks an impressive 102% increase compared to December 2023, according to a report by the Department of Land and Real Estate Regulation. Omar bin Omair Al Muhairi, the Director-General of the department, revealed that there were...
The 2025 edition of the Sharjah Real Estate Exhibition – ACRES is set to be its biggest yet, with over 110 exhibitors confirmed, including top property developers and first-time participants. Organized by the Sharjah Chamber of Commerce and Industry (SCCI) and the Sharjah Real Estate Registration Department (SRERD), the event will be held at Expo...
Dubai’s office property market is witnessing remarkable activity, with waiting lists for premium spaces growing rapidly. According to Gulf News, Indialand Group, led by founder Harish Fabiani, has made significant moves with a series of major acquisitions in the city. Just days after purchasing the Thuraya Telecommunications Tower in Barsha for Dh160 million, Fabiani acquired...
Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai, has announced a major housing initiative worth Dh5.4 billion aimed at supporting young Emiratis who are starting families. The project will see the construction of more than 3,000 new homes across Dubai, catering to both housing loan and grant beneficiaries. Under the plan, 1,181 homes...
The Burj Khalifa, an iconic symbol of Dubai, marks its 15th anniversary, and its property market remains one of the most sought after in the city. According to a report by Khaleej Times, property prices in the world’s tallest building are 78.5% higher than the Dubai-wide average, standing at Dh3,000 per square foot compared to...
The Emirates Green Building Council (EmiratesGBC) and the Global Green Growth Institute (GGGI) have signed an agreement to work together on advancing sustainable and green urban development in the UAE. The Memorandum of Understanding (MoU), reported by WAM, focuses on promoting climate-resilient cities and accelerating efforts toward the UAE’s Net Zero by 2050 commitments. The...