Ras Al Khaimah's property market continued to attract investment during the first half, supported by demand for residential and tourism-related assets and a growing pipeline of major developments. Apartment sale prices rose about 18% year-on-year to AED2,298 per square foot, while villa prices increased 7.3%, said a report.
UAE-based Royal Development, a subsidiary of Emirates Stallions Group, has announced the launch of Phase Two of AED1.45 billion ($395 million) Radisson Residences Al Reem Island in Abu Dhabi, introducing its third tower, which features 437 furnished branded homes with a mix of studios and one- to two-bedroom apartments.
Saudi developer Roshn has joined hands with Talaat Moustafa Group to set up a new venture that will be responsible for the development of a mixed-use community in Riyadh featuring more than 55,000 residential units along with key retail, hospitality, leisure and healthcare facilities.
Cosmo Developments, a joint venture between Abu Dhabi-based Flag Holding and Reportage Group, has announced the launch of The Wadi, a AED6 billion ($1.6 billion) mixed-use residential development located on Yas Island. It boasts a total of 3,950 residential units with a mix of studio units to three-bedroom apartments.
Saudi-based Umm Al Qura for Development and Construction Company, has announced that it has signed a land sale agreement with Rawajeh Group for the development of a residential tower in Zone 2 of its mega Masar Destination. The project will feature 250 residential units along with premium lifestyle amenities.
Rove Hotels and IRTH Group have announced a multi-year partnership to develop a new pipeline of standalone Rove Home residential projects across the UAE, expanding a collaboration that has already delivered more than 2,000 sold-out units in Dubai.
Leading UAE developer Aldar has announced the launch of Talay, an exclusive collection of 351 standalone villas, marking the first residential community at Marsa Al Saadiyat in Abu Dhabi. The 6.4-million-sq-m development is located alongside an Etihad Rail underground station and includes 8 km of coastline.
Saudi Arabia’s Knowledge Economic City has signed an agreement with Almajdiah and Capital Hill for the development of a new residential project in Madinah at an estimated cost of SAR2.8 billion ($738 million). The project will boast around 2,700 residential apartments as well as 8,000 sqm net leasable commercial space.
Expo 2030 Riyadh and Mohammed Al Habib Real Estate Company (MAHR) have signed an SAR3.2 billion ($853 million) joint venture agreement for the development and delivery of the Expo Village, the residential community for Expo 2030 Riyadh.
Bloom Holding, a premium communities master developer based in Abu Dhabi, has announced the launch of Alhambra, the final release of Bloom Living, its fully integrated and all-inclusive community in the UAE capital, featuring a mix of residential, retail and dining facilities.
