Walid Al Zarooni: Real estate insurance is a “trustworthy guardian” to protect real estate investments    A  W Capital assessment noted 10 benefits of real estate insurance in the UAE against the risks of fire, water, or natural disasters, such as the recent unprecedented rain storm.  “Property insurance, whether real estate or a car, has become a must after the recent severe weather conditions that caused damage to some homes and properties,” said Walid Al Zarooni W Capital brokerage CEO.  “The real estate insurance is the “trustworthy guardian” to protect real estate investments, as it provides the necessary layer of protection against a wide range of risks, such as natural damage or legal challenges, to ensure…

UAE - ARA Real Estate Development, a Core Holding subsidiary, has unveiled the Arabian Hills Estate, a master-planned, gated community in Abu Dhabi, at an exclusive event held in Madinat Jumeirah, Dubai. The company said it has assumed the full development and management responsibilities for the AED22 billion ($6 billion) project. DECA Properties will be the exclusive sales and marketing partner for this ambitious 244 million-sq-ft project in Abu Dhabi. This partnership marks a significant step towards realising the vision of Arabian Hills Estate and aligns with the capital city’s 2030 vision for sustainable development and community-centric living, said a statement. Arabian Hills offers open, freehold ownership, appealing to a diverse clientele seeking a modern lifestyle. The…

UAE - Private developer Amwaj Development has entered the Dubai real estate market with the launch of its first project to cash in on the rising demand for the property market. The Starlight Park is a four-building freehold community in Meydan, offering 172 apartments including 1, 2 and 3-bedroom units. The completion date for Starlight Park is set for the second quarter of 2026. The developer plans to launch a few more developments which will see over 1.5 million square feet this year. “Dubai’s real estate market has been growing rapidly over the last 3 years and we felt it is time for us to establish a strong base in this market which is expected to continue its growth trajectory for many years to come. Starlight Park is the first of several new projects that we plan to…

UAE - Emirati developer Binghatti has announced plans to launch a new mega development in Dubai, comprising a total of 1,666 residential units and 21 retail spaces adjacent to Dubai Hills. The landmark project, Binghatti Hills, is set to become the most expansive development within the community. The unveiling, on April 29, will be followed by a four-day sales event in Four Seasons Jumeirah, Dubai. The project will draw inspiration from the natural contours of terrains. Binghatti Hills seeks to capture the serene ambiance of a rolling hillside and translate it into an architectural masterpiece that embodies the spirit of tranquility amidst the bustle of city living, said the developer. “Binghatti Hills will feature private pools and lush sky gardens interwoven into the fabric of…

Portugal eyes more global investment in its real estate sector through its golden visa scheme as the property sector in the country recorded huge growth in the last few years, said Marcos Drummond, Sales Director at Valuable Investment Capital (VIC).Speaking during a networking event in Dubai, he added that the purpose of this event is to showcase Portugal’s real estate landscape to UAE-based investors and highlight the country’s potential investment avenues. He praised Dubai’s dynamic nature, its quick vaccination drive and safety protocols, which helped the city to go back to the normal and resume business activities.Marcos explained that the Portugal Golden Residence Permit Programme is a five-year residence-by-investment programme for non-EU nationals. The…

ARA Real Estate Development, a Core Holding subsidiary, proudly assumed the full development and management responsibilities for the Arabian Hills Estate during an exclusive event recently held in Madinat Jumeirah last night. DECA Properties will be the exclusive sales and marketing partner for this ambitious 244 million-square-foot project in Abu Dhabi. This partnership marks a significant step towards realizing the vision of Arabian Hills Estate and aligns with the capital city’s 2030 vision for sustainable development and community-centric living. Arabian Hills Estate is a master-planned, gated community that embraces innovation and sustainable living. It offers open, freehold ownership, appealing to a diverse clientele seeking a modern lifestyle. The project incorporates…

Dubai real estate market is playing a very important role in the emirate’s economic growth. The fundamentals of the property sector are very strong and it is gaining acceleration after the successful conclusion of the Expo 2020 Dubai, said Firas Al Msaddi, Founder & CEO of fäm Properties at the launch of his first book ‘The Art of Real Estate Investment – From Entry to Exit’. Adding another facet to his dynamic personality, the real estate tycoon, deep dives into Dubai’s real estate investment portfolio to lay out the nuances and help readers make the right decisions through knowledge and negotiations. The book provides a complete roadmap to investors about the right decisions of entry and exit to the market and outlines various tips and methods to…

Private developer Amwaj Development has entered the Dubai real estate market with the launch of its first project to cash in on the rising demand for the property market.   The Starlight Park is a four-building freehold community in Meydan, offering 172 apartments including 1, 2 and 3-bedroom units.     The completion date for Starlight Park is set for the second quarter of 2026.   The developer plans to launch a few more developments which will see over 1.5 million square feet this year.     “Dubai’s real estate market has been growing rapidly over the last 3 years and we felt it is time for us to establish a strong base in this market which is expected to continue its growth trajectory for many years to come. Starlight Park is the…

Equitativa (Dubai) Limited, manager of Emirates REIT (CEIC) PLC, has reported FY 2023 financial results for Emirates REIT. The REIT experienced strong growth, with record property income.   Commenting on Emirates REIT’s 2023 performance, Thierry Delvaux, Chief Executive Officer of Equitativa, said: “The past year represents a major milestone for Emirates REIT, with record revenues and positive operating profits built on a strategy based on asset performance optimization. With a well-managed diversified portfolio of premium commercial, retail and educational assets in Dubai, Emirates REIT is well positioned to build on our strong foundations for growth.     We signed a significant number of leases at lower rates during the COVID crisis, which are now coming…

In Dubai in the first quarter of 2024, developers from both domestic and foreign companies are launching projects at a rapid pace—on average, more than one launch per day. Based on preliminary data from Cavendish Maxwell’s Property Monitor, almost thirty new off-plan projects were launched in March 2024, with 10,000 units coming up for sale over the month. “These projects now bring the total number of launches in first-quarter of 2024 to an unprecedented 34,000 units spread over 120 projects — an average of a new launch every 18 hours,” said Zhann Jochinke, director of marketing and research at Cavendish Maxwell. “This phenomenal level of activity in the off-plan market shows no signs of abating anytime soon, and will likely continue for the…

In the Dubai Hills district, developer Binghatti, based in Dubai, is starting a brand-new, massive real estate project. The development known as Binghatti Hills is expected to be the biggest undertaking in Dubai Hills, encompassing 1,666 residential units spread over an extensive land area along with 21 retail spaces. The Four Seasons Jumeirah in Dubai will host a four-day sales event after the project’s unveiling ceremony on April 29. First glimpses of Binghatti’s ambitious plans to create a historic development for the Dubai Hills community will be given at the ceremony. According to a statement from the developer, Binghatti Hills takes its architectural cues from rolling hills and seeks to emulate the peace of hillsides. It will have private pools and verdant sky gardens…

Residents of Dubai who were impacted by the storm can now use WhatsApp to get in touch with the authorities for assistance with property damage from the rain. This is in response to Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum’s directive to the relevant authorities to prepare for severe weather. By these directives, the Mohammed bin Rashid Housing Establishment’s Executive Director, Omar Hamad Bushahab, formed a committee to review all requests from impacted residents and decide how to proceed, “giving priority to maintaining all their damaged homes and restoring them.” On the WhatsApp app, a number (0583009000) has been set aside to take support requests from impacted citizens. He continued by saying that all requests for assistance from residents…