Jubail Island Investment Company (JIIC) has unveiled Bada Al Jubail, an exclusive beachfront community featuring luxurious mansions on Jubail Island, at a development value of AED4 billion, spanking over 446,000 square meters of land with 8 kilometres of beach frontage.   Plot areas on Bada Al Jubail will range from 2,000 sqm to 6,000 sqm, with nine typologies of mansions ranging from 1,100 sqm to 3,000 sqm.   Mounir Haidar, Managing Director of JIIC, said, “Following the soft launch of Bada Al Jubail, which received an overwhelmingly positive response, and with the recent handover of the residential units on Jubail Island, homeowners are beginning to appreciate the island's unique value proposition. This is attracting affluent buyers and investors seeking a unique…

Dubai-based Azizi Developments has announced that work is nearing completion on its Creek Views II - a AED350 million ($95.2 million) luxury development located on the shores of Dubai Creek in Dubai Healthcare City - and is scheduled for handover soon.   Strategically located in the most central part of the city, the development comprises 587 residences across 116 studios and 436 one- and 35 two-bedroom units, and features, among other amenities, two swimming pools, a sauna, a steam room, a fully equipped gym, and a children’s play area.   Creek Views II’s unique design represents Dubai’s journey from its traditional past to a modern, reinvented future, stated the developer.   Structure, blockwork, internal plaster, HVAC, tiling works, the swimming…

Launched on Thursday, La Maison Amal is a new super-prime residential project in Dubai’s Al Barari neighborhood that focuses on wellness. This move is expected to cause a stir in the real estate market of the emirate. The five-bedroom home is praised for its ability to combine luxury living with peace, quiet, and well-being. The CEO and founder of Maria Morris Real Estate, Maria Morris, stated that La Maison Amal was introduced in response to the changing needs of contemporary UHNW purchasers who seek experiences beyond conventional luxury. “Recognising the shift towards wellness post-COVID, this [La Maison Amal] home sets a new standard in the world of ultra-luxury living, where every square foot is an embodiment of wellness and health-conscious living, ” he…

Sheikh Zayed Housing Programme has announced that 4,334 decisions were made in 2023 valued at AED3.34 billion. These included 3,015 housing finance decisions at AED2,380,551,000 and 1,025 housing grants at AED682,300,000.   Mohammed Al Mansoori, Director-General of Sheikh Zayed Housing Programme, said that active loan decisions amount to AED17.502 billion, at 90.6%, while the percentage of closed loan files is 9.4%.   Since its establishment in 1999, Sheikh Zayed Housing Programme has committed to enhancing citizens' well-being and the quality of life for Emirati families through sustainable housing solutions. Owing to the future-oriented vision of wise leadership, the Programme has made notable achievements that have touched the lives of thousands of…

In what seems like taking a leaf out of residents’ book, several local and regional companies in Dubai are increasingly making a shift from renting to owning properties amid rising rentals.   This is similar to the trend prevalent among Dubai residents who for the past few years are keen on buying properties in a bid to beat the rising rentals. In fact, this trend has been one of the key drivers of Dubai’s residential property market in the post-pandemic period.   Real estate industry analysts say the trend of companies looking to own properties rather than renting is prevalent in both office and industrial sectors.   Robert Thomas, head of agency at Cushman & Wakefield Core, said: “We particularly see local entities who know that their growth…