Peak Summit Development announces the second phase of its highly demanded The Orchard Place, a Luxury European inspired residential community in the heart of Jumeirah Village Circle, Dubai, following the complete sale of units in Tower A and B.     Demand for the units was driven by the well-appointed living spaces, attention to detail and contemporary finishings, as well as the prime location of the community.   The 20-storey Tower C will have 193 units including studios, one-, two-, three- and luxurious two-storey penthouses and townhouses with spacious terraces and private swimming pools, with units boasting a ceiling height of 3.5m.   Peak Summit Development said the project is set for handover in the fourth quarter of 2026.   "Following the success…

   Driven Properties has once again demonstrated its market dominance with a new record-breaking transaction, this time for the most expensive villa ever sold on Jumeira Bay Island. Part of the prestigious Sea Mirror project, an exclusive seafront community of architectural masterpieces designed by celebrated firm Jacobsen Arquitetura, the villa was sold by Driven Properties' star agents Lina Allaoa and Kianoush Darban for AED 175 million. Set on a 15,000 sq ft plot with a built-up area of 17,500 sq ft, it boasts five opulent bedrooms, a 25m lap pool in the basement, a state-of-the-art gym, a spa, sauna and steam room, a wine cellar, a cigar room, and a magnificent rooftop terrace. Sea Mirror is Dubai-based Lamar Development’s signature project, a striking example of…

Azizi Developments, a leading private developer in the UAE, has partnered with Swiss brand Forbo for the gym floors of Azizi’s Beach Oasis, Vista, Pearl, and Amber projects, located in Dubai Studio City and Al Furjan. Forbo’s premium vinyl flooring will be supplied and installed by UAE-based Trent Building Materials LLC. Forbo Flooring Systems, headquartered in Switzerland, is a major global manufacturer of high-level, sustainable flooring solutions. Its product range includes linoleum, luxury vinyl tiles (LVT), vinyl sheet flooring, textile flooring, entrance systems, and safety flooring, catering to commercial and residential markets. Known for the flagship Marmoleum brand, Forbo emphasizes sustainability with many products being Cradle to Cradle Certified (C2C) and made…

The Astera, Interiors by Aston Martin’ proudly unveiled, an exquisite new beachfront development on Al Marjan Island, Ras Al Khaimah Aston Martin to design ultra-luxury interiors for the stunning property, marking its first real estate collaboration in the Middle East Project to be delivered by leading international developer Dar Global, as part of new partnership with British carmarker 4 June 2024, Dubai: Dar Global, the London-listed luxury international real estate developer today unveils ‘The Astera, Interiors by Aston Martin’¸ an exquisite new beachfront residential development bringing Aston Martin’s renown for ultra-luxury interior design to the highly desirable Al Marjan islands in Ras Al Khaimah, United Arab Emirates. With a total Gross…

Colife, a UAE-based smart-rental startup that operates as a full-cycle property management company, started the expansion into the Asian market, beginning with Hong Kong in May 2024. From the start Colife has been revolutionizing the rental market, providing seamless solutions for purchasing, managing, and renting properties in Dubai since 2022 and in Istanbul since 2023. Now, the firm has set its sights on expanding further into the Mena and Asia regions. These markets represent significant untapped potential for Colife's growth. By 2028, the group plans to establish a presence in 10 major cities, leveraging our innovative approach to redefine urban living and investment opportunities, said a statement from Colife. The launch was accomplished by a core team of three employees: a…

According to Bayut’s most recent analysis, apartments in Dubai Investments Park, Discovery Gardens, and Liwan provide the best rental returns of up to 11% for affordable property buyers. Dubai Sports City, Dubai Silicon Oasis, and Motor City have emerged as highly appealing options, offering up to 10% return on investment (RoI) based on projected apartment rental yields. Bayut’s first-quarter analyst revealed that Green Community, Al Sufouh, and Damac Hills provided more than 8% rental returns, exceeding benchmarks set by most global markets. All of these areas in Dubai have much higher rental yields than major cities such as London, New York, Hong Kong, Mumbai, and others, where rental returns typically range from four to seven percent. More importantly, prime property…

Since its rebranding in November last year, Tabeer Developments, has rapidly drawn out expansion plans. The company has allocated Dh1 billion in inventory to be launched in 2024.   Last week, the developer launched its new residential project Parkside Boulevard, an addition to Tabeer’s affordable luxury portfolio of upscale residential developments. The leadership team has recently broken ground for Parkside Boulevard which is coming up in Arjan in Q4 2026 and will be perfectly suited for family living.       Founded in 2014, Tabeer Developments today has a real estate portfolio that spans across thriving community areas like International City, Dubai Sports City, Arjan, JVC.   “We are in a new chapter in our real estate journey and immensely…

The Dubai real estate market continues to thrive, demonstrating substantial growth in rental activity. Provident Property Management, under the leadership of Youssef Rabah, has been at the forefront of this dynamic sector. Here are the key insights and trends observed so far in 2024. Apartments The apartment rental market in Dubai has seen impressive figures in 2024. Nearly 173,000 units have been rented, generating a total of AED 11.3 billion in rent. The average rent per square foot stands at AED 73. Notably, new contracts alone accounted for almost 66,000 units rented, contributing AED 5 billion in rent with an average rent of AED 86 per square foot. In comparison, by the end of May 2023, approximately 188,000 units had been rented, totaling AED 10.7 billion in rent, with an average…

UAE-based Acube Developments has announced the launch of Electra, a 38-floor residential tower in Jumeirah Village Circle (JVC), Dubai, which offers residents more than 50 amenities.     Inspired by the blue-white star in the constellation of Taurus, Electra will offer 278 luxurious apartments with a mix of studios, one- to three-bedroom units, all equipped with Bosch appliances and Roca sanitary ware with impeccable finishings and a beautifully crafted Italian kitchen.   Unveiling the project, Acube Developments said construction is set to begin in Q2 2024 and handover likely in Q2 2027.   All units are installed with the latest smart home solutions and come fully furnished with 3 furniture design options to choose from. The two-bedroom apartments will offer…

Colife, a UAE-based smart-rental startup that operates as a full-cycle property management company, started the expansion into the Asian market, beginning with Hong Kong in May 2024.     From the start Colife has been revolutionizing the rental market, providing seamless solutions for purchasing, managing, and renting properties in Dubai since 2022 and in Istanbul since 2023. Now, the firm has set its sights on expanding further into the Mena and Asia regions.   These markets represent significant untapped potential for Colife's growth. By 2028, the group plans to establish a presence in 10 major cities, leveraging our innovative approach to redefine urban living and investment opportunities, said a statement from Colife.   The launch was accomplished by a core…

Three developers in Dubai have been fined Dh500,000 each for promoting and marketing real estate projects without completing the mandatory registration procedures for off-plan projects.   The Dubai Land Department (DLD) did not name the developers, but said they had violated a law on real estate development escrow accounts.   A real estate escrow account is designated for a real estate project where the funds collected from buyers of off-plan units are deposited. This account aims to regulate the construction process of the units sold, ensuring the protection of investor rights.   Ali Abdullah Al Ali, director of the Real Estate Control Department, urged investors to verify that off-plan projects are licensed and registered with an escrow account. They can check this…

  Leading developer Wasl has announced the successful launch of its luxurious One B Tower, a 48-storey building in Dubai featuring a mix of one-, to five-bedroom apartments as well as duplexes, a penthouse and a range of premium amenities. This come as part of Dubai's One Billion Meals Endowment campaign.   Following its unveiling this week, Wasl said the project received an overwhelming response from the investors and all units within the first two phases got fully sold out. Now the developer has released Phase 3 to meet the increasing demand.   A luxury skyscraper, One B Tower boasts a striking design – including a podium with an elevated ceiling and towering column structures.   It also has state-of-the-art training equipment, gym areas and yoga spaces,…