Samana, a Dubai-based private developer, announced the launch of the Dh1 billion Samana Lake Views Project on Thursday. The group plans to invest Dh12.5 billion in UAE real estate this year. Situated in Dubai Production City, the project includes twin towers with 1,006 apartments, featuring studios, one-bedroom, and two-bedroom units across a 794,000 square foot area. The...

Sheikh Mohammed bin Rashid Al Maktoum, Vice-President, Prime Minister of the UAE, and Ruler of Dubai, has approved plans for a new passenger terminal at Al Maktoum International Airport in Dubai South. The development is part of a broader strategy to shift all operations from Dubai International Airport to the new location over a decade. Read this also : Dubai’s Ultra-Luxury Real Estate Set to Soar...

Dubai's ultra-luxury real estate market is poised for significant growth, propelled by a surge in high-net-worth individuals (HNWIs) and substantial investment inflows during the first quarter of the year. By 2025, HNWIs are expected to account for a 24.6% increase in Dubai's real estate market, driving the luxury segment to unprecedented heights. read this also : Emaar Properties Announces Dh4.4...

Emaar Properties PJSC held its Annual General Meeting (AGM) on Monday, April 22, 2024, in Dubai. The company's shareholders approved the Board of Directors' proposal for a significant dividend payout of Dh4.4 billion ($1.2 billion), equivalent to 50 fils per share. This decision underscores the company's solid financial standing and dedication to providing value to its shareholders. Read this also :...

Binghatti, a prominent Emirati developer based in Dubai, is launching an expansive real estate project in the Dubai Hills district. The development, known as Binghatti Hills, is set to become the largest project in Dubai Hills, featuring 1,666 residential units and 21 retail spaces across a vast land area. Read this also : Dubai Developers Offer Free Repairs for Homes Damaged by Rain The unveiling...

Dubai residents who have been impacted by heavy rain can now seek help for property damage using a dedicated WhatsApp support number. This move comes under the directive of Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, ensuring authorities are prepared for severe weather. Read this also : Palm Jumeirah Villas See 63% Rent Surge in Q1 2024 The Mohammed bin Rashid Housing Establishment’s...

In the first quarter of 2024, Palm Jumeirah villas and townhouses experienced a significant increase in rent prices, according to a recent report. The area saw a 63% jump compared to the same period in 2023, reflecting its lasting appeal and high-end status. The average rent for villas and townhouses in Palm Jumeirah rose from AED 656,114 in Q1 2023 to approximately AED 1.07 million in Q1 2024, as...

The vibrant energy and lively atmosphere of Dubai Marina attracted a young couple of digital content creators to make it their home. Zhale Rousta, a digital content creator, fell in love with the neighborhood upon her first visit to Dubai in 2007. She and her husband, Nima Farahbakhsh, relocated to the UAE from Rasht, a coastal city in Iran, around a year ago. Read this...

In the wake of last week's heavy rainfall in Dubai, developers have taken proactive steps to support their communities by covering the cost of repairs for properties affected by flooding and damage. Private real estate developer MAG is extending its assistance to customers impacted by the inclement weather. MAG announced that it will cover all costs associated with repairing affected residences within...

In the first quarter of 2024, Ajman’s real estate sector saw a total transaction value of AED 4.3 billion, marking an impressive 26.6% growth compared to the same period in 2023. Read this also : A partnership between Aldar and Siemens makes Saadiyat Grove Abu Dhabi’s leading smart project Sheikh Abdulaziz bin Humaid Al Nuaimi, the Chairman of the Department of Land and Real Estate Regulation in...