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…

Alef Group, a leading real estate development company in the emirate of Sharjah, has announced the upcoming handover of villas in the Arim neighborhood within Hayyan development by the end of 2026.   This significant milestone was revealed during the Acres Real Estate Exhibition Dubai 2024 held at the World Trade Center, where Alef Group showcased its commitment to delivering exceptional living spaces.   Commenting on this milestone, Issa Ataya, CEO of Alef Group, said: “The upcoming handover of villas in the Arim neighborhood represents a momentous achievement for Alef Group. We are dedicated to exceeding the expectations of our homeowners by providing them with unparalleled quality and comfort. This milestone underscores our commitment to delivering exceptional…

Alef Group, a leading real estate development company in the emirate of Sharjah, announced the successful launch of Nama 2, second building from the last cluster, Nama, in its exemplary locality, Al Mamsha Raseel Sharjah (Zone 3) at ACRES Real estate exhibition Dubai 2024.   The announcement follows the massive success of sales of Nama 1 and Nama 3 and great demand from the general public and investors.   The Nama cluster consists of 1,029 units spread across 6 buildings, with Nama 2 featuring 174 thoughtfully crafted 1 to 3-bedroom apartments. These residences offer expansive interiors with lofty ceilings, stylish floor tiles, and expansive windows that flood the space with natural light and offer breathtaking park vistas.   Issa Ataya, Alef Group CEO comments:…

SHARJAH: Value of real estate transactions in various regions and cities of Sharjah has reached AED1.7 billion during April 2024, with a total 1,632 transactions across 6.5 million square feet of total sales transaction area, according to the Real Estate Transactions Report issued by Sharjah Real Estate Registration Department     The report data reflect and prove the growing confidence in Sharjah real estate, the attractiveness of its investment environment, and the continuous development. The emirate has proven itself to be one of the most attractive global destinations for investors.   In detail, the statistical report shows that the total number of transactions during April reached 1,632, with 579 in sales transactions, representing 35.5% of the total number of…

The Luxe Developers, a UAE-based real estate development firm, has officially launched The Celeste and The Stellar, two ultra-luxury residences that form an integral part of the company’s Oceano development, located on Al Marjan Island.   The properties, valued at over AED90 million ($24.4 million) each, address the demand for ultra-luxurious properties in line with the increase in ultra-high-net-worth individuals (UHNWI) relocating to the emirate, stated the developer.   The Celeste and The Stellar, currently the most expensive residences in Ras Al Khaimah, offer a unique living experience, which is epitomised by the available space, eclipsing anything currently available on the real estate market in the emirate, it added.   The Celeste, spanning over 22,000 sq…