Abu Dhabi Global Market (ADGM) and the Department of Municipalities and Transport (DMT) have signed a Memorandum of Understanding to facilitate the transfer of real estate services within ADGM's expanded jurisdiction. As ADGM expands its presence on Al Reem Island, the MoU establishes a strategic partnership between ADGM and DMT to transfer the real estate services and enhance the efficiency and quality of municipal services provided for residents and businesses within ADGM's jurisdiction. The agreement outlines the roles and responsibilities of both authorities, ensuring a seamless transfer of the real estate sector on Al Reem Island from DMT to ADGM, while fostering ongoing collaboration on urban planning, infrastructure, and all other essential services with DMT. Commenting on…

Bloom Holding today announced the launch of ‘Almeria’, the seventh phase of Bloom Living.   Named after the Spanish city, Almeria offers premium villas with lakeside views ranging from three to six bedrooms. It is scheduled to be completed in Q4 2027.   Bloom Holding has begun the early handover of the project’s first phase, Cordoba, ahead of its scheduled delivery date, a step that reflects the company’s ability to deliver beyond its promise and provide high-quality projects on time. CEO of Bloom Holding Carlos Wakim said, “With this new launch, Bloom Holding is further solidifying its position as a leader in developing destinations that prioritise community living. Our focus on quality and attention to detail underpins our commitment to…

The Sharjah Real Estate Registration Department (SRERD) has signed a memorandum of cooperation with the Municipal Council of Kalba and Al-Dhaid cities.   As part of the digital transformation strategy in Sharjah, the electronic services will allow inquiries about real estate data, with the aim of facilitating procedures for real estate clients in both cities.   The memorandum was signed by Abdul Aziz Ahmed Al Shamsi, Director-General of Sharjah Real Estate Registration Department; Dr. Obaid Al-Zaabi, Chairman of the Municipal Council of Kalba, and Dr. Mohammed bin Huwaiden Al-Ketbi, Chairman of Al Dhaid Municipal Council, in the presence of Abdul Aziz Rashid Al-Saleh, Director of Sharjah Real Estate Registration Department, in addition to a number of officials. This…

  Omar bin Omair Al Muhairi, Director-General of Ajman's Department of Lands and Real Estate Regulation, said that the total number of real estate transactions in the emirate reached 1,264 in August with a total value of over AED1.57 billion. The total trading volume amounted to AED950 million from 1,005 transactions. He pointed out that the "Helio 2" area recorded the highest sales value of AED38.7 million. Al Muhairi explained that real estate transactions in Ajman saw a growth of 4.6% compared to the same period in 2023, according to statistics from the real estate report issued by the department. He confirmed that Ajman's real estate sector is witnessing exceptional activity and continues to achieve positive rates, offering investment options and attracting more investors,…

    FAM Holding Group, the leading UAE-based real estate developer, has revealed the completion of the “Art Tower” project overlooking Al Nahda Street, opposite Sahara Mall on the border line between Sharjah and Dubai. The “Art Tower” consists of 18 residential floors, and includes 160 residential apartments with various designs and different spaces that suit all needs and requirements. The tower is distinguished by its location, and surrounded by many vital centers such as major shopping malls and daily service outlets, which adds to an integrated lifestyle. The units of the "Art Tower" project vary between Studios, one bedroom, two-Room apartments, all designed with spaces that provide the highest levels of comfort and luxury. "FAM Holding”…

The Sharjah Real Estate Registration Department has issued its report on real estate trading for August 2024. According to the report, real estate transactions across the emirate amounted to AED2.8 billion, with 3,055 transactions covering seven million square feet of land. The results confirm that Sharjah's real estate environment continues to grow with strong momentum, making it a safe and fruitful haven for capital owners and elite investors. These investors seek optimal real estate products that yield profitable returns in both the short and long term. In detail, the statistics show that a total of 3,055 transactions were carried out during the period. Sales transactions accounted for 1,054, representing 34.5 percent of the total, while mortgage transactions reached 342,…

 Burtville Developments, a leading UAE-based developer with over 20 years of global experience, has confirmed significant progress on the “Ville 11” project, which consists of 111 residential units, recently launched in Masdar City, Abu Dhabi. Burtville Developments announced that they have completed 21% of the construction on the “Ville 11” project, which was launched earlier this year, according to indicators from “Dari,” the platform of the Department of Municipalities and Transport in Abu Dhabi. Burtville Developments confirmed that the progress of construction reflects the company's commitment to implementing the project according to the specified timetable, in preparation for the completion and handover of units to buyers on schedule by the…

Bayut, a leading property portal in the UAE, has announced the launch of TruBroker, a first-of-its kind agent rewards and recognition programme designed to elevate the property search experience. In the UAE’s highly competitive property sector, finding reliable agents and accurate property listings can be challenging. Users seek transparency, accountability, and high-quality service to ensure a smooth and efficient property search process. Bayut’s new feature addresses these needs by introducing a merit-based system with performance badges and a competitive leaderboard, promoting excellence among agents in a competitive yet collaborative environment. Users benefit from a pool of highly motivated and reliable agents, while agents are empowered to showcase their expertise and…

AARK Developers, one of the leading real estate companies in the UAE, has announced the launch of its landmark AED4 billion ($1.08 billion) development - Sora Beach Residences - on Al Marjan Island in Ras Al Khaimah.   Set across a build-up area of 1.8 million sq ft, Sora Beach Residences is designed to provide an unparalleled lifestyle experience, complete with direct access to a private 1,000-foot beach, ensuring exclusivity and tranquility, said the Emirati developer. The architectural brilliance behind Sora Beach Residences is led by Nikken Sekkei, a globally renowned Japanese firm celebrated for its innovative designs. The residences within the project feature seamless integration with their natural surroundings, allowing for unobstructed views of the Arabian Gulf from every…

A new group of conciliators at the Abu Dhabi Real Estate Dispute Settlement Centre (TASWYA) has taken the legal oath before Counselor Yousef Saeed Alabri, Under-Secretary of the Abu Dhabi Judicial Department (ADJD), marking the start of their roles in facilitating amicable resolutions to real estate disputes.       The appointment of these five real estate conciliators follows a decision by His Highness Sheikh Mansour bin Zayed Al Nahyan, Vice President, Deputy Prime Minister, Chairman of the Presidential Court and Chairman of ADJD.   Counselor Alabri emphasised that one of the ADJD’s key priorities is to promote alternative dispute resolution methods, such as mediation and conciliation, in line with broader societal goals of fostering reconciliation and…

The Abu Dhabi Real Estate Centre (ADREC) – the custodian and regulator of Abu Dhabi's real estate sector – announced today the launch of the first residential Rental Index for Abu Dhabi.       Serving both tenants and landlords, the platform is designed to increase transparency, provide indicative rental values and support the stability of the capital's growing rental market. It offers easily accessible and reliable data on residential properties to help investors and residents understand the rental market and make informed decisions based on reliable data.   Indicative quarterly rental pricing is also available on the platform for properties located in areas across Abu Dhabi.     "The Rental Index will energise the rental market in Abu…

  The real estate market in Ajman continues its upward trend, recording 1468 real estate transactions in July with a total value of over AED2 billion, a growth of 42.85 percent year-on-year.       Omar bin Omair Al Muhairi, Director-General of Ajman's Department of Land and Real Estate Regulation, said that the Emirate of Ajman is witnessing a strong momentum and a remarkable increase in the number and volume of real estate transactions given the diversity of investment opportunities and the attractiveness of the business environment. He noted that the volume of transactions during July reached AED1.34 billion, with Al Rashidiya 1 recording the highest sales value of AED80 million.   He stated that the department recorded 280 mortgage transactions totalling…