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Saba Properties unveils luxurious Marriott Residences Jumeirah Lakes Towers

Saba Properties unveils luxurious Marriott Residences Jumeirah Lakes Towers

Gulf News30-04-2025

Dubai's reputation as a global hub for luxury living took another step forward this week, as Saba Properties unveiled the Marriott Residences Jumeirah Lakes Towers. The launch event, organised by Evolutions at the Ritz-Carlton DIFC, drew a crowd of more than 1,000 investors, brokers, and real estate professionals, underscoring the growing global appetite for branded residences in the city.
The evening offered an immersive preview of the project, with attendees exploring detailed architectural renderings, elegant interior designs, and a curated showcase of the amenities that will define life at Marriott Residences JLT. With Dubai increasingly at the forefront of global real estate innovation, the launch reflected broader trends towards branded, service-oriented living.
Designed to set a new standard for premium residential developments, the project comprises 534 apartments spanning one- to three-bedroom configurations. Built across three basement levels, a ground floor, four podiums, and 45 residential storeys, the tower culminates in a rooftop sanctuary offering panoramic views across Dubai's skyline. The development also includes 19,500 square feet of retail space, further blending convenience with luxury.
Amenities are central to the project's appeal. Residents will have access to an open-to-sky gym, an infinity pool, dedicated children's play areas, tranquil yoga studios, treatment rooms, and a 24th-floor entertainment hub complete with a games room, theatre, and communal lounge. All facilities will be operated under Marriott's signature hospitality standards, promising a lifestyle that marries private living with five-star service.
'Marriott Residences Jumeirah Lakes Towers redefines premium living in Dubai,' said Behrouz Javaheri, Chairman of Saba Properties, emphasising the significance of the launch for Dubai's evolving residential sector. 'This project is not just about architecture or location — it's about creating an experience where luxury and lifestyle meet seamlessly.'
Branded residences, once a niche offering, are fast becoming a defining trend in global real estate, particularly in markets such as Dubai, Miami, and London. Marriott Residences JLT joins a growing roster of developments catering to affluent buyers seeking not just a home, but a globally recognised standard of living.

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Saba Properties unveils luxurious Marriott Residences Jumeirah Lakes Towers
Saba Properties unveils luxurious Marriott Residences Jumeirah Lakes Towers

Gulf News

time30-04-2025

  • Gulf News

Saba Properties unveils luxurious Marriott Residences Jumeirah Lakes Towers

Dubai's reputation as a global hub for luxury living took another step forward this week, as Saba Properties unveiled the Marriott Residences Jumeirah Lakes Towers. The launch event, organised by Evolutions at the Ritz-Carlton DIFC, drew a crowd of more than 1,000 investors, brokers, and real estate professionals, underscoring the growing global appetite for branded residences in the city. The evening offered an immersive preview of the project, with attendees exploring detailed architectural renderings, elegant interior designs, and a curated showcase of the amenities that will define life at Marriott Residences JLT. With Dubai increasingly at the forefront of global real estate innovation, the launch reflected broader trends towards branded, service-oriented living. Designed to set a new standard for premium residential developments, the project comprises 534 apartments spanning one- to three-bedroom configurations. Built across three basement levels, a ground floor, four podiums, and 45 residential storeys, the tower culminates in a rooftop sanctuary offering panoramic views across Dubai's skyline. The development also includes 19,500 square feet of retail space, further blending convenience with luxury. Amenities are central to the project's appeal. Residents will have access to an open-to-sky gym, an infinity pool, dedicated children's play areas, tranquil yoga studios, treatment rooms, and a 24th-floor entertainment hub complete with a games room, theatre, and communal lounge. All facilities will be operated under Marriott's signature hospitality standards, promising a lifestyle that marries private living with five-star service. 'Marriott Residences Jumeirah Lakes Towers redefines premium living in Dubai,' said Behrouz Javaheri, Chairman of Saba Properties, emphasising the significance of the launch for Dubai's evolving residential sector. 'This project is not just about architecture or location — it's about creating an experience where luxury and lifestyle meet seamlessly.' Branded residences, once a niche offering, are fast becoming a defining trend in global real estate, particularly in markets such as Dubai, Miami, and London. Marriott Residences JLT joins a growing roster of developments catering to affluent buyers seeking not just a home, but a globally recognised standard of living.

Saba Properties celebrates official launch of Marriott Residences JLT, Dubai in partnership with Evolutions
Saba Properties celebrates official launch of Marriott Residences JLT, Dubai in partnership with Evolutions

Zawya

time29-04-2025

  • Zawya

Saba Properties celebrates official launch of Marriott Residences JLT, Dubai in partnership with Evolutions

Dubai, UAE: Following its successful soft launch, Saba Properties, in collaboration with Evolutions, proudly announced the official grand launch of Marriott Residences Jumeirah Lakes Towers, Dubai. The launch took place on the 28th of April in Samaya Ballroom at The Ritz-Carlton, Dubai International Financial Centre, attracting an audience of over 2,000 investors and agents from across the UAE. The event featured a dynamic space that brought the Residences to life through captivating visuals and informative displays. Guests explored detailed renderings of the development's sleek exterior, elegant interiors, and thoughtful amenities, alongside comprehensive insights into the project's vision and offerings. More than a celebration, the launch underscored the rising global significance of branded residences, particularly in a city like Dubai, where innovation and premium living go hand in hand. Standing as a testament to exceptional architectural design, the Residences boast three basements, a ground floor, four podium levels, 45 premium residential floors, and a rooftop sanctuary with breathtaking panoramic views. The branded development features 534 carefully curated apartments, ranging from 1- to 3- bedrooms, in addition to over 19,500 sq ft of retail space, ensuring convenience and comfort are prioritized. Beyond the exquisite residences, everyday living is elevated with unparalleled amenities and the signature service of Marriott. Imagine starting your day with a workout in the open-to-sky gym or unwinding beside the horizon-stretching infinity pool. The Residences also feature a sophisticated leisure complex on the 5th floor, complete with dedicated children's play zones, a sunbed water feature, tranquil yoga rooms, and treatment suites. On the 24th floor, a curated world of entertainment awaits, from a games room and theatre to a communal lounge. Mr. Behrouz Javaheri, Chairman of Saba Properties, stated, 'Today marks a significant milestone as we officially launch Marriott Residences Jumeirah Lakes Towers, Dubai. This exceptional development embodies our unwavering commitment to redefining branded living in Dubai. We are immensely proud to deliver a residence that seamlessly blends exquisite design, an unparalleled array of amenities, innovative technology and a strategic location, offering our residents a truly elevated lifestyle experience.' Mr. Adham Younis, CEO of Evolutions, said, 'The launch of the Residences marks an exciting milestone for Evolutions. This project exhibits our ongoing commitment to delivering world-class residential experiences in prime locations. Our collaboration with Saba Properties has been rooted in a shared pursuit of excellence, and together, we've brought to life a development that seamlessly blends the prestige of the Marriott brand with the vibrant energy of JLT. We're proud to welcome this exceptional address into our portfolio.' As part of Marriott's ongoing commitment to delivering an exceptional residence ownership experience, Residents will enjoy exclusive benefits through the ONVIA Owner Recognition Platform, designed to elevate their global lifestyle, including elevated Marriott Bonvoy Status, preferred hotel access, exclusive lifestyle partnerships, preferred access to the Ritz-Carlton Yacht Collection, curated epicurean and wellness experiences, exclusive retail and concierge services, and locally inspired cultural and artistic engagement. About Saba Properties Saba Properties is a leading real estate developer in Dubai, known for its commitment to excellence and innovation in the development of luxury residential and commercial properties. With a focus on delivering exceptional quality and value, Saba Properties is dedicated to shaping the skyline of Dubai with iconic developments that redefine the standards of modern living. Saba Properties has already completed three high-rise towers in Dubai's Jumeirah Lakes Tower (JLT) district, further solidifying its reputation as a trusted developer in the region. About Evolutions Evolutions is the first-of-its-kind real estate intelligence hub in Dubai that combines a concept store of exclusive developments, a 360-degree consultancy that specializes in the entire real estate lifecycle, and a global network of industry experts to facilitate connections with major industry players. The company serves as a bridge connecting all stakeholders, including developers, investors, brokers, and end-users. It actively supports the interests of every stakeholder, working towards creating, developing, and delivering valuable assets.

Dubai office market to expand by 415,000 square metres through 2026: Report
Dubai office market to expand by 415,000 square metres through 2026: Report

Arabian Business

time23-04-2025

  • Arabian Business

Dubai office market to expand by 415,000 square metres through 2026: Report

Dubai's office space inventory will expand by 415,000 square metres by the end of 2026, with most new developments falling into the A-grade category, according to research from Cavendish Maxwell. The property consultant reports that 185,000 square metres will enter the market this year, followed by 230,000 square metres in 2026. This expansion will increase Dubai's total office space inventory to 9.7 million square metres from the current 6.26 million. Dubai office deals soar The research comes as Dubai's office market recorded 3,150 sales valued at AED6.8 billion in 2024, representing a 36 per cent increase in values and a 7.1 per cent rise in transactions. Business Bay dominated office sales, accounting for 46 per cent of all transactions. Vidhi Shah, Partner and Head of Commercial Valuation, Cavendish Maxwell, said: 'Dubai's office market continues to perform strongly, supported by sustained corporate expansion and increased levels of foreign investment. The city's stable macroeconomic environment, coupled with pro-business legislation, continues to attract both multinational occupiers and a growing base of start-ups and SMEs. This has translated into heightened competition for well-located, prime office space.' The 2024 figures mark four consecutive years of growth since the pandemic, with sales values increasing fivefold from AED1 billion in 2020 to AED6.8 billion last year. Ready offices constituted 92 per cent of transactions, though off-plan sales increased compared to 2023. The market saw 2,900 ready office sales and 250 off-plan transactions in 2024, representing year-on-year increases of 5 per cent and 37 per cent respectively. Rental prices surge sharply Both sales and rental prices rose by nearly 25 per cent last year. Sales prices reached approximately AED1,550 per square foot, while rental rates climbed to approximately AED145 per square foot. Cavendish Maxwell attributes the rental price surge to high occupancy levels, which create market conditions favouring landlords. Business Bay led ready office sales with 1,343 transactions, followed by Jumeirah Lakes Towers (920), Dubai Silicon Oasis (200), Barsha Heights (148) and Motor City (68). For off-plan sales, Jumeirah Village Circle topped the list with 91 transactions, followed by Dubai Maritime City (65), Culture Village (47), Dubai Silicon Oasis (20) and Jumeirah Lakes Towers (15). Rent increases varied across locations, with A-grade premises experiencing the largest year-on-year rises. Downtown Dubai saw rents increase by nearly 42 per cent, while DIFC rates climbed by more than 38 per cent. Barsha Heights recorded the highest increase for non-A-grade spaces at 43.5 per cent. Corporate demand driving growth The business services sector drove demand for new office space, accounting for 45 per cent of requirements. Finance and banking followed at 22 per cent, with technology and innovation companies (6 per cent), creative, media and design businesses (4 per cent), and real estate and property development firms (3 per cent) comprising smaller segments of demand. 'The market recorded significant growth in both sales and rental values over the past year. Looking ahead, as Dubai further enhances its infrastructure, expands free zone offerings, and rolls out additional business-friendly reforms, demand is expected to remain resilient. However, with a substantial volume of new supply due for delivery over the next 18–24 months, it will be important to track how this impacts vacancy levels, absorption rates, and overall market sentiment,' Shah concluded.

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