Nabni Developments, a leading developer in Dubai, has announced the launch of its latest residential project within Al Furjan community - Avenue Residence 7 by Nabni - featuring 166 luxury apartments with a mix of one- to three-bedroom units as well as key Emirati-inspired amenities and a serene outdoor Ghaf garden. Conveniently located within walking distance of the Discovery Gardens metro station in the vibrant Al Furjan community, Avenue Residence 7 is the first Emirati-inspired off-plan project from Nabni in Dubai and has easy access to the major highways. It comes following the successful sale of Avenue Residence 1-6, said the developer in a statement. The luxurious 12-storey apartment building represents a new chapter in Nabni's success story. Featuring an Emirati-inspired facade…

Dubai, the Gulf region’s commercial hub, recorded a busy period in 2024 with the value of real estate deals surging far above $100 billion. Official data published by Alkhaleej newspaper on Friday showed sales of houses accounted for more than half the total real estate turnover in the first 10 months. The figures by Dubai’s Land Department showed overall real estate transactions totalled around 432 billion UAE dirhams ($118 billion) in the first 10 months. Deals involving the sale of apartments, villas and hotel apartments stood at nearly AED277 billion ($75.5 billion), according to the report. Apartment sales accounted for the bulk of those deals, standing at about AED222 billion ($60.5 billion) while villa sales stood at AED48.3 billion ($13.1 billion) and those of…

Driven Properties has forecast a significant surge in property values in Dubai’s Canal Front district within the next 12 months, anticipating prices to escalate by over 40%. Current averages of AED2,700 ($735.1) per square foot are expected to rise to over AED3,800 per square foot as property handovers commence and the community continues to flourish, said Driven announcing the completion of an AED259 million acquisition of two prime buildings in the Canal Front district along the Jumeirah Water Canal. This strategic investment solidifies the company's standing as the largest property owner in the district, positioning it to capitalise on the area's rapid growth potential. Total investment rises to AED9 billion This latest acquisition brings Driven Properties' total investment…

Master real estate developer Expo City Dubai has appointed Ginco General Contracting as the main construction contractor for its gated housing community Expo Valley, marking a major milestone in the city’s vision to create an exceptional residential experience defined by sustainability and world-class design. With most villas and townhouses already sold, the appointment of the contractor is an important next step as Expo Valley prepares to welcome its first residents in 2026. Based in Dubai since 1975, Ginco has successfully delivered residential projects for major developers across the UAE and will lead the construction of 484 units at Expo Valley, one of five districts in Expo City’s new masterplan. Ahmed Al Khatib, Chief Development and Delivery Officer, Expo City Dubai,…

RAK Properties, Ras Al Khaimah’s leading publicly listed property developer, has announced the release of the final phase of Quattro Del Mar, its iconic waterfront development in Mina Al Arab. This follows the successful launch of the project during 2024 and subsequent to rapid sell-out of released units. RAK Properties’ flagship waterfront community, Quattro Del Mar is a key addition to the destination’s holistic vision for urban island living. The development’s appeal lies in its diverse range of residences - from studios and one-bedroom apartments to spacious Sky Duplexes and Garden Townhouses - offering an exceptional island living experience. Residents will also enjoy a unique blend of premium amenities and easy access to the exclusive Nikki Beach Resort…

The launch of Binghatti Skyrise has set a new benchmark in Dubai's real estate market, with 50% of its units sold out within the first 24 hours. This remarkable demand highlights the appeal of this one-of-a-kind development. The exclusive unveiling event, held at The Meydan Hotel’s Sky Bubble on October 30th, drew over 5,000 guests, including prominent investors and high-net-worth individuals from the region. Binghatti revealed the project location with a stunning light display that illuminated the Dubai skyline, symbolically marking the project’s place in the city’s future. “Binghatti Skyrise is more than just another development; it’s a statement in Dubai’s evolving luxury landscape,” said Muhammad BinGhatti, Chairman of Binghatti. “The…

In a new step to strengthen its position in Dubai's luxury real estate market, Binghatti Developers has now launched 'Binghatti Skyrise', the newest icon in the heart of  Business Bay area of Dubai, perfectly located to meet the increasing demand for luxury residential units near Burj Khalifa and the Dubai Water Canal. This launch comes as part of Binghatti's vision to double its project portfolio to over AED 100 billion in the next 18 months. The project is an architectural masterpiece featuring 3,333 residential units designed in a contemporary style. Binghatti Skyrise design concept draws inspiration from the seamless fusion of diverse elements, resulting in a cohesive façade that captivates the senses. Strategically situated in Dubai’s Business Bay district, this…

UAE - Qube Development, a leading international real estate developer with 30 years of experience, has announced the launch of off-plan sales for Arisha Terraces, a new residential development located in Dubai Studio City.   The third project in Qube’s expanding AED2.6 billion ($708 million) property portfolio, Arisha Terraces features 419 modern units, spanning across four low-rise buildings, 122 different apartment layouts, and a range of studios, one- and two-bedroom apartments.   Inspired by the Arabic word for “pergolas,” Arisha Terraces draws inspiration from its natural surroundings, incorporating eco-friendly practices, said the developer in a statement. This includes solar panels on the roof to reduce energy consumption, costs, and decrease…

AJMAN: The Department of Lands and Real Estate Regulation in Ajman announced that 511 real estate valuation transactions were recorded during the third quarter of this year, with a total value exceeding AED3.35 billion. Engineer Omar Al Muhairi, Director General of the Department, explained that the valuation transactions for real estate project units reached 179 transactions, totalling AED 113 million. Additionally, the department recorded 449 real estate valuation transactions related to golden visas for investors, amounting to AED1.21 billion. Al Muhairi added that the number of commercial property valuation transactions reached 97, with a total value exceeding AED2.56 billion, surpassing residential properties, which amounted to AED453.6 million. Industrial properties ranked third,…

UAE-based Amwaj Development has unveiled its latest project in Dubai - The Cube Residences - located in District 11 within the Mohammed bin Rashid City. This is its second project after the successful launch of Starlight Park. The project offers a total of 54 uniquely designed apartments with a mix of one- and two-bedroom units that range from 708 sq ft to 1,695 sq ft, providing spacious living spaces tailored to meet diverse needs of Dubai market. Spanning a total land area of 15,070 sq ft, it features a creative designed structure comprising abasement, ground floor, five residential floors and a rooftop area that includes the pool. The project is likely to be completed in Q4 2026. The new development is strategically positioned just 15 minutes from Downtown Dubai and Dubai Mall, and…

The Dubai Real Estate Sector Strategy 2033 outlines a focused roadmap to elevate the sector’s economic impact on the emirate by significantly increasing transaction volumes and reinforcing its appeal as a premier destination for international investors. Demonstrating its robust strength and resilience, Dubai’s real estate market recorded over 163,000 transactions, amounting to more than AED544 billion in the first nine months of 2024. Real estate investments also saw substantial growth, crossing AED376 billion during this period, driven by advanced infrastructure and a strong regulatory framework. While the sector continues to achieve record growth, property speculation remains within desirable limits, not exceeding 20 percent, reflecting stability and sustainability in…

Ellington Properties, a leading design-led real estate developer based in Dubai, has announced the appointment of Dutco Construction as the lead contractor for One River Point, a premier waterfront residential development in the heart of Business Bay. As part of the in-house synergy between Dutco Ellington and Dutco Construction, this appointment highlights the efficiency and quality ensured by having both the developer and contractor under one umbrella. The project is expected to be completed by Q2 2027. On the contract win, Nelson Gibb, Group CEO of Dutco, said: "We are excited to take on the construction of One River Point, a landmark development that exemplifies the strength of our collaboration with Ellington Properties. This project is a testament to the synergy between our…