Mashreq Bank has announced the signing of a cooperation agreement with Expo City Dubai to provide mortgage financing solutions for qualified buyers wishing to own residential units under construction in selected projects in Expo City, whose residential portfolio includes more than 3 thousand units currently under development.Under the agreement announced today, real estate buyers in approved projects will be able to apply for real estate financing during the construction phase, in accordance with eligibility criteria, credit approvals and approved conditions at Mashreq.The cooperation includes financing housing units in selected projects within the real estate portfolio of Expo City Dubai, without specifying the names of the projects covered or the available financing rates or the…

For thousands of tenants and landlords in Dubai, rental disputes were resolved through an agreement in days rather than a prolonged legal battle this year The Rental Disputes Center said it concluded 2,350 amicable settlement cases between January and the end of September, involving a combined value of Dh401 million. On average, each case was resolved in six days. The cases were handled through the RDC’s Conciliation and Settlement Department, which helps parties in a rental dispute reach a solution both sides can accept. The settlement process is separate from a disputed case that goes on for a final ruling. It gives the parties a structured legal route to discuss the dispute and reach an agreement, while their rights remain protected. If the tenant and landlord agree, the…

The Abu Dhabi Real Estate Centre—part of the Department of Municipalities and Transport—has launched a new, mandatory training curriculum to qualify real estate brokers and enable them to obtain a license to practice real estate consultancy and brokerage in the emirate. This initiative was developed in collaboration with the "Mawahib" Centre (under the Department of Government Enablement), ThinkProp, and the Abu Dhabi School of Management.According to the Emirates News Agency (WAM), the new curriculum aims to standardize professional competency criteria for real estate brokers and enhance their regulatory knowledge and advisory skills. This initiative seeks to qualify them to serve as trusted advisors and contribute to improving the quality of services provided to investors…

Dubai's residential real estate market has seen a significant drop in transaction volumes as a result of the Middle East war. However, specific segments of the market are now experiencing a price correction, albeit a moderate one, according to S&P Global Ratings.  That’s because of a change in market dynamics over the past several years, with the UAE's visa reforms supporting a higher proportion of long-term investors and end users. "Our base case is that the Middle East disruptions will continue into 2027. This, together with new deliveries due in 2027-2028, could accelerate the price correction, particularly in investor-driven apartment segments," explained S&P Global Ratings credit analyst Sapna Jagtiani. "However, if geopolitical risk subsides in 2027,…

Dubai is expected to see a 20 per cent increase in its residential units, especially apartments, in the next two years, S&P Global said. This, along with the ongoing regional instability, is likely to bring down transaction volumes and prices. Specific segments of Dubai’s residential market are already experiencing price corrections, which the credit ratings agency attributed to the country’s sweeping visa reforms that supported a higher number of long-term investors. Disruptions stemming from the regional war are assumed to continue into next year, as per S&P Global Rating’s base case scenario. This, along with new deliveries due in 2027-2028, could accelerate the price correction, especially in investor-driven apartment segments, the agency said. Property…

Dubai has issued new rules for shared housing and has given property owners and operators a year to comply with the new regulations. Under the new circular that Dubai Municipality has released, shared housing will be divided into two categories: individual and family accommodation Shared housing is only allowed in approved areas, with Dubai Municipality identifying more than 44 areas so far, including Al Souq Al Kabeer, Al Ras, Al Warqa 1, Al Barsha 1, Al Muraqqabat and Al Rigga. More areas will be announced later Properties on major tourist and commercial streets, such as Bani Yas Road, Sheikh Zayed Road, Jumeirah Road and Al Wasl Road, can only be used for family housing, not individual housing. Here is how property owners and operators can apply for a shared housing permit: Step 1:…

Dubai is expected to see a 20 per cent increase in its residential units, especially apartments, in the next two years, S&P Global said. This, along with the ongoing regional instability, is likely to bring down transaction volumes and prices. Specific segments of Dubai’s residential market are already experiencing price corrections, which the credit ratings agency attributed to the country’s sweeping visa reforms that supported a higher number of long-term investors. Disruptions stemming from the regional war are assumed to continue into next year, as per S&P Global Rating’s base case scenario. This, along with new deliveries due in 2027-2028, could accelerate the price correction, especially in investor-driven apartment segments, the agency said Property…

Arada, the Sharjah-based master developer, has received approval from the NSW Department of Planning, Housing and Infrastructure for its AED560 million London Place residential development in Campsie, Sydney. The 33-storey project is the first of five planned by Arada in the area as part of its expansion in Australia and will contribute to housing supply and community renewal. Designed by Woods Bagot, London Place will comprise 156 apartments, including 18 designated as affordable housing. Construction is expected to begin in the second quarter of 2027, with completion targeted for the fourth quarter of 2029. Ahmed Alkhoshaibi, Group CEO of Arada, said Campsie offered significant potential and that London Place marked the first of five projects planned for Sydney’s Inner…

Binghatti announced that global football star Karim Benzema has acquired several residential units within Mercedes-Benz Places | Binghatti City, including a luxury residence at Vision Iconic Tower, the largest tower within the masterplan. The announcement was made during the grand launch of Vision Iconic Tower at Coca-Cola Arena, Dubai, attended by prominent business leaders, leading investors and VIP guests.   The event featured the official signing between Karim Benzema and Abdullah Binghatti, Chief Sales Officer of Binghatti, in the presence of Muhammad Binghatti, Chairman of Binghatti, alongside senior dignitaries and members of the Board of Directors. The acquisition comes amid strong sales momentum for Binghatti, driven by growing demand for its developments among global…

Reportage Group has made its debut in Meydan Horizon with the launch of Verso and Époque, introducing 234 residences through two distinct approaches to contemporary living. The launch marks a strategic step in the Group’s Dubai expansion, establishing its presence in an emerging destination where waterfront landscapes, green spaces and access to the city are shaping a new residential community. Verso introduces a quieter, greener perspective on Dubai, where an active, social lifestyle sits comfortably alongside moments of retreat. Époque takes its inspiration from the enduring qualities of classic design, bringing understated elegance and a more intimate residential setting to the same destination. Together, the projects offer buyers a choice of homes with individual…

Reportage Group has made its debut in Meydan Horizon with the launch of Verso and Époque, introducing 234 residential units through two distinct approaches to contemporary living. This launch marks a strategic step in the Group’s expansion in Dubai, establishing its presence in an emerging destination shaped by waterfront landscapes, green spaces, and citywide connectivity.   Verso introduces a quieter, greener perspective that balances an active, social lifestyle with moments of retreat, while Époque draws inspiration from classic design to deliver understated elegance and an intimate residential setting.   Andrea Nucera, Group Managing Director of Reportage, stated that launching both projects together addresses diverse buyer priorities and reflects the…

Burtville Developments has officially launched its latest residential development, «Bab Al Qasr Beach Resort Residence 77», situated on the waterfront of Al Reem Island in Abu Dhabi. The launch event featured the unveiling of the architectural model and a comprehensive overview of its residences and resort amenities, attended by key members of the UAE’s real estate brokerage community, with project completion scheduled for Q4 2031. Spanning a 17,534-square-meter site, the development occupies a rare beachfront plot with direct beach access and dedicates 73% of its total area to landscaped green spaces. The project offers seamless connectivity to Saadiyat Island, the Dubai highway, Abu Dhabi Global Market (ADGM), the Cultural District, and downtown Abu Dhabi, while 92%…