Dubai-based Samana Developers has announced the launch of a Dh2.2-billion luxury project in the Maldives, marking its first venture into branded residences. According to. Khaleej Times, the new development spans over 507,651 square feet and includes 190 keys that consist of beachfront villas, over-water bungalows, and poolside apartments. Scheduled for completion in 2029, the project...
The new edition of the Sharjah Real Estate Exhibition, known as ACRES 2025, is scheduled to open today, January 22, 2025, at the Expo Centre Sharjah. This year’s event is under the patronage of H.H. Sheikh Sultan bin Mohammed bin Sultan Al Qasimi, Crown Prince and Deputy Ruler of Sharjah. The exhibition will run until...
The Dubai Land Department (DLD) has announced a new initiative allowing private property owners in parts of Sheikh Zayed Road and Al Jaddaf to convert their properties to freehold ownership. This move is expected to boost the appeal of these locations, attract fresh investments, and enhance property values in the areas. A total of 457...
Dubai property buyers are increasingly drawn to locations where government initiatives are enhancing infrastructure, particularly the road network. The recent developments, including the Dubai Metro’s Blue Line and other road projects, are making properties in these areas more attractive to potential investors. Industry executives emphasize that easy access to major transportation routes and seamless traffic...
Dubai’s Jumeirah Lake Towers (JLT) is set to welcome a groundbreaking 17-storey Crypto Tower, a landmark project launched by DMCC in partnership with REIT Development. The tower will support the expanding blockchain, decentralized finance (DeFi), and Web3 ecosystem in the region. Spanning 150,000 square feet of leasable space, the tower will include nine office floors...
Dubai’s super-prime property market, featuring homes priced at $10 million (Dh36.7 million) and above, witnessed a surge in demand throughout 2024, according to a report by UAE real estate intelligence firm Property Monitor (originally reported by Gulf News). International buyers seeking exclusive lifestyles have propelled this segment to new heights, with developers like Omniyat Properties...
Sharjah is set to launch a new rental index aimed at increasing transparency in the emirate’s real estate market, which is expected to foster greater confidence among investors. The rental index will be accompanied by a map of Sharjah, allowing residents to view rental prices in their respective neighborhoods. This initiative is part of the...
Aldar Properties, Abu Dhabi’s largest publicly listed developer, has secured a Dh9 billion ($2.45 billion) sustainability-linked revolving credit facility. The funding, obtained from a group of 15 UAE-based and international banks, strengthens Aldar’s liquidity position, now reaching nearly Dh27 billion. The five-year facility includes both conventional and Islamic financing options and is available in UAE...
A new access point to the Mall of the Emirates in Dubai opened today, significantly enhancing traffic flow for motorists in the area. This upgrade is expected to ease congestion and improve accessibility to one of Dubai’s major shopping destinations. The new route allows drivers to enter the mall from Sheikh Zayed Road, which is...
DAMAC Group has joined hands with blockchain firm MANTRA in a groundbreaking move to tokenise $1 billion worth of real-world assets. The partnership aims to bring blockchain technology into the Middle East’s real estate market, offering new opportunities for investors through fractional ownership and easier access to high-value properties. The initiative will focus on token-based...