Author: Property News
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Emaar Development Reports 66% Increase in Property Sales in First Nine Months of 2024
Dubai, UAE – November 11, 2024: Emaar Development PJSC (DFM: EMAARDEV), a leading UAE property development firm and majority-owned by Emaar Properties PJSC (DFM: EMAAR), continued its upward momentum in the third quarter of 2024. Property sales increased 66% to AED 48 billion (US$ 13.1 billion) in the first nine months, compared to AED 28.9…
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Saudi Arabia: 115,000 new homes needed by Saudi nationals each year to achieve 2030 goals
Riyadh, 11th November 2024: Over 115,000 new homes are needed each year up to 2030 to satisfy demand from Saudi nationals, according to global property consultancy, Knight Frank’s new whitepaper: Transforming Saudi’s Residential Housing Market: Opportunities Abound. Approximately one-third of this incremental demand is being driven by the government’s 70% homeownership rate target, given the rate of…
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Cityscape Global Set to Open Tomorrow in Riyadh with Unprecedented Lineup of Experts, Exhibitors, and Events
Riyadh, Saudi Arabia – 10 November 2024: Cityscape Global, the world’s largest real estate event, is set to open tomorrow at the Riyadh Exhibition & Convention Centre, with an expanded focus on B2B opportunities. Running from 11-14 November, this year’s event will feature over 500 experts, 400 exhibitors, and new segments across 45,000 sqm. The…
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The Sustainable City – Yiti Set to Showcase Sustainable Living Model at Cityscape Global 2024 in Riyadh
Muscat, Oman – 10 November 2024 – The Sustainable City – Yiti is set to showcase its leadership in sustainable living at Cityscape Global 2024, taking place in Riyadh, the Saudi capital. This participation marks the latest in a series of appearances at international and regional real estate events, reinforcing its position as a global model…
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Al Sayyah Group Launches Its New Project, Butterfly Towers in Arjan, Dubai
Dubai, UAE, 7 November 2024: Al Sayyah Group, a leader in Dubai’s real estate industry with over 15 projects delivered across the city, is excited to announce the launch of Butterfly Towers, a luxurious AED 350 million residential development located in Arjan. The development features 434 residential units, including 28 studios, 238 one-bedroom apartments, 152…
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Kensington Gardens: A New Architectural Gem Added to Leos’ Luxury Residential Projects in the UAE
November 2024, Dubai, UAE: Leos Real Estate Development, the leading British brand in global property development, has announced the launch of its luxurious new project, Kensington Gardens, marking its first-ever venture in the UAE. The total value of the first phase of development is estimated at 1.1 billion AED, and it is located in the…
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Nikken Sekkei Showcases Middle East Architectural Innovation at Cityscape Global Riyadh
Riyadh, Saudi Arabia – 7 November 2024: Leading Japanese design firm Nikken Sekkei unveils its iconic Middle East projects at Cityscape Global in Riyadh, showcasing One Za’abeel, Tadawul Tower, and Dubai Harbour Residences. Since the 1980s, Nikken Sekkei has been a pioneer in architecture, engineering, and urban design across the Middle East, with projects that…
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Pantheon Development Launches AED 1 Billion ‘One Central’ Project in Ras Al Khaimah
Dubai, UAE, 7 November 2024 – Pantheon Development, a Dubai-based real estate leader, proudly announces its latest AED 1 billion project, One Central, a mixed-use development strategically located at RAK Central in Ras Al Khaimah. Spanning an impressive 450,000 sq. ft., One Central will encompass 312 premium residential units, a Grade A office tower, and…
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Deyaar’s Pre-Tax Profit Jumps to AED 348.8 Million for YTD Sep’24, Reflecting 47% Growth
Dubai, UAE – 06 November 2024: Deyaar Development PJSC (“Deyaar”), a leading real estate developer in Dubai, announced a profit of AED 348.8 million before tax for the nine-month period ending September 30, 2024, marking an impressive 47% year-on-year (YOY) increase from AED 237.5 million in YTD Sep’23. This financial milestone was reported on the…
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Reef Luxury Developments Unveils Groundbreaking Project Featuring Patented Climate-Controlled Sunken Gardens
6th November 2024, Dubai, UAE: Reef Luxury Developments, a leader in innovative real estate solutions, has announced the launch of REEF 1000, a transformative boutique project featuring 125 unique homes located in the Dubai Land Residential Complex. The development is a key part of the company’s ambitious expansion plans, with 30 projects set for launch…
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