DHG Properties, a leading real estate development company operating within DHG Holding, noted that price growth in Dubai’s residential market accelerated with a notable increase from 20.30% in February 2024 to 20.70% last March.     Property prices in the Emirate are expected to rise by 5% to 7% annually in 2024 and 2025, driven by surging demand that far outstrips available supply.   This positive momentum is evidenced by the significant activity in the off-plan market which dominated 65.84% of total market transactions, valued at AED 1.35 billion out of a total transaction value of AED 2.10 billion.   Meanwhile, the ready properties represent the remaining 34.16% amounting to AED 703.70 million.   Blagoje Antić, Founder and Chairman of DHG…

Refine, a pioneering real estate development and management company, is leading the charge when it comes to empowering investors and developers to enter the market with confidence. Founded on the game-changing, first-of-its-kind Development as a Service (Daas) concept, Refine offers investors the chance to harness generations of real-estate expertise and the power of Refine’s fully-fledged team and network, eliminating the need to build their own infrastructure.   Spearheaded by Thomas Wan, a second-generation entrepreneur and Managing Partner at Refine, the company is redefining how investors and developers enter the market, and has already achieved a management portfolio in excess of AED 7 billion, since it was established in 2021.   "Refine is committed to…

In the heart of Palm Jumeirah, the Marina Residences shine with elegance and distinction, comprising 6 glittering buildings spanning 15 floors each, with breathtaking views of the area's waterfront. Marina Residences combines luxury and convenience, making it an ideal place to live and invest in the heart of Dubai. Its proximity to The Palm Mall, the city's newest upscale mall, enhances its appeal among residents and investors alike. The residences feature a variety of residential units ranging from one-bedroom apartments to spacious five-bedroom apartments, with luxurious recreational facilities including sports centers, swimming pools, saunas and steam rooms to add a touch of relaxation to residents' lives. In addition, security, protection, and regular maintenance services ensure…

Eagles Developments has launched its inaugural project in Sheikh Zayed City, investing EGP 2bn. The project, named VIA, covers a 16,000 sqm area. Raafat Fangary, Chairperson of Eagles Developments, emphasized that this project marks the beginning of the company’s expansion plan across the republic. With a diverse real estate portfolio exceeding EGP 5bn, Eagles Developments is actively exploring investment opportunities in the real estate market. The project will unfold in two phases. The first phase, spanning 8,000 sqm, involves EGP 1bn in investments and includes 100 residential units (occupying 22% of the total area). Construction is set to be completed by December 2027. Sheikh Zayed City was strategically chosen due to high demand and client interest. Eagles Developments…

Dubai recorded the highest volume and value of transactions ever in the second quarter (Q2), with the total number hitting 43,522, an increase by 45% compared to Q2 2023. The value of transactions increased by 37%, totalling AED124.4 billion ($33.9 billion), according to Property Finder, Mena’s leading property portal. Market volume peaked, surpassing the previous high achieved in Q1 2024 by 17%, while transaction values exceeded the previous peak recorded in Q4 2023 by 2%. On the other hand, Abu Dhabi saw over 2,489 transactions with values reaching almost AED6.7 billion. In Abu Dhabi, existing properties have shown a YoY increase of approximately 41% in volume with around 1,166 transactions in Q2 2024. The value of these transactions increased by 42% YoY, touching AED3.8…

Zoya Developments, a prominent real estate developer from India, has announced its expansion into the UAE market with investment of over AED2 billion ($540 million) planned for the next 3 years. This landmark entry is marked by the unveiling of its first project in Dubai’s thriving Furjan area, with a projected handover in 2026. Zoya Developments’ inaugural projects in Dubai will be located in thriving localities like Furjan, Dubai Islands & JVT, promising new benchmarks in residential living. These soon-to-be revealed projects will feature spacious layouts, integrated outdoor spaces, and cutting-edge smart home technologies, all designed with a customer-centric approach. Modern spaces For 14 years, Zoya Developments has been at the forefront of crafting modern spaces…

Sunrise Capital, a Dubai-based developer, has announced the successful handover of all 132 units within Legacy By Sunrise - a premium project located in Al Barsha South - to its buyers.   Spanning over 91,000 sq ft area, the the residential property features a mix of 67 studios, 43 one- and 22 two-bedroom apartments. According to Sunrise Capital, the new property got sold out in record time thanks to its quality design and interiors. Each residence has been crafted with precision and artistic flair displaying a harmonious blend of luxury and functionality, stated the developer. The interiors are thoughtfully designed to maximise space and light, featuring high-end finishes, custom details, and fully equipped kitchens with premium appliances by Teka (Germany). The layouts are…

Palace Group, a leading luxury contractor and developer in the UAE, has unveiled its new address in Downtown Dubai, thus setting a new standard for premier living.   Perfectly positioned on Dubai Gardens Main Road and neighbouring Eden House, the key development introduces a lifestyle of elegance with 70 residential apartments that radiate style and reflect the vibrant pulse of Downtown Dubai. "The landmark residence boasts state-of-the-art amenities, including a cutting-edge fitness facility, a luxurious spa, a modern business centre, and an engaging kids' club for the little ones," said a company spokesman. "These features support a resplendent urban lifestyle, offering a comprehensive array of services to meet the diverse needs of its residents, making it the ultimate…

Hassana, the investment manager of the Saudi General Organization for Social Insurance (GOSI), has announced a strategic collaboration with Kinan International Real Estate Development Company for investment in an innovative mixed-use real estate project in the capital Riyadh.   Strategically located in the Al Rimal district of Northern Riyadh over a 2 million sq m area, the key project will incorporate residential, educational, healthcare, entertainment, retail, and office spaces alongside other contemporary amenities. This comprehensive, world-class community is designed to meet the evolving requirements of contemporary Saudi lifestyles, it stated. Hassana, which boasts over SAR1.2 trillion ($320 billion) of assets under management, has been making investments on behalf of all…

Dubai International Financial Centre (DIFC), a leading global financial hub in the region, has announced the ground breaking of DIFC Square, a landmark development and commercial project comprising three interconnected buildings.   Featuring offices and retail units, the new project will significantly boost DIFC's real estate offerings while meeting the growing demand for Grade A offices in the heart of Dubai’s financial district.   Developed on a 113,500 sq ft plot, with a total built-up area (BUA) of nearly 1 million sq ft, DIFC Square’s future tenants and talent will benefit from close proximity to the Centre’s most sought-after destinations, such as Gate Village for fine dining, lifestyle, arts and culture, and Gate Avenue’s extensive range of…

Omniyat, Dubai’s ultra-luxury real estate leader, has announced a new corporate structure, led by the newly formed Omniyat Group. Omniyat Group, founded as an umbrella to drive success across its branded companies, has set a total group portfolio target of AED100 billion ($22.7 billion) for the next five years. The announcement is a significant milestone for the Omniyat Group, reaffirming its commitment to reshaping the real estate landscape in Dubai and throughout the region. Omniyat will continue to accelerate its growth trajectory, committed to expanding its presence in the ultra-luxury real estate segment, with a total portfolio worth AED50 billion. Executive Chairman Mahdi Amjad founded it in 2005 to revolutionise the Dubai property market by creating unique living…

RAK Properties has launched the “NB Collection” of exclusive high-end villas on Mina Al Arab’s Hayat Island. The NB Collection is situated between Angel Bay’s pristine shoreline and the Nikki Beach Resort and Spa. The 11 villas in the NB Collection blend seamlessly into their beachfront surroundings, creating masterpieces of contemporary architectural flair that combine elegant design with functionality. Sameh Muhtadi, CEO, RAK Properties, said, “This new exclusive high-end villa community represents the height of refined design and offers a serene retreat where residents can fully immerse themselves in the coastal paradise and natural beauty of Ras Al Khaimah.”