logo
Olive Tree Development to complete the first phase of the Administrative Capital projects

Olive Tree Development to complete the first phase of the Administrative Capital projects

Zawya05-02-2025

As part of Olive Tree Development's orientations to expand in the real estate market and with an ambitious plan during the coming period, and with more than 30 years of experience in the field of real estate development, Olive Tree announces the achievement of many of its prominent achievements in implementing various projects in the New Administrative Capital, as the company is currently working on 3 major projects, the first phases of which are about to be completed and the units delivered to its customers, with significant progress being made in the remaining other phases and the start of the fourth and final phase of the project.
One of the company's most prominent projects is a multi-use project in the Administrative Capital consisting of 8 floors, including 4 commercial floors, a medical floor, and 3 administrative floors, and is located near the central monorail station and Al-Massa Hotel.
As for the second project, the "Oro New Capital" project in the Administrative Capital, which is a residential project located between the embassy district and the investors' district, the project includes a clubhouse, a mosque and a mall, and meets all the needs of customers from different categories, as the company is about to complete the first phase of the project and deliver the units to its customers, in addition to achieving significant progress in the other phases of the project and starting the fourth and final phase of the project with major contracting companies.
"Olive Tree" projects are distinguished by their strategic locations and bright views under the sun of the capital, as they provide a residential environment that combines luxury and comfort. The residential units enjoy modern designs that ensure full use of natural lighting, which enhances the quality of daily life for residents. The company is also keen to integrate green spaces and integrated services to provide a quiet modern life.
The company's projects are also distinguished by their strategic locations and modern designs, while providing payment facilities, and using strong entities in engineering consulting to ensure that projects are implemented according to the highest quality standards.
The company offers a range of payment facilities for all its projects, as the company's investment plan is based on providing added value to the real estate market, by offering a range of different real estate projects that meet the needs of the real estate market for different segments.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Sharjah Strikes AED5.5bn Real Estate Milestone in May
Sharjah Strikes AED5.5bn Real Estate Milestone in May

Arabian Post

timean hour ago

  • Arabian Post

Sharjah Strikes AED5.5bn Real Estate Milestone in May

Sharjah achieved a total real estate trading value of AED 5.5 billion during May 2025, recording 8,415 transactions across the emirate. The total area traded reached 13.2 million square feet, underlining the emirate's advancing market strength. Investors conducted 1,574 outright sales deals, accounting for roughly 18.7 per cent of activity, alongside 381 mortgage registrations totalling AED 1.1 billion—4.5 per cent of the transactions. Additionally, 1,486 initial sale contracts were signed, and 3,619 ownership certificates issued, followed by 1,355 ownership deeds, according to data. These metrics reflect growing confidence in long-term investment within Sharjah's legal framework. Sales operations covered 134 locations, including residential, commercial, industrial and agricultural properties. Land plots constituted 877 deals, tower units 395 and built-in land assets 302. Sharjah City led all zones with 1,426 sales, while Al-Metraq registered 354 transactions, topping overall volumes. Muwailih Commercial followed with 258, Tilal with 135, and Rodhat Al Qarat with 67. ADVERTISEMENT In absolute value terms, Muwailih Commercial led in trading value, generating AED 352.2 million, while Tilal recorded AED 263.2 million. Al-Sajaa Industrial investors transacted AED 140.9 million, and Al-Metraq AED 114.9 million. Suburban and northern districts also contributed notably. The Central Region logged 97 deals, with Industrial 1 leading in volume and Al-Blida highest in value at AED 13.8 million. Khor Fakkan saw 26 transactions; Al Harai Industrial led in activity, Hay Hayawa 4 in value. Kalba registered 24 deals, with Al-Tarif 5 accounting for seven sales and Al Soor 1 holding the highest value at AED 3.5 million. Sharjah's trend mirrors broader national momentum. UAE-wide real estate dealings across the five emirates reached AED 239 billion in the first quarter of 2025, with Sharjah alone recording AED 13.2 billion in Q1—up 31.9 per cent from the same period a year earlier. That figure encompassed nearly 24,600 transactions. Market observers attribute the upswing to enhanced regulations, expanding infrastructure and investor-friendly policies. The introduction of expanded foreign ownership and digital processing platforms has particularly encouraged participation from both domestic and international buyers. Sharjah's growing reputation as a smart-living hub—in developments such as Aljada and the forested Masaar and Masaar 2 communities by Arada—is also playing a key role. Aljada, covering 24 million square feet in Muwaileh, and Masaar, with over 1,500 completed smart homes, exemplify the emirate's emphasis on integrated, sustainable neighbourhoods. Arada's newer masterplans also signal ongoing demand for eco-friendly and lifestyle-led residential projects. Abu Dhabi and Dubai continue to lead the national landscape. In Q1, Dubai accounted for AED 193 billion in property transactions, followed by Abu Dhabi at AED 25.3 billion. Yet Sharjah's accelerated growth—near double-digit gains in both value and volumes—shows it emerging as a significant real estate contender. Analysts anticipate momentum to continue. Infrastructure expansion, including roads and metro-linked projects, and investment in tourism and cultural sectors, are expected to sustain demand. Moreover, growing appetite among buyers for mid-range housing and integrated communities supports depth in the market. Mortgage trends also underline confidence. With over AED 1 billion in mortgage transactions in May, financial institutions seem increasingly willing to underwrite purchases, while buyers appear optimistic about long-term value.

Dubai Handles Over 629,000 Travelers During Eid al-Adha Holiday Surge
Dubai Handles Over 629,000 Travelers During Eid al-Adha Holiday Surge

Hi Dubai

time2 hours ago

  • Hi Dubai

Dubai Handles Over 629,000 Travelers During Eid al-Adha Holiday Surge

Dubai welcomed more than 629,000 travelers through its air, land, and sea ports during the Eid al-Adha holiday from June 5 to June 8, underscoring the city's status as a major global transit hub. According to the General Directorate of Identity and Foreigners Affairs (GDRFA), Dubai International Airport handled the lion's share with 581,527 travelers. The Hatta border post recorded 46,863 crossings, while 1,169 passengers passed through maritime ports during the same period. Major General Talal Al-Shanqeeti, Assistant Director General of the Air Ports Sector, highlighted the role of smart systems and artificial intelligence in managing the travel rush. He credited seamless coordination between government entities and the activation of digital solutions for ensuring fast and efficient processing. 'Our smart gates and AI technologies have significantly improved passenger flow,' Al-Shanqeeti said, adding that the travel experience is now closely aligned with the city's broader goals of enhancing quality of life and service flexibility. The GDRFA noted that the high-volume traffic was handled with precision, thanks to robust collaboration with aviation and border sector partners. The effort reflects Dubai's commitment to innovation, operational readiness, and delivering top-tier travel experiences. Officials say the smooth handling of such volumes strengthens Dubai's position on global mobility and quality-of-life rankings—reinforcing the emirate's ambition to remain a leading destination for both transit and long-term residence. News Source: Dubai Media Office

UAE President receives Qatari Prime Minister and Minister of Foreign Affairs
UAE President receives Qatari Prime Minister and Minister of Foreign Affairs

Al Etihad

time2 days ago

  • Al Etihad

UAE President receives Qatari Prime Minister and Minister of Foreign Affairs

10 June 2025 20:28 ABU DHABI (WAM)UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan Tuesday received His Excellency Sheikh Mohammed bin Abdulrahman bin Jassim Al Thani, Prime Minister and Minister of Foreign Affairs of the State of the meeting, which took place at Qasr Al Bahr in Abu Dhabi, the two sides exchanged Eid Al-Adha greetings, praying to God to bless both countries and their peoples with continued wellbeing and Excellency conveyed to the UAE President the greetings of His Highness Sheikh Tamim bin Hamad Al Thani, Emir of the State of Qatar, along with his best wishes for the continued progress and prosperity of the UAE. His Highness Sheikh Mohamed bin Zayed asked His Excellency to convey his own greetings to the Emir, expressing his sincere wishes for ongoing development for Qatar and its Highness and the Qatari Prime Minister discussed the close relations between the two countries and various aspects of their cooperation. They affirmed their shared commitment to strengthening collaboration for the benefit of both two sides also reviewed a number of regional and international issues of common concern and exchanged views on recent in the day, His Excellency Sheikh Mohammed bin Abdulrahman Al Thani arrived at Al Bateen Airport in Abu Dhabi, where he was received by His Highness Sheikh Tahnoun bin Zayed Al Nahyan, Deputy Ruler of Abu Dhabi and National Security Adviser, along with a number of officials. The meeting at Qasr Al Bahr was attended by His Highness Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi; His Highness Sheikh Tahnoon bin Zayed Al Nahyan, Deputy Ruler of Abu Dhabi and National Security Adviser; His Highness Sheikh Hamdan bin Zayed Al Nahyan, Ruler's Representative in Al Dhafra Region; His Highness Sheikh Saif bin Mohammed Al Nahyan; His Highness Sheikh Nahyan bin Zayed Al Nahyan, Chairman of the Board of Trustees of the Zayed Charitable and Humanitarian Foundation; His Highness Lieutenant General Sheikh Saif bin Zayed Al Nahyan, UAE Deputy Prime Minister and Minister of the Interior; His Highness Sheikh Hamdan bin Mohamed bin Zayed Al Nahyan, Deputy Chairman of the Presidential Court for Special Affairs; Sheikh Nahyan bin Mubarak Al Nahyan, UAE Minister of Tolerance and Coexistence; Sheikh Mohammed bin Hamad bin Tahnoon Al Nahyan, Adviser to the UAE President; along with a number of ministers and senior officials.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store