Amwaj International, a billion-dollar multinational conglomerate, has acquired an 18% stake in the Dubai-based development firm Cledor. This investment, which values Cledor at $100 million post-money, marks Amwaj’s entry into the thriving real estate market in the UAE. Cledor was founded by industry veteran Omar Gull and has achieved significant milestones within a year, including...
In a remarkable transaction within Dubai’s thriving real estate market, a prime residential plot on Jumeirah Bay Island has been sold for a staggering Dh182 million (approximately $50 million). According to Khaleej Times, this plot, measuring 25 441 square feet, was acquired at a price of Dh7 154 per square foot. The buyer, an ultra-high-net-worth...
Dubai’s luxury real estate market is witnessing unprecedented growth, particularly in the segment of branded residences. These properties are now commanding an average premium of 42 percent over non-branded units, as institutional investors increasingly show interest in this segment. Elias Hannoush, CEO of Morgan’s International Realty, stated that Dubai’s real estate market is experiencing a...
In celebration of the spirit of giving during Ramadan, DAMAC Properties has announced the launch of exclusive offers aimed at high-end investors and individuals interested in acquiring luxury real estate. The campaign, titled “Layali DAMAC,” is designed to enhance customer value during the holy month. The Ramadan initiative reflects the core values of generosity and...
Developers in Dubai are elevating the luxury housing scene by offering high-end mansions and penthouses priced between $60 million and over $120 million. These ultra-luxury homes, often featuring private cinemas, spas, and custom-made elevators, are aimed at attracting wealthy buyers from Europe, Asia, and the Americas. Some of these homes surpass the limits of luxury....
Dubai’s super-prime property market, featuring homes priced at $10 million (Dh36.7 million) and above, witnessed a surge in demand throughout 2024, according to a report by UAE real estate intelligence firm Property Monitor (originally reported by Gulf News). International buyers seeking exclusive lifestyles have propelled this segment to new heights, with developers like Omniyat Properties...