AJMAN – Ajman Municipality and Planning Department announced that the value of rental transactions has increased in 2024. The total value of lease contracts reached AED4.929 billion. The value of lease contracts recorded a growth of AED1.646 billion, with an increase of 50.13% compared to 2022, according to the Department's 2024 Annual Report. Abdul Rahman Mohammed Al Nuaimi, Director General of Ajman Municipality and Planning Department, confirmed that the Emirate of Ajman has become a leading city that attracts residents, visitors, and investors, as it has all the elements that provide an ideal and safe living environment. He added that the Emirate has become a preferred destination for visitors thanks to its luxurious amenities and modern facilities that guarantee…
Emirates Real Estate
UAE - Demand for residential property is on the rise in Abu Dhabi, where 38,700 new units are set to come to market by 2028, according to leading real estate advisory and property consultant, Cavendish Maxwell. Following a strong performance last year witor in the UAE capital is poised for further growth this year and beyond, fuelled by increased demand and strategic Government initiatives, said Cavendish Maxwell in its latest Abu Dhabi Residentiah 9,700 sales transactions worth a total AED26 billion ($7.1 billion), the residential real estate sectl Market Performance Report. Some 10,800 new units are due to be delivered this year, with another 6,000 in 2026. By the end of 2028, Abu Dhabi’s total residential inventory will be around 313,700, it stated. Cavendish Maxwell said…
UAE - Leading UAE real estate developer Alef has announced that it has appointed CC7 as the main contractor for the Al Mamsha Raseel project, being developed at an investment of AED1.1 billion ($299 million). The development, part of the larger Al Mamsha Sharjah community, will comprise 11 buildings across the Darb and Nama clusters, delivering a total of 1,915 residential units. The project is set to redefine modern living in Sharjah, offering a blend of luxury, sustainability, and community-centric design, said the Emirati developer. Work is set to begin soon on the project and is likely to be completed in December 2028, it stated. Announcing the contract award, CEO Issa Ataya said: "The appointment of CC7 marks a significant milestone in the development of Al Mamsha Raseel. Their…
Burtville Developments recently welcomed a distinguished delegation from Masdar City’s senior management, led by CEO, Mr. Ahmed Baghoum, for an official visit to the “Ville 11” project site on February 24, 2025. The visit included a comprehensive tour to assess the latest construction progress and inspect the final details of the residential units.A key highlight of the visit was the unveiling of the newly completed show apartment—a fully furnished three-bedroom duplex—crafted to reflect superior quality and timeless elegance. The delegation praised the exceptional standards of the development and the impressive speed of execution. Burtville Developments has made significant strides, achieving 50% project completion within just 13 months since construction…
Ohana Development, a leading luxury real estate developer in the UAE, has announced the ground breaking of its premium residential project - Elie Saab Waterfront by Ohana - on Abu Dhabi’s prestigious Al Reem Island. Designed to set new benchmarks in attainable luxury living, the development will bring Elie Saab’s unique design vision to life, creating a masterpiece that combines art and architecture, said the developer. The project, being developed in collaboration with world-renowned fashion designer Elie Saab, will comprise 174 units, ranging from contemporary apartments to opulent penthouses. Scheduled for completion in Q2 2027, the project is positioned to become a landmark on Al Reem Island, offering panoramic views of the Arabian Gulf and Abu Dhabi’s…
Abu Dhabi – Aldar Properties has completed the sell-out of the first phase of The Wilds, generating AED 5 billion through a series of local and international sales events. The project is designed to let residents and nature thrive together and is Aldar’s third development in Dubai in partnership with Dubai Holding, according to a press release. In the initial phase, Aldar launched the community’s three-, four-, and five-bedroom villas with 734 homes sold. It attracted a wide range of customers with expatriate residents and overseas buyers accounting for 92% of sales, highlighting Dubai’s position as a global destination for both long-term residency and investment. Buyers from India, China, and the UK make up the top three nationalities by sales…
SHARJAH: Alef, the real estate developer in the emirate of Sharjah, announced that the first phase of "Al Mamsha Seerah" is advancing at an accelerated pace, with 100 percent completion of structural work, in line with the scheduled delivery of the project in "Al Mamsha Sharjah" by Q4 2026. Furthermore, 98 percent of the units have already been sold, underscoring the strong confidence of both local and international investors and reflecting the growing demand for upscale residential properties in Sharjah. The construction of "Al Mamsha Seerah" is advancing rapidly, with the structural works significantly progressed. Blockwork and finishing’s are also well underway. In addition, the development of HVAC, electrical, mechanical, and plumbing systems, along with the final finishing…
Leading UAE-based developer Arada has awarded a contract for the construction of Phase I of Arada Central Business District (CBD), the upcoming commercial centre for Sharjah, within the AED35 billion ($9.5 billion) Aljada megaproject. The AED604 million ($164 million) contract has been clinched by Modern Building Contracting Company (MBCC), which will begin construction of the first cluster of Arada CBD immediately, with completion and handover scheduled for the first quarter of 2027. The eight smart blocks included in the Phase I include Arada’s headquarters, a nine-floor building that will introduce a dynamic new workplace for the master developer’s 1,500 staff. Arada’s headquarters contains extensive facilities including an accessible roof for events, an…
The Sharjah real estate achieved a solid and exceptional performance in the first month of 2025, as the volume of real estate transactions reached AED7 billion during January, while the total number of transactions reached 11,116, and the total area traded in sales transactions reached 10.4 million square feet. Generally, the Sharjah real estate has witnessed remarkable development in recent years, which reflects an ambitious vision that combines innovation, sustainability and high quality. This development is the result of Sharjah Government’s wise policies and the major investments in infrastructure, which made the emirate an attractive real estate destination that combines a modern civilized character with an authentic cultural identity. These real estate projects are also…
RAS AL KHAIMAH - The Lands and Properties sector of Ras Al Khaimah Municipality achieved remarkable results in 2024, recording registered real estate transactions worth over AED15 billion. This reflects the significant activity in the emirate's real estate sector and the market's robust growth. A total of 2,985 sales transactions were recorded, surpassing AED6 billion in value. Additionally, 1,224 mortgage transactions were completed, with contract values exceeding AED4 billion, alongside 845 assignment transactions with a total market value of more than AED3 billion.
The annual Real estate Report of the Department of Land and Real Estate Regulation in Ajman revealed that the value of trading in real estate development projects in the emirate exceeded AED1.44 billion, a significant increase of 67% compared to 2023. Omar bin Omair Al Muhairi, Director General of the Department of Land and Real Estate Regulation, said that the Real estate market in Ajman continued its exceptional activity during the past year and witnessed a significant increase in the number of trading in real estate development projects, which amounted to 3,624 trading operations, a growth of 44% compared to 2023. He pointed out that the Al Zorah area witnessed the highest sales value in real estate development projects, at a value of AED6.92 million, explaining that the “Gold…
UAE developer Imkan has launched Naseem AlJurf, the latest addition to its AlJurf community, featuring 111 villas, eight apartment towers as well as 60 townhouses, located in the Emirates Riveria in close proximity to key Abu Dhabi and Dubai locations. Unveiling the new project, Imkan said Naseem AlJurf (breeze in Arabic) represents the next phase in an elevated luxury and serene living concept in the UAE. As part of the expansive 3.8 million sqm AlJurf masterplan, the project is set against pristine natural surroundings which seek to evoke a sense of harmony, stated the developer. The vibrant community situated in an area that 1.6 km of coastline and features a remarkable 9 km canal front. The area has long been associated with deep cultural and historical significance, and its unique…