Leading UAE developer Arada said it has completed work on the second and third phases at Masaar, the forested megaproject based in the Suyoh district of Sharjah. With this, all 986 homes in the Kaya and Robinia districts are readying for handover process as one of the UAE’s most exciting new master communities reaches the 50% completion mark, said the Sharjah developer in a statement. Villas and townhouses in Kaya and Robinia range from two-bedroom townhouses to five-bedroom forest villas, all of which are equipped with smart home features and located next to Masaar’s signature feature, a lushly landscaped and walkable ‘green spine’ containing 70,000 trees, it stated. The home deliveries come shortly after a visit from HH Sheikh Dr Sultan bin Muhammad Al Qasimi,…

UAE - SOL Properties launched a series of high-end projects with an anticipated gross development value (GDV) of AED 12 billion in the next six months, according to a press release.   The development schemes are expected to anchor the UAE real estate market, reflecting new standards for luxury and efficiency, while contributing to the Gulf country’s overall economic growth.   SOL Properties, a leading real estate developer in the UAE and the premier real estate development arm of the Bhatia Group, has acquired 4 million sq. ft. of prime land for ultra-luxury projects and affordable luxury projects.   They include a new esteemed project in the West Crescent of Palm Jumeirah and the prestigious Fairmont Residences Solara Tower Downtown Dubai at a combined value of…

The biggest real estate developer in Dubai has disclosed intentions to challenge one of its own largest projects. Arabian Business reports claim that Emaar plans to construct a massive structure that will be able to compete with the Burj Khalifa in height. When completed, the tower will surpass current planned projects like the Burj Azizi to become the second-tallest building in the world. When completed, the 725-meter Burj Azizi will stand just over 100 meters short of the 828-meter Burj Khalifa on Sheikh Zayed Road. Four very intriguing and very different designs have been considered, including a glass-tube sculpture, a rocket-shaped tower, and a design that uses gothic spires, even though the exact height and location have not yet been disclosed. Although there are plans for…

Nine Yards Real Estate Development, a subsidiary of EIH Ethmar International Holding, has appointed Züblin Construction as the main contractor for the Yas Bay ‘Sea La Vie’ project, on Yas Island, Abu Dhabi.   With 125 years of experience in the construction industry globally and 41 years locally, Züblin is recognised as one of the top general contractors in the UAE, renowned for delivering exceptional projects. With a broad-ranging expertise in construction, the company offers comprehensive services across various sectors, including turnkey building construction and infrastructure, said a statement.   The appointment of Züblin ensures showcasing EIH’s consistent dedication to the highest standards of quality and project execution, it…

UAE - SOL Properties, a leading real estate developer in the UAE and the premier real estate development arm of the Bhatia Group, has announced plans to launch a series of high-end projects with an anticipated gross development value (GDV) of AED12 billion ($3.27 billion) in the next six months. These projects are expected to significantly impact the UAE real estate market, setting new standards for luxury and efficiency, while contributing to the country’s overall economic growth, said the company. The ambitious expansion builds on the 50-year legacy of the Bhatia Group in the UAE. The company is a pioneering force in Dubai’s property development and construction sector, driven by the vision of Ajay Bhatia, Chairman of Bhatia General Contracting, and Founder and CEO of SOL…

Meraas, a member of Dubai Holding Real Estate, has awarded an AED850 million ($231.42 million) contract for construction work of the Bvlgari Lighthouse on Jumeira Bay Island to Dutco Construction Co.   With marine works now completed on this section of Jumeira Bay Island, construction will soon commence on the 27-storey luxury residential tower. Designed by world-renowned architecture firm Antonio Citterio Patricia Viel, Bvlgari Lighthouse is set to become one of the city’s most prestigious addresses and an exquisite highlight of the island.   Inspired by the timeless elegance and luxury of the Italian jeweller, Bvlgari Lighthouse comprises four and five-bedroom luxury penthouses. Additionally, it will feature a one-of-a-kind eight-bedroom Sky Villa crowning its top…

UAE - Azizi Developments, a leading private developer, has partnered with Dubai’s Multiplast, which offers a diverse range of plastic products and solutions, for the supply of high-end PVC conduits across various projects. The projects include those in Dubai South, MBR City, Dubai Studio City, Al Furjan, Dubai Sports City, and Dubai Healthcare City, including Azizi Venice, Riviera, Azizi Vista, Azizi Central, Azizi Grand and Creek Views III.   Multiplast’s product range features PVC conduits for electrical installations, custom packaging solutions, and durable plastic components for construction and manufacturing. Using advanced technology, Multiplast tailors its solutions to meet client needs while maintaining a strong focus on sustainability. The company is committed…

LONDON - British property surveyors expect sales to continue to grow in the coming months after a gauge of house prices turned positive for the first time in nearly two years, though concerns remained about affordability despite easing borrowing costs. The Royal Institution of Chartered Surveyors said on Thursday that its main house price balance, which measures the difference between surveyors seeing falls and rises in house prices, moved into positive territory for the first time since October 2022. Its house price balance rose to +1 in August from -18 in July, and well above the -14 forecast by economists in a Reuters poll. A measure of expected sales over the next three months was the strongest since January 2020, before the COVID-19 pandemic struck Britain. Other indicators of…

UAE - Sankari, a premier luxury real estate developer in Dubai, has announced a partnership with IHG Hotels & Resorts, one of the world’s leading hospitality companies, to launch the world’s first Regent Residences in Dubai. This twin-tower flagship development, Regent Residences Dubai - Sankari Place, will be located in Dubai’s prestigious Marasi Marina neighbourhood and will feature 63 full-floor upper luxury residences as well as 10 floating homes, said a statement. Expansive living spaces Each of the Regent Residences Dubai - Sankari Place's residences are equipped with a private swimming pool and expansive outdoor living spaces. The architectural design, conceived by Foster + Partners, reflects opulent living with a cascading twin-tower structure. Residents…

The competition, launched in partnership with Dubai Design District (d3) and Dubai Culture and Arts Authority, offers outstanding prizes, including an apartment, Mercedes-Benz Car and more The judging panel includes esteemed public figures, industry experts and Hollywood celebrities (d3) will host workshops and panel discussions to raise awareness, help photographers fine-tune their skills and find inspiration through its architecture community Additional details were announced via Binghatti social platforms Leading Dubai property developer Binghatti, joins forces with Dubai Design District (d3), a global creative ecosystem, which is a member  of TECOM Group PJSC, and the Dubai Culture and Arts Authority (DCAA), to launch a high-rewards architectural photography competition…

The board members of Emaar The Economic City (EEC) approved a transformative business strategy in line with Saudi Vision 2030, according to a press release. This strategy covers a SAR 8.70 billion capital optimisation plan (COP) that includes restructuring of all of the company’s SAR 3.80 billion in bank debt facilities, the full conversion to share capital of SAR 4 billion of its debt owed to the Public Investment Fund (PIF), and a new convertible shareholder facility of up to SAR 1 billion from PIF. Developed based on extensive assessment and analysis over the past two years, the COP is expected to provide a comprehensive solution to stabilise the company’s financial and operational platforms and enhance its capital structure. It also backs Emaar The Economic City’s…

 Binghatti, the leading Dubai-based property brand launches the first project in Al Jaddaf this year, Binghatti Ghost. This highly anticipated development marks Binghatti’s comeback to the area driven by unprecedented demand from the market after a two-year hiatus.   The new project will feature a total of 770 residential units. In addition to these sought-after living spaces, Binghatti Ghost will also include six premium retail shops, enhancing the community's commercial appeal.   Historically, Binghatti’s properties have recorded substantial capital gains for investors, with the developer’s previous projects recording up to 40% capital gains for investors. Binghatti Ghost promises exceptional investment potential with high rental yields and a strong…