Alef Group, the leading real estate development company in Sharjah, proudly announces that 90% of the units in the Arim and Alma neighbourhoods within the Hayyan development have been sold. This milestone represents the sale of 1,131 units, reflecting strong market demand and confidence in Alef Group’s vision for Hayyan. Issa Ataya, CEO of Alef Group, commented: "The overwhelming response to Arim and Alma underscores our commitment to creating premium, sustainable communities that resonate with residents. We are excited to continue this momentum with the launch of a new zone at Hayyan in the near future." Arim Neighbourhood Arim neighbourhood, featuring 848 units,

Arada has announced its first expansion outside its home UAE market with the launch of operations in Australia. The Dubai-based master developer has set up a new office in the Sydney suburb of Pyrmont, and is already planning multiple projects in Australia’s most populous city. Valued at AED6 billion, Arada’s extended pipeline of projects will aim to contribute towards urban renewal required to address the current housing shortage in Sydney. Adding over 2,500 homes to the Sydney housing market, sales and construction for Arada’s initial projects will begin in 2025. With significant land holdings, the sites will deliver extensive commercial and

Alef Group, the leading real estate development company in Sharjah, has announced the completion of the master infrastructure for the Hayyan development. The project includes the Arim and Alma neighbourhoods which are progressing ahead of schedule, showcasing Alef Group's commitment to delivering exceptional residential projects. IssaAtaya, CEO of Alef Group said: "The completion of the master infrastructure at Hayyan and the ahead-of-schedule progress in the Arim and Alma neighbourhoods reflect our unwavering commitment to creating exceptional living environments. We are dedicated to providing high-quality, sustainable residential options that enrich the lives of our residents."   Arim Neighbourhood Arim neighbourhood consists of 848 units and provides

AJMAL MAKAN Real Estate Development, a leading UAE-based master Real Estate developer of cities and mixed-use master-planned communities, has chosen XBD Collective, a multi-award-winning design and architecture firm with offices in Dubai, London, and Kochi, to refine and evolve the master plan for AlThuraya Island, located atthe heart of the iconic AJMAL MAKAN City – Sharjah Waterfront project. Situated on Al Hamriyah Beach in the Emirate of Sharjah,35 minutes northeast of Dubai, AlThuraya Island introduces an unparalleled residential retreat on its five million square feet paradise. Set against the backdrop of pristine beaches and enchanting rocky edges, the island is poised to redefine

Kleindienst Group, a leading global business conglomerate and master developer behind The Heart of Europe, announced the launch of Marbella Resort Hotel, Vignette Collection by IHG Hotels and Resorts, on the World Islands, Dubai. The AED 1 billion five-star hotel draws inspiration from the architectural marvels of the Spanish resort town of Marbella, and is poised to bring the complete Costa Del Sol experience to the UAE with its distinct Andalusian-inspired design. The hotel is surrounded by half a million square metres of 9 different types of coral reefs that house over 30 types of fish. The kilometre long raining street

Arada Developments LLC (“Arada”), rated B1 by Moody’s and B+ by Fitch, has successfully completed the issuance of its second public financing deal, a $400 million Sukuk, which has been listed on the London Stock Exchange and the Nasdaq Dubai. This is the first issuance under Arada’s newly established $1 billion Sukuk programme. The five-year fixed rate RegS Sukuk issuance, rated BB- by Fitch and B1 by Moody’s, was priced at par with a coupon of 8.000%, inside the initial guidance area of 8.625% for a spread of 355 bps over US Treasuries. The trade achieved one of the highest price tightening by

AJMAL MAKAN Real Estate Development, a leading developer of urban and mixed-use developments, launched its new state-of-the-art architectural masterpiece – AlThuraya Island – in AJMAL MAKAN city on Sharjah waterfront. The launching ceremony was held at the company headquarters in Sharjah. The launch of Al Thuraya Island reflects the ambitious vision of AJMAL MAKAN to redefine the standards of opulent lifestyle. In line with this, the project seeks to set new standards for the real estate landscape by developing an exquisite architectural masterpiece that is capable of addressing the growing demand for residential units especially in the luxury segment. The developer’s

Arada has awarded two contracts valued at AED1.48 billion for the construction of Sequoia and Saro, the final two phases of Masaar, the AED9.5 billion woodland megaproject in the Suyoh district of Sharjah. Valued at AED650 million, the Sequoia contract to build 428 homes has been awarded to Pivot Engineering & General Contracting, the Abu Dhabi-based firm also responsible for building Kaya, the second phase of Masaar. The second contract, worth AED830 million, to build the 597 units at Saro, the sixth and final phase of Masaar, has been awarded to Intermass, a well-established Sharjah-based contractor. Intermass has previously built part of

With the UAE’s real estate market continuously prospering, the requirement for industry specialists becomes more of a necessity for key players looking to expand their services in this very competitive market. According to data analytics online platform, Statista, the UAE real estate market is anticipated to reach a value of just over AED 2.6 trillion (2.6057) by the end of 2024, with high-net-worth individuals (HNWIs) playing a key role in this surge, driven by their interest in luxury property investment. In the first three months of the year, 105 luxury homes were sold in Dubai, bringing it closer to matching the

Arada has awarded two contracts valued at AED1.48 billion for the construction of Sequoia and Saro, the final two phases of Masaar, the AED9.5 billion woodland megaproject in the Suyoh district of Sharjah. Valued at AED650 million, the Sequoia contract to build 428 homes has been awarded to Pivot Engineering & General Contracting, the Abu Dhabi-based firm also responsible for building Kaya, the second phase of Masaar. The second contract, worth AED830 million, to build the 597 units at Saro, the sixth and final phase of Masaar, has been awarded to Intermass, a well-established Sharjah-based contractor. Intermass has previously built part of