Al Habtoor Group, a pioneer in the construction and real estate industry, has announced that steady progress is being made on its premium luxury development - Al Habtoor Tower - in Dubai with more than 30% of the work already completed.       Poised to become a new icon on Dubai's skyline, Al Habtoor Tower has, within its first year, established unprecedented benchmarks in construction, utilising 100-m-deep barette foundations - a world record.   The project boasts an innovative six-day floor cycle time for construction above ground, showcasing the rapid pace and efficiency maintained despite the complex structural demands. ADVERTISING       The Habtoor Group said this landmark project was setting new standards in architectural design and…

Azizi Developments, a leading private developer in the UAE, has announced completing 41% construction of Azizi Vista in Dubai Studio City, one of Dubai’s most distinguished residential areas.     Featuring studio apartments and one- and two-bedroom residences, the development’s projected completion date is set for Q1 of 2025.   With overall finishes currently at 23%, progress on Azizi Vista is advancing rapidly. The structural work is 100% complete, blockwork at 96%, internal plaster at 74%, and HVAC and MEP at 39% and 36%, respectively. The total manpower has been increased to 447. Innovative construction technology   Farhad Azizi, CEO of Azizi Developments, said: “Through our rigorous quality control measures, strong partnerships, and…

Dubai-based Emaar Properties PJSC posted an H1 2024 net profit attributable to shareholders of 5.34 billion dirhams ($1.45 billion), up 8% compared year-on-year (YoY) on rising retail sales amid higher demand for real estate in Dubai.       Revenue came to AED14.4 billion, 17% higher on year, it said in a DFM disclosure on Thursday.   Emaar's property sales backlog reached AED 90.1 billion as of end June 2024 and is set to further boost future revenue, the company said. Emaar Development    Emaar Development PJSC, the property development company specialising in build-to-sell properties is majority-owned by Emaar Properties. It made a net profit of AED 2.50 billion, an increase of 15% compared to the same period in 2023.   Emaar Development's…

DHG Properties, a leading Swiss real estate development company, has announced that it has achieved significant sales milestone for its latest project, Helvetia Residences, located in Jumeirah Village Circle, Dubai, with 58% of its units getting sold within the development.       Dubai's real estate sector has shown impressive growth with active off-plan and ready property activity. Off-plan properties saw total transactions make up about 62.4% of the market in Q2 of 2024, said the company in a statement.   Flats were the most popular property type, equating to AED4.3 billion in value with 81.7% of these transactions in hot spots including Dubai Hills, Business Bay, and Jumeirah Village Circle, it stated. ADVERTISING       During the same…

Dubai-based ZaZEN Properties has announced the launch of its key development - ZaZEN Ivy -featuring 71 residential units - ranging from 717 sq ft to 2,200 sq ft - along with several key amenities.       Set for handover in Q1 2026, the project boasts a plethora of amenities and ground-floor retail outlets catering to residents and visitors of Al Furjan.   On the new project, ZāZEN Properties said Ivy will be setting a new standard for community living in Al Furjan, catering to both investors and end-users alike.   The key development offers a variety of unit types - from standard one- and two-bedroom apartments to two- and three-bedroom apartments alongwith maid’s rooms, fully fitted kitchens, expansive balconies as well as…

Alef Group, a leading real estate developer in Sharjah, has announced the launch of the Nama 4 building as a part of Al Mamsha Raseel, situated within Zone 3 of Alef Group’s Al Mamsha development, Sharjah’s inaugural pedestrian-friendly community. The Nama cluster consists of 1,029 units spread across six buildings, with Nama 4 featuring 198 units, including one-, two- and three-bedroom apartments. Alef Group CEO Issa Ataya said: "We are proud to announce the successful launch of Nama 4 within Al Mamsha Raseel. Aligned with Sharjah’s development goals, Alef Group has dedicated extensive efforts to provide exceptional investment prospects with this project." "Nama 4 boasts innovative features and fittings, including superior wall insulation for noise regulation,…

Dubai South Properties announced that the construction of The Pulse Beachfront, a luxury master-planned community in Dubai South’s Residential District, is 90% complete. In a press release on Tuesday, the company said that phase 1, which comprises 251 units, is expected to be finished by the end of the year. Nabil Al Kindi, CEO of Dubai South Properties, said, “We are pleased to see the progress of construction as per our set timelines. Dubai South as an area and its residential projects have had great interest from investors in the past few years, given the strategic location, quality of units, amenities and the pricing of our projects.”

based Azizi Developments has signed up dsgn - a leading interior design consultancy firm - for its ambitious mixed-use tower project, Burj Azizi, coming up on a prime plot of land on Dubai’s Sheikh Zayed Road.       As per the deal, the company will be providing design consultancy services for Burj Azizi, which on completion is set to become the second tallest skyscraper in the world.   dsgn is a leading interior design consultancy firm known for its creativity, versatility and practical approach in commercial, civic and hospitality projects.   A specialist in interior architecture and design, space planning, and FF&E, dsgn has been involved in notable mega-projects such as the Vida Beach Hotel in Dubai Creek Harbour, Jumeirah Al Naseem in…

UAE-based Azizi Developments has announced that 97% of the construction work has been completed on its premium condominium project - Amber - located within Al Furjan community in Dubai. The key project, featuring a mix of studios, one-, two- and three-bedroom residences, is set for completion in Q3. Giving a project update, Azizi said the structure, blockwork, internal plaster, MEP, and HVAC work are now fully completed at Amber, along with the tiling, swimming pool, and elevator jobs. External works and façade works are 90% and 98% complete, respectively with the overall finishes now standing at 98%. Lauding the steady progress, CEO Farhad Azizi said: "We are excited to share the remarkable progress at Amber. Our proactive and meticulous strategy in material procurement and…

Deyaar Development PJSC ("Deyaar"), an integrated real estate leader in Dubai, has announced positive financial results for the first half of 2024 (H1 2024) compared to the corresponding period of 2023. This announcement was made today in its filing to the Dubai Financial Market (DFM), where the company’s shares are traded. Showing substantial growth, the company posted a 71% increase for the six-month period ending 30 June 2024, reaching AED 202.6 million profit before corporate tax compared to AED 118.5 million during the same period in 2023. The company’s total revenue in H1 2024 increased by 6%, reaching AED 664.4 million compared to H1 2023, which was AED 628.9 million. Moreover, revenue from other businesses also increased by 8%, reaching AED 159.1 million in H1 2024…

Azizi Developments, a leading private real estate developer in the UAE, has announced the substantial progress of the fourth phase of Riviera, its French Mediterranean-inspired waterfront community located in the highly sought-after Mohammed Bin Rashid City, amid Dubai’s most important business, leisure, and retail hubs. Several buildings within the fourth phase are on track for Q3 2024 completions, with construction across the phase now having reached 87%. Within phase four, Azizi Azure stands out with its construction now being 76% complete. The structure is fully built at 100%, while blockwork and internal plaster are at 98%. HVAC, MEP, and overall finishes are progressing well at 94%, 86%, and 56%, respectively. The other buildings in the fourth phase also show significant…

RMS Capital Investment, formed by Reportage Properties (United Arab Emirates), MESA Holding and Sabah Investment Group (Azerbaijan) by joining forces with the signing ceremony held in Istanbul, sets out with the aim of becoming a strong player in the global market. The partnership (RMS Capital Investment), which was established between the leading real estate companies of Turkey, United Arab Emirates and Azerbaijan, was established to realize large projects globally as soon as possible.  In the RMS Capital Investment partnership structure, Reportage Properties holds 34%, MESA 33% and Sabah Investment Group 33%. The name RMS symbolizes the common vision of these three important brands: trust, quality, customer satisfaction, sustainability, innovation and social contribution. The…