With Trojan General Contracting, Q Holding Group has signed two agreements to design and construct 1,742 villas for Emiratis in the Al Samha and West Baniyas areas of Abu Dhabi. The two agreements follow a collaboration between Q Holding and the Abu Dhabi Housing Authority to develop the two regions in line with the 2030 Vision for Abu Dhabi, which calls for the development of sustainable communities...

Tenants have to shell out more as rents have been on the rise in the post-pandemic period across the UAE. According to Property Finder’s first-quarter report, rents in Dubai jumped 18 per cent as compared to the same period last year. While average rental prices in Q1 2023 rose by seven per cent as compared to Q1 2022 in Abu Dhabi.Going forward, industry executives say that the upward trend in rents...

Aldar Properties has acquired Basatin Landscaping as part of its drive to further scale up and broaden its integrated property and facilities management platform, Aldar Estates. Through this transaction, valued at Dh150 million, Aldar will hold a majority stake of 75 per cent in Basatin, with the remaining 25 per cent held by a strategic partner. Basatin is a provider of a wide range of landscaping...

The first residential project for the French luxury carmaker, Bingatti, was unveiled in Dubai on Wednesday night by family-owned developer Binghatti, as the demand for branded and ultra-luxury residences continues to rule the local real estate market in the wake of the pandemic. There will be 171 mansions and 11 sky mansion penthouses, each of which will take up a whole level, in the 43-story...

A new beachfront development featuring modern apartments with a mix of studios, and one-, and two-bedroom apartments has been launched by RAK Properties, a renowned UAE real estate developer, on Hayat Island in Mina Al Arab, Ras Al Khaimah. The developer claimed that the uniquely built apartments at Bayviews offer inhabitants an opulent living environment while enhancing the natural beauty of the...

The Khorfakkan Mountains and the Gulf of Oman are the backdrop for the opulent freehold property known as Ajwan — Khorfakkan Residence, which was formally launched on Thursday by Sharjah Development and Investment Authority (Shurooq), the project's master developer. The 65,269 square meter project will have six residential towers with 184 units total, including spacious 2, 3, and 4-bedroom...

Within The Boulevard, an upmarket residential development within its Sharjah mega-community Aljada, Arada has finished 585 homes. The nine-story structures are located near to East Boulevard, Aljada's main thoroughfare. The Boulevard is made up of three apartment buildings with a variety of amenities and is surrounded by a beautiful, vegetative landscape. Homes offer a selection of one-, two-, and...

The Dubai master developer launched Nakheel Marinas Dubai Islands on Wednesday. The new marina, which is situated along Dubai’s northern coastline, can accommodate up to 13 superyachts at once. It has 40 dry berths for trailers up to 20 meters in length and 248 wet berths for vessels up to 47 meters. Boat and yacht owners will have access to a variety of facilities, including complimentary WiFi,...

According to data provided by the Dubai Land Department (DLD), 3,105 real estate transactions of AED9.1 billion were completed in Dubai for the week ending May 19, 2023. 191 plots were sold for AED1.14 billion, and 2,284 flats and villas were sold for AED6.03 billion, based on the DLD report. The top three deals involved the sale of a plot of property in Island 2 for AED135 million, a plot of land...

According to data provided by Dubai’s Land Department (DLD), the real estate market in Dubai saw 507 sales transactions worth AED1.46 billion on Wednesday, along with 149 mortgage deals totaling AED250.81 million and 20 gift deals totaling AED115.72 million. 37 land plots valued at AED 92.11 million and 470 houses and apartments for AED 1.36 billion were sold. r The mortgages covered 22 land plots...