Latest news with #Meydan
Zawya
a day ago
- Business
- Zawya
Saudi: Amwaj launches ultra-luxury development in Meydan
Saudi Arabia - Amwaj Development, a key real estate developer in Dubai, has unveiled its landmark project - Gate Eleven Residences - thus redefining luxury living in Mohammed Bin Rashid (MBR) District 11 at Meydan. This third and most ambitious project marks a new chapter in the company's rapidly expanding portfolio, which is set to deliver over 2.5 million square feet of premium residential space by 2026. Strategically positioned just minutes from Downtown Dubai, the Dubai Mall, and Dubai International Airport, with direct connectivity to Al Ain Road, Gate Eleven is an oasis of refined living amidst the city's vibrant heartbeat, said the developer. Overlooking pristine lagoons and green parklands, it offers both tranquillity and accessibility in one of Dubai's most sought-after residential districts. According to Amwaj, the Gate Eleven features a curated collection of elegant one- and two-bedroom apartments across a low-rise six-floor layout. Designed for both families and individuals, each unit boasts premium finishes, expansive layouts and integrated smart home technology for seamless control of lighting, climate, and security. The project's community-centric design reflects Amwaj's vision for building dynamic, connected neighbourhoods that foster both wellness and social connection. "Gate Eleven represents our most ambitious project to date, and it is a testament to our dedication to meeting the evolving needs of Dubai's growing luxury real estate market," said Emad Saleh, Chairman of Amwaj Development. "We believe this development will provide residents with a truly exceptional lifestyle while also solidifying Amwaj Development as a trusted name in Dubai's real estate market known for delivering quality and value," he stated. With over AED500 million ($136 million) invested in the past two years, Amwaj Development is targeting a milestone of AED1 billion ($272 million) by 2026. The company has three new project launches planned for 2025, reinforcing its commitment to thoughtful expansion and design-led innovation. Its first two developments, Starlight Park and The Cube Residences, achieved record sell-outs with early handovers planned, collectively valued at over AED400 million. "We are thrilled to launch Gate Eleven as a continuation of our vision to elevate the standard of modern living in Dubai," said its CEO Murad Saleh. "Our commitment to quality, sustainability, and innovative design is reflected in every aspect of this project, and we are confident it will set new benchmarks for luxury living in Meydan," he stated. Amwaj Development COO Aida El Shahabi said: "At Amwaj, we aim to create communities that are not just about luxury but about elevating the overall living experience." "Gate Eleven integrates state-of-the-art technology with timeless design to offer residents a smart, convenient, and elegant lifestyle. We are excited to introduce this project as the future of living in Meydan," he stated. As an inaugural offer, Amwaj is offering an investor-friendly and attractive 50/50 payment plan for the project, with 50% due during construction and the remaining 50% on handover, which is scheduled for Q4 2027. With starting prices from AED1.2 million onwards for a one-bedroom unit, Gate Eleven presents a rare opportunity for end-users and investors seeking strong ROI and long-term value in a thriving luxury market, said the developer. Residents of Gate Eleven will benefit from a thoughtfully curated suite of lifestyle and wellness offerings, including an infinity pool, gym, sauna, table tennis, boxing studio, yoga studio, lobby lounge, kids area in addition to restaurant, pharmacy, wellness centre and market, it stated. Amwaj has signed up Zed Capital Real Estate for the project as its exclusive strategic sales and property management partner. Headed by renowned property expert Zeina Khoury, Zed Capital brings deep industry expertise and full-spectrum real estate services ranging from registration and SPA processing to leasing, snagging, handover coordination, and long-term property management. "With a client-first approach and market-leading knowledge, Zed Capital ensures every stage of the buyer journey is managed with precision and care, stated Saleh. "We're proud to have them represent Gate Eleven in the market," he added. Copyright 2024 Al Hilal Publishing and Marketing Group Provided by SyndiGate Media Inc. (
Zawya
4 days ago
- Business
- Zawya
AMWAJ Development unveils Gate Eleven – Dubai's new ultra-luxury living standard in Meydan
DUBAI, UAE – AMWAJ Development, a distinguished name in crafting high-end residential and mixed-use communities in Dubai's real estate landscape, announces the launch of Gate Eleven Residences, a landmark project redefining luxury living in the prestigious Mohammed Bin Rashid (MBR) District 11, Meydan. This third and most ambitious project marks a new chapter in the company's rapidly expanding portfolio, which is set to deliver over 2.5 million square feet of premium residential space by 2026. 'Gate Eleven represents our most ambitious project to date, and it is a testament to our dedication to meeting the evolving needs of Dubai's growing luxury real estate market,' said Emad Saleh, Chairman of AMWAJ Development. 'We believe this development will provide residents with a truly exceptional lifestyle while also solidifying AMWAJ Development as a trusted name in Dubai's real estate market known for delivering quality and value' Strategically positioned just minutes from Downtown Dubai, the Dubai Mall, and Dubai International Airport, with direct connectivity to Al Ain Road, Gate Eleven is an oasis of refined living amidst the city's vibrant heartbeat. Overlooking pristine lagoons and green parklands, it offers both tranquillity and accessibility in one of Dubai's most sought-after residential districts. Strategic growth & vision With over AED 500 million invested in the past two years, AMWAJ Development is targeting a milestone of AED 1 billion by 2026. The company has three new project launches planned for 2025, reinforcing its commitment to thoughtful expansion and design-led innovation. Its first two developments, Starlight Park and The Cube Residences, achieved record sell-outs with early handovers planned, collectively valued at over AED 400 million. 'We are thrilled to launch Gate Eleven as a continuation of our vision to elevate the standard of modern living in Dubai,' said Murad Saleh, CEO of AMWAJ Development. 'Our commitment to quality, sustainability, and innovative design is reflected in every aspect of this project, and we are confident it will set new benchmarks for luxury living in Meydan.' A new benchmark in smart, sophisticated living Gate Eleven features a curated collection of elegant one- and two-bedroom apartments across a low-rise six-floor layout. Designed for both families and individuals, each unit boasts premium finishes, expansive layouts, and integrated smart home technology for seamless control of lighting, climate, and security. The project's community-centric design reflects AMWAJ's vision for building dynamic, connected neighbourhoods that foster both wellness and social connection. 'At AMWAJ, we aim to create communities that are not just about luxury but about elevating the overall living experience,' said Aida El Shahabi, COO of AMWAJ Development. 'Gate Eleven integrates state-of-the-art technology with timeless design to offer residents a smart, convenient, and elegant lifestyle. We are excited to introduce this project as the future of living in Meydan.' World-class amenities Residents of Gate Eleven will benefit from a thoughtfully curated suite of lifestyle and wellness offerings, including: Amenities: Infinity pool, gym, sauna, table tennis, boxing studio, gaming room, boho garden, yoga studio, lobby lounge, kids area and kids art studio, and pool table. Retail amenities: Restaurant, pharmacy, café, market, nail studio, barber shop, wellness centre, pet shop. Powered by strategic partnership – Zed Capital Real Estate AMWAJ has partnered with Zed Capital Real Estate as its exclusive strategic sales and property management partner. Headed by renowned property expert Zeina Khoury, Zed Capital brings deep industry expertise and full-spectrum real estate services ranging from registration and SPA processing to leasing, snagging, handover coordination, and long-term property management. 'With a client-first approach and market-leading knowledge, Zed Capital ensures every stage of the buyer journey is managed with precision and care. We're proud to have them represent Gate Eleven in the market,' added Murad Saleh. A prime investment opportunity AMWAJ is offering an investor-friendly and attractive 50/50 payment plan, with 50% due during construction and the remaining 50% on handover, scheduled for Q4 2027. With starting prices from AED 1.2 million for a one-bedroom unit, Gate Eleven presents a rare opportunity for end-users and investors seeking strong ROI and long-term value in a thriving luxury market. The time to invest is now With Dubai's real estate market continuing its healthy upward trajectory, and property values expected to potentially double in the coming years, Gate Eleven stands out for its location, quality, and long-term appreciation potential. Compared to global markets like New York, London, and Singapore, Dubai offers greater room for appreciation, making it a highly attractive destination and the ideal time to invest. ABOUT AMWAJ DEVELOPMENT AMWAJ Development is a fast-growing real estate developer in the United Arab Emirates. Its founders and management team have over 27 years of international experience in Europe and the Middle East. AMWAJ Development focuses on the construction and sale of residential and commercial projects with a commitment to deliver luxurious, contemporary family-centric living spaces in Dubai's most popular neighbourhoods. AMWAJ Properties focuses on the development and sale of residential and commercial properties committed to delivering high-quality, green spaces and innovative real estate solution in Dubai. AMWAJ Living Solutions offers after-sales services to maintain and enhance the living experience through several bespoke services including interior design and apartment customisation. AMWAJ Facilities Management ensures the optimum operation and care for the community including building and facilities maintenance, hygiene, landscaping, security, and utilities management. AMWAJ Development's mission is to redefine Dubai's luxury mid-market residential segment by delivering innovative and eco-friendly communities that set new standards for living excellence. The company is committed to creating landmark projects that offer luxurious, contemporary residences with high-quality finishing and smart technologies. Through its developments, it aims to create a cosmopolitan community that thrives on community spirit and environmental friendliness, adding significant value to the living experience and the property for both residents and outsiders. Since 1997, its founders have been at the forefront of design and construction, having delivered residential and commercial properties across Europe and the Middle East. Its success and legacy is in the artistry of its craft to deliver unparalleled quality and innovation. As it steps into Dubai's growing real estate market, its journey continues and is marked by a dedication to shaping a future that respects the environment, offers meticulously designed living experiences, and enhances the overall communities where it develops.
Zawya
6 days ago
- Business
- Zawya
Binghatti acquires mega plot earmarked for an AED25bln landmark residential community
Land with 8 million square feet of gross floor area acquired for a master plan project, the first for the developer of Bugatti Residences, Mercedes-Benz Places and Burj Binghatti Jacob and Co. Residences Dubai, UAE – Binghatti Holding Ltd., the Dubai-based real estate developer behind iconic luxury branded residences, has announced that it has acquired freehold land with over 8 million square feet of gross floor area with an anticipated total development value of over AED 25 billion. The land is set to be used for what would be the company's first large-scale master-planned residential community in the Emirate. Located in Nad Al Sheba 1 in the heart of Dubai's sought-after Meydan district, the land has been set aside for a groundbreaking development designed to deliver a refined and tranquil lifestyle. The area has been long associated with equestrian excellence and home to the original Nad Al Sheba Racecourse, the former venue of the iconic Dubai World Cup. With seamless connectivity to major roads and proximity to Dubai's key landmarks, the planned community will offer both convenience and exclusivity. Commenting on the announcement, Chairman of Binghatti Holding Ltd., Muhammad BinGhatti said: 'The acquisition of a mega plot for what is expected be our first master-planned development marks a pivotal moment in Binghatti's growth journey. The planned new mega project would build on the strong momentum of our vertically integrated model, which has consistently enabled us to deliver distinctive, high-quality properties ahead of schedule. Our solid financial foundation has allowed us to self-fund the acquisition of the land for what is expected to be a transformative project that will set a new benchmark for integrated living in Dubai.' Binghatti currently has around 20,000 units under development across about 30 projects in prime residential areas across Dubai, including Downtown, Business Bay, Jumeirah Village Circle, Al Jaddaf, Dubai Science Park, Dubai Production City and Sports City. Binghatti's flagship properties are branded residences built in collaboration with Bugatti, Mercedes-Benz, and Jacob & Co. and have attracted celebrity clients including football star Neymar Junior and the opera star Andrea Bocelli. About Binghatti Holding Ltd.: Binghatti Holding Ltd. is a renowned Emirati brand in the real estate development sector, holding a leading position with a portfolio exceeding 80 projects valued at over AED 50 billion. Binghatti Holding is led by Chairman Muhammad BinGhatti, whose innovative vision aims to deliver luxurious projects that reflect refined artistic taste and high standards in design and quality. Binghatti Holding has successfully delivered over 11,000 residential units in the past 16 months, achieving remarkable milestones in collaboration with global brands such as Bugatti, Mercedes-Benz, and Jacob & Co. Binghatti Holding continues to expand its real estate portfolio to meet the growing market demands, focusing on delivering residential projects that elevate the level of luxury in Dubai.
Gulf Business
6 days ago
- Business
- Gulf Business
Binghatti acquires mega plot for Dhs25bn master planned community in Dubai
Image: Supplied The anticipated value of the development exceeds Dhs25bn($6.8bn), positioning it among the largest single-site residential projects in the emirate. The land is located in Nad Al Sheba 1, within Dubai's Meydan district, an area historically linked with equestrian heritage and the former Nad Al Sheba Racecourse. 'The acquisition of a mega plot for what is expected to be our first master-planned development marks a pivotal moment in Binghatti's growth journey,' said Muhammad BinGhatti, chairman of Binghatti Holding. 'The planned new mega project would build on the strong momentum of our vertically integrated model, which has consistently enabled us to deliver distinctive, high-quality properties ahead of schedule. Our solid financial foundation has allowed us to self-fund the acquisition of the land for what is expected to be a transformative project that will set a new benchmark for integrated living in Dubai.' The future development is expected to offer a 'refined and tranquil' lifestyle, with the company citing its central location and access to major roadways and key landmarks as core to its appeal. A key milestone for Binghatti The move marks a significant shift for Binghatti, which until now has been focused on high-rise branded residences, including the Bugatti Residences, Binghatti has also attracted high-profile clientele, including football star Neymar Junior and opera legend Andrea Bocelli. Led by Muhammad BinGhatti, Binghatti Holding manages a portfolio of over 80 projects valued at more than Dhs50bn. In the past 16 months, the company has delivered more than 11,000 residential units, underscoring its rapid growth trajectory and market presence.
Trade Arabia
6 days ago
- Business
- Trade Arabia
Binghatti buys mega plot for $6.8bn residential community project
Binghatti Holding, a leading UAE-based real estate developer behind iconic luxury branded residences, has announced that it has acquired freehold plot of land in the heart of Dubai's sought-after Meydan district to develop a residential community valued at more than AED 25 billion ($6.8 billion). The land spans more than 8 million square feet of gross floor area and marks the company's first master-planned community project. Located in Nad Al Sheba 1, the land has been set aside for a groundbreaking development designed to deliver a refined and tranquil lifestyle. The area has been long associated with equestrian excellence and home to the original Nad Al Sheba Racecourse, the former venue of the iconic Dubai World Cup, said Binghatti Holding in a statement. With seamless connectivity to major roads and proximity to Dubai's key landmarks, the planned community will offer both convenience and exclusivity, it added. On the strategic move, Chairman Muhammad BinGhatti said: "The acquisition of a mega plot for what is expected to be our first master-planned development marks a pivotal moment in Binghatti's growth journey. The planned new mega project would build on the strong momentum of our vertically integrated model, which has consistently enabled us to deliver distinctive, high-quality properties ahead of schedule." "Our solid financial foundation has allowed us to self-fund the acquisition of the land for what is expected to be a transformative project that will set a new benchmark for integrated living in Dubai," he stated. Binghatti currently has around 20,000 units under development across about 30 projects in prime residential areas across Dubai, including Downtown, Business Bay, Jumeirah Village Circle, Al Jaddaf, Dubai Science Park, Dubai Production City and Sports City.
