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Tag: DUBAI

Construction & Real Estate

Dubai real estate deals in April surge to $18.7bn

Dubai’s real estate market recorded a sharp month-on-month recovery in April, with total registered transaction value rising 20% to AED68.6 billion ($18.7 billion), said a report. The rebound marks the first decisive recovery following a temporary slowdown in February linked to the regional geopolitical uncertainty. ...

Construction & Real Estate

Dubai real estate transactions rise 20% in April to $18.68bn

Dubai’s real estate market recorded a sharp month-on-month recovery in April 2026, with total registered transaction value rising 20% to AED68.6 billion ($16.68 billion), according to a new analytical report published by Elite Merit Real Estate....

Construction & Real Estate

Aldar's Al Ghadeer Gardens sold out, generates $272m

Aldar, a leading developer, has announced the sell-out of Al Ghadeer Gardens, a community of 437 townhouses and villas within the growth corridor between Abu Dhabi and Dubai, generating more than AED1 billion ($272.3 million) in sales. ...

Construction & Real Estate

Dubai residential market sees $38.34bn Q1 transactions, trophy home sales surge

Dubai’s residential property market maintained its strong momentum in the first quarter of 2026, with transaction values reaching AED140.8 billion ($38.34 billion) despite regional geopolitical uncertainty and the seasonal slowdown associated with Ramadan, according to a new report by Morgan’s International Realty....

Construction & Real Estate

Wasl Group launches 74-unit freehold development in Dubai

Wasl Group has announced the launch of Cedarwood Estates South, the latest addition to its growing freehold portfolio across Dubai. A limited collection of golf view villas, it will boast 74 units across four-, five-, and six-bedroom layouts, with generous plot sizes and open interiors. ...

Construction & Real Estate

RTA completes 80% of 1,650m Al Khaleej Street Tunnel Project

Dubai’s Roads and Transport Authority (RTA) has completed 80% of Al Khaleej Street Tunnel Project, which extends 1,650 metres from the end of Infinity Bridge ramp in Deira to the intersection of Al Khaleej Street and Al Wuheida Street. ...

Construction & Real Estate

New Asst CEO of Housing named at Mohammed Bin Rashid Housing Establishment

HH Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Deputy Prime Minister and Minister of Defence of the UAE, has appointed Noura Mohammed Bakheet Al Madawi Al Rumaithi as Assistant CEO of the Housing Sector at the Mohammed Bin Rashid Housing Establishment....

Construction & Real Estate

Jebel Ali Rail Terminal facilities to hit 1.6m TEUs capacity

DP World has announced that work is moving at a steady pace on the three key facilities within Jebel Ali Rail Terminal, which connects the port directly to the UAE’s national rail network and has an 800,000 TEUs capacity. On completion, the terminal will boast a total capacity of 1.6 million TEUs per annum. ...

Construction & Real Estate

PG Real Estate hands over Al Furjan development, announces new projects

PG Real Estate, the boutique developer known for its design-led, low-density communities, has officially handed over PG One, its flagship mixed-use development in Al Furjan, Dubai, marking another major milestone in the company’s delivery-focused growth strategy....

Construction & Real Estate

EMSTEEL Q1 revenue touches $599m; profit up 246% to $81.42m

EMSTEEL on Wednesday reported first-quarter revenue of AED2.2 billion ($599.05 million), remaining broadly in line with the corresponding period in the prior year. Net profit for the period amounted to AED299 million ($81.42 million), reflecting a 246 percent YoY increase....

Construction & Real Estate

Dubai records $37.9bn real estate transactions in Q1

Dubai recorded 44,400 real estate transactions with a combined value of AED139.2 billion ($37.9 billion) during the first quarter of this year, according to a transaction analysis conducted by Whitewill, an international luxury real estate agency. ...

Construction & Real Estate

DEWA posts record revenue of $1.76bn for first quarter

Dubai Electricity and Water Authority (DEWA), the emirate of Dubai’s exclusive electricity and water services provider, has reported a record revenue of AED6.45 billion ($1.76 billion) for the first quarter of this year....

Construction & Real Estate

Esnaad completes MBR City residential project handover

Dubai developer Esnaad has announced the handover of its residential project in Mohammed Bin Rashid City, marking a key milestone in its journey in the emirate’s real estate market. The project comprises a ground floor, five residential floors, and a rooftop, offering a total of 50 one- and two-bedroom apartments. ...

Construction & Real Estate

Danube unveils first large-scale master villa community in Dubai

UAE developer Danube Group has launch of its first large-scale integrated master villa community - Greenz by Danube - in Dubai. Set for 2029 handover, it will feature three- and four-bedroom townhouses, along with five-bedroom semi-detached and twin villas - all with private lifts and sky gardens. ...

Construction & Real Estate

Dubai opens first smart bus station at Mall of the Emirates

Dubai’s Roads and Transport Authority (RTA) has opened Mall of the Emirates Smart Bus Station, Dubai’s first smart bus station, marking a step change in RTA’s drive to develop an integrated public transport network powered by digital technologies....

Construction & Real Estate

Dubai property market 'shows signs of stabilisation'

Dubai’s property market is showing early signs of stabilisation approximately 67 days into the regional conflict, according to betterhomes’ latest monthly market webinar held on Thursday (May 7)....

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