Browsing: luxury homes

DAMAC Properties has joined forces with Abu Dhabi Islamic Bank PJSC (ADIB) to launch a home financing solution that allows UAE residents to obtain financing for off-plan properties once construction reaches 35% completion. This makes DAMAC the first developer to introduce such an option, enhancing accessibility and convenience for prospective homeowners.

Dubai-based developer Sobha Realty is set to launch several new projects in the UAE this year, capitalising on the country’s property boom. The company’s founder has confirmed plans to introduce between eight and ten new ventures, collectively worth several billion dirhams. These developments come as the UAE real estate market shows significant resilience and growth, despite global economic pressures.

Sharjah-based real estate developer Alef Group has announced the launch of Samr 1, a new neighbourhood within the Hayyan development, following the successful sale of 90 per cent of units in the Arim and Alma neighbourhoods.