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...
A housing package valued at over AED 2 billion has been approved to benefit Emiratis in Dubai. His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, who serves as the Crown Prince of Dubai and the UAE’s Deputy Prime Minister and Defence Minister, authorized the development of more than 1 100 residential units. The...
Damac Properties has officially launched a new residential project named Chelsea Residences by DAMAC in Dubai Maritime City, in partnership with English football club Chelsea F.C. The development features six towers that will reach 130 metres in height and will provide over 1 400 residential units. This project is located on one of the few...
Dubai Holding has announced plans to launch an Initial Public Offering (IPO) for its Real Estate Investment Trust (REIT) fund. This Sharia-compliant REIT signifies a significant advancement from one of the largest players in Dubai’s real estate development and investment sector, which includes notable names like Nakheel, Meydan, and Meraas. The IPO will be issued...
Azizi Developments has unveiled a massive $20.4 billion master-planned community called Azizi Milan, which is set to be constructed along Sheikh Mohammed Bin Zayed Road in Dubai. This ambitious project aims to merge Italian architectural elegance with the modern urban landscape of Dubai, featuring over 30 000 residential units, which include 100 mid-rise apartment complexes...
Dubai International Financial Centre has successfully sold all 366 residential units at the newly launched DIFC Heights Tower within just two days. Public sales commenced on April 16, and by April 18, all units were sold out, highlighting the high demand for premium residential properties in Dubai’s financial district. The DIFC Heights Tower occupies the...
Dubai’s real estate sector has begun 2025 with significant momentum, achieving a remarkable Dh35 billion in sales across 13,019 transactions in January. This figure represents a 5.0 percent month-over-month increase from December 2024, highlighting the continued resilience of the emirate’s property market and the confidence of investors in its offerings. The surge in sales indicates...