Latest news with #RealEstateAlliance
Zawya
29-07-2025
- Business
- Zawya
Fakhruddin Properties starts work on 32-storey Dubai residential tower
Sustainability-focused developer Fakhruddin Properties today (July 28) broke ground on its newest residential project, the 32-storey Treppan Tower, located in Jumeirah Village Triangle, Dubai. A flagship Treppan Living branded development, it will be home to 264 contemporary one- and two-bedroom apartments, and limited number of three-bedroom sky villas, units ranging in size from 479 to 2,916-sq ft and occupying 25 residential floors. A further two floors will be dedicated to revolutionary and wellness-focused lifestyle amenities including Zen inspired landscaping, with five podium parking levels, said the developer. This builds on the April establishment of the Real Estate Alliance, a Dubai Land Department (DLD) strategic initiative that brings together a quartet of leading developers, including Fakhruddin Properties, through enhanced collaboration and partnership between public and private sector entities in support of long-term real estate market growth. Speaking at the groundbreaking ceremony, CEO and Managing Partner Yousuf Fakhruddin said: "A next-generation, wellness-centric branded residence designed for the future of urban living, today's Treppan Tower groundbreaking signals the next phase of our commitment to building transformational wellness-integrated communities in Dubai and collectively address carbon footprint reduction goals across our portfolio." "Together with our upcoming duo of luxury residential projects set to bring signature Fakhruddin innovation to future communities within the Dubai Islands cluster, this further strengthens our substantial portfolio to include a growing number of existing and under-development residential destinations," stated Fakhruddin. Tower residents will benefit from AI-enabled smart home automation technology capable of detecting unnecessary lighting or air-conditioning usage, with inbuilt demand-control functionality designed to effectively regulate and manage energy consumption, he noted. "Homeowners and tenants will also breathe easier, thanks to pure indoor air quality levels delivered via our proprietary Smart Air Handling Unit (SAHU) system; and have on-tap access to hydrogenated, ionised, organically mineralised alkaline drinking water," he added. According to him, the Greenhouse Café will be the heart of the community for residents. "Conventional air-conditioning replaced by radiant cooling technology and the run-off water recycled for irrigation use in the onsite hydroponics garden make this place one of a kind," he stated. A refill station for everyday household product essentials will also be located within the café with the goal of reducing/eliminating single use plastics purchase. "To reduce landfill waste by 90%, Fakhruddin Properties will provide residents with color-coded, barcode-enabled bags for easy sorting into wet, dry, and reject bins. The building's system is set up for comprehensive composting and recycling," he added. Copyright 2025 Al Hilal Publishing and Marketing Group Provided by SyndiGate Media Inc. (
Irish Independent
23-06-2025
- Business
- Irish Independent
Roscommon house prices rise yet again amid ‘increasingly low' supply
Amid warnings of 'increasingly low' supply in the county, the average house price now stands at €228,883. According to the latest House Price Report, house prices in Roscommon are up 4.9pc on the previous quarter. Every house type in Roscommon has risen in the past year, with one-bedroom apartments rising 25.4pc to €93,000. Four-bedroom bungalows, meanwhile, stand at €283,000 (up 13.0pc) while five-bedroom detached houses now stand at €278,000 on average (up 7.9pc). Roscommon recorded the third-highest annual increase in house prices, behind County Galway and Galway City, where prices increased by double digits respectively. Separately, the Real Estate Alliance has found that the average three-bed second-hand semi-detached house in County Roscommon has risen to €265,000, up 1.9pc from the previous quarter. In Roscommon town, prices are up 1.6pc to €310,000, In Castlerea house prices are up 2.3pc to an average of €220,000, the Q2 REA Average House Price Index shows. The average time taken to sell a house stands at four weeks. Seamus Carthy of REA Seamus Carthy, a Roscommon town-based auctioneer, said: 'Supply for desired stock is becoming increasingly low in the county, with demand for ready-to-go family homes at the top of the list. 'Supply of older stock and refurbishment projects is improving but difficulty securing tradespeople may be dampening the desire among some, which could counteract the grants benefit of such a property. ADVERTISEMENT 'We are seeing a shift, as landlords begin to bed in again and hold on to property for the long term.' The RED survey found that 70pc of purchasers in County Roscommon were first-time buyers. Meanwhile, 20pc of sales in the county this quarter were attributed to landlords leaving the market. Agents across the count also y reported that the BER ratings of properties saw A-rated properties command 25pc price increases in comparison to comparable C-rated properties.
Irish Independent
23-06-2025
- Business
- Irish Independent
Mayo records notable house price increases amid ‘very low supply'
According to the latest House Price Report, the average house price in Mayo in Q2 of 2025 stood at €234,406. This is 52.3pc higher than pre-Covid prices and 4.1pc higher than the previous quarter. Every house type in Mayo recorded an increase in prices. Most notable was the price of a one-bedroom apartment, which jumped from 23.4pc to €102,000. This comes amid a nationwide annual increase in house prices. County Laois recorded the biggest annual increase, rising 16.6pc to €284,031 while Monaghan rose 2.2 pc to €245,222. Dr Ronan Lyons, author of the House Price Report, said the housing market was 'starved of supply' at present. 'The underlying reason is largely unchanged. There are simply too few homes on the market at the moment,' he said. Today (Monday, June 23) there are 868 properties in Mayo listed for sale on Elsewhere, the Real Estate Alliance (REA) has found that the average price of a second-hand three-bed semi-detached house in Mayo has increased to €265,000. This represents a 8.2pc increase in just three months – the highest increase of any area recorded during that period. According to the Q2 REA Average House Price Index, the average time taken to sell a property has increased by one week to a total of five. 'We are experiencing very low supply, with a total of just seven properties sold in Castlebar in this quarter,' said Robert McGreal of REA McGreal Burke. 'There are eleven properties on market currently with an average of €265,000 as well.' ADVERTISEMENT The survey shows that across the county, 50pc of purchasers were first-time buyers. A 20pc of sales in Mayo this quarter were attributed to landlords leaving the market. Additionally, agents across the county reported that the BER ratings of properties saw A-rated properties command 28pc price increases in comparison to comparable C-rated properties. Castlebar-based auctioneer Kevin Beirne told the Irish Independent that new building regulations were contributing to house price inflation. 'There is such a different now between a modern new home with all the building regulations and the energy efficiency of them, that's why there is such a difference in the price. Building materials and triple-glazed windows and all that are longer lasting,' he said.
