Saudi Arabia has launched a one-month domestic poll about a new off-plan real estate law which is intended to protect dealers and prevent any malpractices. The Real Estate General Authority (REGA) is conducting the poll on its 'Istitlaa' website within the public and private sectors to seek their opinion before it is enforced. REGA said the poll, which started on 9 March and ends on 8 April is designed to get remarks and ideas about the new rules ahead of enforcement. “This poll will enable the public as well as government agencies and the private sector to express their views and observations on it before its approval,” REGA said. It said that the “draft guide” about off-plan property sales includes 55 “procedural” documents aimed at regulating the…

Dubai Land Department (DLD) launched the pilot phase of the ‘Real Estate Tokenisation Project.’ This initiative, introduced under the Real Estate Innovation Initiative ‘REES,’ establishes DLD as the first real estate registration entity in the Middle East to implement tokenisation on property title deeds. The project is being implemented in collaboration with the Dubai Virtual Assets Regulatory Authority (VARA) and Dubai Future Foundation (DFF) through SandBox Real Estate. DLD anticipates that this groundbreaking initiative will drive significant growth in the real estate tokenisation sector, with its market value projected to reach AED 60 billion by 2033, representing 7% of Dubai’s total real estate transactions. As part of this initiative, DLD organised…

Construction costs in the UAE have risen sharply, now ranging between 250 UAE dirhams and AED 300 ($68.07-81.68) per square foot compared to AED 50 to 80 per square foot a decade ago, Ali Jaber, Chief Executive Officer of G J Properties, told Zawya Projects. However, construction costs in Ajman remain significantly lower than in Dubai due to lower labour costs, cheaper raw materials, reduced land prices, and lower permit fees, he said. Additionally, Ajman benefits from its proximity to the northern UAE, where raw materials are sourced, further reducing logistics expenses. “Cost-effectiveness makes Ajman a highly attractive market for developers and investors,” he stated. Interview excerpts: What market factors compelled you to earmark 4 billion UAE dirhams ($1.1 billion)…

The Department of Municipalities and Transport (DMT) has announced the launch of a new Value Housing Programme to bolster versatility in the emirate’s real estate market. The initiative, which will be rolled out in strategic phases, aims to improve the living standards for individuals and families alike, strengthening social integration and foster community bonds– which form key elements underpinning the Year of Community. By ensuring the housing units are both affordable and of exceptional quality, the programme underscores a commitment to cultivating dynamic and inclusive communities. As part of this effort, DMT signed a Memorandum of Understanding (MoU) with Sdeira Group (formerly KEZAD Communities) to develop a range of residential units and commercial assets. The Group…

The real estate sector in Sharjah is undergoing a major transformation with the launch of the Ajmal Makan City – Sharjah Waterfront project in Al Hamriyah, a coastal development valued at AED25 billion (US$6.8 billion). The project spans over 60 million square feet and features a mix of residential, commercial, and tourism facilities. Sultan Al Shakrah, CEO of Ajmal Makan Real Estate Development, provided an update on the project, highlighting that it will accommodate more than 60,000 residents across eight islands, integrating modern urban living with sustainable and eco-friendly practices. He stated that as construction progresses, Ajmal Makan City will contribute significantly to the expansion of Sharjah’s real estate sector and will continue to create thousands of jobs…

SOL Properties, a leading real estate developer in the UAE, has launched its latest flagship project, ‘SOL Levante’, an exquisite Gross Development Value (GDV) of AED 1 billion mixed-use development located in the thriving community of Jumeirah Village Triangle (JVT), with panoramic views of the Dubai Marina skyline & Bluewater Islands. A real estate development arm of the Bhatia Group, SOL said the project has been designed to set a new standard for modern living. SOL Levante will combine innovative design, top-class amenities, and seamless connectivity to create a vibrant and inspiring environment for both residents and businesses. It will feature 612 residential units, which include studios, one-bedroom, one-bedroom with study, and two-bedroom with study apartments,…

Global Partners Limited, a DFSA-regulated institutional fund manager specializing in alternative investments, has signed up Dubai Contracting Company (DCC) for its premium project - Eden House The Park, featuring one- to four-bedroom apartments and penthouses set within a vibrant, walkable environment along the Dubai Water Canal. Designed to inspire connection and a balanced lifestyle, Eden House The Park features lush green spaces, top-tier wellness facilities, and a refined, contemporary living experience, said the statement from Global Partners Limited. This is its second project under Global Partners Property Fund I (GPPFI). With enabling works now completed at the project site, DCC will lead the delivery of construction on Eden House The Park, which is expected to be delivered in…

Meraas, a member of Dubai Holding Real Estate (DHRE), has announced the launch of the final phase of The Acres, its exclusive standalone villa community, centrally located in Dubailand. Featuring 106 villas and 102 mansions, the final phase offers a blend of well-being, nature and elevated lifestyle amenities with a mix of three-, four- and five-bedroom villas, alongside The Acres Estates, featuring the exquisite Amber and Ivory Collections with five-, six- and seven-bedroom mansions. Each residence embodies a distinct architectural style while upholding the highest standards of luxury, sustainability, and refined living, said the developer. According to Meraas, The Acres is designed with sustainability weaved into every aspect of its architecture and the community is committed to an…

- Luxury real estate builder AMIS Development has broken ground on Woodland Terraces, an AED130 million ($35 million) residential project located in District 11, Meydan.  This milestone marks the beginning of construction for the modern luxury development, which is scheduled for completion in Q1 2027, said the developer. Designed for modern living, the residences at Woodland Terraces include one-, two- and three-bedroom apartments featuring en-suite bathrooms, walk-in closets, and dedicated laundry areas to provide both style and functionality. Residents will have access to a rooftop infinity pool, sporting amenities, a state-of-the-art fitness center, a yoga area, and an outdoor theater, while the ground floor includes a kids play area, a grand lobby, and a signature AMIS…

The monthly statistical data issued by the Sharjah Real Estate Registration Department revealed that the volume of real estate transactions across various regions and cities in Sharjah amounted to AED3.5 billion during February 2025, with a total of 7,768 transactions. The total area traded in sales transactions reached 11.8 million square feet. The data indicated that 7,768 real estate transactions were executed, with sales transactions accounting for 1,348 transactions, representing 17.4 percent of the total. Mortgage transactions reached 424 valued at AED711.6 million, constituting 5.5 percent of the total. Meanwhile, initial sales contract transactions recorded 941 transactions (12.1 percent), while ownership certificate transactions amounted to 3,958 (50.9 percent). Additionally,…

Andalusia Real Estate Development is pleased to announce the selection of Atlas Concorde, the renowned Italian manufacturer of high-quality ceramic surfaces and furniture, for Bottega Residences in Dubai. With the handpick Andalusia marks the beginning of a series of Italian high-end residences that aim to redefine living standards in the region. The first Bottega Residences, a project valued at AED 150 million, will stand out for its commitment to quality and design sophistication, featuring premium porcelain materials from Atlas Concorde. This partnership reflects Andalusia Real Estate Development's pursuit of high-end Italian excellence to deliver the unparalleled Bottega standards, offering bespoke residences that promise luxury and elegance. Executive Statements Saleh Tabakh,…

The 21st edition of the IPS 2025, "The Global Real Estate Marketplace," will take place from 14th to 16th April 2025 at Dubai World Trade Centre. The event will feature several activities and events highlighting the latest trends and relevant topics in the real estate sector. IPS is a global platform for showcasing the latest real estate projects and future trends in this vital sector. It is a key event on the agenda for any investor or real estate enthusiast, gathering leading real estate developers, experts, and investors from around the world and offering numerous benefits for participants. The exhibition focuses on five prime pillars: IPS Real Estate, IPS Future Cities, IPS Startups & Proptech, IPS Design, and IPS Services. One of the main activities alongside the exhibition…