DUBAI: Dubai South Properties has announced the sell-out of the final phase of South Bay, its unique development in the heart of Dubai South’s Residential District, in four hours after launching it onto the market. The new launch follows the sell-out of all previously launched units across different phases, reiterating the huge demand for properties in the area and the strategic approach by the company in launching its projects.   The new phase incorporated 160 units comprising three- and four-bedroom townhouses, as well as four- and five-bedroom semi-detached villas. Construction contracts for all phases have been awarded and work is progressing on site. Once complete, South Bay will feature over 800 spacious villas and townhouses, more than 200 luxurious waterfront…

Demand for off-plan homes in Dubai reached record highs in May, with the emirate witnessing a 41.6% month-on-month increase in new contract registrations, representing over 10,000 transactions and 69.4% of all residential sales, according to a new industry report.   Findings of the ‘ValuStrat Price Index - Dubai Residential Capital Values’ revealed that, last month, the emirate reported a 76.3% year-on-year increase in off-plan registrations for residential properties, with communities such as Jumeriah Village Circle and Meydan One driving up demand. The report also found Discovery Gardens and Dubai Hills Estate broke their individual records in May with the highest number of off-plan homes traded in one month. The volume of ready home transactions also grew 8.1%…

The UAE Cabinet, chaired by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, approved a new housing approval package for citizens valued at AED 1.682 billion. The package includes 2,160 decisions for beneficiaries of housing assistance in June 2024 under the Sheikh Zayed Housing Program.     The Cabinet also approved the launch of the "Manzili" bundle for beneficiaries of the Sheikh Zayed Housing Program. This bundle offers 18 housing services to citizens through collaboration with 24 federal and local government entities, simplifying the customer journey and the required documents by reducing the involved entities from 11 to 1 and the documents from 10 to 2. The procedures are reduced from 14 to 3 steps, and…

W Capital, the Dubai leading real estate brokerage, is organizing their special real estate exhibition in Al Ain, in cooperation with DHG Group (Swiss Real Estate Developer), to promote their projects. The two-days exhibition will kick off on Friday, June 7, 2024, at the Four Points Sheraton Hotel in Al Ain, from 10:00 am to 10:00 pm. “This exhibition is one of the important events that the company organizes periodically, and places it at the top of its local real estate agenda, as it has become a high-end platform for marketing important real estate projects, providing opportunities to reach diverse segments of real estate investors,” said Walid Al Zarooni, W Capital CEO. Al Zarooni stated that the real estate market continues strong performance, reaping the fruits of…

Muhammad Bin Ghatti,the CEO of BinGatti Developers said that the company plans to launch 12 new real estate projects in the second half of this year, an investment of more than AED10bn. BinGhatti said in  the latest statement to media on the sidelines of signing a strategic partnership with the Dubai Land Department DLD, to support the “Dubai Real Estate Broker Program”, that the company’s current projects are proceeding according to the schedule with high demand and good sales. He noted that sales of the “Mercedes Benz Places – Binghatti” project topped to about 90%, while sales of the “Jacob & Co Residences” project exceeded 50%. He pointed out that the real estate market in Dubai has become very attractive to investors and…

Vision Developments, an innovative Emirati enterprise, has unveiled its ambitious plans for local expansion and growth announcing two new projects.   The two upcoming properties bring the Vision ethos to life with community living in the heart of Dubai. First of the handovers will be as soon as Q4 2024 with two properties Karma and Platinum in Liwan. Vision Platinum promises ultimate elegance embodying luxury and state-of-the-art technology in 1, 2, and 4 bedrooms. Vision Karma offers 1 and 2-bedroom spaces with the value of amenities that are meticulously integrated to offer a life of ease and sophistication. Commitment to quality Backed by a commitment to quality, community, and innovation, Vision Developments has established itself in the market since 2021 with 3 projects…

Muhammad BinGhatti: “This strategic partnership (with DLD) is a significant milestone in our efforts to empower Emirati investors and agents. By fostering inclusivity between private and public sectors, we are not merely strengthening Emirati participation in the real estate market, but also ensuring Dubai’s thriving, dynamic, and sustainable future.” “Binghatti aspires to become a role model in empowering the youth, especially among the local Emirati population through this partnership.”“Offering special discounts and payment plans as well as special agent fees to support the Emirati agents & investors”.   the leading Dubai-based developer Binghatti entered a strategic partnership with the Government of Dubai’s Land…

Majid Al Futtaim, a key developer of communities, shopping malls, offices, and hotels in the region, has officially launched its newest development concept, Ghaf Woods, the first forest living community in the heart of Dubai.     Set to be released in eight phases between now and 2031, Ghaf Woods will cover 738,000 sq m of land off the Sheikh Mohamed bin Zayed Highway, near Global Village.   With more than 7,000 premium units set within a woodland, including one, two and three bedrooms, as well as penthouses, residents can expect perfect views of the forest ecosystem, said Majid Al Futtaim in a statement.   The concept which was initially introduced earlier this year at MIPIM 2024, an international real estate event held in Cannes, France, embraces a harmonious…

Dubai Land Department qualified 166 young Emirati citizens through the Dubai Real Estate Brokers Programme, which was launched earlier this year and is considered one of the most important programmes of the Dubai Social Agenda 33.     The recognition took place during a ceremony organised by the Dubai Land Department in collaboration with the New Economy Academy and held at Emirates Towers Boulevard, attended by Mohammad bin Abdullah Al Gergawi, Minister of Cabinet Affairs and Chairman of the Executive Office of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Mattar Al Tayer, Commissioner General for the Infrastructure, Urban Planning and Well-Being Pillar, and Marwan bin Ghalita, Acting Director General of Dubai Land Department, along with officials and representatives…

Peak Summit Development announces the second phase of its highly demanded The Orchard Place, a Luxury European inspired residential community in the heart of Jumeirah Village Circle, Dubai, following the complete sale of units in Tower A and B.     Demand for the units was driven by the well-appointed living spaces, attention to detail and contemporary finishings, as well as the prime location of the community.   The 20-storey Tower C will have 193 units including studios, one-, two-, three- and luxurious two-storey penthouses and townhouses with spacious terraces and private swimming pools, with units boasting a ceiling height of 3.5m.   Peak Summit Development said the project is set for handover in the fourth quarter of 2026.   "Following the success…

   Driven Properties has once again demonstrated its market dominance with a new record-breaking transaction, this time for the most expensive villa ever sold on Jumeira Bay Island. Part of the prestigious Sea Mirror project, an exclusive seafront community of architectural masterpieces designed by celebrated firm Jacobsen Arquitetura, the villa was sold by Driven Properties' star agents Lina Allaoa and Kianoush Darban for AED 175 million. Set on a 15,000 sq ft plot with a built-up area of 17,500 sq ft, it boasts five opulent bedrooms, a 25m lap pool in the basement, a state-of-the-art gym, a spa, sauna and steam room, a wine cellar, a cigar room, and a magnificent rooftop terrace. Sea Mirror is Dubai-based Lamar Development’s signature project, a striking example of…

Azizi Developments, a leading private developer in the UAE, has partnered with Swiss brand Forbo for the gym floors of Azizi’s Beach Oasis, Vista, Pearl, and Amber projects, located in Dubai Studio City and Al Furjan. Forbo’s premium vinyl flooring will be supplied and installed by UAE-based Trent Building Materials LLC. Forbo Flooring Systems, headquartered in Switzerland, is a major global manufacturer of high-level, sustainable flooring solutions. Its product range includes linoleum, luxury vinyl tiles (LVT), vinyl sheet flooring, textile flooring, entrance systems, and safety flooring, catering to commercial and residential markets. Known for the flagship Marmoleum brand, Forbo emphasizes sustainability with many products being Cradle to Cradle Certified (C2C) and made…