UAE-based Reef Luxury Developments has broken ground on its key project - Reef 1000 - located in the heart of Dubai Land Residential Complex (DLRC), featuring a first-of-its-kind Sunken Balcony with outdoor cooling, thus laying the foundation for a visionary development that seamlessly aligns with Dubai’s vision for innovation. The groundbreaking ceremony included the planting of the first olive tree, symbolizing Reef 1000’s commitment to sustainability and longevity. It is the first of 126 olive trees that will be part of Reef 1000, highlighting a strong connection to nature and timeless value to the project, said the developer. Reef 1000 is introducing a world-first feature—the patented Sunken Balcony with Outdoor Cooling. This groundbreaking technology transforms…

Emaar Properties registered a 72% year-on-year (YoY) surge in property sales to AED 70 billion ($19 billion) in 2024, the highest ever it said. Revenues reached an all-time high of AED 35.5 billion in 2024, a 33% increase YoY, bolstered by record property sales, the Dubai-listed company said. The group’s revenue backlog from property sales surpassed AED 110 billion as of December 31, 2024, rising 55% from 2023, which indicated “robust revenue growth for the coming years”. Net profit attributable rose 16% to AED 13.51 billion in 2024 compared to AED 11.64 billion in 2023. Emaar acquired 141 million square feet of development land in a prime area in Dubai with a total development value of AED 96 billion. Last December, the company announced a new dividend policy and…

UAE-based Kasco Developments, the real estate arm of the Kasco Group, said it has partnered with Evolutions, a leading real estate intelligence hub, for official launch of Volna, its third residential project in Dubai. Following the success of Onda and VAL, this new development further strengthens Kasco’s presence in the UAE property market since its debut in September 2024, said a statement from the UAE group. Strategically located along Al Jaddaf Waterfront, Volna is an 11-floor residential building featuring 65 meticulously designed homes. The project offers a diverse selection of residences, including studios (up to 912 sqft), one-bedroom apartments (up to 1,480 sq ft), two-bedroom apartments (up to 1,620 sqft), and three-bedroom apartments (up to 3,407 sqft). Designed to…

Dubai-based Select Group acquired Radisson Blu Hotel, Dubai Media City, in a deal valued at over 200 million UAE dirhams ($54.45 million).  The deal is claimed to be the “highest recorded hotel sale transaction” in the Dubai Media Free Zone, the developer said in a statement on Friday. Select M City Limited, a subsidiary of Select Investments Limited, purchased the hotel. Knight Frank MENA brokered the transaction. The Radisson Blu Hotel is surrounded by global corporate headquarters, including META, Pfizer, Samsung, and Mastercard.  The developer plans to refurbish the property, enhancing its food and beverage offerings, accommodation, and other public areas to attract corporate clients. This deal marks Knight Frank’s ninth hotel transaction in Dubai in…

Ajmal Makan Real Estate Development has announced the launch of two major projects - The View Island and Blue Beach Residence - at the Sharjah Real Estate Exhibition – Acres 2025 which runs until January 25. The View Island features 266 residential units, including villas and townhouses, designed to offer accessible luxury living. Key features include green parks, children’s play areas, and a running track. The development is aimed at promoting active and family-oriented living, while integrating sustainability-focused elements. It aligns with Sharjah’s efforts to balance urban development with environmental sustainability. With extensive green spaces and recreational facilities, the project seeks to appeal to both residents and visitors, enhancing Sharjah’s…

SHARJAH - Alef Group, a leading real estate developer in Sharjah, announced its remarkable accomplishments in 2024. With sales exceeding AED 2.4 billion, the company experienced a 30 percent year-on-year growth, securing over 25 percent of the Sharjah real estate market. These achievements underscore Alef Group's position as a market leader and its commitment to delivering quality and excellence. Commenting on these milestones, Issa Ataya, CEO of Alef Group, said, "2024 has been a transformative year for Alef Group. Our strategic vision and commitment to excellence have propelled us to new heights. We are excited to continue this momentum, with new developments and initiatives on the horizon that will further enhance our position as a leader in the real estate industry."

UAE - Object 1, a Dubai-based real estate developer, has announced that work is moving at a steady pace on its flagship sustainability development, Evergrin House, located in the heart of Dubai’s Jumeirah Garden City, with the project on track for completion and handover in Q2 2026. Part of the international TSZ Group, the group has over a decade of experience in Spain, Ukraine and the UAE. Offering exceptional value with prices starting from AED995,000 ($270,858), the key development features 219 residential units, ranging from studios to two-bedroom apartments, with sizes spanning from 37 sq m to 106 sq m, catering to diverse lifestyle preferences. In line with the UAE’s Green Agenda 2030, which emphasizes sustainable development, environmental responsibility, and…

Azizi Developments, a leading private developer in the UAE, has launched Azizi Wasel, its new seafront residential project located on the picturesque Dubai Islands. Offering breathtaking sea views with a backdrop of the emirate’s iconic skyline, the development seamlessly blends modern comfort, elegance, and convenience. Azizi Wasel features a variety of luxurious residences, including panoramic penthouses, studios, one-, two, and three-bedroom apartments. Each unit is designed to focus on contemporary sophistication, providing beautiful views of the sea and the cityscape. Residents will be able to enjoy a comprehensive range of community amenities, including a cinema, a clubhouse, swimming pools, a fully-equipped gym, children’s play areas, ample parking spaces, premium…

Dubai continues to cement its status as a global hub for luxury real estate, attracting world-renowned opera singer Andrea Bocelli, who has purchased an exclusive residence within the prestigious Bugatti Residences by Binghatti. As the first Bugatti-branded development in the world, this project redefines luxury with bespoke design and unparalleled opulence. The acquisition was confirmed during a signing ceremony at the Emirates Palace Hotel in Abu Dhabi, attended by Muhammad Binghatti, Chairman of Binghatti Developers, who emphasized the significance of this deal in enhancing the UAE’s image as a global center for luxury living and investments. “We are honored to welcome the legendary Andrea Bocelli to the Binghatti family. Andrea’s trust in our group is a testament…

Andalusia Group, a pioneering real estate developing company based in Dubai, announced the launch of Bottega Nove Premium Residences, an epitome of Italian- inspired luxury living in Dubai, against a cost of AED 210 million. This architectural marvel spans nine stories, crafted entirely from exquisite Italian materials, reflecting the pinnacle of modern Italian design. Located in the vibrant & mixed-use area of Majan, in Dubailand, Bottega Nove promises residents a lifestyle of unparalleled opulence. In a landmark partnership, Kandy Real Estate Brokers will serve as the exclusive brokers for Bottega Nove. Their expertise is entirely crucial in aligning the project with discerning buyers and investors who appreciate refined living spaces. Saleh Tabakh, CEO of Andalusia Real…

DUBAI: Mohamed Alabbar, CEO and Managing Director of Emaar Properties, challenged conventional marketing wisdom, asserting that genuine products, honesty, and credibility outweigh traditional marketing strategies. Addressing a captivated audience during a thought-provoking session entitled "Why I Let Go of My Marketing Team," as part of the 1 Billion Followers Summit 2025, Alabbar, whose leadership has propelled Emaar and other property companies to develop over US$350 billion in real estate projects across 18 countries, shared his unconventional approach to building one of the world's most recognised real estate and hospitality brands. The session is part of the third edition of the 1 Billion Followers Summit, the world’s largest gathering dedicated to the content creator…

Edgnex Data Centers by Damac, a major digital infrastructure company and a fully owned unit of Dubai-based real estate developer Damac, has announced its strategic entry into the US data centre market, marking a transformative phase in its international expansion. Since its inception in 2021, the group has rapidly expanded across the Middle East, Southeast Asia and Europe, setting the stage for a strategic entry into the US market. It brings and sets new benchmarks in secure, scalable, and sustainable digital infrastructure. Edgnex, with a management team of 100+ professionals based in the Middle East, Europe and Asia, is actively expanding its team to support these growth plans. The Damac unit is set to initially pump $20 billion into the market with a plan to potentially double the…