May 2024

Family offices new target for high-value property investments

The growing trend is causing an increase in the establishment of foundations and entities linked to prominent family businesses and individuals at the Dubai International Financial Centre. Family offices are rapidly becoming the central hubs for attracting and directing high-value investments in Dubai’s real estate sector, offering customized solutions aligned with the unique goals and values of the...

One Za’abeel joins Dubai World Trade Centre Authority Free Zone

Companies located in One Za’abeel will now benefit from 100 percent foreign ownership and zero corporate tax. One Za’abeel, a prominent mixed-use development in Dubai’s Central Business District, has been integrated into the Dubai World Trade Centre Authority (DWTCA) Free Zone. This integration was formalized through Decree No. 18 of 2024, issued by Sheikh Mohammed bin Rashid Al Maktoum, UAE...

Emaar founder Mohamed Alabbar announces plans for The Music, Colour, and Fire Plaza at Dubai Square in Dubai Creek Harbour

Emaar is currently in talks with a leading Chinese technology company, famous for their skill in developing iconic multimedia installations, to collaborate on the project. Emaar Properties has announced plans for a cutting-edge Music, Colour, and Fire Plaza at Dubai Square in Dubai Creek Harbour. Situated close to Dubai Creek Tower, the plaza will showcase a combination of fire, vibrant color...

Danube Properties hands over project ahead of schedule

Private real estate developer Danube Properties has announced the early handover of its Pearlz project, completed six months ahead of schedule. The project encompasses a built-up area of 480,179 square feet and includes 300 units comprising studios, as well as one-, two-, and three-bedroom apartments, along with retail outlets. Marwan bin Ghalita, the director-general of Dubai Land Department,...

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