The Dubai Chamber of Commerce has announced a significant 33% growth in the number of construction companies registering as new members in 2024. This increase reflects the ongoing expansion and dynamism in Dubai’s construction sector, which continues to attract new players. The data indicates a thriving environment for construction firms in the region, emphasizing the...
Several property developers in Dubai have collectively pledged AED 560 million to support the construction and maintenance of mosques in important areas throughout the Emirate. This initiative is a significant contribution to the community, demonstrating the developers’ commitment to enhancing the cultural landscape of Dubai. On Saturday, representatives from prominent firms including Emaar Properties, Damac...
Sharjah’s real estate sector showed significant growth in February 2025, with total transactions valued at AED3.5 billion ($952.99 million). This reflects an increase in activity compared to February 2024, when transactions amounted to AED3.1 billion and involved 4 458 deals. The Sharjah Real Estate Registration Department reported that a total of 7 768 transactions were...
S&S Developments and Evolutions have officially launched Lume Residences, a new residential project located in Jumeirah Village Circle (JVC), Dubai. This development features a total of 178 residences within a structure that includes ground plus four podium levels and 14 floors above. Lume Residences follows the successful debut of Rise Residences, which sold out just...
AMIS Development, a luxury real estate builder, has officially broken ground on its latest residential project, Woodland Terraces, valued at AED 130 million. This new development is situated in District 11 of Meydan, Dubai, and construction is set to be completed in the first quarter of 2027. The groundbreaking ceremony took place on-site and was...
Dubai has officially started construction on Aeternitas Tower, which will be the world’s tallest residential clock tower, exceeding the height of London’s Big Ben by more than four times. Developed by London Gate in collaboration with renowned watch designer Franck Muller, Aeternitas Tower is also poised to be the tallest branded residence globally. The completion...
Bank Saudi Fransi (BSF) has announced a significant financing agreement worth 6 billion Saudi riyals, equivalent to $1.6 billion, with Diriyah Company for the development of the Wadi Safar destination. The announcement was made on Wednesday, with the agreement signed by Bader AlSalloom, the CEO of BSF, and Jerry Inzerillo, the Group CEO of Diriyah...
Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, the Crown Prince of Dubai and Chairman of The Executive Council, has approved the allocation of land for the development of more than 17 000 housing units across Dubai. This decision was made during a meeting of The Executive Council on Wednesday. Under the Affordable Housing policy,...
Dar Global, a luxury real estate developer based in London, has announced the launch of DG Villas, a new collection of high-end residences located within the prestigious Jumeirah Golf Estates in Dubai. This ambitious project is valued at $381 million, or AED 1.4 billion, and is designed to blend exceptional architectural aesthetics with luxury amenities...
Recent observations suggest that the pace of residential rent increases in Dubai may be slowing down, particularly in specific areas. Betterhomes, a brokerage firm, reports an increase in rental inventory, indicating that more properties are becoming available for tenants. Rupert Simmonds, the Director of Leasing at Betterhomes, noted that this trend is reinforcing the idea...