Dubai master developer Emaar Properties has announced the launch of its latest project, The Heights Country Club & Wellness, a mega project being set up in Dubai at an investment of AED55 billion ($15 billion).     Unveiling the key development at a grand event held at the Armani Dubai Hotel ballroom yesterday (May 20), Emaar said it is strategically designed to foster an environment of health and well-being, perfectly aligning with Dubai's leadership’s vision to enhance the quality of life and promote well-being across the emirate.   In addition to its chic townhouses and semi-attached villas, the development features a thoughtfully designed wellness centre, parks, ponds, lush greenways, and an overall community-wide country club experience throughout the…

 Azizi Developments has announced that it has renewed its partnership with Abu Dhabi-based Light Concept for the fourth phase of its French Mediterranean-inspired waterfront community Riviera located in Mohammed Bin Rashid City.       A renowned lighting design consultant, Light Concept is known for its deep industry expertise and dedication to delivering outstanding illumination solutions.   Under this partnership, it will be responsible for the design of façade lighting within the mega project.   Specializing in a wide range of projects, including indoor, façade, landscape, street, and infrastructure lighting, as well as bespoke designs, the company is highly acclaimed for its innovation and creativity in illuminating spaces, it…

Damac Properties, a leading luxury real estate developer in the UAE, has announced the successful launch of Phase Two of Lagoon Views within the vibrant and strategically-located Damac Lagoons development.   Following a record sell-out of phase one, the latest release aims to cater to the growing demand for comfortable and modern living in a serene waterfront setting. Phase Two introduces 600 Mediterranean-inspired one and two-bedroom apartments spread across nine buildings nestled in Damac Lagoons. The interiors of these residences are designed with neutral colour schemes, enhancing the sense of understated luxury and creating a calming atmosphere. Large balconies extend the living spaces, allowing residents to enjoy a serene connection to the outdoors and breathtaking views of…

Dubai-based Prestige One Developments has announced the launch of its latest project - Waterway - strategically located in Mohammed Bin Rashid City, that will offer its residents an exclusive lifestyle with direct access to crystal lagoons and waterfront amenities. This launch will be followed by another of its key projects, Seaside, at the Dubai Islands. In proximity to the Dubai Islands Mall and a selection of fine restaurants, Seaside promises the experience of having its residents enjoy life between the city and the sea, stated the developer. This comes as part of the new wave of luxury developments worth over AED1 billion ($272.2 million) being unveiled by the developer. Building on the success of past ventures, the Dubai group remains steadfast in its commitment to bringing more…

Gulf Land Property Developers recently announced its collaboration with Tonino Lamborghini Group to develop an upscale residential community in the heart of Dubai. This distinctive development will bear the prestigious Tonino Lamborghini brand, synonymous with Italian quality and sophistication worldwide.       The new residential community introduces a fresh perspective to lifestyle living in Dubai and aims to leverage Tonino Lamborghini's 40-year design legacy with the renowned expertise of Gulf Land Property Developers, currently engaged in crafting unique luxury living projects—Paradise Hills and Serenity Lakes.       According to Savills, the global property market has seen a slowdown, particularly in the US and EU, due to rising interest…

DUBAI: Emaar Properties PJSC has released its financial results for the first quarter of 2024, showcasing consistent resilient performance and operational efficiency across its various businesses.   Emaar achieved its highest ever quarterly group property sales in Q1 2024, totalling AED13.5 billion (US$ 3.7 billion), reflecting a robust 47 percent growth compared to Q1 2023.   Emaar recorded revenues of AED6.7 billion (US$ 1.8 billion), and net profit before tax of AED4.3 billion (US$ 1.2 billion), which grew by 16 percent compared to the same period last year.   Supported by incremental property sales, Emaar's revenue backlog from property sales reached AED78.3 billion (US$ 21.3 billion) as of March 2024, growing by 9 percent from December 2023. This backlog…

Alpago Properties, the premier real estate developer renowned for crafting a series of exclusive properties on the illustrious Billionaires Row of Palm Jumeirah, has announced the launch of its latest masterpiece, Kural Vista.   Unveiling the project, Alpago Properties said this beachfront signature villa represents the zenith of luxury living, uniquely combining breathtaking design, exceptional functionality, and the epitome of luxury amenities.   Set on a plot of over 15,000 sq ft with a built-up area of 12,554 sq ft, the villa spans multiple levels with five en-suite bedrooms, each featuring private walk-in closets and terraces that offer stunning views of the crystal-clear Arabian Gulf and the glittering Dubai skyline.   Located on the prestigious Frond G of the…

 Dubai developer Binghatti proudly announces the acquisition of a state-of-the-art steel manufacturing facility in Dubai. The newly acquired steel factory marks a significant milestone in Binghatti’s commitment to innovation and excellence in the real estate industry.   The facility will be equipped with cutting-edge technology and will serve as the primary hub for Binghatti's proficient in-house team of designers, architects, and manufacturing experts to transform ground-breaking architectural design into top-tier hyper-towers. Design structures including elements of the iconic crowns featured atop of Binghatti’s latest mega projects Burj Binghatti Jacob&Co Residences as well as Mercedes Benz Places | Binghatti are expected to be manufactured in the…

Property prices in Dubai rose for the 15th consecutive quarter during the January-March 2024 period, mainly driven by affordable and mid-market communities. Analysts say that Discovery Gardens, Sports City and Dubailand apartments saw the highest increase in prices as demand from residents and foreign investors continued to keep the prices higher. The city is seeing villa owners renovating older units and reselling at notably higher prices to keep up with the demand. “There are no signs of capital values slowing down yet, with city-wide sales prices rising for the 15th consecutive quarter. City-wide sales prices are up by 20 per cent year-on-year and 66 per cent higher than the first quarter of 2020 (pre-Covid19),” said Prathyusha Gurrapu, director and head of research and…

UAE-founded real estate developer with global aspirations, Damac Properties, has announced brand-new office openings in Beijing and Singapore.       With its sights firmly set on global expansion, the office openings signal the brand’s push and significant investment and commitment to APAC.   As UAE’s largest private real estate developer with headquarters in Dubai since 1982, Damac has grown exponentially to an impressive diverse portfolio, including luxury real estate developments, hospitality experiences, data centres, retail, fashion, and capital markets. In December 2023, Damac announced plans to enter the Chinese market with its entry into Shanghai, capitalising on the growing demand for the UAE and Damac’s portfolio from Chinese HNWI and…

Aldar Properties (Aldar) unveiled Athlon, a first-of-its-kind “active living” community in Dubai. With top-notch amenities and a dynamic activity schedule hand-picked by wellness specialists, the development reimagines fitness-focused living to promote everyone’s long-term well-being and a strong sense of community. Athlon is the joint venture’s second ground-breaking residential project in Dubai, following the highly successful Haven by Aldar, which debuted in late 2023. It was developed in collaboration with Dubai Holding, a diversified worldwide investment company with holdings in 31 countries. Jonathan Emery, Chief Executive Officer of Aldar Development, said, “The unveiling of Athlon marks a definitive moment in our ambitious Dubai expansion…

Aldar Properties (Aldar) today unveiled Athlon, a first-of-its-kind "active living" community in Dubai.   Featuring world-class amenities, as well as a dynamic programme of activities exclusively curated by wellness experts, the development redefines fitness-focused living, with the goal of ensuring long-term wellbeing and a profound sense of community for all residents.   Developed in partnership with Dubai Holding, a diversified global investment company with investments in 31 countries, Athlon represents the joint venture’s second groundbreaking residential project in Dubai, building upon the resounding success of Haven by Aldar, launched in late 2023.   Jonathan Emery, Chief Executive Officer of Aldar Development, said, “The unveiling of Athlon marks a…