The demand for premium office spaces across the UAE has risen thanks to an increasing number of companies in the UAE returning to face-to-face work and a number of overseas companies wanting to set up operations in the country.   As businesses are also increasingly seeking high-quality, well-located office spaces to meet their evolving needs, Bayti Real Estate, a specialist in premium real estate services focusing on providing high-quality commercial and residential spaces across the region, have revealed that they have recently closed a deal for a record-breaking price per square foot of office space in Dubai.   The sale transaction involved a 2,879-sq ft premium office space located at The Opus, Business Bay, which they have sold for AED7,040 ($1,917) per sq ft. This…

UAE-based Azizi Developments has announced that it has sold all the units within Pearl, a premium residential property situated in Dubai’s growth corridor, Al Furjan, which boasts easy access to all of the emirate’s points of interest while still being a comfortable distance away from the bustle of the city.   The premium development comprises 192 studios, 54 one-bedroom apartments and 14 two-bedroom apartments.   Among the 40 nationalities that have purchased units in Pearl so far, buyers from the UAE represent the largest demographic at 25% followed by investors from US, Italy and Germany, which make up a combined 35%, as well as various GCC nations, including Saudi Arabia, that make up a combined 30%. Chief Operating Officer Afzaal Hussain said: "We take…

Sweid & Sweid, an international award-winning real estate company, has announced that it has sold 6 Falak, a newly built Grade A office building located in the heart of Dubai Internet City, to Abu Dhabi-based Aldar Properties.   The recently completed property stands out as one of the highest-quality assets in DIC, offering over 90,000 sqft of institutional-quality commercial office space.   The fully occupied property is positioned on one of the last remaining freehold plots in the free zone and is now home to several multinational blue-chip tenants, including Roland Berger, MSD, and IFS, stated the developer. On the key sale, Maher Sweid, Managing Partner of Sweid & Sweid, said: "The completion of this transaction marks another milestone for the company in…

KASCO Developments has officially launched its business in the UAE property market with an initial investment of AED 1.20 billion, according to a press release.   KASCO Group has run operations in real estate since 2008 and its portfolio delivered projects; such as Waves Tower by KASCO, KASCO Residence, KASCO Tower, and Gulf Oasis.   The development company plans to sell 1 million square feet of residential projects by 2025, boosting its vision of integrating technology with modern design trends.   In the short term, the company seeks to launch, sell, and deliver its first three projects. Dubai areas of particular interest to the new company include Business Bay and Al Jaddaf.   The new venture builds on the KASCO Group's 30 years of experience in project…

LMD, a leading real estate developer with global presence in Spain, Greece, Egypt, and the UAE announced the launch of its latest project, The Pier Residence, in Dubai Maritime City, with an estimated investment of AED 750 million. The company hosted a launch event to unveil the project's details in the presence of numerous strategic partners. The Pier Residence is set to be handed over in Q2 2027 and will feature 274 luxurious homes, ranging from stylish one, two, and three-bedroom apartments, with select units offering private pools. The project offers a sophisticated lifestyle, catering to diverse preferences with its modern elegance and top-tier design finishes. Residents will enjoy breathtaking views spanning Arabian Gulf, and the stunning Downtown Dubai skyline. The Pier Residence…

DHG Properties, a Swiss real estate developer renowned for its legacy of over three decades, has completed 15% of construction for its latest development, Helvetia Residences, in Jumeirah Village Circle (JVC). This progress places the firm on track to deliver its project in Q2 of 2026 with more than 50% of the 430-unit development already sold. The UAE’s construction sector has shown robust growth via a 54% increase in activity in Q2 of this year. With the value of awarded projects rising from $31 billion in 2022 to $87 billion in 2023, it reflects a significant boost in economic diversification and investment. In 2024, the sector is expected to grow by 4.6%, strengthened by substantial private investments in housing and large-scale projects; with government support also being…

UAE - HRE Development, a key player in the UAE real estate market, has announced the launch of its new project SkyHills 2, a premium mixed-use development located in the heart of Jumeirah Village Circle (JVC). The SkyHills 2, which promises to redefine community living with its innovative blend of commercial and residential spaces, will boast a mix of 509 luxury apartments and 17 retail outlets. It is scheduled for completion by Q2 2026. Unveiling big plans for the UAE, the Emirati developer said it was committed to invest AED10 billion ($2.6 billion) in the market over the next three years. With residential units ranging from studios to three-bedroom duplexes, and prices starting at AED680,000, SkyHills 2 is poised to attract a diverse clientele of investors and homeowners seeking…

Leading UAE developer Arada said it has completed work on the second and third phases at Masaar, the forested megaproject based in the Suyoh district of Sharjah. With this, all 986 homes in the Kaya and Robinia districts are readying for handover process as one of the UAE’s most exciting new master communities reaches the 50% completion mark, said the Sharjah developer in a statement. Villas and townhouses in Kaya and Robinia range from two-bedroom townhouses to five-bedroom forest villas, all of which are equipped with smart home features and located next to Masaar’s signature feature, a lushly landscaped and walkable ‘green spine’ containing 70,000 trees, it stated. The home deliveries come shortly after a visit from HH Sheikh Dr Sultan bin Muhammad Al Qasimi,…

Episode 123 of the popular show O! Millionaire captivated audiences with its grandeur and meaningful message. This special episode featured a grand prize draw of 100 million dirhams, accompanied by additional exciting rewards, making it one of the most anticipated episodes of the season. Oasis Park Initiative: Planting 60 Million Trees for a Sustainable Future The highlight of the episode was not just the extraordinary prize pool, but also a powerful segment on the importance of tree planting and its impact on our planet. This segment was closely tied to the goals of Oasis Park, an ambitious environmental initiative committed to planting 60 million trees over the next few decades. The program aims to plant 1.4 million trees annually, contributing significantly to combatting climate…

UAE - SOL Properties launched a series of high-end projects with an anticipated gross development value (GDV) of AED 12 billion in the next six months, according to a press release.   The development schemes are expected to anchor the UAE real estate market, reflecting new standards for luxury and efficiency, while contributing to the Gulf country’s overall economic growth.   SOL Properties, a leading real estate developer in the UAE and the premier real estate development arm of the Bhatia Group, has acquired 4 million sq. ft. of prime land for ultra-luxury projects and affordable luxury projects.   They include a new esteemed project in the West Crescent of Palm Jumeirah and the prestigious Fairmont Residences Solara Tower Downtown Dubai at a combined value of…

The Dubai-based developer behind the $204 million Bugatti-branded penthouse is looking into tokenising real estate purchases to allow investors with as little as AED 500 to access the market.   Muhammad BinGhatti, chairman of developer BinGhatti, said at the Sharjah Investment Forum that the company had started accepting cryptocurrency payments in 2021, and took AED 500 million ($136 million) in payments in digital currencies within the first nine months.   He said the organisation is now “toying with” tokenising real estate, to allow anyone, regardless of their wealth, to access the real estate market. “We are working on as organisation, tokenising real estate to be able to trade it in a similar fashion as the stock market,” he said.   He…

The biggest real estate developer in Dubai has disclosed intentions to challenge one of its own largest projects. Arabian Business reports claim that Emaar plans to construct a massive structure that will be able to compete with the Burj Khalifa in height. When completed, the tower will surpass current planned projects like the Burj Azizi to become the second-tallest building in the world. When completed, the 725-meter Burj Azizi will stand just over 100 meters short of the 828-meter Burj Khalifa on Sheikh Zayed Road. Four very intriguing and very different designs have been considered, including a glass-tube sculpture, a rocket-shaped tower, and a design that uses gothic spires, even though the exact height and location have not yet been disclosed. Although there are plans for…