Latest news with #ArabianHillsEstate
Arabian Post
28-04-2025
- Business
- Arabian Post
Promises Renewed as Arabian Hills Estate Rises Over Abandoned Emirati Project
A new chapter is unfolding in the heart of the UAE's real estate landscape as Arabian Hills Estate emerges to replace a once highly anticipated but ultimately undelivered development initially sold by Wahat Al Zaweya Holding PJSC. Positioned near Al Ain, on land just across the Abu Dhabi border, this expansive community of villa and mansion plots is being marketed as a symbol of luxury and renewal, aiming to repair the reputational damage left behind by its predecessor. Arabian Hills Estate was formally launched last year and is being promoted with ambitious promises: lush gardens, a crystal-clear swimmable lagoon, an equestrian centre, high-end shopping malls, world-class resorts, and what the developers describe as 'extraordinary experiences right on your doorstep'. Plot sizes vary dramatically, ranging from 12,000 to 132,000 square feet, and sales material sets a proposed completion window between February and March 2027, extending to the fourth quarter of that year for some sections. The collapse of the earlier project under Wahat Al Zaweya Holding PJSC continues to cast a long shadow over the launch of Arabian Hills Estate. Originally marketed exclusively to Emirati nationals, the earlier development saw significant investor interest, with many customers paying large sums upfront, only to be left without properties delivered. Disillusioned investors pursued litigation in a bid to recover their money, with mixed outcomes. Some succeeded through court orders or negotiated settlements, while others still cling to the hope that the new project will honour their original investments. The company behind Arabian Hills Estate, largely separate from Wahat Al Zaweya's original corporate structure, has framed its offering as a fresh opportunity rather than a continuation of past mistakes. While both projects are geographically linked, representatives of the new estate emphasise that they have different leadership and management structures, although direct ties in terms of land ownership and prior customer relations remain murky. Real estate agents have seized on the marketing narrative, with some branding Arabian Hills Estate as the 'Beverly Hills of Dubai' — despite its actual location within the Al Ain region of Abu Dhabi emirate. Industry analysts point to the branding as an intentional strategy to leverage Dubai's internationally recognised image of glamour and high-end living, even if the project's site technically lies outside its municipal boundaries. Legal experts monitoring the fallout from the Wahat Al Zaweya episode warn that prospective buyers should exercise caution. According to real estate attorney Feras Al Sadek, 'The new project may seem attractive, but buyers need to thoroughly understand the legal distinctions between the old development and Arabian Hills Estate. Due diligence is more important than ever when previous claims on the land still exist.' Al Sadek noted that although Arabian Hills Estate is a new entity on paper, historical entanglements could complicate ownership rights if not fully resolved. For its part, Arabian Hills Estate's promotional materials assert that all land titles are clear and that the project is backed by escrow accounts regulated under UAE real estate laws to ensure better protection for investors. The developer's spokesperson confirmed that the plots are being sold under updated frameworks in compliance with recent Abu Dhabi real estate regulations aimed at safeguarding off-plan buyers. Market response has been cautiously optimistic, particularly among end-users and investors looking for early-mover advantage into what is still a developing suburban luxury market. Prices for plots have been reported to start at AED 900,000 and can rise significantly depending on size and location within the estate. Brokers highlight that demand for large residential plots is rising as wealthy buyers seek private, custom-built homes away from city congestion, especially in the post-pandemic environment where space and bespoke amenities have gained premium value. However, the ghosts of the failed Wahat Al Zaweya project are not easily exorcised. A number of individuals who invested years ago are wary of the promises made by Arabian Hills Estate. One investor, Saif Al Mheiri, who is still embroiled in a legal battle to reclaim funds tied to the old project, expressed scepticism: 'We were given so many promises the first time. Until I see villas built and families moving in, I will not believe anything.' Adding to the complexity, industry observers note that the UAE real estate market has evolved substantially since the first project was launched. Regulatory oversight has tightened, and buyers are generally more informed about their rights. Nevertheless, with thousands of units and plots under development across the UAE, the risk of delays or under-delivery remains a persistent concern for off-plan property investors. Arabian Hills Estate's projected handover timeline of early to late 2027 places it in a competitive field of upcoming developments in the UAE, all aiming to capture demand from both domestic and international buyers. Yet, achieving the luxurious vision promised will require overcoming significant logistical and reputational hurdles. The developers are banking on a combination of improved infrastructure, the allure of countryside living paired with city-style amenities, and enhanced legal protections to convince a market that has learned from past disappointments.
Zawya
28-03-2025
- Business
- Zawya
DSI says Arabian Hills on 'stronger financial and operational framework'
Dubai-listed Drake & Scull has said Arabian Hills Estate, on which it announced 1 billion dirhams ($272 million) of contracts last month, is proceeding on a stronger financial and operational framework than its predecessor Wahat Al Zaweya (WaZ). The contractor returned from a five-year long debt restructuring to trade on Dubai Financial Market (DFM) in May 2024, the same month that the Arabian Hills development was launched. DSI was also reported to be eying contracts worth AED 1 billion in January 2018 on Arabian Hills Estate's predecessor WaZ, a project sold exclusively sold to Emirati nationals but paused when the company behind it racked up losses. A statement from DSI investor relations said Arabian Hills is similar to Wahat Al Zaweya (WaZ) in location and scope but the contracts are separate, with the WaZ contract awarded prior to DSI restructuring and only partially executed. The company said it had received one upfront payment for the WaZ contract, but the project was not completed due to a regulatory reason, and added any unresolved financial matters were addressed during the DSI restructuring. In response to questions from Zawya, DSI said the Arabian Hills development is progressing under a stronger financial and operational framework. 'Our engagement in this project reflects the renewed confidence in Drake & Scull's expertise and ability to deliver, and we are pleased with the positive momentum surrounding the development.' Despite two common board members between DSI and Anan, the Abu Dhabi-listed company behind the WaZ project, DSI said there is shared industry expertise but no operational or financial affiliation between the two companies. It also said it has no direct connection to Core International, one of the development partners of Arabian Hills Estate. (Reporting by Imogen Lillywhite; editing by Brinda Darasha)
Zawya
20-03-2025
- Business
- Zawya
Arabian Hills project (Zone 2), infrastructure works on the go
Arabian Hills Real Estate Development has announced that exceeding 50% progress in the roads and infrastructure works of the Arabian Hills project (Zone 2), which is part of the Arabian Hills Master Development located in Al Faqa area - Al Ain. The Arabian Hills project (Zone 2) extends over an area of (2,533,730) square meters of land. The project is comprised of (748) residential plots served by roads, infrastructure and utilities networks. The project also includes (33.5) km of internal roads and (306) km of power and utilities' networks in addition to community amenities and facilities. This achievement comes within the context of the ongoing work and efforts to complete the roads and infrastructure in zone (2), in parallel to the ongoing roads and infrastructure works in other zones accross the Arabian Hills Master Development. Arabian Hills Estate highly values the continuous cooperation of the concerned authorities represented by the Department of Municipalities and Transport, the Abu Dhabi Real Estate Center, Al Ain Municipality and all concerned agencies, to overcome challenges and support the achievement of the targetted goals by completing the project. Enhancing Quality of Life Designed to enhance residents' quality of life, Arabian Hills Estate fosters a sense of community while providing unparalleled amenities and services. With its ideal location and thoughtfully planned facilities, the project is poised to set new standards in Dubai's real estate landscape. Arabian Hills Estate continues to redefine what it means to live in a modern, integrated, and sustainable community, offering a unique blend of comfort, convenience, and investment potential.
