• Arada awards Dh180 million contract to build The Boulevard at Sharjah megaproject Aljada

    Sharjah, UAE: Arada, a Sharjah-based master developer of communities, said, it has awarded the construction contract to build The Boulevard, an upscale residential complex at its Sharjah mega-community Aljada. Located in the edge of the ultra-contemporary East Village district of Aljada, The Boulevard comprises three apartment blocks, featuring a wealth of amenities and surrounded by lush […]

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  • Real estate transactions value reached Dh5.1 billion in a week in Dubai

    Dubai: The total value of real estate transactions in Dubai reached Dh5.1 billion in the week ending 08 April 2021. The number of transactions reached 1,379. As many as 89 plots were sold for Dh512.58 million, 874 apartments and villas were sold for Dh2.35 billion. The top three transactions were a land in Saih Shuaib […]

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  • Damac reports Dh1.03 billion net loss in 2021

    Dubai, UAE Damac Properties, one of the largest private sector real estate developers in the UAE, recorded Dh1.03 billion loss in 2020, a massive jump from Dh37 million net loss recorded in 2019, despite collecting Dh4.7 billion revenue last year compared to Dh4.4 billion in 2019. Booked sales for the period also nosedived to Dh2.3 […]

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  • Arada delivers 255 new homes in Dh24 billion Aljada megaproject

    Sharjah, UAE Sharjah-based master property developerArada said, it has completed 255 new homes within its flagship mixed-use master-planned community, Aljada, the Dh24 billion megaproject in Sharjah. The handover process for the first four Areej Apartments buildings, amounting to 255 units in total, has now begun as the Sharjah developer continues its aggressive delivery plan for […]

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  • Vincitore Realty launches largest outdoor retail experience to create a new Downtown at Dubailand

    Vincitore Realty is redefining the boutique retail experience in Dubailand with its latest offering – The Promenade at the Vincitore Boulevard near Miracle Gardens at Arjan in Dubailand – that is going to offer a completely new outdoor retail experience and attract visitors to the neighbourhood News Highlights: Vincitore Realty launches The Promenade, one of […]

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  • Real estate prices at The Heart of Europe leap as handover of properties begins this month

    Dubai, UAE, December 21, 2020 – The developers creating The Heart of Europe – the US$5 billion (Dh18.3 billion) prime hospitality and second home mega-project off the coast of Dubai – have revealed a strategic rise in the price of their fast-emerging properties to match other world-class real estate. Investors set to realise a fourfold increase […]

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  • Nakheel appoints Naaman Atallah as CEO

    Dubai, UAE Nakheel, one of the UAE’s largest real estate builder and master developer of the Palm Island, International City and Jumeirah Islands, has appointed former Emaar and Dubai Properties official as Chief Executive Officer.   Atallah has more than 25 years’ experience in the real estate sector in the Middle East and India, through key […]

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  • Real estate deals in Dubai reach Dh3.3 billion in a week

    Dubai, UAE The total value of 1,141 real estate transactions reached Dh3.3 billion in the week ending November 19, 2020, according to Dubai Land Department, the emirate’s land and property registry. As many as 64 plots were sold for Dh308.39 million, 785 apartments and villas were sold for Dh1.41 billion. The top three transactions were […]

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  • Dubai climbs 3 ranks to 36 in Global Real Estate Transparency Index

    Dubai, UAE Dubai’s real estate sector climbs 3 ranks to 36 in Global Real Estate Transparency Index 2020 and the top raking in the Middle East, issued annually by Jones Lang LaSalle, the global real estate advisory. Real estate sector’s contribution to Dubai’s Dh407 billion Gross Domestic Products (GDP) reached Dh29.4 billion or 7.2 percent […]

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  • US construction and real estate activities drop 14.8% to US$3.83 billion in August 2020

    Gulf Property Exclusive Dubai The total value of the deals in construction and real estate sector in the United States declined 14.8 percent to US$3.83 billion (Dh14 billion) in August 2020, when compared with the last 12-month average, according to GlobalData, that tracks such deals worldwide. The US construction industry is expected to contract by 6.5 […]

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