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…

SHARJAH: Arada and Minor Hotels have officially launched off-plan sales for Anantara Sharjah Residences, a new destination for luxury seaside living. Each of the 128 branded residences is housed within the grounds of the Anantara Sharjah Resort, a five-star hotel complex that is set to represent the ultimate in high-end beachfront hospitality.     Owned and developed by Arada and operated by Minor Hotels, the Anantara Sharjah Residences and Anantara Sharjah Resort will feature striking architecture including a signature gateway that is designed to show the path of the sun. The complex is located on the north-eastern edge of Al Heerah Beach, a popular tourist destination in its own right with 3.5 kilometres of beachfront containing jogging and cycling tracks and a wide variety…

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…

Return on property investment in the emirate of Ras Al Khaimah can be between 16 to 20 per cent, a veteran developer said. “Ras Al Khaimah is currently giving ROIs of 16-20 per cent, which is one of the highest in the world. With the gaming resort coming up, and space being limited, this is only going to grow,” Rahul Kumar Gupta, chairman of Aark Developers, said. Aark Developers last week announced the launch of its latest project Sora Beach Residences a Dh4 billion project in Al Marjan IslandAbdulla Al Abdouli, CEO of Marjan, said; “Sora Beach Residences will further elevate the appeal of Al Marjan Island and offer an exceptional opportunity to invest in ultra-premium waterfront living. This further reinstates Ras Al Khaimah’s appeal as a fast-growing…

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…

AJMAN - Omar bin Omair Al Muhairi, Director-General of Ajman’s Department of Land and Real Estate Regulation, has revealed that the latest quarterly real estate report showcased the registration of 400 real estate valuation transactions with a total value exceeding AED1.92 billion.   Al Muhairi highlighted a significant surge in personal valuation transactions, marking a 129% increase compared to the same period in 2023. Notably, the department recorded 277 real estate valuation transactions for golden visas for investors, totalling AED669 million.   He explained that the figures recorded during Q1 2024 reflect the continued momentum of the Ajman real estate market, which is maintaining its upward trajectory in light of the favourable investment environment, diverse…

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…

The leading real estate developer in the Sharjah emirate, Alef Group, has announced that 819 residential units at Al Mamsha, Souks’s zone, have been turned over to clients. Issa Ataya, CEO of Alef Group, said, “This milestone marks a significant moment in the growth of the community, and it’s truly a testament to the remarkable development of Al Mamsha and Sharjah. Customers and residents benefit from our unwavering commitment to exceptional quality.” He added, “Al Mamsha holds a special significance in Muwaileh, serving as a vibrant hub for residents and businesses alike. Its unique footprint in the area has not only transformed the landscape but also enriched the community with its diverse offerings.” A variety of one-, two-, and three-bedroom…

Alef Group, the leading real estate development company in the emirate of Sharjah, has announced the handover of 819 residential units to customers at Al Mamsha, Souks’s zone. Issa Ataya, CEO of Alef Group, said, “This milestone marks a significant moment in the growth of the community, and it's truly a testament to the remarkable development of Al Mamsha and Sharjah. Customers and residents benefit from our unwavering commitment to exceptional quality.” He added, “Al Mamsha holds a special significance in Muwaileh, serving as a vibrant hub for residents and businesses alike. Its unique footprint in the area has not only transformed the landscape but also enriched the community with its diverse offerings.” The Al Mamsha Souks project features a mix of…

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…