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...
Brikyland Technologies, a prominent platform for blockchain-based real estate tokenization, has partnered with Inovartic Investments, an innovation-driven investment firm based in Abu Dhabi, to establish a strategic joint venture. This partnership aims to explore, develop, and implement tokenized real estate and green asset-backed investment technologies within the UAE. The joint venture is expected to utilize...
The Mohammed Bin Rashid Housing Establishment (MBRHE) has introduced a new training initiative called “How to Build Your Home?” in collaboration with the New Economy Academy. This program aims to empower young Emirati citizens, especially those preparing for marriage, by providing them with essential knowledge about planning and constructing homes efficiently and sustainably, as reported...
Private equity investment in the Indian real estate sector surged to $748 million (approximately Rs 64 billion) during the first quarter of 2025, marking a significant 35 percent increase compared to the same period last year. This data was reported by Savills India, a global real estate consulting firm, highlighting the strong interest from foreign...