Betterhomes, DHB Holding launch Opula residential development in Abu Dhabi's Yas Bay
Betterhomes, in partnership with DHB Holding, has announced the launch of Opula, a new residential development in Yas Bay, Abu Dhabi.
The project arrives as the emirate's property market exhibits strong performance with transactions increasing by 24.2 per cent in 2024.
The Opula development will feature a range of units, including one to four-bedroom simplexes, duplexes, penthouses, and townhouses. The property offers sea views and access to Yas Bay's waterfront promenade.
Abu Dhabi's Yas Bay welcomes new Opula development as property market grows 24%
' Abu Dhabi's real estate market continues to prove its resilience and upward trajectory. Based on what I've seen, developments like Opula offer a rare combination of long-term stability and high growth potential. Investor appetite is strong and growing, and those who invest now are well positioned to capitalise on this momentum,' Wassim Abdallah, Director of Development Sales and Consultancy at Betterhomes said.
The development includes facilities such as an infinity pool and fitness centre, which the developers suggest will help attract high-value tenants and potentially increase rental yields.
According to market data, Abu Dhabi's real estate sector recorded AED 96.2 billion across 28,249 transactions in 2024, representing a 24.2 per cent increase compared to the previous year.
Foreign direct investment in the sector reached AED 7.86 billion, marking a 125 per cent increase, with contributions from 2,302 investors representing 105 countries.
While specific transaction figures for Yas Bay are not separately disclosed, the area falls within the broader Yas Island district, which has demonstrated growth in line with Abu Dhabi's overall market performance.
DHB Holding states that its commitment to construction quality will ensure lasting value for the Opula development and potentially lead to lower vacancy rates for investors.
The project is being positioned as an investment opportunity that aligns with Abu Dhabi's continuing property market growth and development strategy.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Khaleej Times
an hour ago
- Khaleej Times
UAE sets new Emiratisation goal: 50%-60% quota for insurance sector by 2030
A new Emiratisation strategy for the years 2027–2030 targets Emiratisation rates of 50 per cent to 60 per cent at insurance companies, depending on company size. It also mandates the employment of at least one Emirati annually in occupations with two to 19 employees, as well as a 30 per cent localisation rate in occupations with 20 or more employees, 45 per cent in critical roles, and 30 per cent in direct leadership positions such as CEOs or general managers. The announcement by UAE Minister of State for Financial Affairs Mohamed Al Husaini was made during the Federal National Council (FNC) session on Wednesday, in response to a question raised by FNC member Adnan Al Hammadi on the role of the Central Bank in enforcing Emiratisation compliance in the insurance sector. The minister confirmed a noticeable improvement in Emiratisation within the insurance sector. As of June 1, 2025, Emiratis comprised 2,159 out of a total of 9,773 employees, representing 22.09 per cent. This marks an increase from 13.34 per cent in 2022 and 21.64 per cent in 2024. "The 2022–2026 strategy aims to raise the localisation rate to 30 per cent by 2026, with an annual increase of around 3 per cent,' said the minister in a statement. To ensure compliance and prevent fraudulent Emiratisation practices, the Central Bank established a dedicated Supervision and Inspection Unit. The unit is authorised to impose fines of Dh60,000 against companies found missing Emirati employees, calculated at Dh20,000 per point. The statement also highlighted the Central Bank's investments in human capital development. A total of 6,138 Emiratis have participated in advanced professional training programmes in collaboration with prestigious international educational institutions. These programmes covered areas such as accounting, finance, auditing, anti-money laundering, artificial intelligence, and data science. In 2023, a memorandum of understanding was signed between the Ministry of Presidential Affairs and the Emirates Institute of Finance to offer 100 annual scholarships in actuarial science. So far, nine Emiratis have been selected to pursue their studies in the United States and Australia under this initiative. Further collaborations are underway with national and international universities, he added, including the Higher Colleges of Technology, Zayed University, and the American University in Dubai, to launch a bachelor's degree programme in actuarial science. Scheduled to begin in September 2025, the programme will be supported by insurance companies to cover tuition fees for 25 to 30 students each year.
Broadcast Pro
an hour ago
- Broadcast Pro
Khazna partners with Nvidia to build AI factories across MEA
With plans to scale up to 1GW of capacity across several countries, including Saudi Arabia, Egypt and Türkiye, this collaboration positions Khazna as a major enabler of the region's AI ambitions. Khazna Data Centres (Khazna), a global leader in hyperscale digital infrastructure, has announced a major collaboration with Nvidia to develop advanced AI factories across the Middle East and Africa (MEA) region. The partnership reflects the growing demand for robust AI infrastructure and positions the UAE—and the wider region—as a rising global hub for AI innovation. The announcement comes in the wake of US President Donald Trump's high-profile visit to the UAE and the unveiling of a planned 5-gigawatt UAE-US AI campus. The collaboration between Khazna and NVIDIA marks another step in strengthening regional ties with US tech leaders and underscores the shared ambition to shape the future of artificial intelligence and digital transformation. As part of this alliance, Nvidia has certified the architectural design of Khazna's next-generation data centres to support its cutting-edge Blackwell platform. All of Khazna's current and upcoming infrastructure projects will now incorporate Nvidia-ready blueprints by default, ensuring full compatibility with the latest GPU-accelerated computing demands. Khazna plans to design the majority of its future data halls with capacities reaching up to 50 megawatts and will develop individual AI clusters as large as 250 megawatts. Many of these high-capacity facilities will be part of the anticipated UAE-US AI campus, placing the UAE at the forefront of global AI infrastructure development. In addition to its ambitions within the UAE, Khazna is rapidly expanding its footprint across key markets in the Middle East, Africa and Europe. The company aims to scale up to 1 gigawatt of total capacity, with ongoing developments in countries including France, Italy, Saudi Arabia, Egypt, Türkiye and Kenya. Commenting on the partnership, Hassan Alnaqbi, CEO of Khazna Data Centers, said: 'The world is entering a new era of AI-driven innovation, and the UAE is uniquely positioned to lead. Our work with Nvidia represents a bold step forward in delivering high-performance, future-ready infrastructure at unprecedented scale. It reinforces our support for the UAE's ambitions to become a global AI leader.'
Zawya
an hour ago
- Zawya
Operate your open market, restaurant or coffee shop at Global Village Season 30
Dubai, UAE – Global Village, the region's premier multicultural family destination for culture, shopping, and entertainment, is inviting interested individuals to submit their proposals for the 'Restaurant and Coffee Shops' category as well as the 'Open Market' category for its upcoming milestone Season 30. The categories offer an exciting avenue for entrepreneurs to bring their innovative culinary and open market concepts to life at key locations across the destination, such as at the diverse Road of Asia and the famous Indian Chaat Bazaar. The opportunity is also available for those interested in submitting proposals for a new open market concept. Season after season, restaurant and retail partners have witnessed impressive success with the support and stability offered by Global Village. Season 29 welcomed a 10.5 million guests record and brought together over 3,500 shopping outlets and over 250 dining options along with more than 75 new partners. Global Village also supported the launch of 80 new concepts across the different business categories. Global Village's commitment to providing a welcoming environment, paired with its dedication to showcasing the world's vibrant cultures, makes it an ideal platform for businesses to thrive and create lasting connections. Prospective partners can register now through: -Ends- Visit Global Village's website and social media channels for the latest updates: Instagram: @GlobalVillageUAE X: @GlobalVillageAE Facebook: @GlobalVillageAE Snapchat: @GlobalVillageME TikTok: @GlobalVillageAE For media inquiries, please contact: Current Global - teamglobalvillage@ About Global Village: Global Village is the region's premier multicultural family destination for entertainment, dining, shopping and attractions. The destination boasts a growing popularity and a profound connection with the guests, solidifying its position as the region's number one (#1) entertainment and cultural hub. Since opening its gates in 1997, Global Village has welcomed over 100 million guests, with Season 29 achieving a new proven record of a crowd footfall of 10.5 million. Season 29 hosted 30 pavilions representing over 90 cultures, with more than 3,500 shopping outlets and over 250 dining options. The park was home to 400+ world-class performers featured in 40,000 shows. Guests enjoyed over 200 rides and games at Carnaval, making Global Village home to the largest and most diverse range of events, shows, shopping and dining experiences. Information on Season 30 will be announced soon.
