Property prices and rentals in Dubai will continue to witness a rise until 2025 given that the population in the city is growing 300 per cent faster than fresh supply of properties in the first quarter of this year.   Real estate industry executives are extending their forecast for the three-year rally to next year as strong demand continues to outpace supply at a faster pace this year than estimated, especially after the UAE’s removal from the Financial Action Task Force’s (FATF) Grey List.   In February 2024, the UAE was removed from the FATF’s Grey List, which demonstrated the country’s transparency in financial transactions, hence, raising UAE’s profile among foreign investors.   Initially, the price rally seemed to be slowing down…

Reportage Properties, a leading UAE real estate developer, reported estimated sales at Dh2 billion since the beginning of the year until now.   Its sales exceeded Dh3.7 billion ($1 billion) during 2023, compared to Dh2.3 billion achieved during 2022, with a growth rate of 60 per cent.   Reportage Properties is organizing a special sales day at the Rosewood Abu Dhabi Hotel today.   The company is providing special offers on selected projects, including an offer of 10 per cent discount on all of their projects, with a 10 per cent down payment, and 1 per cent monthly installments until units handing off. There is also another offer that includes a 5 per cent discount, with a 5 per cent down payment, 1 per cent per monthly installments until unit hand off. The offer also…

UAE - Emirati developer Binghatti has announced plans to launch a new mega development in Dubai, comprising a total of 1,666 residential units and 21 retail spaces adjacent to Dubai Hills.   The landmark project, Binghatti Hills, is set to become the most expansive development within the community. The unveiling, on April 29, will be followed by a four-day sales event in Four Seasons Jumeirah, Dubai.   The project will draw inspiration from the natural contours of terrains. Binghatti Hills seeks to capture the serene ambiance of a rolling hillside and translate it into an architectural masterpiece that embodies the spirit of tranquility amidst the bustle of city living, said the developer.   “Binghatti Hills will feature private pools and lush sky gardens…

Dubai Ruler approved the plans on Sunday for the new passenger terminal at Al Maktoum International Airport. All of Dubai International Airport’s operations will be gradually moved to the new airport over ten years. The Dh128 billion terminal will be built, and work will start right away as part of the Dubai Aviation Corporation’s plan. Covering an area of 70 square kilometers, the airport will have five parallel runways and 400 aircraft gates. When finished, it will be five times larger than the existing Dubai International Airport (DXB). Technologies never employed in the aviation industry will also be used at the new airport. Announcing social media platform X, Sheikh Mohammed bin Rashid Al Maktoum, Vice-President, Prime Minister of the UAE and Ruler of Dubai,…

Six Senses announced the opening of Six Senses Residences Dubai Marina, their newest project, in partnership with Select Group, a real estate developer in Dubai. When completed, the 122-story complex will be 517 meters tall, the tallest residential tower in the world. Six Senses Residences Dubai Marina will integrate wellness amenities and infrastructure into its design concept, staying true to its wellness-centric philosophy. The development’s goal is to offer its residents a complete lifestyle, emphasizing happiness, well-being, and sustainability. There will be 251 homes in the development, including half-floor penthouses, duplex and triplex Sky Mansions, and two-to four-bedroom deluxe residences. To support residential health, each residence will have unique features like…

Samana, a private developer based in Dubai, launched the Dh1 billion Samana Lake Views Project on Thursday. This year, the group plans to invest Dh12.5 billion in UAE real estate.   Located in Dubai Production City, the twin towers offer 1,006 apartments with studios, one, and two bedrooms spread over a 794,000 square foot plot. The project is expected to be finished in October 2027.   “Samana’s new project is the beginning of an expansion to a new dimension of designs that are planned to be built near the waterfront developments. Developing our projects near the waterfronts are in response to the demand from our investors who prefer the resort-style communities as well as the prices that are within the reach of buyers and end-users,” said Imran Farooq, CEO…

UAE –  ARA Real Estate Development, a subsidiary of Core Holding, has revealed an AED 22 billion gated community project in Abu Dhabi. Named Arabian Hills Estate, the project is planned to be built on 244 million square feet, according to a press release. DECA Properties was appointed as the exclusive sales and marketing partner for the project. Arabian Hills offers open, freehold ownership, appealing to a diverse clientele seeking modern living. With stunning lagoons, natural pools, serene parks, and various recreational amenities including equestrian facilities and 5-star resorts, the project enhances the quality of life for residents and short-stay visitors alike. Hany Sabry, CEO of Core International Holdings, said: "We look forward to this collaboration with DECA…

Select Group, a leading real estate developer headquartered in Dubai, has announced the launch of Six Senses Residences Dubai Marina, marking a new chapter in ultra-luxury living. This significant milestone in architectural excellence is set to claim the title of the 'tallest residential tower globally' as it reshapes the Dubai Marina skyline, reaching a height of 517 metres, said a statement. The development follows the successful partnership between Select Group and Six Senses for the award-winning Six Senses Residences The Palm, Dubai and signifies Six Senses' first standalone residential development. Strategically located in the vibrant Dubai Marina district, the ultra-luxury 122-storey development embodies the essence of urban sophistication, offering residents an unparalleled…

The Emirati developer Binghatti is launching a new mega development in Dubai. The landmark project Binghatti Hills is set to become the most expansive development within the community. The unveiling of this project will be held on the 29th of April followed by a four-day sales event in Four Seasons Jumeirah, Dubai. The exquisite project will comprise a total of 1,666 residential units and 21 retail spaces. Drawing inspiration from the natural contours of terrains, Binghatti Hills seeks to capture the serene ambiance of a rolling hillside and translate it into an architectural masterpiece that embodies the spirit of tranquility amidst the bustle of city living. Binghatti Hills will feature private pools and lush sky gardens interwoven into the fabric of the architectural structure,…

Divine One Group has partnered with Devmark, the UAE’s leading real estate project sales and marketing consultancy, to launch Hammock Park, a resort-inspired residence in Wasl Gate, just minutes away from Sheikh Zayed Road. Devmark has been appointed as the master agent for the sales and marketing of the project Hammock Park, which presents contemporary, luxuriously furnished homes imbued with the vibrant spirit of Miami Beach. These modern resort-inspired residences promise to add a unique energy to one of Dubai's most sought-after emerging residential areas.   Hammock Park is being developed by Divine One Group and is designed as an exclusive all-in community for modern families. It offers a blend of style, innovative amenities, and a serene living experience across two…

Dubai, UAE: Axiom Prime Real Estate Development announced the launch of Milestone Residences, a luxury development in Jumeirah Village Triangle merging urban elegance with the charm of natural scenery. The project features 51 residences across one- and two-bedroom units, two-bedroom apartments with maids’ rooms, and two retail outlets.   Milestone Residences presents an unparalleled living experience, luxurious living, and a blending of urban sophistication with the tranquillity of natural surroundings. It also promises high ROI given its stunning views of the community park, strategic location with easy entry and exit, and convenient access within the community and destinations beyond.   Amenities at Milestone Residences include a state-of-the-art gym, a stunning…

Dubai UAE: LEOS Developments, the world-class international property developer, proudly unveils the launch of Weybridge Gardens 2, Provence Edition. With a project value of AED 188 million and building on the triumphant success of Weybridge Gardens in October 2023, this new residential development aims to establish a paradigm shift in modern living in Dubailand. Completion is slated for the end of 2026.   Weybridge Gardens 2 draws inspiration from the timeless allure of Provence, a cherished region in southeastern France, renowned for its lavender fields and rich heritage. Seamlessly blending contemporary architecture with chic French interior design, this iconic development exudes the signature glamour of Dubai. Designed and created by the esteemed architects and interior…