Real Estate

Aldar completes redevelopment of Al Hamra Mall in Ras Al Khaimah

The project is part of Aldar's $272.25 million investment initiative in significant retail locations

Record population growth, falling interest rates boost Dubai property market

The volume of off-plan property registrations in Dubai reached an all-time high, with 32,968 transactions in Q3

Abu Dhabi’s luxury real estate market thrives in Q3 2024

Al Reem Island, Yas Island and Al Raha Beach have consistently ranked among the most popular luxury areas for apartments in Abu Dhabi

Villa on Dubai’s Palm Jumeirah sells for $35.4 million

With a plot area exceeding 17,000 square feet, the villa offers a host of amenities such as a cinema room, indoor and outdoor pools, gym, steam room, among others

Arada introduces $1.36 billion W Residences project at Dubai Harbour, featuring over 400 apartments for sale

This project features a selection of amenities and is situated in one of Dubai’s most sought-after districts

PRYPCO secures $10 million in seed funding led by Shorooq Partners

The seed funding will help PRYPCO scale its operations and expand its offerings

Dubai sets new all-time record in real estate transactions in September: Report

Dubai's real estate market to record a 30 percent year-on-year growth this year

Dubai Holding Asset Management rebrands residential portfolio to ‘Dubai Residential’

This change follows Nakheel and Meydan's integration into Dubai Holding, expanding Dubai Residential’s offerings 

Modon sells out phase one of Maysan project on Reem Island within hours

The overall design of the over-600,000-square-meter project is inspired by boutique-style inside/outside living

Saudi Arabia’s PIF launches Sarcc to meet growing staff accommodation demand

Company will foster the Saudi private sector by enabling long-term investment and partnership along the industry's value chain

TECOM Group acquires Office Park in Dubai Internet City for $196 million

Currently generating annual revenue exceeding AED60 million, TECOM Group will recognize this income starting Q4 2024

Key trends shaping Abu Dhabi’s property market in Q3 2024

Al Reef, Al Ghadeer, and Masdar City emerged as key locations among those looking to purchase affordable apartments in Abu Dhabi

Dubai real estate trends: Most popular areas to buy and rent property in Q3 2024

Dubai recorded an 11.19 percent increase in total sales transaction volume compared to Q2 2024

DLD, Dubai Courts, Digital Dubai to develop centralized platform for real estate auction information

Agreement also includes launching awareness campaigns about auctions, and offering incentives to attract and encourage companies to participate in them

Gitex Global 2024: Sharjah Digital Department launches integrated real estate platform for multi-channel access

"Aqari" digitizes real estate transactions to boost transparency and economic growth in Sharjah with a centralized database

Nakheel awards $1.36 billion in contracts for luxury villa construction on Palm Jebel Ali

Luxury villas feature expansive built-up areas ranging from 8,000 to 15,000 square feet

Gitex Global 2024: FTA, Dubai Land Department to enhance tax compliance for real estate, commercial land sales

The initiative seeks to streamline tax compliance by collecting VAT on real estate and land transactions

RAK Properties collaborates with Commercial Bank of Dubai on $544.5 million financing agreement

The funding will support RAK Properties' projects, including luxury hotels and residential communities in Mina Al Arab

Mohammed Bin Rashid Housing Establishment selects Oracle Cloud to boost Dubai’s housing strategy

Migration to Oracle Cloud Infrastructure will enable MBRHE to scale programs and services, boost performance, and reduce costs

Gitex Global 2024: DLD launches Dubai Market Intelligence Dashboard

The dashboard provides a comprehensive overview of all real estate listings online, whether for sale or rent

Aldar, Mubadala break ground on One Maryah Place

Project will deliver approximately 98,000 square meters of grade-A office space across two connected towers

Oman real estate deals rise 5.4 percent to $5 billion by August 2024

The traded value of real estate sales contracts in Oman reached OMR716.1 million by end of August 2024

DAMAC reveals new nature-centric community, DAMAC Sun City in Dubai

The community is DAMAC’s fifth master development, and the second one launched in six months of this year