Abu Dhabi’s Secondary Market to Surge with Nearly 4,000 units expected to be delivered in Q4

Elton Real Estate Development (Elton), a dynamic and visionary developer, is thrilled to announce its entry into Dubai’s thriving property market with its prestigious residential project. This marks the beginning of Elton’s ambitious plan to establish a strong footprint across the UAE markets.

Located in the prime area of Meydan Avenue, near District One, the project comprises premium residential building set on prominent corner plot, offering breathtaking views of the Burj Khalifa, Meydan Grandstand, and lush internal gardens. With three open sides, the plot promises residents an unmatched living experience in the heart of Dubai.

Anmoll D. Shroff, Founder and Chairman of Elton Real Estate Development, stated, “Dubai’s remarkable growth trajectory and visionary leadership make it one of the world’s most promising real estate markets. The city’s strategic location, progressive business policies, rich cultural diversity, and exceptional safety standards set it apart globally. Nowhere else can one experience the unique lifestyle, diversity, and opportunities Dubai offers, coupled with unparalleled safety and convenience. Initiatives like the Golden Visa create unique advantages for both developers and investors.”

He continued, “Dubai offers incredible value compared to other major markets. While downtown properties in cities like New York or Mumbai can reach $2,500 to $3,000 per square foot, prime properties in Dubai are available for around $1,000 per square foot. This price advantage, combined with high rental returns and a business-friendly environment, solidifies Dubai as a leading choice for real estate investment. We’re thrilled to contribute to and gain from Dubai’s dynamic real estate landscape.”

“With Dubai’s real estate market poised for transformative growth, we anticipate a 20-30% increase in transaction volumes in 2025 and a 10-15% rise in property prices. The city’s growth is fueled by strategic government initiatives, geopolitical conditions, and an influx of global residents. This sets the stage for a thriving property market that balances high demand with sustainable development across Dubai’s prime and emerging communities.”

Elton distinguishes itself by focusing on delivering high-quality products at excellent value. The company aims to offer superior products without the hefty premiums common in the market, demonstrating a commitment to quality and value.

Offering a glimpse into future plans, Shroff added, ‘Our intent is to achieve stable growth by prioritizing project delivery and solidifying our presence in the market. We are actively exploring prime locations like Arjan, Meydan Horizon, Furjan, Jumeirah Garden City, Jumeirah Village Circle and Dubai Island for our upcoming projects. Land acquisition negotiations are underway, and we aim to launch three to four new projects within the first year.”

Elie Saab, the name synonymous with luxury fashion and lifestyle, is making waves in the real estate market with the launch of La Mer by Elie Saab. This new development, set on the stunning Al Marjan Island in Ras Al Khaimah, promises to blend the sophistication of haute couture with the serenity of seaside living. Partnering with Octa Properties, Elie Saab aims to redefine resort-style living in the UAE, offering a unique residential experience that reflects his signature aesthetic.

ARTE Developments, a prominent luxury property developer in the UAE, is bringing this visionary project to life.

La Mer by Elie Saab will comprise three beachfront towers linked across multiple levels, featuring a dual lobby. With a total of 355 residences, sizes will range from 874 sq ft to a generous 14,484 sq ft.

These residences will include ten distinct categories, from one-bedroom apartments to chalets and villas, along with nine exclusive penthouses measuring between 10,453 sq ft and 14,484 sq ft. Each living space embodies Elie Saab’s signature aesthetic and is adorned with elegant pieces from the Elie Saab Maison furniture collection.

Residents can enjoy a wide range of amenities. At ground level, a dedicated kids’ club, an indoor pool covering 2,553 sq ft, an outdoor play area, and a children’s pool will be available. Wellness amenities will also be prioritized, featuring male and female spas of 1,058 sq ft and 1,107 sq ft, a well-equipped 3,124 sq ft gym, and a grand pool exceeding 4,837 sq ft.

Serenity Park, located on Level 1, invites relaxation with its expansive 10,266 sq ft of landscaped space, while the Signature Lounge offers an elegant retreat at 1,271 sq ft. Levels 2 and 3 will include the Link Garden, spanning 8,884 sq ft, seamlessly integrating indoor and outdoor living.

On Level 18, residents will find the Sky Gym, Sky Co-working Space, Sky Lounge, and a breathtaking Sky Pool & Deck, which boasts an impressive area of 7,522 sq ft. These thoughtfully curated amenities are designed to cater to both leisure and lifestyle needs, fostering a cohesive community experience, as highlighted by the developer.

“La Mer by Elie Saab reflects our commitment to expanding our brand’s presence in the luxury real estate market, offering an exclusive resort-style living experience in Ras Al Khaimah,” remarked Elie Saab Jr., the CEO of Elie Saab Group.

“As the region grows into a premier entertainment and resort destination, this development brings the distinctive Elie Saab lifestyle while embracing the unique character of Ras Al Khaimah’s surroundings,” he stated.

Lalit Goel, the Managing Director of ARTE Developments, said: “We are honored to collaborate with this renowned brand for the development of La Mer by Elie Saab on Al Marjan Island. The foundation of this project partnership lies in our unwavering commitment to excellence, quality, and luxury living.”

ARTE Developments believes that La Mer by Elie Saab marks a significant milestone in the introduction of branded residences to Al Marjan Island, known for its vibrant growth and community spirit. The development aims to elevate the island’s global allure, offering residents a peaceful beachfront lifestyle.

Construction of La Mer by Elie Saab began in Q3 2024, with an expected completion date in Q1 2028.

Fawaz Sous, the CEO of Octa Properties, said: “With over 20 years of collective experience among Dubai’s leading developers, our team is committed to crafting exclusive branded residences that set new standards in excellence and sophistication.”

“As the exclusive sales and marketing partner for this premium waterfront venture, we can vouch that La Mer by Elie Saab is set to become a valuable addition to Al Marjan Island, infusing the beachfront with unparalleled elegance through its distinctive design,” he added.

As a testament to its forward-thinking vision, Qatar’s real estate sector continues to thrive, offering a compelling opportunity for investors worldwide. The country’s ability to adapt to economic challenges has established it as a stable business hub, appealing to investors looking for robust growth prospects.

To enhance its economic landscape, Qatar has implemented a range of strategic initiatives designed to attract foreign direct investment (FDI). These initiatives include the establishment of free zones and economic zones, as well as regulatory frameworks that facilitate foreign ownership and streamline business operations. Such measures are pivotal in creating a welcoming environment for global investors.

Infrastructure development remains a cornerstone of Qatar’s growth strategy. Significant projects, such as the expansion of Hamad International Airport and the ongoing development of Lusail City, highlight the nation’s commitment to fostering a dynamic atmosphere for business and investment. These efforts align with the goals of Qatar National Vision 2030, which aims to position the country as a leading global center for trade, tourism, and finance.

The outlook for Qatar’s real estate market remains positive, driven by government initiatives, sustained demand for housing, and ongoing commercial developments. The recent launch of the Qatar Real Estate Platform is expected to play a crucial role in attracting investors. By enhancing market transparency and protecting investors’ rights, the platform will instill greater confidence in the real estate sector.

With comprehensive data and insights, the Qatar Real Estate Platform will empower investors to make informed decisions, further bolstering the attractiveness of the market for both local and international stakeholders.

Qatar’s real estate sector stands out for its competitive advantages, offering a wealth of unique investment opportunities. This makes it an ideal choice for those interested in property ownership in the region.

As the global economy continues to evolve, Qatar’s real estate market emerges as a beacon of promise, ready to embrace savvy investors seeking to capitalize on its potential.

Sindalah, the luxury island destination and first physical showcase of NEOM, has been unveiled by the NEOM Board of Directors. First announced by His Royal Highness Mohammed bin Salman, Crown Prince and Chairman of the NEOM Board of Directors in December 2022, Sindalah’s opening marks an exciting milestone in NEOM’s progress.

Transforming Sindalah from idea to reality has been the result of an extensive two-year effort, from a 30,000-strong workforce at its peak across four local contracting partners and up to 60 subcontractors. It marks a significant step in realizing the Kingdom’s tourism ambitions under Saudi Vision 2030 and reaffirms NEOM‘s ability to conceive and deliver new and exciting destinations. To celebrate this occasion, Sindalah has welcomed its first wave of invited guests to experience the island’s allure.

Located in the glistening azure waters of the Red Sea, five kilometers off the NEOM coastline in northwest Saudi Arabia, Sindalah is a distinctive, luxury resort destination spread over 840,000 square meters. Ideally positioned 17 hours by sea from key Mediterranean destinations, Sindalah will serve as NEOM’s gateway to the Red Sea, providing easy access for European, Saudi and GCC yacht owners.

Sindalah blends the natural beauty of the island with tech-driven design and architectural excellence. With the island masterfully designed by leading yachting architecture firm, Luca Dini, Sindalah offers world-class restaurants, hotels, venues and experiences. Set to welcome up to 2,400 guests per day by 2028, the island will also generate around 3,500 jobs, helping to drive the ongoing development of the Kingdom’s thriving hospitality and tourism industries, thereby supporting diversification of the economy in line with Saudi Vision 2030.

Nadhmi Al-Nasr, Chief Executive Officer, NEOM, said: “NEOM is committed to supporting the Kingdom’s new era of luxury tourism, with the opening of Sindalah. The realization of this landmark destination, the gateway to the Red Sea, is due to the visionary leadership of His Royal Highness Mohammed bin Salman and Saudi Vision 2030. This is a proud chapter in the NEOM story and we are excited to achieve more of our ambitious goals, with the continued support of His Royal Highness. NEOM’s inaugural destination offers visitors a ‘first glimpse’ of what the future holds for our extensive portfolio of destinations and developments.”

Boasting an impressive marine ecosystem, Sindalah’s surrounding waters are home to 1,100 species of fish – 45 of which are unique to NEOM waters, in addition to more than 300 coral species. In line with NEOM’s commitment to sustainability and conservation, preservation of Sindalah’s natural marine habitat has been central to the island’s development, and guests are invited to dive beneath the surface to explore its wonders for themselves.

With its strategic location and year-round pleasant climate, Sindalah’s state-of-the-art, 86-berth marina will usher in a new season of sailing. The Sindalah Yacht Club, with interiors expertly designed by Stefano Ricci, sits as the marina’s focal point and invites yachting guests, owners and crew to enjoy its amenities. Docking facilities, additional offshore buoys for super yachts and a full suite of yacht management services are also available.

Sindalah combines world-class hospitality, fine dining and curated experiences in one all-encompassing destination. The Village and Promenade are the beating heart of the island’s entertainment and social zones, home to 38 culinary offerings backed by world-renowned chefs, as well as daytime eateries, late-night venues and 36 luxury retail outlets. The Beach Club offers poolside lounging by day and mesmerizing music experiences by night, while the beachfront Golf Club provides an elevated golfing experience for all abilities. With its world-class 6,474-yard (5,920-meter) par 70 course, the Golf Club will offer 18 teeing points and two unique nine-hole experiences.

Future guests will choose their accommodation preferences from a range of breathtaking properties, offering 440 rooms and 88 villas, as well as 218 luxury serviced apartments. Information regarding bookings will be made available through NEOM’s tourism channels soon.

ONE Development revealed details of its flagship AED 2 billion project in Dubai’s City of Arabia. This development is expected to become an iconic strategic project that will attract homebuyers and investors.

The Laguna Residence was officially launched at a spectacular event held at Dubai’s Coca Cola Arena. The event featured an impressive lineup of stars, including global music sensation Amr Diab, Bollywood superstar Kareena Kapor, and Egypt’s celebrated actor Amir Karara. The event was hosted by renowned international presenter Raya Abi-rached and Egyptian Star Sherif Mounir.

Distinguished guests were treated to an extraordinary reveal of Laguna Residence’s unique features, reflecting ONE Development’s vision to elevating the bar for the real estate industry.

Laguna Residence is the first fully AI-integrated residential development in the region, featuring the largest lagoon on a podium, centered between two iconic high-rise towers. The residence offers an exclusive retreat with uninterrupted views of the Dubai skyline. This distinctive community presents a wide range of unit options, from studios to three-bedroom apartments, duplexes and sky-homes, all with flexible payment plans. The two towers are connected by a vibrant amenities’ hub, offering more than 40 world-class features, including entertainment, wellness, and social spaces, creating an engaging and connected living experience where the sky truly is the limit.

Speaking at the launch event, ONE Development’s Founder & Chairman, Ali Al Gebely, emphasized the company’s commitment to Dubai’s growth and its evolving real estate landscape, saying: Laguna Residence is a unique project, introducing the UAE’s first AI-integrated residential community. It offers a sophisticated lifestyle, combining convenience with personalized services. Our goal is to redefine the real estate industry by elevating daily life and reshaping the meaning of quality living. This community not only embraces technology, innovation and sustainability but also champions eco-friendly solutions.”

He added: “As a homegrown boutique developer, our mission is to reflect the unique aspirations and lifestyles of our clientele in the UAE. By delivering iconic, high-quality developments, we align with the UAE’s strategic ambitions and leadership’s vision to attract local, regional and international investors, setting a new benchmark in the real estate industry.”

The UAE’s real estate market is experiencing steady growth, attracting investors from across the globe. The Laguna Residence project is set to offer attractive returns on investment as the first fully AI-integrated community with the region’s largest lagoon on a podium. This development aligns with Dubai’s Real Estate Strategy 2033, which aims to increase the value of Dubai’s real estate transactions to AED 1 trillion (US$272 billion) by that year.

The UAE continues to be one of the world’s most appealing real estate markets, with cities like Dubai having gained a reputation for catering to luxury and becoming a top destination for high-net-worth individuals looking to invest in property. Recently, Dubai and Abu Dhabi have made significant progress in terms of transparency, digital integration and ease of doing business, simplifying the process of purchasing freehold residences.

A waterfront mansion in Coral Gables, Florida, with a Swarovski chandelier in almost every room is up for sale asking $47 million.

The Miami Mediterranean-style home spans over 12,000 square feet on Arvida Parkway in the gated Gables Estates community. It was built in 2004, but the home’s red-gabled roof, arched windows, and columned exterior recall the grand Coral Gables estates of the 1920s.

The home, located on a 0.8-acre parcel with 225 feet of water frontage, includes seven bedrooms, an oceanfront pool, a dock and a wine cellar that can hold 2,700 bottles. In the rear of the home, every room has French doors that open to bay-facing loggia with views of Key Biscayne in the distance.

“The beauty of this property is where it sits,” said listing agent Maria Marin-Sanchez, who relisted the house alongside Gabriela Dejar of One Sotheby’s International Realty last week. “You can see the bay from almost every room in the house except the wine cellar and one bedroom that faces the front.”

The home was initially listed in March at the same price with a different brokerage and was removed from the market in May.

Interior features include marble flooring, an updated kitchen, unique tray ceilings in every room and Swarovski-encrusted chandeliers, many of which are included in the sale. There are chandeliers in the foyer, the sitting room, both dining rooms, at least one of the bedrooms, two in the kitchen, plus a few unlikely places, such as the primary walk-in closet and wine cellar.

In addition to the yard, a covered outdoor space spans over 2,000 square feet and includes a grill and multiple lounge areas.

Gables Estates, a gated community of 192 waterfront homes on a series of canals, is the most exclusive community in one of the wealthiest neighbourhoods in the country. The typical home in Gables Estates sells for more than $20 million, making it the most expensive enclave in the country, according to a Bloomberg analysis of Zillow data.

The sellers purchased the home, located on a peninsular cul-de-sac, in 2012 for $10.215 million. A neighbouring home is currently on the market for $57 million, while billionaire Mike Fernandez, CEO of MBF Healthcare has amassed an 8-acre spread at the end of the peninsula for more than $36 million.

The couple are looking to sell because it’s a large house for two people, Marin-Sanchez said.

Madinet Masr signed a contract to develop a 42-feddan plot of land in New Heliopolis in partnership with Zahraa Maadi Investment and Development Company. This agreement aligns with Madinet Masr’s ambitious plans to deliver integrated and diverse real estate projects that meet the various needs of customers while offering a unique lifestyle and contributing to the growth of the Egyptian real estate market.

The development agreement was signed in the presence of Eng. Abdullah Salam, President & CEO of Madinet Masr, and Eng. Moshera Kamal El-Maghraby, CEO and Managing Director of Zahraa Maadi Investment and Development Company and senior executives from both companies. Under this strategic partnership, the two companies will jointly develop 41.88 feddans to establish an integrated urban community combining residential and commercial spaces, providing residents with a unique living experience at the heart of a vibrant city. The project’s implementation is expected to last around six years, with total projected revenues of EGP 11.4 billion, with Madinet Masr holding a 64% share and Zahraa Maadi holding a 36% share.

Commenting on the contract signing, Eng. Abdallah Sallam, President & CEO of Madinet Masr, stated: “We are proud of this new achievement, which reflects the strong confidence that the Madinet Masr brand holds in the Egyptian real estate market. We always strive to expand our land portfolio and create diverse projects that meet the evolving needs of our clients. We believe our partnership with Zahraa Maadi will create a distinguished urban community that meets the highest global standards, in line with the Egyptian government’s strategy for achieving urban and sustainable development goals and driving economic growth forward.” Sallam added, “We are confident that this project will be highly successful, combining a prime strategic location within New Heliopolis with our innovative designs and delivering value to all stakeholders. This is based on our 65 years of leadership in the Egyptian real estate market.”

On her part, Eng. Moshera Kamal El-Maghraby, CEO and Managing Director of Zahraa Maadi Investment and Development Company, expressed her pleasure in collaborating with a leading developer like Madinet Masr and sharing in its ambitious expansion vision. She said: “We are pleased to partner with Madinet Masr on this project, which aligns with our company’s strategy and goals of delivering innovative and advanced real estate solutions that meet the demands of the Egyptian market. We are confident that we will execute the project with high quality and efficiency, leveraging the long-standing expertise of both companies while applying the highest international standards in the Egyptian market.”

Zahraa Maadi Investment and Development Company was established in 1980 and operates in various real estate sectors, combining residential, administrative, and commercial buildings.

Lincoln Star Real Estate Development LLC, an upcoming leading name in the UAE real estate market, announced breaking ground for their new luxury residential project in Dubai South with targeted hand over in Q4 2025.

The project will offer a payment plan for investors which envisages 72-month interest-free payment with monthly 1% installments.  The development will have a total of 48 residential units including townhouses, studio, one-bedrooms and two-bedrooms.

“Lincoln Star Residence is a testament to our belief in the potential of Dubai’s real estate market. We are confident that this project will set a new standard of luxury comfortable living as well as offer a compelling investment opportunity,” said Mr. Ovais Latif, CEO and Founding Partner, Lincoln Star Real Estate Development LLC.

He said the luxurious residential development will focus on sustainability and innovation which will redefine modern living in Dubai with its unique blend of innovative design and world-class amenities.

“We are thrilled to witness the commencement of construction on Lincoln Star Residence. This project represents our commitment to delivering exceptional living experiences to our residents. Our team has worked tirelessly to create a development that not only meets but also exceeds the expectations of buyers,” said Mr. Ankit Alagh, COO and Founding Partner, Lincoln Star Real Estate Development LLC.

Additionally, the project showcased a positive element of sustainability by conducting a plantation drive at the groundbreaking ceremony. The initiative enhances the project’s environmental appeal and foster a sense of community, encouraging residents to contribute to a greener future.

The project’s location in Dubai South, with potential for high ROI is in the proximity to Al Maktoum International Airport, the world’s largest airport. The project is also conveniently located near school, hospital, clinic and shopping mall. Furthermore, the project is in proximity to Expo 2020 Dubai, a world-class exhibition center showcasing innovation and culture.

The development features a range of luxurious amenities, including a state-of-the-art gym, swimming pools, landscaped gardens, event areas, and more. These amenities, combined with the project’s prime location and sustainable features, make Lincoln Star Residence an attractive investment opportunity for those seeking a high-quality, comfortable, and family- friendly lifestyle.

Dubai’s real estate market is renowned for its luxury, attracting investors from across the globe seeking high-end properties. MS Homes Developers, led by CEO Mohsin Sheikhani, has successfully entered this competitive landscape, focusing on creating premium properties that blend exclusivity with accessibility.

With a strong foundation in large-scale residential and commercial projects in Pakistan, MS Homes developers has brought its expertise to Dubai, delivering high-quality developments designed to meet the needs of both local and international buyers.

Mr. Sheikhani shares, in this interview, insights into what drives the company’s success, the challenges they face, and their exciting plans for the future in one of the world’s most dynamic real estate market.

MS Homes is making its debut in Dubai with the launch of ILUKA Residences on Dubai Islands. Can you tell us more about this project and what makes it stand out in the competitive real estate market?

ILUKA Residences represents our commitment to delivering luxury living in one of the city’s most sought-after locations. The project is an eight-floor residential building located on Marina Boulevard, right in the heart of Dubai Islands. It features 57 luxury apartments, ranging from 1 to 4 bedrooms, with a handover scheduled for the third quarter of 2026.

ILUKA Residences stands out for its exceptional luxury and unparalleled amenities. Each apartment comes with its private pool, in addition to the infinity pool we’ve designed to offer an endless view of the horizon, along with picturesque views of the Marina and Dubai skyline, providing a serene escape. There’s a focus on wellness and community, with features like a fitness studio, yoga area, urban forest, cinema, and outdoor barbeque areas. The location is another key aspect—residents will enjoy easy access to Dubai’s top destinations, from business hubs to serene waterfronts. ILUKA Residences combines modern comfort with luxury, creating a truly elevated living experience.

What inspired MS Homes to focus on creating luxurious waterfront properties in Dubai, and how did your previous experience influence this vision?

Dubai is characteristically a luxury market, attracting investors from around the world who seek high-end products and experiences. The city offers a wide range of construction options, with prices varying significantly based on the level of luxury—ranging from AED 100 to AED 2,500 per square meter. As a company our background includes extensive reconstruction work in Pakistan, particularly in Islamabad and Karachi. When we arrived in Dubai, we recognized the city’s demand for luxury properties, particularly in waterfront locations.

This inspired us to leverage our expertise in creating luxurious environments. We focused on designing waterfront properties in areas like Dubai Island, which is strategically located near the old city, close to Sheikh Zayed Road, the airport, and other key locations. The area is well-developed, featuring beaches, golf courses, and communities with hotels, along with the upcoming Al Nakheel Mall, which will be the largest in the area.

Our vision was to design properties that offer luxury while being more accessible compared to other high-end areas. We aimed to create an attractive option for those seeking luxurious waterfront living that balances exclusivity with a convenient location close to the heart of the city. This approach allows us to cater to discerning investors who desire both luxury and proximity to Dubai’s key attractions and amenities.

What differentiates MS Homes from other high-end real estate developers in the market?

In a market saturated with numerous developers offering numerous properties, we set ourselves apart by focusing on delivering the highest quality in every aspect of our projects. One of our key differentiators is the attention to detail in our amenities, which are designed to provide an exceptional experience. Each apartment features its own private pool on the balcony and comes with a fully equipped kitchen, ensuring residents enjoy top-tier amenities that enhance their living experience.

As our first project in Dubai, we committed to delivering higher quality, aiming to exceed the standards set by other developers. Our goal is to offer not just luxury, but also a living environment that reflects our dedication to excellence, making our properties a distinctive choice in the high-end real estate market.

MS Homes has achieved record-breaking sales in Pakistan and now moved into the Dubai market. What do you attribute this success to, and what strategies have driven it?

A home is a fundamental need for everyone. Over the years, we’ve delivered thousands of homes and commercial buildings across various cities in Pakistan. This experience gave us the confidence to expand into Dubai with the same commitment to excellence.

Our success can be attributed to several key factors. First, we focus on delivering top-tier quality in all our projects, ensuring timely delivery and offering flexible payment plans that make luxury more accessible. By combining affordability with luxury and maintaining a strong focus on meeting deadlines, we have built trust with our clients.

What challenges have you faced, and how have you adapted to meet the needs of your clients?

Dubai attracts people from all over the world—Europe, Southeast Asia, Africa, and beyond—drawn by the city’s infrastructure, security, and luxury. The biggest challenges we face are maintaining high construction quality and delivering projects on time. Timely delivery is critical for building trust and meeting our commitments.

As Dubai continues to grow, we see more international interest, and because the city offering more affordable prices compared to other global markets like London or Mumbai, the demand remains strong. We adapt by ensuring we uphold these standards to meet the expectations of a global clientele.

What advice would you give to someone, whether local or an international investor, who is considering purchasing a home in Dubai?

If you’re coming from anywhere in the world, my advice is to first explore the market and understand how it’s moving. Dubai offers different types of markets—luxury, mid-range, and more affordable options—so it really depends on your budget and what you’re looking for. The government’s involvement ensures security.

Moreover, Dubai offers attractive rental income, typically between 7% and 7.5% for our project is specific, which is highly competitive globally. The city also provides a secure environment with strong government oversight, making it easy to invest and manage properties. With the government’s long-term vision extending to 2050, Dubai remains a stable and promising market for real estate investment.

What are your future plans, both short-term and long-term?

In the short term, once we start construction on our current project, we plan to launch up to eight additional projects within the next two years. In fact, we’re aiming to begin another project in just a few months. We’re also looking at opportunities in areas like Dubai South and Meydan, with plans to initiate two to three more projects this year and another four next year, all based on growing market demand.

For the long term, we see continuous growth in the Dubai market over the next five to six years. The city offers diverse opportunities with different types of properties—waterfront areas, central locations like Downtown, and emerging areas like Jebel Ali—all catering to a variety of buyers. We believe that once people experience Dubai, they are drawn back, not just for investment, but for a lifestyle they fall in love with. Our goal is to continue growing with the market, while always adapting to its unique demands and opportunities.

In the fast-paced world of urban development and real estate, Cityscape Global 2024, taking place from November 11-14, 2024, in Riyadh, Saudi Arabia, promises to be a defining moment for the future of cities. This event unites global innovators, architects, and investors to explore revolutionary ideas and transformative urban solutions.

More than just an event, it’s a hub of creativity where groundbreaking projects take center stage, including the cutting-edge Stadiums & Mega Events Zone, showcasing visionary sports and entertainment projects. This year’s event also features exciting house giveaways, alongside insightful discussions on sustainable cities, smart infrastructure, and visionary urban planning that will shape the next era of global real estate.

Attendees can expect to engage with world-renowned speakers, including top government officials, international real estate developers, and architects who are building the world’s most ambitious projects in the Kingdom.

Through various keynote sessions, panels, and exhibits, the event will cover a wide range of essential topics from urban sustainability to the integration of AI and technology in city planning.

One of the major attractions is the exhibit showcasing the NEOM project, a cornerstone of Saudi Arabia’s Vision 2030. This ambitious smart city, designed to be powered by renewable energy and embedded with the latest technological innovations, reflects the future of urban living. In addition, the exhibition floor will feature innovative real estate projects from all over the world, presenting the latest in residential, commercial, and mixed-use developments – each with a focus on sustainability, livability, and resilience.

In addition to the exhibitions and speakers, Cityscape Global 2024 is designed to foster connections between industry professionals. It will provide opportunities for networking, strategic partnerships, and collaboration. The event serves as a meeting point where developers, investors, and urban planners can discuss upcoming projects and forge alliances to bring their visionary ideas to life.

Cityscape Global 2024 is more than just an industry gathering—it’s a glimpse into the cities of tomorrow, offering a platform for the world’s greatest minds in real estate to come together and rethink how urban spaces are designed, built, and sustained for future generations. It’s the place where innovative ideas will take root and inspire the next wave of global real estate transformations.

In a significant development for Dubai’s dynamic real estate sector, a sophisticated new workspace emerges that bridges digital innovation with contemporary design. Unique Properties, a leading real estate agency in Dubai since 2008, has recently unveiled its flagship office, spanning 15,000 square feet and completed in just 100 days. This space sets a new benchmark for innovative workspace design in the GCC region.

Designed by the award-winning architectural firm AVIVA Collective, part of Unique Holdings, the office embodies a fusion of global design influences and functional elegance, telling a story through its carefully curated spaces. The reception area, with its multi-tiered logo crafted from stone, bronze, and chrome, forms a sculptural centerpiece that establishes a sophisticated tone for the entire space.

Innovation at the Heart of Design

Led by AVIVA Collective’s CEO, Dara Young, the project reimagines the modern workplace as a dynamic hub for real estate excellence. The design creates an environment that champions innovation, collaboration, and client service – essential elements for success in today’s competitive market.

“Our vision was to create a space that embodies the future of real estate operations,” said Dara Young. “This office represents a new era in workplace design, establishing a new center for innovation in real estate where innovation, technology, and human-centric spaces converge to create an exceptional environment for both clients and professionals. It demonstrates how thoughtful design can transform the way property professionals engage with clients and conduct business in today’s evolving market.”

Blending Global Design with Local Sensibilities

Drawing on her multicultural experiences, particularly her transition from New York to Dubai, Dara Young has crafted a space that balances international design trends with local cultural elements. Luxurious materials such as Taj Mahal Quartzite, Champagne Bronze Patina, and Chamcha wood adorn the office, reflecting Dubai’s cosmopolitan nature and reputation for opulence.

The office seamlessly integrates various work settings, from elegant management suites to dynamic hot-desking areas, each thoughtfully designed to foster different modes of working. Private meeting rooms, with stippled metal details and droplet lighting, offer floor-to-ceiling views of the city and Arabian Gulf, while open collaboration areas encourage both formal discussions and casual interactions.

Meeting the Demands of Dubai’s Dynamic Real Estate Market

The new office accommodates over 250 brokers and 80 back-office staff, reflecting the robust growth in Dubai’s real estate sector. Spaces for client functions are also integrated, supporting the networking needs essential in this competitive market.

Arash Jalili, CEO of Unique Properties, commented: “Our new office space reflects our commitment to innovation in Dubai’s ever-evolving real estate landscape. As the market continues to show strong growth and attract global investors, we needed a space that supports our team in delivering exceptional service.”

Enhancing Productivity and Well-being

Reflecting the growing emphasis on workplace wellness in the GCC, the design incorporates several features aimed at enhancing both productivity and well-being. Breakout spaces allow employees to relax and recharge, while the abundant use of natural light and plant life creates a healthier, more pleasant working environment, proven to reduce stress and improve overall mood.

Furthermore, Ergonomic furniture throughout the office ensures that employees can work comfortably and efficiently, reducing the risk of physical strain associated with long hours at a desk. These thoughtful elements come together to foster a workspace that supports both professional performance and personal well-being.

“In today’s competitive real estate market, attracting and retaining top talent is crucial,” Young explained. “Our design aims to create an environment where people feel comfortable, inspired, and productive – essential factors for success in Dubai’s dynamic real estate market,”

Setting New Standards in Office Design

The partnership between Unique Properties and AVIVA Collective exemplifies how thoughtful design can create inspiring and efficient work environments that adapt to changing market needs. The space doesn’t just meet the current demands of Dubai’s fast-paced property sector – it anticipates the future of real estate operations. As Dubai continues to position itself as a global business hub, this innovative office serves as a model for future-forward workplace design in the region.

Average asking rents in apartments listed on Qatar real estate platform hapondo have increased in key neighborhoods across Qatar, with the prime apartment markets, including The Pearl, West Bay and Legtaifiya, and Lusail, witnessing the most significant rental rate hike seen during the third quarter of the year, according to the online marketplace.

The average rent for a one-bedroom listed on hapondo in West Bay increased by more than 7% to QAR 9,760/month and by 4.5% to QAR 7,980/month in Marina District, Lusail. In the two-bedroom apartment category, both West Bay and Marina have also seen significant increases in rent quarter-on-quarter.

Meanwhile, rents in The Pearl have remained stable at QAR 8,490/month (one-bedroom) and QAR 11,500/month (two-bedroom). In Fox Hills, the average 1BR rent remained at the QAR 5,800/month level while the average 2BR rent shrunk by nearly 3%.

Unlike Q2 when rents in West Bay and Marina decreased, the latest quarter saw better performance for one-bedroom apartment rents in prime markets and in select downtown areas such as Al Sadd (6.6%) and the Old Airport (3%).

However, several neighbourhoods saw a decrease in 2BR apartment rents, with the largest seen in Al Mansoura, Doha Jadeed, and Najma where the average rents of available apartments listed on hapondo declined by approximately 8%.

Meanwhile, the median rents in key neighbourhoods for medium-size villas (3- to 5-bedrooms) have moved upwards. The Pearl’s median rent increased from QAR 29,930/month to QAR 30,900/month. Median rents of listed mid-size villa properties in hapondo have increased by an additional QAR 500/month to QAR 1,000/month in West Bay, Al Hilal, and Ain Khaled while rents remained stable in Al Mamoura, Old Airport, and Al Waab.

Abdullah Al Saleh, CEO of hapondo’s parent company Sakan, comments: “The rental market continues to be strong in Qatar, especially in the prime residential sector where gross rental yields range from 5% to 8% for prime apartments and 3% to 5% for prime villas. In hapondo, a significant portion of our users search for apartments in The Pearl and West Bay, and they look for villas in places such as Al Waab and West Bay Lagoon, signifying the market’s interest in quality spaces and convenient living.”

With more than 85% of the population considered expatriates, the population in Qatar grew from 2.86 million in June 2024 to 3.05 million in August, according to data from the National Planning Council.

In Q3, the Qatar Real Estate Price Index also bounced back from a 2-year low performance in April. The Index recovered from 202.46 points in April to 215.05 points in August, signifying a gradual recovery of selling prices across the country.

Dubai’s property market recorded 18,038 transactions in September 2024 – a new all-time monthly high – with almost three quarters (73%) for properties under construction having been sold off-plan, according to new insight from leading real estate intelligence and data authority, Property Monitor.

Property Monitor’s monthly analysis of Dubai’s real estate market shows that September transactions surpassed the previous record of 17,139 – set in May this year – by almost 900, highlighting continued growth – and confidence – in the sector, which is on track for 30% year on year growth by the end of the year. 2024 sales have now passed 131,000 just under 2% less than for the whole of 2023.

With 17,151 sales, residential transactions accounted for more than 95% of the September total.

Top of the off-plan sales charts was Emaar, with 2,343 registrations, followed by DAMAC Properties with 1,516 and Sobha with 810, according to the research.

September also set a new record for the highest priced apartment sale of 2024: AED275 million for a five-bedroom apartment at The One on Palm Jumeirah. The lowest recorded sale price was AED124,000 for a studio in Dubai South.

Property prices rose by 1.14% in September compared to August, at an average AED1,448 per sq ft. The median price for an apartment was AED1.3 million, for a townhouse AED2.76 million and a villa AED7 million, according to Property Monitor’s insight.

The research also shows a surge in mortgage activity, with transaction up 16.6% month-on-month. Almost 4,200 registrations took place in September as investors took advantage of lower interest rates.

Henry Bacha, Chief Executive Officer, Property Monitor, said: “September 2024 was yet another ground-breaking month for Dubai’s real estate sector, setting new records in both sales transactions and prices. Our findings underpin the ongoing success and evolution of the property market, which continues to flourish and looks set to end the year on another high, with 30 per cent growth compared to last year. A robust pipeline of new projects and easing mortgage rates continue to drive demand for both off-plan and ready properties.”