Abu Alnaga Development, a leading real estate developer,  announced plans to increase investments and expand their real estate project portfolio in Dubai as part of their strategic vision to strengthen presence in the rapidly growing real estate market. In a statement, the company confirmed continued strategic expansion in the Dubai real estate market with the addition of a fourth residential project in Al Jaddaf area, featuring a direct view of the Burj Khalifa. This project is part of its ambitious plan to expand their business in one of the most attractive real estate markets in the region. This new project joins three major residential projects previously announced by the company in Dubailand, Bu Kadra (New Horizons), and Al Furjan, reaffirming the company's commitment to…

UAE - Qube Development, a leading real estate developer known for creating uniquely designed communities across the UAE, has joined hands with The Lux Collective, a global hospitality group behind the flagship brand Lux, to break ground on its landmark branded residence - Elire - in Dubai. Located in Business Bay, the project will feature 100 exclusive luxury residences designed with a distinct style rooted in light, surrounding space and sensory connection. It will be managed by Lux. It marks the formal start of construction for the visionary development that is set to elevate lifestyle living in the city through a refined blend of architecture, hospitality and luxury experiences. This like-minded collaboration also ushers in the Middle East debut of Lux branded residences. The future…

Sales volumes for ready villas and townhouses in Abu Dhabi have risen 72% year-on-year to reach their highest levels since 2021, according to leading real estate advisory and property consultant Cavendish Maxwell. Some 700 ready villas and townhouses were bought between January and June this year, with end-users seeking larger, family-oriented homes and investors drawn to attractive rental yields and potential long capital appreciation, it stated. Abu Dhabi residential sales values for all ready and off-plan properties totalled AED8.9 billion ($2.4 billion) across 3,300 transactions in H1 2025 – a 33% drop in value and 37% fall in volume compared to the same period last year. The reductions are the result of limited new projects launches, which in turn has redirected investors to…

Eden Realty, a leading luxury real estate brokerage in the UAE, has set a new benchmark in Dubai’s ultra-prime property market with the record-breaking sale of a single-plot villa in Emirates Hills which has sold for AED260 million ($71 million). Spanning approximately 50,000 sq ft, the property was never publicly listed and could only be viewed by buyers who passed a stringent pre-qualification process - reflecting the high level of privacy that defines transactions at this tier and location. This marks the highest value ever achieved for a single-plot villa in the prestigious community. Emirates Hills, often referred to as the Beverly Hills of Dubai, remains one of the most exclusive residential enclaves in the UAE, attracting royalty, celebrities, and global business leaders,…

UAE-based Azizi Developments has announced that 70 per cent of the work has been completed on its premium Beachfront I project in Riviera, its French Mediterranean-inspired waterfront community in MBR City, Dubai. Giving a project update, Azizi said the project’s structure is fully ready, with blockwork and internal plastering standing at 98 per cent completion. Tiling works have reached 50 per cent, while HVAC and MEP installations stand at 83 per cent and 68 per cent, respectively. Façade works are at 29 per cent, external works are at 15 per cent, and overall finishes have progressed to 49%, it stated. Supported by a workforce of 3,200, construction remains firmly on track for completion in Q4 2025, it added. Group CEO Farhad Azizi said: "Beachfront in Riviera is…

Amanat Holdings has made a net cash return of 294 million UAE dirhams ($80 million) from the sale of the real estate assets of North London Collegiate School in Dubai for AED453 million.According to the company, the transaction has delivered an unlevered cash-on-cash multiple of 1.7x and an internal rate of return of 10%.Amanat’s total investment in the asset stood at AED 393 million, which includes AED 360 million in acquisition price paid in June 2018, followed by a capital expansion of AED 33 million.The proceeds from the transaction will be deployed in new opportunities, with a strong focus on scaling high-performing assets, CEO John Ireland said.

UAE - DMDC, a premier Dubai-based construction and interior design company, has announced its official expansion into Abu Dhabi in a move that signifies both strategic growth and a commitment to innovation across the emirates. This exciting new chapter begins with an exclusive luxury renovation project at the prestigious Four Seasons Residences, a property that reflects the firm’s design ethos and attention to detail, said the developer in a statement. DMDC’s move to Abu Dhabi comes on the back of the recent launch of DMDC Estates, the company’s property investment arm. Having operated exclusively in Dubai for over four years, DMDC said it has built a robust reputation for delivering visually striking and highly functional spaces that redefine modern living. The…

Meraki Developers has announced the successful on-schedule handover of The Haven, a landmark residential community located in Majan, Dubailand.  Conceptualised as a contemporary residential enclave, the key development blends urban accessibility with tranquil living.  Featuring spacious layouts and premium interior finishes, The Haven offers a comprehensive suite of high-end amenities designed to support modern lifestyles, including wellness facilities, co-working spaces, separate adult & kids’ swimming pools, solar-powered parking, and recreation areas such as party hall, recreation lounge as well as indoor and outdoor children’s play spaces. This delivery underscores Meraki’s commitment to providing a quality living experience to residents, who will…

Binghatti Holding Ltd (“Binghatti Holding”), one of the UAE’s fastest growing real estate developers, celebrated the debut of its USD 500 million 5-year Senior Unsecured Sukuk on the London Stock Exchange with a ceremonial bell-ringing event, marking a key milestone in the company’s international growth journey. The sukuk, issued under Binghatti’s USD 1.5 billion Trust Certificate Issuance Programme, was oversubscribed five times, attracting over USD 2.5 billion in orders from a diverse pool of regional and global investors. The issuance was priced with a profit rate of 8.125%, reflecting investor confidence in Binghatti’s robust financial position. The company is rated BB- by Fitch and Ba3 by Moody’s, both with stable outlooks.  Founder…

The Dubai-listed developer Emaar Properties posted a net profit attributable of 7.08 billion UAE dirhams ($1.9 billion) for H1 2025, marking a 33% year-on-year (YoY) increase, driven by robust property sales. Revenue rose 38% YoY to AED 19.8 billion, supported by strong performance across its development, retail, hospitality, and international segments. The company’s revenue backlog from property sales surged 62% YoY to AED 146.3 billion as of June-end. Emaar Development Emaar’s majority-owned subsidiary, Emaar Development, reported a 50% YoY rise in net profit (before tax) to AED 5.5 billion for H1 2025. Revenue grew 35% YoY to AED 10 billion, while its revenue backlog climbed 59% YoY to AED 117.7 billion as of June 30. The build-to-sell property development arm…

Shamal Holding, a leading UAE-based diversified investment firm, has unveiled - Naïa Island Dubai - a landmark private estate set to redefine ultra-luxury living in the region. Located just off Jumeirah’s coastline and seamlessly connected to Dubai’s principal roadways, Naïa Island Dubai has been designed as a resort masterplan shaped around open green spaces and coastal terrain. Its low-lying architecture offers unparalleled views of Dubai’s iconic landmarks, beautifully framed by the open sea. It is intended to provide residents and guests with the ultimate sense of exclusivity, privacy, and natural beauty. At its heart, the island hosts the region’s first Cheval Blanc maison, which promises to set new standards for hospitality in the region, said…

Azizi Developments, a leading private developer in the UAE, has announced the launch of Azizi Abraham, a vibrant new residential development located within the Jebel Ali Free Zone (Jafza). The project features a selection of studios, one-, two- and three-bedroom apartments with stylish exteriors, ultra-modern interiors, and exclusive amenities. These include rooftop infinity pools, a modern cinema, fully equipped fitness centre, kids’ play areas, saunas, jacuzzies, steam rooms, BBQ areas and landscaped jogging and cycling tracks, said Azizi in a statement. Set against the Shiekh Zayed Road backdrop with immediate metro connectivity, Azizi Abraham offers excellent accessibility to key commercial and leisure destinations, including Ibn Battuta Mall, Dubai Marina, Expo City, and Al…