Real Estate

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

UDC to spotlight latest residential, commercial projects at Cityscape Qatar 2024

Developer's primary focus will be on Gewan Island, Qatar’s latest icon of luxury and sustainable living

Dubai’s Union Properties launches $545 million ‘Takaya’ development in Motor City

Over the last three quarters, Motor City has experienced a sharp rise in real estate transactions and a notable acceleration of market momentum

Aldar, Expo City Dubai plan $480 million mixed-use development near Al Maktoum airport

Aldar and Expo City Dubai have established a 50-50 joint venture to deliver and own the development

ADGM enhances real property, off-plan development regulations, launches new platform

The new regulatory framework and the digital platform aim to support the growth and innovation in the real estate sector

Building resilience for growth: The role of insurance in Saudi Arabia’s historic construction boom

Combining traditional products and alternative risk transfer mechanisms with proactive risk management strategies is key to a thriving construction business

Dubai Land Department launches second phase of real estate brokers program

The program aims to increase the percentage of Emirati brokers from 5 percent to 15 percent over the next three years

Dubai’s real estate revenues surpass U.K.’s in 2023: Emaar’s Mohamed Alabbar

Dubai Land Department launches second phase of the Dubai Real Estate Brokers Program

Abu Dhabi’s Modon Holding, U.K. Candy Capital announce JV partnership in ultra-luxury real estate

The joint venture will deliver upscale residential, commercial, and hospitality projects

SAMANA Developers targets 400 percent sales growth in 2024

The company has honoured 20 agencies for their outstanding performance, dedication, and valuable contributions to its success

Amaal 8: Luxury 48-story residential development launched in Dubai’s Meydan Horizon

Tower features luxurious Infinity Collection residences on the upper floors, each boasting superior quality finishes

Qatar sees 303 real estate sales worth $390 million in September 2024

Al Rayyan, Al Wakrah, Doha and Al Dhaayen topped the list of the most active transactions in terms of financial value

Reef Luxury Developments launches in UAE with unique temperature-controlled sunken balconies

The company has acquired a substantial land bank that will bring 5,000 residential units to Dubai

Abu Dhabi sets new mortgage records in Q3 with $3.67 billion in 2,594 transactions 

This represents the highest quarterly volume seen in recent years

DAMAC Properties strengthens commitment to sustainability at DEWA’s WETEX 2024 with innovative solutions

DAMAC launched its first Sustainability Report which highlights the organisation’s key ESG goals and vision

Azizi Developments to set up 12 factories in Abu Dhabi’s KEZAD for $272 million

The construction of the proposed facilities will ensure speed of build for materials required for the region’s burgeoning housing sector

Sharjah’s Alef Group launches $680 million Olfah residential project

One of Olfah’s most distinctive features is Sharjah's largest private community park, located on an elevated podium spanning over 26,000 square meters

Abu Dhabi reports new record GDP of $80.86 billion, 4.1 percent increase in Q2 2024

This growth is driven by the development of non-oil sectors, showcasing the emirate's economic diversification efforts