Vision Developments, one of the leading UAE real estate developers, announced the launch of two new residential projects, "REEM" and "SOUL," in Dubai. The move is part of their strategic expansion plan into several promising areas in the emirate and provide housing solutions that meet the aspirations of various segments of society. The "REEM" project is located in Liwan area, near Dubai Silicon Oasis and Academic City, with strategic access to Dubai's most prominent educational and technology destinations. It consists of a residential building with a commercial ground floor spanning 8,100 square feet, a parking floor, eight typical floors, and a roof (G+P+8F+R), comprising a total of 198 spacious residential units.The "SOUL" project, located in Dubai Production City, offers a vibrant…

Swiss real estate developer DHG Properties has partnered with the internationally acclaimed interior architecture and design studio Two | 88 by Rina Rankova for its latest residential development in Meydan Bukadra, Dubai. This collaboration blends DHG's commitment to real estate excellence and Swiss-quality construction with Two | 88’s mastery of world-class design and high-end interiors, setting new benchmarks for elevated living in Dubai, said the company. Founded by Rina Rankova, Two | 88 operates globally with studios in Dubai, London, and Marbella. With extensive experience in super-prime residential and commercial design, the studio is renowned for sophisticated interior solutions and global perspective. Milos Antic, Vice Chairman of DHG and Founder of DHG Properties,…

Dar Global, the London-listed luxury real estate developer, and The Trump Organization have announced the launch of Trump International Hotel & Tower, Dubai, reaffirming their confidence in the region’s long-term growth potential and commitment to delivering exceptional value to investors and residents alike. This landmark project marks the Middle East's first and only Trump International Hotel & Tower and represents the fifth collaboration between Dar Global and the Trump Organisation. Building on the success of developments such as Trump Tower Jeddah in Saudi Arabia and Trump International Golf Club and Hotel in AIDA, Oman’s most luxurious beach master community, this new icon is set along Sheikh Zayed road at the entrance of Downtown Dubai with exclusive views to…

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,…

UAE - Majid Al Futtaim, a leading shopping mall, communities, retail, and leisure pioneer, has appointed United Engineering Construction Company - Dubai (UNEC) as the main contractor for Plagette 32 and Amara, two landmark residential developments within Tilal Al Ghaf, its flagship lifestyle destination in Dubai. UNEC, a multi-award-winning general contracting company with over 40 years of regional expertise, brings a proven track record in delivering high-quality, large-scale projects across the UAE, said Majid Al Futtaim. Valued at AED736 million ($200.38 million), the contract encompasses the full scope of works for 148 luxury villas, including their interior fit-out, as well as the shell and core construction of the Beach Club. It also includes in-plot and public realm landscaping,…

Dubai Land Department has signed a Memorandum of Collaboration with the Awqaf and Minors Affairs Foundation to develop and enhance the foundation’s real estate assets through DLD’s Building Classification Project. The memorandum was signed at DLD headquarters by Majid Al Marri, CEO of the Real Estate Registration Sector, and Khalid Al Thani, Deputy Secretary-General of Awqaf Dubai, alongside other senior officials. The collaboration aims to evaluate and reclassify Awqaf Dubai’s properties based on DLD’s approved standards, upgrading assets following improvements. The agreement also enables inquiry services for lands and properties belonging to deceased individuals, minors, and those under similar legal status, with full access to supporting documentation. Al…

Aldar Properties has reported a 33% year-on-year increase in profit before tax to AED2.2 billion ($599 million) for the first quarter of 2025, with net profit after tax rising by 22% year-on-year to AED1.9 billion. Mohamed Khalifa Al Mubarak, Chairman of Aldar, said the company’s performance at the beginning of the year reflects the strength and diversification of its business sectors, and its ability to operate efficiently and grow in line with a clear strategy to create sustainable long-term value, said a Wam news agency report. He added that the UAE offers a conducive environment for stability and business growth, with a focus on investing in vital sectors, attracting business, and diversifying the economy. He said Aldar is well positioned to deliver sustainable performance,…

DUBAI: Ali Sajwani, Managing Director of DAMAC Properties, affirmed that artificial intelligence (AI) has become a key driver in the development of the real estate sector. He noted that thanks to AI solutions, the company successfully increased its monthly financial collections by AED 200 million, representing a 20% growth, by enhancing customer communication management and swiftly and accurately analyzing the reasons behind payment delays. In a statement to Emirates News Agency (WAM) on the sidelines of the Dubai AI Festival, Sajwani explained that AI is no longer limited to technical aspects. It has become an essential tool in decision-making across all areas of real estate development, including sales, land selection, architectural design, pricing, marketing, and customer service. He…

Dubai Sports City has recorded AED4.7 billion ($1.3 billion) in real estate transactions over the past 12 months, reaffirming its position as one of Dubai’s rising residential communities. The transaction data highlights a strong resurgence in buyer confidence, driven by a combination of strategic location, infrastructure growth, and long-term investment potential. In April 2025 alone, the community registered over AED30 million in off-plan sales, highlighting the current interest from both investors and end users. With new residential developments underway, and average gross rental yields reaching 8.2% in Q1 2025, Dubai Sports City is increasingly viewed as a compelling alternative to more saturated Dubai districts. Offering direct connectivity to Sheikh Mohammed bin Zayed…

Dubai is set to deliver 415,000 sq m of new office space by the end of 2026, with the majority of new inventory in the A-grade category, according to new research from leading real estate advisory and property consultant, Cavendish Maxwell. Around 185,000 sqm of new space is due to come to market this year, with another 230,000 sqm in 2026, as demand for quality offices in Dubai continues to rise, it stated. By the end of next year, Dubai’s total office space inventory will reach almost 9.7 sqm, compared to 6.26 sqm today, said the expert in its latest Dubai Office Market Report. 2024 saw record transaction volumes and values in recent years, with 3,150 sales valued at AED6.8 billion ($1.85 billion), a 36% rise in values and a 7.1% in increase in transactions, it added. Business…

Al Habtoor Group, a leading UAE-based business conglomerate, has announced the release of the final batch of apartments at its prime development - Al Habtoor Tower - following the successful sale of over 90% of the building’s 1,740 residential units. This milestone reflects the strong demand for what is set to become the largest residential building in the world, said a statement from the Emirati group. Strategically located on Sheikh Zayed Road within its Al Habtoor City, the tower continues to draw high interest from both local and international buyers seeking world-class living in the heart of Dubai, it stated. According to the group, more than 40% of the tower’s apartments are scheduled for handover in Q4, with construction progressing rapidly and consistently meeting…

The Abu Dhabi Real Estate Centre (ADREC), an affiliate of the Department of Municipalities and Transport, reported 34.50% year-on-year (YoY) higher property transactions at AED 25.30 billion in the first quarter (Q1) of 2025. The transactions were implemented over 6,896 deals, compared to AED 18.82 billion across 5,773 transactions in Q1-24, according to a press release. Buy and sell transactions jumped to AED 15.51 billion through 3,819 transactions in the first three months (3M) of 2025. Mortgage transactions hiked by 49% to AED 9.80 billion through 3,077 transactions. The report highlighted continued activity in foreign direct investment (FDI), with 384 transactions valued at AED 1.58 billion concluded by investors from 68 nationalities. Rashed Al Omaira, Acting Director General of…