Reportage Group, the leading UAE real estate developer, confirmed their commitment to developing sustainable real estate projects with the latest innovations, services and smart technologies, as part of their focus on adopting more sustainable environmental practices In line with the UAE's efforts to achieve climate neutrality and enhance the role of the real estate sector in reducing carbon emissions. In Masdar City in Abu Dhabi, one of the most sustainable urban complexes in the world, Reportage is developing 7 pioneering projects that provide around 2,900 housing units. Four projects have been completed and delivered, namely “Oasis Residence 1” which provides 612 apartments, “Oasis Residence 2” which includes around 304 housing units, in addition to “The…

UAE-based Major Developers has launched the Phase II of its flagship project, Manta Bay, located on the iconic Al Marjan Island in Ras Al Khaimah following the success of its first phase. Announcing the new launch, the developer said this has been in response to heightened demand, with strong investor interest and expressions of interest (EOIs) already translating into multiple initial bookings. Units are selling fast, reflecting the unparalleled appeal of this unique luxury development, it stated. Designed to cater to the preferences of a global investor base spanning over 25 nationalities, Phase Two offers innovative luxury living solutions. The buyers can also choose fully furnished units to enhance investment potential. Additionally, these units feature private jacuzzis and…

AJMAN: The Department of Land and Real Estate Regulation in Ajman recorded 1,853 real estate valuation transactions in 2024, with a total value exceeding AED8.38 billion, according to annual data from the Ajman Real Estate Index. Omar bin Omair Al Muhairi, Director-General of the Department of Land and Real Estate Regulation in Ajman, stated in a press release to the Emirates News Agency (WAM) that valuation transactions for real estate development project units amounted to 594 transactions, with a total value of AED361.8 million. He also noted that 1,512 valuation transactions were processed for investors applying for golden residency, totalling AED3.82 billion. Al Muhairi highlighted that the annual statistics reflect the growing demand in Ajman’s real estate market and…

SHARJAH - Sharjah Investment and Development Authority (Shurooq) announced that it achieved 70 percent sales for its residential project "Ajwan Khorfakkan" during its participation in the Sharjah Real Estate Exhibition "Acres 2025", held at Expo Centre Sharjah.  The sales were driven by the two new residential towers, "Mawj" and "Ghadeer". Ahmed Obaid Al Qaseer, CEO of Shurooq, highlighted the significant turnout at the "Mawj" and "Ghadeer" towers during the event. This response reflects the growing confidence in the Khorfakkan real estate market and aligns with Sharjah's vision for sustainable development.   The "Ajwan" project spans 65,269 square metres and features six residential buildings with 185 luxury apartments. These apartments offer views of either the Arabian…

SHARJAH: The Sharjah real estate has succeeded in achieving exceptional and unprecedented growth during 2024, with transactions volume amounting to AED 40 billion, and a growth rate of 48 percent compared to 2023. Abdulaziz Ahmed Al Shamsi, Director-General of the Sharjah Real Estate Registration Department, said that this is the highest trading volume achieved by Sharjah’s real estate since 2008, reflecting the increasing number of investors of various nationalities and their demand to purchase different types of real estate, benefiting from the emirate’s attractive investment environment and stable economic climate. “The sector has also succeeded in attracting investors from 120 nationalities from different parts of the world,” he added. With regards to the…

Ajmal Makan Real Estate Development has announced the launch of two major projects - The View Island and Blue Beach Residence - at the Sharjah Real Estate Exhibition – Acres 2025 which runs until January 25. The View Island features 266 residential units, including villas and townhouses, designed to offer accessible luxury living. Key features include green parks, children’s play areas, and a running track. The development is aimed at promoting active and family-oriented living, while integrating sustainability-focused elements. It aligns with Sharjah’s efforts to balance urban development with environmental sustainability. With extensive green spaces and recreational facilities, the project seeks to appeal to both residents and visitors, enhancing Sharjah’s…

Real estate transactions in Ajman totalled AED2.28 billion in December 2024, marking a record growth of 102 percent compared to the same period in 2023, according to the Real Estate Report issued by the Department of Land and Real Estate Regulation. Omar bin Omair Al Muhairi, Directo-General of the Department, stated that the number of real estate transactions in December 2024 reached 1,169, including 935 property trades valued at over AED1.86 billion. He noted that Al Jurf 1 recorded the highest property sale at AED300 million. Al Muhairi highlighted that Ajman’s real estate market is experiencing unprecedented growth, achieving record figures that reflect the sector's quality, the diversity of investment opportunities, and its appeal to investors across various segments. The…

Modon, a master developer known for vibrant and sustainable communities, has announced that it has entered into a deal with Emsteel Group, the UAE’s leading steel and building materials manufacturer, to source its pioneering low-carbon steel for a key project of Emirati energy major Masdar in the UAE capital. With this, Modon said it has become the first real estate developer to use low-carbon steel in UAE. This collaboration underscores Emsteel and Modon’s vital role in driving the construction industry’s transition toward sustainability and decarbonization, it stated. Aligned with the UAE’s Net-Zero 2050 Strategy, the partnership aims to facilitate decarbonization across the construction value chain in the UAE and the wider region by introducing green steel…

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…