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…

UAE - POB1 Properties, a newly established real estate development unit of Saif Al Ghurair Real Estate Group (SAGRE), has unveiled its inaugural project, Serenova, a community-driven residential development being set up in Dubai Silicon Oasis at an investment of $56 million. Set for completion in Q2 2027, Serenova, spans across an expansive 7,850 sqm plot, offering flexible living spaces that blend modern comfort with serene living to meet the evolving needs and preferences of families and young professionals, said the developer in a statement. It will feature 222 apartments - ranging from spacious studios to one-, two-, and three-bedroom units as well as premium two-bedroom apartments and exclusive four-bedroom penthouses. Its architectural design prioritises open spaces,…

Sharjah developer Arada has announced the launch of W Residences at Dubai Harbour, a three-tower luxury seafront development with a world-class array of amenities located in the heart of one of Dubai’s most popular and in-demand districts. Set for completion in 2027 and with LEED Silver-certified design, the project features over 400 branded apartments within the AED5 billion ($1.36 billion) complex offering owners the chance to experience a positive, fulfilling and active lifestyle. According to Arada, the design of the 40-storey complex is inspired by its surroundings, connecting the promenade, harbour, and sky to reflect the unique seafront and urban landscape. Striking diagonal lines allow the three towers of the complex to seemingly merge at points where water and sky…

Domaine Properties, a leading investment advisor and service provider offering end-to-end real estate solutions, is set to launch two open house events in Dubai. The first open house will take place on October 27 at Damac, followed by the other on November 3 at Dugasta, said the company in a statement. Domaine Properties regularly conducts open house events, but these two stand out as key opportunities for potential buyers, investors, and real estate enthusiasts to explore some of Dubai's most sought-after properties, it stated. Attendees will have the unique chance to tour luxury apartments, experience state-of-the-art amenities and engage with the Domaine Properties team to gain valuable insights into Dubai's dynamic real estate market. "Domaine Properties is committed to offering…

UAE-based Lincoln Star Real Estate Development has announced that it has broken ground on its new luxury residential project in Dubai South with targeted hand over in Q4 2025. The development features a total of 48 residential units including townhouses, studio, one- and two-bedroom units along with a range of luxurious amenities including a gym, swimming pools, landscaped gardens and event areas. "Lincoln Star Residence is a testament to our belief in the potential of Dubai's real estate market. We are confident that this project will set a new standard of luxury comfortable living as well as offer a compelling investment opportunity," said Ovais Latif, the CEO and Founding Partner, at the groundbreaking ceremony. The luxurious residential development will focus on sustainability and…

UAE-based Kasco Developments has announced the launch of its debut project Onda in the heart of Business Bay, Dubai with a core focus on well-being. The company has a planned pipeline for the development and sale of 1 million square feet of residential projects by 2025.   The new and exclusive 23-floor freehold community building offers 348 residences including 85 studios starting at 449 sq ft; 190 one-bedroom at 848 sq.ft, 69 two bedrooms at 1246 sq ft & 4 exclusive three bedrooms at a starting size of 3025 sq ft featuring spacious living with stylish and elegant interiors, said the developer.   Prioritising wellness, the residents will be treated with indoor and outdoor community spaces, wellness hubs, state-of-the-art architecture, cutting-edge smart-home technology…

Mered, a leading international real estate developer, has announced the appointment of Michael Belton as its new Chief Executive Officer (CEO). In his new role, Michael will focus on expanding the company’s portfolio in the UAE, including the development of the ICONIC Tower and Large-scale Abu Dhabi project on Al Reem Island. He is also tasked with growing the Mered team to support future growth across the UAE and GCC region, enhancing investor relations, increasing the company’s market visibility, and driving innovative projects that set new standards in the real estate sector. Prior to this, Belton served as the Head of Development for the Qiddiya Performing Arts Center in Saudi Arabia, a key part of the Kingdom’s Vision 2030 initiative.   In this role, he…

Dubai Holding Asset Management (DHAM) announced today that its residential leasing portfolio, formerly known as Dubai Asset Management, has been rebranded as Dubai Residential. This rebranding follows the integration of Nakheel and Meydan into Dubai Holding, resulting in the significant expansion of Dubai Residential’s portfolio. The new identity marks a key milestone in the company’s journey of shaping the city’s residential leasing landscape, spanning over two decades. The move reaffirms the group’s commitment to enhancing the quality of life for Dubai’s residents and supporting the emirate’s continued development. Unified under the Dubai Residential brand, the portfolio spans 40,000 homes, serving over 150,000 residents. From premium waterfront…

Equitativa, the largest real estate investment trust manager in GCC, has announced that one of its units, Emirates REIT, has completed the sale of Office Park - its Grade A commercial asset in Dubai Internet City - to Tecom Investment, a wholly-owned subsidiary of Tecom Group. The agreed sale price of AED720 million ($196 million) represents a substantial premium over the property's Fair Valuation as of June 30, 2024. Equitativa said the net sale proceeds will be used to reduce Emirates REIT’s banking facilities and partially redeem the secured sukuk certificates issued in December 2022, in line with the terms and conditions. The completion of the Office Park sale capitalises on favourable market conditions, allowing Emirates REIT to realise significant gains and reduce its FTV…

UAE-based real estate developer Ajmal Makan has announced that 85% work has been completed on its flagship projects - Blue Pearls and Blue Waves - located within the expansive Ajmal Makan City – Sharjah Waterfront project. Giving a project update, Ajmal Makan stated that all residential units in ‘Blue Waves’ and the majority of units in ‘Blue Pearls’ have been sold out. With the work in its final stages, both projects are likely to be completed by the first quarter of 2025 as opposed to the original schedule, which aimed for project handover by the fourth quarter of next year. The Ajmal Makan – Sharjah Waterfront stands apart for its prime location, with seamless access to prominent tourist attractions and essential amenities within the…

Dubai is facing a shortage of villas and townhouses due to an influx of high-net-worth individuals in the post-pandemic period and the fact that many expatriates are now looking to settle down on a long-term basis. Industry executives suggest that foreign residents who plan to make the UAE their home on a long-term basis prefer bigger villas, townhouses and amenities that can cater to the entire family.   Meanwhile, property developers also focus on apartments due to astronomical costs linked to villa community developments and higher profit margins offered by high-rise apartment towers. Meanwhile, property developers also focus on apartments due to astronomical costs linked to villa community developments and higher profit margins offered by high-rise apartment towers. As…

Dubai Investments has announced that significant progress has been made on Violet Tower, its latest residential development in Jumeirah Village Circle (JVC). Strategically located in the heart of JVC, this AED300 million ($82 million) development is designed to cater to the rising demand for thoughtfully planned urban living spaces. It will feature 27 residential floors, comprising 287 units that range from studios to two-bedroom apartments, all designed to maximise space efficiency and modern living standards.   Giving a project update, Dubai Investments said its foundation phase is nearing completion, with 99.3% of the piling work already finished, marking a major milestone in the construction timeline.   Enabling works are expected to be concluded by the year-end and…