ROI

Dubai real estate developer Object One is ending the year with remarkable growth after seeing sales value grow by 913% and sales volume up by over one thousand percent in 2023. Unprecedented Milestones and Market Expansion Object1 is making waves in Dubai's thriving real estate market with remarkable growth and has achieved unprecedented milestones. Object 1 has launched nine high-quality projects and...

With more than 3,100 units sold from the newly opened DAMAC Islands complex in just ten hours, DAMAC Properties reported record-breaking sales of over AED 10 billion. Star-Studded Marketing Campaign Launched in November, the initiative featured a high-profile marketing campaign featuring internationally recognized celebrities such as Lebanese actress Nadine Njeim, boxing champion Amir Khan, Sara Ali...

Emaar Properties has announced it will distribute 100% of its share capital as dividends for 2024, amounting to AED8.8bn ($2.4bn), reinforcing its commitment to delivering exceptional value to shareholders. Dividend Increase and Financial Performance This is a 100% increase in dividend paid for 2023 of AED4.4bn ($1.2bn). This noteworthy milestone demonstrates Emaar's strong financial performance and...

Damac Properties said on Thursday that it sold over Dh10 billion worth of properties in less than 10 hours, ending 2024 on a very high note for the most significant private developer in Dubai and giving strong confidence to investors about next year. Project Details: Damac Islands The developer sold 3,100 Damac Islands units, which were launched last month. Islands, the developer's sixth master...

Sharjah's real estate sector has recorded a high volume of real estate transactions during November 2024, reaching AED4bn ($1.1bn), with 4,606 transactions covering 20.4 million square feet. With these impressive figures and the guidance of astute leadership, Sharjah maintains its heritage character, which blends authenticity and modernity, while solidifying its status as a major real estate hub and one...

By Q4 2027, AQUA Properties' $129 million residential construction, The Community Sports Arena, will revolutionize urban life in Dubai Sports City. With 396 apartments spread across 22 stories and 66,000 square feet, the property is designed for contemporary professionals and includes apartments with dedicated home offices. The development will feature over 15 amenities, including a rooftop pool with...

Introduction: Dubai's Innovative Real Estate Strategy 3D-printing technology could support Dubai's ambitious real estate and construction targets. In line with the Dubai Real Estate Strategy 2033 objectives, which aim to strengthen the city's position as a global hub for real estate investment, The 3DXB Group underlines its dedication to offering creative solutions that propel sustainability and technical...

The Dubai International Financial Court (DIFC) revised the Application Law, periodically called the Application of Civil and Commercial Laws in DIFC. The financial center also said it would amend the DIFC Real Property Law and Regulations. These include a new mortgage registration fee of 0.25% of the value of the mortgage being registered by a purchaser of real property. Extended Registration Period To...

The Luxe Developers has launched La Mazzoni, an AED2.3 billion real estate development on Al Marjan Island in Ras Al Khaimah. Project Details and Design With pricing starting at AED 1.9 million, the property offers completely furnished residential options ranging from flats to penthouses. Designed by Dewan Architects + Engineers, the development spans over 1.5 million square feet and draws inspiration...

Real estate developer Expo City Dubai has unveiled phase two of its Sidr Residences apartment development following the success of the first tranche. Units across all its residential projects have sold out fast. Continued Construction and New Contractor Appointment Construction across the city's residential projects is continuing at pace. Expo City Dubai also announced the appointment of ABR Al...

Dubai-based AMIS Development has signed a Memorandum of Understanding (MOU) to secure up to AED5bn ($1.4bn) in funding from Singaporean investment fund First APAC Fund VCC (Fund). The cooperation reflects the Fund's faith in Dubai's real estate market and AMIS Development's track record of producing high-end luxury developments. Customers, investors, and partners have already expressed interest in...

The Dubai Real Estate Corporation (DREC) and its subsidiary, Wasl Group, reported a 28% growth in revenues for the first 10 months of this year compared to the same period in 2023. Strategic Vision and Portfolio Through its innovative real estate projects, Wasl Group aims to support the goals of the Dubai Economic Agenda D33 to double the city's economy and transform it into one of the world's top three...

Development of real estate in Dubai According to Keturah, sales of Keturah Reserve and The Ritz-Carlton Residences, Creekside, Dubai, totaled AED6.1 billion ($1.7 billion) in 2024. At Keturah Reserve, the luxury residential development in Meydan, all townhouses have been sold, while 60% of residences and 93% of plots were sold respectively. In 2025, the company will launch 26 luxury villas for...

New Launch Announcement Expo City Dubai has launched the first phase of Sidr Residences, a new three-tower development of one- to four-bedroom apartments priced from AED1.88m ($512,000) and ready to move in by 2027. Project Background After Mangrove Residences and Sky Residences sold out earlier this year, Expo City's third residential apartment complex, Sidr Residences, gives prospective homeowners and...

Industry players predict that 2025 will be another excellent year for investors and house owners in Dubai. Rentals are predicted to see an average jump of 18% for short-term and upwards of 13% for long-term leases. The anticipated increase in rentals next year is attributed to the ongoing boom in professionals from all over the world relocating to Dubai for jobs and lifestyle, as well as the emirate's...

According to the latest data from the Land Department, the Dubai real estate sector achieved AED16.92bn ($4.6bn) in transactions last week. According to Land Department data, sales dominated the figures, with AED10.59bn ($2.9bn). In total, there were 3,772 sales transactions recorded between October 28 and November 1. Dubai real estate this week Among the top sales transactions listed on the Land...

A record number of apartments are anticipated to be handed over in the final quarter of this year, indicating that Abu Dhabi's secondary real estate market is poised to flourish, according to Metropolitan Capital Real Estate (MCRE). According to MCRE, leading developers are anticipated to produce up to 4,000 villas and townhouses in Q4 2024, with Yas Island alone making about 40% of all units available...

Project Announcement The AED206 million ($56 million) Serenova in Silicon Oasis is the first project of new Dubai real estate developer P.O.B1 Properties. Serenova, the recently formed real estate development subsidiary of Saif Al Ghurair Real Estate Group (SAGRE), aims to provide sustainability and long-term value in real estate investment while meeting the increasing need for urban convenience in...

With a total investment of AED 250 million ($68.1 million), Dubai real estate developer Jad Global Real Estate Development has announced the groundbreaking of its latest project, "171 Garden Heights." The project is part of an AED1 billion ($272 million) planned investment in the area and is situated within the Meraas-led Jumeirah Garden City development. There are 171 wholly furnished residential...

A Marvel of Slender Design The Muraba Veil, Dubai's newest architectural marvel, will draw notice due to its skinny shape rather than its towering height. Standing 380 meters tall and only one unit wide, this skyscraper will be among the thinnest ever constructed. Prime Location This remarkable 22.5-meter-wide tower, which challenges traditional skyscraper aesthetics and makes a powerful statement in...