Latest news with #PalmJebelAli
The National
18-05-2025
- Politics
- The National
US President Donald Trump reflects on UAE trip
In a video that opens with Air Force One flying over Palm Jebel Ali, Mr Trump shares highlights, including his meeting with 'magnificent' President Sheikh Mohamed
Zawya
12-05-2025
- Business
- Zawya
Wellington Developments report: Dubai's beachfront projects: A destination for the wealthy and HNWIs
Syed Reza: Palm Jebel Ali Offers Golden Investment Opportunities Two Property Sales Exceeding AED 100 Million Recorded Dubai, United Arab Emirates – Dubai's real estate market has witnessed significant growth in the early months of 2025, driven by a strong demand for properties particularly in beachfront areas that offer high rental returns and attract both investors and tourists. Meanwhile, non-beachfront areas provide more varied price options, making them suitable for a broader range of investors. Beachfront destinations in Dubai play a vital role in driving real estate development through key pillars such as increasing property values, attracting foreign investors, boosting tourism, stimulating the local economy, and raising demand in the rental market. According to Wellington Developments' latest report, beachfront projects captured a major share of the total market sales value in 2024 and early 2025. Palm Jebel Ali topped the list of best-selling areas from January to April end, with over AED 11.3 billion in transactions. Palm Jumeirah followed with AED 5.87 billion, while Dubai Maritime City exceeded AED 5.2 billion, Dubai Marina recorded AED 4.93 billion, and Dubai Islands achieved AED 4.86 billion. The report also noted that other beachfront developments ranked among the top-performing areas in recent months, including Dubai Marina with about AED 4.2 billion in sales, Dubai Water Canal with AED 1.35 billion, and Dubai Harbour, which neared AED 1.34 billion. Jumeirah Beach Residence and Jumeirah Bay also recorded sales approaching AED 1 billion each. Commenting on the report, Syed Reza, General Manager of Wellington Developments, stated: 'Waterfront real estate developments are among the strongest Attractors for both resident and non-resident investors, especially from Europe, Russia, and Asia, who are looking for a luxurious lifestyle. These properties also tend to yield higher medium- and long-term investment returns inland alternatives, consistently achieve high occupancy rates- particularly during peak tourist seasons- making them especially appealing to investors seeking reliable rental income'. Reza added: 'Palm Jebel Ali has recently emerged as one of Dubai's most prominent investment destinations, with robust sales exceeding AED 11 billion in the first four months of 2025. It now leads the real estate sector thanks to the golden investment opportunities it offers and the luxury lifestyle it creates'. High Returns For example, Dubai Islands offer strong returns, with annual rental yields ranging between 5% to 7% for long-term leases and between 7% and 10% for short-term rentals making them a preferred destination for investors seeking solid cash flow. Dubai's luxury real estate market has also flourished, with property prices in key areas such as Palm Jumeirah increasing by 20% year-on-year. Reza continued: 'Beachfront developments integrate seamlessly with the hospitality sector, luxury hotels, fine dining, and entertainment, making them a hub for real estate tourism. Visitors often transition from short-term stays to homeownership or business setup, which in turn boosts other economic and social sectors creating jobs in construction, services, hospitality, and retail, and increasing consumer spending in surrounding communities'. The Dubai real estate market saw a major increase in total transactions during Q1 2025, rising by 23% as compared to the same period last year reflecting strong demand for residential properties in the emirate. Home prices also increased by 8% to 11%. Price Comparison When comparing beachfront and non-beachfront areas, locations such as Palm Jumeirah and Dubai Marina command higher average prices. The average property price in Dubai is around AED 2.5 million, with expectations of an 8% increase in 2025. On the other hand, areas like Jumeirah Village Circle offer more affordable options, with an average apartment price of approximately AED 689,000 making it ideal for investors with limited budgets. Internal Operations Regarding Wellington Developments' internal strategy, Syed Reza said: 'At Wellington Developments, we prioritize quality over quantity in every aspect of our real estate projects. Our commitment is to deliver premium products to our clients and partners, with special specifications in terms of finishes, facilities, and location. Our diverse portfolio spans landmark developments in Palm Jumeirah, Dubai Islands, Dubai Hills, and beyond. Currently, we are developing an exclusive AED 400 million residential compound in Meydan, further reinforcing our reputation for excellence. -Ends- About Wellington Developments At Wellington Developments, we are reshaping the future of real estate in the UAE by combining innovation, luxury, and sustainability. Based in the heart of Dubai, we specialize in developing iconic residential communities and premium properties tailored to modern lifestyles and global standards. What We Offer: From stunning residential units to high-return investment opportunities, our projects are crafted with meticulous attention to detail and a strong commitment to quality. We aim to create thriving environments where families grow, businesses expand, and investors succeed. Our Mission: To redefine real estate development by delivering exceptional projects that exceed expectations, foster community growth, and contribute to a sustainable future. Why Choose Wellington Developments? We provide innovative designs that incorporate cutting-edge architecture and smart technology to ensure a seamless living experience. We prioritize sustainability by adopting eco-friendly practices and energy-efficient solutions to reduce environmental impact. Our developments offer tailored investment opportunities for both first-time investors and seasoned buyers, with competitive returns and prime locations that ensure convenience, accessibility, and breathtaking views. Who We Serve: We proudly serve a diverse clientele—from local residents searching for their dream home to global investors seeking lucrative opportunities in Dubai's flourishing real estate market. Our Vision: To become a global leader in real estate development by setting new standards in innovation, quality, and sustainability. For inquiries and more information, please contact Wellington Developments at: Website:
Zawya
17-04-2025
- Business
- Zawya
Azizi announces sale of 75% units at Jafza residential tower
UAE-based Azizi Developments has announced that it has achieved a key milestone with the sale of 75% of the released units at its recently launched residential tower - Azizi Arian - in Jebel Ali Free Zone (Jafza). As one of the few freehold residential properties in the area, the project offers investors the opportunity to own a home in the heart of one of the world's largest free zones and the region's biggest port, with seamless access to key destinations in the city, stated the developer. The development features a range of studios, one-, two-, and three-bedroom apartments that blend contemporary exteriors with modern interiors tailored to today's discerning homeowners. Azizi Arian also boasts community-focused amenities, such as a cinema, clubhouse, swimming pools, a fully equipped gym, a dedicated children's play area, and ample parking - all aimed at creating an engaging and enriching environment, said the Dubai group. Among the 52 represented nationalities, Emiratis account for the largest share at 23%. Investors from Western and European countries - namely the UK, US, Italy and Germany - comprise 30%, while those from South Asia, notably India and Pakistan, make up 15%. Buyers from the GCC and Mena including Tunisia, Egypt, and Lebanon represent 7%, while the rest are distributed amongst the other nationalities, thus reflecting Azizi Arian's broad appeal to a global clientele, it stated. Founder and Chairman Mirwais Azizi said: "We are thrilled with the outstanding sales performance of Azizi Arian, with 75% of the released units sold within just a few months of its launch. This success demonstrates the strong demand for well-connected, thoughtfully designed homes and the continued trust our investors and end users place in us." "Situated in Jebel Ali Free Zone, Azizi Arian embodies our commitment to developing lifestyle-oriented communities in key growth corridors. We now look forward to progressing with its timely construction while upholding our high quality standards," he stated. Located next to Jebel Ali Metro Station and Sheikh Zayed Road, the property offers residents proximity to hotspots such as the Palm Jebel Ali, numerous resorts and beaches, Dubai Marina and JBR, Expo City Dubai, and other prime leisure and business hubs, all within a 20-minute drive.- TradeArabia News Service Copyright 2024 Al Hilal Publishing and Marketing Group Provided by SyndiGate Media Inc. (
Mid East Info
16-04-2025
- Business
- Mid East Info
Azizi Developments reaches 75% sales milestone for Azizi Arian in JAFZA - Middle East Business News and Information
Azizi Developments, a leading private developer in the UAE, has announced that 75% of the released units at Azizi Arian—its recently launched residential tower in Jebel Ali Free Zone (JAFZA), the UAE's flagship integrated business hub—have been sold. As one of the few freehold residential properties in the area, the project offers investors the opportunity to own a home in the heart of one of the world's largest free zones and the region's biggest port, with seamless access to key destinations in the city. The development features a range of studio, one-, two-, and three-bedroom apartments that blend contemporary exteriors with modern interiors tailored to today's discerning homeowners. Azizi Arian also boasts community-focused amenities, such as a cinema, clubhouse, swimming pools, a fully equipped gym, a dedicated children's play area, and ample parking —all aimed at creating an engaging and enriching environment. Among the 52 represented nationalities, Emiratis account for the largest share at 23%. Investors from Western and European countries—namely the United Kingdom, United States, Italy, and Germany—comprise 30%, while those from South Asia, notably India and Pakistan, make up 15%. Buyers from the GCC and MENA, including Tunisia, Egypt, and Lebanon, represent 7%, while the rest are distributed amongst the other nationalities, thus reflecting Azizi Arian's broad appeal to a global clientele. Mr. Mirwais Azizi, Founder and Chairman of Azizi Developments, said: 'We are thrilled with the outstanding sales performance of Azizi Arian, with 75% of the released units sold within just a few months of its launch. This success demonstrates the strong demand for well-connected, thoughtfully designed homes and the continued trust our investors and end users place in us. Situated in Jebel Ali Free Zone, Azizi Arian embodies our commitment to developing lifestyle-oriented communities in key growth corridors. We now look forward to progressing with its timely construction while upholding our high quality standards.' Located next to Jebel Ali Metro Station and Sheikh Zayed Road, the property offers residents proximity to hotspots such as the Palm Jebel Ali, numerous resorts and beaches, Dubai Marina and JBR, Expo City Dubai, and other prime leisure and business hubs, all within a 20-minute drive. Azizi Developments' Sales Gallery can be visited on the 13th floor of the Conrad Hotel on Sheikh Zayed Road. About Azizi Developments: Azizi Developments is a leading developer based in Dubai, UAE. With more than 40,000 homes successfully delivered to local and international investors and end users of over 100 nationalities, the developer prides itself on its extensive portfolio of modern luxury developments across Dubai's most sought-after residential and commercial destinations, its construction-driven approach, and its commitment to transparency and customer centricity. Azizi's residential and commercial properties are investor friendly, catering to all lifestyles. The developer makes it its international mission to develop lifestyles and enrich the lives of its residents with a focus on catalyzing the vision and development of the markets that it operates in. Azizi currently has around 150,000 units under construction, valued at several tens of billions of US dollars. The company is renowned for developing the world's second tallest skyscraper and an AED 2.5 billion opera, which is its gift to the city, as part of its cultural district at Azizi Venice. Azizi has a strong track record and sizeable project pipeline through its extensive land bank and strategic partnerships with Dubai's key master developers and is instrumental in developing world-class properties in MBR City, Palm Jumeirah, Sheikh Zayed Road, Dubai Healthcare City, Dubai South, City of Arabia, Al Furjan, Studio City, Sports City and Downtown Jebel Ali.
Al Bawaba
16-04-2025
- Business
- Al Bawaba
Azizi Developments reaches 75% sales milestone for Azizi Arian in JAFZA
Azizi Developments, a leading private developer in the UAE, has announced that 75% of the released units at Azizi Arian—its recently launched residential tower in Jebel Ali Free Zone (JAFZA), the UAE's flagship integrated business hub—have been sold. As one of the few freehold residential properties in the area, the project offers investors the opportunity to own a home in the heart of one of the world's largest free zones and the region's biggest port, with seamless access to key destinations in the development features a range of studio, one-, two-, and three-bedroom apartments that blend contemporary exteriors with modern interiors tailored to today's discerning homeowners. Azizi Arian also boasts community-focused amenities, such as a cinema, clubhouse, swimming pools, a fully equipped gym, a dedicated children's play area, and ample parking —all aimed at creating an engaging and enriching environment. Among the 52 represented nationalities, Emiratis account for the largest share at 23%. Investors from Western and European countries—namely the United Kingdom, United States, Italy, and Germany—comprise 30%, while those from South Asia, notably India and Pakistan, make up 15%. Buyers from the GCC and MENA, including Tunisia, Egypt, and Lebanon, represent 7%, while the rest are distributed amongst the other nationalities, thus reflecting Azizi Arian's broad appeal to a global clientele. Mr. Mirwais Azizi, Founder and Chairman of Azizi Developments, said: 'We are thrilled with the outstanding sales performance of Azizi Arian, with 75% of the released units sold within just a few months of its launch. This success demonstrates the strong demand for well-connected, thoughtfully designed homes and the continued trust our investors and end users place in us. Situated in Jebel Ali Free Zone, Azizi Arian embodies our commitment to developing lifestyle-oriented communities in key growth corridors. We now look forward to progressing with its timely construction while upholding our high quality standards.'Located next to Jebel Ali Metro Station and Sheikh Zayed Road, the property offers residents proximity to hotspots such as the Palm Jebel Ali, numerous resorts and beaches, Dubai Marina and JBR, Expo City Dubai, and other prime leisure and business hubs, all within a 20-minute drive. Azizi Developments' Sales Gallery can be visited on the 13th floor of the Conrad Hotel on Sheikh Zayed Road.
