Latest news with #luxuryresidences
Trade Arabia
2 days ago
- Business
- Trade Arabia
Aldar unveils Fahid Island, a costal wellness destination
Aldar has unveiled the masterplan for Abu Dhabi's next iconic island destination, Fahid Island, which has an 11 km coastline and a gross development value of over AED40 billion ($10.89 billion). With 4.6 km of pristine beachfront on one side of the island and serene mangrove forests on the other, the island is a wellness sanctuary offering a seamless connection to the water. Every part of the 2.7 million sq m island is no more than a five-minute walk to the water's edge, creating a vibrant island culture complete with refined coastal residences, curated leisure, and 5-star hospitality. More than 6,000 luxury residences are planned for the island, ranging from apartments and townhouses to ultra-luxury villas. The first residential development to be introduced on Fahid Island - Fahid Beach Residences -sets a new standard for exclusive beachfront living in Abu Dhabi. This limited collection of seven buildings, each featuring 65 residences, reflects a carefully crafted approach to privacy and world-class design. Top school part of the scheme Aldar has also partnered with a leading international institution to introduce an elevated education experience to Fahid Island in line with Abu Dhabi's vision to become a regional hub for excellence in education. The school will become an integral part of the community, providing a key differentiator for family life on the island. Stretching between Abu Dhabi's most desirable lifestyle destination, Yas Island, and its cultural centre, Saadiyat Island, Fahid Island is where entertainment and culture meet wellness. A celebration of contrasts, the island offers a unique mix of city and sand, retail and relaxation, energy and serenity, and all with exceptional connectivity – Yas Island's thrilling theme parks, Saadiyat Island's Cultural District, and Zayed International Airport are all accessible in under 15 minutes. Mohamed Al Mubarak, Chairman of Aldar, said: 'Abu Dhabi is a thriving, global destination where heritage and innovation combine to create a world-class environment to live, work, and explore. Sustainable and inclusive development has been a critical part of this success, which is why Aldar remains focused on delivering communities that reflect the values and ambitions of the UAE. Fahid Island is the latest chapter in that journey—building on the success of Saadiyat and Yas Islands to offer a new benchmark in premium waterfront living, wellness, and sustainable design." Talal Al Dhiyebi, Group Chief Executive Officer of Aldar, said: 'Our plans for Fahid Island support a thriving real estate market in Abu Dhabi, where we are seeing incredible demand from buyers within the local market as well as overseas investors. With a gross development value of over AED 40 billion, Fahid Island is one of the largest mixed use residential masterplans launched in Abu Dhabi and will ensure the emirate consolidates its position as one of the world's most desirable destinations to reside, invest, and visit.' Wellness focus Wellness is woven into the very fabric of life on Fahid Island, with thirty per cent of space dedicated to natural spaces – from lush vegetation and restorative gardens to invigorating green trails. A 10km landscaped Berm Park will not only create a natural visual and acoustic buffer but will also be the island's wellness and fitness corridor with running tracks and three cycling routes that seamlessly connect to Abu Dhabi's cycle loop. Water stations, shaded rest areas, and fitness nodes are strategically placed throughout to cater to athletes of all levels. Life on the water defines Fahid Island, with kite surfing, paddle boarding, illuminated night swimming, and volleyball all available to residents. The island's 2km waterfront promenade will serve as the island's social hub – with a vibrant mix of retail, dining, and art experiences – offering a community space to stroll, pause, relax and absorb the energy of the island. Coral Drive, the island's boutique retail boulevard will offer a unique selection of trendy outlets, concept stores, art galleries, ballet school and cafés as well as eclectic street furniture, and public artworks. Fahid Island is the world's first Fitwel certified island, highlighting the health-focused design of the destination. The island has also received LEED City and Communities Platinum precertification and is targeting an Estidama 3-Pearl rating. In addition, the masterplan has been designed to ensure and promote eco-friendly mobility and connectivity, with pedestrian bridges linking the two sides of the island, as well as a streetscape designed to prioritise foot traffic paired with a shading strategy using innovative design for outdoor thermal comfort.
Arab News
2 days ago
- Business
- Arab News
NABNI, Hilton launch Waldorf Astoria residences in Dubai
Following the 2024 signing of a milestone partnership between NABNI Developments and Hilton, the premium-luxury 146-unit Waldorf Astoria Residences Dubai Business Bay has officially launched. Designed by celebrated international architect Carlos Ott and featuring interiors by world-renowned hospitality design firm Hirsch Bedner Associates, the 65-story residences will be the second tallest residential tower in the Business Bay/ Downtown Dubai district upon planned handover in Q4 2029. It is Waldorf Astoria's first standalone residence project outside of the US. Inspired by Waldorf Astoria's 130-year five-star hospitality history, Ott's sleek, sculptural design is a contemporary interpretation that reflects Dubai's future-forward vision and celebrates the connection between nature and timeless sophistication. Interiors draw on Art Nouveau and Art Deco design motifs synonymous with Waldorf Astoria's design language, artfully paired with elements reflective of the city's modernity. A total of 146 units are available across three distinct collections: the Signature Collection, one to three-bedroom residences; Sky Collection, four-bedroom residences, multi-level sky villas, and sky mansions; and a singularly exceptional Sky Palace occupying four dedicated floors with 360-degree city views. Abdulrahman Abdulla Alhelo Alsuwaidi, co-founder and chairman, NABNI Developments, said: 'As a visionary Emirati developer committed to delivering timeless design-driven homes, our partnership with Hilton is elevating Dubai's branded residences market by setting a new benchmark for luxury hospitality-led excellence, anchored by more than a century of Waldorf Astoria service and legacy experience. This translates perfectly to the residential market and, more specifically to Dubai's incredibly competitive premium real estate landscape. Recent data from property consultancy Global Branded Residences revealed a 43 percent year-on-year increase in 2024 in the sale of branded units, with this figure set to more than double in the next five years. With the global high-net worth investor community looking to Dubai as a highly sought-after location for portfolio expansion, or as a desirable second home destination, the debut of the Waldorf Astoria Residences brand is a natural fit with current market dynamics. 'NABNI Developments' ambition to lead the region's branded residences segment through architectural mastery, service excellence, and unmatched attention to detail, is exemplified in this exciting project, which is a regional first in terms of scale and exclusivity; and set to become an enduring landmark on the Dubai skyline.' Each of the Waldorf Astoria Residences Dubai Business Bay residences optimizes Burj Khalifa views and offers the ultimate in ultra-luxury living while being effortlessly practical. Premium materials and innovative design come as standard with unique features including reserved lift access that takes residents and their guests to their private apartment lobby entrance. Exclusive leisure amenities include the world's highest 'Golf in the Sky' simulator experience (270 meters); an adult-only and family swimming pools plus private cabanas; the Waldorf Astoria spa and wellness center; fitness and yoga studios; and a meditation deck. Residents enjoy personal concierge and housekeeping services and will also be able to book a private Waldorf Astoria chef dining experience, along with on-request services such as pet care, personal assistant and secretarial support, personal driver, in-home spa treatments, private fitness training, and more. With ground-breaking scheduled to begin in June, NABNI Developments has also opened a dedicated sales center located in the Business Bay district. The new 1,000-square-meter center allows investors to take a 3D interactive walk through the project and unit options, as well as an interactive scale model area.
Zawya
3 days ago
- Business
- Zawya
Aldar unveils master plan of $11bln Fahid Island in Abu Dhabi
ADX-listed Aldar Properties has launched the master plan for Fahid Island, with a upward revised gross development value of more than 40 billion UAE dirhams ($10.89 billion). More than 6,000 luxury residences, ranging from apartments and townhouses to ultra-luxury villas, are planned on the 2.7 million square metre island with a 11-km coastline, the developer said in a statement on the Abu Dhabi Securities Exchange. The first residential development will be the Fahid Beach Residences, a collection of seven buildings, each featuring 65 residences, Fahid Island is one of the largest mixed-use residential masterplans launched in Abu Dhabi, said Group Chief Executive Officer Talal Al Dhiyebi. Japanese architects Kengo Kuma and Koichi Takada have designed two separate residential concepts on the island. Further residential developments are being designed by London-headquartered ACME and UAE-based NAGA Architects. In February 2023, Aldar Properties said it paid AED2.5 billion to buy Fahid Island, a 3.4 million sqm land bank located between Yas Island and Saadiyat Island, to build a new waterfront development. The project's gross development value was then estimated at AED 26 billion ($7.1 billion). (Writing by P Deol; Editing by Anoop Menon) (
The National
3 days ago
- Business
- The National
Aldar unveils $11bn Fahid Island project in Abu Dhabi
Aldar Properties, Abu Dhabi's biggest listed developer, has unveiled the master plan for Fahid Island, with a gross development value of more than Dh40 billion ($10.9 billion) amid a continued boom in the UAE's property market. More than 6,000 luxury residences are planned for the 2.7 million square metre island, ranging from apartments and town houses to ultra-luxury villas, Aldar said in a statement on Monday. The new project, with a 11 kilometre coastline, will be built in the UAE's capital between Yas Island and Saadiyat Island. Aldar acquired Al Fahid Island, a 3.4 million square metre land bank, for Dh2.5 billion in January 2023, with the developer stating at that time that the property's gross development value was Dh26 billion. The acquisition consideration would be paid over five years, Aldar said. Fahid Island builds "on the success of Saadiyat and Yas Islands to offer a new benchmark in premium waterfront living, wellness, and sustainable design", Mohamed Al Mubarak, chairman of Aldar, said. Residential property sale prices in Abu Dhabi rose by 11 per cent annually last year amid rising demand and a supply shortage in the emirate, according to real estate company Cushman & Wakefield Core. The Abu Dhabi Real Estate Centre reported that total transaction values in the emirate grew by 34.5 per cent to Dh25.3 billion from 6,896 deals in the first quarter of 2025, compared with Dh18.8 billion from 5,773 transactions in the same period last year. The UAE's property market continues to perform strongly due to government initiatives such as residency permits for retired people and remote workers, the expansion of the 10-year golden visa programme as well as overall growth in the UAE's economy. An influx of wealthy people is also supporting the property market. Last year, 7,200 millionaires arrived in the UAE, building on the 4,700 who arrived in 2023 and 5,200 in 2022, property consultancy Knight Frank said in a report. The number of dollar millionaires in the UAE was 130,500 at the end of December, making the Emirates the world's 14th-largest wealth market. This follows an announcement by Miral that a Disney theme park will be built on Yas Island, which is expected to increase Abu Dhabi's tourism potential and property demand in the island. ' Our plans for Fahid Island support a thriving real estate market in Abu Dhabi, where we are seeing incredible demand from buyers within the local market as well as overseas investors,' Talal Al Dhiyebi, group chief executive of Aldar, said. Thirty per cent of space of Fahid Island will be dedicated to natural spaces, with a 10 kilometre landscaped space called Berm Park also planned. It will be the island's wellness and fitness corridor with running tracks and three cycling routes that connect to Abu Dhabi's cycle loop, according to Aldar. The island's waterfront promenade will have a mix of retail, dining, and art experiences, while Coral Drive, the island's boutique retail boulevard, will have outlets, concept stores, art galleries, ballet school and cafes and public artworks. The island will also have an international school. The first residential development to be introduced on Fahid Island – Fahid Beach Residences -will have a collection of seven buildings, each featuring 65 residences, Aldar said.
Zawya
28-05-2025
- 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.
