Real Estate

Luxury homes at the $1.4-billion Royal Atlantis Resort & Residences, set to become Dubai’s first super-prime development, are now on the market.

A Nakheel and Centara Hotels and Resorts joint venture is building a 550-room beachfront resort on Deira Islands in Dubai, UAE, at a cost of $136 million.

Majid Al Futtaim, a leading retail and leisure pioneer in the region, plans to set up a new Dh300-million ($82 million) shopping destination in the heart of Masdar City in Abu Dhabi, UAE. The flagship sustainable urban facility located next to Abu Dhabi International Airport is being developed by top UAE renewable energy company Masdar.

Damac Properties has launched the sales of its high-end Kensington and Beverly Hills boutique villas aimed at redefining sophistication in the heart of Dubai’s latest golf communities.

Cayan Group, a Saudi-based property developer and real estate investment group, said it has achieved remarkable success in 2016 with the launch of SR5.5 billion ($1.46 billion) projects across the Middle East.

Shapoorji Pallonji (SP), one of India’s oldest business conglomerates, will utilise some of the latest technological advancements in the construction of its Imperial Avenue project in Downtown Dubai, UAE.  The 45-storey residential tower is the first real estate project by SP outside India.

Shaikhani’s Gardenia Residency takes off Dubai-based property developer Shaikhani Group has launched the Gardenia Residency, part of a Dh3.5-billion ($952 million) portfolio of projects that are in various stages of execution, as it continues handover of properties to buyers.