Burtville Developments, a prominent real estate developer in the UAE, has officially launched its first luxury hotel-branded residential project named Bab Al Qasr Resort Residence 18 & 19. This development is located in Masdar City, Abu Dhabi, and it comprises a total of 483 housing units designed to meet a wide variety of needs. The...
Demand for homes in the super tall towers being constructed in the UAE is on the rise, with developers anticipating billions of dirhams in sales from these luxurious properties. The trend is largely driven by an influx of ultra-wealthy residents moving to the Gulf region, which has created a strong market for high-end real estate....
His Highness Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, the Crown Prince of Abu Dhabi and Chairman of the Abu Dhabi Executive Council, has approved a significant housing benefits package valued at AED 6.75 billion ($1.84 billion). This initiative was authorized under the directives of His Highness Sheikh Mohamed bin Zayed Al Nahyan, President...
Abu Dhabi’s Modon Holding has partnered with Egypt’s Elsewedy Industrial Development to develop a new industrial zone at Ras El Hekma, which is expected to generate 20,000 new jobs. This collaboration was formalized through a letter of intent (LOI) aimed at building and operating the industrial zone that will support the larger Ras El Hekma...
Emaar Economic City has reported a staggering 348% surge in losses last year, primarily attributed to a decline in profits from residential real estate, industrial land, and commercial property sales. This information was highlighted in a report by Al-Eqtisadiah on March 27. The company’s net losses reached SAR1.1 billion ($293.3 million) during the period, a...
The Abu Dhabi Real Estate Center has announced the launch of ‘Madhmoon,’ the first multi-listing property services platform in Abu Dhabi. This initiative is a pioneering effort in the Gulf region and aims to provide a high level of transparency, efficiency, and trust within the real estate market for brokers, developers, and buyers. ‘Madhmoon’ serves...
Citi Developers, a prominent name in boutique high-end real estate, has announced the launch of AGUA, a new project located at Dubai Islands. This development is designed to offer more than just living spaces; it aims to provide a multi-sensory experience where architecture, innovation, and nature converge to create an extraordinary lifestyle. Building on the...
Alef, a leading real estate developer in the UAE, has awarded a contract worth AED 1.1 billion (approximately $299 million) to CC7 for the Al Mamsha Raseel project in Sharjah. This development is a significant part of the broader Al Mamsha Sharjah community, which will feature 11 buildings across the Darb and Nama clusters, providing...
The Dubai property market continues to thrive, and Palm Jebel Ali is now being recognized as one of the most exciting real estate opportunities globally. This development is appealing to investors seeking prime waterfront properties at early-stage prices. A recent report from fäm Properties indicates that Palm Jebel Ali, which has been revitalized in the...
Abu Dhabi’s real estate market is set to see the delivery of 38 700 new residential units by 2028, responding to a surge in demand for housing. The sector experienced a robust performance in 2024, recording 9 700 sales transactions valued at AED26 billion. This growth is expected to continue this year and beyond, driven...