The UAE real estate market continues to evolve towards a more balanced phase following an extended period of exceptionally strong growth, supported by market fundamentals, ongoing investment and economic diversification initiatives, says a Colliers report.
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.
Casagrand, one of India's leading real estate developers with more than 22 years of delivery experience and over 200 completed and ongoing projects, today outlined plans to develop more than 6 million sq ft of premium residential and mixed-use space in Dubai over the next three years.
Aecom has been appointed as the lead consultant for infrastructure design peer review and construction supervision for Phase I of the Al Dhaher Development, an integrated residential community project in Al Ain featuring more than 2,300 villas as well as retail, sports and religious facilities.
UAE-based Samana Developers has announced that it has launched three new residential projects - Samana Portside, Samana Greenfield 2 and Samana South Haven - in less than one month, adding 630 new apartments across key growth areas in Dubai.
Dubai's residential property market recorded a modest improvement in July, with overall sales transactions rising 2% and total transaction value increasing 3% month-on-month, according to Dubai Land Department (DLD) transaction data.
Portville Real Estate said it has started handing over residential units at its key Ville 11 project in Masdar City after receiving a building completion certificate from the Abu Dhabi authorities. The premium development features 111 residential units, including apartments, duplexes and triplexes.
Leading Dubai developer Meraas has awarded the ground works contract to International Foundation Group for its landmark 45-storey residential project - Atélis at d3 - located within the Dubai Design District. The contract covers comprehensive site preparation, excavation and shoring and piling works.
FDI Group, a UK-based specialist fire protection contractor, has expanded its regional operations with the launch of Fire Dynamics International. This new business boosts the group's presence in UAE by adding a dedicated contracting division alongside its fire safety consultancy.
Dubai-based Majid Developments has announced steady progress on its prime residential development - Mayfair Gardens - located in Jumeirah Garden City, with the project in its final stages of construction. The 12-storey tower featuring 64 apartments is due for handover in September.
