The Emirati developer Binghatti is launching a new mega development in Dubai. The landmark project Binghatti Hills is set to become the most expansive development within the community. The unveiling of this project will be held on the 29th of April followed by a four-day sales event in Four Seasons Jumeirah, Dubai.   The exquisite project will comprise a total of 1666 residential units and 21 retail spaces. Drawing inspiration from the natural contours of terrains, Binghatti Hills seeks to capture the serene ambiance of a rolling hillside and translate it into an architectural masterpiece that embodies the spirit of tranquility amidst the bustle of city living.   Binghatti Hills will feature private pools and lush sky gardens interwoven into the fabric of the architectural…

Dubai developer highest ever property sales of Dh40.3 billion for 2023 The Annual General Meeting (AGM) of Emaar Properties PJSC was held in Dubai on Monday, April 22, 2024, where shareholders approved the Board of Directors’ proposal for a notable dividend of 50 fils per share amounting to Dh4.4 billion ($ 1.2 billion), underscoring the company’s robust profitability and commitment to shareholder returns and reflecting the company’s strong financial health. Both the auditor’s report and the board’s report on the company’s activities and financial position for the year 2023 were approved at the meeting.   At the AGM, the board of directors reported the company’s strong performance in 2023 and discussed the rigorous measures taken to ensure…

Further Developers in Dubai have stepped up to help their communities after last week’s intense rains resulted in significant flooding, damage to cars, and destruction of property.   They promised to cover the cost of repairs for the impacted residents.   Private real estate developer MAG has pledged to assist its customers impacted by the recent heavy rains. “The company will cover all the costs of necessary repairs for affected residents, across its residential developments,” MAG said in a statement.   “In light of the unprecedented weather conditions experienced in the UAE earlier this week, it is incumbent upon us to stand by our customers during these challenging times. The resilience demonstrated by our residents, coupled with the…

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 gym 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…

More Dubai developers have come forward to support their communities after torrential rains this week caused massive flooding and damage to vehicles and properties.   They assured to provide repairs to affected residents free of cost.   Private real estate developer MAG has pledged to assist its customers impacted by the recent heavy rains. “The company will cover all the costs of necessary repairs for affected residents, across its residential developments,” MAG said in a statement.   “In light of the unprecedented weather conditions experienced in the UAE earlier this week, it is incumbent upon us to stand by our customers during these challenging times. The resilience demonstrated by our residents, coupled with the supportive measures enacted by…

In the wake of the weather conditions witnessed by Dubai and the United Arab Emirates in recent days, Damac Properties expressed its deep gratitude to the official authorities and government institutions for providing it with field support, to successfully deal with these exceptional weather conditions, which enabled it to address all problems and avoid serious damage, whether Whether financial or human, and ensuring the continuation of basic services for all residents in its various residential communities and projects, which include about 45,000 housing units. As a result of the proactive measures taken by the company in cooperation with its partners, stakeholders and contractors, including placing all work teams on high alert around the clock, Damac was able to successfully and highly…

Emaar Properties has affirmed its dedication to contributing to ensuring the well-being and safety of the residents of its complexes through the efforts of the company’s facilities management and complex management team, which has worked tirelessly around the clock to provide assistance to property owners that were damaged by weather conditions, since the heavy rains began on April 16. The team has actively addressed multiple challenges, including overcoming water accumulation problems, and continues to work tirelessly to find appropriate solutions. Based on this firm commitment, Emaar is pleased to announce an initiative to restore all homes within our communities that were affected by the recent severe weather conditions in Dubai, without bearing any costs on the…

According to Dubai Land Department (DLD) data, apartments in DAMAC Hills 2 are among the most frequently traded properties in the United Arab Emirates.   This master development, which spans 55 million square feet and is the brainchild of DAMAC Properties, the top developer in the UAE, offers residents and guests a lifestyle that blends leisure, recreation, and scenic beauty. It also offers a distinctive take on community living in Dubai. The community has a remarkable sales record of 11,806 units, which attests to its enduring appeal to those looking to buy real estate.   The increase in secondary market transactions is a key sign that DAMAC Hills 2 is becoming a more established end-user community. There is a strong demand for villas in the community, as evidenced by the…

Egypt - Bold Routes, a leader in real estate consultancy, marketing, and brokerage, celebrated the end of the first quarter of this year with a significant milestone. The company proudly announced the opening of its 10th branch, a regional office strategically located in Dubai, the United Arab Emirates.   Regarded as one of the most successful and largest entities in its field in Egypt, Bold Routes stands out not only for its size but also for its unique business model. This model fosters a partnership with the company’s commercial franchisees, who are deemed as the company’s real, irreplaceable assets. Such an innovative approach has distinguished Bold Routes in the competitive market.   AbdelRahman Badr, the CEO of Bold Routes, remarked that the company’s…

According to Ahmed Baghoum, CEO of Masdar City, there are projects targeting vital industries like energy, artificial intelligence, space exploration, life sciences, and agriculture that are currently in the design phase and have an investment cost of Dh3–4 billion.   Speaking on the sidelines of the opening day of the World Future Energy Summit, which Abu Dhabi Future Energy Company (Masdar) is hosting, Bakhoum said that the projects currently being built at the city are expected to be worth a total of about Dh1 billion. These projects include “The Link,” which is expected to be completed in the middle of 2025, and the Masdar City Complex.   He stressed that Masdar City is currently focusing on vital sectors including energy, AI, space, the life sciences…

At 160 meters high, the mixed-use Infinity Tower has seen more than 70% of its construction completed, according to Infinity Towers for Urban Development. This substantial advancement exceeds the timetable established by the Administrative Capital for Urban Development. This significant event coincides with the start of President Abdel Fattah Al-Sisi’s second term in office and the first phase of the New Administrative Capital (NAC). Infinity Tower, which stands in the center of the NAC’s Central Business District (CBD), is a shining example of sustainability and modernity. Founder and Managing Director Assaad Salama disclosed that the tower’s design was a result of cooperation with the well-known Canadian company NORR Group. This collaboration has produced a…

According to industry insiders and recent research, the first quarter of 2024 saw a significant shift in investment trends in Dubai’s residential real estate sector, with Indians once again overtaking British investors as the most popular nationality. Apart from Indians, Americans are also becoming interested in Dubai’s real estate market. They, along with other major investor groups like British and Russians, are driving up demand, which in turn is driving up property values and rentals, especially in the luxury market. Along with other reasons like rising end-user demand and alluring investment yields in Dubai’s housing sector, the 5-year multiple-visit visa facility is cited as the main driver of the Indian investment boom. “The 5-year multiple visit visa has…