Real Estate

Dubai’s Real Estate Sector records AED761 billion in transactions in 2024

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 ...

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“Andalusia Group” acquires a plot of land in Majan to launch its residential project worth AED 175 million

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 ...

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Elysian Developments Embarks on a Transformative Journey with launch of Esmé Beach Residences Valued at AED370 million

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 ...

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UAE real estate sees growth in projects, record deals in 2024

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 ...

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Bloom Holding Wins Best Mixed-Use, Best Residential, and Best Apartment Condominium Development in Abu Dhabi with Arabian Property Awards

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 ...

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HRE Development and One Broker Group Announce Complete Sell-Out of Skyhills Residences 2, Valued at over AED 650 Million within two months

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 ...

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Al Seeb Developers Announces Launch of Royal Regency Suites in Business Bay, Valued at AED 500 Million

DUBAI/GULF TIME For over three decades, Al Seeb Developers has been synonymous with quality, expertise, and value in the UAE’s real estate landscape. A part of the reputed Al Safeer Group, Al Seeb’s portfolio spans across residential properties, hotels, shopping malls, and commercial spaces. A name synonymous with luxury and quality in real estate, Al Seeb Developers, is now pleased ...

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Aldar redevelops Al Hamra Mall in Ras Al Khaimah

ABU DHABI / WAM Aldar Properties (Aldar) on Thursday announced the successful completion of the redevelopment of Al Hamra Mall in Ras Al Khaimah. The project enhances the mall’s status as a central hub for retail and dining in the emirate and is part of Aldar’s AED1 billion investment plan in key retail destinations. Situated in the heart of Al ...

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