Azizi Developments, a leading private developer in the UAE, has marked the ground-breaking and begun construction of the fourth phase of Riviera, its flagship masterplanned French Mediterranean-inspired lifestyle community situated in Dubai’s MBR City. Phase Four of Riviera, being built at a cost of AED4 billion ($1.
Master developer Nakheel has launched Murooj Al Furjan, a residential community of 418 villas at Al Furjan, one of its largest, most popular mixed-use developments in Dubai.
Leading developer Kleindienst Group says finishing touches are being given to a giant beach project within its master-planned second home and tourism island destination, The Heart of Europe, being developed just 4 km off the coast of Dubai at an investment of $5 billion.
UAE-based developer Arada has awarded the construction contract for The Boulevard, an upscale residential complex featuring around 600 units at its Sharjah mega-community Aljada. Spread over a 24-million-sq-ft area, Aljada is located on the last large plot of land in the heart of New Sharjah.
Al Zahia, a joint venture between Majid Al Futtaim Properties and Sharjah Asset Management, has launched the sale of ready-to-move in residential units within its Al Lilac neighbourhood.
Dubai-based developer Sobha Realty has unveiled a new 592-unit residential tower, Waves, within its AED16-billion ($4.35 billion) Sobha Hartland, an 8-million-sq-ft freehold master development at Mohammed Bin Rashid Al Maktoum City in Dubai.
Eagle Hills Sharjah, a joint venture between Sharjah Investment and Development Authority (Shurooq) and Eagle Hills, has announced the launch of Shams Residences on Maryam Island, a first-of-its-kind luxury waterfront development in Sharjah’s Al Khan and Al Mamzar districts.
Saudi property market shows first signs of a recovery Saudi Arabia’s property market has started showing the first signs of a recovery following the Covid-19 outbreak, buoyed by an overall improvement in the country’s business activity, according to property expert Knight Frank.
