Developer News

UAE  - Richmind, a premium developer specialising in ultra-niche real estate products and the flagship business vertical of Richmind Holding, has announced its entry into the UAE market with the unveiling of Oystra, a new residential concept on Al Marjan Island, Ras Al Khaimah. Oystra, designed by the world renowned Zaha Hadid Architects (ZHA), is set to become an architectural masterpiece and lifestyle destination in one of the UAE’s first entertainment and gaming destinations. Oystra is slated to be one of the most recognisable residences on the island this year, the developer said, adding it has a future project pipeline of over $1 billion. Oystra’s unveiling was celebrated at a high-profile event which was attended by stalwarts of the real estate industry,…

Imkan, a leading master developer based in Abu Dhabi, has announced the launch of Naseem AlJurf, the latest addition to its iconic AlJurf community spanning over a 90,580 sq m area along the Emirates Riviera in a serene coastal setting between Abu Dhabi and Dubai. Unveiling the project at an exclusive media event, Imkan said this new coastal lifestyle destination features 111 villas, 60 townhouses and eight apartment buildings as part of the expansive AlJurf masterplan. This comes following the successful sellout of its first phase, stated the Emirati developer.   Speaking on the occasion, CEO Engineer Suwaidan Al Dhaheri said: "With Naseem AlJurf, we have envisioned a sanctuary where tradition meets modernity. It reflects our commitment to placemaking and creating soulful…

In a groundbreaking move to prioritize client experience and functional design, Andalusia Real Estate Development announces its strategic partnership with Eng. Lana Halabi, esteemed architect, interior designer, and founder of LH Concept a boutique specialized studio in designing and customizing interiors and furniture, This collaboration positions Halabi as the official Interior & Lifestyle Consultant for Andalusias upcoming residential projects, commencing with the much-anticipated Bottega Nove Residences in Majan, Dubai. Recognizing the evolving needs of modern homeowners, Andalusia is committed to designing properties that seamlessly integrate furniture considerations into the architectural blueprint. This approach ensures optimal space utilization, intuitive movement, and…

Abu Al Naga Real Estate Development, one of the leading real estate developers in the UAE, has officially started works in three major residential projects in the areas of Dubailand, Bu Kadra (New Horizons), and Al Furjan. This strategic move reflects the company's confidence in the advanced investments environment of Dubai. “Choosing Dubai as an inception point did not come out of nowhere. Our decision took into consideration realistic data and indicators confirming that Dubai has become a global hub for real estate investments, thanks to encouraging legislations, strong demand, and high transparency,” said Mohamed Abu Al Naga, CEO. “This is based on the directives of the wise leadership and the vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice…

LMD, a real estate developer with a diverse portfolio spanning the UAE, Egypt, Spain, and Greece, today (April 17) unveiled Taiyo Residences in Dubai during the International Property Show 2025. Built around the philosophy of light and space, the AED400 million ($109 million) residential development located at Wasl Gate is slated for handover in Q1 2028. Taiyo Residences features 379 well-designed units, including studios, one-, two- and three-bedroom apartments. The design impeccably blends both indoor and outdoor spaces, ensuring year-round comfort and convenience for residents, said the developer. A wide range of amenities is available to support every aspect of modern living, from fitness and wellness to recreation and relaxation. Residents can enjoy both indoor and outdoor gyms,…

Andalusia Real Estate Development has officially appointed Al Wathba General Contracting to begin construction of Bottega Nove, a premium 9-storey residential building located in Majan, Dubai. With a project value of AED 150 million, Bottega Nove marks the first of three planned developments under the Bottega Residences by Andalusia brand—offering an authentic Italian lifestyle experience tailored for families seeking refined living in Dubai.Designed by Andaluisa and produced entirely in Italy, Bottega Nove blends modern Italian design with timeless architectural heritage. The project will feature spacious two- and three-bedroom apartments as well as signature hanging villas. Italian craftsmanship is at the heart of every detail, with all materials sourced from Italy to ensure a…

DUBAI - Emaar Development shareholders approved the Board of Directors’ proposal to distribute a dividend of AED2.7 billion (US$740 million), representing 68 percent of the share capital. The announcement came during the Emaar Annual General Meeting, where the Board of Directors reviewed the company’s financial performance for 2024 and discussed its future growth strategy. The Board’s report on the company’s activities and financial position, as well as the Auditor’s report, were also approved. Emaar Development reported property sales of AED65.4 billion ($17.8 billion) in 2024, reflecting a 75 percent increase compared to the previous year. Total revenue for the year amounted to AED19.1 billion ($5.2 billion), up 61 percent from 2023, while net profit…

UAE-based Azizi Developments has announced that 80% of the released units at Azizi Ruby, its newly launched residential tower in Jumeirah Village Circle (JVC), have now been sold. The project offers studio, one-, two-, and three-bedroom homes that cultivate a family-friendly atmosphere, complemented by amenities such as a clubhouse, cinema, swimming pools, a fully equipped gym, and children’s play areas. Of the 20 nationalities that have acquired units, Emiratis account for the the largest demographic share at 9%. Investors from Western and European countries — such as the United Kingdom, US, Italy, and Portugal — comprise 29%, while those from South Asian nations, notably India and Pakistan, make up 27%. Buyers from the GCC and Mena region, including the Kingdom of…

Andalusia Real Estate Development is pleased to announce the selection of Atlas Concorde, the renowned Italian manufacturer of high-quality ceramic surfaces and furniture, for Bottega Residences in Dubai. With the handpick Andalusia marks the beginning of a series of Italian high-end residences that aim to redefine living standards in the region. The first Bottega Residences, a project valued at AED 150 million, will stand out for its commitment to quality and design sophistication, featuring premium porcelain materials from Atlas Concorde. This partnership reflects Andalusia Real Estate Development's pursuit of high-end Italian excellence to deliver the unparalleled Bottega standards, offering bespoke residences that promise luxury and elegance. Executive Statements Saleh Tabakh,…

The 21st edition of the IPS 2025, "The Global Real Estate Marketplace," will take place from 14th to 16th April 2025 at Dubai World Trade Centre. The event will feature several activities and events highlighting the latest trends and relevant topics in the real estate sector. IPS is a global platform for showcasing the latest real estate projects and future trends in this vital sector. It is a key event on the agenda for any investor or real estate enthusiast, gathering leading real estate developers, experts, and investors from around the world and offering numerous benefits for participants. The exhibition focuses on five prime pillars: IPS Real Estate, IPS Future Cities, IPS Startups & Proptech, IPS Design, and IPS Services. One of the main activities alongside the exhibition…

DUBAI - Meraas, a member of Dubai Holding Real Estate, has awarded a contract worth over AED2 billion to Arabian Construction Company LLC for the construction of Design Quarter at d3, which includes the first residential community within Dubai Design District (d3), a global creative and design ecosystem. Scheduled for completion by mid-2027, the Design Quarter at d3 comprises a collection of 558 apartments. These are spread across three buildings – one low-rise and two towering skyscrapers – nestled within a landscaped podium. This elevated podium serves as a communal area, linking the residential towers to form a social hub for the residents. This will include co-working spaces, an indoor-outdoor gym, pool facilities, barbecue areas and fun-filled zones for children's…

Dubai-based developer Oro24 has completed the work on its premium gated complex - Torino - featuring 625 residential units spread across six blocks in the Arjan community with a mix of studios, one- and two-bedroom apartments.  Announcing the project completion, Oro24 said with Torino, it is setting new benchmarks in the development of modern and sustainable communities. The project, now completed, is a perfect blend of sustainability and modern living. The development incorporates green spaces, over 10,000 trees, and eco-friendly features that contribute to a cleaner, greener environment. The landmark project, originally valued at over AED353 million ($96.1 million), spans a built-up area of 625,718 sq ft featuring top-class amenities designed to cater to modern living…