Property owners in Abu Dhabi will now face hefty fines for any fencing, enclosing, or covering of their properties that distorts the public appearance. This initiative follows new regulations introduced by the Department of Municipalities and Transport (DMT) that are designed to preserve the aesthetic integrity of public spaces throughout the emirate. According to Clause...
Dubailand is poised to become an attractive destination for homebuyers and investors, thanks to the forthcoming expansion of Dubai Metro’s Blue Line. This expansion will enhance accessibility to schools, colleges, and various leisure and lifestyle options, positioning Dubailand as a favorable choice for both end-users and tenants. Investors are particularly optimistic, believing that the area...
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,...