Damac Properties, the largest private real estate developer in the UAE and the Middle East, is currently celebrating the handover of more than 50,000 homes.
DIB, a leading Islamic bank in UAE, has launched a new off-plan home finance proposition designed to support customers purchasing freehold properties from leading developers across the UAE during the under-construction phase.
The majority of homes currently under construction in Dubai have already been sold, with a new report showing absorption rates of 90%-100% for thousands of apartments and villas to be completed this year.
Nakheel, a member of Dubai Holding Real Estate, has begun handing over 892 homes at Jebel Ali Village, as residents start moving into the new residential community.
Shamal Holding, a UAE diversified investment company, has awarded the main works contract to Dutco Construction for its new residential project on the former Dubai Zoo site in Jumeirah 1. Once completed, it will boast 90 low-rise homes that blend refined architecture, nature and connected living.
UAE-based developer H&H has appointed leading contractor Palace Group to deliver an exclusive collection of six-bed Luna Villas within its nature-led residential community - Eden Hills in Dubai. Set for completion in 2028, these villas occupy prime plots overlooking the signature Central Wadi.
The Abu Dhabi Department of Energy (DoE) has launched its Cooling Load Manual (CLM) in support of the Abu Dhabi Energy and Water Efficiency Strategy 2030.
The Federal Tax Authority (FTA) has announced a significant increase in the number of beneficiaries of VAT Refund Scheme for Emirati nationals building new residences during the first half. A total of 4,000 refund applications were approved in H1 over 3,100 the same period last year.
Sobha Realty, a leading global luxury real estate developer, is planning to hand over 6,819 units across Dubai in 2026, representing a total sales value of approximately AED21.6 billion ($5.88 billion).
Dammam is dominating Saudi Arabia’s residential property sector growth, with quarterly sales values rising 71% to reach SAR3.6 billion ($947 million) in Q1, said a report. Around 2,900 homes were sold in the Saudi city from January to March this year, up 41% over the previous quarter.
