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...
Ajman has made a significant move to ease traffic in one of its busiest areas. The Municipality and Planning Department announced the completion of an expansion project on Sheikh Mohammed bin Rashid Street. The stretch between Sheikh Ammar Street and Al Hamidiya Street in the Al Jurf area now features three lanes in each direction,...
Sharjah is gearing up for its biggest real estate event yet, as the ACRES 2025 exhibition prepares to welcome over 110 exhibitors. Organised by the Sharjah Chamber of Commerce and Industry (SCCI) in collaboration with the Sharjah Real Estate Registration Department (SRERD), the event will run from January 22 to 25 at Expo Centre Sharjah....
Abu Dhabi City Municipality is promoting environmentally friendly construction practices through the Estidama Pearl Rating System, which evaluates buildings based on sustainability standards. The system, developed under the Department of Municipalities and Transport, requires all government-funded projects to achieve a minimum two-pearl rating, while privately funded ones must meet at least a one-pearl standard to...
According to WAM, Ajman’s real estate market recorded exceptional growth in December 2024, with transactions reaching AED2.28 billion. This marks an impressive 102% increase compared to December 2023, according to a report by the Department of Land and Real Estate Regulation. Omar bin Omair Al Muhairi, the Director-General of the department, revealed that there were...
The 2025 edition of the Sharjah Real Estate Exhibition – ACRES is set to be its biggest yet, with over 110 exhibitors confirmed, including top property developers and first-time participants. Organized by the Sharjah Chamber of Commerce and Industry (SCCI) and the Sharjah Real Estate Registration Department (SRERD), the event will be held at Expo...