The Dubai real estate sector experienced significant activity last week, recording a total of AED22.94 billion ($6.25 billion) in transactions, according to data from the Land Department. This figure highlights the ongoing strength of the market, driven primarily by robust sales transactions. Out of the total transactions, sales transactions accounted for AED18.39 billion ($5 billion)....
AHS Properties, recognized as the UAE’s leading ultra-luxury real estate developer, has announced the launch of Casa AHS, a significant waterfront development valued at $750 million (AED 2.75 billion). This project, located along the prestigious Dubai Water Canal, aims to redefine elite urban living with a carefully curated collection of exceptional residences. Abbas Sajwani, the...
Dubai’s real estate market is rapidly embracing tokenisation, with more than 6 000 individuals joining the waitlist for Prypco Mint, a new platform that enables users to purchase fractional shares of property through secure digital tokens. This innovative approach is revolutionizing how people invest in real estate in the emirate. Credit: WAM The Dubai Land...
The Dubai Land Department has unveiled the world’s first Property Token Ownership Certificate, following the successful sale of the initial tokenized real estate project on the ‘Prypco Mint’ platform, which is licensed by the Virtual Assets Regulatory Authority (VARA). This groundbreaking initiative was launched with remarkable speed, achieving the sale within just one day of...
Rents in Dubai are expected to remain under pressure in 2025 and 2026 due to a significant influx of over 200 000 new residential units entering the market. This assessment comes from Fitch Ratings, which highlights that the local property market will be tested by this large supply. According to Fitch, “Rent prices in most...
Abu Dhabi is set to unveil Fahid Island, a new residential megaproject that has captured attention for months. Developed by Aldar Properties, this project is being promoted as “Abu Dhabi’s newest island destination where turquoise waters, lush mangroves, and thoughtfully designed experiences redefine coastal living.” Located a short drive from Yas Island, Fahid Island is...
The Sharjah master-developer Arada has announced its first hotel and residential development in Dubai, named ‘Akala.’ The term ‘Akala’ comes from the ancient Indian language of Sanskrit and means ‘beyond time.’ This project is strategically located between the Dubai International Financial Centre (DIFC) and Downtown Dubai. The development will consist of twin towers, each standing...
Binghatti Holding, a prominent real estate developer based in Dubai, has announced the acquisition of a freehold land plot that boasts over 8 million square feet of gross floor area. This land will be used to develop the company’s first large-scale master-planned residential community, as stated by the company on Wednesday. The anticipated value of...
GFH Financial Group, based in Manama, has raised its stake in Seef Properties to nearly 30%, strengthening its position in Bahrain’s real estate market. The investment firm announced on Tuesday that it has acquired an additional 15.63% of shares in Seef Properties, which now brings its total shareholding to 27.98%. Last year, GFH Financial had...
Cityscape Egypt has announced an event partnership with 500 Global to support the second edition of the Egypt Proptech Challenge. This partnership was formalized during a signing ceremony attended by Robier Daniel, Cityscape Egypt Exhibition Director, and Ezzedin Zahzah, Program Director at 500 Global, a prominent international venture capital firm. The challenge will be part...