Cheval Collection’s latest property in the Middle East, Cheval Maison – Expo City Dubai, is set to open in March 2025 with 151 luxurious, serviced apartments and a host of top-flight business and leisure amenities. One of the award-winning, UK-based hospitality brand’s largest properties, Cheval Maison – Expo City Dubai is a reimagining of the showpiece Leadership Pavilion that hosted world leaders during Expo 2020 and Cop28. The prestigious building, which has been extensively refurbished, is located alongside the iconic Al Wasl Plaza, five minutes’ walk from the Expo City Metro station. Its opening will mark a key milestone in Cheval Collection’s Middle East expansion, which includes more properties in the UAE and a move into Saudi Arabia. The…

Emaar Properties registered a 72% year-on-year (YoY) surge in property sales to AED 70 billion ($19 billion) in 2024, the highest ever it said. Revenues reached an all-time high of AED 35.5 billion in 2024, a 33% increase YoY, bolstered by record property sales, the Dubai-listed company said. The group’s revenue backlog from property sales surpassed AED 110 billion as of December 31, 2024, rising 55% from 2023, which indicated “robust revenue growth for the coming years”. Net profit attributable rose 16% to AED 13.51 billion in 2024 compared to AED 11.64 billion in 2023. Emaar acquired 141 million square feet of development land in a prime area in Dubai with a total development value of AED 96 billion. Last December, the company announced a new dividend policy and…

UAE-based Kasco Developments, the real estate arm of the Kasco Group, said it has partnered with Evolutions, a leading real estate intelligence hub, for official launch of Volna, its third residential project in Dubai. Following the success of Onda and VAL, this new development further strengthens Kasco’s presence in the UAE property market since its debut in September 2024, said a statement from the UAE group. Strategically located along Al Jaddaf Waterfront, Volna is an 11-floor residential building featuring 65 meticulously designed homes. The project offers a diverse selection of residences, including studios (up to 912 sqft), one-bedroom apartments (up to 1,480 sq ft), two-bedroom apartments (up to 1,620 sqft), and three-bedroom apartments (up to 3,407 sqft). Designed to…

Doha: Dubai’s real estate market has made a strong start to 2025, with property sales in January totalling AED44.4bn, a 24.1% increase in value on the same month last year. A market update issued today by fäm Properties reveals that last month’s total of 14,236 transactions also represented a 23.2% increase in volume over January 2024. Land sales for January showed the biggest increase, with 811 plots - a 151.9% month-on-month leap in volume - selling for AED8.6bn. Villa sales totalling AED16.4 billion also climbed sharply in volume by 89.6% to 3,117 compared with January last year, and apartment sales worth AED18.2bn were up 7.1% in volume to 9,945. A total of 363 commercial property transactions amounting to AED1.2bn represented a 17.9% increase in volume over…

His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, reviewed the progress of the Sheikh Rashid Bin Mohammed Bin Rashid Al Maktoum Housing Project for Citizens in the Wadi Al Amardi area in Dubai. The project features 672 villas under construction at a total cost of AED1.4 billion, in addition to endowment markets, a mosque, a public park, and service facilities designed to meet the needs of Emirati families. The new residential project is directly overseen by H.H. Sheikha Hind bint Maktoum bin Juma Al Maktoum, wife of H.H. Sheikh Mohammed bin Rashid Al Maktoum. It was named in memory of the late Sheikh Rashid bin Mohammed bin Rashid Al Maktoum. The project supports the Sheikha Hind bint Maktoum Family Programme, launched by her to…

The Dubai Integrated Economic Zones Authority (DIEZ) and the Dubai Land Department (DLD) partnered to support and enable the property technology (Proptech) sector. The collaboration aims to enhance research, development, and technological innovation, as well as ease of doing business in Dubai, and to contribute to the growth of emerging startups, small and medium and innovative enterprises in the sector. This partnership aligns with the objectives of the Dubai Research, Development, and Innovation (RDI) Grant Initiative, launched by H.H. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Deputy Prime Minister, and Minister of Defence, in September 2024. Through one of the four priority sectors – Cognitive Cities – Dubai RDI will focus on Proptech, smart…

Dubai-based Select Group acquired Radisson Blu Hotel, Dubai Media City, in a deal valued at over 200 million UAE dirhams ($54.45 million).  The deal is claimed to be the “highest recorded hotel sale transaction” in the Dubai Media Free Zone, the developer said in a statement on Friday. Select M City Limited, a subsidiary of Select Investments Limited, purchased the hotel. Knight Frank MENA brokered the transaction. The Radisson Blu Hotel is surrounded by global corporate headquarters, including META, Pfizer, Samsung, and Mastercard.  The developer plans to refurbish the property, enhancing its food and beverage offerings, accommodation, and other public areas to attract corporate clients. This deal marks Knight Frank’s ninth hotel transaction in Dubai in…

Andalusia Group, the pioneering real estate developing company in Dubai, is taking a bold step to address a prevalent issue in residential living: the underutilization of amenities due to their suboptimal design and lack of developer focus. The newly launched Bottega Residences is poised to transform this narrative by fostering a vibrant vertical community enriched with high-end facilities. “We recognize the market gap where many residential facilities fall short in design and utility, often being underused by residents," stated Saleh Tabakh, Founder and CEO of Andalusia. "Our mission with Bottega Residences is to shift the paradigm by integrating top-tier amenities that not only enhance living experiences but also foster a dynamic sense of community.", he noted. Partnering with…

Ajmal Makan Real Estate Development has announced the launch of two major projects - The View Island and Blue Beach Residence - at the Sharjah Real Estate Exhibition – Acres 2025 which runs until January 25. The View Island features 266 residential units, including villas and townhouses, designed to offer accessible luxury living. Key features include green parks, children’s play areas, and a running track. The development is aimed at promoting active and family-oriented living, while integrating sustainability-focused elements. It aligns with Sharjah’s efforts to balance urban development with environmental sustainability. With extensive green spaces and recreational facilities, the project seeks to appeal to both residents and visitors, enhancing Sharjah’s…

SHARJAH - Alef Group, a leading real estate developer in Sharjah, announced its remarkable accomplishments in 2024. With sales exceeding AED 2.4 billion, the company experienced a 30 percent year-on-year growth, securing over 25 percent of the Sharjah real estate market. These achievements underscore Alef Group's position as a market leader and its commitment to delivering quality and excellence. Commenting on these milestones, Issa Ataya, CEO of Alef Group, said, "2024 has been a transformative year for Alef Group. Our strategic vision and commitment to excellence have propelled us to new heights. We are excited to continue this momentum, with new developments and initiatives on the horizon that will further enhance our position as a leader in the real estate industry."

UAE - Object 1, a Dubai-based real estate developer, has announced that work is moving at a steady pace on its flagship sustainability development, Evergrin House, located in the heart of Dubai’s Jumeirah Garden City, with the project on track for completion and handover in Q2 2026. Part of the international TSZ Group, the group has over a decade of experience in Spain, Ukraine and the UAE. Offering exceptional value with prices starting from AED995,000 ($270,858), the key development features 219 residential units, ranging from studios to two-bedroom apartments, with sizes spanning from 37 sq m to 106 sq m, catering to diverse lifestyle preferences. In line with the UAE’s Green Agenda 2030, which emphasizes sustainable development, environmental responsibility, and…

The Sharjah Real Estate Exhibition “ACRES 2025”, currently underway at Expo Centre Sharjah, has witnessed the launch of an extensive portfolio of innovative and distinctive property projects designed to meet investor aspirations and set new standards across various real estate development fields. Organised by the Sharjah Chamber of Commerce and Industry (SCCI), in collaboration with the Sharjah Real Estate Registration Department (SRERD), the exhibition underscores its position as a premier platform spotlighting the dynamic growth of the real estate sector in Sharjah and the UAE. During its participation as the Platinum Sponsor of ACRES 2025, Alef Group unveiled its new project “Al Mamsha Hamsa” at the exhibition. Issa Ataya, CEO of Alef Group, commented,…