The Luxe Developers, a UAE-based real estate development firm, has officially launched The Celeste and The Stellar, two ultra-luxury residences that form an integral part of the company’s Oceano development, located on Al Marjan Island.   The properties, valued at over AED90 million ($24.4 million) each, address the demand for ultra-luxurious properties in line with the increase in ultra-high-net-worth individuals (UHNWI) relocating to the emirate, stated the developer.   The Celeste and The Stellar, currently the most expensive residences in Ras Al Khaimah, offer a unique living experience, which is epitomised by the available space, eclipsing anything currently available on the real estate market in the emirate, it added.   The Celeste, spanning over 22,000 sq…

As the leading associate, Metropolitan Capital Real Estate, a preeminent full-service real estate firm and a member of the Metropolitan Group, is assisting Ohana Development in launching Elie Saab Waterfront, the first branded home on Al Reem Island, a ground-breaking development for the luxury real estate market in Abu Dhabi.   The Elie Saab Waterfront project, by Ohana Development, is a visionary residential tower that will revolutionize luxury living in the center of Al Reem Island, Abu Dhabi. The 39-story skyscraper will be just the second branded home in Abu Dhabi and the first on the island. It will have 300 parking spaces and 174 opulent apartments with prices ranging from Dh2 million to Dh45 million when it is finished in the first quarter of 2027.   The fact that…

Ras Al Khaimah, UAE - Sofitel Al Hamra Beach Resort, under the holding company Al Hamra Real Estate Development LLC, is poised to epitomize luxury on the shores of Ras Al Khaimah, as it will be officially opening its doors in May. Guests are invited to immerse themselves in a realm where the enchanting rhythms of the Arabian Gulf seamlessly intertwine with the timeless sophistication of French Art De Vivre. Nestled within Al Hamara Village, elegantly lining the pristine coastline of Ras Al Khaimah, this unique 5-star destination promises a bespoke experience for the discerning traveler.       Kristina Zanic Consultants has brought a touch of French flair to Ras Al Khaimah, unveiling exquisite interiors for the emirate’s first Sofitel property. The resort…

ABU DHABI - Bloom Holding, one of the UAE’s foremost real estate development companies, announced that Olvera, its latest phase of Bloom Living, has sold out in record time. Bloom’s sales centre witnessed huge numbers of customers and investors interested in the townhouses offered within the sixth phase of Bloom Living.   All villas and townhouses in Bloom Living’s launched phases have been sold out reflecting the strength of the project’s proposition as a premium community living destination that caters to the evolving needs of residents.   Bloom Holding CEO Carlos Wakim commented, “Bloom Living has attracted significant interest from both local and international buyers looking for integrated community living in prime location. The success of…

ABU DHABI: Abu Dhabi Real Estate Centre (ADREC) – the custodian and regulator of Abu Dhabi’s world-class real estate sector – announced the relocation of its Real Estate Transaction Centre and Customer Service Hall to its newly opened headquarters in Al Markaziyah, Abu Dhabi. Both facilities are now open, operational and tasked with enhancing the customer service experience of all stakeholders within Abu Dhabi’s real estate ecosystem.   “Abu Dhabi has a clear strategy to elevate its real estate sector to rank among the most resilient, commercially attractive and sustainably developed in the world. 2024 will prove to be an instrumental year for Abu Dhabi, and we look forward to engaging with all stakeholders as we shape the future of Abu Dhabi real…

Major Developers, a UAE-based real estate company specialising in luxury living experiences, has announced the launch of Manta Bay, an AED 1 Billion luxury project in Ras Al Khaimah.   This milestone project marks Major Developers' first endeavour in the emirate and signifies a major investment in the region's luxury market. Inspired by the majestic manta bay and embodying exclusivity.   Manta Bay which is scheduled to commence its construction in Q2, 2024, will offer unique architectural solutions, modern comforts, and a flowing design situated on Al Marjan Island, poised to become a regional landmark, promises to redefine luxury living in Ras Al Khaimah.   Andrei Charapenak, CEO of Major Developers, said, "We are thrilled to announce our partnership with Marjan for…

Abu Dhabi's property market recorded resilient growth in the first quarter as the UAE's capital city continues to attract global investors amid a surge in sales prices, particularly in upscale neighbourhoods. Data from Bayut, a leading property portal in the UAE, shows that sales prices for luxury apartments and villas in popular neighbourhoods have increased by up to six per cent in the first quarter of 2024. Saadiyat Island has seen moderate price hikes, with luxury apartments experiencing a 3.64 per cent surge and premium villas witnessing a 5.53 per cent appreciation. “The data analysis for the first quarter indicates a steady growth trajectory in Abu Dhabi's real estate market. The rise in property prices, transaction volume and total transaction value reflects the market's…

For the first three months of 2024, the master developer Aldar in Abu Dhabi achieved a net profit (after tax) of Dh1.6 billion, an 88% increase over the same period in 2023. These came from revenues of Dh5.6 billion, up 83% year over year, and EBITDA of Dh1.8 billion, up 90% year over year. The developer numbers are increasing as a result of the opening of its first residential community in Dubai and Ras Al Khaimah, in addition to the profits from its ongoing series of off-plan launches in Abu Dhabi. Aldar is expected to introduce its second project in Dubai soon. “We look to further growth this year through our strong development pipeline and new opportunities to expand our recurring income portfolio,” said Talal Al Dhiyebi, Group CEO. The backlog for Aldar…

Dubai Investments has broken ground on its residential and hotel towers project located in the northern emirate of Ras Al Khaimah, spanning a 90,000 sqm area, with 40,000 sq m of beaches featuring 189 villas.   The key development - comprising Danah Bay Residential Tower and the 4-star Grand Millennium resort - is being built at a total investment of AED1 billion ($272 million) on Danah Bay, Al Marjan Island.   Standing tall at 89m high, the Danah Bay Residential Tower, will offer 143 units comprising one- to four-bedroom apartments and luxurious penthouses, said Dubai Investments in its statement.   With its distinctive wavy, glazed façade and breathtaking sea views, the tower promises residents a sanctuary of tranquility, complemented by direct beach access…

Jubail Island Investment Company (JIIC) has announced that it has achieved a major milestone in Abu Dhabi's real estate market with the handover of 44 residential units at the Nad Al Dhabi village - located within its AED15 billion ($4.1 billion) mega island development - to the first batch of homeowners.   Nad Al Dhabi is one of six villages located within Jubail Island, offering residents access to a range of well-curated amenities and residential options. This village will see the addition of a community centre and dedicated mosque during the fourth quarter of this year.   The community centre will include a majlis, a leisure pool, a gym, a room for fitness classes, a multi-purpose community space, an indoor kid’s playroom, a kid’s pool, a kid’s…

 Reportage Properties, the leading UAE real estate developer, is organizing a special sales day at the Rosewood Abu Dhabi Hotel next Sunday, April 28. The company make special offers on selected projects, including an offer of 10% discount on all of their projects, with a 10% down payment, and 1% monthly  installments until  units handing off. There is also another offer that includes a 5% discount, with a 5% down payment, 1% per monthly installments until unit hand off. The offer also enables buyers to benefit from a 15% discount when making a 20% down payment. The “Reportage Properties” portfolio includes 35 projects in the UAE, Egypt, Turkey, Morocco and Saudi Arabia. The company confirmed keenness to continue providing many discounts and special offers on…

UAE - Al Hamra, a leading lifestyle developer and real estate investment company in Ras Al Khaimah, has announced the development of Al Hamra Waterfront, a waterfront residential project within its flagship and award-winning residential community of Al Hamra Village.   Located along the shores of the Royal Yacht Club of Ras Al Khaimah, the project comprises 622 apartments across five 18-floor buildings and 19 townhouses encompassing four clusters, with each residence featuring sea view and a balcony.   With a starting price of AED1.1 million ($300 million), Al Hamra Waterfront consists of studios, one-, two-, and three-bedroom apartments and four-bedroom, duplex townhouses.   The project comes with a plethora of amenities, including a promenade, coworking space,…