In a recent press release, real estate giant DAMAC Properties announced winning contracts totaling $81.74 million for its DAMAC Hills 2 project. The main works package, valued at AED 300 million, includes significant contributions from key partners. Visit the Properties for Sale with NBS Real Estate : For Sale - Click here Key Highlights: China Tiesiju Civil Engineering Group: Awarded the first...

Trojan General Contracting has successfully secured a construction contract valued at AED 584 million from Q Properties, a prominent real estate developer in the United Arab Emirates and a subsidiary of Q Holding. The contract is designated for the construction of 302 townhouses and 110 twin villas within the completely sold-out Reem Hills Phase 1. Read More : UAE Property Buyers Embrace Mortgages with...

Dubai's real estate market witnessed a remarkable surge on Wednesday, as reported by the Dubai Land Department (DLD). The data reveals a total of 494 sales transactions, amounting to AED 2.18 billion. In addition, the day recorded 101 mortgage deals, totaling AED 1.07 billion, and 42 gift deals reaching a sum of AED 787.19 million. Read this Also : Discover the Anticipated Hotels in Dubai Set to Open in...

Dubai, a city synonymous with luxury and innovation, is gearing up for the unveiling of several upscale hotels in 2024. These developments, a testament to the city's thriving tourism and real estate sectors, promise an unparalleled experience for residents and visitors alike. Five Luxe: Adding to Dubai's hospitality landscape, the renowned FIVE chain is expanding with the introduction of FIVE LUXE at...

In 2024, a significant shift is expected in the UAE real estate landscape as more property buyers, especially end users, are projected to opt for mortgages. The catalyst behind this trend is the anticipated drop in interest rates, estimated to decrease by up to 100 basis points. Real estate experts emphasize the substantial influence of mortgage rate fluctuations on the decision-making process of...

In a strategic move, Sharjah-based developer Arada has made a noteworthy entry into the dynamic Dubai real estate market by acquiring a prime Dh600 million plot in Zabeel 2. The announcement on Tuesday revealed that Arada, a prominent master developer, envisions the construction of a 50-story luxury residential tower featuring 400 upscale apartments on this expansive 138,466-square-foot plot. Read this...

Amid a year marked by substantial growth, estimated between 23–30%, the upscale residential rental landscape in Dubai is poised for another significant upswing, with expectations of a 20% increase in 2024. Experts attribute this projected surge to various factors, including Dubai's growing allure as a haven for the affluent, heightened investor interest, an influx of professionals, and a surging...

In a bold move that has captivated luxury real estate enthusiasts, Emerald Palace Group (EPG) has officially listed Dubai's largest penthouse for sale at a staggering Dh600 million. The Super Penthouse R1, spanning the top three floors and rooftop of Raffles The Palm Dubai Residences, sets a new benchmark in Dubai's real estate history with a colossal built-up area of 77,707 square feet. Read this :...

Binghatti Developers, a prominent real estate and property development company based in Dubai, has achieved a remarkable feat by completing the Binghatti Heights project ahead of schedule. This project, nestled in Jumeirah Village Circle (JVC), comprises 365 residential units and reflects the company's commitment to excellence in the dynamic Dubai real estate market. Read this : Qatar’s Real Estate...

In a remarkable feat, Qatar's real estate market has witnessed an impressive surge, with trading volumes exceeding a substantial $87.08 million within a mere three days. This swift acceleration in real estate transactions showcases the dynamism and vitality of Qatar's property sector. Read this : Dubai Continues to Spearhead GCC Real Estate Market in 2024: Kamco Invest Report The robust performance...