‘Eden House’ development launched as Dubai’s first branded district on the water canal
The seven-building, low-rise development is the latest expansion of the prestigious Eden House brand, developed by H&H and sold exclusively by Dubai Sotheby’s International Realty
2 min
Chris Dixon, a partner who led the charge, says he has a ‘very long-term horizon’
Americans now think they need at least $1.25 million for retirement, a 20% increase from a year ago, according to a survey by Northwestern Mutual
Through this collaboration, BPMG Dubai and IEREI will work together to provide professionals with access to cutting-edge training programs.
< 1 min
Dubai Real Estate Brokerage and Property Management Group (BPMG Dubai) and the Innovation Experts Real Estate Institute (IEREI) have signed a Memorandum of Understanding (MoU) to strengthen professional education and networking opportunities in the real estate brokerage and management sectors.
The MoU was signed at the IEREI campus in Jumeirah, with Mohammad Mousa Shanaah, CEO of IEREI, and Eng. Zuhair Bin Redha, Chairman of BPMG Dubai, leading the agreement. The signing was witnessed by Sara AlMuhadeb and Fatma Almadani from Dubai Chambers, Sohail Ahmed and Saji Rajan from IEREI, and Waqar Hasan, CPM, Vice Chair of BPMG Dubai.
Through this collaboration, BPMG Dubai and IEREI will work together to enhance real estate education, facilitate industry networking, and provide professionals with access to cutting-edge training programs. The agreement underscores a shared commitment to professional development and innovation in the UAE’s real estate sector.
“This partnership will bring new learning opportunities for brokers and property managers, equipping them with the knowledge and connections needed to thrive in an evolving market,” said Eng. Zuhair Bin Redha.
Mousa Shanaah added, “IEREI is dedicated to advancing real estate education, and this MoU with BPMG Dubai will further enable professionals to excel in their careers.”
Chris Dixon, a partner who led the charge, says he has a ‘very long-term horizon’
Americans now think they need at least $1.25 million for retirement, a 20% increase from a year ago, according to a survey by Northwestern Mutual
In addition to the SLE certification, Sobha One has also been recognized with the Whole Life Carbon badge in testament to the project’s dedication to low-impact development and eco-conscious design.
2 min
Sobha Realty, a leading global luxury real estate developer, has announced its flagship Dubai project, Sobha One, has been awarded the prestigious Green Mark Platinum Super Low Energy (SLE) certification by Singapore’s Building and Construction Authority (BCA). This milestone achievement makes Sobha One the first building outside Singapore to earn this distinction, highlighting Sobha Realty’s commitment to environmentally friendly living experience.
In addition to the SLE certification, Sobha One has also been recognized with the Whole Life Carbon badge in testament to the project’s dedication to low-impact development and eco-conscious design.
The Green Mark certification is a globally recognized benchmark for environmental resourcefulness, assessing projects across five critical categories: Resilience, Whole Life Carbon, Health & Wellbeing, Intelligence, and Maintainability. Sobha One’s innovative design delivers best-in-class energy performance, achieving an impressive 60 per cent energy savings compared to 2005 standards, a testament to Sobha Realty’s ethos of “Art of The Detail”.
Francis Alfred, Managing Director of Sobha Realty, said: “Sustainability is a commitment woven into every aspect of our work. With Sobha One becoming the first building in the Middle East to achieve the Green Mark Platinum SLE certification, we are proud to set new standards in responsible living and low-carbon development. This milestone reflects our dedication to innovation, quality, and environmental responsibility; aligning with global sustainability goals and the UAE’s Net Zero vision for 2050.”
This achievement reflects the meticulous attention to quality, climate-friendly leadership, and design excellence that characterizes every Sobha Realty development. Leveraging its unique Backward Integration model, Sobha Realty maintains complete control over the development process, integrating advanced technologies such as CAFM, Common Data Environment (CDE) platforms, digital twins, and predictive maintenance dashboards. These innovations drive energy efficiency, resources optimization, and long-term operational performance.
Sobha One also aligns with climate risk assessments and the Task Force on Climate-related Financial Disclosures (TCFD) framework to mitigate and manage climate risks. The project’s pre-certification will be verified post-construction to ensure compliance with the highest international sustainability standards. Sobha Realty’s dedication to environmental stewardship likewise aligns with the UAE’s Net Zero by 2050 Strategic Initiative and global climate goals, while demonstrating the company’s leadership and clear strategy for emissions reduction through ESG reports, Greenhouse Gas (GHG) assessments and GRESB benchmarking assessments.
Administered by Singapore’s Building and Construction Authority (BCA), the Green Mark Scheme sets a global standard for sustainable design and best practices in construction. With Sobha One earning this distinguished certification, Sobha Realty reaffirms its position as a global leader in low impact real estate development, driving innovation and excellence across the industry.
Chris Dixon, a partner who led the charge, says he has a ‘very long-term horizon’
Interior designer Thomas Hamel on where it goes wrong in so many homes.
This unprecedented growth underscores Ras Al Khaimah’s rising appeal among investors and homebuyers.
2 min
According to the latest statistics from Ras Al Khaimah Municipality, the emirate’s real estate market has witnessed a record-breaking surge, with total transactions soaring to AED 15.08 billion in 2024—a remarkable 118% increase from AED 6.94 billion in 2023.
This unprecedented growth underscores Ras Al Khaimah’s rising appeal among investors and homebuyers, further solidifying its position as one of the UAE’s most promising real estate markets.
The surge in transactions reflects the emirate’s continued transformation into a hub for high-end yet accessible real estate, offering a unique blend of luxury, affordability, and long-term investment potential.
With its prime waterfront developments, strategic infrastructure projects, and expanding entertainment offerings—including the much-anticipated Wynn Al Marjan Island—Ras Al Khaimah is attracting both global and regional investors seeking high-yield opportunities.
Commenting on the remarkable market performance, Andrei Charapenak, CEO of Major Developers said: “The extraordinary growth in real estate transactions in Ras Al Khaimah is a testament to the emirate’s evolution into a top-tier investment destination. As an early believer in Ras Al Khaimah’s potential, Major Developers continues to shape its future by delivering premium waterfront projects that align with the emirate’s vision for sustainable and high-value real estate. In 2024 we have witnessed a surge in demand confirming that investors and homebuyers alike recognize the unique opportunities this market offers, and we remain committed to delivering world-class developments that maximize long-term returns.”
Beyond real estate, Ras Al Khaimah continues to evolve as a major lifestyle and tourism destination. The emirate’s expanding hospitality sector, bolstered by upcoming world-class resorts, enhanced air connectivity, and sustainable urban planning, has amplified its appeal to global visitors and residents alike.
Projects such as Al Marjan Island—home to some of the most sought-after waterfront residences in the UAE— are seeing heightened demand, with investors eyeing strong rental returns ahead of the Wynn Resort’s grand opening.
Major Developers, at the forefront of this transformation, is actively contributing to the emirate’s growth by introducing innovative residential and mixed-use projects that cater to both end-users and investors.
With its exceptional quality of life, investor-friendly regulations, and high rental yields, Ras Al Khaimah has cemented itself as one of the UAE’s most dynamic real estate markets.
As demand continues to rise, real estate developers across the emirate are dedicated to creating landmark developments that redefine modern waterfront living and investment potential.
Chris Dixon, a partner who led the charge, says he has a ‘very long-term horizon’
Following the devastation of recent flooding, experts are urging government intervention to drive the cessation of building in areas at risk.
Mohamed Alabbar: “The Grand Budapest project will create a new world-class green district from an area that has been abandoned for decades. The development reflects our vision to create spaces that help city residents in every way and prioritize sustainability and the importance of communities.”
2 min
Eagle Hills Group announced that it has signed a real estate purchase agreement for the land on which a mixed-use real estate development, the “Grand Budapest” project will be built, to make an area that has been abandoned for decades flourish again.
The guiding principle of the development is sustainability; it involves a smart city concept that incorporates energy-efficient buildings, renewable energy systems, and solutions for intelligent waste management. The Eagle Hills Group views health and education as cornerstones of prosperity and growth and thus the “Grand Budapest” project includes schools, sport and community facilities that enrich everyday life and promote development.
Inspired by Budapest’s rich cultural heritage, the development aims to respect the city’s traditions while introducing modern elements that further enhance the character of the city.
The planned development of the 100-hectare area will create 35-40 hectares of parks and vibrant public spaces. This development will not only restore a forgotten historical part of Budapest but also make it a global benchmark for human well-being, sustainability, and urban living.
The name “Grand Budapest” was chosen to encompass the wealth of opportunity, innovation, and formative impact this project represents. Eagle Hills Group has begun obtaining the necessary name approvals from the competent authorities.
This envisioned development was launched with the support of the United Arab Emirates government and the Hungarian government. With a development cost of over 12 billion euros, Grand Budapest boosting the Hungarian economy by providing around 2 percent to GDP growth. It will create thousands of jobs during construction and operation, support local businesses, and increase tourism and the value of properties. Beyond the economic benefits, this development aims to redefine urban living by combining sustainability and modern design to create a higher living experience, community, and lifestyle. Grand Budapest is not merely a development, but a vision for a better, more prosperous Hungary. Our goal is to create a legacy that will inspire generations to come.
Chris Dixon, a partner who led the charge, says he has a ‘very long-term horizon’
Markaz anticipates sustained growth in the Kuwait, Saudi Arabia, and UAE real estate markets through H1 2025.
3 min
Kuwait Financial Centre “Markaz” has released its latest real estate market reports, providing an in-depth analysis of market trends in Kuwait, Saudi Arabia, and the UAE for H2 2024, as well as a forward-looking assessment for H1 2025. The reports highlight a positive trajectory for the GCC real estate sector, driven by economic recovery, easing interest rates, and robust government policies.
With macroeconomic indicators pointing towards continued stability, Markaz anticipates sustained growth in the Kuwait, Saudi Arabia, and UAE real estate markets through H1 2025. Lower borrowing costs, ongoing government-backed reforms, and heightened investor participation are expected to reinforce market confidence and drive expansion. The long-term outlook for the GCC real estate sector remains positive, despite short-term fluctuations, presenting compelling opportunities for investment and development.
Kuwait Real Estate Report
Kuwait’s real estate sector continued to recover in 9M 2024, particularly in the investment and commercial segments. Land prices in the Istithmari (investment) segment rose by 3.3% year-on-year as of Q3 2024, reflecting positive investor sentiment, while commercial sector land prices surged by 7.6% over the same period. However, the residential segment continued to face valuation pressures, with land prices declining 3.3% year-on-year in Q3 2024. Meanwhile, rental rates for apartments saw moderate increases, while office rental values remained stable.
Looking ahead to 2025, Kuwait’s real GDP is expected to grow by 3.3% year-on-year, marking a strong recovery from the -2.7% contraction estimated for 2024. This positive outlook is driven by increased project activity, and expanding credit growth, which are expected to bolster demand for commercial real estate.
With macroeconomic indicators signaling continued improvement, the Markaz Real Estate Macro Index score for Kuwait currently stands at 3.5 out of 5.0, indicating sustained market confidence and growth potential. H1 2025 is expected to bring further acceleration, with rebounding land prices and rental rates, supported by ongoing government reforms and an improving economic landscape.
Saudi Arabia Real Estate Report
Saudi Arabia’s real GDP growth showed signs of recovery in 2024, with quarterly GDP rebounding from -4.3% in Q4 2023 to 2.8% in Q3 2024, reflecting strong momentum in tourism, real estate, and construction. The KSA real estate price index rose by 2.9% year-on-year in Q3 2024, driven by a 1.6% increase in residential land prices and a 6.4% rise in commercial sector values. The commercial real estate segment has particularly benefited from rising demand amid strong non-oil economic growth.
Saudi Arabia’s fiscal position remains under some pressure, with a projected fiscal deficit of 3.4% of GDP in 2025. The 2025 national budget anticipates a 6.8% decrease in non-tax revenue, primarily attributed to lower oil earnings, potentially resulting from an extension of OPEC+ production cuts. However, the government continues to prioritize large-scale infrastructure and giga projects, reinforcing growth in the real estate sector. The successful bid to host the FIFA World Cup 2034 is expected to drive further expansion, particularly in hospitality, residential, and commercial developments.
In 2025, Saudi Arabia’s real GDP is projected to grow by 4.6%, supported by a 4.4% expansion in the non-oil sector. Oil GDP is also expected to turn positive, aided by the expected gradual unwinding of OPEC+ production cuts. Given these factors, Saudi Arabia’s real estate sector remains in an accelerating phase, with sustained momentum expected in H1 2025 as investor confidence grows, and government-led initiatives continue to drive market expansion.
UAE Real Estate Report
The UAE real estate market saw record-breaking activity in 2024, with total sales transactions reaching AED 457 billion ($124.4 billion) by mid-November 2024, marking an 11% increase from 2023 and a 72% increase from 2022. Dubai continues to attract international investors, supported by favorable policies such as the Golden Visa program. The UAE’s non-oil economy is projected to grow steadily, backed by robust tourism and real estate sectors.
Dubai remains a top global destination, with competitive affordability compared to cities such as Hong Kong, Singapore, and London. Attractive rental yields 6.4% in Dubai and 5.8% in Abu Dhabi—continue to draw investors.
The UAE’s real GDP is projected to grow by 5.1% in 2025, supported by strong expansion in the non-oil sector and a 6.7% rebound in oil GDP. Dubai’s real estate sector remains a key driver of this growth, bolstered by the Dubai Real Estate Sector Strategy 2033, which aims to increase total real estate transactions to AED 1 trillion ($227.2 billion) by 2033, contribute AED 73 billion to Dubai’s GDP, and expand the emirate’s real estate portfolio 20-fold.
Additionally, sustained demand for off-plan properties, along with continued expansion in the residential, office, and hospitality segments, is expected to fuel real estate activity through H1 2025.
Chris Dixon, a partner who led the charge, says he has a ‘very long-term horizon’
The initiative will contribute to the Dubai Real Estate Sector Strategy 2033 which aims to increase transactions, attract international investors, and position Dubai as a top property investment destination.
3 min
Dubai International Financial Centre (DIFC), the leading global financial hub in the Middle East, Africa and South Asia (MEASA) region, has launched a new technology solution that enables third parties to access data on its real estate landscape.
The Application Interface solution, commonly known as an API, is the latest initiative from DIFC that positions Dubai as a global hub for technology and innovation, and the first to be focused on PropTech. The initiative will contribute to the Dubai Real Estate Sector Strategy 2033 which aims to increase transactions, attract international investors, and position Dubai as a top property investment destination. Additionally, the solution supports Dubai’s Digital Strategy that is digitalizing all aspects of life in the city.
Dubai’s pioneering PropTech company, Keyper, has become the first subscriber to the service and is launching a dedicated digital platform that will provide robust data insights on DIFC’s real estate landscape directly to investors, property owners, tenants and the general public. For the first time, potential and existing investors can evaluate real estate opportunities within DIFC with an in-depth and real-time understanding of property values, rental yields, and transaction histories.
The collaboration with Keyper is a strategic move towards a modernized and more efficient property portfolio management model that meets the demands of an increasingly data-driven global investment community. The digital platform will provide updated market metrics, allowing users to view market indicators and property transactions in real time.
Alya Alzarouni, Chief Operating Officer at DIFC Authority, commented: “DIFC continues to introduce initiatives that further enhance Dubai’s reputation as a global hub for technology and innovation, with an emphasis on financial services and other future-focused industries. This new API solution is available to companies in the fast-growing PropTech sector, allowing them to access DIFC’s comprehensive real estate data and real-time market trends will help investors, property owners, and tenants make better decisions, positioning Dubai as an attractive property investment destination.”
Omar Abu Innab, Co-Founder and CEO of Keyper, said: “This collaboration with DIFC marks a transformative shift in Dubai’s PropTech landscape. We are thrilled to be at the forefront of making DIFC’s property data accessible to all. By increasing transparency, we are supporting investors’ needs to make well-informed decisions and aligning with Dubai’s vision of being a globally recognized, tech-savvy metropolis.”
Key features of the DIFC data platform by Keyper:
- Real-time transactional data: A comprehensive look at comparable property transactions offers a clearer picture of recent market activity, supporting smarter investment decisions.
- Transparency in property valuations: The platform offers insights into property values across DIFC, allowing potential investors to compare and analyse valuations.
- Rental yield analysis: Users can view rental transactions within DIFC, providing crucial insights for those generating or looking to generate rental income.
- Integrated data on Keyper for DIFC property owners: Property owners who onboard their assets with Keyper gain access to live property valuations and transactions, further promoting a transparent and user-friendly property ownership experience.
Keyper is also exploring potential features such as predictive data analytics and enhanced financial modelling tools, bringing new layers of insight to DIFC’s real estate data offerings. By enabling data access and transparency, Keyper and DIFC are setting the stage for a more informed, confident, and engaged investment community in the region’s leading financial hub. Investors, residents, and global stakeholders can look forward to a more accessible, transparent, and tech-enabled property market.
In 2024, Dubai climbed one spot on JLL’s Global Real Estate Transparency Index 2024, retaining its position as the only property market in the Middle East and North Africa (MENA) to feature in the ‘Transparent’ tier. The emirate’s gains in its ranking highlight the effectiveness of government initiatives to enhance market transparency and foster a more robust real estate environment in the region.
Chris Dixon, a partner who led the charge, says he has a ‘very long-term horizon’
The agreement, under the patronage of the Egyptian Embassy in Saudi Arabia, aims to foster collaboration between Dubleuse and RIVA Development.
3 min
Dubleuse, the leading real estate company, has proudly signed of a joint venture agreement with RIVA Development, the major Saudi Arabian company. The agreement, under the patronage of the Egyptian Embassy in Saudi Arabia, aims to foster collaboration between the two companies to develop diverse real estate projects in the Kingdom, with investments totaling SAR 2.5 billion and it spans 10 years.
The agreement was signed by Eng. Moaaz Wessam Al-Din, the Chairman of Dubleuse, and Eng. Mugbel AL Thukair, the Chairman of RIVA Development. The signing ceremony was attended by Mr. Diaa Hamad, Deputy Egyptian Ambassador to Saudi Arabia, officials from both companies including Mr. Ibrahim Moaaz Wessam Al-Din, Managing Director of Dubleuse, Dr. Jalal Sheikh, Director of Business Development at Dubleuse, and several of well-known Saudi businessmen.
This partnership echoes the long-standing relations between Egypt and Saudi Arabia across various sectors (political, economic, commercial, and social). Both parties expressed their enthusiasm with the fruitful cooperation and their eagerness to strengthen Egyptian-Saudi relations at all levels. This agreement marks a new breakthrough for excellence in the region’s real estate development landscape.
His Excellency the Ambassador Plenipotentiary, Mr. Diaa Hamad, Deputy Egyptian Ambassador to the Saudi Arabia Kingdom, praised the deep Egyptian-Saudi relations at all levels, which enhance joint investment visions and promote investment exchange between the two countries. He assured the continuation of these strong relation, supported by the political leadership of both countries.
Eng. Moaaz Wessam, the Chairman of Dubleuse, stated that: “the company aims to leverage its experiences to develop worthy projects in Saudi Arabia with global specifications and standards, combining Egyptian and Saudi expertise to deliver a top-notch real estate product. This contributes to the Kingdom’s current development and growth plan. That’s why we collaborate with RIVA Development, the leading company in developing distinguished projects. Moaaz highlighted the importance of a strong strategic partner who enhances his company’s expertise, sharing the same investment strength, vision, and ambition to implement flagship projects that will leave a fingerprint on the Saudi market. All market studies have been completed to understand the target projects and the Saudi market, ensuring a suitable real estate product for the target client.
Eng. Moaaz added, “The Egyptian real estate sector is experiencing a period of prosperity and growth, serving as a powerful engine for the Egyptian economy in recent years, following the significant support provided by the Egyptian government to the real estate sector and its sustainable development plan and comprehensive urban renaissance through the development of several new and smart cities, most notably the New Administrative Capital (NAC) and the New Alamein City. This confirms the alignment of vision between Saudi Arabia and Egypt regarding the significant of real estate sector as one of the most important pillars of economic development.”
Eng. Mugbel AL Thukair, the Chairman of RIVA Development, emphasized the importance of the joint cooperation with Dubleuse, stating, “We are pleased with the agreement concluded with one of the distinguished real estate companies in the real estate development field. We strive to work together and exchange expertise to provide diverse real estate projects that reflect the extent of development in the Saudi real estate sector, in line with Vision 2030 to achieve integrated urban development and attract more real estate investments within the Kingdom across various sectors.”
Dr. Galal Sheikh, Director of Business Development at Dubleuse, stated, “The company has strong and ambitious plans to operate in the Saudi market, especially after the partnership agreement with RIVA Development, which has all the factors for success, starting with the development of a portfolio of distinguished projects with significant investments. The investment alliance between the two companies aims to develop many leading and innovative projects in the coming years, ranging from commercial, administrative, residential, and hotel projects. This type of project requires strong expertise, successful previous work portfolio, and financial solvency, which are achieved through strategic partnerships.” Dr. Sheikh pointed to the depth of Egyptian-Saudi relations, which serve as a strong motivator for all real estate companies wishing to enter the Saudi market.
The agreement is part of Dubleuse’s ambitious plan for the upcoming period for increasing its land portfolio to 30,000 sqm and expand its projects inside and outside Egypt, utilizing the company’s expertise gained over more than 12 years in the field of engineering consulting and contracting, and developing various projects that have affirmed its leadership and ability to strongly compete in the local and regional real estate market.
Chris Dixon, a partner who led the charge, says he has a ‘very long-term horizon’
The funding marks a significant milestone in the progress of the AIDA project, reinforcing its position as a landmark destination that will redefine luxury living in Oman.
2 min
Dar Global, the London-listed luxury real estate developer, has secured financing from the National Bank of Oman (NBO) to support the development of AIDA, one of the most ambitious and transformative real estate projects in the region. The funding marks a significant milestone in the progress of the AIDA project, reinforcing its position as a landmark destination that will redefine luxury living in Oman.
A joint venture with Omran Group, Oman’s leading entity for tourism development, AIDA seamlessly blends luxury golf, residential, and hospitality experiences. With its opulent mansions, limited-edition villas, and sophisticated apartments, the project will further elevate Oman’s global standing as a premier destination for tourism, living, and investment.
Ziad El Chaar, CEO of Dar Global, commented: “As a milestone project AIDA is not only slated to elevate the luxury real estate offering of Oman but also deliver tangible economic growth by attracting investment, creating jobs, strengthening the tourism and related sectors. Designed to blend seamlessly with Muscat’s natural beauty and cultural heritage, the project will further enhance the country’s position as a premium global destination. Securing financing from NBO pronounces strong endorsement of AIDA’s potential, marking a crucial step toward its successful realization.”
Ghadeer Iqbal Al Lawati, Assistant General Manager – Head of Project Finance & Syndication at NBO added: “At NBO, we are committed to supporting transformative projects that drive economic growth and strengthen Oman’s position as a premier destination. We are proud to support Dar Global in bringing the AIDA project to fruition. This development is positioned to become a landmark destination, attracting tourists and investors alike, and contributing significantly to Oman’s Vision 2040 objectives. AIDA reflects our confidence in its vast potential to elevate Oman’s global appeal and contribute to the nation’s long-term prosperity.”
Strategically perched atop cliffs overlooking the Gulf of Oman, AIDA spans 3.5 million square meters, offering a blend of premium residences, world-class hospitality, and exceptional leisure amenities. Among its signature attractions is the USD 500 million Trump International Oman, featuring a 140-key luxury resort and an 18-hole championship golf course designed to global standards. Additionally, the master-planned community includes the Marriott Residences, a USD 100 million development that embodies the hospitality giant’s renowned standards of sophisticated living.
The first phase of the project, set for completion by 2027, involves the design and construction of critical infrastructure, including roads, water and electricity networks, utility installations, drainage, and sewage systems, as well as the development of the surrounding road network within AIDA. The Trump International Oman is scheduled to open in December 2028.
This financing agreement with NBO underscores strong confidence in AIDA’s vision and Dar Global’s expertise in delivering world-class developments that merge innovation, sustainability, and luxury. As the project progresses, AIDA continues to receive an overwhelming response from high-net-worth investors and discerning buyers seeking an unparalleled lifestyle in one of the Middle East’s most breathtaking locations.
Chris Dixon, a partner who led the charge, says he has a ‘very long-term horizon’
The latest figures, released by the Department of Land and Real Estate Regulation in Ajman, highlight more than 20% increase in real estate activity.
< 1 min
Ajman’s real estate sector has begun the year on a strong note, recording 1,321 transactions in January with a total value of AED1.57 billion. The trading volume reached AED1.26 billion across 1,044 transactions, reflecting growing investor confidence in the emirate’s property market.
The latest figures, released by the Department of Land and Real Estate Regulation in Ajman, highlight more than 20% increase in real estate activity compared to the same period in 2024. This growth underscores the emirate’s appeal as an investment hub, driven by a range of opportunities across its diverse regions.
Among the standout sales, the highest transaction value was recorded in Al Zahia, reaching AED50 million. Meanwhile, mortgage activity remained robust, with 175 transactions totaling AED257.7 million. The highest mortgage value was AED23.8 million in the Ajman Industrial 1 area, indicating continued demand for financing solutions in the market.
In terms of trading hotspots, Al Helio 2 emerged as the most active neighborhood, followed by Al Yasmeen and Al Zahia. On the project level, Emirates City led the list of the most traded developments, ahead of Ajman One and City Towers.
Eng. Omar bin Omair Al Muhairi, Director General of the Department of Land and Real Estate Regulation, emphasized that these figures reaffirm the strength of Ajman’s real estate sector. He noted that the consistent market performance signals a promising outlook, with attractive investment opportunities across the emirate continuing to drive interest.
With this positive momentum, Ajman’s real estate market appears well-positioned for sustained growth in 2025, reinforcing its reputation as a thriving destination for investors and homebuyers alike.
Chris Dixon, a partner who led the charge, says he has a ‘very long-term horizon’
At the core of the platform is cutting-edge AI technology, making it easy and quick for users to find their ideal property.
2 min
GetProp, an innovative real estate marketplace powered by advanced technology and in-depth market expertise, has officially arrived to the UAE’s property sector. Headquartered in the heart of Dubai, the company aims to revolutionize how properties are bought, sold, and rented across the country.
At the core of the platform is cutting-edge AI technology, making it easy and quick for users to find their ideal property. An interactive chat allows home seekers to enter any preference – such as location, price range, views, and number of bedrooms – to generate a tailored list of matching homes in seconds.
The brand is also committed to simplifying operations for real estate agencies through unlimited free standard listings. In a bustling sector where agents’ businesses depend on getting their properties noticed, GetProp offers a favorable outlet with no sign-up restrictions or hidden fees.
Other innovative features include a built-in social media style video showcase called PropTok and its own AI-enhanced home visualization tool, enabling users to take a virtual tour and engage with the listings on a deeper level.
With a projected database of over 5,000 properties by the end of the month, GetProp offers the highest standards of reliability with only verified, authentic listings being admitted into the platform.
“We are very excited to introduce GetProp and help users simplify their property journey,” said co-founder and CEO Zaid Sidat. “While similar solutions are also present in the UAE, we are confident that GetProp will become the number one choice for buyers, tenants, sellers, and real estate agents.”
Saad Sidat, co-founder and Chief Strategy Officer, added: “After extensive research and market studies, our team has combined convenience, forward-thinking technology, and AI-powered features to bring a unique, all-encompassing platform to the sector.”
With visionary expansion plans already lined up, GetProp is poised to be a property search powerhouse in the UAE.
Chris Dixon, a partner who led the charge, says he has a ‘very long-term horizon’
The residential tower, designed by Milan-based architects Gandolfi e Mura and developed by Vantage Developments and Vittoria Group, reimagines luxury living through the lens of Venere Group’s hypercar design philosophy.
2 min
In a milestone partnership uniting the worlds of luxury automotive design and high-end real estate, Vantage Developments and Vittoria Group announced a strategic alliance with Venere Group, a globally renowned Italian manufacturer. In late April, a milestone event will see Venere Group unveil its prototype Italian supercar while Vantage Developments introduces a new residential tower in Jumeirah Village Circle (JVC), Dubai, featuring exclusive Italian design elements from Venere Group.
The residential tower, designed by Milan-based architects Gandolfi e Mura and developed by Vantage Developments and Vittoria Group, reimagines luxury living through the lens of Venere Group’s hypercar design philosophy. With a Gross Development Value (GDV) of AED 185,000,000, the 140-unit tower draws inspiration from both the Miami skyline and Venere Group’s signature automotive aesthetics, featuring fluid, aerodynamic lines and materials synonymous with high-performance supercars. Each residence—ranging from apartments to penthouses—is fully furnished with Venere Group’s Italian-made furniture, blending avant-garde design with European sophistication. Starting at AED 800,000, the units cater to discerning buyers seeking a turnkey lifestyle underscored by smart home technology, energy efficiency, and a Green Building certification.
Positioned as a first-of-its-kind offering in Dubai’s real estate market, the tower bridges the gap between high-quality design and mid-market accessibility. Its standout amenities include a jogging track, coworking spaces, a private cinema, spa, sauna, dog park, and app-controlled smart home systems. The project also introduces Vantage Developments’ signature 24/7 concierge service, tailored for both long-term residents and short-stay guests.
Attendees at the launch event will witness the global premiere of Venere Group’s prototype supercar—a strategic choice to debut in the UAE, reflecting Dubai’s growing influence as a luxury innovation hub. Simultaneously, the event will showcase the tower’s show apartments, where Venere Group’s furniture line and hypercar-inspired design elements will be displayed for the first time. The partnership also solidifies Vantage Developments as Venere’s exclusive real estate branding partner, with plans to integrate their design ethos across future developments.
Kabir Joshi, Founder & CEO of Vantage Developments, emphasized the collaboration’s visionary scope: “This partnership represents an entirely new frontier in real estate. By integrating Venere’s hypercar vision into our architectural blueprint, we’re creating a lifestyle that’s both high-performance and elegantly livable setting a bold new standard for Dubai’s mid-market luxury segment.”
Stefano Asuni, Managing Partner at Venere Group, added: “Dubai’s ambition aligns perfectly with our brand’s ethos. Launching our supercar here, alongside Vantage Developments’ architectural marvel, symbolizes a new chapter where engineering, art, and lifestyle converge. This is more than a project; it’s a legacy.”
Beyond its design credentials, the tower emphasizes sustainability with energy-efficient systems and eco-conscious construction practices. Coupled with its prime location and investor-focused amenities, the project is poised to attract a niche audience of design-savvy buyers, expatriates, and investors seeking a unique blend of productivity and relaxation.
Chris Dixon, a partner who led the charge, says he has a ‘very long-term horizon’
Palace Group has established itself as a market leader in ultra-luxury residential developments, from bespoke waterfront mansions to high-rise landmarks.
2 min
Palace Group, one of the UAE’s leading luxury real estate developers, celebrates its 25th anniversary, revealing a AED 36 billion portfolio spanning over 200 super-prime projects across the country.
Founded in 1999 by Wissam Damaa, Palace Group has played a defining role in shaping the UAE’s luxury real estate sector, delivering some of the most exclusive properties across Abu Dhabi, Dubai, Sharjah, and Ras Al Khaimah. With AED 20 billion in completed projects and AED 16 billion currently under development, the company continues to raise the bar for ultra-luxury living.
A Legacy of Innovation and Excellence
Over the past 25 years, Palace Group has established itself as a market leader in ultra-luxury residential developments, from bespoke waterfront mansions to high-rise landmarks. Notable projects include:
- 15 iconic beachfront mansions in communities like La Mer and Jumeirah Bay Island, designed to offer unparalleled privacy and exclusivity
- Aya, a tranquil oasis featuring 70 luxury residences in Dubai Gardens
- The Cliffs, a wellness-focused development along the Dubai Canal with panoramic skyline views.
- A landmark multi-billion-dirham project launching in early 2025, set to redefine luxury living in Dubai
“Our 25th anniversary is more than a milestone it reflects our commitment to redefining luxury real estate,” said Wissam Damaa, Founder and CEO of Palace Group. “Our robust portfolio is a testament to our enduring achievements and ongoing commitment to elevating standards in luxury real estate. We take immense pride in the product quality, which is the cornerstone of our business.”
Since 2016, Palace Group has integrated renewable energy solutions, hydrogen technology, and water desalination into its developments, aligning with the UAE’s Vision 2031. With every project managed in-house from concept to completion, the company continues to push boundaries in sustainability and ultra-luxury craftsmanship.
As Palace Group embarks on its next phase, it remains committed to expanding its global footprint, delivering record-breaking developments, and redefining the future of high-end real estate in the UAE.
Chris Dixon, a partner who led the charge, says he has a ‘very long-term horizon’
Alexandre de Betak and his wife are focusing on their most personal project yet.
The Project aligns with Dubai 2040 Urban Master Plan for sustainable urban living and supports the growing demand for luxury yet affordable high-rise living.
1 min
Wasl, one of the largest real estate management and development companies in the UAE, is launching Avenue Park Towers – a highly-anticipated luxury residential project – within the Wasl 1 development, near Zabeel Park.
Offering a unique balance of city and park living, and a strategic mix of residential, retail, and commercial spaces, Avenue Park Towers will appeal to both investors and end-users. Its proximity to Zabeel Park, ensures access to green spaces within an urban setting. Homeowners and investors can enjoy an address in a prime location, with seamless connectivity to Sheikh Zayed Road, DIFC, Dubai Metro, and other key landmarks.
The 1–3-bedroom luxury apartments and duplexes, and 3–4-bedroom penthouse-level residences at Avenue Park Towers will all be integrated with high-end finishes and modern design.
Mohamed Al Bahar, Director of Business Development, Wasl, said: “With Avenue Park Towers, Wasl continues its commitment to delivering premium residences that combine luxury, convenience, and a connection to nature. This project is a unique opportunity for residents and investors looking for a vibrant yet tranquil living experience in the heart of Dubai”.
He added: “At Wasl, we are continuously looking for ways to address buyer demand, especially the growing interest in sustainable and green urban living, in line with Dubai’s 2040 Urban Master Plan. Dubai’s real estate market insights highlight the demand for luxury mixed-use developments at an affordable price point. Avenue Park Towers will address the gap, as well as support growing foreign investor demand for spaces that prioritize residents’ well-being and foster community engagement.
All units will come equipped with the latest technology, including district cooling systems for energy efficiency, advanced security and access control, EV charging stations and e-bike facilities. With access to premium retail, F&B, and wellness facilities, Avenue Park Towers is a promising investment opportunity with high ROI potential.
Chris Dixon, a partner who led the charge, says he has a ‘very long-term horizon’
Sydney’s prestige market is looking up, here’s three of the best on the market right now.
Expo City Dubai is the only urban center in the Middle East and North Africa (MENA) region to achieve this combination of pre-certifications and first in the region to achieve WELL Community pre-certification.
3 min
The Expo City Dubai master plan has attained two pre-certifications of globally recognized social and environmental sustainability systems, testament to its commitment to developing an innovation-driven, people-centric community, maximizing social, environmental and economic impact, and advancing international best practice in the region.
Expo City Dubai is now pre-certified Platinum – the highest possible rating – in LEED Cities and Communities standard, which focuses on inclusivity, economic development and environmental preservation. LEED is the most widely used ‘green’ rating system in the world for real estate and the urban environment. The city also achieved pre-certification for WELL Community – a standard that emphasizes health and wellbeing and the leading international standard for a healthy built environment – and is targeting WELL Gold for its anticipated certification.
Expo City Dubai is the only urban center in the Middle East and North Africa (MENA) region to achieve this combination of pre-certifications and first in the region to achieve WELL Community pre-certification. The achievements, announced at the Cities in Action Forum taking place from 6-7 February, exemplify the city’s commitment to creating a healthier, more sustainable and equitable community for tenants, visitors and future residents and enhance its appeal to investors and developers.
Ahmed Al Khatib, Chief Development and Delivery Officer, Expo City Dubai, said: “Expo City’s master plan is rooted in the principles of sustainable development, and we are proud to have this commitment globally recognized as we push forward on the master plan’s delivery. Our pre-certification in LEED and WELL community standards shows we are on track to meet our ambitious targets and reinforces our city’s robust position as a new urban center at the heart of Dubai’s growth corridor.
“The unique offering of our city – a vibrant, nurturing community where people connect, thrive and live in harmony with nature – is reflected in the incredible demand for every Expo City Dubai real estate project launched, including commercial leasing, residential developments and plots for sale.”
The pre-certifications underscore the unparalleled opportunity offered by Expo City’s forward-thinking, people- and environment-focused master plan that takes advantage of its prime location and world-class connectivity. The lynchpin of Dubai’s growth located in the rapidly expanding Dubai South area, Expo City Dubai is close to Al Maktoum International Airport, Jebel Ali Port and Dubai Exhibition Centre.
The master plan features five districts designed as an efficient grid system to ensure navigation, circulation and accessibility, while a network of green and blue spaces – from parks and fields, to small sikkas and urban water features – will permeate throughout.
It contains specific targets across areas including protecting and increasing biodiversity; reducing energy consumption and increasing the use of clean energy; reducing water consumption and increasing the use of alternative water sources; increasing the use of sustainable, lower carbon public transport options and creating spaces that encourage walking, cycling and micromobility; and facilitating economic opportunity and creating a quality work environment.
LEED Cities and Communities, managed by the US Green Building Council, addresses various factors that contribute to quality of life, including natural systems, energy, water, waste and transportation, as well as optimizing the operational aspects of a city through its design. Pre-certification is granted based on Expo City’s master plan information and associated data. Expo City Dubai, including Dubai Exhibition Centre and Expo Village, is already home to 123 LEED-certified buildings, and the master plan further sets the target of LEED Gold as a minimum requirement for all buildings.
Meanwhile, the WELL Community standard, created by the International WELL Building Institute (IWBI) gives pre-certification to real estate projects that demonstrate a commitment to health and wellbeing across 10 areas: air, water, nourishment, light, movement, thermal comfort, sound, materials, mind and community.
Reaffirming its role as a focal point on the 2040 Urban Master Plan as it becomes a hub for key sectors driving the delivery of the Dubai Economic Agenda (D33), Expo City will cover a total of 3.5sqkm, embracing a gradual phased development that will adapt to evolving needs and eventually welcome around 35,000 residents and 40,000 professionals.
Chris Dixon, a partner who led the charge, says he has a ‘very long-term horizon’
Savills latest research highlights key trends shaping the market, including record occupancy rates and a surge in international interest.
2 min
Riyadh’s office market continued its upward trajectory in 2024, supported by Saudi Arabia’s ongoing economic diversification and strong demand for space from multinational companies. Savills latest research highlights key trends shaping the market, including record occupancy rates and a surge in international interest.
Riyadh’s resilience is underpinned by Saudi Arabia’s non-oil sector expansion, which grew by 4.5% in 2024 and is projected to rise by 5.8% in 2025. Strategic initiatives under Vision 2030, regulatory enhancements, and competitive tax incentives have cemented Riyadh’s position as a business-friendly city. Foreign direct investment (FDI) inflows reached SAR 16 billion in Q3 2024, while the Purchasing Managers’ Index (PMI) in November recorded its 50th consecutive month of readings above 50 signaling expansion – it came in at 59, underpinned by robust domestic demand and favorable policies.
By mid-2024, the Saudi Ministry of Finance announced that 517 multinational companies had established regional headquarters in Riyadh, exceeding the Vision 2030 target six years ahead of schedule. New entrants in Q4 included PMG, Snowflake, and CRU, reinforcing Riyadh’s growing status as a global business hub.
Ramzi Darwish, Head of Savills Saudi Arabia, commented: “Riyadh has firmly established itself as a key destination for global businesses looking to expand in the region. The combination of a proactive government approach, strategic investments, and a strong non-oil economy has created a vibrant and dynamic office market. With rising demand for Grade A spaces and new developments on the horizon, Riyadh is well-positioned to continue its impressive growth trajectory.”
Savills reported a surge in inquiries during Q4, with nearly half originating from US and UK companies. Demand was focused on flexible office spaces under 1,000 sqm, reflecting an increasing preference for adaptable workplace solutions. The Technology, Media, and Telecommunications (TMT) sector dominated leasing activity in Q4, contributing 37.5% of completed transactions. Other active industries included Banking, Financial Services, and Insurance (BFSI), Consulting and Legal Services, and IT/ IT Enabled Services. Notably, 62.5% of transactions involved businesses entering the Riyadh market for the first time.
Grade A occupancy rates reached an impressive 98% in Q4 2024, driven by a shortage of prime office spaces and sustained business confidence. Rental rates continued to climb with year-on-year growth of 10%. Zones A, which contains developments such as Business Lane Project, Nawafeth, and Zone B, home to Riyadh Business Gate and Granada Business Park, saw even sharper increases of 21% and 14%, respectively.
Over 550,000 sqm of new Grade A office space is expected to be delivered by the end of 2025, with flagship developments such as Diriyah Gate and Prince Mohammed Bin Salman Nonprofit City set to broaden tenant options. While this increase in supply may moderate rental price growth, demand for high-quality, ESG-compliant spaces is expected to remain strong, reflecting the priorities of businesses seeking sustainable and premium workplaces.
Chris Dixon, a partner who led the charge, says he has a ‘very long-term horizon’
Self-tracking has moved beyond professional athletes and data geeks.
