DAMAC Properties has formed a partnership with Abu Dhabi Islamic Bank PJSC (ADIB) to introduce an innovative home financing solution aimed at UAE residents. This new offering allows residents to secure financing for off-plan properties once construction reaches 35 percent completion. With this initiative, DAMAC becomes the first developer to provide such a financing option,...
In the first two months of 2025, Dubai’s property market has seen remarkable activity, with two luxury homes selling for a combined total of Dh755 million. One of the homes, a villa located in Emirates Hills, sold for Dh425 million. The other super-luxury property, situated on Jumeira Bay island, fetched Dh330 million, surpassing the previous...
Rock Developments, the real estate arm of El Batal for Investment, has appointed JLL to manage Rock Capital 1, which is recognized as the largest administrative landmark in Egypt’s New Administrative Capital (NAC). This partnership marks the second collaboration between the two firms, following JLL’s successful management of Rock Gold Mall, New Cairo’s first mall...
Arada Developments, a property firm co-founded by Sheikh Sultan bin Ahmed Al Qasimi of Sharjah and Prince Khaled bin Alwaleed bin Talal of Saudi Arabia, has awarded a contract worth 604 million dirhams (approximately $164 million) for the construction of the first phase of a business district in Sharjah. This initiative reflects a growing interest...
Arada Developments, a property firm established by Sheikh Sultan bin Ahmed Al Qasimi of Sharjah and Prince Khaled bin Alwaleed bin Talal, has awarded a contract worth 604 million dirhams (approximately $164 million) for the construction of the first phase of a new business district in Sharjah. This initiative highlights the growing demand for office...
Ohana Development, a prominent luxury real estate developer in the UAE, has officially begun construction on its new residential project, Elie Saab Waterfront by Ohana, located on Al Reem Island in Abu Dhabi. The project will consist of 174 units, which will include both contemporary apartments and luxurious penthouses. Scheduled for completion in the second...
Ohana Development, a leading luxury real estate developer in the UAE, has officially started construction on its latest project, the ELIE SAAB Waterfront, located on Al Reem Island in Abu Dhabi. This new residential development aims to set a new standard for luxury living in the region, featuring designs by the acclaimed fashion designer ELIE...
Arada has awarded a contract worth AED 604 million to Modern Building Contracting Company (MBCC) for the construction of the first phase of the Arada Central Business District (CBD). This new commercial hub is part of the AED 35 billion Aljada megaproject in Sharjah. Construction is set to begin immediately, with the completion and handover...
Arabian Construction Co. (ACC), based in Abu Dhabi, is contemplating an initial public offering (IPO) in the United Arab Emirates to take advantage of the country’s flourishing property market. The firm has reached out to banks to propose their roles in this potential share sale, which could generate several hundred million dollars, although no final...
Dubai’s real estate market has achieved a significant milestone, recording sales worth AED 100 billion from the start of 2025 until March 4, according to W Capital, a Dubai-based real estate brokerage. This achievement marks the fastest time frame to reach such a sales figure, occurring within just 44 working days. W Capital’s analysis, based...