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…

The company that owns the Anantara hotel brand, Minor Hotels, has revealed plans to build a new resort and branded housing complex in Sharjah. Arada is developing the Anantara Sharjah Resort and Anantara Sharjah Residences, slated to open in late 2027. The new complex will have 128 opulent one- to four-bedroom residential units for sale in addition to 110 guest rooms and suites. It will be situated along Sharjah’s Al Heerah Beach, only a 30-minute from Dubai Airport. An infinity pool, Anantara spa, a cutting-edge fitness center, and five restaurants offering a range of culinary specialties are among the amenities. There will also be spaces for events and meetings. “Anantara is one of the most distinguished luxury hotel brands in the world and it is a privilege to bring…

Sharjah Asset Management, the investment arm of the Sharjah government, participated in the 2024 Arabian Travel Market under the Sharjah government pavilion. The company showcased its major projects in the tourism and hospitality sector, in addition to exploring new cooperation opportunities with leading international entities and companies in various sectors of tourism, travel, and hospitality.   During its participation in the press conference held by the www.sharjahtourism.aeSharjah Tourism and Commerce Development Authority on the sidelines of the exhibition, Sharjah Asset Management highlighted the most significant investment projects under its umbrella, along with its geographical expansions, investments, and various projects worldwide that contribute to supporting and…

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…