Latest news with #JumeirahResidences
Arabian Business
17-05-2025
- Business
- Arabian Business
Dubai real estate sector recorded $4.7bn of transactions last week, including $67m Business Bay building
The Dubai real estate sector recorded AED17.3bn ($4.7bn) of transactions last week, according to data from the Land Department. Sales transactions dominated the figures, with AED13.11bn ($3.6bn), according to Land Department data. In total there were 4,048 sales transactions recorded between May 12 and May 16. Dubai real estate this week Among the most expensive sales transactions listed on the Land Department website were: The Peninsula Four building in Business Bay sold for AED245m ($66.7m) An apartment in The Royal Atlantis Resort in Palm Jumeirah sold for AED65m ($17.1m) An apartment in Jumeirah Residences Asora Bay in Jumeirah sold for AED52.2m ($14.2m) The Land Department also showed mortgage deals worth AED3.27bn ($890m) last week. Gift transactions in the same period were valued at AED925m ($252m).
Arabian Business
12-05-2025
- Business
- Arabian Business
Dubai real estate sector recorded $5.5bn of transactions last week, including $26.3m Jumeirah apartment
The Dubai real estate sector recorded AED20.1bn ($5.5bn) of transactions last week, according to data from the Land Department. Sales transactions dominated the figures, with AED16.48bn ($4.5bn), according to Land Department data. In total there were 4,116 sales transactions recorded between May 5 and May 9. Dubai real estate this week Among the most expensive sales transactions listed on the Land Department website were: An apartment in Jumeirah Residences Asora Bay in Jumeirah sold for AED96.9m ($26.3m) An apartment in Jumeirah Residences Asora Bay in Jumeirah sold for AED65.2m ($17.1m) An apartment in Jumeirah Residences Asora Bay in Jumeirah sold for AED65.2m ($17.1m) The Land Department also showed mortgage deals worth AED2.87bn ($781m) last week. Gift transactions in the same period were valued at AED740.9 ($202m).
Zawya
06-05-2025
- Business
- Zawya
Union Square House achieves record $63.7mln sale in Jumeirah Residences Asora Bay
Dubai's previous record was set by a $47.6 million villa sale on Jumeirah Bay Island Dubai, United Arab Emirates: Dubai-based real estate brokerage Union Square House (USH) has shattered records in luxury property transactions. The firm has successfully brokered the sale of two ultra-luxurious apartments at Jumeirah Residences Asora Bay by Meraas, located in the prestigious La Mer district of Dubai, for a staggering $63.7 million (AED 234 million) to a single buyer. The first unit is a 6-bedroom simplex spanning 18,182 sqft, sold for about AED 164 million, while the second is a 4-bedroom simplex covering 7,728 sqft, sold for AED 69.5 million. Jumeirah Residences Asora Bay offers only 29 exclusive apartments managed by Jumeirah—a global leader in luxury hospitality and a member of Dubai Holding, ensuring a rare and highly sought-after opportunity. Manoj Khatwani, Sales Director at Union Square House, who facilitated the sale, stated: 'This project is unparalleled. There's nothing like it. The project redefines luxury and exclusivity. The specifications are better than anything Dubai has ever seen. The views are unparalleled—Arabian Sea views and Burj Khalifa skyline views. It surely sets the new standard for Dubai luxury.' This record-breaking transaction highlights Union Square House's continued leadership and dominance in the high-end real estate market, further solidifying its reputation as a trusted partner in Dubai's luxury property sector. Gaurav Aidasani, Founder & Managing Director, Union Square House Real Estate Broker added: 'We are incredibly proud to have brokered this record-breaking transaction for Meraas at Jumeirah Residences Asora Bay. This sale not only highlights the luxury and exceptional quality of Dubai's real estate offerings but also showcases the strong demand for unparalleled living experiences in the city's most sought-after locations. Our commitment to excellence remains unwavering, and we continue to lead the way in high-end property transactions in Dubai.' 'We would also like to extend our appreciation to Dubai Holding for their continued commitment to creating world-class products that set new benchmarks for excellence. Their dedication to quality and innovation plays a pivotal role in making these landmark deals possible,' Gaurav concluded. Jumeirah Residences Asora Bay offers an unparalleled lifestyle with a collection of exquisite apartments and a stunning penthouse, ranging from four to seven bedrooms. Each residence is a masterpiece, thoughtfully crafted with private amenities and shared spaces that create a retreat of both grandeur and intimacy. Designed for those who seek more, Jumeirah Residences Asora Bay redefines hospitality with an innovative approach, providing an exceptional living experience. In a city where towering structures rise from the flat desert landscape, Jumeirah Residences Asora Bay offers a new perspective—one that redefines both architecture and nature. Unlike the conventional skyline standing tall above the sands, this project introduces a landscape of its own, with two majestic hills carved into the coast, each embracing the natural beauty of the sea. It is a vision where architecture merges seamlessly with the land, creating an enclave of serenity that invites exploration. USH has previously received awards from Dubai Properties (seven consecutive years), Meraas Properties (2022), Majid Al Futtaim (No.1 Performing Partner 2021), District One Meydan (No.1 Agency 2021), Nakheel (No.2 Agency 2021), RERA (2021), Dubai Holding (2022), and DAMAC Properties (2021).
Zawya
29-04-2025
- Business
- Zawya
Jumeirah drives portfolio expansion with three new developments in Dubai
Jumeirah Residences Emirates Towers - an elevated lifestyle in the heart of the city The new additions further cements Jumeirah's leadership in its home market following the successful opening of Jumeirah Marsa Al Arab As part of its strategy to diversify its portfolio and drive expansion, Jumeirah has segmented its portfolio into four key offerings, rooted in luxury Arabian hospitality Dubai, United Arab Emirates: Jumeirah, a global leader in luxury hospitality and a member of Dubai Holding, has announced the development of three new addresses in Dubai. In line with Jumeirah's Mission 2030 strategy and its focus on growth and diversification, the upcoming additions will include a hotel and two residences. Jumeirah Asora Bay, hotel and residences, will articulate the evolution of the Jumeirah brand with an elevated design vision and a highly curated experience that is both distinctive and purposeful. Combining architectural innovation with an unparalleled coastal setting, the exclusive development will sit discreetly on the peninsula of La Mer South in Dubai. The hotel, featuring 103 rooms and suites along with 20 villas, aligns with Jumeirah's renewed vision and investment strategy, which includes a focus on boutique-style properties with up to 150 keys, and places emphasis on suite categories, villas, and branded residences. This approach is also reflected in Jumeirah's European portfolio, including the upcoming opening of Jumeirah Le Richemond in Geneva, as well as established destinations such as Jumeirah Mallorca and Jumeirah Capri Palace. Scheduled to open in 2029, Jumeirah Asora Bay will join the highly coveted Jumeirah Hotels & Resorts offering. Complementing the hotel will be the Jumeirah Residences Asora Bay launched with Meraas, a member of Dubai Holding Real Estate. This exclusive residential enclave features 29 residences, including four-to-six-bedroom apartments, one seven-bedroom penthouse, and six ocean villas. The development's hillside location and terraced design offers uninterrupted views of the Arabian Gulf and Dubai's skyline. With an upweighted focus on branded residences, Jumeirah is also introducing Jumeirah Residences Emirates Towers — a new expression of elevated living that blends vibrant city life with curated and purposeful experiences. Featuring 754 units, ranging from one-to-four-bedroom apartments, this new development will redefine urban living in Dubai's business district — a residential experience elevated to new realms. Residents will have access to a wide array of well-being and lifestyle facilities, including a padel court, fitness studios, co-working lounge, private cinema and a podium pool terrace. Thomas B. Meier, Chief Executive Officer of Jumeirah said: 'In line with Jumeirah's Mission 2030 strategy, our ongoing ambition is to drive sustainable growth and double the size of our portfolio regionally and internationally. Maintaining a leadership position in our home market is integral to that strategy and, following the successful opening of Jumeirah Marsa Al Arab earlier this year, we will further extend our footprint in Dubai with Jumeirah Asora Bay and Jumeirah Residences Emirates Towers. These exceptional properties represent the future of the Jumeirah brand, with distinctive and purposeful experiences shaped by intentional design, mindful living and holistic wellbeing.' He added: 'We remain firmly on track with the delivery of our strategic roadmap and these additions to our portfolio will further strengthen our global reputation as an industry pioneer and brand of influence.' Commenting on the announcement, Khalid Al Malik, Chief Executive Officer of Dubai Holding Real Estate, said: "Meraas is proud to partner with Jumeirah in shaping the future of luxury living in Dubai. Jumeirah Residences Asora Bay and Jumeirah Residences Emirates Towers are more than just residential addresses; they are meticulously designed lifestyle destinations for the world's most discerning homebuyers and investors. Emulating Meraas' commitment to exceptional urban experiences, these residences combine innovative design, premium amenities, and renowned Jumeirah hospitality, setting a new standard for residential excellence and reinforcing Dubai's leadership in global luxury real estate." As part of its strategy to diversify its portfolio and drive expansion through both acquisitions and hotel management agreements, Jumeirah has segmented its portfolio into four key offerings, rooted in luxury Arabian hospitality: Jumeirah Icons, Jumeirah Privé, Jumeriah Hotels & Resorts, and Jumeirah Residences. Jumeirah Icons currently includes Jumeirah Burj Al Arab and will become a limited-edition collection of iconic addresses that shape the identity of cities, setting new benchmarks in design, prestige and hospitality. The newly established Jumeirah Privé, which features Jumeirah Thanda Island, is a curated, ultra-luxury collection of secluded islands, estates and villas, offering the ultimate privacy and exclusivity paired with the world-class service and amenities of Jumeirah. Jumeirah Hotels & Resorts remains the foundation of the brand, featuring a range of properties in some of the world's most inspirational destinations. The final segment is Jumeirah Residences, which has become an increased focus for the brand, designed to elevate and inspire living well, every day. Jumeirah recently marked its entry into Africa with the introduction of Jumeirah Thanda Island in Tanzania and Jumeirah Thanda Safari in South Africa. Most recently, the brand officially opened the highly anticipated Jumeirah Marsa Al Arab in Dubai — a new lifestyle destination that reflects Jumeirah's vision to create vibrant communities by seamlessly integrating hospitality, residences, and retail. With the upcoming openings of Jumeirah The Red Sea in Saudi Arabia and Jumeirah Le Richemond Geneva in Switzerland, the brand continues to expand its presence in major gateway cities and resort destinations, further strengthening its position as a global leader in luxury hospitality. For more information visit and stay connected on social channels @Jumeirah. For further information, please contact: Media Farah Kurdieh Jumeirah About Jumeirah Jumeirah, a global leader in luxury hospitality and a member of Dubai Holding, operates an exceptional portfolio of 31 properties across 13 countries in the Middle East, Europe, Asia and Africa. In 1999, Jumeirah changed the face of luxury hospitality with the opening of the iconic Jumeirah Burj Al Arab and the brand is now renowned worldwide for its distinguished beachfront resorts, esteemed city hotels and exclusive residences. From the contemporary Maldivian island paradise at Jumeirah Olhahali Island to the art-inspired Jumeirah Capri Palace in Italy and the modern twist on a British classic at Jumeirah Carlton Tower in London, the brand has become synonymous with warm and generous service and the ability to craft distinctive and purposeful experiences that bring joy to guests from across the world. |
FACT
28-04-2025
- Business
- FACT
Jumeirah Asora Bay to elevate Jumeirah's luxury lineup in Dubai
The Emirati hospitality powerhouse is expanding its footprint with three new openings in the region. When it comes to luxury in the UAE, few names carry the same weight as Jumeirah. Fresh from unveiling the spectacular Jumeirah Marsa Al Arab, the homegrown hospitality brand shows no signs of slowing down. It's now gearing up to open Jumeirah Asora Bay, an ultra-exclusive waterfront escape coming to La Mer South. Scheduled to open in 2029, Jumeirah Asora Bay promises an intimate take on luxury. Blending Arabesque architecture with sleek modernity, the resort will feature just 103 rooms and suites, along with 20 private villas — a move that reflects the brand's new focus on creating more boutique-style properties. Guests can expect signature Jumeirah experiences, from indulgent wellness spas and infinity pools to a private members' club and cutting-edge fitness facilities. Rising alongside the hotel, the Jumeirah Residences Asora Bay will offer an elevated residential experience. Situated on a hillside, these residences are designed to offer uninterrupted views of the Arabian Gulf and Dubai's skyline. Expect 29 homes, including four- to six-bedroom apartments, a seven-bedroom penthouse, and six exclusive ocean villas. And that's not all. Jumeirah is also set to launch Jumeirah Residences Emirates Towers, which will add 754 new residences to the city's skyline, complete with padel courts, fitness studios, a private cinema, co-working spaces, and a podium pool terrace. While we're still waiting for the details about the dining concepts coming to Jumeirah Asora Bay, if the brand's past gems — like Jumeirah Marsa Al Arab, Jumeirah Mina A'Salam, Jumeirah Zabeel Saray, and of course, Burj Al Arab — are anything to go by, we're in for a treat. Plus, with the La Mer location, it's safe to expect something spectacular. GO: Visit for more information.
