The partnership will launch a clutch of projects in the fiercely competitive mid-size development segment in Dubai, with an initial investment kitty of AED1.3 billion The surging demand for residential properties in Dubai is triggering new alignments in the industry, with Karma Developers, a prominent player in the luxury segment in the UAE, and DECA Properties, a globally leading development...

arabianbusiness OMNIYAT, the prominent developer, previously disclosed its acquisition of Marasi Bay Marina from Business Bay LLC This acquisition represents a groundbreaking move for OMNIYAT, extending their architectural expertise and elevated lifestyle vision from individual properties to a complete, exclusive, ultra-luxury enclave. Situated at the heart of Dubai, the dynamic waterfront location...

The steadily deteriorating situation is said to be giving sleepless nights to commercial tenants Alarm bells are ringing loud across businesses in Dubai in the wake of a runaway increase in office and retail spaces rentals – estimated to be up to 300 percent in some of the prime areas in the last 24 months – due to an acute demand-supply crunch in the commercial real estate sector in the city,...

MERED and Mirage partner to develop new ultra-high-end residential project in Dubai Dubai’s MERED and Mirage have partnered to develop a new residential landmark in the city. The partnership will see the development of what aims to be an ultra-high-end project set to come to completion in three years. The project will feature 311 apartments and offer residents amenities that include spas...

The city’s hotels, and resorts are off to a great start this weekend, as staycation demand hits a peak Anyone trying to make a last-minute booking for a hotel room in Dubai this weekend would have been disappointed. Not only were top hotels and resorts in the city charging Dh2,500 and well above for a night, there weren’t many rooms available either. As for hotel operators and owners,...

Gemini Group runs on trust, credibility, and commitment. They commit to projects, developments, and to investments because they believe in the power of will. When they say ‘customer first’, it’s not just something to pin up on the wall. It is a value that is the cornerstone of their mission. As part of the Gemini Group, Gemini Property Developers aims for total customer satisfaction. They treat...

Focus on creating quality living spaces, and they should have no trouble selling What can be said about the performance of the Dubai off-plan market that hasn’t been said? We are witnessing a boom in transactional activity, with a healthy mix of interest from end-users and investors. New launches sell out in record time, and even off-plan properties closer to completion have...

The majority of properties sold were in the AED2 to 3 million price range, the Allsopp & Allsopp report reveals A new report finds that Dubai’s real estate market recorded a hectic summer period with AED 92.6 billion during the third quarter of 2023. The summer months in Dubai, usually characterized by scorching temperatures that can peak as high as 50°C, are often the slowest for investor...

The first Group's diverse, high-value asset portfolio ranging from award-winning upscale hotels and residences to exciting F&B outlets and lifestyle venues, we are the region’s leading provider of end-to-end hospitality solutions. As changemakers, The First Group's executive team is renowned for developing fresh approaches to tackling age-old challenges, while setting the highest benchmarks for...

Dubai was awarded the title of the World’s Top Tourist Destination for a second consecutive year Dubai has once again secured its position as the world’s leading tourist destination, claiming the top spot for the second year running in TripAdvisor’s Travellers’ Choice Awards for 2023. This achievement is due to feedback from visitors who shared their unique personal experiences, according to a...