• Arada records Dh2.41 billion in sales in 2021 and plans to deliver 4,000 homes in 2022

    Dubai: Sharjah-based property developer Arada reported a 38 percent growth in sales value to Dh2.41 billion in 2021, compared to the previous year.The company has sold 2,488 homes in 2021, a 6 percent increase on the year before, as buyers continued to invest in higher-value apartments and villas. Prince Khaled bin Alwaleed bin Talal, Vice Chairman […]

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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’s 131,358 buildings come under 5-star classification

    Dubai Government has completed the star-rating of 131,358 existing buildings, ranking them from 1-star to 4-star and a 4 Plus-star in order to create a comprehensive database of all the assets and benchmarking them based on certain quality criteria. The total number of buildings in Dubai reached 131,358 including 102,523 villas and 28,835 buildings in […]

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  • Marjan announces the opening of Dh450 million 515-room Hampton Hotel at Marjan Island

    Marjan, a leading freehold property developer in Ras Al Khaimah, said, it has opened the largest Hampton branded hotel at its flagship Marjan Island, called Hamption by Hilton Marjan Island adding 515 rooms to Ras Al Khaimah’s growing tourism industry. The project, valued at Dh450 million (US$122.5 million) is the first property by the hotel […]

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  • Arada awards first contracts for the US$2.2 billion Masaar upscale forested community in Sharjah

    Dubai, UAE: Parsons andASGC Construction win two contracts for the Dh8 billion (US$2.2 billion) mega community that will be spread across 19 million square foot and host 4,000 villas at Masaar from master developer Arada, the developer said in a statement. Arada has awarded the first two contracts for Masaar, the 19 million square foot mega […]

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  • Nakheel sells Dh800 million worth of villas in a record four hours

    Dubai, UAE Dubai-based master developer Nakheel said, it has sold Dh800 million worth of villas in a record four hours, “with investors clamouring to snap up new villas” at its new Murooj Al Furjan community. “Phase one, comprising 217 four- and five-bedroom homes released on Thursday, May 20, is sold out,” a Nakheel statement said. […]

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  • Nakheel launches 418 new homes with development value exceeding Dh1.24 billion

    Dubai, UAE Nakheel, the master developer of the world’s first palm-shaped man-made islands off the coast of Dubai, said, it will develop Murooj Al Furjan, a residential community of 418 villas at Al Furjan, one of its largest, most popular mixed-use developments in Dubai. Prices of villas start from US$790,000 (Dh2.9 million) apiece. The announcement […]

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  • Sobha Realty sells out US$2 billion worth of properties within Sohba Hartland

    Developer launches Dh750 million Waves at The Waterfront District in Sobha Hartland Dubai-UAE Sobha Realty, a premium real estate developer, has sold out US$2 billion worth of properties and built US$1.33 billion worth of properties within the US$4 billion Sobha Hartland, the eight million square feet freehold master development at the tip of Dubai’s Mohammed […]

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