Real Estate

Leading UAE developer Aldar Properties has announced the launch of Alreeman II, a Dh1.7-billion ($463 million) masterplanned residential community in the Alshamkha area of Abu Dhabi, available exclusively for purchase by Emiratis. Alreeman II follows the success of Alreeman, launched this January which generated Dh1.

Azizi Developments, one of the leading private developers in the UAE, has recorded a sell-out response to its key properties in Al Furjan, Dubai’s high-growth corridor with superb connectivity to the entire city.

Dubai-based ultra-luxury developer Omniyat says work is in full swing at Anwa by Omniyat, its key residential project located at Dubai Maritime City (DMC) and is on track for handover by the second quarter of 2020. Anwa by Omniyat is the foremost residential project at DMC.

GFH Properties, the real estate arm of GFH Financial Group, has launched the sale for its landmark Harbour Row residences with an exclusive financing plan that enables prospective buyers to purchase their dream home in Bahrain’s striking waterside location as work progresses at the development.

UAE-based Masaood Developments has announced that it has received an overwhelming response from both Emiratis and expats for its freehold Abu Dhabi waterfront residential project, Azure Al Reem, within just four weeks of its launch.

Oman-based S&T Real Estate says its mixed-use iconic development, Water-Front, has been awarded the LEED (Leadership in Energy and Environmental Design) Gold certification by the US Green Building Council.

The value of the total real estate transactions in Dubai surged to more than Dh34 billion ($9.25 billion) during the first five months of 2019 from Dh24 billion last year, according to Dubai Land Department (DLD).

Vincitore Realty, a branded boutique real estate developer, says it has set a record-breaking feat by selling 108 units in just 21 days since the launch of its third project in Dubai, the Dh375-million ($102 million) Vincitore Benessere.

UAE-based World of Wonders Real Estate Development (Wow Red) has signed a partnership deal with Dubai Islamic Bank (DIB), the UAE’s largest Islamic bank, to provide a value-added home finance solution for SLS Dubai Residences customers.

Arada partners with Sabis to set up new school in Sharjah UAE’s newest developer Arada has announced a partnership with Sabis, the global education network and schools provider that operates the International School of Choueifat (ISC) institutions in the Middle East, which will see the opening of a new K-12 international school in Sharjah.