Binghatti, the leading Emirati real estate developer has signed a sponsorship agreement with Shabab Al Ahli Football Club, one of the UAE's top professional football teams. The sponsorship, will see Binghatti’s logo featured on the club’s team jerseys, with the company becoming the title sponsor for the UAE football club starting from the 2024-2025 season. This partnership highlights Binghatti’s commitment to supporting local youth and sports development. Through this sponsorship, Binghatti aims to empower young talent, providing Shabab Al Ahli with the resources necessary to achieve continued success on both national and international stages. Muhammad Binghatti, Chairman of Binghatti Holding, expressed his enthusiasm: “We are honored to sponsor Shabab Al Ahli,…

* 9 exceptional months of sales topped AED 374 billion   * Highest quarterly sales ever during Q3 2024 exceeding AED 142 billion   *  The highest sales ever for September at about AED 43.3 billion   Walid Al Zarooni: = Dubai  real estate sector turned challenges into unprecedented achievements  = The real estate sector continues to break sales records on daily, weekly and monthly bases = Dubai 57 months cumulative real estate sales  make AED 1.3 trillion      A new survey  by the Dubai-based W Capital Real Estate Brokerage showed that real estate sales in Dubai reached an unprecedented record level in the first nine months of 2024, increasing by 35% to AED 374.44 billion, resulting from 130,412 transactions, compared to…

"Finance World", the prominent  financial and business  magazine in the Middle East and North Africa,  ranked Andrea Nucera, the Managing Director of Reportage Properties, on the 2024 list of the top 50 leaders in the UAE real estate sector. The magazine  shed light on the leaders who reshaped the real estate sector  and set global standards for urban innovation. Andrea Nucera, who held his current position since Reportage Properties inception in 2014, is one of the prominent leaders in the local and regional real estate sector. Thanks to his extensive experience in the real estate field, Nucera led "Reportage Properties" to expand and launch many distinguished projects inside and outside the UAE. The company's  portfolio now includes 35 projects in the…

Driven Properties, a leading real estate brokerage in Dubai, said it has orchestrated the sale of one of the largest plots in Business Bay, paving the way for the building of a new, sustainable, premium office park by Lamar Development. The office park will serve as a welcome addition to the area, addressing the critical shortage of Grade A office spaces in Business Bay and the city at large. This investment on the canal strip puts the Gross Development Value for Lamar’s existing and upcoming developments across the canal to over AED12 billion ($3.26 billion). With neighbouring off-plan office developments seeing prices that exceed AED7,000 per sq ft, the sale solidifies Driven Properties’ position as a trusted provider, even in the face of short supply. The plot, sitting…

W Capital, a Dubai leading real estate brokerage, signed a cooperation agreement with Mohammed Al Hashimi Advocates and Legal Consultants, with the aim of providing the best legal guidance and consultations to W Capital clients who try to purchase real estate. W Capital CEO, Walid Al Zarooni, signed the agreement with Mohammed Al Hashimi Advocates and Legal Consultants partner, Omar Al Awadhi.  “We are pleased to provide a new service to W Capital clients in cooperation with Mohammed Al Hashimi Advocates and Legal Consultants, with the aim of providing a lawyer accompany the client in all the legal procedures necessary to purchase the property,” said Walid Al Zarooni. The CEO noted that after going through all the procedures for purchasing a property in Dubai, from the…

Reportage Properties, the leading UAE real estate developer, is participating in the activities of the first edition of the “Acres Real Estate Exhibition” in Dubai, to be held at the Dubai World Trade Center from May 16 to 19. The “Reportage Properties” portfolio includes 35 projects in the UAE, Egypt, Turkey, Morocco and Saudi Arabia. Reportage confirmed their keenness to participate in the exhibition, which provides an ideal and distinctive platform to support real estate developers and investors by promoting their real estate projects.  The real estate sector benefit from the UAE major urban and economic renaissance in general and the Emirate of Dubai in particular. The UAE government provide facilities, initiatives and legislation to stimulate…

Reportage Properties, the leading UAE real estate developer, is participating in the activities of the first edition of the “Acres Real Estate Exhibition” in Dubai, to be held at the Dubai World Trade Center from May 16 to 19. The “Reportage Properties” portfolio includes 35 projects in the UAE, Egypt, Turkey, Morocco and Saudi Arabia. Reportage confirmed their keenness to participate in the exhibition, which provides an ideal and distinctive platform to support real estate developers and investors by promoting their real estate projects.  The real estate sector benefit from the UAE major urban and economic renaissance in general and the Emirate of Dubai in particular. The UAE government provide facilities, initiatives and legislation to stimulate…

Several real estate agents were fined, and brokerage licenses were suspended for non-compliance with real estate rules and regulations in Abu Dhabi.   According to authorities, 50 fines were issued against brokers for violating real estate rules and regulations during the first quarter of this year.   These brokers were also penalised for unregistered project marketing, as well as failure to adhere to professional conduct.   In addition, the Abu Dhabi Real Estate Centre (ADREC) reported that seven real estate brokers were suspended from practising, and their brokerage office was fined Dh30,000 for failing to adhere to professional conduct.   The ADREC ensured that the authority prioritises lawful practices in line with their efforts to maintain the highest…

  "Muaayana"... the first service of its kind in Dubai freehold areas   “Muaayana” disclose defects in the residential unit before  hand -off and provides a comprehensive report that includes solutions   80% of real estate sales in Dubai are to people from outside the emirate        Walid Al Zarooni     Building Rank Group provides services in 7 Middle East markets   The company started business in the UAE 6 months ago and inspected 60 properties   The cost of service which ranges between 4-8 thousand dirhams , is affordable for real estate investors   Mohammed Wisam   Dubai, United Arab Emirates  Saturday, May 11, 2024   W Capital, a Dubai based…

Walid Al Zarooni: Real estate insurance is a “trustworthy guardian” to protect real estate investments    A  W Capital assessment noted 10 benefits of real estate insurance in the UAE against the risks of fire, water, or natural disasters, such as the recent unprecedented rain storm.  “Property insurance, whether real estate or a car, has become a must after the recent severe weather conditions that caused damage to some homes and properties,” said Walid Al Zarooni W Capital brokerage CEO.  “The real estate insurance is the “trustworthy guardian” to protect real estate investments, as it provides the necessary layer of protection against a wide range of risks, such as natural damage or legal challenges, to ensure…

“W Capital” latest study   24% annual growth in off-plan property sales value Dubai Maritime City tops the list with the highest demand for off-plan sales, AED 4.24bn AED500bn in real estate sales expected in 2024 Off-plan sales activity comes in light of a group of buyers preferences to bank on the revenues, W Capital- the leading Dubai real estate brokerage – assessed off-plan real estate sales growth in the first quarter of 2024.The study expected 24% growth in sales to AED44.52bn, compared to AED35.9bn in the same period in 2023. W Capital stated in the report, which was based on data from the Dubai Land Department-DLD, that the number of off-plan sales transactions rose 27.48% on an annual basis in the first quarter of this year, to about 20.540…

To give residents more job opportunities, the Land Department (DLD) announced on Sunday that it had inked an agreement with nine developers, both private and government-backed, to assign a specific percentage of their projects to be sold through Emirati brokers.   In a deal signed with Emaar Properties, Expo Dubai, Deyaar, Damac Properties, Azizi Developments, MAG, Sobha Realty, Ellington Properties, and Al Bait Al Duwaliy Real Estate Development, the regulator said the aim is to “allocate a 10 percent to 15 percent quota of their projects to be sold through Emirati brokers.”   To help local talent progress in the real estate industry, the agreement was signed as part of the “Dubai Real Estate Programme.”   Furthermore, the agreement calls for…