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."

UAE - Object 1, a Dubai-based real estate developer, has announced that work is moving at a steady pace on its flagship sustainability development, Evergrin House, located in the heart of Dubai’s Jumeirah Garden City, with the project on track for completion and handover in Q2 2026. Part of the international TSZ Group, the group has over a decade of experience in Spain, Ukraine and the UAE. Offering exceptional value with prices starting from AED995,000 ($270,858), the key development features 219 residential units, ranging from studios to two-bedroom apartments, with sizes spanning from 37 sq m to 106 sq m, catering to diverse lifestyle preferences. In line with the UAE’s Green Agenda 2030, which emphasizes sustainable development, environmental responsibility, and…

Azizi Developments, a leading private developer in the UAE, has launched Azizi Wasel, its new seafront residential project located on the picturesque Dubai Islands. Offering breathtaking sea views with a backdrop of the emirate’s iconic skyline, the development seamlessly blends modern comfort, elegance, and convenience. Azizi Wasel features a variety of luxurious residences, including panoramic penthouses, studios, one-, two, and three-bedroom apartments. Each unit is designed to focus on contemporary sophistication, providing beautiful views of the sea and the cityscape. Residents will be able to enjoy a comprehensive range of community amenities, including a cinema, a clubhouse, swimming pools, a fully-equipped gym, children’s play areas, ample parking spaces, premium…

Dubai continues to cement its status as a global hub for luxury real estate, attracting world-renowned opera singer Andrea Bocelli, who has purchased an exclusive residence within the prestigious Bugatti Residences by Binghatti. As the first Bugatti-branded development in the world, this project redefines luxury with bespoke design and unparalleled opulence. The acquisition was confirmed during a signing ceremony at the Emirates Palace Hotel in Abu Dhabi, attended by Muhammad Binghatti, Chairman of Binghatti Developers, who emphasized the significance of this deal in enhancing the UAE’s image as a global center for luxury living and investments. “We are honored to welcome the legendary Andrea Bocelli to the Binghatti family. Andrea’s trust in our group is a testament…

Andalusia Group, a pioneering real estate developing company based in Dubai, announced the launch of Bottega Nove Premium Residences, an epitome of Italian- inspired luxury living in Dubai, against a cost of AED 210 million. This architectural marvel spans nine stories, crafted entirely from exquisite Italian materials, reflecting the pinnacle of modern Italian design. Located in the vibrant & mixed-use area of Majan, in Dubailand, Bottega Nove promises residents a lifestyle of unparalleled opulence. In a landmark partnership, Kandy Real Estate Brokers will serve as the exclusive brokers for Bottega Nove. Their expertise is entirely crucial in aligning the project with discerning buyers and investors who appreciate refined living spaces. Saleh Tabakh, CEO of Andalusia Real…

DUBAI: Mohamed Alabbar, CEO and Managing Director of Emaar Properties, challenged conventional marketing wisdom, asserting that genuine products, honesty, and credibility outweigh traditional marketing strategies. Addressing a captivated audience during a thought-provoking session entitled "Why I Let Go of My Marketing Team," as part of the 1 Billion Followers Summit 2025, Alabbar, whose leadership has propelled Emaar and other property companies to develop over US$350 billion in real estate projects across 18 countries, shared his unconventional approach to building one of the world's most recognised real estate and hospitality brands. The session is part of the third edition of the 1 Billion Followers Summit, the world’s largest gathering dedicated to the content creator…

Edgnex Data Centers by Damac, a major digital infrastructure company and a fully owned unit of Dubai-based real estate developer Damac, has announced its strategic entry into the US data centre market, marking a transformative phase in its international expansion. Since its inception in 2021, the group has rapidly expanded across the Middle East, Southeast Asia and Europe, setting the stage for a strategic entry into the US market. It brings and sets new benchmarks in secure, scalable, and sustainable digital infrastructure. Edgnex, with a management team of 100+ professionals based in the Middle East, Europe and Asia, is actively expanding its team to support these growth plans. The Damac unit is set to initially pump $20 billion into the market with a plan to potentially double the…

Aldar Properties, Abu Dhabi-based property developer and real estate asset manager, which is selling a US dollar 30.25-year non-call 7.25 hybrid bond, has set the deal size at $1 billion. Books are in excess of $4 billion, excluding joint lead manager interest. The initial price thoughts are in the 6.875% area. The Regulation S notes are rated Baa3 by Moody's, one notch below the issuer's Baa2 rating. Abu Dhabi Commercial Bank, Bank of China, Citigroup, Emirates NBD Capital, First Abu Dhabi Bank, HSBC, Intesa Sanpaolo London branch, JP Morgan, Mashreqbank, RAKBANK and Standard Chartered are joint lead managers and bookrunners. The proceeds will be used for general corporate purposes. (Writing by Brinda Darasha; editing by Seban Scaria)

During the year of 2024, Reportage Group achieved a significant milestone by surpassing a sales value of AED 5.7 billion (approximately over 1.6 billion USD). This accomplishment not only underscores the company’s exceptional performance but also represents a more than 50% increase in total revenue compared to the same period in 2023. This achievement is particularly significant considering Reportage's unwavering commitment to a 'zero-leverage' and 'debt-free' strategy. Every project is developed without reliance on mortgages or any form of leveraged financing, ensuring the company's resilience and sustainable long-term stability in the market. Beyond the impressive numbers, this success cements Reportage’s position as a leader in the UAE real estate market. By offering…

Dr. Abdul Rahim bin Ahmed Al Farhan, a market expert, expects the unmatched Dubai real estate boom to continue in the long term thanks to several factors, most notably rapid population growth, architectural diversity in the projects offered, and the emirate’s strong and diverse economic system. In a press release issued on Tuesday, Al Farhan pointed out that the real estate sector in the emirate has greatly benefited from the strong and advanced infrastructure, in addition to mega projects such as Expo 2020, which have contributed to prove the emirate’s position on the global real estate map. The expert added that the Emirate of Dubai provides attractive real estate options for everyone with different, making the Dubai market a major attraction for real estate investors from…

The record AED120 million ($32.7 million) sale of a luxury villa in Dubai’s Emerald Hills community highlights an investment strategy delivering exceptional returns for ultra-high-net-worth individuals (UHNWIs). The sale brought a AED40 million ($11 million) profit for an investor who retained fäm Properties to find the ideal plot, design and manage construction of the stunning 25,000 sq ft villa, and secure an off-plan buyer. It’s a formula which the company says can help UHNWI’s unlock the full potential of Dubai’s ultra-luxury real estate market, with two more prime opportunities currently available at Emerald Hills. One similar plot is listed for AED35 million, with the estimated construction cost for a comparable luxury villa bringing the total…