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...

Emaar Properties has announced its intention to provide free repairs for homes within its Dubai communities that were impacted by the intense rains earlier this week. In response to the adverse weather conditions and heavy rains experienced in Dubai, Mohamed Alabbar, chairman of Emaar Properties, stated, "Emaar will undertake the repair of all properties within our communities damaged by the recent...

Dubai South Properties has awarded a lucrative contract worth AED 1.50 billion to Al Kharafi Construction Company for the construction of the third, fourth, and fifth stages of the South Bay project. The fourth phase of the project, spearheaded by Al Kharafi Construction, is already underway and slated for completion in the first quarter of 2027. This phase will comprise 138 units, including five...

NEOM, the futuristic city developer in Saudi Arabia, has unveiled its latest addition to its evolving regional development in northwest Saudi Arabia - Gidori, an exclusive private golf community nestled among the picturesque coastal hills of the Gulf of Aqaba. Situated on the stunning Gulf of Aqaba shoreline, Gidori seamlessly integrates active recreation and championship golf within an ultra-modern...

Plans for Waldorf Astoria Residences Dubai Downtown, set to be completed in 2028, have been unveiled by Hilton and NABNI Developments, a leading real estate developer in Dubai known for its prestigious properties. This project marks the first standalone Waldorf Astoria residential address outside of the US, promising to enhance the esteemed hospitality brand's global presence while redefining luxury living...

Emaar Properties, renowned for its innovative architectural landmarks, has introduced two groundbreaking projects: The Heights Country Club in Dubai and Grand Club Resort adjacent to The Oasis. These ventures, totaling AED 91 billion, reflect Emaar's commitment to setting new standards in high-end living experiences while strategically expanding its portfolio to include villas and...

In Dubai, the allure of branded residences has sparked a real estate boom, with rents soaring up to 100% higher than non-branded counterparts. The driving force behind this surge lies in the opulent amenities offered by these exclusive developments and the growing demand from affluent buyers seeking premium living experiences. Read this Also : Dubai International Financial Centre (DIFC) Area Guide: The...

Arada, the renowned developer, has achieved a significant milestone with the completion of the initial homes in Masaar, an expansive forested project nestled in Sharjah's Suyoh district. The handover process for the 430 homes in the Sendian district has commenced, marking a momentous step in the realization of this ambitious project. Read this also : Alef Group Unveils Nama 3, a Premier Residential...

In 2023, Dubai witnessed an impressive surge in the sale of homes priced at $10 million and above, with transactions skyrocketing by over 92%, totaling 431 sales. This robust activity underscored the active participation of affluent investors in Dubai's thriving real estate market. The year saw several records shattered, and indications suggest that this trend is set to continue throughout 2024. Read...

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...