UAE-based Mira Developments has joined hands with Italian luxury majors Trussardi and Luxury Living Group for the launch of the Phase II of its prime development Trussardi Residences in Dubai. Twice the size but infused with the same Milanese spirit, this phase brings two stunning towers and an expanded two-floor podium to the vibrant Al Furjan district, just a short stroll from the Discovery Gardens metro station, said a statement from Mira Developments. Exclusively adorned with the finest creations from the Trussardi Casa collection, Trussardi Residences Phase II introduces one- and two-bedroom apartments along with studios – a first for the development. Designed as turn-key properties, every residence is fully furnished, equipped with all household appliances and ready to…

Elemental, a new real estate venture in UAE, has announced the launch of its debut project, Elemental 22, in Dubai. Set in a low-rise, low-density neighbourhood, the key residential project offers an all-in-one living experience in Jumeirah Garden City. The building seamlessly integrates greenery, open spaces, and a sense of warmth that makes it feel like home. Founded by Hazza Zaal, the CEO of Al Barari, Elemental aims to create thoughtfully designed communities where nature, well-being, and everyday convenience come together seamlessly. Rooted in the belief that homes should be more than just spaces to live, Elemental's residential concept is designed around nature, wellness, and connection. "We are excited to introduce Elemental, an innovative development company that embodies our…

UAE - Palma Development, one of the most prestigious developers in the UAE real estate industry, has announced the launch of Serenia District, an AED5 billion (($1.36 billion) upscale residential community in the heart of Jumeirah Islands.  Spanning 600,000 sq ft with a built-up area of 3.5 million sq. ft., the development is set to redefine luxury living, making it one of Dubai’s most extraordinary residential projects, said the Emirati developer. Serenia District features six integrated towers, centred around six unique lifestyle zones of the community: the Serenia Signature Clubhouse, Health and Social zone, Sports and Recreation spaces, Family Oasis, Nature Discovery zone, and a Wellness Retreat, which together, will offer a unique lifestyle for residents. Designed by…

Richmind, a premium developer specialising in ultra-niche real estate products, is set to enter the UAE property scene with an ambitious plan to bring over 1,000 units to the market this year. A flagship business vertical of Richmind Holding, it has assets and interests in the United Kingdom, Portugal, Spain, and other European Nations. Its first project will soon come up at the Al Marjan Island in Ras Al Khaimah in collaboration with the renowned Zaha Hadid Architects, said the company in a statement. Redefining waterfront living, the mixed residential property will offer a combination of apartments, villas, duplexes and premium penthouses. It will also be home to globally renowned beach club and spa brands, as well as the latest location for a celebrated and established culinary…

DUBAI: As part of its ongoing efforts to enhance governance and sustainability in the management of jointly owned properties, the Real Estate Regulatory Agency (RERA) at Dubai Land Department (DLD) has announced the formation and registration of 127 new owners’ committees across the emirate. This initiative underscores RERA’s commitment to empowering property owners and fostering active participation in community management, aligning with Dubai’s ambitious vision to lead the global real estate sector. RERA has received a significant number of applications for owners’ committees, with approvals granted based on the specified terms and criteria for both existing and new committees. This strong interest reflects the growing enthusiasm among property owners to take an…

MGS Development, a renowned real estate company, has announced the launch of a new phase of the Edgewater Residences, an exclusive waterfront development located in the serene Dubai Islands. Nestled within the iconic Dubai Islands, the development offers residents access to 40km of new coastline, 21km of sandy beaches, nine exclusive marinas, 80 world-class hotels, a championship golf course and ultra-luxury villas. MGS Development has partnered with Ayenk, a Miami-based architectural firm known for its expertise in luxury waterfront design. Together, they have created a masterpiece that perfectly balances elegance and functionality. For this project, Metropolitan Premium Properties, the flagship property company of the Metropolitan Group, is the exclusive sales and marketing…

Dubai real estate prices fell by 0.57% in January 2025 – the first decline since summer 2022 – signalling a market shift towards stabilisation, according to leading real estate intelligence authority Property Monitor. While the first month of 2025 was the strongest January on record for transactions with 14,413 sales, average prices dropped to AED1,484 per sq ft. Sales volumes were down 4.6% compared to December 2024, stated Property Monitor in its monthly market report. Off plan launches continued to soar in January, with 53 launches from 37 developers bringing another 12,400 units to the market. Mortgage transactions also rose 6.8% month on month, with 4,134 loans secured. Loan to value (LTV) ratios also held steady despite stricter enforcement of UAE Central Bank…

Soho, a lifestyle brand specialising in creating hospitality-inspired living spaces, has appointed New System Engineering (NSE) as the main contractor for The Berkeley, its premium residential project in Dubai Hills Estate. The appointment marks a significant milestone in the development’s timeline, moving the highly anticipated project closer to groundbreaking in the coming weeks, said the developer in a statement. With 90% of units already sold, The Berkeley has seen overwhelming demand, reinforcing SOHO’s reputation for delivering high-quality, hospitality-inspired residences, it added. Soho CEO Sahil Khosla said: "Appointing NSE as our main contractor is a significant step forward as we bring The Berkeley to life. Their proven track record in delivering high-end…

UAE-based Damac Properties is showcasing some of its prime luxury waterfront projects - such as the Couture by Cavalli, Damac Bay and Damac Bay 2 - at the ongoing Dubai International Boat Show, a premier yachting and luxury lifestyle event, being held at Dubai Harbour. A leading luxury real estate developer based in UAE, Damac said these developments set an elevated benchmark for seafront living in Dubai’s most sought-after maritime destinations thanks to their prime locations. These projects not only offer homes but also high-end experiential-seaside living to its residents, it added. Designed for a discerning clientele who appreciate architectural excellence and the allure of waterfront living, these projects reflect Damac’s vision of integrating luxury real estate with…

Dubai’s reputation as a magnet for luxury living and exclusivity continues to soar as international football star Aymeric Laporte becomes the latest global icon to acquire a luxury penthouse in the iconic Bugatti Residences by Binghatti. Laporte is the third international celebrity to own a penthouse in Bugatti Residences by Binghatti, following legendary global opera singer Andrea Bocelli and the world famous football star Neymar Jr..   Laporte, a professional footballer who plays as a centre-back for Saudi Pro League club Al-Nassr and the Spain national team, is celebrated for his exceptional defensive skills, leadership, and composure on the field.   Bugatti Residences by Binghatti, the world’s first and only Bugatti-branded residential development, hosts some…

Amwaj Development, a key real estate developer in the UAE, has announced an official collaboration with Octa Properties for a luxurious new project in Meydan’s District 11, which will be Dubai’s first-ever low-rise, lagoon-facing development. The new five-floor project offers its residents a choice of one- and two-bedroom apartments along with other key amenities such as top retail spots, chic cafés and much more. This is the third project to be developed by Amwaj Development in Meydan after the successful launches of Starlight Park and The Cube Residences. It will also feature a luxurious roof terrace and swimming pool with spectacular views facing the lagoon, stated senior company officials at the official signing ceremony. The exclusive park-facing community…

UAE-based Reef Luxury Developments has broken ground on its key project - Reef 1000 - located in the heart of Dubai Land Residential Complex (DLRC), featuring a first-of-its-kind Sunken Balcony with outdoor cooling, thus laying the foundation for a visionary development that seamlessly aligns with Dubai’s vision for innovation. The groundbreaking ceremony included the planting of the first olive tree, symbolizing Reef 1000’s commitment to sustainability and longevity. It is the first of 126 olive trees that will be part of Reef 1000, highlighting a strong connection to nature and timeless value to the project, said the developer. Reef 1000 is introducing a world-first feature—the patented Sunken Balcony with Outdoor Cooling. This groundbreaking technology transforms…