Meraas, a subsidiary of Dubai Holding Real Estate, has awarded a contract exceeding AED 2 billion to Arabian Construction Company. This contract is for the development of the Design Quarter, located within the Dubai Design District (d3), a hub for global creativity and design. The Design Quarter will introduce the first residential community in d3...
The real estate market in the Middle East is experiencing a significant transformation, driven by a rising trend in mixed-use developments and the integration of advanced technologies aimed at enhancing efficiency, sustainability, and innovation. These developments, which combine residential, office, retail, and leisure spaces, are particularly flourishing in the UAE and Saudi Arabia, reshaping urban...
Sharjah-based real estate developer Alef has unveiled “Deem,” the fourth and final neighborhood in the Hayyan residential community. This new addition represents a significant investment in the area, with the overall Hayyan project valued at AED3.5 billion ($953 million). Deem will consist of 313 residential units, designed to enhance the community’s nature-inspired lifestyle. The neighborhood...
United Arab Emirates developers are set to invest more than $3 billion in luxury real estate projects in the Maldives by 2030. This significant investment is expected to transform the island nation from a solely tourism-focused destination into a lucrative second-home market for the ultra-wealthy, with potential returns of up to 20 percent, according to...
Dubai’s real estate sector is on a transformative path toward achieving a net-zero built environment by 2030. Key stakeholders, including developers, regulators, and investors, are aligning their efforts to make sustainability a central focus in the industry. Hisham El Assaad highlights that this shift is not just a trend but an operational necessity shaped by...
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...