UAE-based ACUBE, a construction-to-energy group, is entering Dubai's real estate market with an ambitious investment plan of over $100 million for residential projects over the next three years. The company aims to differentiate itself by emphasizing sustainability and innovation, with a dedicated R&D team working on energy-efficient and waste management technologies, including innovative solar power solutions for building facades. ACUBE already has a presence in the real estate sector with projects in London and Chennai. The company also operates ACUBE Vacation Homes, which rents luxury villas and apartments in prime Dubai locations. ACUBE plans to accelerate its land acquisition efforts in Dubai and target one million square feet of Gross Floor Area (GFA) by 2025.
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Dubai-based developer Emaar Properties is in discussions with Saudi Arabia's housing ministry to create mixed-use developments in the kingdom. Emaar's founder, Mohammed Alabbar, highlighted the potential project's size, indicating it could involve a substantial 4,000-unit housing development.
Dubai's real estate sector witnessed a significant sales increase during the summer season, with AED 102 billion ($27.8 billion) in sales, according to data from W Capital. The summer sales figure represents a 50% increase compared to the same period...
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