Dubai-based Mashriq Elite Real Estate Developments has broken ground on its fifth residential project - Floarea Skies - in Jumeirah Village Circle (JVC). The 23-floor development will feature 192 residences with a mix of studios, one and two-bedroom units.
Dubai's residential real estate market has seen a significant drop in transaction volumes as a result of the Middle East war. However, specific segments of the market are now experiencing a price correction, albeit a moderate one, according to S&P Global Ratings.
Egyptian developer Al Ahly Sabbour Real Estate has announced the launch its first luxury residential offering in Oman as part of the Wadi Zaha development within the Sultan Haitham City. The Zaha Residence comprises a mix of studios and one- to three-bedroom apartments as well as other premium amenities.
DHG Properties, a part of Swiss real estate and construction group DHG, has officially begun the handover of its Helvetia Residences project in Jumeirah Village Circle (JVC). A $200 million residential project, it features 430 homes across 25 floors with a mix of studios and one- to three-bedroom apartments.
Saudi Arabia’s construction activity expanded for a fifth consecutive month in September, although the pace of growth eased from August, according to a report. The activity increased across the key sectors of residential, non-residential structures and infrastructure supported by new orders.
Dubai-based ALA Developments has broken ground on Havencia, a 286-unit premium development located within Dubai Land Residence Complex. Set for completion in Q2 2028, the 34,057-sq-ft project features a mix of studios, one- and two-bedroom apartments along with key amenities.
Burtville Developments has launched its latest residential development, Bab Al Qasr Beach Resort Residence 77, in Abu Dhabi, scheduled for handover in Q4 2031.
Oraya Developer, a key real estate company has announced its official entry into the UAE market with the first residential project on Marjan Beach, Ras Al Khaimah. With this project, the company aims to introduce a new standard for lifestyle-led coastal living in the UAE.
Eskan Bank has signed an agreement with First Bahrain Real Estate Development Company for the marketing and sale of housing units within the Hai Al Sahil project. It is among three new projects in Salman City featuring a total of 137 residential units that are being implemented by a group of real estate developers.
Azizi Group has unveiled its AED4.7 billion ($1.1 billion) Mohammed bin Rashid Endowment District - showcasing design features for the various healthcare, educational and residential components of the 2-million sq ft master-development within Dubai Academic City.
