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Aldar Launches Athlon, Dubai's First Community Focused on 'Active Living'

Aldar Launches Athlon, Dubai’s First Community Focused on ‘Active Living’

Aldar Properties (Aldar) has introduced Athlon, a pioneering “active living” community in Dubai. This groundbreaking development redefines fitness-focused living by offering top-notch amenities and a dynamic schedule of wellness activities curated by experts to foster long-term well-being and a strong sense of community. Athlon is Aldar’s second major residential project in Dubai, following the success of Haven by Aldar, launched in late 2023. Developed in partnership with Dubai Holding, a global investment firm with assets in 31 countries, Athlon reflects the company’s commitment to expanding its presence in the Dubai real estate market. Read this also : Amali Launches 24-Villa Luxury Property on Dubai’s The World Islands Jonathan Emery, CEO of Aldar Development, stated, “The launch of Athlon signifies a key milestone in our ambitious expansion strategy in Dubai. With the growing demand for exceptional residential developments from both local and international investors, we believe Athlon’s innovative concept will attract a diverse group of investors and homeowners, setting a new benchmark for active living in the region.” The luxurious development is located next to Global Village in a highly sought-after area and features the seamless integration of interactive green spaces such as vibrant parks, green walkways, and athletic zones. These spaces offer activities tailored to all age groups and interests. Read this also : Jubail Island Begins Handover of First Luxury Residential Units Athlon, derived from the Greek term for “place of contest,” is a master-planned community centered around a captivating central park that serves as its hub. It includes seven clubhouses and four additional themed parks named Adventure, Play, Wellness, and Valley, each offering social and fitness opportunities. With over 10 kilometers of paths, trails, and loops—including a cycling loop that connects to Al Qudra’s famous track—residents can enjoy jogging, cycling, rollerblading, and functional training. Read this also : Ajman’s Real Estate Valuation Reaches $523 Million in Q1 2024 Athlon prioritizes holistic wellness, covering the emotional and psychological aspects of well-being through experiences that encourage movement, energy, clarity, flow, and balance. State-of-the-art facilities include a cutting-edge gym, a vibrant café, massage rooms, a calming sauna, a peaceful yoga room, and a creative kids’ playroom. The 1,492 residential units around the parks consist of three to four-bedroom townhouses, three to five-bedroom standard villas, and four to six-bedroom premium villas. The residences are designed to maximize natural light and incorporate materials and colors that enhance space and wellness. Read this also : Abu Dhabi Luxury Real Estate Experiences Price Surge Amid Global Investor Interest Athlon follows Aldar’s commitment to sustainability and achieving net-zero goals by focusing on low-carbon and efficient design principles. The development supports this strategy through the use of low-carbon, locally sourced materials and ethical, green building practices. The project has achieved LEED Platinum pre-certification due to features such as smart waste disposal systems, electric vehicle charging stations, and water- and energy-saving fixtures, as well as easy access to public transportation. Athlon has also received a 2-star rating from Fitwel for promoting health, well-being, and active lifestyles. Sales for the first phase of the development will begin on May 7, with prices starting at AED 2.8 million.

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Amali Launches 24-Villa Luxury Property on Dubai’s The World Islands

Amali Launches 24-Villa Luxury Property on Dubai’s The World Islands

Amali Properties, a boutique ultra-luxury real estate development firm in the UAE, has announced the debut of Amali Island, a collection of 24 upscale villas located on Dubai’s The World Islands. As Amali’s first master-planned community, the project represents the pinnacle of custom-built luxury, offering residents an exceptional blend of elegance, personalization, and stunning natural beauty. Read this also : Jubail Island Begins Handover of First Luxury Residential Units Nestled along the pristine shores of the Arabian Gulf, Amali Island features seven distinct architectural styles, allowing residents to create their ideal beachfront home with uninterrupted views of the sea, sky, and Palm Jumeirah. The 1.2 million-square-foot development bridges the São Paolo and Uruguay islands within The World Islands, providing each villa with up to 50 meters of private beachfront. Read this also :  Ajman’s Real Estate Valuation Reaches $523 Million in Q1 2024 Ali Sajwani, co-founder and CEO of Amali Properties, expressed his pride in the launch of Amali Island as a testament to their commitment to redefining luxury living in Dubai. Sajwani noted the focus on attention to detail and collaboration with award-winning atelier partners to create an exclusive haven where residents can indulge in unmatched waterfront luxury. Designed by esteemed architectural firm Elastic, the villas at Amali Island showcase two unique architectural styles—Minima and Grande—and two interior design options—Ultra and Terra—created by HBA Residential. These designs draw inspiration from the Ombu tree, embodying adaptability, resilience, and shelter. Read this also : Abu Dhabi Luxury Real Estate Experiences Price Surge Amid Global Investor Interest The villas offer sweeping views of the Dubai skyline, Palm Jumeirah, and Atlantis The Royal, as well as private berths with direct villa access, private beaches, and luxurious amenities such as rooftop terraces, outdoor firepits, teppanyaki bars, jacuzzis, and multiple pools. At the heart of the island is the crown jewel, Villa Avatea, an example of elegance and nature harmoniously combined. This private islet, connected to the main island, features stunning water channels and lush landscaping, creating an unparalleled haven of luxury and tranquility. Read this also : Mixed-Use Sharjah Project Handed Over to Alef with 819 Residences The island’s 10,000-square-foot Clubhouse is the hub of adventure, leisure, and recreation for residents. Equipped with top-tier fitness and spa facilities, a gourmet restaurant, swim-up bar, cigar lounge, saltwater and horizon pools, and yoga decks, the Clubhouse is exclusive to Amali Island residents. In addition to its resort-style amenities such as private berths, a floating helipad, a meticulously designed public area, and a floating padel court, Amali Island stands out as a truly unique living experience. Read this also : Dubai’s Real Estate Projects Launched Every 18 Hours in Q1 2024 Amira Sajwani, co-founder of Amali Properties, emphasized the project’s vision of harmonizing ultra-luxury living just minutes from mainland Dubai. Inspired by nature and boasting innovative design, Amali Island represents the future of exclusive living in the region.

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Jubail Island Begins Handover of First Luxury Residential Units

Jubail Island Begins Handover of First Luxury Residential Units

The AED15 billion ($4.1 billion) mega development on Jubail Island, known as Nad Al Dhabi village, has celebrated a major milestone with the handover of 44 luxury residential units. This achievement marks a significant step forward for the Jubail Island Investment Company (JIIC) in the Abu Dhabi real estate market. Read this also : Ajman’s Real Estate Valuation Reaches $523 Million in Q1 2024 Nad Al Dhabi is one of six villages on Jubail Island, offering carefully planned residential options and amenities for its residents. A community center and a mosque are set to be added to the village in the fourth quarter of this year. The community center will be equipped with a majlis, leisure pool, gym, fitness class room, multipurpose community space, indoor kid’s playroom, kid’s pool, playground, sports courts, and retail spaces to cater to the entire village’s needs. Read this also : Abu Dhabi Luxury Real Estate Experiences Price Surge Amid Global Investor Interest According to JIIC, this handover milestone is a testament to the island’s ongoing construction progress and LEAD Real Estate Developer’s commitment to delivering high-quality homes on schedule. LEAD Development will continue handing over units monthly as part of the project’s phased approach, ensuring efficiency and personalized service for homeowners during the move-in process. Read this also : One Za’abeel Launches Leasing for Premium Office Spaces in Dubai Engineer Abdulla Saeed Al Shamsi, JIIC’s Corporate Director, expressed excitement about reaching this significant milestone. “This marks our ongoing dedication to meeting targets and deadlines,” he noted. “Our team, along with consultants and contractors, has worked tirelessly to complete construction according to the highest quality standards. We believe the units will reflect our commitment to excellence and meet homeowners’ expectations,” Al Shamsi added. Al Shamsi expressed pride in contributing to Abu Dhabi’s urban development plan by demonstrating how innovative design leads to exceptional living conditions for island residents. Read this also : Mixed-Use Sharjah Project Handed Over to Alef with 819 Residences “Jubail Island redefines ultra-luxury living, enhancing Abu Dhabi’s real estate landscape. It stands as a prime choice for both living and investment, offering a gateway to an extraordinary lifestyle. All residential units on the island have already been sold due to their unique value proposition,” he said. Jubail Island offers a variety of options, including plots, mansions, villas, townhouses, and apartments, all nestled within the natural mangrove ecosystem. The project emphasizes eco-conscious design, with infrastructure constructed to protect the natural terrain. Environmental management systems are in place to preserve the natural elements of the island. Read this also : Dubai’s Real Estate Projects Launched Every 18 Hours in Q1 2024 LEAD Development successfully began transferring land plot title deeds to owners in Q1 2023, and many have already started constructing their waterfront homes. Additionally, the island’s infrastructure was completed in 2023. “The handover marks the start of an exciting new chapter for Jubail Island, especially with the recent launch of Bada Al Jubail, an exclusive waterfront enclave offering a limited number of prestigious mansions in Abu Dhabi,” Al Shamsi concluded.

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Ajman’s Real Estate Valuation Reaches $523 Million in Q1 2024

Ajman’s Real Estate Valuation Reaches $523 Million in Q1 2024

The Department of Land and Real Estate Regulation in Ajman, led by Director-General Omar bin Omair Al Muhairi, reported that 400 real estate valuation transactions amounting to over AED1.92 billion were completed in the first quarter of 2024. Read this also : Dubai Investments breaks ground on residential and hotel towers in RAK” is the headline or introductory statement of the content. Typically, the title is placed at the top of the article to provide a quick overview of the news story and capture the reader’s attention. Al Muhairi highlighted a substantial increase in personal valuation transactions, marking a 129% rise compared to the same period in 2023. The department also recorded 277 real estate valuation transactions worth AED 669 million for investor golden visas. Read this also : Abu Dhabi Luxury Real Estate Experiences Price Surge Amid Global Investor Interest He noted that Ajman’s real estate market continues to show strong growth, fueled by the emirate’s economic advantages, investor-friendly climate, diverse attractions, and incentives for entrepreneurs and investors. Commercial real estate valuation transactions saw a 10.34% increase, exceeding AED1.4 billion. Residential real estate transactions totaled AED317.5 million, while industrial real estate transactions reached AED164 million, placing them third in value. Read this also : One Za’abeel Launches Leasing for Premium Office Spaces in Dubai

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Dubai Investments breaks ground on residential and hotel towers in RAK" is the headline or introductory statement of the content. Typically, the title is placed at the top of the article to provide a quick overview of the news story and capture the reader's attention.

Dubai Investments breaks ground on residential and hotel towers in RAK” is the headline or introductory statement of the content. Typically, the title is placed at the top of the article to provide a quick overview of the news story and capture the reader’s attention.

Dubai Investments has launched construction on a new residential and hotel tower project in Ras Al Khaimah, located in the northern emirate. The expansive project spans 90,000 square meters and features 40,000 square meters of beachfront, including 189 villas. Situated on Al Marjan Island, the development is known as Danah Bay and involves an investment of AED 1 billion ($272 million). This includes the construction of the 4-star Grand Millennium Resort and the Danah Bay Residential Tower. Read this also : Abu Dhabi Luxury Real Estate Experiences Price Surge Amid Global Investor Interest The 89-meter-tall Danah Bay Residential Tower will house 143 units, including luxury penthouses and apartments ranging from one to four bedrooms. The tower boasts a distinct wavy, glazed façade and breathtaking sea views, offering residents direct beach access and proximity to the exclusive Grand Millennium resort. The 4-star Grand Millennium resort features 300 rooms and is poised to revolutionize the hospitality industry with its array of amenities, including dining establishments, meeting spaces, a private beach club, a pristine beach, a spa, and state-of-the-art fitness centers. Read this also : One Za’abeel Launches Leasing for Premium Office Spaces in Dubai Obaid Salami, General Manager of Dubai Investment Real Estate, the project developer and real estate arm of Dubai Investments, stated, “We have begun the enabling works for the residential and hotel tower at Danah Bay, Al Marjan Island. This groundbreaking ceremony signifies the formal commencement of construction activities on-site.” “Breaking ground on the Danah Bay residential tower and the hotel represents a new chapter in urban development,” Salami added. He noted that the project aligns with Dubai Investments’ vision for Ras Al Khaimah as a future hub for living, leisure, and exploration. Read this also : Mixed-Use Sharjah Project Handed Over to Alef with 819 Residences Salami emphasized the emirate’s potential, citing Danah Bay on Al Marjan Island as a catalyst for transforming the area into a sought-after beach destination and community. Construction on Danah Bay began in 2023 and quickly became known as a luxury lifestyle destination, attracting both local and international investors. Phase I of the project includes three-bedroom, three-plus-bedroom, and four-bedroom villas, and is set for completion in the first quarter of 2025. Phase II, featuring two-bedroom townhouses and villas with four, five, and more bedrooms, is expected to be finished by the second quarter of 2025. Read this also : Dubai’s Real Estate Projects Launched Every 18 Hours in Q1 2024 Phase III, which includes the residential and hotel towers, will further enhance Danah Bay’s reputation as a premier Ras Al Khaimah destination, according to the developer. Salami remarked that Danah Bay has become a symbol of luxury living, attracting discerning buyers with its promise of unparalleled coastal experiences. He also noted the strong sales generated by the tower even before construction completion, reflecting the market’s confidence in the Dubai Investments brand. The residential tower and hotel are slated for completion by the third quarter of 2026 and 2027, respectively, with construction progress at Danah Bay remaining on track.

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Abu Dhabi Luxury Real Estate Experiences Price Surge Amid Global Investor Interest

Abu Dhabi Luxury Real Estate Experiences Price Surge Amid Global Investor Interest

The real estate market in Abu Dhabi has experienced significant growth in the first quarter of 2024, driven by strong interest from foreign investors and rising sales prices, especially in high-end neighborhoods. Data from Bayut, a leading UAE real estate portal, indicates an increase of up to 6% in luxury apartment and villa sales prices in sought-after areas. On Saadiyat Island, luxury villas appreciated by 5.53%, while high-end apartments saw a 3.64% increase. Read this also : One Za’abeel Launches Leasing for Premium Office Spaces in Dubai Bayut stated that the data points to a steady upward trajectory in Abu Dhabi’s real estate market, with growth in property prices, transaction volume, and total transaction value. These trends are expected to continue, affirming Abu Dhabi’s status as an appealing destination for real estate investments. Price per square foot for more affordable villas and apartments experienced slight declines of up to 4.0%, while Al Ghadeer observed price increases of 6.02% for apartments and 5.19% for more budget-friendly villas in the first quarter. Read this also : Mixed-Use Sharjah Project Handed Over to Alef with 819 Residences The neighborhoods of Al Reef and Al Ghadeer have become top choices for those seeking affordable apartments. Luxury apartment purchases in Q1 2024 were concentrated in Al Raha Beach and Al Reem Island. In the villa market, budget buyers focused on Al Reef and Khalifa City, while luxury villa investments were concentrated in Yas Island and Saadiyat Island. According to DARI, Abu Dhabi’s digital real estate ecosystem, over 4,674 residential property sales transactions valued at more than AED 9.6 billion took place in Q1 2024. This reflects the market’s strong performance and investors’ confidence in Abu Dhabi’s real estate sector, comprising 1,167 ready properties and 1,752 off-plan units. Read this also : Dubai’s Real Estate Projects Launched Every 18 Hours in Q1 2024 Haider Ali Khan, CEO of Bayut and Dubizzle Group Mena, noted that Abu Dhabi’s real estate market carried forward its momentum from a strong 2023 into the first quarter of 2024. He highlighted the increasing confidence among local and international high-net-worth individuals in Abu Dhabi’s real estate opportunities and investment prospects. Al Reef’s affordable apartments offer an estimated 8.30% return on investment (ROI), while Al Reem Island’s luxury apartments deliver a strong 6.9% projected rental yield. Yas Island provided the highest ROI of 6.91% for luxury villas, while Al Ghadeer offered a 7.65% ROI for affordable homes. Read this also : Get Your Car Damage Certificate Online After Heavy Rains in Ajman In Abu Dhabi, Royal Park and Bloom Living emerged as prime choices for affordable off-plan apartments. Luxury property buyers were drawn to island community projects such as Saadiyat Cultural District and Yas Beach Residences. Search trends also revealed that Fay Al Reeman 2 is a favored option for budget-friendly off-plan purchases, while Yas Acres and Murjan Al Saadiyat’s opulent off-plan villas attracted significant buyer interest. Mohammed Bin Zayed City and Khalifa City were top choices for affordable villa rentals, while Khalifa City and Al Khalidiyah were popular for budget-friendly apartments. For upscale villas, Al Raha Gardens and Yas Island were the most sought-after locations, while Al Reem Island and Al Raha Beach were the top choices for luxury apartments. Read this also : Waldorf Astoria Residences Dubai Downtown: The First Standalone Residence Outside the United States Rental rates for luxury apartments rose by up to 9.0% in affluent neighborhoods, particularly on Saadiyat Island and Al Raha Beach. Budget apartment rental prices increased by around 7.0% in areas such as Al Muroor and Al Khalidiyah. Rental prices for budget-friendly villas increased moderately by up to 5.0%. The Madinat Al Riyadh neighborhood saw a 12.9% rent increase, reflecting higher demand and landlords listing properties at higher prices. Al Bateen experienced an 8.15% increase in luxury home prices, further highlighting high demand in the luxury home market.

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One Za'abeel Launches Leasing for Premium Office Spaces in Dubai

One Za’abeel Launches Leasing for Premium Office Spaces in Dubai

Blue-chip tenants seeking ultra-premium office spaces in Dubai can now lease at One Za’abeel’s twin-tower development for terms of five or six years. This prestigious office building stands out among recent developments in Dubai, including Uptown Tower and ICD Brookfield in DIFC. One Za’abeel developer, Ithara, a division of the Investment Corporation of Dubai, will also offer shorter office leases of one or two years. Henry Mathews, Leasing Director at One Za’abeel, explains that longer leases are available on a shell-and-core basis, while shorter leases come with fully customized fit-outs and tenant-specific designs. Read this also : Mixed-Use Sharjah Project Handed Over to Alef with 819 Residences Marketed as the “gateway to Dubai’s Central Business District,” One Za’abeel offers the premium experience across 300,000 square feet of Gross Leasable Area (GLA). The rising demand for Grade A office spaces has benefitted developments like ICD Brookfield, and interest in leasing Uptown Tower continues to surge. Mathews highlights the One&Only experience at One Za’abeel, where office spaces span from the 5th to the 21st floor, offering 300,000 square feet of workspace. Alongside the offices, the development boasts luxurious apartments, hotels, retail outlets, and dining options, fostering a “city within a city” concept. Read this also : Dubai’s Real Estate Projects Launched Every 18 Hours in Q1 2024 Tenants at One Za’abeel benefit from dual licensing options, accommodating both DWTC free zone and mainland operations. This flexibility, combined with the potential for businesses to use credentials from both licensing options, opens the doors for virtual asset companies to thrive under the DWTC Authority. Leasing is jointly managed by CBRE and JLL. While Mathews refrains from disclosing specific lease rates, top-tier office spaces in DIFC and on Shaikh Zayed Road typically lease for between AED 250 and AED 350 per square foot. Read this also : Waldorf Astoria Residences Dubai Downtown: The First Standalone Residence Outside the United States Mathews notes strong interest from multinational corporations for longer leases, aiming to curate a diverse tenant mix at One Za’abeel, ultimately creating a complete ecosystem within the development.

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