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...
DroppRWA, a sister company of the Web3 technology provider DroppGroup, has teamed up with Saudi Arabia’s real estate developer RAFAL Real Estate Co. to execute the kingdom’s first-ever real-world asset (RWA) tokenization transaction. This initiative represents a significant turning point, as the RAFAL pilot will serve as a national feasibility benchmark for the future of...
In a groundbreaking move for the region, the Emirates Securities and Commodities Authority has introduced the “Financial Influencer – Finfluencer” license. This initiative aims to regulate financial content disseminated across various media platforms, encompassing individuals who provide financial advice, analyses, or opinions. The goal is to enhance transparency and protect investors. This regulatory initiative is...
Emaar Development, the UAE development arm of Emaar Properties, has successfully acquired a new land plot in Dubai for AED2.9 billion, which is approximately $790 million. This acquisition is aimed at facilitating the potential expansion of its master communities. The land was purchased from Amlak Property Investment and is located in Ras Al Khor. The...
Sharjah developer Arada has confirmed the launch of its first hotel and residential development in Dubai, named ‘Akala.’ This project is situated in a prime location between the Dubai International Financial Centre (DIFC) and Downtown Dubai. The name ‘Akala’ translates to ‘beyond time’ in Sanskrit, reflecting the project’s unique vision. The twin-tower structure will stand...
AARK Developers, a prominent real estate developer in Dubai, has introduced its latest flagship project, Aark Terraces, located in the rapidly developing area of Dubailand. This residential development is designed to appeal to both discerning residents and yield-focused investors, marking the company’s most ambitious project to date while strategically expanding into one of the city’s...