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...
SAMANA Developers has announced its intention to construct an endowment building worth AED 40 million in Dubai. This initiative is part of the Fathers’ Endowment campaign, which aims to support various community-focused projects. The building will contribute to the long-term goals of the campaign, which seeks to enhance social responsibility and provide sustainable support for...
The Islamic Affairs, Endowments, Municipalities, Security, and Public Utilities Committee of the Sharjah Consultative Council convened a meeting with the Housing Department to discuss the emirate’s housing policies, projects, and strategies aimed at enhancing the housing sector. The meeting took place as part of the committee’s second session of the eleventh legislative term, focusing on...
In celebration of the spirit of giving during Ramadan, DAMAC Properties has announced the launch of exclusive offers aimed at high-end investors and individuals interested in acquiring luxury real estate. The campaign, titled “Layali DAMAC,” is designed to enhance customer value during the holy month. The Ramadan initiative reflects the core values of generosity and...
The Masaar 2 project in Sharjah has achieved success, selling all 2,000 homes valued at Dh5.6 billion within just three hours of its launch. This rapid sell-out makes it the fastest-selling off-plan project in the UAE. Customers began arriving at the sales centers of developer Arada as early as 2 AM, eager to secure their...
UAE developer Arada is contemplating an IPO in the future, according to its group chief executive, Ahmed Alkhoshaibi. This announcement follows the rapid sell-out of its new Dh5.6 billion ($1.52 billion) project in Sharjah, which saw all 2 000 units sold in just three hours, highlighting strong demand in the real estate market. Alkhoshaibi indicated...