Abu Dhabi – Royal Development Holding, a subsidiary of Emirates Stallions Group (ESG), has partnered with UAE-based luxury property developer SAAS Properties to launch its branded residences development on Al Reem Island. The AED 1.60 billion project is part of the Autograph Collection by Marriott, according to a press release. It marks Royal Development Holding’s first milestone as a luxury real estate developer in the UAE Tariq Nazzal, General Manager of Royal Development Holding, said: “Our new venture with Marriott is just the beginning of a series of luxury developments that will showcase our innovation, creativity, and craftsmanship in evolving spaces and elevating lives.” Ahmed Al Qassimi, CEO of SAAS Properties, said: “Through this…

DUBAI: In a landmark move that reinforces Dubai’s leadership in the real estate sector, Dubai Land Department announced that its second tokenized project on the ‘PRYPCO Mint’ platform was fully funded in a record-breaking one minute and 58 seconds, attracting 149 investors from 35 nationalities. This unprecedented demand pushed the waiting list to over 10,700 investors, reflecting rising confidence and strong interest in digital real estate ownership solutions across the emirate. This ongoing success underscores the effectiveness of the platform, which is officially accredited under Dubai Land Department’s Property Tokenization Initiative. By enabling investors to purchase shares in ready properties through seamless and cost-effective mechanisms, PRYPCO Mint is…

UAE - Majid Al Futtaim, a leading pioneer in shopping malls, communities, retail, and leisure across the Middle East, Africa, and Central Asia, has announced two significant milestones for its forest living concept, Ghaf Woods – the establishment of a dedicated tree nursery to support the project’s biophilic design concept and the appointment of Innovo Build as the main contractor for its first two phases. Spanning 738,000 sqm off the Sheikh Mohamed bin Zayed Highway, near Global Village, Ghaf Woods will feature over 7,000 premium units, including one, two, and three-bedroom residences and penthouses. The community will also be home to Majid Al Futtaim’s signature multi-purpose hub, Distrikt, which features a curated selection of retail and farm-to-table dining…

Dubai-based developer MAG Group and CITIC Limited, China-based global leader in engineering, procurement, and construction (EPC), have signed a memorandum of understanding (MoU) for the development of Keturah Ardh, a visionary AED22 billion ($6 billion) project spanning 18.47 million sq ft in the Al Rowaiyah First District of Dubai. The signing ceremony brought together two financial powerhouses: MAG Group Holding, with a portfolio valued at $3 billion, ongoing sales worth $5 billion, and developments estimated at approximately $17 billion; and CITIC Limited, which manages total assets exceeding $1.67 trillion. This collaboration, marking CITIC Limited's first major entry into Dubai's premium real estate sector, aligns closely with Dubai's ambitious 2040 Urban Master Plan, further…

Dubai’s Al Furjan neighbourhood will welcome a striking new residential development following the unveiling of Symbolic Zen Residences by Symbolic Developments. The AED210 million ($57.17 million) project blends modern luxury with the philosophy of mindful living, said the developer. This launch marks the developer’s third project in Dubai and second within Al Furjan’s master community. It follows the success of Symbolic Aura, which was sold out swiftly, and the ahead-of-schedule handover of its debut project Symbolic Alpha in Liwan which was delivered in just 14 months, it said. Symbolic Developments, the real estate division of the Speedex Group, focuses on community, well-being, and sustainability. Located along Al Asayel Street in Al Furjan, Symbolic Zen…

Vision Developments, one of the leading UAE real estate developers, announced the launch of two new residential projects, "REEM" and "SOUL," in Dubai. The move is part of their strategic expansion plan into several promising areas in the emirate and provide housing solutions that meet the aspirations of various segments of society. The "REEM" project is located in Liwan area, near Dubai Silicon Oasis and Academic City, with strategic access to Dubai's most prominent educational and technology destinations. It consists of a residential building with a commercial ground floor spanning 8,100 square feet, a parking floor, eight typical floors, and a roof (G+P+8F+R), comprising a total of 198 spacious residential units.The "SOUL" project, located in Dubai Production City, offers a vibrant…

Swiss real estate developer DHG Properties has partnered with the internationally acclaimed interior architecture and design studio Two | 88 by Rina Rankova for its latest residential development in Meydan Bukadra, Dubai. This collaboration blends DHG's commitment to real estate excellence and Swiss-quality construction with Two | 88’s mastery of world-class design and high-end interiors, setting new benchmarks for elevated living in Dubai, said the company. Founded by Rina Rankova, Two | 88 operates globally with studios in Dubai, London, and Marbella. With extensive experience in super-prime residential and commercial design, the studio is renowned for sophisticated interior solutions and global perspective. Milos Antic, Vice Chairman of DHG and Founder of DHG Properties,…

Dar Global, the London-listed luxury real estate developer, and The Trump Organization have announced the launch of Trump International Hotel & Tower, Dubai, reaffirming their confidence in the region’s long-term growth potential and commitment to delivering exceptional value to investors and residents alike. This landmark project marks the Middle East's first and only Trump International Hotel & Tower and represents the fifth collaboration between Dar Global and the Trump Organisation. Building on the success of developments such as Trump Tower Jeddah in Saudi Arabia and Trump International Golf Club and Hotel in AIDA, Oman’s most luxurious beach master community, this new icon is set along Sheikh Zayed road at the entrance of Downtown Dubai with exclusive views to…

UAE  - Richmind, a premium developer specialising in ultra-niche real estate products and the flagship business vertical of Richmind Holding, has announced its entry into the UAE market with the unveiling of Oystra, a new residential concept on Al Marjan Island, Ras Al Khaimah. Oystra, designed by the world renowned Zaha Hadid Architects (ZHA), is set to become an architectural masterpiece and lifestyle destination in one of the UAE’s first entertainment and gaming destinations. Oystra is slated to be one of the most recognisable residences on the island this year, the developer said, adding it has a future project pipeline of over $1 billion. Oystra’s unveiling was celebrated at a high-profile event which was attended by stalwarts of the real estate industry,…

UAE - Majid Al Futtaim, a leading shopping mall, communities, retail, and leisure pioneer, has appointed United Engineering Construction Company - Dubai (UNEC) as the main contractor for Plagette 32 and Amara, two landmark residential developments within Tilal Al Ghaf, its flagship lifestyle destination in Dubai. UNEC, a multi-award-winning general contracting company with over 40 years of regional expertise, brings a proven track record in delivering high-quality, large-scale projects across the UAE, said Majid Al Futtaim. Valued at AED736 million ($200.38 million), the contract encompasses the full scope of works for 148 luxury villas, including their interior fit-out, as well as the shell and core construction of the Beach Club. It also includes in-plot and public realm landscaping,…

Dubai Land Department has signed a Memorandum of Collaboration with the Awqaf and Minors Affairs Foundation to develop and enhance the foundation’s real estate assets through DLD’s Building Classification Project. The memorandum was signed at DLD headquarters by Majid Al Marri, CEO of the Real Estate Registration Sector, and Khalid Al Thani, Deputy Secretary-General of Awqaf Dubai, alongside other senior officials. The collaboration aims to evaluate and reclassify Awqaf Dubai’s properties based on DLD’s approved standards, upgrading assets following improvements. The agreement also enables inquiry services for lands and properties belonging to deceased individuals, minors, and those under similar legal status, with full access to supporting documentation. Al…

Aldar Properties has reported a 33% year-on-year increase in profit before tax to AED2.2 billion ($599 million) for the first quarter of 2025, with net profit after tax rising by 22% year-on-year to AED1.9 billion. Mohamed Khalifa Al Mubarak, Chairman of Aldar, said the company’s performance at the beginning of the year reflects the strength and diversification of its business sectors, and its ability to operate efficiently and grow in line with a clear strategy to create sustainable long-term value, said a Wam news agency report. He added that the UAE offers a conducive environment for stability and business growth, with a focus on investing in vital sectors, attracting business, and diversifying the economy. He said Aldar is well positioned to deliver sustainable performance,…