Dubai’s real estate market continued to grow robustly in November, with the residential sector posting a 15.4% year-over-year increase and the commercial market recording a total sales value of AED9.2 billion ($2.5 billion). According to the latest report from Engel & Völkers Middle East, a leader in premium residential and commercial real estate services, the residential market clocked total sales of 12,695. Although the figure reflects a cooling off from October’s record-breaking figures, it underscores the market’s sustainable and steady growth. The month also saw a modest 0.38% increase in average prices, reinforcing the market’s continued uptrend. Increasing appetite An increasing appetite for affordability was evident, with properties under AED1…

BURTVILLE Developments has announced the progress on its “VILLE 11” project in Masdar City, Abu Dhabi. The development, which comprises 111 residential units, has reached 33% completion, according to “DARI”, the Abu Dhabi Department of Municipalities and Transport’s platform. The company also confirmed the commencement of construction work on three additional projects in Abu Dhabi: “VILLE 12” in Masdar City, along with Bab Al Qasr Residence 25 and Bab Al Qasr Residence 31, both located in Yas Bay, Yas Island. Site preparation, foundation work, and excavation support are already underway. BURTVILLE emphasized its commitment to delivering “VILLE 11” on schedule, with units set for completion and handover by Q3 2027. Spanning over…

SHARJAH - Sharjah’s real estate has recorded a high volume of real estate transactions during November 2024, which reached AED4 billion, and with a total number of 4,606 transactions covering 20.4 million square feet. With these strong statistics and the directives of wise leadership, Sharjah continues to consolidate its position as a vital real estate centre and one of the best economic regions in the world, known for its cultural and environmental diversity, while preserving its heritage character that combines authenticity and modernity. The emirate also provides a legislative environment that supports the real estate sector and stimulates investment, with great competitive prices compared to other emirates, making it an ideal destination for individuals and families looking…

Meraas, a member of Dubai Holding Real Estate, has announced the key handover of the ultra-exclusive Bvlgari Ocean Mansions on Jumeira Bay Island. This marks a major milestone in the completion of this high-profile project by the premier developer Meraas and world-renowned luxury brand Bvlgari, delivering an exclusive residential area in one of Dubai’s most desirable waterfront areas, said a statement from Meraas. These mansions reflect Bvlgari’s Mediterranean-inspired aesthetic and refined elegance that can be seen throughout Jumeira Bay Island, which is an exclusive enclave for high-net-worth individuals seeking secluded waterfront properties. Designed by the acclaimed Italian architecture firm Antonio Citterio Patricia Viel and constructed by Innovo Group, the mansions…

Qube Development, a leading international real estate developer, has announced the launch of off-plan sales for Arisha Terraces, a new residential development located in Dubai Studio City. The third project of Qube, Arisha Terraces features 419 modern units, spanning across four low-rise buildings, 122 different apartment layouts, and a range of studios, one- and two-bedroom apartments. Inspired by the Arabic word for 'pergolas,' Arisha Terraces draws inspiration from natural surroundings, incorporating eco-friendly practices, said the developer in a statement. This includes solar panels on the roof to reduce energy consumption, costs and trim service charges, as well as filtered and drinkable tap water in all units and common areas, reducing plastic waste. The low-rise buildings also…

Binghatti Developers has once again solidified its reputation as the UAE’s fastest property developer by delivering six major residential projects in record time. Featuring 2,062 luxury units across Jumeirah Village Circle (JVC), this achievement showcases Binghatti’s exceptional ability to meet Dubai's ever-growing demand for high-quality real estate. The rapid execution of these projects reflects Binghatti’s commitment to innovative design, architectural excellence, and unmatched delivery timelines, reinforcing its position as a leader in Dubai’s competitive real estate market. Revolutionizing Real Estate with a New Project Portfolio Binghatti’s latest delivery comprises six meticulously designed projects, Binghatti Orchid, Binghatti Amber, Binghatti…

UAE-based AARK Developers has appointed Atlas Foundations as the enabling contractor for its flagship project, Sora Beach Residences, a AED4 billion ($1.1 billion) luxury beachfront development on Al Marjan Island in Ras Al Khaimah. Atlas Foundations, a leading UAE-based contractor, specialises in advanced piling and foundation solutions, and has a proven track record of delivering exceptional groundwork for iconic developments, including projects in Dubai Marina and several large-scale industrial complexes across the UAE. It is renowned for its expertise in deep foundation engineering, ground improvement, and sustainable construction methods, said a statement from AARK Developers. This appointment marks a key milestone in the development of the UAE’s ultra-luxury lifestyle…

According to data, the off-plan sector continued to boost the Dubai real estate market in November 2024, with 8,548 sales, representing a year-over-year growth in volume of over 46%. Overall, compared to November 2023, real estate transactions in Dubai rose by nearly a fifth (19%) last month. With over 14,479 transactions and prices above Dh43 billion, the market continued its notable upward trend, according to data from Property Finder, a top real estate portal in the Middle East and North Africa (Mena) area. This represents a 1.6% rise over the same period last year. According to data, around one-third (33%) of those looking to buy or invest in real estate are looking for one-bedroom apartments, while 35% are more interested in two-bedroom apartments and 15% are more interested in…

His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, has approved the Dubai Walk Master Plan (Dubai Walk), a visionary initiative aimed at transforming Dubai into a pedestrian-friendly city. H.H. Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, the UAE’s Deputy Prime Minister and Finance Minister, as well as the First Deputy Ruler of Dubai, were present when the plan was authorized. The Dubai Walk Master Plan emphasizes accessibility, safety, and a pleasant walking experience. It will create a distinctive integrated network of walkways with unobstructed paths and increased green spaces. His Highness Sheikh Mohammed bin Rashid Al Maktoum said that enhancing the quality of life in Dubai remains a key focus of the…

The Dubai property boom will continue to drive house prices up by 8% in 2025, underpinned by a shortage in supply, according to a new report by property consultancy Knight Frank. The ‘Dubai Residential Market Review: Special Edition’ study reveals that house prices across the emirate currently stand 19.9% higher than the same time last year, “evidenced by the surge in property transactions throughout 2024.” In Q3 2024, the number of transactions reached 47,269, the highest quarterly figure on record, Knight Frank said, indicating a 41.8% increase compared to the same period in 2023. The total value of deals between January and September 2024 exceeded 306.3 billion UAE dirhams ($83.4 billion), with a 36% increase over the same period in 2023. In Q3 alone, sales…

Abu Dhabi's biggest developer Aldar Properties has acquired a commercial tower in Dubai’s key financial district for 2.3 billion dirhams ($626 million), in one of the largest such acquisitions.   The tower is being acquired from Dubai developer H&H Development, which has built projects in DIFC, including the Four Seasons Hotel Dubai International Financial Centre. The project, with 40 floors of commercial and retail space, is set for completion in 2028. Aldar, 25%-owned by Mubadala and 26% by International Holding Company, reported nine-month 2024 net profit of AED 4.6 billion, up 52% year-on-year. The developer has projects across the UAE, Egypt and London. H&H Development, founded in 2007, is a Dubai-based developer, asset manager, and investor in the…

UAE - ONE Development, a boutique real estate developer with offices in Abu Dhabi and Dubai, has announced the complete sell-out of Phase One of its flagship project, Laguna Residence, within less than a month of its launch. The milestone reflects strong investor confidence in Dubai’s real estate market and the innovative appeal of the project. Located in the heart of Dubai’s City of Arabia, Laguna Residence is the UAE’s first AI-integrated residential community. The development features the region’s first sandy beach lagoon on a podium surrounded by landscaped greenery. The project offers a variety of units, including studios, three-bedroom apartments, duplexes, and ‘Skyhomes’, all with panoramic views of the Dubai skyline. Residents will…