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Damac’s First Sharia-Compliant Tower, Ghalia, Nears Completion

Damac Properties is on the verge of completing its first-ever Sharia-compliant tower, which it calls Ghalia.

The luxury, 727-apartment tower in Jumeirah Village Triangle has entered the final stages of completion, with units ready for handover by the end of 2018, according to Damac.

“Ghalia is a special project for Damac, as the tower offers residents the option to have their furnished apartments fully serviced,” said Ali Sajwani, general manager of operations at Damac Properties.

“Furthermore, Ghalia caters to our growing Muslim customers who are seeking luxury living that also complies with Sharia laws… we are thrilled to be completing the tower in 2018, with handover of units starting near the end of the year.”

Indeed, Ghalia offers separate leisure amenities for men and women. There are men’s and women’s dining facilities, men’s and women’s gyms, and men’s and women’s swimming pools.

In terms of the actual apartments on offer, Ghalia will contain one-, two- and three-bedroom apartments. All are expected to be generously sized, given this is a luxury development. The building’s total floorspace covers over 1 million square feet.

The building comes in response to growing demand among Muslims for Shaira-compliant real estate developments.

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Meraas And Bvlgari Begin Bvlgari Residences Handovers

Meraas and Bvlgari have started the handover of units at Bvlgari Residences Dubai.

The high-end development is is made up of 168 apartments ranging from one- to three-bedroom units, six four-bedroom penthouses, and 15 mansions ranging from three- to six-bedrooms.

The residences are located within the 1.7 million square foot Bvlgari Resort & Residences Dubai, which includes the world’s first Bvlgari Yacht Club. Units were designed by the Italian architectural firm Antonio Citterio Patricia Viel and are managed by Bvlgari Hotels & Resorts. Residents can avail of hotel-style services, including housekeeping, catering, butlers, personal shoppers and 24-hour concierges.

“We are thrilled to welcome our first residents, who will be living in the Bvlgari residential community on the island,” said Pep Lozano, General Manager of Bvlgari Resort & Residences.

“Everything is set for their arrival and the Bvlgari Resort Dubai is ready to create for them a remarkable experience defined by comfort and convenience and to ensure that their every need will be catered to.”

While the development’s penthouses and seaview mansions are sold out, some apartments with designer kitchens are still up for grabs. Residents can claim perks such as priority berth rental for their boat and complimentary access to the Yacht Club Member Lounge.

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Nakheel Invests AED 201 Million To Ease International City Congestion

The first phase of a comprehensive road development scheme has been completed at Dubai International City, easing access to an area that suffers from rush hour congestion.

The AED 400mn project is led by Dubai’s Roads & Transport Authority (RTA) with Nakheel, the area’s master developer, contributing AED 201mn.

According to Nakheel, new roads will improve traffic flow, reduce journey times and boost safety.

The scheme includes road widening, new interchanges and signalised junctions in and around Dragon City, International City and Warsan Village, where more than 110,000 people live and around 200,000 visit each day.

“This project is essential to the overall, long term master plan at International City, bringing major benefits to existing residents, business owners and visitors in the short term, and paving the way for the future growth of the area,” said Nakheel Chairman, Ali Rashid Lootah.

Traffic studies by Nakheel show that more than 182,000 vehicles currently move in and out of the area every day – a figure which is set to grow as expansions at International City and Dragon Mart continue.

Nakheel is also exploring further traffic enhancement schemes – such as increased parking – within International City.

The area has recently suffered sharp declines in rental values as renters seek out better deals in more sought after areas.

According to Chestertons’ Q2 Observer report, rents in International City fell 7% quarter on quarter in Q2.

Improving access and increasing parking space could be one way of making the area more attractive to renters.

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Deyaar Completes The Atria And Will Soon Begin Handovers

Deyaar Development has announced completion of The Atria residential tower, with the start of handovers described as ‘imminent’. The Atria is the second project completed by Deyaar in 2018, following the handover of the Mont Rose in April.

Located in Business Bay, The Atria is composed of a 30-storey residential tower and a 31-storey, four-star hotel apartment tower. Residents enjoy amenities including a swimming pool and gym, with access to facilities in the adjoining serviced apartments tower. These include restaurants, a retail arena and a central park-plaza atrium.

“The Atria is poised to become an iconic building, taking its place amongst the prestigious towers that Dubai’s skyline is composed of,” said Saeed Al Qatami, CEO of Deyaar.

“With exquisite detailing to set it apart, The Atria is a stunning addition to Deyaar’s portfolio, and we are thrilled to announce the completion of the residential tower as the second project to be handed over this year. Deyaar is committed to delivering quality homes that go above and beyond our residents’ expectations.”

With a total built up area of 1.4 million square feet, The Atria features 219 residential units split into one-bedroom, two-bedroom and three-bedroom apartments, with three-bedroom duplex options and two four-bedroom penthouses. The hotel apartment tower has 347 bespoke apartments, including studios, one, two and three-bedroom apartments, and three-bedroom duplex units.

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Damac Offers Incentives To Invest In Radisson Damac Hills

Damac Properties is offering returns of up to 6% guaranteed for the first three years to investors in the new Radisson Damac Hills project.

The property will feature 481 rooms and will be located on the Trump International Golf Club Dubai at Damac Hills. Investors will have a choice of both one and and two-bedroom suites.

“Dubai’s increasing appeal as a global tourism destination gives direct and indirect investors access into the sector’s growth, as Dubai is set to continue welcoming increasing numbers of tourists well into 2020,” said Hussain Sajwani, Chairman of DAMAC.

“Our partnership with Radisson Hotel Group offers such investors a unique opportunity to invest with two globally recognized industry leaders, and own a part of this exclusive property.”

The property is already under construction and set to welcome its first guests in Q4 2019. The hotel will have two restaurants, leisure facilities and meeting spaces covering 600 square metres.

Damac Hills is a 42 million square-foot master community located in Dubailand. Around 1,000 families already live there, according to the developer and when finished, it will feature more than 4,000 luxury villas and 7,500 condominiums.

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Oriental Pearls To Use Luxury Italian Brand For Its Dubai Projects

Oriental Pearls has signed an agreement to use the upscale Tonino Lamborghini brand across its real estate developments in Dubai.

Royal Pearls is currently working on a large planned community in Dubai’s Meydan One district. The 4.6 million-square-foot development is designed to feature more than 7,500 freehold apartments positioned at the premium end of the market.

Tonino Lamborghini brings a lifestyle experience brand covering luxury products and high-end hospitality projects, including cafes, hotels, residences and apartment hotels. The partnership gives Oriental Pearls exclusive rights to use the Tonino Lamborghini brand in Dubai in the real estate sector for a minimum period of 10 years.

“It gives us great pleasure to be able to partner with Tonino Lamborghini for our upcoming projects in Dubai, beginning with Royal Pearls. Joining hands with Tonino Lamborghini enables us to offer our customers the ultimate bespoke living spaces, customised and fitted to designer premium standards that haven’t been seen yet in Dubai,” said Ma Guolong, CEO of Oriental Pearls.

“After four 5-star hotels and the recent launch of a luxury Tonino Lamborghini Real Estate project in China, I am delighted to start a new partnership in this highly developing sector in Dubai with the Oriental Pearls developer. For the next years to come, our combined efforts will be focused on bringing a new upscale concept of total living to this extraordinary city and country,” declared Mr Lamborghini.

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Dar Al Arkan Mirabilia Is A SAR 600 Million Saudi Villa Project

Dar Al Arkan Mirabilia, a SAR 600 million residential villa project within the SAR 10 billion Shams Al Riyadh Development, has launched.

The villas, with interiors designed by Italian luxury brand Roberto Cavalli, will feature between three and seven bedrooms and range in size from 300 to 1,600 square metres.

Mirabilia (meaning ‘marvels’ in Latin) will overlook nearby Wadi Hanifa and will sit within Shams Al Riyadh, an ambitious mixed-use development designed to occupy around five million square metres.

“Mirabilia will redefine luxury living, offering its residents exclusive experiences right here in Riyadh, in this vast unique landscape that combines meticulously curated urban indulgence from the high-end Italian fashion house Roberto Cavalli with the alluring Wadi Hanifa’s marvels,” said Yousef Bin Abdullah Al Shelash, Chairman of Dar Al Arkan,

“Mirabilia’s new blueprint will set the tone for this amazing region in the capital, Riyadh. I am particularly delighted with our partnership with the Roberto Cavalli Group, which encapsulates the true meaning of high-end luxury and is an embodiment of beauty, design and artistry.”

Located on King Khalid Road, Shams Al Riyadh follows the ‘city within a city’ concept of residential units, amenities, schools, retail units and commercial areas within one managed development.

Infrastructure works investment in Shams Al Riyadh so far stands at more than SR 1 billion, including two power substations as well as main access roads.

Saudi Basic Industries Corporation (SABIC) has endorsed the project, investing an undisclosed amount in a SABIC Residential Complex made up of 600 fully equipped residential units built on a 1.8 million square metre area. SABIC employees began moving into units in 2017.

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Sharjah Holding Launches Latest Stage Of Al Zahia

Sharjah Holding has launched Uptown Al Zahia, the latest stage of its Al Zahia residential development in Sharjah.

Uptown Al Zahia will feature around 700 apartments, with a mix of units ranging from studios to three-bedroom flats. Buildings will feature underground parking and will be located close to restaurants, shops and recreation areas.

“Uptown Al Zahia builds upon the Emirate’s rich cultural and environmental heritage,” said Walid Al Hashimi, chief executive officer, Sharjah Holding. “We are excited to bring to market yet another innovative destination set within a progressive, sustainable, green community.”

The Al Zahia project is located on Sharjah’s University City Road, close to University City and Sharjah International Airport and within easy driving distance of SAIF Zone.

It is currently planned to hold around 12,000 residents in 2,270 villas, townhouses, and apartments, within eight individually designed neighbourhoods. Completion of the entire project is scheduled for 2023.

Sharjah Holding is a partnership between Majid Al Futtaim  Properties and Sharjah Asset Management.

 

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Seven Tides Launches $350 Million Residential Complex In Dubai

Seven Tides has launched SE7EN CITY JLT, an AED 1.3 billion (USD 350 million) tower complex in Jumeirah Lakes Towers.

SE7EN CITY JLT is planned to include 2,635 residential apartments and 150,000 square feet of retail space, a hotel and restaurants.

Studios; one, two and three-bedroom apartments; and a ‘limited number’ of duplexes will be available.

Studios start at AED 354,000; one bedrooms at AED 683,000; two bedrooms at AED 992,000 and three bedrooms at AED 1.4 million.

You can secure a unit with a 5% deposit, after which you pay instalments every quarter until completion in Q3 2021.

Abdulla Bin Sulayem, CEO of, Seven Tides, said he expects studio apartments to yield around 12% per annum.

The project is is already 15% complete, according to the developer, and scheduled for completion in 2021.

“SE7EN CITY JLT is designed to provide everything a resident might possibly want, with retail, entertainment, food and beverage outlets, a nursery, gym and a health club,” said Bin Sulayem.

“However, when residents do venture outside, they’ll still be able to enjoy the urban vibe, with the excitement and fast paced, hustle and bustle of city life, right on their doorstep.”

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Majid Al Futtaim Adds Eco-Friendly Swimming Beach To Tilal Al Ghaf

Majid Al Futtaim has signed an agreement with Chile-based Crystal Lagoons to develop the 70,000-square-metre Lagoon Al Ghaf at its new flagship mixed-use community in Dubai, Tilal Al Ghaf.

According to Majid Al Futtaim, Lagoon Al Ghaf will bring a slice of ‘tropical paradise’ to the Tilal Al Ghaf development and create a ‘premier setting’ for special events. It will feature more than 400 metres of beach and 1.5 kilometres of waterfront promenade and is expected to appeal to families as well as water sports enthusiasts.

“The centrepiece of Tilal Al Ghaf’s masterplan is shaped around active and passive spaces,” said Hawazen Esber, Chief Executive Officer – Communities at Majid Al Futtaim – Properties.

“The swimmable Crystal Lagoon adds a new dimension to community living standards, giving residents and visitors a genuine resort lifestyle experience. The vision is to create a shared space that everyone can use, where families can enjoy meaningful moments together, and where friends and neighbours can meet and relax in an engaging setting.”

Crystal Lagoons has developed a technology that makes water feature like Lagoon Al Ghaf easier and greener to maintain. It uses groundwater, which is actually rising within many of Dubai’s residential developments, to maintain water levels, reducing the amount drawn from the mains. The company says it now has more than 600 projects in 60 countries worldwide in different stages of development and negotiation.

“This is an eco-friendly and sustainable technology, setting a new standard for public space and leisure,” said Carlos Salas, Crystal Lagoons Regional Director Middle East and Asia. “We are able to transform any location into a beautiful beach paradise, and provide a unique amenity for the community to enjoy.”

Tilal Al Ghaf, launched in April, will cover around three million square metres at the intersection of Hessa Street and Sheikh Zayed Bin Hamdan Al Nahyan Street, near Dubai Sports City. It will be built in stages and will feature more than 6,500 freehold homes when finally complete around 2027.