Real Estate

Azizi Developments, a leading private developer, has set an ambitious target to complete almost 3,000 housing units across 10 buildings in some of its key developments across Dubai. Among the latest projects to be completed is its 284-unit residential project Farishta, located within Al Furjan community.

HH Dr Sheikh Sultan bin Muhammad Al Qasimi, Supreme Council Member and Ruler of Sharjah, has officially launched Madar, a new family-focused entertainment complex located in the heart of Aljada, the 24-million-sq-ft mega-community currently under construction in the Muwaileh district of the northern emirate.

Dubai Investments Real Estate Company (DIRC), a unit of Dubai Investments, says work is moving at a steady pace on Multaqa Avenue, the third cluster within its first freehold gated community in Mirdif Hills, Dubai, with 80 per cent of the construction already completed.

UAE-based Palma Holding, a specialist in luxury residential and mixed-use complexes, has launched Dubai’s most exclusive presidential penthouse at Serenia Residences on the crescent of The Palm Jumeirah for Dh55 million ($15 million).

Emaar Malls, the shopping malls and retail business majority-owned by Emaar Properties, has recorded a five per cent growth in its revenue for 2019 which surged to Dh4.67 billion ($1.27 billion) from the previous year’s figure of Dh4.45 billion. The overall net profit for the year amounted to Dh2.286 billion, similar to Dh2.

Majid Al Futtaim, a leading shopping malls and communities developer and a leisure pioneer in the region, has announced that around 300 three- and four-bedroom townhouses within its Tilal Al Ghaf community in Dubai have been sold out within just three weeks of their launch.

Dubai Investments Park (DIP), a wholly-owned unit of Dubai Investments, says more than 97 per cent of the total leasable land area of 17 million sq m within the integrated commercial, industrial and residential community has been leased out.

Eagle Hills Sharjah kicks off second phase of Maryam Island plan Eagle Hills Sharjah, a joint venture between Sharjah Investment and Development Authority (Shurooq) and Abu Dhabi developer Eagle Hills, has kicked off the second phase of Maryam Island masterplan with the launch of Maryam Gate Residences in downtown Sharjah.