January 2024

Dubai real estate developer Binghatti, specializing in branded residences, acquires a $99 million plot in Business Bay. After acquiring a Business Bay plot for AED365m ($99m), Binghatti Properties has broadened its land portfolio. The strategically located plot in Business Bay is only a short distance from The Dubai Mall, Burj Khalifa, and the Dubai Water Canal. The company's ongoing project development...

Master developer Nakheel has pledged its support as a strategic sponsor for the 9th Dubai International Project Management Forum (DIPMF) in 2024. The event, themed "Beyond Boundaries," is scheduled to take place at Madinat Arena, Madinat Jumeirah, spanning from January 15 to January 18. DIPMF 2024 will focus on three key areas: sustainability, contemporary project management techniques, and emerging trends...

Cristiano Ronaldo, renowned for his opulent lifestyle, is expanding his real estate empire with a lavish acquisition in Dubai after joining Saudi football club Al Nassr. Securing a staggering $200 million-per-year deal with the Riyadh-based team, the 38-year-old forward reportedly invested in a yet-to-be-constructed mansion on Jumeirah Bay Island, colloquially known as...

The disclosure of these two contracts contributes to a string of recent contract grants for the mega-development. DAMAC Properties, a developer based in the UAE, has recently granted two contracts as a component of the primary works package for its expansive project, DAMAC Hills 2. The disclosure of the two contracts, totaling AED300 million ($82 million) collectively, is part...