Azizi Developments, a leading private developer in the UAE, has launched Azizi Wasel, its new seafront residential project located on the picturesque Dubai Islands. Offering breathtaking sea views with a backdrop of the emirate’s iconic skyline, the development seamlessly blends modern comfort, elegance, and convenience. Azizi Wasel features a variety of luxurious residences, including panoramic penthouses, studios, one-, two, and three-bedroom apartments. Each unit is designed to focus on contemporary sophistication, providing beautiful views of the sea and the cityscape. Residents will be able to enjoy a comprehensive range of community amenities, including a cinema, a clubhouse, swimming pools, a fully-equipped gym, children’s play areas, ample parking spaces, premium…

Dubai continues to cement its status as a global hub for luxury real estate, attracting world-renowned opera singer Andrea Bocelli, who has purchased an exclusive residence within the prestigious Bugatti Residences by Binghatti. As the first Bugatti-branded development in the world, this project redefines luxury with bespoke design and unparalleled opulence. The acquisition was confirmed during a signing ceremony at the Emirates Palace Hotel in Abu Dhabi, attended by Muhammad Binghatti, Chairman of Binghatti Developers, who emphasized the significance of this deal in enhancing the UAE’s image as a global center for luxury living and investments. “We are honored to welcome the legendary Andrea Bocelli to the Binghatti family. Andrea’s trust in our group is a testament…

Andalusia Group, a pioneering real estate developing company based in Dubai, announced the launch of Bottega Nove Premium Residences, an epitome of Italian- inspired luxury living in Dubai, against a cost of AED 210 million. This architectural marvel spans nine stories, crafted entirely from exquisite Italian materials, reflecting the pinnacle of modern Italian design. Located in the vibrant & mixed-use area of Majan, in Dubailand, Bottega Nove promises residents a lifestyle of unparalleled opulence. In a landmark partnership, Kandy Real Estate Brokers will serve as the exclusive brokers for Bottega Nove. Their expertise is entirely crucial in aligning the project with discerning buyers and investors who appreciate refined living spaces. Saleh Tabakh, CEO of Andalusia Real…

DUBAI: Mohamed Alabbar, CEO and Managing Director of Emaar Properties, challenged conventional marketing wisdom, asserting that genuine products, honesty, and credibility outweigh traditional marketing strategies. Addressing a captivated audience during a thought-provoking session entitled "Why I Let Go of My Marketing Team," as part of the 1 Billion Followers Summit 2025, Alabbar, whose leadership has propelled Emaar and other property companies to develop over US$350 billion in real estate projects across 18 countries, shared his unconventional approach to building one of the world's most recognised real estate and hospitality brands. The session is part of the third edition of the 1 Billion Followers Summit, the world’s largest gathering dedicated to the content creator…

The Real Estate Regulatory Agency (RERA), a subsidiary of Dubai Land Department, invited all property owners residing in jointly owned properties to take the initiative and register for Owners Committees, in line with the Jointly Owned Property Law in Dubai and with RERA’s ongoing efforts to enhance transparency and ensure the sustainability of properties in the emirate. The Owners Committees play a crucial role in empowering property owners and fostering their active involvement in managing residential communities. This initiative aims to enhance the quality of life, ensuring greater comfort and satisfaction for all residents, and aligns seamlessly with Dubai’s forward-thinking vision to optimise the management of jointly owned properties while promoting transparency and…

Edgnex Data Centers by Damac, a major digital infrastructure company and a fully owned unit of Dubai-based real estate developer Damac, has announced its strategic entry into the US data centre market, marking a transformative phase in its international expansion. Since its inception in 2021, the group has rapidly expanded across the Middle East, Southeast Asia and Europe, setting the stage for a strategic entry into the US market. It brings and sets new benchmarks in secure, scalable, and sustainable digital infrastructure. Edgnex, with a management team of 100+ professionals based in the Middle East, Europe and Asia, is actively expanding its team to support these growth plans. The Damac unit is set to initially pump $20 billion into the market with a plan to potentially double the…

Aldar Properties, Abu Dhabi-based property developer and real estate asset manager, which is selling a US dollar 30.25-year non-call 7.25 hybrid bond, has set the deal size at $1 billion. Books are in excess of $4 billion, excluding joint lead manager interest. The initial price thoughts are in the 6.875% area. The Regulation S notes are rated Baa3 by Moody's, one notch below the issuer's Baa2 rating. Abu Dhabi Commercial Bank, Bank of China, Citigroup, Emirates NBD Capital, First Abu Dhabi Bank, HSBC, Intesa Sanpaolo London branch, JP Morgan, Mashreqbank, RAKBANK and Standard Chartered are joint lead managers and bookrunners. The proceeds will be used for general corporate purposes. (Writing by Brinda Darasha; editing by Seban Scaria)

Real estate transactions in Ajman totalled AED2.28 billion in December 2024, marking a record growth of 102 percent compared to the same period in 2023, according to the Real Estate Report issued by the Department of Land and Real Estate Regulation. Omar bin Omair Al Muhairi, Directo-General of the Department, stated that the number of real estate transactions in December 2024 reached 1,169, including 935 property trades valued at over AED1.86 billion. He noted that Al Jurf 1 recorded the highest property sale at AED300 million. Al Muhairi highlighted that Ajman’s real estate market is experiencing unprecedented growth, achieving record figures that reflect the sector's quality, the diversity of investment opportunities, and its appeal to investors across various segments. The…

DUBAI: His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister, and Ruler of Dubai, has approved the implementation of a series of housing projects worth AED5.4 billion to benefit citizens across different areas of Dubai. The projects will see 3,004 new homes being built for Emirati citizens. Of these, 1,181 homes will come up in Latifa City for beneficiaries under the housing loan category. For beneficiaries in the housing grant category, the projects envisage 606 new homes in Al Yalayis 5, 432 homes in Wadi Al Amardi, 398 homes in Al Awir 1, 200 homes in the Makan area of Hatta, 120 homes in Oud Al Muteena, and 67 homes in the countryside and rural areas of Dubai. The housing projects, offering diverse options for Emirati citizens, align with the Sheikha…

ABU DHABI: The UAE’s real estate sector maintained its growth momentum throughout 2024, marked by an increase in real estate projects and infrastructure investments, reinforcing its position as a key pillar of the country's economic growth. The vibrant real estate markets across the emirates underscored the UAE’s status as a global hub for property investments and an attractive destination for high-net-worth individuals who play a vital role in stimulating market activity, particularly in luxury real estate. The property markets in Abu Dhabi, Dubai, Sharjah, and Ajman witnessed significant activity in transaction volumes over the past year, maintaining positive performance levels thanks to diverse investment opportunities and growing demand for various property…

HH Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister, and Ruler of Dubai, has approved the implementation of a series of housing projects worth AED5.4 billion ($1.5 billion) to benefit citizens across different areas of Dubai. The projects will see 3,004 new homes being built for Emirati citizens in Dubai, of which 1,181 units will come up in Latifa City for beneficiaries under the housing loan category, reported Wam. For beneficiaries in the housing grant category, the projects envisage 606 new homes in Al Yalayis 5, 432 homes in Wadi Al Amardi, 398 homes in Al Awir 1, 200 homes in the Makan area of Hatta, 120 homes in Oud Al Muteena, and 67 homes in the countryside and rural areas of Dubai. Sheikh Mohammed said: "Housing programmes for citizens represent a…

Dubai Municipality has announced that it has awarded contracts for Phase Two of Al Mamzar Beach Development Project coming up on a 125,000-sq-m area in the city. Work on Phase One began in June last year and now stands 45% completed. The total cost of the project is projected to be around AED400 million ($109 million) across both phases. On Phase One work, the civic body said covering an area of 275,000 sq m, the beach ranges in width from 30 to 90 metres at various points. The project includes the construction of a 200-m-long pedestrian pontoon bridge to connect the two banks of the creek, ensuring ease of access for the public. It also features a 300-m-long night swimming beach designed to be accessible for people of determination, along with a 5-km walkway and dedicated running and…