The first casino in the nation will be located at Ras Al Khaimah's Wynn Marjan, according to a story published on Thursday by Arabian Business' sister publication Hotelier Middle East. According to Hotelier, Ras Al Khaimah is now creating the casino's gambling legislation using Singaporean and US laws as models. Additionally, Wynn Marjan is getting ready to launch a casino in the emirate. According...

In the first nine months of 2022, Sharjah saw real estate sales worth Dh16.6 billion, according to data released on Thursday. There were 65,314 transactions in total in the emirate over the time period, according to the Sharjah Real Estate Registration Department (SRERD). "During the first three quarters of 2022, the real estate market in the Emirate of Sharjah experienced an upward recovery and...

The upcoming Binghatti skyscraper in Dubai is anticipated to be the tallest residential structure in the world. The name "hyper-tower" was coined by the developer during this process. Binghatti has teamed up with Jacob & Co, a prestigious jeweler and watchmaker, for the campaign. “What Binghatti has done in real estate, by creating a brand through a distinct design philosophy and architectural...

On Monday, Mag of Life announced the opening of eight of the 12 homes at the Ritz-Carlton Residences, Dubai, Creekside, a part of the Keturah Resort. Each home is worth 177 million dirhams. The $1.3 billion luxury wellness complex elevates the concept of inspired living by providing residents and visitors with a distinctive, healthier environment with a 180-degree view of the Dubai skyline and the Ras...

RAK Properties declared a net profit of Dh27.55 million in the third quarter of 2022 on higher revenues of Dh289.58 million. The organization made this statement as it became more competitive in the marketplace today. According to a statement from the real estate company, from July through September 2022, its total assets increased to Dh6.24 billion, a significant increase over the Dh6.21 billion...

The Dubai Land Department (DLD) reported that on Thursday, there were 842 sales transactions worth AED1.96 billion, 112 mortgage agreements worth AED487.55 million, and 17 gift agreements valued AED30.97 billion. With the sales of 769 villas and apartments worth AED1.76 billion, 73 land plots worth AED195.5 million, 81 villas and flats worth AED429.3 million, and 31 land plots worth AED58.25 million,...

His Majesty Law No. (2) of 2022 modifying Law No. (5) of 2010 on real estate registration in the emirate of Sharjah was passed by Dr. Sheikh Sultan bin Muhammad Al Qasimi, a member of the Supreme Council and the ruler of Sharjah. As required by law, the text of Article (4) of Law No. (5) of 2010 shall be replaced with the following text: The only persons who are permitted to own property in the...

The UAE-based Azizi Developments has announced that it has sold all the apartments within the Park Avenue I development as well as 50% of that of Park Avenue II, with only a few units left to be released, in the thriving and well-connected residential area of MBR City in Dubai. 372 residential and 29 retail apartments are housed in three buildings on Park Avenue. A separate swimming pool and a fully...

For the week ending October 28, 2022, there were 2,217 real estate transactions totaling AED7 billion, according to figures provided by the Dubai Land Department. 234 plots were sold for a combined AED2.26 billion, while 1,983 apartments and villas cost AED4.74 billion. The top three land transactions were the sale of a plot of land in Island 2 for AED130 million, a plot of land in Palm Jumeirah for...

For the week ending October 21, 2022, 2,703 real estate transactions totaling AED8 billion were reported by the Dubai Land Department (DLD). 147 plots were sold for AED1.12 billion, while 2,023 apartments and villas cost AED4.79 billion. The highest deals involved two pieces of land: one sold for AED63 million on Island 2 and another for AED85 million in Al Thanayah. (real estate) The most...