Real Estate

Sharjah records 1,246 sales deals covering 10.4 million square feet

SHARJAH / WAM The Sharjah real estate achieved a solid and exceptional performance in the first month of 2025, as the volume of real estate transactions reached AED7 billion during January, while the total number of transactions reached 11,116, and the total area traded in sales transactions reached 10.4 million square feet. Generally, the Sharjah real estate has witnessed remarkable ...

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HRE Development launches SkyHills Astra: A landmark with a heart

DUBAI / GULF TIME HRE Development has officially launched SkyHills Astra – a revolutionary residential project that embodies the spirit of social responsibility and purpose driven living – at an exclusive event held at the Grand Hyatt Hotel Dubai, attended by real estate brokers, investors, and VIPs. Located in Al Barsha South, opposite Dubai Hills Estate, SkyHills Astra is not ...

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Within 13 Months: Burtville Developments” Achieves 50% Completion on “Ville 11” Project in Masdar City

ABU DHABI / GULF TIME Burtville Developments has announced a significant milestone in the progress of its flagship project, “Ville 11”, located in Masdar City. According to data from the DARI platform, affiliated with the Department of Municipalities and Transport in Abu Dhabi, construction work on the project has reached 50% completion. Burtville Developments has  stated that the construction progress, ...

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Interest rate cuts to boost UAE real estate sector in 2025

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 ...

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Mardi Holding celebrates successful UAE launch, attracts strong investor interest in luxurious new Georgian real estate projects

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 ...

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Meraas awards over AED1b construction contract for Bluewaters Bay in Dubai

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 ...

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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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