Jubail Island Investment Company (JIIC) has announced that it has achieved a major milestone in Abu Dhabi's real estate market with the handover of 44 residential units at the Nad Al Dhabi village - located within its AED15 billion ($4.1 billion) mega island development - to the first batch of homeowners. Nad Al Dhabi is one of six villages located within Jubail Island, offering residents access to a range of well-curated amenities and residential options. This village will see the addition of a community centre and dedicated mosque during the fourth quarter of this year. The community centre will include a majlis, a leisure pool, a gym, a room for fitness classes, a multi-purpose community space, an indoor kid’s playroom, a kid’s pool, a kid’s playground, several…

Global captive centers have been growing and changing at an astounding rate over the years. Global captive units have become a popular offshoring strategy in the Middle East. These divisions mainly provide IT support and back-office functions to their parent companies. For many multinational firms, outsourcing corporate operations to captive centers has proven to be an economical and successful business strategy. Businesses like Apple, Standard Chartered, General Electric, UBS, and American Express have been able to reduce costs associated with their back offices and concentrate more on their core competencies by taking advantage of lower-cost locations. Captive centers provide companies aiming to optimize their operations with opportunities for innovation and technological advancements,…

A report released by the Sharjah Real Estate Registration Department states that in March 2024, 2,606 real estate transactions totaling AED 3.1 billion were recorded in the Emirate of Sharjah, spanning 8.1 million square feet. The report indicated that 837 sales transactions accounted for 32.1 percent of the total number of transactions, 333 mortgage transactions totaling AED 1.1 million accounted for 12.8 percent, and 1,436 other transactions totaled 55.1 percent of the total number of transactions. The sales transactions occurred in 97 areas, which were spread across different cities and regions of Sharjah. These areas included 247 built-in land, 240 subdivided towers, and 350 vacant lands. These assets comprised agricultural, commercial, industrial, and residential areas. With 156…

Binghatti Hills is an architectural masterpiece that embodies the spirit of tranquility and luxury living in the Dubai Science Park area. It includes a wide range of studios and luxury one- and two-bedroom apartments.The project is located in Al Barsha South 2 and has easy access to Al Khail Road, Umm Suqeim Road, Dubai Miracle Garden as well as the Mall of the Emirates will be within easy reach. Enjoy living at its finest in the 40-storey high-rise building, which offers residents mesmerizing views of the sparkling oceans. The design of each residential unit was carefully chosen to ensure comfort, enjoyment and luxury in residents’ living. In addition, the project contains a variety of facilities and amenities that include a swimming pool with a jacuzzi, a cinema amphitheater, a…

Binghatti Hills is an architectural masterpiece that embodies the spirit of tranquility and luxury living in the Dubai Science Park area. It includes a wide range of studios and luxury one- and two-bedroom apartments.The project is located in Al Barsha South 2 and has easy access to Al Khail Road, Umm Suqeim Road, Dubai Miracle Garden as well as the Mall of the Emirates will be within easy reach. Enjoy living at its finest in the 40-storey high-rise building, which offers residents mesmerizing views of the sparkling oceans. The design of each residential unit was carefully chosen to ensure comfort, enjoyment and luxury in residents’ living. In addition, the project contains a variety of facilities and amenities that include a swimming pool with a jacuzzi, a cinema amphitheater, a…

Property prices and rentals in Dubai will continue to witness a rise until 2025 given that the population in the city is growing 300 per cent faster than fresh supply of properties in the first quarter of this year.   Real estate industry executives are extending their forecast for the three-year rally to next year as strong demand continues to outpace supply at a faster pace this year than estimated, especially after the UAE’s removal from the Financial Action Task Force’s (FATF) Grey List.   In February 2024, the UAE was removed from the FATF’s Grey List, which demonstrated the country’s transparency in financial transactions, hence, raising UAE’s profile among foreign investors.   Initially, the price rally seemed to be slowing down…

Reportage Properties, a leading UAE real estate developer, reported estimated sales at Dh2 billion since the beginning of the year until now.   Its sales exceeded Dh3.7 billion ($1 billion) during 2023, compared to Dh2.3 billion achieved during 2022, with a growth rate of 60 per cent.   Reportage Properties is organizing a special sales day at the Rosewood Abu Dhabi Hotel today.   The company is providing special offers on selected projects, including an offer of 10 per cent discount on all of their projects, with a 10 per cent down payment, and 1 per cent monthly installments until units handing off. There is also another offer that includes a 5 per cent discount, with a 5 per cent down payment, 1 per cent per monthly installments until unit hand off. The offer also…

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…

Dubai Ruler approved the plans on Sunday for the new passenger terminal at Al Maktoum International Airport. All of Dubai International Airport’s operations will be gradually moved to the new airport over ten years. The Dh128 billion terminal will be built, and work will start right away as part of the Dubai Aviation Corporation’s plan. Covering an area of 70 square kilometers, the airport will have five parallel runways and 400 aircraft gates. When finished, it will be five times larger than the existing Dubai International Airport (DXB). Technologies never employed in the aviation industry will also be used at the new airport. Announcing social media platform X, Sheikh Mohammed bin Rashid Al Maktoum, Vice-President, Prime Minister of the UAE and Ruler of Dubai,…

Six Senses announced the opening of Six Senses Residences Dubai Marina, their newest project, in partnership with Select Group, a real estate developer in Dubai. When completed, the 122-story complex will be 517 meters tall, the tallest residential tower in the world. Six Senses Residences Dubai Marina will integrate wellness amenities and infrastructure into its design concept, staying true to its wellness-centric philosophy. The development’s goal is to offer its residents a complete lifestyle, emphasizing happiness, well-being, and sustainability. There will be 251 homes in the development, including half-floor penthouses, duplex and triplex Sky Mansions, and two-to four-bedroom deluxe residences. To support residential health, each residence will have unique features like…

Samana, a private developer based in Dubai, launched the Dh1 billion Samana Lake Views Project on Thursday. This year, the group plans to invest Dh12.5 billion in UAE real estate.   Located in Dubai Production City, the twin towers offer 1,006 apartments with studios, one, and two bedrooms spread over a 794,000 square foot plot. The project is expected to be finished in October 2027.   “Samana’s new project is the beginning of an expansion to a new dimension of designs that are planned to be built near the waterfront developments. Developing our projects near the waterfronts are in response to the demand from our investors who prefer the resort-style communities as well as the prices that are within the reach of buyers and end-users,” said Imran Farooq, CEO…

UAE –  ARA Real Estate Development, a subsidiary of Core Holding, has revealed an AED 22 billion gated community project in Abu Dhabi. Named Arabian Hills Estate, the project is planned to be built on 244 million square feet, according to a press release. DECA Properties was appointed as the exclusive sales and marketing partner for the project. Arabian Hills offers open, freehold ownership, appealing to a diverse clientele seeking modern living. With stunning lagoons, natural pools, serene parks, and various recreational amenities including equestrian facilities and 5-star resorts, the project enhances the quality of life for residents and short-stay visitors alike. Hany Sabry, CEO of Core International Holdings, said: "We look forward to this collaboration with DECA…