News

Once again, the International Real Estate Investment and Development Event, Cityscape, will offer a fantastic setting for the local and international real estate communities to engage, develop joint venture agreements, and exchange thoughts regarding the future of the sector. Investors and developers will have the opportunity to connect in person at a series of targeted networking events that will be...

The real estate market in Dubai witnessed 553 sales transactions worth AED1.43 billion on Tuesday, along with 107 mortgage agreements totaling AED387.11 million and 12 gift deals totaling AED43.73 million, according to data provided by the Dubai Land Department (DLD). The sale of 508 villas and apartments for AED1.09 billion, the mortgage of 81 villas and apartments for AED331.43 million, and the...

Emaar Properties announced on Monday that its first nine months of profitability had increased again, helped by robust real estate sales and improvements in the operation of businesses that bring in recurring income. The Dubai-based property tycoon announced in a statement that it generated Dh18.9 billion ($5.1 billion) in revenue between January and September 2022, supported by the booming Dubai real...

According to Wynn Resorts' chief executive, the forthcoming gaming and integrated resort in Ras Al Khaimah will be larger than the company's facilities in Las Vegas. According to Craig Scott Billings, the site's foundation work will begin in the middle of 2019. "Our planning for the Al Marjan Island Integrated Resort in the UAE is moving along quickly. Programming at the resort is currently nearing...

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,...