Master developer Nakheel and Spain’s RIU Hotels & Resorts have signed a contract worth AED385 million ($104.8 million) for the construction of their 800-room, joint venture beachfront resort and water park at Deira Islands in Dubai. Set for delivery…
The value of annual land sales in Dubai has risen by AED30 billion ($8.17 billion) over the last five years, with Business Bay identified as a key area for further growth, according to new research. fäm Properties, one of the…
Crown Prince Sheikh Hamdan has directed Dubai Municipality chiefs to draft a housing plan that will satisfy the expected property needs of UAE nationals over the next 30 years. In a series of tweets, Sheikh Hamdan said the project will…
Damac Properties has announced that all units in phase one of its Just Cavalli villas at golf development Akoya Oxygen have sold out. To cater to the strong investor interest, Damac said it has released additional units for sale. Priced…
Emaar Properties has announced that it will develop about 10 million sq ft of waterfront residences and a new hotel project at Dubai Harbour, which was launched earlier this year by ruler Sheikh Mohammed bin Rashid Al Maktoum. Emaar said…
UAE-based Azizi Developments on Thursday announced that it has recorded sales of AED1.3 billion ($350 million) over the Cityscape Global 2017 event in Dubai. The developer said that on day one of Cityscape alone, the entire phase one and 50…
Luxury residential and hospitality property developer Seven Tides will offer homes in Dubai with a reservation fee of just 1 percent at next week’s Cityscape Global show. The promotion will apply to its Anantara The Palm Dubai Residences and DUKES…
Arada has launched what is set to become Sharjah’s largest ever real estate development. Occupying an area of 2.2 sq km, the Aljada urban district will boast a gross real estate value of $6.5bn (AED24bn) and a total population of…
The new list confirms that UAE nationals are most active, outperforming all other nationalities. Sultan Butti bin Mejren, director general of Dubai Land Department, revealed that 217 nationalities have invested a total of AED151 billion in Dubai’s real estate market…
Sales prices for apartments in Makkah increased by around 3.1 percent over the first half of 2017, according to JLL’s H1 2017 Makkah Real Estate Market Overview report. Sales prices for villas also increased by 5 percent, consistent with data…