UAE-based AARK Developers has appointed Atlas Foundations as the enabling contractor for its flagship project, Sora Beach Residences, a AED4 billion ($1.1 billion) luxury beachfront development on Al Marjan Island in Ras Al Khaimah. Atlas Foundations, a leading UAE-based contractor, specialises in advanced piling and foundation solutions, and has a proven track record of delivering exceptional groundwork for iconic developments, including projects in Dubai Marina and several large-scale industrial complexes across the UAE. It is renowned for its expertise in deep foundation engineering, ground improvement, and sustainable construction methods, said a statement from AARK Developers. This appointment marks a key milestone in the development of the UAE’s ultra-luxury lifestyle…

According to data, the off-plan sector continued to boost the Dubai real estate market in November 2024, with 8,548 sales, representing a year-over-year growth in volume of over 46%. Overall, compared to November 2023, real estate transactions in Dubai rose by nearly a fifth (19%) last month. With over 14,479 transactions and prices above Dh43 billion, the market continued its notable upward trend, according to data from Property Finder, a top real estate portal in the Middle East and North Africa (Mena) area. This represents a 1.6% rise over the same period last year. According to data, around one-third (33%) of those looking to buy or invest in real estate are looking for one-bedroom apartments, while 35% are more interested in two-bedroom apartments and 15% are more interested in…

His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, has approved the Dubai Walk Master Plan (Dubai Walk), a visionary initiative aimed at transforming Dubai into a pedestrian-friendly city. H.H. Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, the UAE’s Deputy Prime Minister and Finance Minister, as well as the First Deputy Ruler of Dubai, were present when the plan was authorized. The Dubai Walk Master Plan emphasizes accessibility, safety, and a pleasant walking experience. It will create a distinctive integrated network of walkways with unobstructed paths and increased green spaces. His Highness Sheikh Mohammed bin Rashid Al Maktoum said that enhancing the quality of life in Dubai remains a key focus of the…

The Dubai property boom will continue to drive house prices up by 8% in 2025, underpinned by a shortage in supply, according to a new report by property consultancy Knight Frank. The ‘Dubai Residential Market Review: Special Edition’ study reveals that house prices across the emirate currently stand 19.9% higher than the same time last year, “evidenced by the surge in property transactions throughout 2024.” In Q3 2024, the number of transactions reached 47,269, the highest quarterly figure on record, Knight Frank said, indicating a 41.8% increase compared to the same period in 2023. The total value of deals between January and September 2024 exceeded 306.3 billion UAE dirhams ($83.4 billion), with a 36% increase over the same period in 2023. In Q3 alone, sales…

Abu Dhabi's biggest developer Aldar Properties has acquired a commercial tower in Dubai’s key financial district for 2.3 billion dirhams ($626 million), in one of the largest such acquisitions.   The tower is being acquired from Dubai developer H&H Development, which has built projects in DIFC, including the Four Seasons Hotel Dubai International Financial Centre. The project, with 40 floors of commercial and retail space, is set for completion in 2028. Aldar, 25%-owned by Mubadala and 26% by International Holding Company, reported nine-month 2024 net profit of AED 4.6 billion, up 52% year-on-year. The developer has projects across the UAE, Egypt and London. H&H Development, founded in 2007, is a Dubai-based developer, asset manager, and investor in the…

UAE - ONE Development, a boutique real estate developer with offices in Abu Dhabi and Dubai, has announced the complete sell-out of Phase One of its flagship project, Laguna Residence, within less than a month of its launch. The milestone reflects strong investor confidence in Dubai’s real estate market and the innovative appeal of the project. Located in the heart of Dubai’s City of Arabia, Laguna Residence is the UAE’s first AI-integrated residential community. The development features the region’s first sandy beach lagoon on a podium surrounded by landscaped greenery. The project offers a variety of units, including studios, three-bedroom apartments, duplexes, and ‘Skyhomes’, all with panoramic views of the Dubai skyline. Residents will…

Saeed Tarrad Development, a Dubai-based real estate developer, announced the launch of the Mackerel Tower, their latest pioneering project, to set a new standard for luxury living style.  The project, in the Dubai Islands, will be built in a strategic location in one of the most attractive destinations for real estate investment in the Emirate of Dubai. Mackerel offers a wide and unique range, as it is the first project in Dubai to include a 600-meter indoor jogging track, in addition to a variety of luxury services and facilities, such as health clubs, swimming pools, and children's play areas.   Ninety per cent of the units in Mackerel, which enjoys panoramic views of the Arabian Gulf, has been sold out shortly after its launch, as the Dubai Islands area is an attractive…

DUBAI: Dubai South Properties has announced the sell out of South Living Tower, its luxury apartment development at The Residential District in Dubai South. Construction for the project is already underway, following the appointment of the main contractor in September. Expected to be completed by Q1 2027, the project will feature 209 spacious units, including studios, 1-, 2-, and 3-bedroom apartments, as well as special-terraced units, offering a mix of indoor and outdoor living experiences. Project amenities include a swimming pool and deck area, state-of-the-art gymnasium, sauna, a versatile multi-purpose room, a kids’ library, a yoga deck, BBQ area, gazebo seating area, and artistically landscaped elevated gardens offering an oasis of comfort and luxury. Nabil Al Kindi, CEO of…

UAE-based Almal Real Estate Development said it has completed work on the first residential unit within its exclusive luxury villa collection, Harrisoni La Mer in Jumeirah, Dubai. Nestled in the Jumeirah 1 neighbourhood on La Mer South, the Harrisoni La Mer Villas by Almal Real Estate Development epitomise oceanfront opulence, creating a new level of privacy, comfort, and pure indulgence, said the Emirati developer in a statement. Set within La Mer Maison, a private gated community just 100m from Dubai shoreline, each of these fully furnished five-bedroom villas boasts two service bedrooms, thus redefine luxury living. Designed by XBD Collective, each villa is inspired by Miami-style architecture, embodying the essence of a serene, sun-drenched lifestyle, with hints of Arabic…

The Real Estate Regulatory Authority (Aqarat), has announced the commencement of the initial registration for real estate developers involved in the sale of off-plan projects, in accordance with the provisions of Law No.(6) of 2014 regarding real estate development.The Authority invited real estate developers, whether individuals or corporate entities, to complete the real estate developer registration form, including details of current off-plan property sales projects, within (60 days) starting from November 24, 2024.For details, one may contact the official email of the Real Estate Regulatory Authority- 00974-77889950

UAE-based Azizi Developments has unveiled Monaco Mansions, a premium waterside living project featuring 109 residential units along with several key amenities, within its mixed-use development Azizi Venice, located in Dubai South. Announcing the launch, Azizi said Monaco Mansions offer a unique blend of exclusivity and sophistication, delivering an immersive and picturesque waterfront scenery meticulously designed for engagement, entertainment, and inspiration. The residences are available in eight distinct architectural styles - ranging from royal classic to modern - and are crafted to embody the highest standards of personalization, thus marking a new chapter in ultra-luxury mansion living. With plot sizes ranging from 10,000 to 20,000 sq ft, each mansion has 6 to 8 bedrooms and is…

UAE-based group K-Mavins has announced that it has successfully handed over its luxurious residential project, Terrases Marassi Drive, located in Dubai's Business Bay. An AED400 million ($109 million) project, Terrases Marassi Drive features a range of unique amenities developed with the highest standards of quality and luxury in addition to the stunning views of Dubai Canal and Burj Khalifa. These include private pools, a fully equipped fitness centre, oxygen rooms, Himalayan salt rooms and ice rooms. Speaking on the occasion, K-Mavins Group Chairman Munther Al Ali said its investments in the UAE have reached nearly AED1 billion ($272 million) over the past three years, reflecting the increasing confidence in Dubai's real estate market. "Dubai’s real estate market has…