Dubai records over $326.71mln in realty transactions Tuesday
Dubai real estate market recorded 385 sales transactions worth AED936.65 million, in addition to 98 mortgage deals of AED186.25 million, and 41 gift deals amounting to AED131.82 million on Tuesday, data released by the Dubai’s Land Department (DLD) showed. The sales included 358 villas and apartments worth AED691.86 million, and 27 land plots worth AED244.79 […]
Union Properties launches $436mln new project in Dubai Motor City
Financially troubled Dubai developer Union Properties, which completed a debt restructuring earlier this year, has launched a new project valued at around 1.6 billion dirhams ($436 million), its first new launch since 2015. The mixed-use development called Takaya will be located in Dubai Motor City, it said in a statement on Tuesday. Construction is expected […]
Dubai records over $490mln in realty transactions on Monday
Dubai real estate market recorded 482 sales transactions worth AED1.19 billion, in addition 136 mortgage deals of AED580.36 million, and 14 gift deals amounting to AED38.09 million on Monday, data released by the Dubai’s Land Department (DLD) showed. The sales included 391 villas and apartments worth AED800.36 million, and 91 land plots worth AED391.95 […]
Dubai launches new guide for real estate brokerage units
The Real Estate Regulatory Agency (Rera), the regulatory arm of Dubai Land Department (DLD) has launched a new guide to educate real estate brokers on relevant procedures and raise their professional competence. The ‘Real Estate Brokerage Practice Guide’ was released at the recent Cityscape Dubai 2022 expo held in strategic partnership with DLD at the […]
Arada launches 566 woodland villas within Sharjah megaproject
UAE developer Arada has announced the launch of the fourth phase of its mega woodland community development – Masaar – in Sharjah. Azalea features a total of 566 homes ranging from two-bed townhouses to six-bed villa units. Annoucing the project launch, Arada said the release of Azalea was brought forward due to the rapid sell-out […]
Abu Dhabi’s Eshraq Investment sells land on Reem Island for $34mln
Abu Dhabi-based Eshraq Investments has entered into a sale & purchase agreement (SPA) with Reportage Properties for the sale of plot of land on Al Reem Island for AED126.6 million ($34.5 million) as part of plans to monetize its land banks. Under the terms of the deal, Reportage Properties will use the plot for a […]
Beverly Hills Drive launched at Damac Hills
Damac Properties has announced the launch of Beverly Hills Drive — a luxurious collection of high-end 6-bedroom mansions within the exclusive Trump Estates cluster in Damac Hills. Residents seeking lavish spaces will be thrilled with these 3-storey mansions offering expansive separate formal/informal living and dining spaces, set within a private lush garden surrounding the […]
Imkan launches Phase Two of key Abu Dhabi residential community
Abu Dhabi-based Imkan Properties has launched the second phase of AlJurf Gardens, a well-designed residential community development within the 370-hectare AlJurf masterplan. Located in Ghantoot, between Abu Dhabi and Dubai, AlJurf will introduce a new concept of community living for those who seek sanctuary from a fast-paced city life, said the developer. The master-planned development […]
Dubai: Issue involving Emaar CEO in India now solved, says spokesperson
Dubai’s Emaar Properties is aware of a media report that its Group Chief Executive Amit Jain has been detained in India, a spokesperson for the company said on Saturday. “Emaar is aware of reports regarding the Group CEO Amit Jain, over an issue relating to the company’s work in India. The issue has now been […]
Masdar City starts work on key net-zero energy office tower
Masdar City, a world-class technology and innovation hub and a pioneering sustainable community in Abu Dhabi, along with its consulting partners Woods Bagot and Faithful+Gould, has advanced its contribution to the UAE Net-Zero by 2050 Strategy with the groundbreaking ceremony of its latest development – the Masdar City Square (MC2). Faithful+Gould, a member of the […]