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...
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...