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...
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...
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...
The UAE has officially launched the “Downtown Umm Al Quwain” coastal development, which aims to accommodate 150 000 residents. This major project encompasses a masterplan covering 25 million square feet and will significantly alter the emirate’s urban and economic environment. The development boasts an 11-kilometer continuous coastline, which includes 7 kilometers of natural beaches and...
Arada has announced the completion of another 120 homes at its Aljada megaproject in Sharjah, following the finishing of The Gate, a two-building complex located at the entry point of the AED 35 billion development. This brings the total number of homes completed at Aljada to over 10 000 since the company’s inception. The newly...
Saudi Arabia is actively considering the implementation of rent caps for both residential and commercial properties. This potential reform is aimed at addressing the increasing rent prices across the country. Abdullah Al Hammad, the CEO of the Real Estate General Authority (REGA), confirmed this development on Tuesday, April 1, according to a report from the...
Alef, a leading real estate developer in the UAE, has awarded a contract worth AED 1.1 billion (approximately $299 million) to CC7 for the Al Mamsha Raseel project in Sharjah. This development is a significant part of the broader Al Mamsha Sharjah community, which will feature 11 buildings across the Darb and Nama clusters, providing...
S&S Developments and Evolutions have officially launched Lume Residences, a new residential project located in Jumeirah Village Circle (JVC), Dubai. This development features a total of 178 residences within a structure that includes ground plus four podium levels and 14 floors above. Lume Residences follows the successful debut of Rise Residences, which sold out just...
The UAE’s residential wellness real estate market is poised for significant growth, projected to increase from $137 million (Dh503 million) in 2024 to nearly $8.4 billion (Dh31 billion) by 2027. The residential wellness real estate segment is expected to grow nearly sevenfold in the next four years, catering not only to the ultra-wealthy but also...