Latest news with #realestatedeveloper
Arabian Business
7 days ago
- Business
- Arabian Business
Dubai real estate: Binghatti acquires massive Nad Al Sheba Land for $6.9bn master-planned residential community
Binghatti Holding Ltd has acquired freehold land spanning over 8 million square feet of gross floor area for its first large-scale master-planned residential community in Dubai. The Dubai-based real estate developer, known for luxury-branded residences, expects the development to have a total value exceeding AED 25 billion. The land sits in Nad Al Sheba 1 within Dubai's Meydan district. The area previously housed the Nad Al Sheba Racecourse, which served as the former venue for the Dubai World Cup. The location maintains connections to major roads and sits near Dubai's key landmarks. Binghatti's first master community The planned community will focus on delivering a refined and tranquil lifestyle whilst offering convenience and exclusivity to residents. Muhammad BinGhatti, Chairman of Binghatti Holding Ltd., 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 develops around 20,000 units across approximately 30 projects in prime residential areas throughout Dubai. These locations include Downtown, Business Bay, Jumeirah Village Circle, Al Jaddaf, Dubai Science Park, Dubai Production City and Sports City. Bugatti, Mercedes-Benz, and Jacob & Co. football star Neymar Junior and opera performer Andrea Bocelli.
Zawya
27-05-2025
- Business
- Zawya
Amirah Developments unveils debut residential project in Dubai
Amirah Developments, a Dubai-based real estate developer, has announced the launch of its maiden project - Bonds Avenue - a high-quality residential development poised to redefine luxury living on the newly master-planned Dubai Islands. The announcement comes as the UAE's real estate asset value exceeds AED2.5 trillion ($680 billion) in recent time. Bonds Avenue is a testament to architectural excellence and sustainable living. The development features a curated selection of one-, two-, and three-bedroom apartments, grand four-bedroom penthouses, and expansive three-bedroom townhouses and triplexes within the same complex. Each residence is meticulously designed with organic, flowing forms that break free from conventional design norms, offering residents an extraordinary living experience that prioritises exclusivity and sophistication. With unit sizes ranging from 810 to 4,416 sq ft, and starting prices from AED1.63 million to AED9.95 million, each home is crafted to deliver spacious layouts, elegant finishes, and an elevated lifestyle experience. Whether it's the comfort of a one-bedroom residence or the grandeur of a waterfront penthouse, Bonds Avenue caters to discerning buyers seeking architectural sophistication, panoramic views, and premium quality in the heart of Dubai Islands, said Amirah Developments in its statement. Its location on Dubai Islands offers the best waterfront living with unlimited view of the Arabian Gulf that is just a ten-minute drive from Dubai International Airport and a few minutes away from some of the best tourism attractions of Dubai – Dubai Creek, the Gold Souq and Dubai Islands itself when the development is complete with a large shopping mall, a marina, beachfront promenade, and the Night Souq. Strategically located on Dubai Islands, Bonds Avenue offers unparalleled accessibility as well as the best waterfront living with unlimited view of the Arabian Gulf, being just minutes away from key landmarks such as the Gold Souq Metro Station, ten minutes away from Dubai International Airport, Downtown Dubai, and Business Bay, it stated. The development is well-connected via major highways and public transport options, ensuring residents have easy access to top attractions, schools, hospitals, shopping centres, and entertainment hubs. According to Amirah, residents will get to enjoy panoramic views of over 21km pristine beaches and crystal-clear waters, perfect for yachting and water sports. The community is enriched with world-class hospitality in luxurious resorts and embraces a sustainable lifestyle with eco-friendly infrastructure and green spaces, it stated. On its debut project, Muhammad Yousuf Jafrani, Founder and Chairman of Amirah Developments, said: "Bonds Avenue is more than a development - it's a vision brought to life. At Amirah, we set out to create not just homes, but legacies. This project reflects our commitment to building with integrity, elegance, and future-forward thinking." "Dubai Islands offers the ideal canvas for a community that is both immersive and iconic. We're not just building structures — we're crafting extraordinary experiences," he stated. "Every home in Bonds Avenue has carefully been crafted to offer maximum living space. It is a luxury property that offers modern and contemporary design that is offered at an affordable price to the buyers and investors," said Jafrani. "To make it attractive, we are offering a flexible 60/40 payment plan to accommodate investors and homeowners: 20 percent on booking, 40 per cent during construction in scheduled instalments, and 40 per cent on completion in January 2027," he stated. This plan aligns with the growing demand for premium properties in Dubai, where off-plan sales have surged by 41% in the first half of 2024, reflecting robust investor confidence, he added. -TradeArabia News Service Copyright 2024 Al Hilal Publishing and Marketing Group Provided by SyndiGate Media Inc. (
Zawya
20-05-2025
- Business
- Zawya
ESSENL1FE by Object 1 introduces new chapter of wellness-driven living in Dubai
Dubai, UAE: Leading real estate developer Object 1 has launched ESSENL1FE, its new residential development in the strategically located Jumeirah Village Triangle (JVT) in Dubai. Conceptualised around the core principles of purposeful and wellness-oriented living, ESSENL1FE reflects Object 1's continued commitment to creating thoughtfully designed communities aligned with evolving lifestyle expectations in the dynamic emirate. ESSENL1FE introduces a unique residential concept tailored to today's wellness-conscious buyer, integrating resort-style amenities and cutting-edge technology in a vibrant community setting. The development features two swimming pools along with a dedicated kids' pool, offering residents unmatched leisure options rarely found in Jumeirah Village Triangle. It is also the developer's first project to include exclusive Sky Deck facilities, such as a Sky Infinity Pool and Sky Leisure Deck with sun-loungers, providing panoramic views of the Dubai Marina skyline and delivering a premium lifestyle experience. With construction set to be completed by Q4 2027, ESSENL1FE comes at a time of increasing demand for high-end, experience-led developments in JVT—a district that has seen transaction volumes surge by 62% in early 2025 compared to the same period last year. The area is also benefiting from Dubai Holding's and RTA's infrastructure development agreement and improved access points. ESSENL1FE will feature a curated set of outdoor and indoor amenities designed for active, community-centric living. These include a CrossFit zone, yoga and meditation area, padel court, lagoon-style pool featuring a natural sand island with sun loungers, poolside sunken lounge, cinema, gym, sauna and steam room, table tennis, clubhouse, barbeque and lounge, and children's play areas. Tatiana Tonu, CEO at Object 1, said: 'ESSENL1FE represents the evolution of what modern urban living can be. We envisioned a space where innovation meets intention, where every feature supports a resort lifestyle rooted in wellness, connection, and elevated experiences. It's not just about where you live, but how you live. In 2025, as Dubai's real estate market continues to thrive with a projected 5% increase in property prices and strong demand for high-end, experience-driven developments, ESSENL1FE is designed to cater to a new wave of residents who seek both modernity and meaning in their living.' Incorporating advanced smart home technology, ESSENL1FE features Tedee smart locks that allow residents to unlock their homes using a smartphone or smartwatch, eliminating the need for traditional keys. These locks support customizable access permissions and maintain a log of all entry and exit activity, enhancing both convenience and security. The residences are also equipped with a comprehensive home automation system, enabling intuitive control of lighting, music, temperature, and security settings through a centralised interface. These technologies are designed to adapt to each resident's lifestyle and preferences, delivering a seamless, connected living experience that aligns with modern urban expectations. The launch further cements Object 1's position among the top developers in Jumeirah Village Triangle, where it ranked in the top three by initial sales volume in Q1 2025. As Dubai advances towards its 2040 Urban Master Plan goals, ESSENL1FE aligns with the city's vision of building vibrant and inclusive residential communities that offer more than just homes, but entire ways of life. About Object 1 Object 1 is a real estate developer and part of the international TSZ Group, specializing in elegant, sustainable, and innovative developments. Object 1 has quickly established itself as a top-tier developer, delivering high-quality projects in key areas. With a focus on modern urban living and investor-friendly services, Object 1 continues to shape the region's skyline with cutting-edge design and functionality. For more information, visit
Yahoo
10-05-2025
- Politics
- Yahoo
‘To name is to claim:' Inside Trump's cartographical compulsion
President Donald Trump's tense exchange with Canadian Prime Minister Mark Carney over making Canada the 51st state this week offered a vivid example of how the president's blunt demands to alter the world's map are both shaping and complicating his foreign policy. They have led to alarm among allies, a battle between the White House and its press corps over labels on the map, and concerns that foes will be emboldened on territorial claims — not to mention plenty of confusion. But Trump's cartographical compulsion and his desire to alter them was ingrained long before his first presidency. It came out of his career in business, where he derived power from acquiring property and branding rights. 'I'm a real estate developer at heart,' Trump said Tuesday during his Oval Office meeting with Carney, referring to his wish to bring Canada under U.S. control. 'When you get rid of that artificially drawn line … when you look at that beautiful formation when it's together, I'm a very artistic person.' In 2022, Trump told the journalists Peter Baker and Susan Glasser: 'I love maps. And I always said: 'Look at the size of [Greenland]. It's massive. That should be part of the United States.'' Trump has said he wants the U.S. to 'get' Greenland, turn Canada into the '51st state,' 'take back' the Panama Canal and 'own' Gaza. He upended the White House press corps and raised tensions with Mexico over a debate over the use of the term 'Gulf of America' to describe the body of water known centuries before the U.S. existed as the 'Gulf of Mexico.' And amid escalating tensions with Iran, Trump is considering changing the name of the Persian Gulf to the 'Gulf of Arabia' during a visit to the Middle East next week. It's a political tactic that has lasted as long as maps have, according to Karl Offen, a geography professor at Syracuse University. 'Maps and politics have been wedded from day one,' Offen said. 'To name is to claim.' That naming and claiming is having real geopolitical consequences. It became a core issue of the Canadian election, catalyzed protests in Greenland and threw the White House press corps into chaos. Mexican President Claudia Sheinbaum threatened to sue Google for complying with the 'Gulf of America' name change. The Iranian foreign minister promised the 'wrath of all Iranians' if Trump moves forward with 'Gulf of Arabia.' Maps have been core to Trump's political messaging for years. During both of his nonconsecutive terms, he's leaned on county-by-county electoral maps that bathe the country in red to bolster the legitimacy of his wins — even though those maps fail to illustrate how red counties tend to be less populated than blue ones (he lost the popular vote in 2016). In one first-term viral moment, Trump presented a map in the Oval Office that appeared to be altered with a Sharpie. Since winning his second term, Trump has posted to social media several political maps, including ones that show the 'Gulf of America' as well as the U.S. merged with Canada. And as his expansionist impulses have grown more brazen, he's framed them in real estate terms. Trump, for example, called the Gaza Strip, decimated by 18 months of war, 'oceanfront property' and 'a big real estate site' and shared on Instagram an AI-generated video of 'Trump Gaza' reminiscent of a developer's pitch deck. When Trump on Tuesday invited Carney to the Oval Office, his '51st state' comments were top of mind for the newly-elected prime minister. 'As you know from real estate, there are some places that are never for sale,' Carney said, sending a message of defiance to his home audience. Trump replied: 'Never say never.' Trump has complained that Canada is 'ripping off' the U.S. economically and argued that both countries would be better off if Canada joined the union. And he and Vice President JD Vance have said the U.S. has a security interest in Greenland, citing threats from Russia and China. The U.S. also has broader strategic interests in the resource-rich Arctic region, where melting ice is opening up new trade routes. But the president's fascination with Canada and Greenland could also be explained, in part, by their size on a map. Canada is the world's second-largest country by area and Greenland is its largest island. But their northern latitudes also mean the common Mercator projection inflates their size, said Ryan Weichelt, chair of the geography and anthropology department at the University of Wisconsin, Eau Claire. 'If you want to go after something, you make it look big,' Weichelt said. 'This has been a common tactic in political cartography for a long time, using the right projection to make your point.' In a statement to POLITICO, White House Communications Director Steven Cheung lauded Trump for having 'a deep appreciation for geography and history,' adding that 'This Administration is about American Exceptionalism.' A visit by Second Lady Usha Vance to Greenland's capital for a dogsledding race in March was abruptly walked back after Danish and Greenlandic officials slammed the trip as an escalation of Trump's annexation rhetoric. "We will never, ever be a piece of property that can be bought by anyone, and that's the message I think is most important to understand," Greenland's prime minister, Jens-Frederik Nielsen, said last month, foreshadowing Carney's response. The attempt to name the 'Gulf of America' also thrust the White House press corps into chaos after officials blocked reporters and photographers from the Associated Press from covering some events in retaliation for its guidance on the term in its influential stylebook, which calls for the original name to be used while acknowledging Trump's term. A judge ultimately ruled the wire service must be reinstated in the White House press pool. Amid nuclear talks with Iran, Trump on Wednesday told reporters he will 'make a decision' on trying to change the name of the Persian Gulf to the 'Gulf of Arabia' during a trip next week to Saudi Arabia, Qatar and the United Arab Emirates, all of which use the term 'Arabian Gulf' to describe the waterway that is 7,000 miles from America's shoreline. 'I don't want to hurt anybody's feelings,' the president said. 'I don't know if feelings are going to be hurt.' Iran swiftly clapped back. Seyed Abbas Araghchi, the country's foreign minister, said the name change would be a 'short-sighted step' and 'will only bring the wrath of all Iranians.' Jake Traylor contributed to this report.
