Business

P.O.B1 Properties, the new real estate division of Saif Al Ghurair Real Estate Group (SAGRE), announces its first project, SerenovaP.O.B1 Properties, the newly established real estate development division by Saif Al Ghurair Real Estate Group (SAGRE), announces introducing its inaugural project, Serenova, a community-driven residential project in Dubai Silicon Oasis. The new project reflects P.O.B1...

Dubai developer makes steady progress in its turnaround plans, especially on cost and debtIn the plan drawn up to turnaround the company, Union Properties had cited bringing down its legacy debt load as a priority. Clearly, the Dubai developer is making progress on that.Image Credit: Gulf News ArchiveDubai: Union Properties saw its Q3-2024 profit drop to Dh18.37 million, but the overall 9-month performance...

ONE Development, a homegrown boutique developer with offices and showrooms in Abu Dhabi and Dubai, has revealed details of its flagship $544 million (AED2 billion) project in Dubai’s City of Arabia.Named Laguna Residence, the project is billed as the first fully AI-integrated residential development in the region, featuring the largest lagoon on a podium, centred between two iconic high-rise towers.The...

Set for completion in Q2 2027, the project spans across an expansive 7,850 sqm plot The apartments will feature private balconies or spacious terraces with stunning views of Dubai’s skyline, offering generous outdoor living spaces to enjoy with family and friends (Images: P.O.B1 Properties) P.O.B1 Properties, the newly established real estate development division by Saif Al Ghurair Real Estate...

Dubai’s real estate market has shattered all records in the third quarter of 2024, signalling an extraordinary boom that has the world talking. With both off-plan and ready-to-move properties at an all-time high, this marks a pivotal moment for anyone looking to invest or buy a home in one of the most dynamic cities on the planet!  The Dubai Land Department (DLD) has reported a staggering 142,826...

Lincoln Star Real Estate Development LLC, an upcoming leading name in the UAE real estate market, today announced breaking ground for their new luxury residential project in Dubai South with a targeted handover in Q4 2025.The project will offer a payment plan for investors which envisages a 72-month interest-free payment plan with monthly 1 per cent instalments. A total of 48 residential units including...

UAE: Dubai-based proptech firm Prypco has secured $10 million in a seed funding round.The round was led by Shorooq Partners, with participation from Apparel Group and a number of other undisclosed investors.The investment will be used to scale Prypco’s operations and accelerate its expansion in Dubai and the rest of the United Arab Emirates .Amira Sajwani, founder and CEO of Prypco, told Zawya: “We...

Engel & Völkers Middle East has unveiled its Q3 2024 Dubai Real Estate Market Report, highlighting significant growth in both residential and commercial sectors. The total sales for the quarter reached AED 138.8B, showcasing Dubai’s ongoing appeal to international investors.Notably, residential transactions surged by 40.8% year-on-year, contributing AED 115.6B. In contrast, the commercial sector...

ValuStrat report identifies trends in Dubai real estate sector with most villa prices doubling since 2020 and mid-market properties becoming popularDubai real estate sector is shifting towards mid-market and affordable apartments with two out of five ready home sales worth less than AED 1m ($272,000), according to a report from ValuStrat. The report from Haider Tuaima, Director and Head of Real Estate...

AHS Properties announces sale of Searenity luxury villa in Palm Jumeirah, DubaiDubai real estate developer AHS Properties has announced the sale of its Searenity ultra luxury villa in Palm Jumeirah for AED130m ($35.4m).Searenity is the last of five villas that AHS Properties has redeveloped since the company’s inception.The properties have been transformed into ultra-premium residences and...