GCC investors expected to spend more than $4bn in UK commercial property market annually: Bank of London and The Middle East report

 

• Falling interest rates, improved affordability to acquire assets and improved outlook for increased investment returns to drive GCC investor appetite
• Growing investment appetite for good quality and flexible assets with strong sustainability credentials seen as emerging trend
• Purpose-built student accommodation (PBSA) buildings experience rise in demand due to growing number of students form the Gulf region at British universities
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01 August 2024: Investment into UK commercial property by Gulf investors is expected to grow to more than $4bn (£3.1bn) annually, according to new research from Bank of London and The Middle East (BLME), a Sharia’a compliant bank based in London.

DAMAC Signs the Main Works Contract for DAMAC Harbour Lights

 

• Scope of work to include construction of 52-storey tower and 5-storey parking block
• This is DAMAC’s first project in Dubai Maritime City

Dubai, UAE – August 1, 2024 – DAMAC Properties is pleased to announce the signing of a new contract with Modern Building Contracting Co. (MBCC), one of the leading construction companies in the UAE. This partnership marks a significant milestone in the development of a 52-storey tower that will feature 294 luxurious apartments.

KLEINDIENST GROUP SELLS OUT FIRST PHASE OF MARBELLA RESORT HOTEL IN 8 HOURS

 

• The event saw over2,000 visitors. 
• The hotel brings Spanish charm under the IHG Vignette collection to Dubai, and features its own coral reefs and a kilometre-long raining street.

Dubai, United Arab Emirates, 17 July 2024: Kleindienst Group, a leading global business conglomerate and the master developer behind The Heart of Europe, has announced the successful sell-out of the first phase of its AED 1 billion Marbella Resort Hotel, Vignette Collection by IHG Hotels and Resorts on the World Islands. The exclusive launch event attracted over 2,000 visitors, highlighting the strong demand for luxury properties in Dubai’s thriving real estate market.

The first phase of the beachfront development, located on the main Europe Island, was sold out within 8 hours, underscoring the significant interest across various nationalities, including UAE nationals, Saudis, Indians and Europeans.

Sarah Ali, Chief Operating Officer of The Heart of Europe stated, ‘’We are delighted by the overwhelming response to the launch of The Marbella Resort Hotel. This project showcases our dedication to offering outstanding experiences that integrate cutting-edge innovation with sustainable practices. The swift sell-out of Phase 1 is a clear testament to the trust and confidence in our vision and the distinctive offerings of this development. We eagerly anticipate announcing the launch of future phases soon.’’

 

زويا للتطوير العقاري تدخل السوق العقاري في دبي وبقوة

زويا للتطوير العقاري تدخل السوق العقاري في دبي وبقوة

• كشف النقاب عن خطط لإنشاء مساحات سكنية تحمل روح المستقبل في المناطق المزدهرة مثل الفرجان وقرية جميرا الدائرية وجزر دبي
• تسليم أكثر من 100,000 وحدة سكنية بالإضافة إلى تطوير عقارات متميزة بمساحة إجمالية تجاوزت 2 مليون قدم مربع على مدار العقد الماضي

دبي، الإمارات العربية المتحدة – يوليو 2024 – أعلنت شركة زويا للتطوير العقاري، الشركة الهندية الرائدة في قطاع العقارات، عن خططها التوسعية للدخول إلى سوق العقارات الإماراتي، وذلك من خلال إطلاق مشروعها الأول في منطقة الفرجان في دبي، والذي يتوقّع تسليمه بحلول عام 2026.

ومن المزمع ان تشمل مشاريع زويا للتطوير العقاري مختلف المناطق الحيوية في دبي مثل الفرجان وقرية جميرا الدائرية ومنطقة مثلث قرية جميرا في دبي، لتضع بذلك معايير جديدة من الأناقة والتميز في تصميم المساكن الفخمة. وتتميز هذه المشاريع التي سيكشف النقاب عنها قريباً بتصاميمها الفسيحة والمساحات الخارجية المتكاملة والتقنيات المنزلية الذكية فائقة التطور، والتي صممت بعناية لتناسب احتياجات العملاء.

وتواصل شركة زويا للتطوير العقاري التي تحظى بخبرة واسعة تزيد عن 14 عاما تعزيز مكانتها في طليعة المطورين العقاريين، حيث حافظت على الصدارة بتصميمها المميز للمساحات السكنية الحديثة التي تمزج بين النواحي الجمالية والعملية وبتناغمٍ تام. وقد أكسبها نهجها المبتكر وتفانيها في تحقيق أعلى درجات الجودة سمعةً متميزةً على الساحة العقارية في الهند، حيث انجزت الشركة تسليم أكثر من 100,000 وحدة سكنية، بالإضافة إلى تطوير عقارات متميزة بمساحة إجمالية تجاوزت 2 مليون قدم مربع.

ZOYA DEVELOPMENTS MAKES LANDMARK ENTRY INTO DUBAI

 Zoya Developments Makes Landmark Entry into Dubai with Investment of over AED 2 Billion allocated for the next 3 years

• They have delivered over 100,000 units and developed more than 2M sq.ft. of prime real estate over the last decade
• Unveils Plans for Futuristic Living in Thriving Communities like Furjan, Dubai Islands & JVT 

Dubai, UAE – July 2024 –Zoya Developments, a prominent real estate developer from India, announced its expansion into the UAE market with Investment of over AED 2 Billion allocated for the next 3 years. This landmark entry is marked by the unveiling of their first project in Dubai’s thriving Furjan area, with a projected handover in 2026.

Zoya Developments’ inaugural projects in Dubai will be located in thriving localities like Furjan, Dubai Islands & JVT, promising new benchmarks in residential living. These soon-to-be revealed projects will feature spacious layouts, integrated outdoor spaces, and cutting-edge smart home technologies, all designed with a customer-centric approach.

MAG PARTNERS WITH MANTRA TO TOKENIZE $500 MILLION IN ASSETS, MARKING A UAE MILESTONE FOR REAL ESTATE

 United Arab Emirates, Dubai: 3 July 2024 — In a significant move in the global tokenized real world asset sector, MAG, a leading real estate developer in the UAE, announced a major partnership today with MANTRA, the Institutional-grade Layer 1 blockchain for tokenized RWAs, which will see the tokenization of half a billion US dollars’ worth of MAG’s real estate portfolio.

With MAG’s total real estate portfolio valued at over US$5bn, the collaboration with MANTRA aims to revolutionize real estate investment through the application of blockchain technology.Starting with Keturah projects – Keturah Reserve in Meydan, Dubai and Keturah Resort atDubai Creekside,the partnership will introduce a real estate financing vault on MANTRA’s purpose-built compliance-ready Layer 1 blockchain. This initial vault product provides investors with an attractive yield derived from an alternate asset class and is backed by the security of blockchain technology.

“Reportage Properties’ signed a Cooperation agreement with “Empire Holding Pakistan”

 “Reportage Properties’ signed a Cooperation agreement with “Empire Holding Pakistan”

– Initial investments of $300 million over the next five years

Abu Dhabi, United Arab Emirates

 Tuesday, July 2, 2024

Reportage Properties, the UAE leading real estate developer, headquartered in Abu Dhabi, signed an agreement with Empire Holding Pakistan, the leading residential and commercial real estate company based in Lahore, Pakistan, to launch a joint venture in the booming Pakistani real estate market.

The signing ceremony took place during a special event organized by Reportage Properties, on the sidelines of a special sales day on Sunday, June 30, 2024 at the Yas Hilton Hotel in Abu Dhabi.

Andrea Nucera, Managing Director signed the agreement on behalf of Reportage Properties, with Faisal Iftikhar, Managing Director of Empire Holding Pakistan.

Based on this agreement, which aims to enhance cooperation between the two companies, a new company with the name “Reportage Empire Pakistan”, will be founded to explore possible real estate projects in the Pakistani market, and develop the necessary marketing plans, in addition to a long-term strategy for the company’s expansion.

Dubai’s Real Estate Renaissance: Mortgage Market Thrives in 2024

 Dubai’s Real Estate Renaissance: Mortgage Market Thrives in 2024

Unlocking Opportunities as Property Transactions Surge by 20%

Date: Dubai, UAE, June 11, 2024

Dubai’s real estate sector continues its upward trajectory, marking a robust start to 2024 with a remarkable surge in property transactions. The first quarter alone witnessed a staggering 20% increase compared to the previous year, signaling a beacon of growth and prosperity in the emirate’s real estate landscape.

Mr. Haider Qureshi, Managing Director of Amity Mortgages.

Sales values soared by 25%, with apartments leading the charge at 26% growth, while townhomes and villas also experienced a substantial uptick of 23%. This flourishing market gained further momentum as an investment hub following its removal from the FATF Greylist earlier in Q1 2024. From upscale villas to waterfront apartments and commercial towers, Dubai offers a diverse array of real estate options, attracting both local and international investors seeking prime assets in a thriving environment.

Danube Group and Dubai SME Sign Cooperation Agreement to Boost Market Opportunities and Foster Growth for Emirati-owned SMEs

 Danube Group  and Dubai SME Sign Cooperation Agreement to Boost Market Opportunities and Foster Growth for Emirati-owned SMEs

Dubai, UAE – June 3, 2024 –  Danube Group, a leading conglomerate in the Middle East and Dubai SME, a subsidiary of the Dubai Department of Economy and Tourism (DET), mandated to develop the small and medium enterprise (SME) sector, have signed a Cooperation Agreement to diversify the buyer base and expand market opportunities for Emirati-owned SMEs. This strategic alliance seamlessly aligns with the vision of His Highness, Sheikh Mohamed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE, and Ruler of Dubai, and the goals of the ambitious Dubai Economic Agenda, D33 to further consolidate Dubai’s position as a leading global city for business and leisure.

Tabeer Development Allocates AED 1 billion for 2024 Inventory Expansion, Cementing its Position in the Industry

Tabeer Development Allocates AED 1 billion for 2024 Inventory Expansion, Cementing its Position in the Industry

Announces new project Parkside Boulevard coming in Arjan in Q4 2026

Dubai, UAE, May 2024: Tabeer Developments, has rapidly solidified its position as a leader in the real estate industry. Since its rebranding in November last year, the company has renewed its commitment to the growth of the industry in the UAE, and has allocated AED 1 billion in inventory to be launched in 2024.

In a hugely successful, full-house event at the One&Only One Za’beel, Tabeer Development unveiled their new look branding and latest project – in the presence of industry VIPs, Tabeer’s leadership team and hundreds of real estate brokers. The newly announced residential project Parkside Boulevard is an addition to Tabeer’s affordable luxury portfolio of upscale residential developments. The leadership team has recently broken ground for Parkside Boulevard which is coming up in Arjan in Q4 2026 and will be perfectly suited for family living.

Founded in 2014, Tabeer Developments has consistently pushed boundaries and redefined the standards of luxury living in Dubai. With a commitment to delivering high-quality and affordable residential spaces, the company has earned a reputation for excellence among local and expatriate residents alike. Today they have a real estate portfolio that spans across thriving community areas like International City, Dubai Sports City, Arjan, JVC. 

Veteran industry experts bring 50 years of real estate expertise with the launch of Svarn Developments

 Veteran industry experts bring 50 years of real estate expertise with the launch of Svarn Developments

Committed investments expected to be AED 500 million over the next 3-5 years*

In line with the Growth Trajectory in the Middle East Real Estate Landscape, at a $1.68 Trillion Valuation

Dubai, UAE, May 2024: Svarn Developments, built in the UAE by veterans in real estate and trading industries, is all geared to bring five decades of expertise to the future of the UAE’s fast-paced real estate market.

Ramesh Aswani, Chairman of Svarn Developments,Naresh Odhrani, Director, Svarn Developments and Shaikh Shamshuddin, Director, Svarn Developments.

Svarn honours the legacy of Ramesh Aswani, a distinguished senior engineer renowned for his transformative contributions to the industry. His vision and expertise have laid the foundation that has shaped communities and enriched lifestyles. With a focus on innovation and excellence, Svarn is not just about developing properties; it’s about crafting experiences and leaving a lasting imprint on the fabric of the city.

AARK DEVELOPERS ANNOUNCE AED 4 BILLION PROJECT, SORA BEACH RESIDENCES AT AL MARJAN ISLAND

AARK DEVELOPERS ANNOUNCE AED 4 BILLION PROJECT, SORA BEACH RESIDENCES AT AL MARJAN ISLAND

Dubai, UAE, May 2024 – AARK Developers, based in Dubai, UAE, with over 25 years of collective experience crafting iconic residential and hospitality properties, has announced the launch of its latest project SORA Beach Residences. 

The spectacular new property situated on the pristine shores of Al Marjan Island, Ras Al Khaimah, is valued at AED 4 billion.

The project was announced by Rahul Kumar Gupta, Chairman of AARK Developers at an exclusive VIP event hosted at the One&Only, One Za’ abeel in the presence of His Excellency Sheikh Sultan Bin Saqer Al Nuaimi; Architect Abdulla Al Abdouli, Chief Executive Officer, Marjan; Fadi Jabri, CEO of Nikken Sekkei FZ Dubai; and Ekta Jain, Head of Interior Design for Shalini Misra Design.

Danube Properties launches Dh. 2.4 Billion project in JLT – Diamondz

 Danube Properties launches Dh. 2.4 Billion project in JLT – Diamondz

• Diamondz – a luxurious project in JLT successfully marked a pioneering moment recently as it became the first venue in the Middle East to feature a gym equipped with superstar Salman Khan’s Being Strong Fitness Equipment
• Fastest-growing developer Danube Properties brings another jewel in its crown – the 65-storeyed Diamondz – which comes with 40 plus amenities and its trend-setting 1 percent monthly payment plan

Dubai, April 20, 2024: Danube Properties, the fastest-growing private real estate developer in the United Arab Emirates (UAE), becomes the first to launch a gym with Salman Khan’s ‘Being Strong Fitness Equipment’ range. Situated within its iconic 65-storeyed skyscraper named Diamondz at Jumeirah Lake Towers in Dubai, UAE; the most awaited project will boast a total development value of Dh 2.4 billion along with a gym that is set to revolutionise the fitness experience for customers keen to enjoy a healthy lifestyle by following a quality fitness regime.

Salman Khan’s Being Strong Fitness Equipment is meticulously designed, and this one-of-its-kind Danube gym is a part of Diamondz – the latest project by Danube Properties. The launch of Being Strong Equipment at Diamondz was attended by Salman Khan as the Chief Guest alongside other key dignitaries from the UAE.

World’s Best Property, Eywa Dubai, celebrates its ground breaking ceremony

 World’s Best Property, Eywa Dubai, celebrates its ground breaking ceremony and time capsule laying, marking the official commencement of construction

UAE, March, 2024:

The award-winning real-estate project EYWA marked the occasion of its construction launch by laying down a Time Capsule in its foundation – a long-standing tradition of R.Evolution.

EYWA’s Time Capsule contained photographs of the building, healing crystals and architectural plans, as well as precious items from the children of the team at R.Evolution, coins and bracelets amongst other things that signified the personal contribution to the future of the earth that the building is on. This energy time capsule encompasses the combined positive energy as a time-honoured ritual that R.Evolution has carried out in every project around the world over the last 25 years.

MERED and Pininfarina Successfully Present the ‘ICONIC Tower’ at MIPIM 2024

 MERED and Pininfarina Successfully Present the ‘ICONIC Tower’ at MIPIM 2024

Dubai, UAE, 18 March 2024 – MERED, a prominent international real estate developer, along with the globally renowned Pininfarina, an illustrious name in architectural design, successfully participated in MIPIM 2024 in Cannes, France, showcasing their flagship project, the ‘ICONIC Tower’, a symbol of ultra-luxury living in the heart of Dubai. Marking their inaugural participation at the world’s leading property event, the partners seized the opportunity to immerse themselves in strategic discussions and exploration of potential projects worldwide, reaffirming their commitment to innovation and excellence in the global real estate landscape. 

Sobha Realty achieves all-time high sales in 2023 with record bookings of AED 15.5 Billion

 Sobha Realty achieves all-time high sales in 2023 with record bookings of AED 15.5 Billion

Dubai 1 March 2024: Sobha Realty, a leading real estate developer in the region committed to delivering unrivalled quality and luxury, concluded the year 2023 with record-breaking sales. The company recorded all-time high sales of AED 15.5 billion in 2023, demonstrating the surging demand for its luxury properties. 

In 2023, the company witnessed a 51 per cent growth in sales across its diverse portfolio of residential and commercial developments in Dubai. The company attained its sales target of AED 15 billion in 2023 and is aspiring to achieve AED 20 billion in 2024. Sobha Realty’s steadfast commitment to ensure utmost excellence in design, craftsmanship, quality, and customer satisfaction, as well as timely delivery of its projects have been key factors for the rising demand for its properties. The company handed over 1819 units in the last year across 2 of its completed projects, before their due date. In view of this sales growth, the company has attained a market share of ~10 per cent by value in Dubai during the year.

IPS 2024 Wraps Up with Record Attendance and Pioneering Insights

 IPS 2024 Wraps Up with Record Attendance and Pioneering Insights

Dubai, UAE, 01 March 2024: The International Property Show (IPS) 2024 reached its grand finale at the Dubai World Trade Centre on February 29, marking the culmination of three days filled with record attendance, dynamic discussions, groundbreaking insights, and unparalleled networking opportunities.

As the premier platform for real estate professionals, IPS 2024 once again set the stage for industry leaders, innovators, and stakeholders to converge, collaborate, and chart the course for the future of global real estate.

DAMAC Welcomes a New Dawn of Luxury with the Launch of “The Sapphire”

 DAMAC Welcomes a New Dawn of Luxury with the Launch of “The Sapphire”

• Featuring 1-, 1+study, 2-, and 3-bedroom luxury apartments, 2-bedroom townhouses and two unique penthouses with their unique expansive terraces and private pools with unparalleled amenities, branded de GRISOGONO
• Set directly on the edge of Safa Park in one of the most sought-after residential destinations in the city, the residences offer direct views of the Dubai Canal, an extended stretch of Jumeirah, Sheikh Zayed Road and the Arabian sea
• The Sapphire marks the third launch in the Safa series, after predecessors Safa One de GRISOGONO and Safa Two de GRISOGONO

Dubai, UAE, 16 February 2024 – DAMAC Properties, a leading luxury real estate developer in the UAE, announces the launch of “The Sapphire” tower, the third launch completing the latest luxury lifestyle collection Safa series boasting luxurious unique interiors.     

The Sapphire offers residents a haute attitude of high-end living and an ideal balance of urban convenience and luxury leisure. Residents and visitors are welcomed by an immersive ring of light in the lobby. They can unwind in the infinity pool with stunning Safa Park and water views on the Podium. At the rooftop, co-working spaces surrounded by lush greenery and sunflowers offer inspiration, with dedicated pods to trick one’s circadian rhythm. Relaxation awaits at the luxury spa retreat (at the podium level next to pools and the gym) and a tranquil Canary Garden (at the roof level next to the coworking spaces), while fitness enthusiasts can stay active at the running track and 24/7 indoor fitness centre. At The Sapphire, every amenity is designed to enhance residents’ lifestyles and provide an exceptional living experience, immersed in nature.

Introducing AB Cavalier: A Sustainable Living Vision in Dubai by AB Developers

 Introducing AB Cavalier: A Sustainable Living Vision in Dubai by AB Developers

Dubai, United Arab Emirates – AB Developers is thrilled to present AB Cavalier, an iconic development project designed to satisfy the changing needs of the modern homeowner, in an innovative step that will redefine sustainable living in Dubai. This project strengthens AB Developers’ standing as a sustainable real estate development pioneer and is a major step towards building lively, environmentally friendly communities.

With a longstanding commitment to building sustainable living spaces, AB Developers leverages its extensive expertise to pioneer AB Cavalier, promising an innovative approach to community living. “Our mission goes beyond mere construction; we aim to create communities that residents are eager to call home, blending luxury with sustainability,” says Badie Wasef, CEO of AB Developers.

In partnership with Icon Homes, a prominent real estate firm known for its complete property solutions and industry knowledge, AB Cavalier is well-positioned to provide a unique living experience. “Working with AB Developers enables us to combine our knowledge with their innovative projects, providing our customers with the best in sustainable living,” says Icon Homes founder Saeed Al Zubaidi.

Rabdan Real Estate projects were in focus “W Capital “Abu Dhabi and Al Ain exhibitions

 Rabdan Real Estate projects were in focus “W Capital “Abu Dhabi and Al Ain exhibitions concluded

Walid Al Zarooni:

* Strong demand and increasing real estate interest in investing

* Real estate sales in Dubai are expected to reach Dhs450-500bn

Dubai – United Arab Emirates

Friday, February 9, 2024

W Capital, a Dubai-based real estate brokerage, successfully concluded two real estate exhibitions in Abu Dhabi and Al Ain, in cooperation with Rabdan Real Estate, with the aim of marketing the company’s various projects.

The activities of the first exhibition in the Emirate of Abu Dhabi were launched on Monday, January 22, 2024, at the Dusit Thani Hotel, Abu Dhabi, and continued for 3 days, while the second exhibition was organized in the city of Al Ain at the Hili Rayhaan Rotana Hotel from February 2nd to 4th.

“The results of the two exhibitions were positive thanks to large demand from customers and a strong desire to learn about the best opportunities available for real estate investment in the Emirate of Dubai and to catch them immediately,” said Walid Al Zarooni, W Capital CEO.