Andalusia Group, the pioneering real estate developing company in Dubai, is taking a bold step to address a prevalent issue in residential living: the underutilization of amenities due to their suboptimal design and lack of developer focus. The newly launched Bottega Residences is poised to transform this narrative by fostering a vibrant vertical community enriched with high-end facilities. “We recognize the market gap where many residential facilities fall short in design and utility, often being underused by residents," stated Saleh Tabakh, Founder and CEO of Andalusia. "Our mission with Bottega Residences is to shift the paradigm by integrating top-tier amenities that not only enhance living experiences but also foster a dynamic sense of community.", he noted. Partnering with…

HH Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister, and Ruler of Dubai, has approved the implementation of a series of housing projects worth AED5.4 billion ($1.5 billion) to benefit citizens across different areas of Dubai. The projects will see 3,004 new homes being built for Emirati citizens in Dubai, of which 1,181 units will come up in Latifa City for beneficiaries under the housing loan category, reported Wam. For beneficiaries in the housing grant category, the projects envisage 606 new homes in Al Yalayis 5, 432 homes in Wadi Al Amardi, 398 homes in Al Awir 1, 200 homes in the Makan area of Hatta, 120 homes in Oud Al Muteena, and 67 homes in the countryside and rural areas of Dubai. Sheikh Mohammed said: "Housing programmes for citizens represent a…

Dubai’s real estate market continued to grow robustly in November, with the residential sector posting a 15.4% year-over-year increase and the commercial market recording a total sales value of AED9.2 billion ($2.5 billion). According to the latest report from Engel & Völkers Middle East, a leader in premium residential and commercial real estate services, the residential market clocked total sales of 12,695. Although the figure reflects a cooling off from October’s record-breaking figures, it underscores the market’s sustainable and steady growth. The month also saw a modest 0.38% increase in average prices, reinforcing the market’s continued uptrend. Increasing appetite An increasing appetite for affordability was evident, with properties under AED1…

According to data, the off-plan sector continued to boost the Dubai real estate market in November 2024, with 8,548 sales, representing a year-over-year growth in volume of over 46%. Overall, compared to November 2023, real estate transactions in Dubai rose by nearly a fifth (19%) last month. With over 14,479 transactions and prices above Dh43 billion, the market continued its notable upward trend, according to data from Property Finder, a top real estate portal in the Middle East and North Africa (Mena) area. This represents a 1.6% rise over the same period last year. According to data, around one-third (33%) of those looking to buy or invest in real estate are looking for one-bedroom apartments, while 35% are more interested in two-bedroom apartments and 15% are more interested in…

The Real Estate Regulatory Authority (Aqarat), has announced the commencement of the initial registration for real estate developers involved in the sale of off-plan projects, in accordance with the provisions of Law No.(6) of 2014 regarding real estate development.The Authority invited real estate developers, whether individuals or corporate entities, to complete the real estate developer registration form, including details of current off-plan property sales projects, within (60 days) starting from November 24, 2024.For details, one may contact the official email of the Real Estate Regulatory Authority- 00974-77889950

UAE-based Azizi Developments has unveiled Monaco Mansions, a premium waterside living project featuring 109 residential units along with several key amenities, within its mixed-use development Azizi Venice, located in Dubai South. Announcing the launch, Azizi said Monaco Mansions offer a unique blend of exclusivity and sophistication, delivering an immersive and picturesque waterfront scenery meticulously designed for engagement, entertainment, and inspiration. The residences are available in eight distinct architectural styles - ranging from royal classic to modern - and are crafted to embody the highest standards of personalization, thus marking a new chapter in ultra-luxury mansion living. With plot sizes ranging from 10,000 to 20,000 sq ft, each mansion has 6 to 8 bedrooms and is…

UAE - Asteco's Q3 2024 real estate report reveals a dynamic UAE property market characterised by sustained growth in Abu Dhabi, continued momentum in Dubai and increasing activity in the Northern Emirates. According to the report, the Abu Dhabi market is well-positioned for growth, driven by new developers entering the market and a significant pipeline of planned developments. The report also shows that the Dubai government's proactive approach to enhancing the Emirate's physical, social, technological and legal infrastructure, combined with robust underlying fundamentals, is expected to contribute to solid market conditions and resilience against external factors. Abu Dhabi residential and office market According to the report, approximately 950 residential units were completed and…

Dubai-based Al Habtoor Real Estate said it has achieved a major construction milestone at its luxurious residential project, The Residences, Al Habtoor Grand, with the launch of super structure works at the Jumeirah Beach facility in a record time. A 49-storey tower in the heart of Dubai Marina, it features 2 to 4-bedroom apartments, townhouses and penthouses, all with private beach access. Each residence boasts breathtaking views of Dubai Marina and the Gulf, ensuring an unparalleled waterfront experience, it stated. The proposed development provides a sanctuary for leisure and wellness, featuring a rooftop swimming pool, recreation facilities, a fully equipped gym, tennis courts, and jogging tracks, said Al Habtoor Real Estate in a statement. Residents enjoy abundant entertainment…

Dubai’s commercial office market is reaching new heights, with unprecedented demand driving occupancy rates and rental growth across prime business districts, according to a report by Savills, a global real estate services provider. Driven by a substantial rise in new business registrations and expansion activities by existing firms, including those in finance and technology sectors, the city’s real estate landscape is more competitive than ever, positioning Dubai as a top global business destination, stated Savills in its Q3 2024 Dubai Office Market report. According to the report, over 24,000 new businesses were registered in the first half of 2024, marking a 5% year-on-year growth. This surge underscores the strong economic momentum fuelled by the Dubai Economic Agenda…

Dubai, the Gulf region’s commercial hub, recorded a busy period in 2024 with the value of real estate deals surging far above $100 billion. Official data published by Alkhaleej newspaper on Friday showed sales of houses accounted for more than half the total real estate turnover in the first 10 months. The figures by Dubai’s Land Department showed overall real estate transactions totalled around 432 billion UAE dirhams ($118 billion) in the first 10 months. Deals involving the sale of apartments, villas and hotel apartments stood at nearly AED277 billion ($75.5 billion), according to the report. Apartment sales accounted for the bulk of those deals, standing at about AED222 billion ($60.5 billion) while villa sales stood at AED48.3 billion ($13.1 billion) and those of…

Driven Properties has forecast a significant surge in property values in Dubai’s Canal Front district within the next 12 months, anticipating prices to escalate by over 40%. Current averages of AED2,700 ($735.1) per square foot are expected to rise to over AED3,800 per square foot as property handovers commence and the community continues to flourish, said Driven announcing the completion of an AED259 million acquisition of two prime buildings in the Canal Front district along the Jumeirah Water Canal. This strategic investment solidifies the company's standing as the largest property owner in the district, positioning it to capitalise on the area's rapid growth potential. Total investment rises to AED9 billion This latest acquisition brings Driven Properties' total investment…

Master real estate developer Expo City Dubai has appointed Ginco General Contracting as the main construction contractor for its gated housing community Expo Valley, marking a major milestone in the city’s vision to create an exceptional residential experience defined by sustainability and world-class design. With most villas and townhouses already sold, the appointment of the contractor is an important next step as Expo Valley prepares to welcome its first residents in 2026. Based in Dubai since 1975, Ginco has successfully delivered residential projects for major developers across the UAE and will lead the construction of 484 units at Expo Valley, one of five districts in Expo City’s new masterplan. Ahmed Al Khatib, Chief Development and Delivery Officer, Expo City Dubai,…