The German premium bathroom and kitchen manufacturer will equip Riviera, Beach Oasis, Azizi Vista, Azizi Central, Azizi Grand, and Beachfront with high-end accessories    Azizi Developments, a leading private developer in the UAE, has renewed its partnership with Kludi GmbH & Co. The German firm will now supply various projects in MBR City, Dubai Studio City, and Dubai Sports City with brassware and accessories for its apartments and bathrooms. Kludi GmbH & Co. is a sustainable, leading manufacturer of high-end bathroom and kitchen fittings. Kludi RAK LLC caters to the Middle East, South Asia, and Africa with the best European technology and quality-ensuring processes. In his comments, Mr Farhad Azizi, CEO of Azizi Developments, said: “We are thrilled to be…

UAE-based Samana Developers has announced the launch of its key project, Samana Ivy Gardens 2, being set up at an investment of AED855 million ($233 million) in the Dubai Land Residence Complex within the Dubailand neighbourhood.   Spanning over a 1.5 million sq ft area, the key residential development features several key amenities including private pools, smart homes, gym, a steam and sauna room as well as a kids’ pool, a jogging track and a basketball court. It will also house a leisure pool deck, a barbeque area, a basketball court, table tennis, a cabana area, a shower area, and an aquatic gym. The Samana Ivy Gardens 2 boasts a climate-resilient design and features plenty of plantation to moderate the hot weather and has private pools in every apartment. The 35-storey…

Home values in the city have risen for 15 consecutive quarters Average rents for single-family homes have shot up to $96,000 Dubai’s red-hot real estate market is defying predictions of a slowdown, a sign that the Middle Eastern business hub may be breaking free from its boom and bust cycles.   “Prices continue to rise and Dubai’s transient nature appears to be over,” said Taimur Khan, head of research at global real estate consultancy CBRE Group Inc. “Whether new or long-standing residents, most are now buying for residential purposes and as a result we are seeing prices remain resilient.”   An increase in real estate prices Many analysts had expected the rise in property prices and rentals – which had made Dubai one of the…

For the third year in a row, the UAE is poised to become the world’s leading wealth magnet, with 6,700 wealthy migrants expected to call the UAE home by the end of 2024. According to Henley and Partners’ annual Private Wealth Migration Report 2024, the UAE’s millionaire population will grow significantly due to large inflows from the UK and Europe. With its zero-income tax, golden visas, and strategic location, the UAE remains the world’s biggest magnet for wealthy individuals. “With consistent high inflows from India, the wider Middle East region, Russia, and Africa, the anticipated influx of larger numbers of Britons and Europeans looks set to see the Emirates attract nearly twice as many millionaires as its nearest rival, the US, which is projected…

Dubai recorded 948 sales in the luxury property segment, each valued at Dh15 million ($4 million) or more, during the first five months of 2024, according to a new report. These high-value transactions were concentrated in key areas such as Palm Jumeirah, Mohammed bin Rashid City, Dubai Water Canal, Tilal Al Ghaf and Dubai Hills Estate, the report by property company Betterhomes found. These locations not only experienced the highest number of luxury property sales but also contributed significantly to the total value of transactions during this period. A Dh165.6 million sale at Ritz Carlton Residences by MAG in Dubai Healthcare City was the highest-priced primary home sale in the emirate so far this year, according to Betterhomes.     This was followed…

AQUA Properties has announced a significant milestone with the sale of over 900 units in its latest project, The Central Downtown, within just 100 days of its launch.   Demonstrating the robust demand for premium real estate in Dubai, The Central Downtown topped the charts in May, capturing an impressive 40.5% of all transactions in Arjan, according to Property Monitor.   Centrally located in Arjan, the project spreads over a sprawling 7-acre hub, making it the largest development in the community. The Central Downtown comprises four towers offering modern studios, and 1-3-bedroom apartments, featuring a 200,000 sq ft podium level with over 25 amenities. Residents will enjoy a golf simulator, wave pool, basketball court, outdoor cinema, padel tennis, and organic farm among…

Azizi Developments, a leading private developer in the UAE, has extended its collaboration with Xylem, the leading manufacturer of pumps, valves, heat exchangers and accessories for plumbing, wastewater, and HVAC. Xylem will now also supply Azizi’s fourth phase in Riviera, situated in MBR City, as well as Vista and Beach Oasis in Dubai Studio City, with the most technologically advanced, high-quality transfer-, booster-, and chilled-water pumps and sump pumps. Xylem is a prominent, highly accredited global brand for applied-water systems, providing an extensive selection of energy-efficient pumps, boosters, drives, valves, heat exchangers, controllers, and water systems for numerous applications in building services. In his comments, Mr. Farhad Azizi, CEO of Azizi Developments,…

DUBAI: Dubai South Properties has announced the sell-out of the final phase of South Bay, its unique development in the heart of Dubai South’s Residential District, in four hours after launching it onto the market. The new launch follows the sell-out of all previously launched units across different phases, reiterating the huge demand for properties in the area and the strategic approach by the company in launching its projects.   The new phase incorporated 160 units comprising three- and four-bedroom townhouses, as well as four- and five-bedroom semi-detached villas. Construction contracts for all phases have been awarded and work is progressing on site. Once complete, South Bay will feature over 800 spacious villas and townhouses, more than 200 luxurious waterfront…

Demand for off-plan homes in Dubai reached record highs in May, with the emirate witnessing a 41.6% month-on-month increase in new contract registrations, representing over 10,000 transactions and 69.4% of all residential sales, according to a new industry report.   Findings of the ‘ValuStrat Price Index - Dubai Residential Capital Values’ revealed that, last month, the emirate reported a 76.3% year-on-year increase in off-plan registrations for residential properties, with communities such as Jumeriah Village Circle and Meydan One driving up demand. The report also found Discovery Gardens and Dubai Hills Estate broke their individual records in May with the highest number of off-plan homes traded in one month. The volume of ready home transactions also grew 8.1%…

The UAE Cabinet, chaired by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, approved a new housing approval package for citizens valued at AED 1.682 billion. The package includes 2,160 decisions for beneficiaries of housing assistance in June 2024 under the Sheikh Zayed Housing Program.     The Cabinet also approved the launch of the "Manzili" bundle for beneficiaries of the Sheikh Zayed Housing Program. This bundle offers 18 housing services to citizens through collaboration with 24 federal and local government entities, simplifying the customer journey and the required documents by reducing the involved entities from 11 to 1 and the documents from 10 to 2. The procedures are reduced from 14 to 3 steps, and…

W Capital, the Dubai leading real estate brokerage, is organizing their special real estate exhibition in Al Ain, in cooperation with DHG Group (Swiss Real Estate Developer), to promote their projects. The two-days exhibition will kick off on Friday, June 7, 2024, at the Four Points Sheraton Hotel in Al Ain, from 10:00 am to 10:00 pm. “This exhibition is one of the important events that the company organizes periodically, and places it at the top of its local real estate agenda, as it has become a high-end platform for marketing important real estate projects, providing opportunities to reach diverse segments of real estate investors,” said Walid Al Zarooni, W Capital CEO. Al Zarooni stated that the real estate market continues strong performance, reaping the fruits of…

Muhammad Bin Ghatti,the CEO of BinGatti Developers said that the company plans to launch 12 new real estate projects in the second half of this year, an investment of more than AED10bn. BinGhatti said in  the latest statement to media on the sidelines of signing a strategic partnership with the Dubai Land Department DLD, to support the “Dubai Real Estate Broker Program”, that the company’s current projects are proceeding according to the schedule with high demand and good sales. He noted that sales of the “Mercedes Benz Places – Binghatti” project topped to about 90%, while sales of the “Jacob & Co Residences” project exceeded 50%. He pointed out that the real estate market in Dubai has become very attractive to investors and…