Latest news with #luxuryliving
Zawya
a day ago
- Business
- Zawya
AARK Developers launches Aark Terraces, a landmark residential project in Dubailand
Other options: AARK Developers Unveils Aark Terraces in Dubailand, Elevating Urban Living Standards in Dubai Dubai's Dubailand Welcomes Aark Terraces as Next Flagship Residential Destination AARK Developers Launches Aark Terraces in Dubailand, Where Design Meets Tranquility Introducing Aark Terraces: Residential Masterpiece Redefining Urban Luxury in Dubailand AARK Developers has unveiled Aark Terraces, a landmark residential development in the heart of Dubailand, setting a new standard for refined urban living in one of Dubai's most rapidly evolving districts. Designed to cater to discerning residents and yield-focused investors alike, the launch signals the developer's most ambitious project to date and a strategic expansion into one of the city's highest-performing corridors. Aark Terraces features a curated collection of one- and two-bedroom residences, each thoughtfully designed to balance contemporary elegance with functionality. Select units include private jacuzzis, while all residents enjoy exclusive access to a rooftop lounge, a state-of-the-art fitness centre, lush landscaped walkways, and secure underground parking, all within a gated, community-centric enclave. Strategically positioned at the centre of connectivity, Aark Terraces offers direct access to key destinations including Downtown Dubai, Dubai Marina, the Mall of the Emirates, and the city's primary highways. Its location in Dubailand, which recorded AED 26.2 billion in off-plan transactions last year, makes it a magnet for affluent families and investors. Gross rental yields in the area have climbed to 6.7 percent, outperforming several legacy districts and solidifying Dubailand's status as a high-return investment destination. "Aark Terraces is more than a development; it is a statement of our enduring philosophy," said Mr. Rahul Kumar Gupta, Chairman of AARK Developers. "At Aark, we believe in transforming everyday living into extraordinary experiences, and Aark Terraces reflects that promise—offering tranquil design, thoughtful amenities, and accessible luxury right in the heart of Dubailand. As the city evolves into a lifestyle destination, Aark Terraces aligns seamlessly with our vision of creating resort-style homes that balance serenity, sophistication, and urban convenience." Set against the backdrop of Dubai's record-breaking AED 761 billion in real estate transactions in 2024, the launch comes at a time of unprecedented investor confidence. With a surge of new schools, healthcare centres, retail destinations, and leisure attractions being developed in Dubailand, the district is rapidly becoming a self-contained urban ecosystem. Construction of Aark Terraces is already in progress under the supervision of globally acclaimed consultants to ensure timely delivery and impeccable quality. The project is the first in a pipeline of upscale developments planned by AARK Developers as it accelerates its expansion across Dubai's most sought-after neighborhoods. With its combination of visionary design, premium amenities, and long-term investment value, Aark Terraces is poised to become a defining address in Dubai's new era of urban luxury.
Zawya
a day ago
- Business
- Zawya
Orascom Development brings El Gouna's Red Sea Lifestyle to the UAE with Fanadir Shores and North Bay launches
Dubai, UAE – Orascom Development, a global leader in creating vibrant, integrated destinations across Europe, the Middle East, and North Africa, shone a spotlight on El Gouna, its stunning coastal town on Egypt's Red Sea, at a recent visit to the UAE. During the trip, El Gouna introduced its latest waterfront real estate projects, Fanadir Shores and North Bay, featuring private luxury living, at an exclusive evening reception ahead of the 4th Annual Private Wealth Middle East Forum, where the town was a Platinum Sponsor. With an exclusive offering of just 57 units, Fanadir Shores provides privacy with direct access to the shores of the Red Sea with a private open lagoon for boats, while North Bay features more spacious living offerings, bringing effortless marina living to life. Delivery of units is set in two years' time. Contributing to El Gouna's reputation as a vibrant, integrated town offering a cosmopolitan lifestyle, Fanadir Shores, its latest project, is designed to elevate the town's premium residential offerings. The new development delivers on Orascom Development's promise of 'life as it should be' and caters to the evolving needs of its growing community. Located on El Gouna's most premium shoreline adjacent to the 80-berth Fanadir Marina, next to the prestigious La Maison Bleu Boutique Hotel, Fanadir Shores offers a fresh take on seafront living. The development features seven buildings with spacious 2- to 4- bedroom apartments, averaging 220 sqm, featuring ocean views and designed for sustainable and luxury living. For those looking for more spacious living, North Bay is the town's latest neighborhood with their newly launched phase ' Highland', primely located with open-to-sea lagoons and private boat docks for. The development offers a variety of single-family standalone villas, duplexes and penthouses with iconic design by the world-renowned architect Victor Legorreta, and prices starting at $1.8M for standalone units with a BUA of 245 sqm, going up to $3.2M for units with a BUA of 390 sqm. This project is exclusively launching 'The Pavilion', a thoughtfully designed public space in North Bay encouraging events and community gatherings, designed for community-centric living. Over the past 35-plus years, Orascom Development has grown into a leading multinational developer of prime destinations across Europe, the Middle East, and North Africa. At the reception, the Group highlighted its unique approach to placemaking and its ambition to create destinations where people can live, work, stay and play with passion and purpose, offering curated experiences spanning residential properties, hospitality, commercial ventures, education and healthcare. At the events, investors, partners, and thought leaders in the region were treated to an immersive experience that brought El Gouna to Dubai through a visually compelling Virtual Reality (VR) experience. Omar El Hamamsy, Orascom Development Group CEO, said: 'Orascom Development's longstanding track record and multinational portfolio reinforce our position as a trusted developer in the region, continuously meeting evolving customer needs and global trends. As regional investors increasingly seek diversification opportunities with both lifestyle attributes and strong returns, El Gouna by Orascom Development offers a compelling blueprint for the future of destination investment – with its multicultural community of residents from more than 50 nationalities, a USD-denominated investment scheme that provides currency stability, and a comprehensive ecosystem of amenities including four world-class marinas, international education and healthcare facilities. We have pioneered a model where sustainable design principles and community programming help to drive consistent value appreciation, creating a unique proposition where financial returns and personal fulfillment go hand in hand.' Mohamed Amer, CEO of El Gouna by Orascom Development, commented: 'There's been a surge of interest in integrated coastal living, and we're pleased to see the UAE community embracing the lifestyle concept we've helped define over decades. El Gouna by Orascom Development is a proven, award-winning town with more than 35 years of legacy and success, home to a thriving international community and a model for destination development. Fanadir Shores and North Bay mark the next chapter in that legacy, bringing our distinct blend of lifestyle, sustainability, and unique architecture to live by the beautiful Red Sea.' Combining elevated design, serviced infrastructure, and a range of resort-style amenities, El Gouna delivered 371 units in 2024 and plans to deliver 410 units in 2025. This contributed to consistently strong financial performance. The Group achieved real estate sales of USD 905 million (AED 3.32 billion), increasing by 16.1% for the year 2024, including USD 274 million from El Gouna (AED 1.01 billion), an increase of 11.6% from the previous year. This growth reflects Orascom Development's ongoing journey to build thriving, integrated, and sustainable communities, where people are empowered, and the environment is respected for future generations. About El Gouna El Gouna, the fully integrated town by Orascom Development, has been the most prominent destination nestled on the Red Sea on an area of 36.9 million square meters for more than 35 years. The town encompasses 9,200 delivered residential units, 18 hotels with 2,800 rooms, schools offering various international curricula including Swiss and British certifications, an international hospital, start-up workspace facility, four marinas, two world-class golf courses, an Egyptian Premier League football club, a culture & conference center, and an array of services. Each of El Gouna's hotels is characterized by unique architectural charm. From the Upper Nubian flair of Steigenberger to the Asian-inspired design of The Chedi, which is part of The Leading Hotels of the World portfolio, and Casa Cook's down-to-earth yet stylish aesthetic, there's a hotel for every taste. The interior design across these hotels is sleek and understated, prioritizing maximum comfort. Dining in El Gouna is a culinary delight, with impeccable options featuring flavors from locally sourced ingredients, including supplies from El Gouna's own farm. The town also offers a curated selection of spas, blending oriental and far eastern treatments for a holistic relaxation experience. With a population of more than 25,000 residents of 50+ nationalities, El Gouna is only 30 minutes from Hurghada International Airport, which is only a four-hour flight from Europe's major capitals. About Orascom Development Orascom Development Holding is a leading international developer specializing in vibrant, integrated communities in Europe, the Middle East, and North Africa. For more than 35 years, Orascom Development has been a pioneer in creating destinations where people are inspired to live, work, and play with passion and purpose. From El Gouna's stunning Egyptian coastal town by the Red Sea to Andermatt Swiss Alps' breath-taking, year-round mountain destination, each master-planned community is a testament to Orascom Development's commitment to place-making at its finest. The integrated towns harmoniously combine residential areas with private villas and apartments, hotels, and award-winning leisure and commercial amenities – including golf courses, marinas, sports facilities, retail shops and restaurants. Orascom Development owns a land bank of more than 100 million square meters with nearly 43% developed into thriving communities in Egypt (El Gouna, Makadi Heights, O West, Taba Heights, and Byoum), in the GCC (Jebel Sifah and Hawana Salalah in Oman), and in Europe (Andermatt Swiss Alps in Switzerland, Luštica Bay in Montenegro and West Carclaze Garden Village in the UK). Orascom Development's hospitality portfolio includes 34 premium and luxury hotels with more than 7,000 rooms across Europe, the Middle East, and North Africa. ODH shares are listed on the SIX Swiss Exchange.
Zawya
a day ago
- Business
- Zawya
Acube Developments breaks ground on Vega in Dubai Sports City, its third landmark project in the emirate
Residents will enjoy over 35 premium amenities, including a sky pool, open-air cinema, and wellness spaces, for a nature-inspired lifestyle With 95% of units sold and handover slated for Q2 2027, Vega's strong demand cements Acube's status as a leading UAE developer Dubai, UAE: Acube Developments has officially broken ground on Vega, its third landmark project in Dubai, reinforcing its reputation as a visionary force in the UAE real estate sector. With 95% of units already sold, Vega has drawn strong demand from homebuyers and investors alike. Scheduled for handover in Q2 2027, the project marks another milestone in Acube's mission to reshape urban living in the country. The company is set to launch 10 new projects over the next two years, including landmark developments along Sheikh Zayed Road. Inspired by Vega – the brightest star in the Northern constellation of Lyra – the new 23-floor tower will feature 129 luxurious studios, one-, two-, and three-bedroom residences, each thoughtfully designed to blend comfort, style, and functionality. Residents will enjoy more than 35 amenities, including a sky pool, open-air cinema, waterfall, wellness spaces, pickleball court, gaming lounge, and smart home technology, all perfectly integrated to offer a nature inspired living experience in the heart of Dubai. As Acube Developments continues to expand its portfolio, the company has now achieved full backward integration through its subsidiary Acube Industries, which manufactures interiors including woodwork, joinery, interior design, and fit-out. This strategic integration ensures unmatched quality and efficiency in project delivery, positioning Acube as a key player in Dubai's real estate sector. "Breaking ground on Vega marks the realisation of a vision inspired by Dubai's relentless pursuit of innovation and excellence," said Ramjee Iyer, Chairman & Managing Director of Acube Developments. "This is a city that constantly rethinks what's possible, and Vega embodies that spirit – seamlessly blending nature with modern luxury to create a living experience unlike any other. As we move forward, our commitment remains to create spaces that enhance lifestyles and contribute to the exciting future of the emirate." With construction progressing rapidly and sales momentum at an all-time high, Vega is on track to becoming a defining architectural icon in Dubai Sports City. About Acube Developments Acube Developments is a rapidly expanding real estate development company with significant presence in Dubai. It is committed to creating future design projects with a range of innovative construction and development solutions for residential and commercial properties. With a deep understanding of the Dubai real estate market, Acube Developments helps investors accelerate their projects by ensuring their success from the start. Acube Developments aims to develop and sell 1 million square feet by the end of 2025, and with Vega will bring its total developments to approximately 550,000 square feet since September 2023. The company continues its land acquisition efforts across Dubai to accelerate its plans for additional residential launches by 2026.
Zawya
a day 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.
Emirates 24/7
2 days ago
- Business
- Emirates 24/7
Citi Developers Launches ARYA — A Neo-Luxury Landmark at Dubai Islands Waterfront
Located in the heart of the Dubai Islands waterfront , ARYA blends tranquil marina views with skyline sophistication. From its bold design language to wellness-first philosophy, ARYA is more than a home — it's a fully curated lifestyle experience. A New Era of Refined Living ARYA was designed for those who seek substance over spectacle — individuals who value emotional design, intentional detail, and elevated daily rituals. A triple-height entrance lobby makes a powerful first impression, setting the tone with immersive visual storytelling. The gallery-style lobby features original commissioned artwork by world-renowned artist Alec Monopoly , anchoring the space in creativity and cultural relevance. A dedicated floor for wellness and leisure includes a Roman bath, yoga studio, hammam, sauna, steam room, infinity pool, gym, private cinema, and kids' area. The rooftop escape redefines serenity with panoramic infinity pools, a sunken pool bar, sculpted cabanas, and elegant chaise lounges. Every element — from the hand-selected finishes to custom furnishings — has been chosen with intention, creating a living environment that speaks in the language of style, comfort, and character . Designed Around What Matters Neo-Luxury ARYA reflects Citi Developers' signature approach to contemporary elegance — quiet, curated, and emotionally resonant. Creativity & Innovation From original art commissions to integrated lifestyle tech, ARYA is a living canvas of elevated design. Community Whether unwinding at the rooftop bar or connecting in shared wellness spaces, ARYA fosters authentic, modern-day community. Wellness Every space has been sculpted with wellbeing in mind — calm, balanced, and designed to restore. 'ARYA is a true example of Neo Luxury,' said Zoraiz Malik , CEO of Citi Developers. 'It's a response to the evolving definition of luxury — one that prioritizes peace, presence, and personalized design. We didn't just want to build something beautiful; we wanted to create a home that feels like belonging.' About Citi Developers With over a decade of experience and a footprint across three countries, Citi Developers is a leader in crafting bold, one-of-a-kind communities where design meets distinction . Through its signature neo-luxury lens, Citi continues to shape the future of modern living with iconic developments that fuse architecture, artistry, and soul. Media Contact: Follow Emirates 24|7 on Google News.
