Nakheel, a subsidiary of Dubai Holding Properties listed on the Dubai Stock Exchange, has announced the award of a construction contract worth more than AED 950 million to Parkway International Contracting Company to carry out construction work on the second and fourth phases of the Bay Grove Residences project in the Dubai Islands.According to a company statement, the contract includes the construction of 617 residential units ranging from one to four bedrooms, spread over eight buildings, including basement works and infrastructure associated with the project, as well as the main facilities of the residents, swimming pools and sports stadiums, and the fitness center.The second phase includes the construction of four buildings with 360 units, and the completion of major construction work…

Atara Development, a UAE-based boutique developer, has announced the launch of Velora Residence, a boutique collection of 58 fully furnished homes located on Dubai Islands. Situated on Island A between the waterfront and the boulevard, the development offers one- and two-bedroom residences ranging from 857 to 1,857 sq. ft., featuring layouts designed to accommodate both individual and family living. The development embodies Atara’s site-first philosophy through "The Curated Pause" design concept, built around four natural elements: water, air, light, and wood. The architectural narrative integrates indoor and outdoor spaces using clean lines, light-filled interiors, and natural materials to balance personal wellbeing with everyday living.

 Object 1 Real Estate Development has recorded sales to buyers from more than 60 nationalities in 2026 across four continents, driven by accessible entry prices and flexible payment plans, amidst Dubai’s AED 252 billion Q1 real estate transactions. Sales analysis from 1 May to 3 August 2026 reveals that Indian purchasers accounted for nearly 20% of total deals, while Europe, Africa, and the MENA region each represented approximately a fifth of transactions, led by buyers from France, the UK, Germany, Spain, Turkey, Saudi Arabia, Syria, Jordan, and the UAE. Additionally, the developer hosted roadshows across Africa, engaging buyers from Egypt, Zimbabwe, South Africa, Mozambique, and Morocco. Tatiana Tonu, CEO of Object 1, stated that 2026 serves as the company's "Year of…

Casa Vista Development is preparing for the exclusive unveiling of its AED 350 million luxury waterfront residential project, AQUORA, located on Dubai Islands. The unveiling event will take place at Madinat Jumeirah on 28 October 2026, following a major milestone that saw 40% of the project's residences sold prior to the official launch. Situated on a 50,000 sq. ft. plot with a built-up area (BUA) of 242,000 sq. ft., AQUORA features 105 waterfront residences, six waterfront retail spaces, and over 20 lifestyle amenities. These include a 22-metre rooftop infinity pool, a Technogym fitness centre, a yoga studio, a Zen Garden, a pickleball court, and a signature arrival experience. Designed around the philosophy "Form Follows Flow," the development translates the natural movement of water…

Royal Development Holding, a boutique premium real estate developer and subsidiary of Emirates Stallions Group, has announced that Mallside Hotel, Curio Collection by Hilton, is expected to open in the first quarter of 2027, with the project now in its final stages of development. Located within Dubai Hills Estate, the hotel will be directly connected to Dubai Hills Mall via a pedestrian skybridge, offering guests convenient access to one of Dubai’s leading lifestyle, retail and entertainment destinations. Its location also provides seamless connectivity to the wider community, catering to both business and leisure travellers. Conceived as an integrated hospitality and residential destination, Mallside Hotel is designed to complement the ongoing development of Dubai Hills…

Residential areas in Dubai recorded an increase in demand for rent during the first nine months of 2026, with the number of new leases in Al Yafra First approaching three times its level a year ago, and its growth by 107% in the second lover and 73% in Wadi Al Safa 3, in conjunction with the delivery of new housing units and entering the rental market.According to an analysis by fäm Properties for Emirates Today, growth has been concentrated in residential communities where new projects and units have been completed and delivered, while apartments ranging from studio to two bedrooms accounted for about nine out of 10 new leases.First Euphra, Second Love and Wadi Al Safa 3The first Al Yafra area, located on the Dubai-Al Ain road and comprising the Tha Valley project from Emaar, has…

Dubai South recorded 12,428 residential property transactions in the first eight months of 2026, surpassing the 9,788 transactions registered throughout 2025 by 27 per cent, as demand for smaller apartments and off-plan properties continues to drive activity in the area According to the Anarock Dubai South Residential Micro-Market Report, residential sales value reached Dh15.9 billion between January and August, equivalent to 81 per cent of the Dh19.6 billion recorded during the whole of last year. The figures mark the highest residential transaction volume recorded in any full year covered by the report, which tracks the market from 2020 to August 2026. The longer-term growth has also been significant. Annual residential sales value increased from Dh720 million in 2020 to Dh19.6…

ATARA Development has unveiled Velora Residence, a boutique collection of 58 fully furnished residences on Dubai Islands, positioned between the waterfront and the boulevard. The development combines the vibrancy of city life with its island setting through clean architectural lines, light-filled interiors, and natural materials. The project’s design philosophy draws on four elements – water, air, light, and wood – to create a connection between the built environment and nature while balancing individual wellbeing with shared family experiences. The announcement comes as Dubai Islands strengthens its position in Dubai’s real estate market. According to the latest data from the Dubai Land Department, the destination recorded $5.1 billion in property sales across…

Arada, a UAE-based real estate developer, has expanded its portfolio to five markets, with the entry of Saudi Arabia and Syria during 2026, and the further development of its business in Britain and Australia, in parallel with the launch of projects in Dubai and the announcement of its first presence in real estate development in Abu Dhabi.According to the review of the "Masdar Real Estate" platform for official announcements of the company, the portfolio includes more than 70 thousand housing units in the UAE, Saudi Arabia, Syria, Britain and Australia, while it completed about 17 thousand units until the announcement of the establishment of its Saudi arm on October 20, 2026.The expansions include integrated residential communities and mixed-use projects, in addition to residential…

Deyaar Development, listed on the Dubai Financial Market (DFM), raised its pre-tax profit margin to 35.6% during the first nine months of 2026, compared to 29.4% during the same period last year, supported by profit growth at a pace that exceeded revenue growth, according to its financial results announced on October 23, 2026.The results showed that the company’s pre-tax profit increased by 27% to about $147.4 million (AED 541.5 million), compared to about $115.9 million (AED 425.7 million) during the first nine months of 2025.In contrast, Deyaar’s revenues increased by 5% to about $414.7 million (AED 1.5229 billion), compared to about $394 million (AED 1.447 billion) during the corresponding period last year.Thus, the pre-tax profit margin increased by 6.2 percentage points…

A recent real estate report revealed that the number of resale ads for ready-made residential properties in Dubai increased by between 155% and 162% year-on-year during August 2026, bringing the total number of advertisements in two categories of real estate, classified by the original type of developer, to about 41 thousand ads.According to the October 2026 report by GCP Group, based on data from real estate information company REIDIN, the number of real estate resale ads developed by private sector companies reached 23,423 in August, compared to 17,571 ads for real estate developed by government-linked companies.The data showed an increase in the number of real estate resales from the private sector by 155% compared to August 2025, while real estate developed by government-linked…

The profits of Deyaar Developments, listed on the Dubai Stock Exchange, and owned by Dubai Islamic Bank, increased to AED 445.7 million (AED 0.10/per share) by the end of the first nine months of 2026, compared to a profit of AED 408.4 million achieved during the same period in 2025.The reason for the increase in profits during the current period is due to the increase in the profit margin by 35.0% during the first nine months of 2026, compared to 34.8% during the same period of the previous year, as a result of the increase in revenues, and the decline in direct costs, in addition to the increase in other revenues by 52%, to reach 57.9 million dirhams, compared to 38.1 million dirhams, during the same period of the previous year. It is also due to the achievement of net financing…