Real Estate

Emaar Properties last month launched Burj Crown, a 44-storey luxury residential tower located on the vibrant Sheikh Mohammed bin Rashid Boulevard with direct views of Dubai Opera and Burj Khalifa.

UAE-based Danube Properties has announced the completion of Resortz, a Dh300-million ($82 million) luxury resorts-style property that hosts 444 residential and retail units.

Azizi Developments, a leading private developer in the UAE, has sold a whopping 81 per cent of its inventory across its 54 ongoing projects in Dubai, as of the third quarter (Q3) of 2019.

Real estate transactions totalled Dh24.2 billion ($6.58 billion) in the Emirate of Sharjah in 2019 increasing by 7.3 per cent in comparison to 2018, a media report said. A total of 61,357 transactions were recorded in 2019, increasing by 13.

Dubai registered a total of 41,988 real estate transactions in 2019, marking the highest number of sales transactions registered annually in the emirate since 2008, said Property Finder, a leading property portal in Mena.

Diyar Al Muharraq, one of the largest real estate developers in Bahrain, has announced that it has begun foundation work for the Souq Al Baraha project amongst the residential communities, located in the heart of the integrated city off Muharraq coast.

Abu Dhabi-based Reportage Properties has launched “The Gate” project in Masdar City in the UAE capital, offering 463 luxury residential units with prices starting at Dh500,000 ($136,100).

Samana Developers has appointed Atcon Construction as the contractor for its second project - the Dh100-million ($27.2 million) Samana Hills. The project is located in Arjan, close to Dubai Miracle Garden, the world’s largest natural flower garden.

Arada posts 33pc growth in sales during 2019 UAE-based Arada, a top real estate developer, says that its sales rose by 33 per cent in 2019 compared to the previous year, boosted by significant investor interest in Sharjah’s largest mixed-use megaproject, Aljada.