Latest news with #ElieSaabWaterfront
What's On
02-05-2025
- Business
- What's On
20 Abu Dhabi residential megaprojects that will change your life
Here are 20 incredible Abu Dhabi residential megaprojects we're excited for. Take a look at these stunning images before you get started reading on them… Mamsha Gardens 3 of 12 This resort-style development on Saadiyat Island, right beside the exciting Mamsha Al Saadiyat area and Saadiyat Cultural District provides you with a tranquil oasis that offers views of Zayed National Museum, and features a central walkway connecting you to Saadiyat Grove's high-end retail offerings and the beach. With 7 residential buildings, 493 homes featuring designer kitchens, smart home systems, and customisable interior designs, plus resort-style amenities such as valet services, a concierge, housekeeping, pet-sitting, gyms, yoga and meditation rooms, pools, play areas, and workspaces, this is the ultimate residential development on Saadiyat. Following overwhelming demand after its launch in late 2024, developers Aldar released 72 exceptional apartments and townhouses in March this year, including a limited number of one-, two-, and three-bedroom apartments as well as two- and three-bedroom townhouses. Deyaar real estate has just launched RIVAGE, its first residential project on Abu Dhabi's Al Reem Island. The development is a great blend of luxury living, breathtaking views, and world-class amenities, while integrating sustainability within a masterpiece architectural design. You have a range of residential options, featuring 1, 2, and 3-bedroom luxury residences, opulent duplexes, bespoke Sky Villas and the celestial Sky Palaces. The development is also strategically located within proximity to Zayed International Airport, as well as universities, malls, schools, healthcare facilities, parks, beaches, restaurants, hotels, and prayer facilities. Mandarin Oriental Residences by Aldar will consist of 228 premium homes featuring innovative design and first-class service. It will be located at the ambitious Saadiyat Cultural District, overlooking Zayed National Museum, and mere steps away from Louvre Abu Dhabi, the Natural History Museum and Guggenheim Abu Dhabi. Set to launch for sale later this year, Mandarin Oriental Residences will have access to 3,500 sqm of premium dining spaces along the Zayed National Museum promenade, with a further 60,000 sqm of experiential retail, entertainment and leisure options located at the nearby Saadiyat Grove. @aldar Elie Saab Waterfront by Ohana Development Price: From Dhs 1.9 million Part of a mind-boggling list of residential megaprojects in the capital, Elie Saab Waterfront by Ohana Development was unveiled in a grand ceremony earlier this week at the Emirates Palace Mandarin Oriental. This architectural stunner will be the first branded residence on Reem Island, and like most, if not all of the other state-of-the-art megaprojects setting up shop in the UAE capital, will redefine luxury living – with 39 floors, 174 residences, and 300 parking spaces, no less. Price tags range from Dhs 2 million to Dhs 300 million. @ohana_development Nobu Residences by Aldar Price: From Dhs8 million The iconic Nobu brand is coming to Abu Dhabi, and in addition to its globally renowned Japanese fare, a beach club and luxurious hotel, branded residences will also be inaugurated in Abu Dhabi in 2027. The Nobu Hospitality concepts will open in collaboration with Aldar properties on the mystical Mamsha beach on Saadiyat island, forming part of the cultural and culinary hub of Saadiyat Grove. This boutique collection of ultra-luxury Nobu-branded residences will feature 88 spacious apartments, ranging from one-to three-bedrooms, and will also include a further collection of exclusive penthouses and sky villas available. Design-wise, the aesthetic will blend Nobu's Japanese design and hospitality with modern luxuries, and each apartment will feature stunning views of the sea and the instantly recognisable Guggenheim Abu Dhabi. Additional facilities for residents include a movie screening room, swimming pools and gym and an upscale lounge. @aldar Louvre Abu Dhabi Residences The Louvre Abu Dhabi really has cemented the capital city's status as the region's cultural hub, and local master developers, Aldar have planned the Louvre Abu Dhabi Residences by Aldar as a residential complex of 400 apartments, with an iconic address, stunning ocean views and a location that's only a stone's throw away from one of the world's most impressive collections of art and historical artefacts. Included within the structure will be Le Salon Détente — a lounge for residents that will feature art curated in consultation with the experts at Louvre Abu Dhabi; a 12-seater Cinema Privé for private theatre experience; a wellness centre – Spa Bien-être, which will of course feature a gym, sauna rooms, spaces for yoga and meditation, and also an indoor kids' playroom, the Creativité Room. It's all part of Saadiyat Grove, a 242,000 square metre, Dhs10 billion development which will also include retail and entertainment attractions, other residential properties, two news hotels and co-working spaces. @aldar Ramhan Island Price: Dhs12.8 million Ramhan Island, off the coast of Abu Dhabi has just been launched by Eagle Hills. With an area of 4 million square meters including 2.2 million square meters of developable land, Ramhan Island is on its way to becoming a coveted destination for those seeking an elevated coastal lifestyle. The sprawling development includes 1,800 standalone villas, 900 marina residences, luxury brand residences, a luxury marina hotel and a vibrant retail promenade boasting 1.7 kilometers of retail space, and at Ramhan's waterferont lies a collection of waterfront luxury villas, with high-end amenities and unparalleled vistas. @ramhanisland_uae Reem Hills Scheduled for completion in 2027, this Reem Island two-phase development includes apartments and villas across six buildings. Residents can choose from 1, 2, and 3-bedroom apartments, as well as larger 5 to 7-bedroom villas and 3-bedroom townhouses. As far as amenities go, a rooftop pool, green spaces, indoor retail options and sports facilities such as a tennis court and a fully-equipped gym, sauna and steam room will be available. @reem_hills Gardenia Bay Price: Dhs910,000 Where? On Yas Island. Also scheduled for completion in 2027, this development will feature low-rise buildings and will mirror he curves of the coastline with sand-coloured facades. You can pick from studios to three-bedroom apartments, with amenities such as a co-working space, gym, spa, and cinema within a breathtaking landscape park. The Source Price: From Dhs2.6 million Everything Saadiyat-based seems to turn heads lately, and this one is no different. The Source on Saadiyat is scheduled for handover in 2026, and is a nine-storey, luxurious residential complex that will feature a total of 200 apartments. Enjoy unmatched views of the Zayed National Museum from the luxury of a 1, 2, or 3-bedroom apartment constructed with sustainable materials. For amenities, you really are spoiled for choice here with a rooftop garden, yoga and meditation areas, an infinity pool, a stacked fitness centre, and a play area for children. With a price tag beginning at Dhs2.6 million, you get the picture. Mayyas at the Bay From: Dhs846,000 This development is slated for handover in 2026. Mayyas at the Bay includes a 270-lot development and eight stories, with a minimalist architectural style and a multi-level façade that mimics the silhouette of a ship. From cosy studios to spacious 1 to 3-bedroom apartments and larger 2 or 3-bedroom townhouses, the sky's the limit, and the project is finished with everything you could ask for including a temperature-controlled swimming pool, a modern playground for the little ones and a well-appointed gym. Yas Golf Collection Price: From Dhs825,000 This residential complex on Yas Island, surrounded by lush lawns and the azure waters of Khorlaffan Bay, rolls out premium services for a comfortable lifestyle, including laundry and dry cleaning, dedicated customer service, and nanny and pet-sitting services. You can also access a personal shopper or interior designer for household tasks, once you're nicely settled into theor fully-furnished 1, 2, or 3 bedroom apartments. Elegant interiors featuring panoramic windows bring you stunning views of Yas Theme Park and Yas Links. Saadiyat Lagoons Price: From Dhs7.1 million If you're thinking villas in Abu Dhabi, you're obviously thinking Saadiyat Island. Saadiyat Lagoons offers 4 to 6 bedroom mangrove villas on at this mystical destination, surrounded by 900,000 square metres of protected wildlife. The development also includes shopping centers, kindergartens, and a multifunctional hall. Villas feature customisable interiors cool gray tones. dark wood and warm beige schemes to choose from. With an eye on the future, each villa also includes a garage with electric car charging. The best bit? Direct access to Soul Beach. The Icon Tower Price: from Dhs1.10 million This development is made up of 300 apartments within an 18-storey tower, near the coastal area of Yas Island, with architecture that seamlessly blends with the coastal theme. Panoramically glazed balconies feature in cosy studios and spacious1 to 4 bedroom apartments, with panoramic windows and well-lit interiors. Enjoy a refreshing dip in the infinity pool, unless you'd rather head to the beach. Sama Yas Price: Dhs3.36 million This prestigious project features a trio of three 17-storey buildings, with unique cascading architecture resembling mountains. Units are available in 1, 2, and 3-bedroom configurations, and boast premium materials such as glossy Italian marble, natural wood, and porcelain stoneware. In terms of amenities, you're looking at valet service, an elegant lobby and a dedicated concierge desk as well as a smart home system. Price: From Dhs 1 , 23 million Al Reem Island's Renad Tower project is a 37-storey high-rise, offering stunning views of the Arabian Sea. Apartments are available in 1, 2, and 3 bedrooms options, with each residence including a spacious balcony and expansive panoramic windows that ensure your apartment is flooded with natural light. You can also relax in the azure pool on the podium roof, or bask in the sun on comfortable sun loungers. A modern gym and outdoor jogging trails ensure your fitness goals are on point. Price: From Dhs1.3 million Vista Del Mar is a contemporary residential complex on Abu Dhabi's own home of thrills, Yas Island. The 11-storey building is adorned with white panels and glass balconies, and the project comprises comfortable 1,2, and 3-bedroom apartments. Each residence features a balcony, and on the ground floors of lie luxurious villas with 3 or 4 bedrooms, and a private terrace, outdoor pool, and a spacious patio. Residents can also enjoy access to a recreational space, with a swimming pool on the podium of the complex. SHA Island Emirates Price: From Dhs4.6 million This development brings a unique blend of luxury and wellness to the tranquil surroundings of Al Jurf, and you could have your keys in as early as 2026. With prices beginning at Dhs4.6 million for apartments and Dhs29 million for villas, SHA Island Emirats offers a variety of living options, from cosy apartments to expansive three-level villas. These homes utilise materials like marble, stone, and local woods, with villas boasting private swimming pools and landscaped gardens. As for the beach villas, they offer direct bay access, perfect for ocean lovers. Yas Riva This exclusive villa community on Yas Island offers you a total of 151 4,5, and 6-bedroom canal-front and canal-accessible homes, which will be designed to facilitate luxurious relaxation in a tranquil waterfront setting. Set on Yas Island's northern shores, residents can enjoy premier entertainment, retail, and leisure experiences, including Yas Mall, Yas Bay, Yas Marina Circuit, Yas Links, and Etihad Arena. They will also have access to a waterfront health-and-wellness center inclusive of a spa, gym, adults' and kids' pools, and a sunken firepit, as well as landscaped gardens, three parks with table tennis, padel courts, outdoor fitness areas, an amphitheatre, picnic spaces, and an obstacle course. For the little ones, there are play areas, a splash pad, and climbing and water play zones. An unforgettable escape awaits at upcoming Ritz-Carlton Reserve in Abu Dhabi, scheduled for a 2029 opening. The development will be built on the stunning Ramhan Island we've already discussed above, redefining luxury in true Ritz style. The development will feature 50 private villas in one to four bedroom configurations, and guests will enjoy the first-ever floating villas in the region with breathtaking waterfront views in Abu Dhabi.
Trade Arabia
06-03-2025
- Business
- Trade Arabia
Ohana breaks ground on 174-unit Abu Dhabi waterfront project
Ohana Development, a leading luxury real estate developer in the UAE, has announced the ground breaking of its premium residential project - Elie Saab Waterfront by Ohana - on Abu Dhabi's prestigious Al Reem Island. Designed to set new benchmarks in attainable luxury living, the development will bring Elie Saab's unique design vision to life, creating a masterpiece that combines art and architecture, said the developer. The project, being developed in collaboration with world-renowned fashion designer Elie Saab, will comprise 174 units, ranging from contemporary apartments to opulent penthouses. Scheduled for completion in Q2 2027, the project is positioned to become a landmark on Al Reem Island, offering panoramic views of the Arabian Gulf and Abu Dhabi's skyline, it added. According to Ohana, each residence is designed to reflect Elie Saab's renowned attention to detail and commitment to timeless elegance. Its key amenities include a children's playground, outdoor pool, landscaped gardens, additional visitor parking, gym, an electric vehicle charging station and a padel court. Speaking on the occasion, CEO Engineer Husein Salem said this project represents Ohana's commitment to redefining the UAE's luxury real estate landscape. "By collaborating with Elie Saab, the world-renowned fashion designer, we are creating a residential experience that merges unparalleled design with the highest standards of quality," stated Salem. It will offer residents convenient access to Abu Dhabi's top destinations, including Reem Mall and Reem Central Park. With its prime location and exceptional amenities, the project promises an unparalleled lifestyle of sophistication and comfort, he added. Ohana Development, in partnership with Elie Saab, continues to push the boundaries of luxury real estate, setting new standards for excellence and innovation with every project, remarked Salem.
Trade Arabia
03-03-2025
- Business
- Trade Arabia
Northern Emirates' residential rental market sees sustained growth
The residential rental market in the Northern Emirates saw sustained market growth driven by strong economic fundamentals, proactive government initiatives and continued investor confidence, according to global real estate services company Asteco. The region's prime markets of Ras Al Khaimah, Sharjah and Ajman witnessed increased tenant relocation from Dubai, driven by affordability, lifestyle factors and improved infrastructure. The rental rates too rose by 4% to 8% in early 2024 before stabilising at 3%, stated Asteco in its Q4 2024 real estate report. Ras Al Khaimah's transaction value surged by 78% for the fourth quarter, followed by Sharjah (48%) and Ajman (21%). This growth was driven by approximately 20,000 new project launches, particularly in luxury-branded residences, reinforcing the region's appeal as an investment hub, it added. The Asteco report also outlines significant trends in Abu Dhabi, Dubai, the Northern Emirates, and Al Ain, providing key insights into market activity, supply, demand, and price movements. On the Abu Dhabi market, the real estate expert said approximately 5,600 residential units were delivered across the emirate in 2024, with key completions in Yas Island, Saadiyat Island, Jubail Island and Al Raha Beach. Notable new project launches included branded residences such as W Residences on Al Maryah Island, Elie Saab Waterfront on Reem Island and the Mandarin Oriental Residences on Saadiyat Island. Additionally, the Abu Dhabi Housing Authority introduced Yas Canal, a development featuring 1,146 units for Emirati citizens, it stated. According to Asteco, the residential rental market saw sustained growth, with high-end and prime apartments experiencing rental increases of 6% to 10% annually, particularly in Saadiyat Island, Yas Island and Al Raha Beach. The villa market remained robust, with luxury villas in Saadiyat Island registering rental increases of up to 15%. The office sector also witnessed strong demand, particularly for Grade A office space, where rents increased by 10% to 12% year-on-year due to limited supply and strong business expansion, it added. The Al Ain real estate market recorded steady growth in 2024, with rental rates rising across all asset classes. Apartment rental rates increased by up to 10% annually, while villa rents grew at a more modest annual rate of 4%. The office market in Al Ain remained stable, with rental rate growth ranging between 1% and 5% in key business districts. Retail leasing also showed positive momentum, with community shopping centres and malls seeing minor rental increases, while street retail rents rose by as much as 3% annually. New residential supply in Al Ain remains limited, with upcoming developments mainly consisting of small-scale projects catering to local demand, said Asteco in its report. However, two major retail projects, the expansion of Al Jimi Mall and the completion of Al Mutarid Lifestyle Centre, are set to increase the city's commercial offering by a combined 100,000 sq. m. of gross floor area in 2025, it added. On the Dubai scenario, Asteco said it continued to experience a high volume of new project launches and strong transactional activity throughout 2024. The total residential supply increased significantly in 2024 with the delivery of over 33,000 residential units; an additional 65,000 units are expected in 2025. New villa launches remained stable at 21,000 units, while apartment launches surged by nearly 50% compared to the previous year, reaching approximately 140,000 new units, stated the report.
Zawya
03-03-2025
- Business
- Zawya
Sharjah, Ajman and RAK residential rental markets witness sustained growth
UAE - The residential rental market in the Northern Emirates saw sustained market growth driven by strong economic fundamentals, proactive government initiatives and continued investor confidence, according to global real estate services company Asteco. The region's prime markets of Ras Al Khaimah, Sharjah and Ajman witnessed increased tenant relocation from Dubai, driven by affordability, lifestyle factors and improved infrastructure. The rental rates too rose by 4% to 8% in early 2024 before stabilising at 3%, stated Asteco in its Q4 2024 real estate report. Ras Al Khaimah's transaction value surged by 78% for the fourth quarter, followed by Sharjah (48%) and Ajman (21%). This growth was driven by approximately 20,000 new project launches, particularly in luxury-branded residences, reinforcing the region's appeal as an investment hub, it added. The Asteco report also outlines significant trends in Abu Dhabi, Dubai, the Northern Emirates, and Al Ain, providing key insights into market activity, supply, demand, and price movements. On the Abu Dhabi market, the real estate expert said approximately 5,600 residential units were delivered across the emirate in 2024, with key completions in Yas Island, Saadiyat Island, Jubail Island and Al Raha Beach. Notable new project launches included branded residences such as W Residences on Al Maryah Island, Elie Saab Waterfront on Reem Island and the Mandarin Oriental Residences on Saadiyat Island. Additionally, the Abu Dhabi Housing Authority introduced Yas Canal, a development featuring 1,146 units for Emirati citizens, it stated. According to Asteco, the residential rental market saw sustained growth, with high-end and prime apartments experiencing rental increases of 6% to 10% annually, particularly in Saadiyat Island, Yas Island and Al Raha Beach. The villa market remained robust, with luxury villas in Saadiyat Island registering rental increases of up to 15%. The office sector also witnessed strong demand, particularly for Grade A office space, where rents increased by 10% to 12% year-on-year due to limited supply and strong business expansion, it added. The Al Ain real estate market recorded steady growth in 2024, with rental rates rising across all asset classes. Apartment rental rates increased by up to 10% annually, while villa rents grew at a more modest annual rate of 4%. The office market in Al Ain remained stable, with rental rate growth ranging between 1% and 5% in key business districts. Retail leasing also showed positive momentum, with community shopping centres and malls seeing minor rental increases, while street retail rents rose by as much as 3% annually. New residential supply in Al Ain remains limited, with upcoming developments mainly consisting of small-scale projects catering to local demand, said Asteco in its report. However, two major retail projects, the expansion of Al Jimi Mall and the completion of Al Mutarid Lifestyle Centre, are set to increase the city's commercial offering by a combined 100,000 sq. m. of gross floor area in 2025, it added. On the Dubai scenario, Asteco said it continued to experience a high volume of new project launches and strong transactional activity throughout 2024. The total residential supply increased significantly in 2024 with the delivery of over 33,000 residential units; an additional 65,000 units are expected in 2025. New villa launches remained stable at 21,000 units, while apartment launches surged by nearly 50% compared to the previous year, reaching approximately 140,000 new units, stated the report. Rental rates for both apartments and villas recorded quarterly growth of approximately 2% to 3%, with variations depending on location and community, it added.- TradeArabia News Service Copyright 2024 Al Hilal Publishing and Marketing Group Provided by SyndiGate Media Inc. (
Zawya
25-02-2025
- Business
- Zawya
Asteco's Q4 2024 report highlights strong market performance across UAE
Abu Dhabi – Asteco's Q4 2024 real estate report highlights sustained market growth across the UAE, driven by strong economic fundamentals, proactive government initiatives and continued investor confidence. The report outlines significant trends in Abu Dhabi, Dubai, the Northern Emirates, and Al Ain, providing key insights into market activity, supply, demand and price movements. Abu Dhabi Residential and Office Market Asteco's latest report reveals that approximately 5,600 residential units were delivered across Abu Dhabi in 2024, with key completions in Yas Island, Saadiyat Island, Jubail Island and Al Raha Beach. Notable new project launches included branded residences such as W Residences on Al Maryah Island, Elie Saab Waterfront on Reem Island and the Mandarin Oriental Residences on Saadiyat Island. Additionally, the Abu Dhabi Housing Authority introduced Yas Canal, a development featuring 1,146 units for Emirati citizens. The residential rental market saw sustained growth, with high-end and prime apartments experiencing rental increases of 6% to 10% annually, particularly in Saadiyat Island, Yas Island and Al Raha Beach. The villa market remained robust, with luxury villas in Saadiyat Island registering rental increases of up to 15%. The office sector also witnessed strong demand, particularly for Grade A office space, where rents increased by 10% to 12% year-on-year due to limited supply and strong business expansion. Sales activity was particularly strong in 2024, with a total of approximately 10,200 transactions. Off-plan properties dominated the market, representing 56% of all sales. Apartment prices increased by nearly 12% annually, with high-end developments experiencing growth of up to 16%, while villa prices recorded a 5% average increase, with prime villa communities achieving annual gains of close to 12%. Dubai Residential and Office Market Dubai continued to experience a high volume of new project launches and strong transactional activity throughout 2024. The total residential supply increased significantly in 2024 with the delivery of over 33,000 residential units; an additional 65,000 units are expected in 2025. New villa launches remained stable at 21,000 units, while apartment launches surged by nearly 50% compared to the previous year, reaching approximately 140,000 new units. Rental rates for both apartments and villas recorded quarterly growth of approximately 2% to 3%, with variations depending on location and community. Dubai's sales market reached record transactional volumes, with off-plan properties accounting for nearly 70% of total sales. Whilst some developers, particularly Tier-1 brands, introduced aggressive payment plans, with structures reaching as high as 80/20 or 75/25, it is worth noting that towards the end of 2024, there was a rise in the number of developers offering sales incentives such as lower down payments, extended payment plans and discounts on service charges. Office rental and sales prices continued their upward trajectory, particularly in Grade A properties, with demand exceeding supply. Al Ain and Northern Emirates Market The Northern Emirates witnessed increased tenant relocation from Dubai, driven by affordability, lifestyle factors and improved infrastructure. Rental rates rose by 4% to 8% in early 2024 before stabilising at 3%. The sales market saw strong demand, with Ras Al Khaimah's transaction value surging 78%, followed by Sharjah (48%) and Ajman (21%). This growth was driven by approximately 20,000 new project launches, particularly in luxury-branded residences, reinforcing the region's appeal as an investment hub. The Al Ain real estate market recorded steady growth in 2024, with rental rates rising across all asset classes. Apartment rental rates increased by up to 10% annually, while villa rents grew at a more modest annual rate of 4%. The office market in Al Ain remained stable, with rental rate growth ranging between 1% and 5% in key business districts. Retail leasing also showed positive momentum, with community shopping centres and malls seeing minor rental increases, while street retail rents rose by as much as 3% annually. New residential supply in Al Ain remains limited, with upcoming developments mainly consisting of small-scale projects catering to local demand. However, two major retail projects, the expansion of Al Jimi Mall and the completion of Al Mutarid Lifestyle Centre, are set to increase the city's commercial offering by a combined 100,000 sq.m. of gross floor area in 2025. About Asteco: Asteco is a major regional and international award-winning full-service real estate services company that was formed in 1985 and has gained enormous respect for consistently delivering high quality, professional, value-added real estate services in a transparent manner. The company is widely recognised for its involvement with many of the projects that have defined the landscape and physical infrastructure of the United Arab Emirates. The world-class company has a distinguished and important combination of local knowledge and international expertise and has been renowned for its application of the latest technological tools and innovations, its commitment to transparency, winning strategies, and human expertise. Undisputed Real Estate experts with a regional presence to serve its customers, Asteco proudly represents a significant number of the region's top property Owners, Developers, and Investors. Asteco offers a wide range of services and solutions to its clients from Valuation Advisory and Building Consultancy, Property Management as well as Sales & Leasing services. The company applies innovative solutions and cutting-edge technology to add tangible value for its clients at every stage of the property lifecycle and to continuously elevate customer experiences.
