Burtville Developments, in partnership with Bab Al Qasr Hotels, has announced the launch of Bab Al Qasr Residence at Yas Bay, located on Yas Island in Abu Dhabi. The company has started construction and sales for the project.  The company recently received the project registration certificate from the Department of Municipalities and Transport in Abu Dhabi.  Burtville Developments highlighted that the real estate market in Abu Dhabi is currently experiencing significant activity, with strong demand for property purchases, particularly from expats. This increase is driven by various initiatives and measures aimed at boosting business activity in the UAE, encouraging the company to continue its plans to launch more new real estate projects that serve a diverse range of…

SHARJAH: The real estate market in Sharjah witnessed the highest monthly real estate transaction volume during October, continuing its strong growth in 2024. According to a report on the “Real Estate Transactions” issued by Sharjah Real Estate Registration Department, the October 2024 real estate market reached AED 4.4 billion across 4,883 transactions, with a total of 14 million square feet. In detail, the report's statistics revealed that the total number of transactions reached 4,883, with sales transactions accounting for 1,415, representing 29 percent of the total number of transactions. As for mortgage transactions, they reached 443, representing 9.1 percent of the total transactions, with a value of AED 1.3 billion. Lastly, the number of other transactions reached…

UAE - OCTA Properties and world-renowned fashion and lifestyle brand Elie Saab have unveiled La Mer by Elie Saab, a signature development located on the prestigious Al Marjan Island in Ras Al Khaimah, developed by ARTE Developments. The project features three beachfront towers, connected through various levels with a dual lobby. The development boasts 355 residences ranging from 874 sq ft to 14,484 sq ft. These will be categorised into 10 different residence categories from one-bedroom apartments to chalets and villas, and nine exclusive penthouses spanning between 10,453 sq ft and 14,484 sq ft. The residences, designed with Elie Saab’s signature style, provide an exclusive living experience complemented by signature pieces from the Elie Saab Maison furniture collection. An…

RAK Properties (ADX: RAKPROP), Ras Al Khaimah's leading publicly listed property developer, has released its consolidated financial results for the third quarter of 2024, showcasing consistent financial growth and strategic advancements. RAK Properties recorded remarkable growth across metrics, including a 30% year-on-year increase in revenue to AED891 million. This growth is a testament to the successful execution of the company’s strategic vision for Mina Al Arab RAK and the diverse appeal of its project portfolio across residential, commercial, and hospitality projects, which continue to attract robust interest from both investors and end-users. The increase in profit before tax and gross profit, both by 27% and 46% respectively compared to last year, reflects RAK…

Leading Abu Dhabi developer Aldar has announced the launch of its new mixed-use project - Mamsha Gardens - beside Mamsha Al Saadiyat and Saadiyat Cultural District. A key free-hold development, it features seven residential buildings comprising 493 homes along with a range of amenities, including restaurants with outdoor dining terraces and shops, as well as a community theatre and separate retail underground parking. Sales of units will launch on November 9 for all nationalities. This comes close on the heels of Aldar's launch of The Arthouse, a free-hold residential community in Al Saadiyat Cultural District in July. Aldar’s first residential development in Saadiyat Cultural District, it comprises three buildings: spacious one-, two-, two-plus, and three-bedroom apartments, as…

Technology has played a vital role in enabling real estate brokers and agents to provide an exceptional buyer experience and facilitate the completion of crucial deals with both local and international investors in the UAE realty market.   By leveraging the enormous benefits of a cloud-based omni-channel contact center that features advanced communication tools and AI-powered chatbots, real estate agents can provide personalised and automated customer communication support, resulting in enhanced customer engagement and improved sales performance.   “CRM tools centralise customer data, enabling agents to track interactions, manage leads effectively, and tailor their approach to individual clients,” explains Sabah Corm, Marketing and Innovations Director of IT Max…

  Abu Dhabi’s property market continued its upward momentum in Q3 as well after outpacing previous quarters, particularly in the luxury segment.   Areas like Yas Island and Al Reem Island have emerged as hotspots, showing strong demand and impressive returns, according to dubizzle.   During the third quarter, a notable uptick has been observed in the prices and rents of luxury properties. Likewise, the affordable segment has sustained the trend with surges in sales and rental prices in certain areas, stated the key real estate platform for property seekers, tenants, and investors in the UAE.   As per the analysis of the latest trends, Q3 2024 has marked a period of growth and prosperity for Abu Dhabi’s real estate market.   Overall, the trends…

  Octa Properties, a premier development management firm in Dubai, has partnered with renowned fashion and lifestyle brand Elie Saab for the unveiling of La Mer by Elie Saab, a signature development located on Al Marjan Island in Ras Al Khaimah. The project is being developed by ARTE Developments, a prominent luxury property developer in the UAE. La Mer by Elie Saab features three beachfront towers, seamlessly connected through various levels with a dual lobby. The development will boast a total of 355 residences ranging from 874 sq ft to 14,484 sq ft units. These apartments will be categorised into ten different residence categories from one-bedroom units to chalets and villas, and nine exclusive penthouses spanning between 10,453 sq ft and 14,484 sq ft. The Residences, designed…

The Abu Dhabi Real Estate Centre (ADREC), the custodian and regulator of Abu Dhabi's real estate sector, has announced significant progress at the Real Estate Dispute Settlement Centre in the third quarter of 2024. The Centre achieved an 83% success rate in resolving disputes.   Of the 969 cases filed, 808 were successfully completed, with 26% of these disputes concluding in reconciliation. The latest report for the third quarter demonstrated the Centre's commitment to swift resolutions and fostering collaboration and trust within the real estate sector.   A key achievement this quarter was the reconciliation of 210 disputes, with the total reconciled value surpassing AED526 million. By promoting amicable settlements, the Centre is ensuring the financial stability of Abu…

Chapman Taylor, an international practice of architects, masterplanners and designers based in UK, said steady progress is being made on Saadiyat Beach District Residences - a premium waterfront community project designed by the group in Abu Dhabi - with the key development reaching the construction stage. A part of the larger Saadiyat Island Masterplan for Nael & Bin Harmel, the project will come up on Saadiyat Island in Abu Dhabi. Designed to provide a luxury beachfront lifestyle, the development includes a variety of residential options - luxury apartments, townhouses, and villas - all complemented by 14,000 sq m of community retail space, creating a hub for dining, shopping and leisure. Saadiyat Island, known for hosting some of Abu Dhabi's most ambitious developments, is set…

  Modon has launched Maysan, a high-end freehold residential development located on Reem Island. The first phase of the project features two districts: Mayar and Thoraya. Covering over 600,000 square metres, the design of the project is inspired by boutique-style inside/outside living. The first district, Mayar, consists of 132 stacked maisonettes, a new concept in Abu Dhabi, blending natural surroundings with modern living. These spaces are designed to create a vibrant community, providing diverse and memorable experiences. Inspired by contemporary gallery elegance, the maisonettes cater to a variety of needs, including large families, investors, and individuals seeking apartment living in a resort-style development. The four-storey maisonettes are located in a gated community…

Abu Dhabi developer Modon has launched the first phase of Maysan, a freehold residential project on Reem Island featuring two districts - Mayar and Thoraya. Covering over 600,000 sq m, the project design is inspired by boutique-style inside/outside living. The first district, Mayar, consists of 132 stacked maisonettes, a new concept in Abu Dhabi, blending natural surroundings with modern living. These spaces are designed to create a vibrant community, providing diverse and memorable experiences. Inspired by contemporary gallery elegance, the maisonettes cater to a variety of needs, including large families, investors, and individuals seeking apartment living in a resort-style development. The four-storey maisonettes are located in a gated community featuring a spacious spine park with…