The launch of Binghatti Skyrise has set a new benchmark in Dubai's real estate market, with 50% of its units sold out within the first 24 hours. This remarkable demand highlights the appeal of this one-of-a-kind development. The exclusive unveiling event, held at The Meydan Hotel’s Sky Bubble on October 30th, drew over 5,000 guests, including prominent investors and high-net-worth individuals from the region. Binghatti revealed the project location with a stunning light display that illuminated the Dubai skyline, symbolically marking the project’s place in the city’s future. “Binghatti Skyrise is more than just another development; it’s a statement in Dubai’s evolving luxury landscape,” said Muhammad BinGhatti, Chairman of Binghatti. “The…

In a new step to strengthen its position in Dubai's luxury real estate market, Binghatti Developers has now launched 'Binghatti Skyrise', the newest icon in the heart of  Business Bay area of Dubai, perfectly located to meet the increasing demand for luxury residential units near Burj Khalifa and the Dubai Water Canal. This launch comes as part of Binghatti's vision to double its project portfolio to over AED 100 billion in the next 18 months. The project is an architectural masterpiece featuring 3,333 residential units designed in a contemporary style. Binghatti Skyrise design concept draws inspiration from the seamless fusion of diverse elements, resulting in a cohesive façade that captivates the senses. Strategically situated in Dubai’s Business Bay district, this…

UAE - Qube Development, a leading international real estate developer with 30 years of experience, has announced the launch of off-plan sales for Arisha Terraces, a new residential development located in Dubai Studio City.   The third project in Qube’s expanding AED2.6 billion ($708 million) property portfolio, 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 its 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 decrease…

AJMAN: The Department of Lands and Real Estate Regulation in Ajman announced that 511 real estate valuation transactions were recorded during the third quarter of this year, with a total value exceeding AED3.35 billion. Engineer Omar Al Muhairi, Director General of the Department, explained that the valuation transactions for real estate project units reached 179 transactions, totalling AED 113 million. Additionally, the department recorded 449 real estate valuation transactions related to golden visas for investors, amounting to AED1.21 billion. Al Muhairi added that the number of commercial property valuation transactions reached 97, with a total value exceeding AED2.56 billion, surpassing residential properties, which amounted to AED453.6 million. Industrial properties ranked third,…

UAE-based Amwaj Development has unveiled its latest project in Dubai - The Cube Residences - located in District 11 within the Mohammed bin Rashid City. This is its second project after the successful launch of Starlight Park. The project offers a total of 54 uniquely designed apartments with a mix of one- and two-bedroom units that range from 708 sq ft to 1,695 sq ft, providing spacious living spaces tailored to meet diverse needs of Dubai market. Spanning a total land area of 15,070 sq ft, it features a creative designed structure comprising abasement, ground floor, five residential floors and a rooftop area that includes the pool. The project is likely to be completed in Q4 2026. The new development is strategically positioned just 15 minutes from Downtown Dubai and Dubai Mall, and…

The Dubai Real Estate Sector Strategy 2033 outlines a focused roadmap to elevate the sector’s economic impact on the emirate by significantly increasing transaction volumes and reinforcing its appeal as a premier destination for international investors. Demonstrating its robust strength and resilience, Dubai’s real estate market recorded over 163,000 transactions, amounting to more than AED544 billion in the first nine months of 2024. Real estate investments also saw substantial growth, crossing AED376 billion during this period, driven by advanced infrastructure and a strong regulatory framework. While the sector continues to achieve record growth, property speculation remains within desirable limits, not exceeding 20 percent, reflecting stability and sustainability in…

Ellington Properties, a leading design-led real estate developer based in Dubai, has announced the appointment of Dutco Construction as the lead contractor for One River Point, a premier waterfront residential development in the heart of Business Bay. As part of the in-house synergy between Dutco Ellington and Dutco Construction, this appointment highlights the efficiency and quality ensured by having both the developer and contractor under one umbrella. The project is expected to be completed by Q2 2027. On the contract win, Nelson Gibb, Group CEO of Dutco, said: "We are excited to take on the construction of One River Point, a landmark development that exemplifies the strength of our collaboration with Ellington Properties. This project is a testament to the synergy between our…

Ellington Properties, a leading design-led real estate developer based in Dubai, has announced the appointment of Dutco Construction as the lead contractor for One River Point, a premier waterfront residential development in the heart of Business Bay.   As part of the in-house synergy between Dutco Ellington and Dutco Construction, this appointment highlights the efficiency and quality ensured by having both the developer and contractor under one umbrella. The project is expected to be completed by Q2 2027.   On the contract win, Nelson Gibb, Group CEO of Dutco, said: "We are excited to take on the construction of One River Point, a landmark development that exemplifies the strength of our collaboration with Ellington Properties. This project is a testament to the synergy…

UAE - POB1 Properties, a newly established real estate development unit of Saif Al Ghurair Real Estate Group (SAGRE), has unveiled its inaugural project, Serenova, a community-driven residential development being set up in Dubai Silicon Oasis at an investment of $56 million. Set for completion in Q2 2027, Serenova, spans across an expansive 7,850 sqm plot, offering flexible living spaces that blend modern comfort with serene living to meet the evolving needs and preferences of families and young professionals, said the developer in a statement. It will feature 222 apartments - ranging from spacious studios to one-, two-, and three-bedroom units as well as premium two-bedroom apartments and exclusive four-bedroom penthouses. Its architectural design prioritises open spaces,…

Sharjah developer Arada has announced the launch of W Residences at Dubai Harbour, a three-tower luxury seafront development with a world-class array of amenities located in the heart of one of Dubai’s most popular and in-demand districts. Set for completion in 2027 and with LEED Silver-certified design, the project features over 400 branded apartments within the AED5 billion ($1.36 billion) complex offering owners the chance to experience a positive, fulfilling and active lifestyle. According to Arada, the design of the 40-storey complex is inspired by its surroundings, connecting the promenade, harbour, and sky to reflect the unique seafront and urban landscape. Striking diagonal lines allow the three towers of the complex to seemingly merge at points where water and sky…

Domaine Properties, a leading investment advisor and service provider offering end-to-end real estate solutions, is set to launch two open house events in Dubai. The first open house will take place on October 27 at Damac, followed by the other on November 3 at Dugasta, said the company in a statement. Domaine Properties regularly conducts open house events, but these two stand out as key opportunities for potential buyers, investors, and real estate enthusiasts to explore some of Dubai's most sought-after properties, it stated. Attendees will have the unique chance to tour luxury apartments, experience state-of-the-art amenities and engage with the Domaine Properties team to gain valuable insights into Dubai's dynamic real estate market. "Domaine Properties is committed to offering…

UAE-based Lincoln Star Real Estate Development has announced that it has broken ground on its new luxury residential project in Dubai South with targeted hand over in Q4 2025. The development features a total of 48 residential units including townhouses, studio, one- and two-bedroom units along with a range of luxurious amenities including a gym, swimming pools, landscaped gardens and event areas. "Lincoln Star Residence is a testament to our belief in the potential of Dubai's real estate market. We are confident that this project will set a new standard of luxury comfortable living as well as offer a compelling investment opportunity," said Ovais Latif, the CEO and Founding Partner, at the groundbreaking ceremony. The luxurious residential development will focus on sustainability and…