Dubai is gearing up for a significant property exhibition hosted by Metropolitan Premium Properties, set to take place from May 16 to May 18 at the Bluewaters Forum by Banyan Tree Dubai on Bluewaters Island. This three-day event will feature leading developers showcasing their latest real estate projects, making it an excellent opportunity for those...
Amwaj International, a billion-dollar multinational conglomerate, has acquired an 18% stake in the Dubai-based development firm Cledor. This investment, which values Cledor at $100 million post-money, marks Amwaj’s entry into the thriving real estate market in the UAE. Cledor was founded by industry veteran Omar Gull and has achieved significant milestones within a year, including...
RH Luxury Properties has launched new initiatives designed to connect Dubai’s vibrant real estate market with Africa’s wealthiest individuals. The company’s founder, Rebiha Helimi, emphasized the significance of this market, stating, “It’s a very important market and gap that needs bridging so that’s what we are doing”. To facilitate this connection, RH Luxury Properties plans...
First Avenue Real Estate Development Company, through the Al Shate’a Real Estate Fund, has successfully acquired a commercial plot of land in the Al Shate’a district of Jeddah for SAR 188 million. This plot spans nearly 15 000 square meters and is located on Sari Street, according to a recent filing with the bourse. The...
Abu Al Naga Real Estate Development has officially commenced work on three significant residential projects located in Dubailand, Bu Kadra (New Horizons), and Al Furjan. This initiative reflects the company’s strong belief in Dubai’s favorable investment climate and its robust real estate demand. According to Mohamed Abu Al Naga, the CEO of Abu Al Naga...
Dubai International Financial Centre has successfully sold all 366 residential units at the newly launched DIFC Heights Tower within just two days. Public sales commenced on April 16, and by April 18, all units were sold out, highlighting the high demand for premium residential properties in Dubai’s financial district. The DIFC Heights Tower occupies the...
The Dubai Land Department (DLD) has signed 11 agreements with various local and international entities during the International Property Show (IPS) 2025. These agreements are aimed at enhancing the real estate sector in Dubai and improving service delivery in the market. Majid Al Marri, CEO of the Real Estate Registration Sector at Dubai Land Department,...
Dubai and Abu Dhabi have secured the top two spots in the latest Savills Dynamic Wealth Indices, which track where high net worth individuals (HNWIs) prefer to relocate. This ranking comes from a report by Savills, a global real estate consultancy, which highlights how factors such as government policies, taxes, and quality of life influence...
Abu Dhabi Global Market has introduced the “Virtual Sell and Purchase,” an innovative service designed to simplify real estate transactions. This first-of-its-kind platform allows buyers, sellers, and banks to complete multiple steps of property transactions virtually, enhancing the overall process. The new service combines three essential procedures into a single digital platform: the discharge of...
Dubai’s Mall of the Emirates is set to undergo a significant transformation with a $1.36 billion makeover to celebrate its 20th anniversary. This multi-year expansion programme aims to enhance the shopping experience by adding 20 000 square meters of retail space, which will accommodate 100 new stores. The project is expected to elevate the mall’s...