Richmind, a premium developer specialising in ultra-niche real estate products, is set to enter the UAE property scene with an ambitious plan to bring over 1,000 units to the market this year. A flagship business vertical of Richmind Holding, it has assets and interests in the United Kingdom, Portugal, Spain, and other European Nations. Its first project will soon come up at the Al Marjan Island in Ras Al Khaimah in collaboration with the renowned Zaha Hadid Architects, said the company in a statement. Redefining waterfront living, the mixed residential property will offer a combination of apartments, villas, duplexes and premium penthouses. It will also be home to globally renowned beach club and spa brands, as well as the latest location for a celebrated and established culinary…

MGS Development, a renowned real estate company, has announced the launch of a new phase of the Edgewater Residences, an exclusive waterfront development located in the serene Dubai Islands. Nestled within the iconic Dubai Islands, the development offers residents access to 40km of new coastline, 21km of sandy beaches, nine exclusive marinas, 80 world-class hotels, a championship golf course and ultra-luxury villas. MGS Development has partnered with Ayenk, a Miami-based architectural firm known for its expertise in luxury waterfront design. Together, they have created a masterpiece that perfectly balances elegance and functionality. For this project, Metropolitan Premium Properties, the flagship property company of the Metropolitan Group, is the exclusive sales and marketing…

Soho, a lifestyle brand specialising in creating hospitality-inspired living spaces, has appointed New System Engineering (NSE) as the main contractor for The Berkeley, its premium residential project in Dubai Hills Estate. The appointment marks a significant milestone in the development’s timeline, moving the highly anticipated project closer to groundbreaking in the coming weeks, said the developer in a statement. With 90% of units already sold, The Berkeley has seen overwhelming demand, reinforcing SOHO’s reputation for delivering high-quality, hospitality-inspired residences, it added. Soho CEO Sahil Khosla said: "Appointing NSE as our main contractor is a significant step forward as we bring The Berkeley to life. Their proven track record in delivering high-end…

UAE-based Damac Properties is showcasing some of its prime luxury waterfront projects - such as the Couture by Cavalli, Damac Bay and Damac Bay 2 - at the ongoing Dubai International Boat Show, a premier yachting and luxury lifestyle event, being held at Dubai Harbour. A leading luxury real estate developer based in UAE, Damac said these developments set an elevated benchmark for seafront living in Dubai’s most sought-after maritime destinations thanks to their prime locations. These projects not only offer homes but also high-end experiential-seaside living to its residents, it added. Designed for a discerning clientele who appreciate architectural excellence and the allure of waterfront living, these projects reflect Damac’s vision of integrating luxury real estate with…

Dubai’s reputation as a magnet for luxury living and exclusivity continues to soar as international football star Aymeric Laporte becomes the latest global icon to acquire a luxury penthouse in the iconic Bugatti Residences by Binghatti. Laporte is the third international celebrity to own a penthouse in Bugatti Residences by Binghatti, following legendary global opera singer Andrea Bocelli and the world famous football star Neymar Jr..   Laporte, a professional footballer who plays as a centre-back for Saudi Pro League club Al-Nassr and the Spain national team, is celebrated for his exceptional defensive skills, leadership, and composure on the field.   Bugatti Residences by Binghatti, the world’s first and only Bugatti-branded residential development, hosts some…

Amwaj Development, a key real estate developer in the UAE, has announced an official collaboration with Octa Properties for a luxurious new project in Meydan’s District 11, which will be Dubai’s first-ever low-rise, lagoon-facing development. The new five-floor project offers its residents a choice of one- and two-bedroom apartments along with other key amenities such as top retail spots, chic cafés and much more. This is the third project to be developed by Amwaj Development in Meydan after the successful launches of Starlight Park and The Cube Residences. It will also feature a luxurious roof terrace and swimming pool with spectacular views facing the lagoon, stated senior company officials at the official signing ceremony. The exclusive park-facing community…

UAE-based Reef Luxury Developments has broken ground on its key project - Reef 1000 - located in the heart of Dubai Land Residential Complex (DLRC), featuring a first-of-its-kind Sunken Balcony with outdoor cooling, thus laying the foundation for a visionary development that seamlessly aligns with Dubai’s vision for innovation. The groundbreaking ceremony included the planting of the first olive tree, symbolizing Reef 1000’s commitment to sustainability and longevity. It is the first of 126 olive trees that will be part of Reef 1000, highlighting a strong connection to nature and timeless value to the project, said the developer. Reef 1000 is introducing a world-first feature—the patented Sunken Balcony with Outdoor Cooling. This groundbreaking technology transforms…

Emaar Properties registered a 72% year-on-year (YoY) surge in property sales to AED 70 billion ($19 billion) in 2024, the highest ever it said. Revenues reached an all-time high of AED 35.5 billion in 2024, a 33% increase YoY, bolstered by record property sales, the Dubai-listed company said. The group’s revenue backlog from property sales surpassed AED 110 billion as of December 31, 2024, rising 55% from 2023, which indicated “robust revenue growth for the coming years”. Net profit attributable rose 16% to AED 13.51 billion in 2024 compared to AED 11.64 billion in 2023. Emaar acquired 141 million square feet of development land in a prime area in Dubai with a total development value of AED 96 billion. Last December, the company announced a new dividend policy and…

UAE-based Kasco Developments, the real estate arm of the Kasco Group, said it has partnered with Evolutions, a leading real estate intelligence hub, for official launch of Volna, its third residential project in Dubai. Following the success of Onda and VAL, this new development further strengthens Kasco’s presence in the UAE property market since its debut in September 2024, said a statement from the UAE group. Strategically located along Al Jaddaf Waterfront, Volna is an 11-floor residential building featuring 65 meticulously designed homes. The project offers a diverse selection of residences, including studios (up to 912 sqft), one-bedroom apartments (up to 1,480 sq ft), two-bedroom apartments (up to 1,620 sqft), and three-bedroom apartments (up to 3,407 sqft). Designed to…

Dubai-based Select Group acquired Radisson Blu Hotel, Dubai Media City, in a deal valued at over 200 million UAE dirhams ($54.45 million).  The deal is claimed to be the “highest recorded hotel sale transaction” in the Dubai Media Free Zone, the developer said in a statement on Friday. Select M City Limited, a subsidiary of Select Investments Limited, purchased the hotel. Knight Frank MENA brokered the transaction. The Radisson Blu Hotel is surrounded by global corporate headquarters, including META, Pfizer, Samsung, and Mastercard.  The developer plans to refurbish the property, enhancing its food and beverage offerings, accommodation, and other public areas to attract corporate clients. This deal marks Knight Frank’s ninth hotel transaction in Dubai in…

Ajmal Makan Real Estate Development has announced the launch of two major projects - The View Island and Blue Beach Residence - at the Sharjah Real Estate Exhibition – Acres 2025 which runs until January 25. The View Island features 266 residential units, including villas and townhouses, designed to offer accessible luxury living. Key features include green parks, children’s play areas, and a running track. The development is aimed at promoting active and family-oriented living, while integrating sustainability-focused elements. It aligns with Sharjah’s efforts to balance urban development with environmental sustainability. With extensive green spaces and recreational facilities, the project seeks to appeal to both residents and visitors, enhancing Sharjah’s…

SHARJAH - Alef Group, a leading real estate developer in Sharjah, announced its remarkable accomplishments in 2024. With sales exceeding AED 2.4 billion, the company experienced a 30 percent year-on-year growth, securing over 25 percent of the Sharjah real estate market. These achievements underscore Alef Group's position as a market leader and its commitment to delivering quality and excellence. Commenting on these milestones, Issa Ataya, CEO of Alef Group, said, "2024 has been a transformative year for Alef Group. Our strategic vision and commitment to excellence have propelled us to new heights. We are excited to continue this momentum, with new developments and initiatives on the horizon that will further enhance our position as a leader in the real estate industry."