Jebel Jais, the tallest mountain in the United Arab Emirates, is a majestic peak that is part of the breathtaking Al Hajar mountain range. This range stretches from Ras Al Khaimah in the eastern part of the UAE to the Musandam Peninsula in northern Oman. Spanning 100 kilometers in width and 700 kilometers in length, the Al Hajar mountain range crosses the borders of both countries and stands as the highest mountain range in the region. Jebel Jais, the highest peak in Ras Al Khaimah, rises to an impressive height of 1,934 meters above sea level. The mountain boasts a fascinating landscape and i ..read more

Samana, a private developer based in Dubai, launched the Dh1 billion Samana Lake Views Project on Thursday. This year, the group plans to invest Dh12.5 billion in UAE real estate. Located in Dubai Production City, the twin towers offer 1,006 apartments with studios, one, and two bedrooms spread over a 794,000 square foot plot. The project is expected to be finished in October 2027. “Samana’s new project is the beginning of an expansion to a new dimension of designs that are planned to be built near the waterfront developments. Developing our projects near the waterfronts are in response to the ..read more

According to the Sharjah Real Estate Registration Department, the city of Sharjah recorded Dh10 billion in property transactions in the first quarter of 2024, up 67.1% from the same period the previous year. This growth in demand is attributed to the emirates’ decision to permit non-GCC nationals to purchase real estate. With 7,628 properties, Emiratis topped the list in terms of volume, followed by Indians (683), Syrians (484), Pakistanis (275), and Jordanians (227). UAE citizens made investments totaling Dh4.4 billion, while GCC citizens made investments totaling Dh625.5 million. Arab nation ..read more

A long-term lease agreement for 232 one-, two-, and three-bedroom apartments in the “Jeera” residential buildings has been signed by the Commercial Avenue Company and Retaj Real Estate. Fahad Abdullatif Al Jahrami, Chairman of the Board at The Commercial Avenue Company, signed the agreement and stated, “This agreement is a significant milestone in enhancing Qatar’s real estate landscape. We are dedicated to delivering exceptional value, and this partnership exemplifies our commitment to excellence.” The Commercial Avenue Company’s CEO, Abdulla Abdulrazzak Haidar, stated that the new agreement ..read more

Six Senses announced the opening of Six Senses Residences Dubai Marina, their newest project, in partnership with Select Group, a real estate developer in Dubai. When completed, the 122-story complex will be 517 meters tall, the tallest residential tower in the world. Six Senses Residences Dubai Marina will integrate wellness amenities and infrastructure into its design concept, staying true to its wellness-centric philosophy. The development’s goal is to offer its residents a complete lifestyle, emphasizing happiness, well-being, and sustainability. There will be 251 homes in the development ..read more

Starting from Monday, April 22nd, children under the age of 12 can enjoy complimentary entry to Global Village. The ‘Kids Go Free’ promotion will be available throughout the entire week, concluding on Sunday, April 28th, coinciding with the end of Season 28 at Global Village. This season, the outdoor multicultural destination features 27 pavilions showcasing more than 90 diverse cultures from across the globe. Visitors can explore thousands of shopping outlets and indulge in a wide array of dining options, making it a truly immersive and enriching experience for the whole family. Global Villag ..read more

The real estate market in Sharjah reached a trading value of Dh10 billion in the first quarter of this year, up 67.1% from the same time last year. Comparing the same period last year to this year, there was a rise in sales transactions to 6,146 from 3,011 transactions. According to the “Quarterly report on the real estate sector performance” issued by the Sharjah Real Estate Registration Department, the total number of transactions reached 23,478, with a growth rate of 9.3 percent compared to last year. The total area traded reached 28.3 million square feet. Abdul Aziz Ahmed Al Shamsi, Direct ..read more

Saudi Arabia has to increase its hotel capacity to accommodate all those massive tourism-focused projects. By 2030, the Kingdom is expected to add 320,000 new hotel rooms, according to the most recent estimates from the consulting firm Knight Frank. By the end of the decade, 150 million domestic and foreign tourists are anticipated, so the Saudi market will require it. Sixty-six percent of the newly available hotel rooms will fall into the “luxury,” “upper upscale,” and “upscale” categories. According to the Knight Frank report, by 2030, this segment will ‘expand further to 72 percent of the m ..read more

The manager of Emirates REIT (CEIC) PLC, Equitativa (Dubai) Limited, has released the financial results for Emirates REIT for FY 2023. The REIT saw rapid expansion and record-breaking rental income. Commenting on Emirates REIT’s 2023 performance, Thierry Delvaux, Chief Executive Officer of Equitativa, said: “The past year represents a major milestone for Emirates REIT, with record revenues and positive operating profits built on a strategy based on asset performance optimization. With a well-managed diversified portfolio of premium commercial, retail, and educational assets in Dubai, Emirates ..read more

At an exclusive event held in Madinat Jumeirah, Dubai, ARA Real Estate Development, a subsidiary of Core Holding, unveiled the Arabian Hills Estate, a master-planned, gated community in Abu Dhabi. The project, valued at AED22 billion ($6 billion), has full development and management responsibility, according to the company. DECA Properties has been selected as the exclusive partner for sales and marketing of this ambitious 244 million square foot project located in Abu Dhabi. According to a statement, this partnership is a major step toward achieving the goals of Arabian Hills Estate and is co ..read more