- Azizi Developments, a leading private developer in the UAE, has announced its partnership with Larsen & Toubro, a multinational conglomerate, for the supply of top-tier MEP isolators across various projects in Dubai.       The projects cover 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.   Larsen & Toubro (L&T) is a global powerhouse in engineering, construction, manufacturing, technology, and financial services.   Tizian H G Raab, Head of PR & Communications at Azizi Developments, said: “Partnering with Larsen & Toubro reflects our unwavering commitment to delivering…

UAE-based Ayana Holding, a network of companies renowned for its expertise in construction, architectural design, infrastructure and real estate sales, has set up a new entity, Amaal, that aims to reshape urban living in UAE.   An innovative real estate developer, Amaal said it will tap into an extensive network of global resources and expertise, transcending borders, boundaries, and benchmarks in real estate. By seamlessly blending sophisticated design with modern convenience, Amaal is set to revolutionise the real estate landscape, delivering residential masterpieces that cater to the evolving demands for an elevated living experience, said the statement from Ayana Holding. At the helm of this ambitious initiative is Abdulla Lahej, Chairman of Amaal and Founding Partner of…

UAE - Taraf, the real estate division of UAE-based investment group Yas Holding, has signed up TMF Euro Foundation as the enabling works contractor for Cello Residences, a set of premium residences located in the heart of Jumeirah Village Circle (JVC).   A key project, Cello will usher in a new era of refined living to one of Dubai’s most vibrant and well-established areas. The residences will feature distinctive architecture and serene interiors, offering a seamless integration of work, living, and leisure. From open studios to spacious one-to-three-bedroom apartments and four-bedroom penthouses, CELLO will epitomize contemporary living. Taraf's signature attention to detail and comfort will ensure each property strikes a perfect balance between functionality and ambiance,…

DUBAI: Arada has announced its first expansion outside its home UAE market with the launch of operations in Australia. The Dubai-based master developer has set up a new office in the Sydney suburb of Pyrmont, and is already planning multiple projects in Australia’s most populous city. Valued at AED6 billion, Arada’s extended pipeline of projects will aim to contribute towards urban renewal required to address the current housing shortage in Sydney. Adding over 2,500 homes to the Sydney housing market, sales and construction for Arada’s initial projects will begin in 2025. With significant land holdings, the sites will deliver extensive commercial and retail components, providing significant employment opportunities in the local community. Since its inception, Arada has…

ENBD REIT has sold two Dubai residential towers as part of a turnaround strategy which it said is for growth and portfolio optimisation. The Al Ramth towers in Remraam on the outskirts of Dubai, were sold for an undisclosed sum, with proceeds deployed to reduce debt with loan to value down to 49.4% from 51%, the real estate investment trust said.   The two Remraam residential towers, Al Ramth 57 and 59, are located in Dubailand and offer a total of 105 units with a net leasable area of 112,154 square feet.   A bourse filing said the decision to divest is in line with the REIT’s turnaround strategy and proactive asset management.   The units were acquired in September 2015 and represent 4% of the REIT’s portfolio value.   ENBD REIT, managed by…

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.”