The Masaar 2 project in Sharjah has achieved success, selling all 2,000 homes valued at Dh5.6 billion within just three hours of its launch. This rapid sell-out makes it the fastest-selling off-plan project in the UAE. Customers began arriving at the sales centers of developer Arada as early as 2 AM, eager to secure their...
Dubai welcomed over 220,000 new residents in the first half of 2024, according to Amira Sajwani, Managing Director of DAMAC Properties. This influx has further driven demand for residential properties in the city, reinforcing Dubai’s position as a major global hub. As reported by WAM, Speaking during the launch of “Riverside Views,” DAMAC’s first project...
Damac Properties has launched its new Riverside Views project, a riverside community development located at Dubai Investment Park. The project features a combination of greenery and water scenery, along with distinctive amenities such as hydroponic farms and a floating opera. This marks the sixth master development from Damac Properties, which has experienced exceptional demand in...
In 2024, the Emirate of Ajman recorded a total of 15,125 real estate transactions, with a combined value exceeding AED 20.5 billion. This represents a significant growth of 21% compared to the previous year, showcasing a robust performance in the real estate sector. Sheikh Abdulaziz bin Humaid Al Nuaimi, Chairman of the Ajman Department of...
Dubai’s office property market is witnessing remarkable activity, with waiting lists for premium spaces growing rapidly. According to Gulf News, Indialand Group, led by founder Harish Fabiani, has made significant moves with a series of major acquisitions in the city. Just days after purchasing the Thuraya Telecommunications Tower in Barsha for Dh160 million, Fabiani acquired...
Dubai’s real estate market reached new heights in 2024, achieving record-breaking sales and transactions. According to data from the Dubai Land Department, the total sales value rose to AED 517 billion by December 27, 2024, compared to AED 401 billion in 2023. The CEO of W Capital, Walid Al Zarooni, highlighted the impressive growth, noting...