Azizi Developments has awarded a contract to the UAE-based National Engineering Bureau for the detailed design of eleven residential towers in its mixed-use development, Azizi Venice, in Dubai South. Azizi Venice is a premium development with over 30,000 residential units spread across approximately 100 apartment complexes, as well as over 400 luxury villas and mansions. The National Engineering...
Driven Properties, a leading real estate brokerage, has announced that a five-bedroom residence in the Villa Amalfi community on Jumeira Bay Island has set a new record for the most expensive townhouse ever rented in Dubai. At AED3.7 million ($1 million) per year, it is also one of the most valuable rental deals in Dubai’s history. Driven Properties agents Dalila Laaribi and Inga Brykulska set a...
Acube Developments has launched its second property project, Electra, a 38-story residential tower in Jumeirah Village Circle (JVC), Dubai, with over 50 amenities. Construction will begin in the second quarter of 2024, with a three-year completion timeframe. Inspired by the blue-white star in the constellation of Taurus, Electra will offer 278 luxurious apartments including studio, 1-, 2-, and 3-...
Jumeirah Islands has become a new hunting ground for elites choosing to make Dubai their home, joining the ranks of Emirates Hills, Jumeirah Bay Island, and Palm Jumeirah. According to global real estate consultancy Knight Frank, the Islands accounted for more than 10% of transactions worth more than Dh10 million in the last three years, demonstrating that the area can maintain its value and become a...
Garden home luxury villas in Palm Jumeirah catch the eye of prime Dubai real estate investors As the Dubai property market continues to break records in 2024, leading consultancy haus & haus Real Estate says the Palm Jumeirah is performing especially well on the sales front, with luxurious beachfront homes being targeted by wealthy global buyers. In particular, haus & haus experts say garden...
Dubai’s real estate market has reached a new high with the record sale of a villa in the Al Wasl District for AED61.5 million ($16.7 million), setting a new benchmark for luxury properties within the premium development. The Al Wasl District community is non-gated, providing high security with regular patrols while charging low service fees – an exceptional feature given its prime...
Emaar Properties has unveiled plans for a cutting-edge Music, Color, and Fire Plaza in Dubai Square, Dubai Creek Harbour. The plaza, which is strategically located near Dubai Creek Tower, will feature a combination of fire, vibrant colour displays, and synchronized music. When the multimedia displays are turned off, the plaza will seamlessly transform into a welcoming public space that encourages...
Retail rents in Dubai and Abu Dhabi have risen by double digits in recent months due to high demand and limited availability of quality stock. According to CBRE Middle East, rents in the UAE capital rose 14.7% in the first quarter of the year, while in Dubai they rose 10.5%. According to the real estate services firm, some of the demand is coming from foreign retail brands looking to enter the local...
A magnificent hotel and residential development will soon rise on Al Marjan Island in Ras Al Khaimah, ushering in a new era of luxury hospitality and leisure. The Unexpected Al Marjan Island Hotel & Residences, created by award-winning luxury developer Almal Real Estate Development in collaboration with the renowned Palladium Hotel Group, is expected to transform the island’s landscape with its...
Palm Jebel Ali, revealed by Sheikh Mohammed bin Rashid Al Maktoum, UAE Vice President, Prime Minister and Ruler of Dubai, offers luxury amenities for residents and visitors Spanning 13.4 square kilometres, Palm Jebel Ali is currently being developed by Nakheel, a world-leading Dubai-based real estate master developer Dubai-based master developer Nakheel has awarded contracts for infrastructure...
