• Deyaar to build a Dh1.1 billion tower at Dubai Maritime City

    Staff Report Dubai Deyaar Development PJSC, a leading Dubai property developer, has unveiled Mar Casa, a 52-storeyed residential tower that will be built in Dubai Maritime City with a development value in excess of Dh1.1 billion. A residential destination at Dubai Maritime City where heritage meets modernity, Mar Casa is perfectly connected to the old […]

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  • Jubail Island starts handing over plots to owners at the Dh12 billion project

    Jubail Island, the Dh12 billion master-planned island development off the Abu Dhabi city, that has more than 30 kilometres of pristine beach handed over the first of 112 residential plots on the island to owners for the development of luxury villas. Jubail Island masterplan was first announced in 2020. The master plan includes several world-class […]

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  • Q Holding and ORA to develop mixed-use smart township in Ghantoot

    Abu Dhabi-based Q Holding and ORA Real Estate Development Group, owned by Egyptian tycoon Naguib Sawiris, have announced a partnership agreement to develop a mixed-use master-planned smart and sustainable city in the Ghantoot region of Abu Dhabi, UAE, that will span over 20 million square meters and provide the community with residential, hotel, cultural, commercial, […]

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  • Naresco Contracting bags main construction contract for the Dh475 million Skyz Tower from Danube Properties

    Dubai, UAE Naresco Contracting LLC has won the main construction contract for the development and delivery of the Dh475 million Skyz Tower at Arjan in Dubai. Skyz will be developed at an 67,837.39 square feet plot of land at Arjan, close to the Miracle Garden with easy access to Mohammed Bin Zayed Highway. The tower overlooks Miracle Garden, […]

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  • Azizi Developments to deliver 42 projects comprising 8,895 units in 2022

    Dubai, UAE: Dubai-based property developer Azizi Developments, said it will deliver 42 projects comprising 8,895 units in 2022, that will rebalance the residential property market where prices have been appreciating since the beginning of 2021. The developer reported a 44 percent increase in sales of its premium off-plan, completed, and soon-to-be-completed residential and commercial developments throughout […]

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  • Dubai records US$1.1 billion worth of property transactions in a week

    Dubai, UAE: The total value of 1,562 real estate transactions reached US1.1 billion (Dh4.1 billion) in Dubai in a week starting May 16-May 20, 2021, according to Dubai Land Department, land and property registry of the Government of Dubai. As many as 120 plots were sold for Dh874.43 million, 1,038 apartments and villas were sold […]

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  • Modon Properties awards $525m contracts for Riyadh City South

    Abu Dhabi, UAE Modon Properties, a UAE-based developer, owned by Abu Dhabi-based ADQ, has awarded the infrastructure contracts for phases three and four of Riyadh City South worth Dh1.93 billion ($525 million), in partnership with the Abu Dhabi Housing Authority. The new city is 30 kilometres away from the island of Abu Dhabi. This latest contract completes the awarding of […]

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  • Danube Properties launches Dh400 million Olivz, the first project announcement in Dubai in 2020

    Staff Report Danube Properties, the UAE-based affordable housing pioneer and one of the most dynamic and popular private real estate developers in the UAE, has launched Olivz, a master-planned cluster of buildings offering 741 residential units and a number of retail and recreational facilities with a development value exceeding Dh400 million. The project will be developed in Al […]

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  • 71,000 new homes to drive UAE property prices further down

    Dubai, UAE, Property prices in the UAE continue to soften despite showing signs of improvement in 2019, according to a latest report by Knight Frank. As many as 71,000 new homes are set to be delivered in 2020, which will put further pressure on prices and rents, the report says. “Residential sales prices in Abu […]

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  • UAE-based IBC Group to acquire 10,000 holiday homes worth US$5 billion in Dubai

    Berkshire Hathaway HomeServices Gulf Properties mandated to execute transactions exclusively UAE-based IBC Group said, it intends to acquire 10,000 premier properties in Dubai, worth US$5 billion (Dh18.3 billion), to furnish and manage as holiday homes. It has contracted Berkshire Hathaway HomeServices Gulf Properties (BHHS Real Estate Broker LLC Gulf Properties) on an exclusive basis to […]

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