UAE - Khalifa Economic Zones Abu Dhabi – Kezad Group and UAE-based Azizi Developments have signed a 50-year land lease agreement for the establishment of 12 state-of-the-art factories in Kezad A (Kezad Al Ma’mourah). To be developed with an AED1 billion ($270 million) investment from Azizi Developments, the project will encompass the establishment of a reinforcement steel cut and bend facility, timber joinery and duct fabrication workshops, a modular factory, an aluminium and glass fabrication unit, as well as an aluminium extrusion factory. Spanning approximately 220,000 sq m, these facilities will make use of the given space equipped with advanced infrastructure for the design and development of essential equipment and parts to serve the needs of the real estate…

UAE-based leading developer Omniyat has officially announced the launch of The Alba, an AED7 billion ($1.9 billion) architectural masterpiece in Dubai designed by Zaha Hadid Architects (ZHA). Unveiled in front of a select group of VVIP customers during the recent Monaco Yacht Show, The Alba is being dubbed by Omniyat as the world's first premium garden retreat by the sea. Located on the Eastern Crescent of Dubai’s iconic Palm Jumeirah, it will provide private sanctuaries, offering uninterrupted views of Dubai Marina, Burj Al Arab and Burj Khalifa, said a statement from Omniyat. The Alba, Dorchester Collection, Dubai elevates luxury living, representing Omniyat’s boundless vision through a seamless blend of beachfront hospitality and ultra luxury residential experiences. It…

UAE - Luxury real estate developer AMIS has awarded the main construction contract for its AED425 million ($115 million) Woodland Residences project to Dar Al Aayan Contracting. The project, located within the District 11 of Meydan in Dubai, is scheduled for handover in April 2026. The development, which was 100% sold out within one week of its launch in January 2024, is located 12 minutes away from Downtown Dubai, and offers a 100-m swimmable lagoon reserved exclusively for residents. “We are thrilled to appoint one of the top contractors for this prestigious project,” said Neeraj Mishra, Founder and CEO of AMIS Properties. “With the exceptional cash flow from our quick sell-out, we are on track with our project milestones. The Woodland Residences is a testament to…

Al-Futtaim Real Estate, one of the region’s only private master developers with 60-years of experience as part of Al-Futtaim Group, has announced the launch of Al Badia Living in Dubai Festival City. This premium lifestyle community marks a new chapter for the area, positioning it as a top destination for living, working, and playing.   Al Badia Living offers over 340 generously sized and superbly appointed residential units, including one-to-four-bedroom apartments. With views of Al Badia golf course, Dubai Creek and Burj Khalifa, the development caters to singles, couples, and families, featuring resort-style amenities that set it apart.   Residents can enjoy state-of-the-art health and fitness facilities including an extensive gym featuring Life Fitness equipment;…

UAE - Domaine Properties, a UAE-based real estate advisory organisation specialising in luxury residential, commercial, and hospitality properties, has announced the opening of its new office in Business Bay, marking a significant milestone in the company’s expansion strategy. The company has built a reputation for delivering high-quality solutions to a diverse clientele, including investors, property owners, and developers. This new office will serve as a hub to better accommodate the growing demand for premium real estate in Dubai and beyond. “The opening of our Business Bay office is a reflection of the incredible growth we’ve seen over the past few years,” said Bassam Abou Kurch, CEO of Domaine Properties. “Our goal has always been to expand our…

UAE-based Azizi Developments has announced that it has sold all the units within Pearl, a premium residential property situated in Dubai’s growth corridor, Al Furjan, which boasts easy access to all of the emirate’s points of interest while still being a comfortable distance away from the bustle of the city.   The premium development comprises 192 studios, 54 one-bedroom apartments and 14 two-bedroom apartments.   Among the 40 nationalities that have purchased units in Pearl so far, buyers from the UAE represent the largest demographic at 25% followed by investors from US, Italy and Germany, which make up a combined 35%, as well as various GCC nations, including Saudi Arabia, that make up a combined 30%. Chief Operating Officer Afzaal Hussain said: "We take…

Sweid & Sweid, an international award-winning real estate company, has announced that it has sold 6 Falak, a newly built Grade A office building located in the heart of Dubai Internet City, to Abu Dhabi-based Aldar Properties.   The recently completed property stands out as one of the highest-quality assets in DIC, offering over 90,000 sqft of institutional-quality commercial office space.   The fully occupied property is positioned on one of the last remaining freehold plots in the free zone and is now home to several multinational blue-chip tenants, including Roland Berger, MSD, and IFS, stated the developer. On the key sale, Maher Sweid, Managing Partner of Sweid & Sweid, said: "The completion of this transaction marks another milestone for the company in…

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,…