Real Estate

Dragon Towers, a new twin-building residential complex, is expected to take shape in Dubai, following a contract award at the year-end.

Construction of the three residential towers at Al Habtoor City in Dubai, UAE, is on track with more than 70 per cent of the project completed, according to the developer Al Habtoor Group. The three luxurious residential towers – Noora, Amna and Meera – form part of the Residence Collection of the development.

Real estate transactions in Dubai, UAE, during the first half (H1) of the year reached a value of Dh132 billion ($35.93 billion), achieved through 35,571 sales, mortgages and other transactions, according to figures released by Dubai Land Department (DLD).

Leading property developer Emaar has launched an exclusive collection of elegantly designed villas located along an 18-hole championship golf course in Dubai South. The new Golf Links neighbourhood is the first-of-its-kind villa community in Emaar South, says the developer.

Damac Properties has launched its Golf Vita Residential Towers apartments at Damac Hills in Dubai, that offer panoramic golf course views for each unit.

Tecom to develop Business Park Tecom Group, a member of Dubai Holding, has been appointed to develop and operate the recently announced Emirates Towers Business Park in Dubai, UAE. In accordance, the group has appointed Fareed Abdulrahman Al Janahi as chief executive officer of the development.