Abu Dhabi developer Aldar Properties has announced the sale of more than 660 units at Verdes by Haven - the apartment residence within the Haven by Aldar masterplan in Dubai – within 72 hours of its launch.   Haven by Aldar is the company’s first development in Dubai in partnership with Dubai Holding. Announcing the key achievement, Aldar said it had generated over AED1 billion ($272 million) through its sales events. Construction work on the project is set to begin somewhere in the first quarter of 2025, it stated. The Abu Dhabi developer pointed out that expats and overseas buyers make up 83% of sales, with Indian, Egyptian and British passport holders representing the top three international markets by sales volume. The development also had strong uptake from UAE…

Reportage Properties, the UAE leading real estate developer, headquartered in Abu Dhabi, signed an agreement with Empire Holding Pakistan, the leading residential and commercial real estate company based in Lahore, Pakistan, to launch a joint venture in the booming Pakistani real estate market. The signing ceremony took place during a special event organized by Reportage Properties, on the sidelines of a special sales day on Sunday, June 30, 2024 at the Yas Hilton Hotel in Abu Dhabi. Andrea Nucera, Managing Director signed the agreement on behalf of Reportage Properties, with Faisal Iftikhar, Managing Director of Empire Holding Pakistan. Based on this agreement, which aims to enhance cooperation between the two companies, a new company with the name “Reportage Empire…

Reportage Properties is organizing a special sales event on Sunday, June 30, at the Hilton Yas Hotel in Abu Dhabi. The event will feature exclusive offers on the company's local and international projects, presenting attendees with significant investment opportunities within the UAE and abroad.   Reportage Real Estate reaffirms its commitment to providing special offers and discounts across all projects to meet the expectations of buyers and investors, both domestically and internationally. These initiatives are expected to drive sales for all of the company's projects in the UAE and overseas.   Reportage Projects   Reportage's portfolio comprises 35 projects located in the UAE, Egypt, Turkey, Morocco, and Saudi Arabia.   Last year, Reportage completed the…

Construction Week magazine, the specialized news platform for the construction and contracting sector in the Middle East, has ranked Andrea Nucera, Managing Director of Reportage Properties, on the 2024 list of the 150 most powerful and influential figures in the construction and building sector in the Middle East. Andrea Nucera is one of the prominent leaders in the real estate sector in the UAE and the region. He held his current position since Reportage Properties was established in 2014. 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, as Reportage Properties’ portfolio includes 35 projects in the Emirates, Egypt, Turkey, Morocco and Saudi Arabia. Recently,…

Arabian Hills Real Estate Development Company has proudly introduced its highly anticipated flagship project, Arabian Hills Estate. Situated along the road connecting Dubai and Al Ain, just a short 45-minute drive from the iconic Burj Khalifa area, this remarkable project boasts a total value of AED22 billion and spans 244 million square feet.     In line with the Abu Dhabi 2030 vision for sustainable development, Arabian Hills Estate is set to elevate the quality of life in the UAE capital. Envisioned as a fully integrated community, the project will embody the highest standards of sustainable design and living. Residents can look forward to a plethora of amenities including schools, medical services, and various entertainment facilities, catering to their every need.…

The world’s millionaires are poised to spend nearly $800 million on homes in Abu Dhabi and Ras Al Khaimah.     High-net-worth-individuals (HNWIs) from around the world are willing to buy $796.8 million worth of residential real estate in the two emirates, with those interested in Abu Dhabi ready to spend $408.3 million and those looking at Ras Al Khaimah expected to set aside $388.5 million, new research from Knight Frank revealed.   The report is based on a survey of 317 HNWIs – 217 around the world and 100 based in the Gulf Cooperation Council (GCC) region. The respondents have a combined net worth of $5.4 billion and own 1,149 homes around the world.   Abu Dhabi   Among the HNWIs, 40% have plans to buy a home in Abu Dhabi for investment…

The Abu Dhabi Real Estate Centre (Adrec) has announced that the sector has received record levels of foreign direct investment (FDI) with 487 individual investors injecting AED1.81 billion ($482 million) during the first quarter of 2024.   The custodian and regulator of Abu Dhabi’s real estate sector Adrec said these investors, from source markets including India, Russia, Canada, the UK, Jordan, and China, significantly increased their investments compared to the same period last year. "The performance of Abu Dhabi’s real estate market in the first three months of the year underscores the sector’s increasing appeal to international investors," Rashed Al Omaira, the Acting Director General at Adrec. "The robust growth on show offers encouraging signs for the…

224,000 sqm facility in KEZAD will enhance the emirate’s standing in the marine engineering industry       Khalifa Economic Zones Abu Dhabi – KEZAD Group, the largest operator of integrated and purpose-built economic zones, and NMDC Energy, a subsidiary of National Marine Dredging Company (NMDC), today signed an agreement for the establishment of a new manufacturing facility in KEZAD.   The 50-year lease agreement signed at the Make It In The Emirates Forum 2024, will see NMDC Energy invest AED 367 million ($100 million) in a 224,000 sqm facility in KEZAD, designated for modular fabrication.       The project will offer several strategic benefits to the regional oil and gas sector including world-class engineering, procurement,…

Burtville Real Estate Development, a Development company in the UAE real estate sector, announces the ongoing progress of construction works on the “Ville 11” project, recently launched in Masdar City, Abu Dhabi. The project contains 111 residential units. According to the Abu Dhabi Municipality (ADM) on the Dari website, Burtville has completed 11% of the construction works on “Ville 11,” which began immediately after obtaining the necessary permits. This milestone demonstrates the company's commitment to adhering to the project timeline, with completion and unit handover scheduled for the third quarter of 2027. The steady progress on “Ville 11” enhances client confidence in Burtville’s projects and the broader Abu Dhabi real estate market. The…

H.H. Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Chairman of the Abu Dhabi Executive Council, has inaugurated phase one of the North Bani Yas housing project, which comprises 1,365 new villas for UAE nationals, valued at AED3.1 billion.     Spanning an area of 3.1 square kilometres, the project falls under the directives of President His Highness Sheikh Mohamed bin Zayed Al Nahyan.   H.H. Sheikh Khaled also named the wider project Al Mizn Neighbourhood. Spanning 9.06 square kilometres, the entire development will include 3,453 new villas, showcasing modern designs infused with Emirati heritage. The total investment value of the project is AED9.3 billion.   Ranging from five to six bedrooms, the villas occupy areas between 425 and…

 Reportage Properties, the leading UAE real estate developer, announced signing of an agreement with, the leading company in manufacturing furniture. The partnership created a new company, “IPS Reportage Construction and Development,” which will provide state-of-the-art services in construction and real estate development. The agreement was signed by Andrea Nucera, Managing Director of Reportage Properties, and Mohamed Farouk, Chairman and CEO of Mobica. The agreement aims to enhance cooperation to provide innovative solutions that improve the experience of Reportage customers and contribute to creating ideal work environments. Reportage Properties confirmed their interest in strengthening strategic partnerships with famous and distinguished companies working in the…

Tonino Lamborghini, a world-renowned name in Italian elegance and craftsmanship, has announced its latest venture – Tonino Lamborghini Residences - in Ras Al Khaimah, being developed in partnership with Arista Developments.       Unveiling the project, Tonino Lamborghini said the premium residential project redefines luxury living with a blend of iconic design, state-of-the-art amenities and sea views that set a new standard for modern living.   The development, located in the prime area of Al Marjan Island, will add 241 luxury branded units to the island’s inventory, offering a range of elegantly designed residences, said the Italian lifestyle brand in a statement.   Embracing Tonino Lamborghini's signature aesthetic, the project boasts modern…