Dubai’s real estate market achieved extraordinary milestones in 2024, with a record-breaking 2.78 million transactions, including property and plot deals as well as rental agreements. This marked a 17% increase compared to 2023, highlighting the sector’s continued growth. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Deputy Prime Minister and Minister...
OMNIYAT Properties has solidified its position as a leader in Dubai’s ultra-luxury real estate market, securing AED2.94 billion ($800.4 million) in sales for 2024. According to Property Monitor, a UAE-based real estate market intelligence firm, the developer captured 37% of transactions in the exclusive $10 million-plus residential category. According to Economy Middle East, the company...
Khalaf Al Habtoor, chairman of the UAE-based Al Habtoor Group, has expressed plans to launch a major project in Lebanon after the country forms a new government. He described the initiative as “large and ambitious”, highlighting its potential to boost Lebanon’s economy and create thousands of jobs. While details about the investment’s scale or focus...
The Sharjah Real Estate Exhibition “ACRES 2025,” taking place at Expo Centre Sharjah, has introduced a wide range of innovative and distinctive property projects aimed at meeting the aspirations of investors. This event, organized by the Sharjah Chamber of Commerce and Industry (SCCI) in partnership with the Sharjah Real Estate Registration Department (SRERD), highlights the...
Alef Group, a prominent real estate developer based in Sharjah, has reported outstanding results for the year 2024. The company achieved sales exceeding AED 2.4 billion, marking a significant 30 percent increase compared to the previous year. This impressive performance allowed Alef Group to capture over 25 percent of the Sharjah real estate market, reinforcing...
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...