The Department of Municipalities and Transport (DMT) in Abu Dhabi has announced significant updates to the real estate sector in the emirate. This initiative aims to reinforce Abu Dhabi’s position as a global hub for real estate investment by fostering a flexible and sustainable legislative environment that supports developers and safeguards the rights of investors....
PRYPCO Mint has announced the launch of its second tokenised property, building on the success of its inaugural listing that was fully funded in under 24 hours. This new property will go live on 11 June 2025, reinforcing investor confidence in fractional property ownership and enhancing Dubai’s reputation as a leader in real estate innovation...
Dubai’s real estate market is undergoing a significant transformation, with tokenisation gaining traction. In May alone, property sales processed through blockchain-based platforms exceeded $399 million, which represents 17.4% of the total real estate transactions for the month. This shift towards digitised ownership models highlights a growing trend in the market. The developments in Dubai’s real...
DMCC, recognized as the leading international business district that facilitates global trade through Dubai, has officially commenced construction on the W Residences Dubai – JLT. This endeavor is in collaboration with Signature Developers and Marriott International. The groundbreaking ceremony marks a significant milestone in the development of luxury residences within the emirate. Credit: WAM The...
Foreign investors aiming to relocate to Dubai can obtain the UAE’s 10-year Golden Visa by investing in property valued at a minimum of Dh2 million. Legal expert Ashish Mehta, the founder and Managing Partner of Ashish Mehta & Associates, outlined the legal options available for new businessmen seeking long-term residency in the UAE in an...
H.H. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, the Crown Prince of Dubai and Deputy Prime Minister, has directed the establishment of the ‘Dubai PropTech Hub.’ This initiative aims to enhance innovation within the real estate sector by fostering a collaborative environment for technology and investment. Credit: WAM The new hub will serve as...
Women investors made a significant impact on Dubai’s real estate market in 2024, contributing AED118 billion through more than 50,979 property transactions. This investment highlights the growing role of women in the real estate sector, showcasing their increasing financial influence in the region. Credit: WAM According to the Emirates News Agency (WAM), the data reflects...
The real estate sector in Sharjah is set to undergo a significant transformation with the introduction of the Ajmal Makan City – Sharjah Waterfront project in Al Hamriyah. This ambitious project represents a substantial investment of AED25 billion, aimed at enhancing the emirate’s real estate landscape. Credit: WAM The Ajmal Makan City will feature a...
UAE – Alef, a prominent real estate developer in Sharjah, has officially begun construction on Al Mamsha Raseel, the third zone of its significant ‘Al Mamsha’ development located in Muwaileh. The project is valued at AED 1.1 billion ($299.4 million) and is expected to be completed by December 2028. Al Mamsha Raseel will feature 2,210...
Alef, the leading real estate developer based in the Emirate of Sharjah, has officially commenced construction on Al Mamsha Raseel, the third zone of its significant “Al Mamsha” development located in Muwaileh, Sharjah. The project is valued at AED 1.1 billion and is anticipated to be completed by December 2028. The ground-breaking ceremony was attended...