Dubai-based Meraki Developers has announced its intention to launch a mixed-use project in Dubai South in November 2026, coinciding with the expansion of its portfolio of projects under development in the emirate to seven projects worth nearly $1 billion and about 2,400 residential units under construction.The move is part of the expansion of the Meraki Group, which is based in the UAE and Singapore and operates in the real estate, construction and education sectors.New project in Dubai SouthAjay Rajandran, founder and chairman of Miraki Group, said that Dubai’s entry into the South represents a new step in the group’s growth, pointing out that the company sees opportunities in the region, supported by the development of infrastructure, connectivity networks and the growth of…

Anan Investment Holding Company, listed on the Abu Dhabi Securities Exchange, has announced the delivery of more than 500 plots of land in its Arabian Hills real estate project, ahead of schedules set in the approved schedules. The company said that the deliveries reflect the progress made in the development and infrastructure of the project, noting that it is continuing to implement its operational plans to accelerate the pace of delivery, aiming to deliver more than 1000 plots of land before the end of 2026, in a statement today. She pointed out that this progress comes within the framework of the transition of the Arabian Hills project from the stages of development to the stages of actual delivery, supporting the growth of the company’s business in the coming…

Aldar Group, listed on the Abu Dhabi Securities Exchange (ADX) and Abu Dhabi Islamic Bank (ADIB), has announced the launch of two shared Visa Infinite and Visa Platinum (PIS) co-branded cards that allow customers to benefit from exclusive rewards and benefits across the portfolio of the diverse portfolio of real estate, educational institutions, shopping, hospitality and leisure destinations, in a move that aims to enhance the value that customers receive for their daily spending.According to a company statement, the two cards are linked to Aldar Group’s Digital Loyalty Program, which gives their holders the opportunity to recover up to 10% of the value of eligible spending in the form of reward points at the malls, hotels, golf courses, restaurants and participating leisure…

Dubai recorded 86 residential transactions worth $10 million or more in the third quarter of 2026, including 13 above $25 million, according to new analysis from global property consultancy Knight Frank. Sales between July and September totalled Dh5.77 billion ($1.57 billion). That lifts the number of qualifying deals in the first nine months of the year to 412, up from 357 in the same period last year, with a combined value of about $6.67 billion. Third-quarter volumes were 34 per cent below the 131 sales recorded in Q2 and lower than the 103 registered in Q3 2025. Faisal Durrani, partner and head of research, Mena, at Knight Frank, said the luxury market has continued to see high sales volumes “despite the exceptional geopolitical backdrop across the region”, although…

The value of residential real estate sales in Abu Dhabi amounted to about $5.85 billion (AED 21.5 billion) during the third quarter of 2026, an increase of 32% compared to the same period last year, despite the decline in the number of deals, according to a report issued by the real estate consultancy and services company "Savills".The market recorded 6,085 residential deals during the third quarter, down 19% compared to the second quarter and 7% year-on-year. The company attributed the increase in the value of annual sales, despite the decline in the number of deals, to the continued demand for the most valuable properties.Sales on the map accounted for 81% of the total number of residential deals, while the average value of the deal on the map was about $1.36 million (AED 5 million), an…

Dubai Land Department (DLD) will showcase four dedicated real estate services for people of determination, including remote property management, personal assistance in the completion of real estate transactions, mobile field services, and digital support, during its participation in Expo 2026, which will be held at the Dubai World Trade Centre from 19 to 21 October.The services are part of the “Barwa” initiative, which aims to facilitate the access of people of determination to real estate services, and provide multiple options for completing their transactions and managing their property, commensurate with their different needs.The Department participates in the eighth edition of the exhibition with a set of digital initiatives and solutions aimed at people of determination,…

The Zabeel District – Dubai International Financial Centre (DIFC Zabeel District) project will feature more than 4,000 residential units and, upon completion, will have a workforce of more than 125,000 employees, according to His Excellency Issa Kazim, Governor of the Dubai International Financial Centre. The estimated development value of the project is more than $27.2 billion (100 billion dirhams).During the session, the most prestigious financial neighborhood in the world within the Mohammed bin Rashid Leadership Forum, Kazim said that the project will double the capabilities of the Dubai International Financial Centre and accommodate more than 42 thousand companies when completed. It extends over an area of 7.1 million square feet, with a total floor area of 17.7 million square…

A new waterpark will open in Dubai very soon, according to the CEO of Dubai Holding Entertainment (DHE). Speaking at the Rise summit in Dubai on Wednesday, Fernando Eiroa revealed that the water park will open in the next couple of months. "It's specifically for the summer and there is a lot of water around it," Eiroa said, confirming it will be a water park added to the Dubai Parks and Resorts portfolio. The announcement came as Fernando discussed the scale of Dubai's entertainment offering. He said entertainment has become central to the emirate's tourism success. "Dubai has been and is very well known for amazing hotels, different experiences, and now it is an entertainment destination," he said. Global Village overtakes Disney's Magic Kingdom Fernando highlighted Global Village as…

Dubai's residential real estate market has seen a significant drop in transaction volumes as a result of the Middle East war. However, specific segments of the market are now experiencing a price correction, albeit a moderate one, according to S&P Global Ratings.  That’s because of a change in market dynamics over the past several years, with the UAE's visa reforms supporting a higher proportion of long-term investors and end users. "Our base case is that the Middle East disruptions will continue into 2027. This, together with new deliveries due in 2027-2028, could accelerate the price correction, particularly in investor-driven apartment segments," explained S&P Global Ratings credit analyst Sapna Jagtiani. "However, if geopolitical risk subsides in 2027,…

Dubai has issued new rules for shared housing and has given property owners and operators a year to comply with the new regulations. Under the new circular that Dubai Municipality has released, shared housing will be divided into two categories: individual and family accommodation Shared housing is only allowed in approved areas, with Dubai Municipality identifying more than 44 areas so far, including Al Souq Al Kabeer, Al Ras, Al Warqa 1, Al Barsha 1, Al Muraqqabat and Al Rigga. More areas will be announced later Properties on major tourist and commercial streets, such as Bani Yas Road, Sheikh Zayed Road, Jumeirah Road and Al Wasl Road, can only be used for family housing, not individual housing. Here is how property owners and operators can apply for a shared housing permit: Step 1:…

Dubai is expected to see a 20 per cent increase in its residential units, especially apartments, in the next two years, S&P Global said. This, along with the ongoing regional instability, is likely to bring down transaction volumes and prices. Specific segments of Dubai’s residential market are already experiencing price corrections, which the credit ratings agency attributed to the country’s sweeping visa reforms that supported a higher number of long-term investors. Disruptions stemming from the regional war are assumed to continue into next year, as per S&P Global Rating’s base case scenario. This, along with new deliveries due in 2027-2028, could accelerate the price correction, especially in investor-driven apartment segments, the agency said Property…

Reportage Group has made its debut in Meydan Horizon with the launch of Verso and Époque, introducing 234 residences through two distinct approaches to contemporary living. The launch marks a strategic step in the Group’s Dubai expansion, establishing its presence in an emerging destination where waterfront landscapes, green spaces and access to the city are shaping a new residential community. Verso introduces a quieter, greener perspective on Dubai, where an active, social lifestyle sits comfortably alongside moments of retreat. Époque takes its inspiration from the enduring qualities of classic design, bringing understated elegance and a more intimate residential setting to the same destination. Together, the projects offer buyers a choice of homes with individual…