Refine, a pioneering real estate development and management company, is leading the charge when it comes to empowering investors and developers to enter the market with confidence. Founded on the game-changing, first-of-its-kind Development as a Service (Daas) concept, Refine offers investors the chance to harness generations of real-estate expertise and the power of Refine’s fully-fledged team and network, eliminating the need to build their own infrastructure.   Spearheaded by Thomas Wan, a second-generation entrepreneur and Managing Partner at Refine, the company is redefining how investors and developers enter the market, and has already achieved a management portfolio in excess of AED 7 billion, since it was established in 2021.   "Refine is committed to…

Eagles Developments has launched its inaugural project in Sheikh Zayed City, investing EGP 2bn. The project, named VIA, covers a 16,000 sqm area. Raafat Fangary, Chairperson of Eagles Developments, emphasized that this project marks the beginning of the company’s expansion plan across the republic. With a diverse real estate portfolio exceeding EGP 5bn, Eagles Developments is actively exploring investment opportunities in the real estate market. The project will unfold in two phases. The first phase, spanning 8,000 sqm, involves EGP 1bn in investments and includes 100 residential units (occupying 22% of the total area). Construction is set to be completed by December 2027. Sheikh Zayed City was strategically chosen due to high demand and client interest. Eagles Developments…

Zoya Developments, a prominent real estate developer from India, has announced its expansion into the UAE market with investment of over AED2 billion ($540 million) planned for the next 3 years. This landmark entry is marked by the unveiling of its first project in Dubai’s thriving Furjan area, with a projected handover in 2026. Zoya Developments’ inaugural projects in Dubai will be located in thriving localities like Furjan, Dubai Islands & JVT, promising new benchmarks in residential living. These soon-to-be revealed projects will feature spacious layouts, integrated outdoor spaces, and cutting-edge smart home technologies, all designed with a customer-centric approach. Modern spaces For 14 years, Zoya Developments has been at the forefront of crafting modern spaces…

Sunrise Capital, a Dubai-based developer, has announced the successful handover of all 132 units within Legacy By Sunrise - a premium project located in Al Barsha South - to its buyers.   Spanning over 91,000 sq ft area, the the residential property features a mix of 67 studios, 43 one- and 22 two-bedroom apartments. According to Sunrise Capital, the new property got sold out in record time thanks to its quality design and interiors. Each residence has been crafted with precision and artistic flair displaying a harmonious blend of luxury and functionality, stated the developer. The interiors are thoughtfully designed to maximise space and light, featuring high-end finishes, custom details, and fully equipped kitchens with premium appliances by Teka (Germany). The layouts are…

Palace Group, a leading luxury contractor and developer in the UAE, has unveiled its new address in Downtown Dubai, thus setting a new standard for premier living.   Perfectly positioned on Dubai Gardens Main Road and neighbouring Eden House, the key development introduces a lifestyle of elegance with 70 residential apartments that radiate style and reflect the vibrant pulse of Downtown Dubai. "The landmark residence boasts state-of-the-art amenities, including a cutting-edge fitness facility, a luxurious spa, a modern business centre, and an engaging kids' club for the little ones," said a company spokesman. "These features support a resplendent urban lifestyle, offering a comprehensive array of services to meet the diverse needs of its residents, making it the ultimate…

Hassana, the investment manager of the Saudi General Organization for Social Insurance (GOSI), has announced a strategic collaboration with Kinan International Real Estate Development Company for investment in an innovative mixed-use real estate project in the capital Riyadh.   Strategically located in the Al Rimal district of Northern Riyadh over a 2 million sq m area, the key project will incorporate residential, educational, healthcare, entertainment, retail, and office spaces alongside other contemporary amenities. This comprehensive, world-class community is designed to meet the evolving requirements of contemporary Saudi lifestyles, it stated. Hassana, which boasts over SAR1.2 trillion ($320 billion) of assets under management, has been making investments on behalf of all…

Omniyat, Dubai’s ultra-luxury real estate leader, has announced a new corporate structure, led by the newly formed Omniyat Group. Omniyat Group, founded as an umbrella to drive success across its branded companies, has set a total group portfolio target of AED100 billion ($22.7 billion) for the next five years. The announcement is a significant milestone for the Omniyat Group, reaffirming its commitment to reshaping the real estate landscape in Dubai and throughout the region. Omniyat will continue to accelerate its growth trajectory, committed to expanding its presence in the ultra-luxury real estate segment, with a total portfolio worth AED50 billion. Executive Chairman Mahdi Amjad founded it in 2005 to revolutionise the Dubai property market by creating unique living…

RAK Properties has launched the “NB Collection” of exclusive high-end villas on Mina Al Arab’s Hayat Island. The NB Collection is situated between Angel Bay’s pristine shoreline and the Nikki Beach Resort and Spa. The 11 villas in the NB Collection blend seamlessly into their beachfront surroundings, creating masterpieces of contemporary architectural flair that combine elegant design with functionality. Sameh Muhtadi, CEO, RAK Properties, said, “This new exclusive high-end villa community represents the height of refined design and offers a serene retreat where residents can fully immerse themselves in the coastal paradise and natural beauty of Ras Al Khaimah.”

W Capital, a Dubai-based real estate brokerage, expects record sales of more than AED 120 billion in the Dubai real estate market during the summer of 2024. According to a press release, real estate sales are expected to increase by 15-20% this summer season, compared to AED 102 billion in 2023. After surpassing AED 400 billion in 2023, the real estate market is expected to see sales of AED 450 billion to 500 billion this year. During the first five months (5M) of 2024, market sales increased by 25.40% to AED 186.87 billion, up from AED 148.96 billion in the same period the previous year. According to Dubai Land Department (DLD) data, there were 65,890 sales transactions between January and May 2024, a 30.30% increase year on year (YoY) from 50,592. The Dubai real estate sector…

Azizi Developments, a leading private developer in the UAE, has announced having sold more than 61% of the units across its released buildings in its luxury mixed-use development, Azizi Venice, located in Dubai South. Azizi Venice will comprise more than 30,000 residential units across approximately 100 apartment complexes, and over 400 luxury villas and mansions. Azizi Developments is taking on the role of master developer, constructing the buildings, roads, and all the infrastructure. Of the total 116 nationalities who purchased units in Venice so far, buyers from the United Arab Emirates made up the largest demographic, followed by investors from the GCC, Europe, UK, India, Pakistan, and more. Mr. Farhad Azizi, Chief Executive Officer of Azizi Developments, said: “We are…

Real Estate Leader OMNIYAT Announces OMNIYAT GROUP to Lead New Ventures targeting AED 100B total portfolio over the next five years OMNIYAT, Dubai’s ultra-luxury real estate leader, has announced a new chapter in its remarkable journey with the unveiling of a new corporate structure led by the newly-formed OMNIYAT GROUP. Founded as an umbrella to drive success across its branded companies, OMNIYAT GROUP has announced an AED 100B total group portfolio target over the next five years and committed AED 50B in portfolio value for new ventures across diversified real estate sectors.   OMNIYAT was founded in 2005 by Executive Chairman Mahdi Amjad, a visionary pioneer in the Dubai real estate sector. Established with the ambition to revolutionize the Dubai property market by…

Qube Development, a renowned international real estate developer with 30 years of experience, has entered the thriving UAE market with a plan to introduce AED2.6 billion ($680.6 million) worth of inventory into the market by the end of 2025.     The developer is committed to set new benchmarks in sustainable and high-quality developments, covering a total GFA of 2,291,946 sq ft in Dubai, it said.   With a strong focus on durability, reliability, sustainability, and exceptional quality, Qube Development honours its commitment by leveraging collaborations with world-renowned architects for all their projects. In partnership with its local contractor, Qube Development ensures meticulous attention to design and construction, a statement said.   Acting swiftly in the…