Latest news with #residentialcommunities
Khaleej Times
a day ago
- Business
- Khaleej Times
New UAE developer plans 2 million+ sq. ft. community centric residences
Barco Developers, a new UAE-based real estate developer founded by a team of seasoned operators with over 25 years of experience across real estate, finance, consulting, F&B, and manufacturing, has announced its entry into the UAE property market with plans to develop over 2 million square feet of low- to mid-rise residential communities across Dubai and Ras Al Khaimah. Barco Developers's leadership has delivered successful real estate and investment projects across Europe and North America. The company now brings this global expertise to the UAE market to develop value-based communities where comfort meets technology targeting the underserved end-user segment. The first few projects are set to launch in Dubai South, starting with a thoughtfully designed residential development to be launched officially soon. The pipeline also includes upcoming launches in Arjan, Dubai Land Residential Complex (DLRC), and Jebel Ali Hills, with a focus on emerging neighborhoods offering long-term livability and growth. 'With over 25 years of cross-sector experience, we've learned that lasting success lies in understanding real market needs and executing with precision. There's a clear opportunity to serve the growing number of professionals and families seeking more than just housing, we are here to serve those who want a connected, modern lifestyle at a fair price,' said Safdar Badami, Director at Barco Developers. The focus on Dubai South for the initial projects aligns with the area's rapid transformation into a major business and residential hub, supported by proximity to Al Maktoum International Airport and the Expo 2020 legacy infrastructure. 'At Barco, we're reimagining residential living in the UAE by bringing high-quality, Smart home communities to emerging markets. We're taking a disciplined, data-driven approach to development, one that prioritizes long-term value over short-term gains,' said Saadaat Bajwa, Director at Barco Developers. 'Each of our projects is backed by rigorous market analysis, efficient design practices, and a commitment to sustainable construction.' Barco Developers is focused on delivering homes that offer high utility, modern design, and tech-enabled amenities, designed for end users rather than short-term investors. By targeting mid-income buyers in key growth zones, the company aims to address an important market gap while creating long-term value for residents and stakeholders alike.
Zawya
2 days ago
- Business
- Zawya
Barco Developers enters UAE with plans for 2mln+ sq. ft. community centric residences
Dubai, UAE — Barco Developers, a new UAE-based real estate developer founded by a team of seasoned operators with over 25 years of experience across real estate, finance, consulting, F&B, and manufacturing, has officially announced its entry into the UAE property market with plans to develop over 2 million square feet of low- to mid-rise residential communities across Dubai and Ras Al Khaimah. Barco Developers's leadership has delivered successful real estate and investment projects across Europe and North America. The company now brings this global expertise to the UAE market with a clear vision: to develop value-based communities where comfort meets technology targeting the underserved end-user segment. The first few projects are set to launch in Dubai South, starting with a thoughtfully designed residential development to be launched officially soon. The pipeline also includes upcoming launches in Arjan, Dubai Land Residential Complex (DLRC), and Jebel Ali Hills, with a focus on emerging neighborhoods offering long-term livability and growth. 'With over 25 years of cross-sector experience, we've learned that lasting success lies in understanding real market needs and executing with precision. There's a clear opportunity to serve the growing number of professionals and families seeking more than just housing, we are here to serve those who want a connected, modern lifestyle at a fair price,' said Safdar Badami, Director at Barco Developers. The focus on Dubai South for the initial projects aligns with the area's rapid transformation into a major business and residential hub, supported by proximity to Al Maktoum International Airport and the Expo 2020 legacy infrastructure. 'At Barco, we're reimagining residential living in the UAE by bringing high-quality, Smart home communities to emerging markets. We're taking a disciplined, data-driven approach to development, one that prioritizes long-term value over short-term gains,' said Saadaat Bajwa, Director at Barco Developers. 'Each of our projects is backed by rigorous market analysis, efficient design practices, and a commitment to sustainable construction.' Barco Developers is focused on delivering homes that offer high utility, modern design, and tech-enabled amenities, designed for end users rather than short-term investors. By targeting mid-income buyers in key growth zones, the company aims to address an important market gap while creating long-term value for residents and stakeholders alike. About Barco Developers Barco Developers is a UAE-based real estate development company driven by operators with over 25 years of cross-sector experience spanning real estate, finance, consulting, F&B, and manufacturing. Founded on the principles of process, delivery, and credibility, Barco Developers integrates full-cycle development with a long-term ownership mindset. With a growing pipeline of projects in Dubai and Ras Al Khaimah, Barco Developers is committed to building value-driven residential communities that blend smart technology, functionality, and comfort — tailored to the evolving needs of end users in the UAE.
Gulf Business
3 days ago
- Business
- Gulf Business
Barco Developers enters UAE market with 2 million sq ft residential pipeline
Dubai skyline Barco Developers, a newly established UAE-based real estate company founded by industry veterans with over 25 years of experience in real estate, finance, consulting, F&B, and manufacturing, has announced its official entry into the UAE property market. The developer plans to deliver more than 2 million square feet of low- to mid-rise residential communities across Dubai and Ras Al Khaimah. With a track record of successful real estate and investment projects across Europe and North America, Barco Developers is now bringing its global expertise to the UAE. Its vision is to create value-driven communities where comfort and technology meet, catering specifically to the underserved end-user segment. The company's first projects will be in Dubai South, beginning with a meticulously planned residential development to be launched soon. Additional projects are in the pipeline for Arjan, Dubai Land Residential Complex (DLRC), and Jebel Ali Hills, focusing on emerging neighborhoods that offer long-term livability and growth potential. Read: 'With over 25 years of cross-sector experience, we've learned that lasting success lies in understanding real market needs and executing with precision. There's a clear opportunity to serve the growing number of professionals and families seeking more than just housing, we are here to serve those who want a connected, modern lifestyle at a fair price,' said Safdar Badami, director at Barco Developers. Safdar Badami, director at Barco Developers The initial focus on Dubai South reflects the area's rapid rise as a key business and residential hub, supported by its proximity to Al Maktoum International Airport and the infrastructure legacy of Expo 2020. 'At Barco, we're reimagining residential living in the UAE by bringing high-quality, Smart home communities to emerging markets. We're taking a disciplined, data-driven approach to development, one that prioritises long-term value over short-term gains,' said Saadaat Bajwa, director at Barco Developers. 'Each of our projects is backed by rigorous market analysis, efficient design practices, and a commitment to sustainable construction.' Saadaat Bajwa, director at Barco Developers Barco Developers aims to deliver homes with high utility, modern designs, and technology-enabled amenities designed for end users rather than short-term investors. By focusing on mid-income buyers in strategic growth zones, the company seeks to fill a critical market gap while building lasting value for residents and stakeholders.
Zawya
4 days ago
- Business
- Zawya
Chestertons MENA reveals Dubai's top 6 residential hotspots
Backed by market intelligence and investor trends, the renowned global property consultancy has pinpointed the top six communities redefining Dubai's residential market, each offering strong capital growth potential and attractive rental yields Dubai, UAE: Founded in 1805, Chestertons is one of the world's most established and trusted real estate advisory firms with a strong presence in the UAE since 2008. Empowering both end-users and investors to make informed property decisions, the respected consultancy has shared key insights on the top six emerging residential communities in Dubai: Jumeirah Village Circle (JVC), DAMAC Island, Downtown Dubai, Dubai Marina, Meydan City, and Dubai South. The findings show that while central areas remain in demand, suburban master-planned communities are delivering strong rental yields and attracting growing interest from both local and international investors. Data Snapshot Among the top six residential communities, JVC, DAMAC Island, Downtown Dubai, Meydan City, Dubai Marina, and Dubai South have all recorded rising transaction volumes, boosted by a combination of well-priced inventory, improving infrastructure, and increasing rental yields. As the most affordable of the six, DAMAC Islands averages at AED 823 per sq. ft., with a yield of 7.38%, largely driven by attractive off-plan pricing and high-return early investment opportunities. Dubai South follows at AED 1,035 per sq. ft. and a rental yield of 6.77% while JVC prices average at AED 1,238 per sq. ft., with strong rental yields around 7.39%, making it particularly popular among younger tenants and first-time buyers. Meanwhile, Dubai Marina offers a more central location at AED 1,757 per sq. ft. and returns close to 6.24%. Downtown Dubai commands the highest average price at AED 2,504 per sq. ft., delivering a solid 6% return in a sought-after, high-profile location. In contrast, Meydan City presents a compelling option for value-seekers, averaging AED 1,915 per sq. ft. and yields of 7.14%, supported by ongoing infrastructure upgrades and spacious layouts. Positioned for Growth Behind the rise of these communities is a larger shift in Dubai's urban planning, with limited central land giving way to the development of more suburban master-planned zones. Developers like Emaar and Binghatti continue to launch high-appeal projects, while government entities such as the RTA and Dubai Land Department work together to ensure long-term viability. Additionally, recent updates across the property market have helped increase access for different buyer profiles. Notably, first-time buyers are benefiting from initiatives like reduced down payment requirements and easier mortgage approvals through developer-bank partnerships. Mania Merrikhi, Chief Operating Officer and Managing Director of Chestertons MENA, shared, 'At Chestertons, we've seen Dubai evolve into a powerhouse for real estate investment, and initiatives like the D33 agenda are set to drive even greater economic and urban growth over the next decade. At the same time, attention is shifting towards other emirates, particularly Abu Dhabi, where high-profile developments and infrastructure projects are opening up exciting new opportunities for investors.' Mohamed Mussa, Executive Director of Chestertons MENA, added, 'Government support continues to play a vital role in shaping the UAE's real estate market, with various entities rolling out buyer-friendly regulations and initiatives that make it easier for first-time buyers to enter the market. Notably, these developments are attracting a new wave of international and family-oriented investors. Looking forward, we anticipate particularly strong demand for full-service, master-planned communities that deliver on lifestyle, convenience, and value.' As Dubai's residential market continues to evolve, the spotlight is shifting towards communities that combine value, lifestyle, and long-term potential. With deep market insight and a legacy of trust, Chestertons MENA remains a reliable partner for those looking to navigate this shifting landscape with clarity and confidence. About Chestertons With a legacy spanning over 220 years, Chestertons is one of the world's most established and respected real estate advisory firms. Founded in London in 1805 by Charles Chesterton, the company has built a reputation for trust, integrity, and expertise, offering tailored advice to clients across the globe. As a founding member of the Royal Institution of Chartered Surveyors (RICS), Chestertons combines its rich heritage with a forward-thinking approach, providing a full suite of services including residential and commercial brokerage, valuation and advisory, building consultancy, property management, and market research. In the UAE, Chestertons has been active since 2008, with its regional headquarters now based in Marina Plaza, Dubai Marina. The firm is home to a dynamic team of over 90 experts who bring together international experience and local insight to support developers, investors, landlords, and occupiers. With a history of success built over generations, Chestertons delivers intelligent, personalised solutions that generate long-term value.
Zawya
31-07-2025
- Business
- Zawya
Saudi: EEC, Al Tahaluf ink deal for KAEC residential communities
Emaar, The Economic City (EEC), the master developer of King Abdullah Economic City (KAEC), has signed an agreement with Saudi-American real estate venture Al Tahaluf for the development of two premium residential communities in the Al Murooj district located within the mega City. Al Tahaluf is a joint venture between American real estate company K. Hovnanian and Saudi-based Hamad bin Saedan Real Estate Company. Announcing the strategic deal, EEC said it reflects a shared ambition to shape a vibrant coastal district and supports KAEC's goal of attracting high-value development while cementing its position as a lifestyle-led investment destination aligned with Vision 2030's ambitions. Signed at KAEC by Abdulaziz Alnowaiser, CEO of EEC, and Robert Hofmann, CEO of Al Tahaluf, the agreement covers the acquisition of 340 residential lots, ranging from 600 sq m to 1,000 sq m, with built up areas spanning 400 sq m to 600 sq m. These exclusive new premium residential communities are inspired by a tropical modernism design approach, introducing a signature architectural villa style to the kingdom, it stated. Designed for elevated living, the new premium residential communities will offer buyers high-end villas on the Red Sea coast, it stated. The four-to-five-bedroom villas will offer resort-styled living with expansive glass façades, soaring ceilings, shaded terraces, lush tropical landscaping, and premium finishing. Open concept layouts will connect indoor and outdoor spaces, with gourmet kitchens and private two-car garages, including space for a golf buggy, to support sustainable mobility. The project is tailored for buyers looking to enjoy elevated living along the Red Sea coast, with interest expected to only rise following a recent decision by the Saudi Cabinet to allow foreign property ownership in designated zones starting 2026. On the deal, Alnowaiser said: "This agreement highlights KAEC's continued evolution into a vibrant and future-ready city, offering high-quality residential, commercial, and leisure opportunities. We are delighted to partner with Al Tahaluf, whose presence signals strong investor interest in KAEC's long-term potential as a destination of choice for home buyers in the kingdom." This strategic collaboration advances EEC's ambition to attract foreign direct investment and enable greater private sector participation. With its blend of world-class infrastructure, lifestyle-driven planning, and proximity to Jeddah and the western coast, KAEC continues to strengthen its position as a coastal premier lifestyle destination, he added. Hofmann said: We at Al Tahaluf are incredibly proud to be part of KAEC's next chapter as a premier luxury lifestyle destination in the Kingdom." "Set along the breathtaking Red Sea coastline, our new communities at KAEC will offer an unparalleled setting with opportunities for world class championship golf, relaxation, wellness, and a full spectrum of watersports and waterside leisure," he stated. With seamless access to Makkah and Madinah, as well as King Abdulaziz International Airport in Jeddah via the Haramain High Speed Railway, KAEC provides future residents with unmatched connectivity. Combined with pristine beaches, and visionary urban design, it is poised to become a destination of choice for both Saudi and international homebuyers and investors. K. Hovnanian, a leading American homebuilder and managing partner of Al Tahaluf, will bring its expertise in lifestyle communities and its high-quality standards to the project. "Al Tahaluf has set a target of late 2025 to launch sales of the villas. A formal design unveiling is also planned for Cityscape Global later this year," stated Hoffmann. The deal also adds momentum to KAEC's expanding development pipeline and aligns with national efforts to diversify the economy and expand high-impact sectors under Vision 2030. Copyright 2025 Al Hilal Publishing and Marketing Group Provided by SyndiGate Media Inc. (
