Latest news with #residentialdevelopment
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
2 days ago
- Business
- Zawya
Meraas awards over AED300mln construction contract for phase 7 of Madinat Jumeirah Living Elara
Dubai, UAE: Meraas, a member of Dubai Holding Real Estate, has awarded a construction contract worth over AED 300 million to Al Sahel Contracting Company for Elara, Phase 7 of the Madinat Jumeirah Living master plan. The renewed contract follows the successful completion and handover of the first four phases of the landmark project, nestled in Dubai's most prestigious freehold neighbourhood. Al Sahel is currently developing the fifth phase of the project, now in its final stages of completion. The announcement marks a milestone in the construction of this prime residential development, which is poised to redefine the city's urban landscape. The latest phase in Madinat Jumeirah Living's Urban Edition, Madinat Jumeirah Living Elara, scheduled for completion in Q4 2026, features three residential towers offering 234 apartments, ranging from 1-, 2- and 3-bedroom residences to 4-bedroom penthouses, all of which embrace a contemporary design philosophy. Set amidst lush green promenades and surrounded by pristine beaches, Madinat Jumeirah Living Elara is situated in one of the most desirable locations in the community, with easy access to modern amenities including fitness centres, play areas, swimming pools and a sports park. The development is located near Souk Madinat Jumeirah and Jumeirah Beach, offering breathtaking views of the iconic Jumeirah Burj Al Arab and in close proximity to the city's key attractions. Khalid Al Malik, Chief Executive Officer of Dubai Holding Real Estate, said: "Madinat Jumeirah Living provides a unique blend of contemporary elegance and traditional tastes, setting a new standard for luxury living in one of Dubai's carefully curated neighbourhoods. We are confident that Al Sahel Contracting Company, having demonstrated their commitment to quality and timely delivery, will successfully bring our vision of Madinat Jumeirah Living Elara to life. Through this development, we continue our legacy of crafting exceptional spaces that enhance and enrich our residents' daily experiences." Engineer Moustafa Hassan, General Manager, Al Sahel Contracting Company, stated: "We are proud to renew our partnership with Dubai Holding Real Estate for the latest phase of Meraas' prestigious Madinat Jumeirah Living project. This extended collaboration underscores our commitment to constructing world-class residences that are set to revitalise Dubai's urban cityscape. Madinat Jumeirah Living Elara offers us an opportunity to craft immersive living spaces that balance functionality with aesthetics, and we look forward to setting new benchmarks in excellence.' Featuring seafront views and stunning architecture, Madinat Jumeirah Living combines modern comfort with traditional elegance, offering residents elevated community living with the iconic Jumeirah Burj Al Arab as a backdrop. Sleek, modern and contemporary, with its exquisitely designed interiors and open spaces immersed in nature, Madinat Jumeirah Living Elara is part of a welcoming neighbourhood that offers easy access to major shopping malls, public transportation links and schools. About Dubai Holding Real Estate Dubai Holding Real Estate is a member of Dubai Holding and is one of the largest integrated master developers in Dubai, offering a diverse range of residential communities as well as a robust land sales portfolio across unique and highly sought-after locations. Combining the long-standing experience and expertise of Meraas, Nakheel, Meydan and Dubai Properties, the portfolio offers innovative residential real estate solutions across property development, project and facilities management. Each development is built to sell, offering a unique opportunity to be a part of Dubai's vibrant future. Residents living in its developments can enjoy unique and attractive lifestyle opportunities to meet the evolving needs. Meraas plays a key role in the development of communities that stimulate creative urban culture and represent some of Dubai's most sought-after locations. Residential communities of Meraas include the prestigious Bvlgari Residences, Bluewaters Residences, Nikki Beach Residences, City Walk Residences, Central Park at City Walk, Cherrywoods, Port de La Mer and Villa Amalfi. Nakheel's landmark projects form an impressive portfolio of master communities that are pivotal to realising Dubai's vision. Nakheel's master developments include Palm Jebel Ali, Dubai Islands and the iconic Palm Jumeirah, spanning 15,000 hectares and accommodating nearly 740,000 people. Meydan is the visionary concept of His Highness Sheikh Mohammed Bin Rashid Al Maktoum, UAE Vice President, Prime Minister and Ruler of Dubai. Its portfolio includes Mohammed Bin Rashid City, District One and the Canal Front Residences. Dubai Properties is responsible for some of the most iconic property developments and destinations across Dubai, including Business Bay and Jumeirah Beach Residence (JBR) – the first single-phase, 40-tower residential development in the world. Its residential communities in Dubailand include The Villa, Al Waha, Serena, Villanova, Mudon and Remraam, while projects around the Dubai Creek within Jaddaf Waterfront include Dubai Wharf and Manazel Al Khor.
Trade Arabia
2 days ago
- Business
- Trade Arabia
Meraas awards contract for key phase of Madinat Jumeirah Living
Meraas, a member of Dubai Holding Real Estate, has awarded a construction contract worth over AED300 million ($81.6 million) to Al Sahel Contracting Company for Elara, the Phase 7 of the Madinat Jumeirah Living master plan. The latest phase in Madinat Jumeirah Living's Urban Edition, Elara, scheduled for completion in Q4 2026, features three residential towers offering 234 apartments, ranging from one-, two- and three-bedroom residences to four-bedroom penthouses, all of which embrace a contemporary design philosophy, said Meraas in a statement. The renewed contract follows the successful completion and handover of the first four phases of the landmark project, nestled in Dubai's most prestigious freehold neighbourhood. Al Sahel is currently developing the fifth phase of the project, now in its final stages of completion, it stated. Strategically located near Souk Madinat Jumeirah and Jumeirah Beach, the development offers breathtaking views of the iconic Jumeirah Burj Al Arab. Set amidst lush green promenades and surrounded by pristine beaches, Madinat Jumeirah Living Elara is situated in one of the most desirable locations in the community, with easy access to modern amenities including fitness centres, play areas, swimming pools and a sports park. The announcement marks a milestone in the construction of this prime residential development, which is poised to redefine the city's urban landscape. Dubai Holding Real Estate CEO Khalid Al Malik said: "Madinat Jumeirah Living provides a unique blend of contemporary elegance and traditional tastes, setting a new standard for luxury living in one of Dubai's carefully curated neighbourhoods." "We are confident that Al Sahel Contracting Company, having demonstrated their commitment to quality and timely delivery, will successfully bring our vision of Madinat Jumeirah Living Elara to life. Through this development, we continue our legacy of crafting exceptional spaces that enhance and enrich our residents' daily experiences," he added. Engineer Moustafa Hassan, General Manager, Al Sahel Contracting Company, said: "We are proud to renew our partnership with Dubai Holding Real Estate for the latest phase of Meraas' prestigious Madinat Jumeirah Living project. This extended collaboration underscores our commitment to constructing world-class residences that are set to revitalise Dubai's urban cityscape." "Madinat Jumeirah Living Elara offers us an opportunity to craft immersive living spaces that balance functionality with aesthetics, and we look forward to setting new benchmarks in excellence," he added. Featuring seafront views and stunning architecture, Madinat Jumeirah Living combines modern comfort with traditional elegance, offering residents elevated community living with the iconic Jumeirah Burj Al Arab as a backdrop.
Gulf Business
3 days ago
- Business
- Gulf Business
Binghatti acquires mega plot for Dhs25bn master planned community in Dubai
Image: Supplied The anticipated value of the development exceeds Dhs25bn($6.8bn), positioning it among the largest single-site residential projects in the emirate. The land is located in Nad Al Sheba 1, within Dubai's Meydan district, an area historically linked with equestrian heritage and the former Nad Al Sheba Racecourse. 'The acquisition of a mega plot for what is expected to be our first master-planned development marks a pivotal moment in Binghatti's growth journey,' said Muhammad BinGhatti, chairman of Binghatti Holding. '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.' The future development is expected to offer a 'refined and tranquil' lifestyle, with the company citing its central location and access to major roadways and key landmarks as core to its appeal. A key milestone for Binghatti The move marks a significant shift for Binghatti, which until now has been focused on high-rise branded residences, including the Bugatti Residences, Binghatti has also attracted high-profile clientele, including football star Neymar Junior and opera legend Andrea Bocelli. Led by Muhammad BinGhatti, Binghatti Holding manages a portfolio of over 80 projects valued at more than Dhs50bn. In the past 16 months, the company has delivered more than 11,000 residential units, underscoring its rapid growth trajectory and market presence.
Zawya
3 days ago
- Business
- Zawya
$57mln Symbolic Zen Residences focuses on mindful living
Dubai's Al Furjan neighbourhood will welcome a striking new residential development following the unveiling of Symbolic Zen Residences by Symbolic Developments. The AED210 million ($57.17 million) project blends modern luxury with the philosophy of mindful living, said the developer. This launch marks the developer's third project in Dubai and second within Al Furjan's master community. It follows the success of Symbolic Aura, which was sold out swiftly, and the ahead-of-schedule handover of its debut project Symbolic Alpha in Liwan which was delivered in just 14 months, it said. Symbolic Developments, the real estate division of the Speedex Group, focuses on community, well-being, and sustainability. Located along Al Asayel Street in Al Furjan, Symbolic Zen Residences features just 82 exclusive homes, offering 2.5-bedroom apartments and 3.5-bedroom garden residences. The homes are fully furnished, Vaastu-compliant and feature closed kitchen, en-suite bedrooms, panoramic balconies, and expansive 12-foot ceilings that flood the spaces with light and openness. Adding to the sense of serenity are French windows, private garden terraces, and a floor plan that maximizes ventilation and views - all part of what Symbolic calls their 'Zen Garden Residences' theme. 'At Symbolic, we don't just build structures - we craft spaces that resonate with the way people truly want to live,' says Murtaza Moiz, Vice Chairman of Symbolic Developments and Speedex Group. 'Each of our projects reflects our commitment to creating something genuinely meaningful places that promote well-being, foster a sense of belonging, and stand the test of time. Zen Residences brings that vision to life by offering not just luxury, but a lifestyle rooted in balance, comfort, and community. It's about building homes people are proud to return to every single day.' 'We've designed Symbolic Zen Residences to stand out not just in aesthetics, but in the experience it offers residents,' adds Karan Arora, Head of Sales and Marketing at Symbolic Developments. 'From 12-foot-high ceilings and panoramic balconies to a first habitable floor elevated 50 ft above ground, every element has been chosen to amplify comfort, privacy, and openness. It's a low-density community with just 82 homes each fully furnished, Vaastu-compliant, and equipped with smart home automation. Even the plot itself was carefully selected, a coveted corner plot with roads on three sides, offering unobstructed views and natural light from all angles. Emphasis on these minute details reflect how Symbolic Developments' commitment to redefining what premium city living can truly be." Symbolic Zen Residences is designed to be a wellness-focused sanctuary. The development includes temperature-controlled pools, a yoga and meditation deck, a jogging track, kids' play area, a jacuzzi, and steam and sauna rooms. Residents can enjoy peaceful areas to relax, recharge, or connect with neighbors fostering a welcoming and uplifting atmosphere. 'Sustainability is woven throughout the project. As part of Symbolic's broader commitment to green development, the residences include EV charging stations, smart energy solutions, and environmentally responsible materials; a forward-looking approach that aligns with the UAE's growing emphasis on sustainable living', affirmed Moiz. Located just 2 minutes away from Discovery Gardens Metro Station, the development offers seamless access to Dubai Marina, Downtown Dubai, DIFC, Expo City, and major airports — making it ideal for both families and professionals. Retail showrooms on the ground floor add convenience, while the elevated podium level ensures privacy and quiet above the bustle of the city. – TradeArabia News Service Copyright 2024 Al Hilal Publishing and Marketing Group Provided by SyndiGate Media Inc. (
