KASCO Developments has officially launched its business in the UAE property market with an initial investment of AED 1.20 billion, according to a press release.   KASCO Group has run operations in real estate since 2008 and its portfolio delivered projects; such as Waves Tower by KASCO, KASCO Residence, KASCO Tower, and Gulf Oasis.   The development company plans to sell 1 million square feet of residential projects by 2025, boosting its vision of integrating technology with modern design trends.   In the short term, the company seeks to launch, sell, and deliver its first three projects. Dubai areas of particular interest to the new company include Business Bay and Al Jaddaf.   The new venture builds on the KASCO Group's 30 years of experience in project…

LMD, a leading real estate developer with global presence in Spain, Greece, Egypt, and the UAE announced the launch of its latest project, The Pier Residence, in Dubai Maritime City, with an estimated investment of AED 750 million. The company hosted a launch event to unveil the project's details in the presence of numerous strategic partners. The Pier Residence is set to be handed over in Q2 2027 and will feature 274 luxurious homes, ranging from stylish one, two, and three-bedroom apartments, with select units offering private pools. The project offers a sophisticated lifestyle, catering to diverse preferences with its modern elegance and top-tier design finishes. Residents will enjoy breathtaking views spanning Arabian Gulf, and the stunning Downtown Dubai skyline. The Pier Residence…

DHG Properties, a Swiss real estate developer renowned for its legacy of over three decades, has completed 15% of construction for its latest development, Helvetia Residences, in Jumeirah Village Circle (JVC). This progress places the firm on track to deliver its project in Q2 of 2026 with more than 50% of the 430-unit development already sold. The UAE’s construction sector has shown robust growth via a 54% increase in activity in Q2 of this year. With the value of awarded projects rising from $31 billion in 2022 to $87 billion in 2023, it reflects a significant boost in economic diversification and investment. In 2024, the sector is expected to grow by 4.6%, strengthened by substantial private investments in housing and large-scale projects; with government support also being…

UAE - HRE Development, a key player in the UAE real estate market, has announced the launch of its new project SkyHills 2, a premium mixed-use development located in the heart of Jumeirah Village Circle (JVC). The SkyHills 2, which promises to redefine community living with its innovative blend of commercial and residential spaces, will boast a mix of 509 luxury apartments and 17 retail outlets. It is scheduled for completion by Q2 2026. Unveiling big plans for the UAE, the Emirati developer said it was committed to invest AED10 billion ($2.6 billion) in the market over the next three years. With residential units ranging from studios to three-bedroom duplexes, and prices starting at AED680,000, SkyHills 2 is poised to attract a diverse clientele of investors and homeowners seeking…

Leading UAE developer Arada said it has completed work on the second and third phases at Masaar, the forested megaproject based in the Suyoh district of Sharjah. With this, all 986 homes in the Kaya and Robinia districts are readying for handover process as one of the UAE’s most exciting new master communities reaches the 50% completion mark, said the Sharjah developer in a statement. Villas and townhouses in Kaya and Robinia range from two-bedroom townhouses to five-bedroom forest villas, all of which are equipped with smart home features and located next to Masaar’s signature feature, a lushly landscaped and walkable ‘green spine’ containing 70,000 trees, it stated. The home deliveries come shortly after a visit from HH Sheikh Dr Sultan bin Muhammad Al Qasimi,…

UAE - SOL Properties launched a series of high-end projects with an anticipated gross development value (GDV) of AED 12 billion in the next six months, according to a press release.   The development schemes are expected to anchor the UAE real estate market, reflecting new standards for luxury and efficiency, while contributing to the Gulf country’s overall economic growth.   SOL Properties, a leading real estate developer in the UAE and the premier real estate development arm of the Bhatia Group, has acquired 4 million sq. ft. of prime land for ultra-luxury projects and affordable luxury projects.   They include a new esteemed project in the West Crescent of Palm Jumeirah and the prestigious Fairmont Residences Solara Tower Downtown Dubai at a combined value of…

The biggest real estate developer in Dubai has disclosed intentions to challenge one of its own largest projects. Arabian Business reports claim that Emaar plans to construct a massive structure that will be able to compete with the Burj Khalifa in height. When completed, the tower will surpass current planned projects like the Burj Azizi to become the second-tallest building in the world. When completed, the 725-meter Burj Azizi will stand just over 100 meters short of the 828-meter Burj Khalifa on Sheikh Zayed Road. Four very intriguing and very different designs have been considered, including a glass-tube sculpture, a rocket-shaped tower, and a design that uses gothic spires, even though the exact height and location have not yet been disclosed. Although there are plans for…

Nine Yards Real Estate Development, a subsidiary of EIH Ethmar International Holding, has appointed Züblin Construction as the main contractor for the Yas Bay ‘Sea La Vie’ project, on Yas Island, Abu Dhabi.   With 125 years of experience in the construction industry globally and 41 years locally, Züblin is recognised as one of the top general contractors in the UAE, renowned for delivering exceptional projects. With a broad-ranging expertise in construction, the company offers comprehensive services across various sectors, including turnkey building construction and infrastructure, said a statement.   The appointment of Züblin ensures showcasing EIH’s consistent dedication to the highest standards of quality and project execution, it…

UAE - SOL Properties, a leading real estate developer in the UAE and the premier real estate development arm of the Bhatia Group, has announced plans to launch a series of high-end projects with an anticipated gross development value (GDV) of AED12 billion ($3.27 billion) in the next six months. These projects are expected to significantly impact the UAE real estate market, setting new standards for luxury and efficiency, while contributing to the country’s overall economic growth, said the company. The ambitious expansion builds on the 50-year legacy of the Bhatia Group in the UAE. The company is a pioneering force in Dubai’s property development and construction sector, driven by the vision of Ajay Bhatia, Chairman of Bhatia General Contracting, and Founder and CEO of SOL…

Meraas, a member of Dubai Holding Real Estate, has awarded an AED850 million ($231.42 million) contract for construction work of the Bvlgari Lighthouse on Jumeira Bay Island to Dutco Construction Co.   With marine works now completed on this section of Jumeira Bay Island, construction will soon commence on the 27-storey luxury residential tower. Designed by world-renowned architecture firm Antonio Citterio Patricia Viel, Bvlgari Lighthouse is set to become one of the city’s most prestigious addresses and an exquisite highlight of the island.   Inspired by the timeless elegance and luxury of the Italian jeweller, Bvlgari Lighthouse comprises four and five-bedroom luxury penthouses. Additionally, it will feature a one-of-a-kind eight-bedroom Sky Villa crowning its top…

UAE - Azizi Developments, a leading private developer, has partnered with Dubai’s Multiplast, which offers a diverse range of plastic products and solutions, for the supply of high-end PVC conduits across various projects. The projects include those in Dubai South, MBR City, Dubai Studio City, Al Furjan, Dubai Sports City, and Dubai Healthcare City, including Azizi Venice, Riviera, Azizi Vista, Azizi Central, Azizi Grand and Creek Views III.   Multiplast’s product range features PVC conduits for electrical installations, custom packaging solutions, and durable plastic components for construction and manufacturing. Using advanced technology, Multiplast tailors its solutions to meet client needs while maintaining a strong focus on sustainability. The company is committed…

LONDON - British property surveyors expect sales to continue to grow in the coming months after a gauge of house prices turned positive for the first time in nearly two years, though concerns remained about affordability despite easing borrowing costs. The Royal Institution of Chartered Surveyors said on Thursday that its main house price balance, which measures the difference between surveyors seeing falls and rises in house prices, moved into positive territory for the first time since October 2022. Its house price balance rose to +1 in August from -18 in July, and well above the -14 forecast by economists in a Reuters poll. A measure of expected sales over the next three months was the strongest since January 2020, before the COVID-19 pandemic struck Britain. Other indicators of…