Real Estate

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

OMNIYAT launches $1.9 billion mixed-use project The Alba on Dubai’s Palm Jumeirah

The Alba is the first mixed-use garden retreat by the sea in the world designed by Zaha Hadid Architects

Dubai: IHG inks agreement to launch world’s tallest all-hotel tower next year

The First Group announced that Ciel, the world's tallest all-hotel tower, will be the latest addition to IHG’s Vignette Collection Portfolio

IHG, Aldar to turn six Yas Island hotels into luxury resort

Straylight Yas, Vignette Collection will open in Q4 2025 on Yas Island

Off-plan villa on Dubai’s Jumeira Bay Island sells for $34 million

This transaction is the buyer’s first investment in the UAE

Property developer Arada concludes $150 million tap of existing $400 million sukuk issuance

Arada's latest tap falls under the ongoing $1 billion Sukuk program

Abu Dhabi’s Jubail Island awards $108.9 million construction contract for Jubail Town Centre

The contract covers four office buildings and two residential structures—Jubail Terraces 7 and 8 

Sharjah’s Arada completes phases 2 and 3 of Masaar: 986 homes handover begins in 19 million square foot masterplan

Masaar, organized into six gated districts, encompasses a total of 3,000 villas and townhouses 

Alef Group launches Samr 1 neighborhood in $953 million Hayyan development, Sharjah

New residential development consists of 180 units including townhouses and standalone villas

Shurooq showcases premier projects at SIF 2024: A preview of Ajwan Khorfakkan, Maryam Island, and more 

The Sharjah Sustainable City development nearly sold out with over AED2.5 billion in sales

SIF 2024: 100 foreign nationalities invested in Sharjah’s real estate sector during H1 2024

The number of properties traded by foreign investors in Sharjah's real estate sector during the first half of this year reached 5,914

Sobha Group launches energy solutions vertical for cooling services

The infrastructure is designed to support around 14,000 apartments within Sobha Realty’s developments by 2027

Abu Dhabi’s Mubadala, Aldar partner to develop and manage over $8 billion in real estate assets

Mubadala and Aldar are also seeking to develop an AED5 billion Grade A industrial logistics park in Al Falah

Sheikh Mohammed bin Rashid reviews cultural district project in Dubai South

The cultural district in Dubai South features an impressive selection of venues aimed at enriching the emirate's artistic scene

Apartment in Dubai’s ‘One Canal’ project sells for $16.3 million

Sales underscores continued growth of Dubai’s ultra-luxury real estate market

Dubai’s Meraas awards $231.4 million construction contract for Bvlgari Lighthouse on Jumeira Bay Island

The luxury project is expected to be completed by the second quarter of 2027 

Dubai real estate guide: Resale market trends, opportunities and popular areas to look out for

Jumeirah Islands, Mohammed bin Rashid City and Dubai South emerged as some of the most highly sought-after locations

Cityscape Global 2024: Discover the Future of Living in Saudi Arabia

This year’s edition will see the premier real estate event introduce new halls and features

UAE’s Ajman real estate transactions surpass $427.4 million in August 2024

The trading volume in the emirate reached AED950 million from 1,005 individual transactions