In the wake of the weather conditions witnessed by Dubai and the United Arab Emirates in recent days, Damac Properties expressed its deep gratitude to the official authorities and government institutions for providing it with field support, to successfully deal with these exceptional weather conditions, which enabled it to address all problems and avoid serious damage, whether Whether financial or human, and ensuring the continuation of basic services for all residents in its various residential communities and projects, which include about 45,000 housing units. As a result of the proactive measures taken by the company in cooperation with its partners, stakeholders and contractors, including placing all work teams on high alert around the clock, Damac was able to successfully and highly…

Emaar Properties has affirmed its dedication to contributing to ensuring the well-being and safety of the residents of its complexes through the efforts of the company’s facilities management and complex management team, which has worked tirelessly around the clock to provide assistance to property owners that were damaged by weather conditions, since the heavy rains began on April 16. The team has actively addressed multiple challenges, including overcoming water accumulation problems, and continues to work tirelessly to find appropriate solutions. Based on this firm commitment, Emaar is pleased to announce an initiative to restore all homes within our communities that were affected by the recent severe weather conditions in Dubai, without bearing any costs on the…

According to Dubai Land Department (DLD) data, apartments in DAMAC Hills 2 are among the most frequently traded properties in the United Arab Emirates.   This master development, which spans 55 million square feet and is the brainchild of DAMAC Properties, the top developer in the UAE, offers residents and guests a lifestyle that blends leisure, recreation, and scenic beauty. It also offers a distinctive take on community living in Dubai. The community has a remarkable sales record of 11,806 units, which attests to its enduring appeal to those looking to buy real estate.   The increase in secondary market transactions is a key sign that DAMAC Hills 2 is becoming a more established end-user community. There is a strong demand for villas in the community, as evidenced by the…

Egypt - Bold Routes, a leader in real estate consultancy, marketing, and brokerage, celebrated the end of the first quarter of this year with a significant milestone. The company proudly announced the opening of its 10th branch, a regional office strategically located in Dubai, the United Arab Emirates.   Regarded as one of the most successful and largest entities in its field in Egypt, Bold Routes stands out not only for its size but also for its unique business model. This model fosters a partnership with the company’s commercial franchisees, who are deemed as the company’s real, irreplaceable assets. Such an innovative approach has distinguished Bold Routes in the competitive market.   AbdelRahman Badr, the CEO of Bold Routes, remarked that the company’s…

According to Ahmed Baghoum, CEO of Masdar City, there are projects targeting vital industries like energy, artificial intelligence, space exploration, life sciences, and agriculture that are currently in the design phase and have an investment cost of Dh3–4 billion.   Speaking on the sidelines of the opening day of the World Future Energy Summit, which Abu Dhabi Future Energy Company (Masdar) is hosting, Bakhoum said that the projects currently being built at the city are expected to be worth a total of about Dh1 billion. These projects include “The Link,” which is expected to be completed in the middle of 2025, and the Masdar City Complex.   He stressed that Masdar City is currently focusing on vital sectors including energy, AI, space, the life sciences…

At 160 meters high, the mixed-use Infinity Tower has seen more than 70% of its construction completed, according to Infinity Towers for Urban Development. This substantial advancement exceeds the timetable established by the Administrative Capital for Urban Development. This significant event coincides with the start of President Abdel Fattah Al-Sisi’s second term in office and the first phase of the New Administrative Capital (NAC). Infinity Tower, which stands in the center of the NAC’s Central Business District (CBD), is a shining example of sustainability and modernity. Founder and Managing Director Assaad Salama disclosed that the tower’s design was a result of cooperation with the well-known Canadian company NORR Group. This collaboration has produced a…

According to industry insiders and recent research, the first quarter of 2024 saw a significant shift in investment trends in Dubai’s residential real estate sector, with Indians once again overtaking British investors as the most popular nationality. Apart from Indians, Americans are also becoming interested in Dubai’s real estate market. They, along with other major investor groups like British and Russians, are driving up demand, which in turn is driving up property values and rentals, especially in the luxury market. Along with other reasons like rising end-user demand and alluring investment yields in Dubai’s housing sector, the 5-year multiple-visit visa facility is cited as the main driver of the Indian investment boom. “The 5-year multiple visit visa has…

UAE-based Al Habtoor Group said it has achieved a major milestone in the construction of its iconic 87-floor tower at Al Habtoor City, Dubai, with more than 23% of the work completed in addition to the piling phase.   Located in the prime area of Sheikh Zayed Road, on the picturesque banks of the Dubai Water Canal and in proximity to the Burj Khalifa and Dubai International Financial Centre (DIFC), Al Habtoor Tower is witnessing rapid development.   This progress underscores Al Habtoor Group's commitment to delivering unparalleled luxury and innovation, building on decades of experience and the successful development of iconic projects such as Burj Al Arab, Dubai International Airport Terminals, and the Armed Forces Officers Club in Abu Dhabi, said the Emirati group in a…

  Istanbul - ELIE SAAB, one of the World’s leading names in Haute Couture and esteemed luxury lifestyle brand and TOR HOLDING, a Turkish real estate developer known for its innovative projects and global collaborations, announce their partnership for the launch of two real estate projects in Turkey.   The collaboration marks a significant milestone in Turkey’s real estate sector, as the local luxury segment is undergoing a dynamic evolution with the presence of more joint partnerships combining international expertise with innovative regional approaches. The partnership aims to redefine luxury living in Turkey by blending Tor Holding’s expertise in property development with ELIE SAAB’s iconic design heritage.   The two ELIE SAAB branded…

Egypt - PRE Developments has begun the initial delivery phase of the HADABA compound, situated in the 6th of October City, west of Cairo. Hossam Zaki, the Chairperson of PRE Developments’ board of directors, announced that the HADABA project covers 33 feddan and features a variety of villa models, including standalone, twin homes, and townhouses. Zaki noted that HADABA represents the company’s second successful project delivery, succeeding the Stone Residence project in New Cairo, completed in 2021 with over 4,000 units. PRE Developments anticipates the launch of several new projects in 2024, expanding across New Cairo and Sheikh Zayed City, encompassing residential, administrative, and commercial sectors. Since its establishment in 2017, PRE Developments has created…

British architectural firm Foster + Partners has unveiled the designs of two new residential towers - Vela and Vela Viento (Latin for sails and wind) - being set up by Dubai developer Omaniyat as part of its Marasi Bay project. The development employs the same architectural language as The Lana, Dorchester Collection, Dubai, which is also designed by the practice for Omniyat and located on the waterfront nearby. These towers offer its residents ultra-luxury waterfront living with direct access to the waterfront promenade and marina. On the Vela project, Foster + Partners said rising to 150m, it provides a floor area of 272,860 sq. ft. over 30 floors. The 38 residences range in size from 4,253 sq. ft. to 11,727 sq. ft. (internal area) and encompass penthouses and three-and four-bedroom…

Dubai Janob Real Estate has announced launching the fouth phase of “Janob Bay” project, as a response to the high demand from the investors and buyers side to own in this exceptional project. After selling all the limited units offered earlier, the company has worked to accelerate the launch of new phases to this project. And also announced the hiring of ‘Kharafi Constructions’ to build the third, fourth, and fifth phase for a contract worth AED 1.5 billion. It is planned to finish the fourth phase during the first quarter of 2027, as it will contain 3, 4, 5 bedroom villas. And a limited 5, 6, 7 bedroom lux villas. The company have revealed earlier the hiring of ‘Jinko General Contracting’ earlier this year. Who will be handling the construction…