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...

Industry experts convened at a panel discussion foresee continued growth in the UAE's real estate market throughout 2024, despite global economic uncertainties. Projections indicate that Dubai and Abu Dhabi will collectively contribute approximately 34,000 and 8,000 units, respectively, to the burgeoning real estate landscape. Read this also : Zayed Housing Programme: A Key Contributor to Housing...

In a recent development unveiled on Tuesday, the Ras Al Khaimah government has significantly increased its stake in RAK Properties, raising it from a modest 5% to a substantial 34%. Read this also : Unlocking Freedom: 4 Criteria for Applying for the UAE Green Visa as a Skilled Worker This strategic decision was ratified during the company's annual general meeting held on March 20. The shareholders...

A recent report released on Wednesday reveals that prime residential real estate in the United Arab Emirates is poised to yield between 6.25% and 7%. According to CBRE Research’s 2024 Market Outlook for Middle East real estate, residential properties are projected to yield between 7% and 7.5%. Within the office sector, the anticipated yields for prime offices range from 6.5%...

Dubai, with its breathtaking skyline and reputation for luxury, has long been a magnet for property investors. The allure of sky-high yields and attractive tax benefits makes it a compelling destination for those seeking lucrative real estate opportunities. But is it truly worth buying property in Dubai now? Let's delve into the details to find out. Key Areas and Developments to Target: Dubai boasts a...

With an unprecedented booking of Dh15.5 billion, Sobha Realty concluded a remarkable 2023. The surge in demand for its luxurious properties propelled the company to achieve record-breaking sales, marking a 51% increase over previous years. Click Here to Read More : The Journey of Dubai’s Ambitious Airport Project Having surpassed its target of Dh15 billion in sales for 2023, Sobha Realty now sets...

ASALDI Properties introduces its groundbreaking project, Shades, with a total investment of EGP 2.5 billion, marking a significant entry into the Egyptian real estate market. The company aims to invest EGP 10 billion over the next five years, underscoring its commitment to the region's growth. Click Here to Read More : Union Properties Achieves Land Disposal Success in Dubai, Eyes Further...

Union Properties, a leading developer in Dubai, is making strategic moves by selling non-core land assets, signaling a significant milestone in its turnaround strategy and garnering substantial financial support. Click Here to Read More : Binghatti’s $300 Million Sukuk Issuance Receives Strong Investor Response Having already disposed of assets worth over Dh500 million, Union Properties emphasizes...

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...

In a recent announcement, Azizi Developments, a prominent UAE-based real estate developer, shared a progress update on their prime project, Pearl, located in the thriving Al Furjan growth corridor in Dubai. The development has reached an impressive 80% completion and is on track to be finished by the end of Q1 2024. According to Azizi, key milestones have been achieved in the construction process. The...