Highlights of the week | 23rd June – 29th June 2025​

Amirah launches landmark project on Dubai Islands with Shine Square as the main building contractors (23rd June)​

Amirah Developments has appointed Shine Square Building Contracting as the main contractor for its flagship project, Bonds Avenue Residences, on Dubai Islands. The waterfront development will feature modern apartments, landscaped courtyards, and sustainable amenities tailored for families and professionals. Designed with smart home systems and energy-efficient features, the project reflects eco-conscious living. Al Gafry Consulting Architects Engineers will oversee construction, set for completion by Q1 2027. ​

Read more at Amirah awards main contract for Dubai Islands residential project | Zawya​

SEC reviews proposed changes to Sharjah Judicial fees (24th June)​

H.H. Sheikh Sultan Bin Mohammed Bin Sultan Al Qasimi, Crown Prince and Deputy Ruler of Sharjah, chaired a Sharjah Executive Council meeting at the Ruler’s Office. Attended by other senior officials, the meeting focused on enhancing local services to better meet community needs. Key discussions included improvements to Sharjah City’s rental process, which is now more accessible via digital platforms. The Council also reviewed proposed amendments to the judicial fees law. These suggestions will be submitted to H.H. Sheikh Dr Sultan Bin Mohammed Al Qasimi for approval, marking a step toward streamlining legal and municipal procedures in the emirate.​

Read more at SEC reviews functioning of Sharjah’s rental system | Zawya​

Ambra development’s masterview villa fetches AED 46 Million (25th June)​

A masterview villa in Jumeirah Islands has sold for AED 46 Mn, marking the highest recorded sale for this property type in the community. The five-bedroom, fully furnished villa sits on a 15,808 sqft. plot and features home automation and Italian interiors. Brokered by Allsopp & Allsopp, the sale highlights Jumeirah Islands’ growing appeal to ultra-high-net-worth individuals, especially from Europe and Southeast Asia. The villa was developed by Ambra Development, and the transaction adds to a series of high-value property deals in Dubai this year.​

Read more at Dubai’s Jumeira Islands’ villa nets ‘record’ deal for Dh46 million | Gulf News​

New Asayel Avenue project valued at AED 400 Million launched by Dubai Investments (25th June)​

Dubai Investments has broken ground on Asayel Avenue, a new AED 400 Mn residential cluster within the AED 2.2 Bn Mirdif Hills master development. Developed by Dubai Investment Real Estate, the project will feature 193 spacious one-, two-, and three-bedroom apartments with premium finishes and smart living technologies. Asayel Avenue builds on the success of previous phases: Janayen, Nasayem, and Al Multaqa Avenues, and reflects Dubai Investments’ commitment to creating high-quality, community-focused developments. Scheduled for handover by Q2 2027, the project aims to meet the growing demand for integrated urban living. The groundbreaking ceremony was attended by senior executives, consultants, and contractors.​

Read more at Dubai Investments starts work on new Mirdif Hills residential cluster | Zawya​

Alta View by Object 1 brings elevated living to the heart of Jumeirah Village Circle (25th June)​

Object 1 has launched Alta View, a 54-storey residential tower in District 10 of Jumeirah Village Circle (JVC), set for completion in Q4 2028. Offering studio, one-, and two-bedroom apartments with expansive terraces, the development features resort-style amenities and panoramic views. Designed for modern living, Alta View emphasizes natural light, ergonomic layouts, and high-quality finishes, blending comfort with elegance. As one of JVC’s tallest towers, it reflects eco-conscious design and a focus on lifestyle-driven spaces. With proximity to major roads, schools, and malls, Alta View offers residents a blend of connectivity, sophistication, and serenity in one of Dubai’s top communities.​

Read more at Object 1 launches 54-storey residential tower in JVC | Zawya​

Damac, Sobha, MAG lead UAE’s foray into U.S. Real Estate sector (25th June)​

Major UAE developers are targeting the US$ 110.83 Tn United States real estate market following record growth at home, where UAE property transactions exceeded AED 893 Bn last year. Americans rank among the top investors in UAE real estate, attracted by 7–9% rental yields and tax advantages. The UAE is also the United State’s largest export partner in the MENA region, with exports reaching US$ 24.8 Bn in 2023. Abu Dhabi’s Mubadala and developers like Damac, MAG, Dar Global, and Sobha Realty are expanding into United States sectors such as luxury homes, offices, and data centers, reflecting growing cross-border investment between the two markets.​

Read more at Major UAE developers plan investment in US real estate | Zawya ​

Taraf’s ultra-luxury Karl Lagerfeld villas set for 2027 completion (25th June)​

Taraf, a UAE-based developer under Yas Holding, has appointed Pinnacle International Piling Foundations as the enabling contractor for its Karl Lagerfeld Villas in Meydan, MBR City, Dubai. Scheduled for completion in 2027, the exclusive project features 51 ultra-luxury five- to seven-bedroom villas with bespoke interiors, private gardens, and exclusive clubhouse access, offering views of the Crystal Lagoon and Downtown Dubai. Taraf CEO Mohamed Eldahan highlighted the project’s aim to redefine luxury living, inspired by Karl Lagerfeld’s creative legacy. ​

Read more at Taraf awards enabling works contract for Dubai villa project | Zawya​

Gianfranco Ferré Residences sets new standard for coastal luxury in UAE (25th June)​

Mira Developments, in collaboration with Gianfranco Ferré Home, has unveiled the Gianfranco Ferré Residences, an exclusive waterfront development located at the tip of Al Marjan Island, Ras Al Khaimah. Surrounded by the Arabian Gulf on three sides, this architectural masterpiece offers fully furnished, ready-to-move-in homes with breathtaking sea views from almost every angle. Each home is thoughtfully curated with elegant furnishings from Gianfranco Ferré Home’s latest collection, crafted in Italy using premium materials and calming color palettes, ensuring both style and comfort. The residences boast hotel-inspired amenities such as concierge services, valet parking, in-room dining, and professional cleaning, creating an atmosphere of effortless luxury. Residents also enjoy easy access to a range of water sports. Set in one of the UAE’s fastest-growing coastal destinations, home to the Middle East’s first casino, Gianfranco Ferré Residences offers an unparalleled blend of sophisticated design, serene living, and strong investment potential in Al Marjan Island’s vibrant community.​

Read more at Gianfranco Ferré Residences: Waterfront elegance with Milanese soul | Khaleej Times​

DLD boosts Emiratizations with Real Estate broker programme growth (29th June)​

The Dubai Land Department (DLD) has expanded its Dubai Real Estate Broker Programme to encourage greater Emirati participation in the real estate sector, having already exceeded 180% of its annual qualification target. Since its launch, Emirati brokers in the programme have completed transactions worth over AED 500 Mn, while 231 new brokerage companies have been licensed, marking a significant step in the sector’s Emiratization efforts. The programme offers specialized training in collaboration with accredited academic institutions, culminating in a three-year ‘National Broker’ license that allows Emiratis to operate professionally within Dubai’s real estate market. This initiative supports the broader Dubai Social Agenda 2033 by integrating national talent into a key economic sector. DLD is inviting real estate developers and brokerage firms that have not yet partnered with the programme to collaborate, aiming to create a robust ecosystem for training and employment. To further boost Emirati employment, DLD plans to introduce a points-based incentive system for brokerage firms hiring UAE nationals. The programme also seeks to allocate a share of real estate projects to participants and assist in placing them within active brokerage firms, enhancing career opportunities for Emiratis in the industry.​

Read more at Dubai ramps up Emirati broker training as property transactions top Dh500m | Gulf News​​​