Real Estate

DUBAI/WAM ANAX Developments, a subsidiary of ANAX Holding, has broken ground to commemorate the construction of Evora Residences, within two months of unveiling the residential property.  With 80% of the property now sold out within 60 days of its launch, the developer is marking the milestone with a ground breaking ceremony. ANAX Developments has also signed an agreement with Adnann ...

DUBAI/GULF TIME Mohamed Hareb Al Falahi, Founder and General Director of Royal Liwan Real Estate, expects interest rate cuts in 2025 to boost UAE real estate sector, with lower financing costs and increased mortgage transactions, along with demand for safe assets with fixed returns such as gold and real estate. “When interest rates fall, the cost of borrowing declines, including ...

DUBAI/GULF TIME Mardi Holding – one of the biggest real estate development companies in Georgia – held a successful launch event to announce its expansion into the UAE real estate market in front of a packed house at the Grand Hyatt Hotel in Dubai. The event drew substantial investor interest, showcasing Georgia’s compelling real estate investment opportunities and establishing Mardi ...

DUBAI/WAM Meraas, a member of Dubai Holding Real Estate, has awarded a construction contract worth over AED1 billion to China State Construction Engineering Corporation (Middle East) (LLC) for Bluewaters Bay. Following the overwhelming response received for the project, this milestone marks a significant step in creating Dubai’s next iconic waterfront destination, with completion scheduled for Q4 2027. Bluewaters Bay will ...

DUBAI/WAM Dubai’s real estate sector recorded a total of 2.78 million procedures in 2024, the highest in its history. The record number of procedures, which include both real estate transactions and rental agreements, represent a 17 percent increase compared to 2023. Real estate transactions alone totalled 226,000, with a combined value of AED761 billion, a remarkable 36 percent growth in ...

DUBAI/GULF TIME Andalusia Group, the pioneering real estate developing company in Dubai, proudly announced the acquisition of a prime plot in Majan, Dubai, as part of its visionary expansion into the city’s burgeoning real estate market. This strategic move comes following the announcement of their Bottega project and aligns perfectly with Dubai’s ambitious growth plans, promising significant opportunities in a ...

DUBAI/GULF TIME After more than 18 years of distinguished success in Dubai’s real estate sector, Elysian Developments has made a bold entry into property development with the launch of its inaugural project, Esmé Beach Residences. Unveiled under the shadows of the iconic Museum of the Future – the beautiful venue was hand-picked by the founders to showcase their debut contribution ...

ABU DHABI/WAM The UAE’s real estate sector maintained its growth momentum throughout 2024, marked by an increase in real estate projects and infrastructure investments, reinforcing its position as a key pillar of the country’s economic growth. The vibrant real estate markets across the emirates underscored the UAE’s status as a global hub for property investments and an attractive destination for ...

ABU DHABI/GULF TIME Bloom Holding, one of the UAE’s foremost real estate development companies, has received three awards at the 2024 Arabian Property Awards for its fully integrated and all-inclusive project in Abu Dhabi, Bloom Living. This significant achievement marks the third consecutive year that Bloom Holding has been recognized by the Arabian Property Awards, highlighting the company’s dedication to developing premium communities that ...

DUBAI/GULF TIME HRE Development and One Broker Group have announced the successful sell-out of Skyhills Residences 2 in Jumeirah Village Circle (JVC), representing a significant milestone with a project valuation exceeding AED 650 million. This achievement underscores their continued success in delivering high-value real estate developments in Dubai’s competitive market. Skyhills Residences 2 offered fully furnished modern apartments, ranging from ...