Dubai approves AED 20bn urban plan to lift property values across 48 centres
Dubai has approved an Urban Centres Development Plan covering six main urban centres and 42 sub-centres, together representing 12% of the emirate’s urban area.
Dubai has approved an Urban Centres Development Plan covering six main urban centres and 42 sub-centres, together representing 12% of the emirate’s urban area.
Dubai developer Deyaar Development reported a 27% rise in profit before tax to AED 541.5 million for the first nine months of 2026, up from AED 425.7 million a year earlier.
Sharjah’s largest real estate developer, Arada Developments, has set a maximum acceptance amount of USD 180 million (AED 661 million) for its tender offer to buy back existing certificates for cash.
Dubai’s real estate investment value reached more than AED 680 billion in 2025, more than four and a half times the AED 148 billion recorded in 2021, according to a study by brokerage W Capital Real Estate based on Dubai Land Department data.
Abu Dhabi-based Aldar Properties has agreed to acquire nine residential buildings in Arada’s Aljada master development for AED 1.1 billion, its first real estate investment in Sharjah.
Sharjah’s real estate market recorded AED 46.8 billion in transactions during the first nine months of 2026, a 5.6% increase on the AED 44.3 billion posted over the same period last year, according to data from the Sharjah Real Estate Registration Department.
Dubai remains the world's largest branded residences market, with 175 schemes, according to Knight Frank's The Residence Report 2026-27.
Aldar and Arada have signed a strategic partnership worth approximately AED 15 billion covering development opportunities on Yas Island and at Seih Sdeirah, marking Sharjah-based Arada's first entry into the Abu Dhabi market.
Dubai's real estate sector delivered 104 completed projects in the first half of 2026, with a combined investment value above AED 111 billion and 24,537 new units added to the market.
Cosmo Developments, a joint venture between Abu Dhabi's Flag Holding Group and Reportage Group, has launched THE WADI, a mixed-use residential project on Yas Island carrying an estimated investment of AED 6 billion.
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