Category Archives: Real Estate

Real Estate

DAMAC Maison Aykon City Launches ‘It’s Your Home Staycation’ Campaign

Dubai, 9 August 2024 – DAMAC Maison Aykon City is thrilled to announce the launch of its ‘It’s Your Home Staycation’ campaign, offering guests an unparalleled home-away-from-home experience. As part of this exclusive offer, guests can enjoy 35% off the Best Available Rate across all room categories, ensuring an unforgettable stay for both leisure and corporate travelers.

Located in the heart of Dubai, DAMAC Maison Aykon City stands as a beacon of modern luxury and comfort, blending contemporary design with a warm, homely atmosphere. This unique positioning makes the property the preferred choice for those seeking a seamless blend of urban sophistication and the comforts of home. With its prime location amidst Dubai’s vibrant business districts and iconic attractions, DAMAC Maison Aykon City is perfectly situated for guests looking to experience the best of the city.

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Real Estate

MERED expands to Abu Dhabi with prime waterfront property on Al Reem Island

Dubai UAE, 7August 2024: MERED, the award-winning international premium real estate developer, continues its rapid expansion across the UAE by acquiring a prime waterfront plot in Al Reem Island, Abu Dhabi. This milestone shows MERED’s strategic growth ambitions and commitment to delivering state-of-the-art residential and commercial developments to multiple hubs in the country.

The newly acquired plot spans 11,890 sq, located in the vibrant and well-connected Al Reem Island. Known for its stunning waterfront views, lively community, and part of key financial hub Abu Dhabi Global Market (ADGM), the island provides an ideal setting for MERED’s next visionary project. The island has emerged as one of the top spots for premium apartments, with investor confidence soaring in H1 of 2024, according to Bayut.

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Real Estate

Asteco’s Q2 2024 Report Reveals Sustained Growth In the UAE Real Estate Market

Abu Dhabi,6 August 2024–According to the Asteco Q22024 real estate report, Dubai’s strong economy and attractive lifestyleremain major draws for expatriates. Dubai’sunderlying fundamentalsare robust, driven by high equity in the real estate market, continuedeconomic growth, infrastructure development and a growing population.

The report also highlights that Abu Dhabi’s real estate market is set for continued growth in 2024, supported by government initiatives and robust economic fundamentals. Meanwhile, the Northern Emirates are poised for sustained development, underpinned by strategic planning, attractive affordability, and increased investments.

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Real Estate

Dubai’s property market grows in double-digits– Transactions up by32%; Sales Value rises by 23% in June quarter: Square Yards

Emaar Properties and Sobha Limited set the market pace, leading in registered home transactions and sales value.

Dubai, UAE, August6, 2024 –Dubai’s residential market is on a remarkable upward trajectory, fuelled by the global surge in demand for luxury real estate post-pandemic. According to the latest data from Square Yards, the Dubai Land Department registered a staggering 32,109 transactions in the April-June 2024 period, marking a 32% increase compared to the same period last year. The total sales value reached AED 63 billion, reflecting a robust 23% growth year-on-year.

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Real Estate

Biggest Plot in Business Bay Just Sold through Driven Properties

Dubai, United Arab Emirates, August 1, 2024: Driven Properties, Dubai’s renowned real estate brokerage, announces its successful facilitation of the sale of the largest plot in Business Bay. The sale marks a significant milestone for the area, paving the way for a new, sustainable office park.

The premium office park by Lamar Development will serve as a welcome addition to the area, addressing the critical shortage of Grade A office spaces in Business Bay and the city at large. With neighbouring off-plan office developments seeing prices that exceed AED 7,000 per square foot, the sale solidifies Driven Properties’ position as a trusted provider, even in the face of short supply. This investment on the canal strip puts the Gross Development Value for Lamar’s existing and upcoming developments across the canal to over AED 12 billion.

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