DUBAI - Emaar Development shareholders approved the Board of Directors’ proposal to distribute a dividend of AED2.7 billion (US$740 million), representing 68 percent of the share capital. The announcement came during the Emaar Annual General Meeting, where the Board of Directors reviewed the company’s financial performance for 2024 and discussed its future growth strategy. The Board’s report on the company’s activities and financial position, as well as the Auditor’s report, were also approved. Emaar Development reported property sales of AED65.4 billion ($17.8 billion) in 2024, reflecting a 75 percent increase compared to the previous year. Total revenue for the year amounted to AED19.1 billion ($5.2 billion), up 61 percent from 2023, while net profit…

UAE-based Azizi Developments has announced that 80% of the released units at Azizi Ruby, its newly launched residential tower in Jumeirah Village Circle (JVC), have now been sold. The project offers studio, one-, two-, and three-bedroom homes that cultivate a family-friendly atmosphere, complemented by amenities such as a clubhouse, cinema, swimming pools, a fully equipped gym, and children’s play areas. Of the 20 nationalities that have acquired units, Emiratis account for the the largest demographic share at 9%. Investors from Western and European countries — such as the United Kingdom, US, Italy, and Portugal — comprise 29%, while those from South Asian nations, notably India and Pakistan, make up 27%. Buyers from the GCC and Mena region, including the Kingdom of…

Andalusia Real Estate Development is pleased to announce the selection of Atlas Concorde, the renowned Italian manufacturer of high-quality ceramic surfaces and furniture, for Bottega Residences in Dubai. With the handpick Andalusia marks the beginning of a series of Italian high-end residences that aim to redefine living standards in the region. The first Bottega Residences, a project valued at AED 150 million, will stand out for its commitment to quality and design sophistication, featuring premium porcelain materials from Atlas Concorde. This partnership reflects Andalusia Real Estate Development's pursuit of high-end Italian excellence to deliver the unparalleled Bottega standards, offering bespoke residences that promise luxury and elegance. Executive Statements Saleh Tabakh,…

The 21st edition of the IPS 2025, "The Global Real Estate Marketplace," will take place from 14th to 16th April 2025 at Dubai World Trade Centre. The event will feature several activities and events highlighting the latest trends and relevant topics in the real estate sector. IPS is a global platform for showcasing the latest real estate projects and future trends in this vital sector. It is a key event on the agenda for any investor or real estate enthusiast, gathering leading real estate developers, experts, and investors from around the world and offering numerous benefits for participants. The exhibition focuses on five prime pillars: IPS Real Estate, IPS Future Cities, IPS Startups & Proptech, IPS Design, and IPS Services. One of the main activities alongside the exhibition…

DUBAI - Meraas, a member of Dubai Holding Real Estate, has awarded a contract worth over AED2 billion to Arabian Construction Company LLC for the construction of Design Quarter at d3, which includes the first residential community within Dubai Design District (d3), a global creative and design ecosystem. Scheduled for completion by mid-2027, the Design Quarter at d3 comprises a collection of 558 apartments. These are spread across three buildings – one low-rise and two towering skyscrapers – nestled within a landscaped podium. This elevated podium serves as a communal area, linking the residential towers to form a social hub for the residents. This will include co-working spaces, an indoor-outdoor gym, pool facilities, barbecue areas and fun-filled zones for children's…

Dubai-based developer Oro24 has completed the work on its premium gated complex - Torino - featuring 625 residential units spread across six blocks in the Arjan community with a mix of studios, one- and two-bedroom apartments.  Announcing the project completion, Oro24 said with Torino, it is setting new benchmarks in the development of modern and sustainable communities. The project, now completed, is a perfect blend of sustainability and modern living. The development incorporates green spaces, over 10,000 trees, and eco-friendly features that contribute to a cleaner, greener environment. The landmark project, originally valued at over AED353 million ($96.1 million), spans a built-up area of 625,718 sq ft featuring top-class amenities designed to cater to modern living…

UAE - Bloom Holding, a leading UAE real estate developer, has announced the launch of Carmona, the eighth phase of its Bloom Living, its fully integrated and all-inclusive community in Abu Dhabi.  Named after the Spanish town, Carmona offers premium townhouses ranging from two to three bedrooms. Inspired by the Mediterranean Spanish architecture and elevated by the comfort of modern living, the premium townhouses at Carmona will be designed to welcome indoor-outdoor living with elegant finishings, high ceilings and large windows, said a statement from Bloom Holding. The communal areas within Carmona offer spacious courtyards as well as access to top-class amenities, providing residents with an exceptional community living experience, it stated. The eighth phase of Bloom Living is…

Beyond Developments, a new venture under the Dubai luxury project developer Omniyat Group, has launched Sensia, its third signature project within the 8 million sq. ft master-planned development at Dubai Maritime City (DMC). Designed by Hirsch Bedner Associates (HBA), one of the world’s foremost hospitality design firms, Sensia’s distinctive architecture features angled floor plates that enhance privacy while offering 360-degree panoramic views, optimizing sunrise-to-sunset vistas of the Dubai skyline and Arabian Gulf. Interiors by Design World Partnership (DWP) bring a refined aesthetic, using warm, natural textures and contemporary finishes to elevate the living experience.   The 36-storey tower, anticipated for completion in Q1 2029, offers 275 premium residences,…

Dubai-based real estate developer Object 1 has announced the launch of Luminar Towers, a new residential development in Jumeirah Village Triangle. Featuring three architecturally distinct towers, the project offers 547 residences designed to provide a modern living experience with smart technology, contemporary aesthetics and other key amenities. Set for completion by 2027, the development blends convenience, connectivity, and elevated living in one of Dubai’s most sought-after communities. Strategically positioned near Palm Jumeirah and Dubai Marina, Luminar Towers is designed to meet the evolving expectations of modern homebuyers. Its open-plan layouts optimise space, seamlessly blending indoor and outdoor living to enhance both relaxation and entertainment, it stated. On the…

UAE-based Mira Developments has joined hands with Italian luxury majors Trussardi and Luxury Living Group for the launch of the Phase II of its prime development Trussardi Residences in Dubai. Twice the size but infused with the same Milanese spirit, this phase brings two stunning towers and an expanded two-floor podium to the vibrant Al Furjan district, just a short stroll from the Discovery Gardens metro station, said a statement from Mira Developments. Exclusively adorned with the finest creations from the Trussardi Casa collection, Trussardi Residences Phase II introduces one- and two-bedroom apartments along with studios – a first for the development. Designed as turn-key properties, every residence is fully furnished, equipped with all household appliances and ready to…

Elemental, a new real estate venture in UAE, has announced the launch of its debut project, Elemental 22, in Dubai. Set in a low-rise, low-density neighbourhood, the key residential project offers an all-in-one living experience in Jumeirah Garden City. The building seamlessly integrates greenery, open spaces, and a sense of warmth that makes it feel like home. Founded by Hazza Zaal, the CEO of Al Barari, Elemental aims to create thoughtfully designed communities where nature, well-being, and everyday convenience come together seamlessly. Rooted in the belief that homes should be more than just spaces to live, Elemental's residential concept is designed around nature, wellness, and connection. "We are excited to introduce Elemental, an innovative development company that embodies our…

UAE - Palma Development, one of the most prestigious developers in the UAE real estate industry, has announced the launch of Serenia District, an AED5 billion (($1.36 billion) upscale residential community in the heart of Jumeirah Islands.  Spanning 600,000 sq ft with a built-up area of 3.5 million sq. ft., the development is set to redefine luxury living, making it one of Dubai’s most extraordinary residential projects, said the Emirati developer. Serenia District features six integrated towers, centred around six unique lifestyle zones of the community: the Serenia Signature Clubhouse, Health and Social zone, Sports and Recreation spaces, Family Oasis, Nature Discovery zone, and a Wellness Retreat, which together, will offer a unique lifestyle for residents. Designed by…