UAE-based Azizi Developments has announced that 70 per cent of the work has been completed on its premium Beachfront I project in Riviera, its French Mediterranean-inspired waterfront community in MBR City, Dubai. Giving a project update, Azizi said the project’s structure is fully ready, with blockwork and internal plastering standing at 98 per cent completion. Tiling works have reached 50 per cent, while HVAC and MEP installations stand at 83 per cent and 68 per cent, respectively. Façade works are at 29 per cent, external works are at 15 per cent, and overall finishes have progressed to 49%, it stated. Supported by a workforce of 3,200, construction remains firmly on track for completion in Q4 2025, it added. Group CEO Farhad Azizi said: "Beachfront in Riviera is…

Amanat Holdings has made a net cash return of 294 million UAE dirhams ($80 million) from the sale of the real estate assets of North London Collegiate School in Dubai for AED453 million.According to the company, the transaction has delivered an unlevered cash-on-cash multiple of 1.7x and an internal rate of return of 10%.Amanat’s total investment in the asset stood at AED 393 million, which includes AED 360 million in acquisition price paid in June 2018, followed by a capital expansion of AED 33 million.The proceeds from the transaction will be deployed in new opportunities, with a strong focus on scaling high-performing assets, CEO John Ireland said.

Leading UAE developer Damac Properties has announced the launch of Capri One, a new phase at the Riverside Views project being developed as part of its master community Damac Riverside in Dubai. Located in Dubai Investments Park near Expo City Dubai, Damac Riverside Views is quietly central, providing easy access to key roads and major highways. The new phase, Capri One at Damac Riverside Views, will include stylish one and two-bedroom apartments, said Damac in a statement. The residences positioned on either side of the river will blend urban energy with stunning waterfront views and bring an extraordinary lifestyle for residents, it stated. Speaking at the official launch, Amira Sajwani, Managing Director, Damac Properties, said: "As Dubai continues to evolve, so do we, shaping its…

UAE - DMDC, a premier Dubai-based construction and interior design company, has announced its official expansion into Abu Dhabi in a move that signifies both strategic growth and a commitment to innovation across the emirates. This exciting new chapter begins with an exclusive luxury renovation project at the prestigious Four Seasons Residences, a property that reflects the firm’s design ethos and attention to detail, said the developer in a statement. DMDC’s move to Abu Dhabi comes on the back of the recent launch of DMDC Estates, the company’s property investment arm. Having operated exclusively in Dubai for over four years, DMDC said it has built a robust reputation for delivering visually striking and highly functional spaces that redefine modern living. The…

Meraki Developers has announced the successful on-schedule handover of The Haven, a landmark residential community located in Majan, Dubailand.  Conceptualised as a contemporary residential enclave, the key development blends urban accessibility with tranquil living.  Featuring spacious layouts and premium interior finishes, The Haven offers a comprehensive suite of high-end amenities designed to support modern lifestyles, including wellness facilities, co-working spaces, separate adult & kids’ swimming pools, solar-powered parking, and recreation areas such as party hall, recreation lounge as well as indoor and outdoor children’s play spaces. This delivery underscores Meraki’s commitment to providing a quality living experience to residents, who will…

Binghatti Holding Ltd (“Binghatti Holding”), one of the UAE’s fastest growing real estate developers, celebrated the debut of its USD 500 million 5-year Senior Unsecured Sukuk on the London Stock Exchange with a ceremonial bell-ringing event, marking a key milestone in the company’s international growth journey. The sukuk, issued under Binghatti’s USD 1.5 billion Trust Certificate Issuance Programme, was oversubscribed five times, attracting over USD 2.5 billion in orders from a diverse pool of regional and global investors. The issuance was priced with a profit rate of 8.125%, reflecting investor confidence in Binghatti’s robust financial position. The company is rated BB- by Fitch and Ba3 by Moody’s, both with stable outlooks.  Founder…

Barcelona’s real estate market continues to attract global interest, with over €4.5 billion invested annually in property transactions and a renovation sector valued at more than €20 billion across Spain—a significant portion concentrated in Catalonia, home to one of Europe’s richest architectural legacies. Against this backdrop, Andalusia Group, one of Dubai’s leading development firms, has announced its expansion into Europe with the launch of Oliva 1852, a new company based in Barcelona dedicated to the renovation, modernization, and adaptive reuse of residential and commercial properties.   Bringing the scale, sophistication, and premium standards of Dubai’s luxury real estate market to Barcelona, Oliva 1852 represents a…

The Dubai-listed developer Emaar Properties posted a net profit attributable of 7.08 billion UAE dirhams ($1.9 billion) for H1 2025, marking a 33% year-on-year (YoY) increase, driven by robust property sales. Revenue rose 38% YoY to AED 19.8 billion, supported by strong performance across its development, retail, hospitality, and international segments. The company’s revenue backlog from property sales surged 62% YoY to AED 146.3 billion as of June-end. Emaar Development Emaar’s majority-owned subsidiary, Emaar Development, reported a 50% YoY rise in net profit (before tax) to AED 5.5 billion for H1 2025. Revenue grew 35% YoY to AED 10 billion, while its revenue backlog climbed 59% YoY to AED 117.7 billion as of June 30. The build-to-sell property development arm…

Shamal Holding, a leading UAE-based diversified investment firm, has unveiled - Naïa Island Dubai - a landmark private estate set to redefine ultra-luxury living in the region. Located just off Jumeirah’s coastline and seamlessly connected to Dubai’s principal roadways, Naïa Island Dubai has been designed as a resort masterplan shaped around open green spaces and coastal terrain. Its low-lying architecture offers unparalleled views of Dubai’s iconic landmarks, beautifully framed by the open sea. It is intended to provide residents and guests with the ultimate sense of exclusivity, privacy, and natural beauty. At its heart, the island hosts the region’s first Cheval Blanc maison, which promises to set new standards for hospitality in the region, said…

The first six months have highlighted a strong, thriving Dubai real estate market, with robust buyer demand and rising sales, according to leading real estate advisory and property consultant, Cavendish Maxwell. The residential property sector secured over AED262 billion ($71.3 billion) worth of sales in H1, across 91,900 transactions – up 23% year-on-year but down slightly compared to H2 2024, largely because of reduced off-plan activity caused by fewer launches and seasonal factors, stated Cavendish Maxwell in its new insight and analysis. While off-plan sales still dominate, accounting for more than 70% of transactions, Cavendish Maxwell’s report shows increasing demand for ready properties, which hit record highs between April and June this year, at 14,200 transactions,…

Azizi Developments, a leading private developer in the UAE, has announced the launch of Azizi Abraham, a vibrant new residential development located within the Jebel Ali Free Zone (Jafza). The project features a selection of studios, one-, two- and three-bedroom apartments with stylish exteriors, ultra-modern interiors, and exclusive amenities. These include rooftop infinity pools, a modern cinema, fully equipped fitness centre, kids’ play areas, saunas, jacuzzies, steam rooms, BBQ areas and landscaped jogging and cycling tracks, said Azizi in a statement. Set against the Shiekh Zayed Road backdrop with immediate metro connectivity, Azizi Abraham offers excellent accessibility to key commercial and leisure destinations, including Ibn Battuta Mall, Dubai Marina, Expo City, and Al…

As UAE continues to implement its key urban agenda, its residential real estate sector is poised to register steady and sustained growth over the coming years, according to Arabian Gulf Properties, a key real estate developer. The value of residential real estate transactions is projected to witness a compound annual growth rate (CAGR) of 2.66% over the next four years, stated the developer in its report. This trajectory reflects a robust outlook for the UAE’s property market, buoyed by growing investor confidence, strong policy support, and the nation’s continued appeal as a hub for economic opportunity and lifestyle excellence, it added. Arabian Gulf Properties, under the leadership of Chairman Badar Rashid Alblooshi, views this trend as a clear signal of the…