Amaal, a pioneering real estate developer powered by Ayana Holding, has announced the launch of its debut development, Amaal 8, a high-rise residential project featuring 512 residences spread across 48 levels.   These include one- to four-bedroom apartments and luxurious Infinity Collection residences on the upper floors, each boasting superior quality finishes and thoughtfully planned layouts that epitomise elegance and functionality.   Located in the dynamic Meydan Horizon within MBR City, this mixed-use residential tower will set a new standard for elevated urban living that merges sophisticated design with environmental sustainability and unparalleled comfort, said the developer. Positioned against the tranquil backdrop of the Ras Al Khor Wildlife Sanctuary, Amaal 8…

With initial investments of $600 million RMS Capital Investment, the real estate developing alliance of three partners including an Emirati, Azerbaijani and Turkish companies, announced the launch of their first project from Dubai, which is a new phase of the Verdana project that Reportage Properties is developing in Dubai.   The alliance, which includes Reportage Properties from the UAE, the Turkish Mesa Holding and the Azerbaijani Sabah Investment Group, plans to pump initial investments estimated at $600 million in the three markets. The new move was disclosed at an international press conference held in Dubai this week to announce the future plans of RMS Capital Investment Real Estate, as the new company intends to launch their second project on the shores of the Caspian Sea…

* 9 exceptional months of sales topped AED 374 billion   * Highest quarterly sales ever during Q3 2024 exceeding AED 142 billion   *  The highest sales ever for September at about AED 43.3 billion   Walid Al Zarooni: = Dubai  real estate sector turned challenges into unprecedented achievements  = The real estate sector continues to break sales records on daily, weekly and monthly bases = Dubai 57 months cumulative real estate sales  make AED 1.3 trillion      A new survey  by the Dubai-based W Capital Real Estate Brokerage showed that real estate sales in Dubai reached an unprecedented record level in the first nine months of 2024, increasing by 35% to AED 374.44 billion, resulting from 130,412 transactions, compared to…

UAE - Khalifa Economic Zones Abu Dhabi – Kezad Group and UAE-based Azizi Developments have signed a 50-year land lease agreement for the establishment of 12 state-of-the-art factories in Kezad A (Kezad Al Ma’mourah). To be developed with an AED1 billion ($270 million) investment from Azizi Developments, the project will encompass the establishment of a reinforcement steel cut and bend facility, timber joinery and duct fabrication workshops, a modular factory, an aluminium and glass fabrication unit, as well as an aluminium extrusion factory. Spanning approximately 220,000 sq m, these facilities will make use of the given space equipped with advanced infrastructure for the design and development of essential equipment and parts to serve the needs of the real estate…

Accor, a world-leading hospitality group, has announced the signing of a groundbreaking new partnership with The Summary Executive Properties, for the world’s first standalone Swissôtel branded residences. Located on Dubai Islands, Swissôtel Waterfront Residences at Dubai Islands is expected to debut in 2027, offering 105 private homes alongside a mix of apartments and a penthouse. Meeting Dubai’s growing demand for stand-alone branded residences, Swissôtel Waterfront Residences at Dubai Islands will occupy a prime location in Nakheel’s upcoming master planned development. Dubai Islands offers views over the Downtown Skyline and Port Rashid, located 25 minutes from Downtown Dubai. Construction will soon commence on the residence component of the…

UAE-based leading developer Omniyat has officially announced the launch of The Alba, an AED7 billion ($1.9 billion) architectural masterpiece in Dubai designed by Zaha Hadid Architects (ZHA). Unveiled in front of a select group of VVIP customers during the recent Monaco Yacht Show, The Alba is being dubbed by Omniyat as the world's first premium garden retreat by the sea. Located on the Eastern Crescent of Dubai’s iconic Palm Jumeirah, it will provide private sanctuaries, offering uninterrupted views of Dubai Marina, Burj Al Arab and Burj Khalifa, said a statement from Omniyat. The Alba, Dorchester Collection, Dubai elevates luxury living, representing Omniyat’s boundless vision through a seamless blend of beachfront hospitality and ultra luxury residential experiences. It…

UAE - Luxury real estate developer AMIS has awarded the main construction contract for its AED425 million ($115 million) Woodland Residences project to Dar Al Aayan Contracting. The project, located within the District 11 of Meydan in Dubai, is scheduled for handover in April 2026. The development, which was 100% sold out within one week of its launch in January 2024, is located 12 minutes away from Downtown Dubai, and offers a 100-m swimmable lagoon reserved exclusively for residents. “We are thrilled to appoint one of the top contractors for this prestigious project,” said Neeraj Mishra, Founder and CEO of AMIS Properties. “With the exceptional cash flow from our quick sell-out, we are on track with our project milestones. The Woodland Residences is a testament to…

Al-Futtaim Real Estate, one of the region’s only private master developers with 60-years of experience as part of Al-Futtaim Group, has announced the launch of Al Badia Living in Dubai Festival City. This premium lifestyle community marks a new chapter for the area, positioning it as a top destination for living, working, and playing.   Al Badia Living offers over 340 generously sized and superbly appointed residential units, including one-to-four-bedroom apartments. With views of Al Badia golf course, Dubai Creek and Burj Khalifa, the development caters to singles, couples, and families, featuring resort-style amenities that set it apart.   Residents can enjoy state-of-the-art health and fitness facilities including an extensive gym featuring Life Fitness equipment;…

Property Finder, a leading real estate portal in the Mena region, has announced the successful divestment of its CRM business, PropSpace, as part of its strategic refocus on delivering enhanced value to its core customer base. This move reinforces Property Finder's commitment to streamlining its operations and doubling down on its core mission: empowering consumers to make informed real estate decisions. PropSpace, will now operate as an independent entity, offering unparalleled solutions to real estate professionals in the UAE. The newly created company will be led by Patrick Caulfield, who joins as Chief Executive Officer. Caulfield was previously Managing Director of Arthur Online, one of the UK’s leading property management CRMs which was acquired by Aareon, Europe’s…

UAE - Domaine Properties, a UAE-based real estate advisory organisation specialising in luxury residential, commercial, and hospitality properties, has announced the opening of its new office in Business Bay, marking a significant milestone in the company’s expansion strategy. The company has built a reputation for delivering high-quality solutions to a diverse clientele, including investors, property owners, and developers. This new office will serve as a hub to better accommodate the growing demand for premium real estate in Dubai and beyond. “The opening of our Business Bay office is a reflection of the incredible growth we’ve seen over the past few years,” said Bassam Abou Kurch, CEO of Domaine Properties. “Our goal has always been to expand our…

Average office lease rates in Dubai's key submarkets have surged by 22.4% in the past year, according to the latest Dubai Office Market Review report for H1 by global property consultant Knight Frank. This growth is driven by rising demand and limited supply across the city's top office submarkets with Dubai Grade A office occupancy levels currently exceeding 90%. Faisal Durrani, Partner – Head of Research, Mena, commented: “Despite concerns that the pandemic would lead to a permanent shift toward remote working, demand has in fact surged, which stands in sharp contrast to many other global cities. Businesses remain laser-focussed on securing best-in-class space, not least because of the proven links between occupying Grade A offices and the ability to attract and retain the…

UAE’s real estate market, which is predicted to reach a value of AED2.5 trillion ($680 billion) by 2024 end, continues to garner strong demand from investors from all over the world. The growing surge is due to various factors with the off-plan market being the major contributor and responsible for 65% of overall sales transactions for the month of August 2024, a 54% volume increase from what was recorded during the same period last year, said QUBE Development, a renowned international real estate developer. This sector’s growth is spearheaded by the increasing influx of high-net-worth individuals (HNWIs), who have entered the market looking for strong investment opportunities with a focus on the luxury property sector, primarily in the off-plan market where a high number of…