DHG Properties Hits Major Sales Milestone for Helvetia Residences in Dubai | Kanebridge News
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DHG Properties Hits Major Sales Milestone for Helvetia Residences in Dubai

Amidst Dubai’s impressive real estate growth, DHG Properties has announced that 58% of units in their latest project, Helvetia Residences, have already been sold.

Wed, Aug 7, 2024 4:23pmGrey Clock 2 min

DHG Properties, a leading Swiss real estate development company, announced a significant sales milestone for its latest project, Helvetia Residences, located in Jumeirah Village Circle, Dubai. And 58% of the units have already been sold.

Dubai’s real estate sector has demonstrated impressive growth, with strong activity in both off-plan and ready property markets. In Q2 of 2024, off-plan properties accounted for about 62.4% of the market transactions, according to the company.

Flats were the most popular property type, with transactions totaling AED 4.3 billion, representing 81.7% of these sales in key areas such as Dubai Hills, Business Bay, and Jumeirah Village Circle.

Ready properties also performed well during this period, with transactions amounting to AED 3 billion, making up 37.6% of the market.

This robust performance highlights Dubai’s market resilience and the growing investor interest in the residential sector, the company added.

On the sales milestone, founder and chairman Blagoje Antić said: “Dubai keeps proving itself as a top spot for real estate investment as we have witnessed significant growth in both sales volume and value. The total number of property transactions reached 43,261 in Q2, up 18.5%, thus netting a total sales value of more than AED120 billion when compared to the previous quarter, which recorded 36,448 transactions and amounting to AED108.2 billion.”

Antić pointed out that this surge has also been reflected in the sales of DHG’s currently under construction project, Helvetia Residences, as we have achieved 58% of units sold to date.

“As the demand for off-plan property in Dubai continues to grow, we are actively anticipating market needs to ensure Helvetia Residences is not only delivered on time but is also setting new industry standards in line with the vision of the UAE – this is what has led to our excellence overseas, and it remains a formula that we are working towards replicating here as well,” he added.

Through the Helvetia Residences project, DHG Properties is bringing its unique European flair to the UAE in Jumeirah Village Circle, thus catering to Dubai’s diverse population and help boost DHG’s portfolio.

With a 30-year track record, the Swiss developer boasts 300 completed projects, 2.5 million sq m of development, and over 1,500 residential and commercial projects in the pipeline.



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Q-East Set to Elevate the District with Modern, Community-Centric, and Luxurious Living

Fri, Sep 20, 2024 2 min

Alphabeta Properties unveiled its latest flagship development, Q-East. This project is poised to transform Al Quoz—an area known for its industrial and creative roots—by introducing a contemporary, upscale community that seamlessly blends luxury, innovation, and community-focused design.

More than just a real estate venture, Q-East represents a bold vision to redefine Al Quoz’s landscape. Offering a diverse range of residential, commercial, and retail spaces, each crafted to the highest modern living standards, the development includes everything from opulent penthouses to cutting-edge commercial spaces and distinctive retail outlets. Q-East is set to establish a new standard for real estate in the area.

“Al Quoz is on the brink of a transformation, and Q-East is leading the charge,” said Abdulla Al Shaibani, founder of Alphabeta Properties. “With this development, we are not only redefining the real estate offerings in Al Quoz but also contributing to the evolution of Dubai’s urban landscape. Q-East is a testament to our commitment to innovation, quality, and community.”

Q-East is designed to offer a unique lifestyle experience, with 12 distinct concepts already confirmed, including a cutting-edge fitness and wellness center, a luxury cinema, a boutique bistro, and an immersive Japanese dining experience. Additionally, the project will feature a vibrant food hall, an arcade, a podcast recording studio, and a large event hall, ensuring there’s something for everyone.

One of the most anticipated elements of Q-East is the auction of 17 luxury penthouses available for rent. This event will build on the remarkable success of Alphabeta Properties previous auction of apartments in their prestigious M77 residential complex in Meydan. Each penthouse at Q-East will feature a private pool and is designed to offer unmatched exclusivity. This event, set to coincide with the grand opening, is expected to attract significant attention from high-end buyers across the region, reinforcing Q-East’s position as a premier destination for luxury living in Dubai.

As Alphabeta Properties prepares to deliver the first phase of Q-East by Q4 2024, the excitement is palpable. With 83% of the retail units already booked, it’s clear that Q-East is set to become a vibrant, thriving community and a key player in the ongoing transformation of Al Quoz.

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Red Sea Global Secures Six New LEED Certifications, Strengthening its Leadership in Sustainable Tourism Development

Becoming the only developer outside the US to make the 2024 LEED Power Builders list.

Fri, Sep 20, 2024 3 min

Red Sea Global (RSG), the developer behind the regenerative tourism projects The Red Sea and AMAALA, has been awarded six new LEED certifications for properties at The Red Sea, further reinforcing its leadership in creating sustainable and energy-efficient buildings. In addition, RSG has achieved LEED for Cities and Communities pre-certification for the AMAALA masterplan.

“We were determined to redefine industry standards from the outset. To ensure we deliver on this ambition, our development and delivery teams work hand in hand with our sustainability team at every stage, scrutinizing design plans and collaborating during the build process, resulting in high quality, low-impact properties,” said John Pagano, Group CEO at Red Sea Global.

The seven latest certifications RSG achieved are:

To achieve LEED certification, each building incorporates a range of sustainability features including passive design techniques, energy-efficient technologies, sustainable material selection, water conservation strategies, building management systems, and treated sewage effluent for irrigation.

Peter Templeton, CEO at the US Green Building Council (USGBC), said: “Achieving LEED certification is more than just implementing sustainable practices. It represents a commitment to making the world a better place and influencing others to do better. Given the extraordinary importance of climate protection and the central role buildings play in that effort, Red Sea Global is creating a path forward through their LEED certification.”

All six properties newly certified at The Red Sea are connected to the destination’s renewable infrastructure and operate entirely on solar energy. Across Phase One of the development alone, this will avoid the equivalent of 575,000t of carbon dioxide being emitted into the atmosphere per year. This is equal to removing more than 133,000 cars from the road for one year or powering 75,000 homes. AMAALA will be powered the same way and will avoid 350,000tCO2eq per year across Phase One of its development.

Further, Red Sea International Airport (RSI) is the only airport across the Gulf Cooperation Council countries powered by sunlight 24 hours a day.

When it opened last year, Six Senses Southern Dunes, The Red Sea, became the first hotel in Saudi Arabia to achieve LEED Platinum status. In July 2024, the US Green Building Council included Red Sea Global in its 2024 LEED Power Builders, a recognition awarded to developers and builders that have exhibited an outstanding commitment to LEED and residential green building. RSG is the only developer outside the US to have made that list.

LEED v4.1 Building Design + Construction is a global benchmark in energy and environmental design. Achieving the certification is the foundation for other accreditations, such as LEED Zero, a complement to LEED that verifies the achievement of net zero goals in buildings during operation and maintenance.

The Red Sea welcomed its first guests last year, with three of its hotels now open. Shebara and Desert Rock will welcome first guests later this year, while Shura Island is on track to welcome guests in 2025. RSI, which is situated within three hours’ flying time of 250 million people and eight hours’ flying time for 8% of the world’s population, has been receiving a regular schedule of domestic flights since September 2023. International flights began in April 2024, with a twice-weekly route between The Red Sea and Dubai International.

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HRE Development Launches AED 10 Billion SkyHills 2 Project in JVC

The project is scheduled for completion by Q2 2026.

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HRE Development has unveiled its newest project, SkyHills 2, with plans to invest AED 10 billion over the next three years. Positioned in the vibrant Jumeirah Village Circle (JVC), SkyHills 2 is a premium mixed-use development that aims to transform community living through a unique combination of residential and commercial spaces. The project will feature 509 luxury apartments and 17 retail outlets, with completion expected by Q2 2026.

Offering a range of residential options, from studios to 3-bedroom duplexes, and starting prices from AED 680,000, SkyHills 2 is poised to attract a broad spectrum of investors and homeowners seeking upscale living in a prime location. The development is set to cater to the growing demand for modern, integrated communities in JVC, one of Dubai’s most rapidly expanding neighborhoods.

 

“The launch of SkyHills 2 marks another milestone in our journey of transforming how people live and engage within communities. As JVC continues to grow as a sought-after area in Dubai, we are confident that SkyHills 2 will be a standout choice for investors and residents alike. Our commitment to excellence and innovation has driven us to deliver outstanding real estate developments that not only enhance communities but also set new standards in the industry. Looking ahead, we are excited about the opportunities to further expand our portfolio, with the SkyHills 3 project to be announced soon.  Our dedicated team remains focused on achieving our goals, embracing sustainable practices, and creating exceptional value for our stakeholders to further contributing to the growth and prosperity of the markets we serve,” said Mr. Mohamed Adib Hijazi, Chairman of HRE Development.

JVC has seen a remarkable rise in property transactions, with over 10,828 deals amounting to AED 12.8 billion recorded in 2024. This upward trend reflects JVC’s emergence as a key area in Dubai’s real estate landscape, surpassing established districts such as Business Bay and Dubai Marina. SkyHills 2 is positioned to capitalize on this growth, offering investors an opportunity to be part of JVC’s rapidly expanding community.

SkyHills 2 offers fully-furnished apartments and is equipped with a comprehensive range of amenities aimed at enhancing the lifestyle of its residents and adding value to the community. Key features include landscaped areas and water features, outdoor gym and a state-of-the-art fitness center, basketball and tennis courts, swimming pool and sauna and kids’ play area and peaceful sitting spaces.

Each furnished unit at SkyHills 2 is crafted with meticulous attention to detail, offering top-tier branded finishes and modern technologies such as high-quality sanitary fittings from Nobili, Grohe, and Geberit, premium kitchen appliances from Bosch, Teka, and Elleci, smart home automation powered by HDL and air conditioning by Carrier and elegant interiors with polished porcelain tiles and quartz countertops.

“HRE is committed to pioneering innovative architectural designs that redefine boundaries and result in visually captivating structures. Every detail, from design concepts to material selection, is meticulously planned and executed. With a strong foundation in contracting and construction, HRE understands the critical importance of adhering to rigorous guidelines and maintaining the highest quality control standards. Our well-established systems and processes ensure that every project consistently meets or exceeds industry benchmarks,” said Mr. Sami Diyabi, Executive Director, HRE Development.

Established in 2003, HRE Development has grown from a reliable construction company into a major player in the UAE’s real estate sector. With over 200 projects successfully delivered across the region, HRE has a proven track record of delivering high-quality, luxury developments that enhance urban living. As the company expands its portfolio, projects like SkyHills 2 reflect HRE’s ongoing commitment to creating sustainable, innovative spaces that cater to the evolving needs of modern buyers.

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Aldar and Mubadala Strengthen Strategic Partnership to Drive Abu Dhabi’s Global Growth and Innovation

The partnership aims to unlock greater value for both parties and drive further transformation and growth of Abu Dhabi

Thu, Sep 19, 2024 4 min

Aldar Properties and Mubadala Investment Company have expanded their long-standing strategic partnership by establishing a series of joint ventures to manage and own assets across Abu Dhabi, with a combined value exceeding AED 30 billion. This collaboration aims to enhance value for both entities while driving the continued transformation and growth of Abu Dhabi as a premier global business and lifestyle hub.

The partnership was inaugurated by His Highness Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Chairman of the Abu Dhabi Executive Council. He emphasized the importance of public-private partnerships in advancing Abu Dhabi’s transformation, fostering sustainable economic growth, and highlighting the emirate’s investment opportunities within its business-friendly and innovation-driven economy.

The partnership, which utilizes Mubadala’s land bank and institutional expertise and Aldar’s strength in development and asset management, will be owned 60:40 by Aldar and Mubadala respectively. The four joint ventures will create substantial value for Abu Dhabi through a worldclass retail platform to consolidate the emirate’s premium shopping destinations, the acquisition of sustainable mature residential and commercial income-generating assets in Masdar City, the development of strategically located islands adjacent to Saadiyat Island and Yas Island, and the creation of a logistics park close to Zayed International Airport.

The parties aim to finalize and complete the transactions within the coming months, subject to final due diligence.

Talal Al Dhiyebi, Group Chief Executive Officer of Aldar, said: “This deal represents the continued evolution of our strategic partnership with Mubadala, with the latest collaboration designed to create substantial value for both parties by combining Aldar’s expertise in real estate asset management and development, and Mubadala’s portfolio of high-quality income-generating assets and land bank. We expect these opportunities to deliver attractive returns for our shareholders and to make a notable contribution to Abu Dhabi’s development as a premier international business and lifestyle destination.”

Dr Bakheet Al Katheeri, Chief Executive Officer of UAE Investments Platform at Mubadala, said: “Mubadala welcomes the expansion of its longstanding partnership with Aldar through these strategic joint ventures. Capitalizing on Aldar’s position as the national real estate champion with a proven track record in development and active asset management, along with Mubadala’s portfolio of prime land and established income-generating assets, this collaboration, once concluded, is expected to unlock significant value creation opportunities. This strategic partnership aims to optimize asset utilization, drive long-term returns, and continue to position Abu Dhabi as the global premier business and lifestyle destination.”

The agreements will build on Mubadala and Aldar’s longstanding partnership. Following Aldar’s acquisition of the four Abu Dhabi Global Market towers from Mubadala in 2022, a joint venture was created between both parties to acquire Al Maryah Tower and develop further Grade A commercial space across Abu Dhabi’s international financial center.

Creation of a premium retail platform in Abu Dhabi

Through the partnership, Mubadala and Aldar will create an AED 9 billion retail platform that will own Abu Dhabi’s existing premier retail destinations. Aldar will include its flagship retail destination, Yas Mall, while Mubadala will contribute The Galleria Luxury Collection, a luxury retail experience at Abu Dhabi Global Market, Al Maryah Island.

The new platform is expected to provide substantial synergies for the underlying assets through a coordinated retail strategy that will leverage its scale to attract new luxury brands to Abu Dhabi and provide customers with world class retail experiences.

The transaction provides diversification benefits for both parties and significant revenue upside from active asset management provided by Aldar, which has an excellent track record in retail value creation and will own a majority stake in the platform. The Galleria Luxury Collection is also located within the financial district, providing additional synergies for Aldar, having acquired the four adjacent ADGM towers in 2022. Occupancy at the towers now stands at 95%.

Joint ownership of income generating assets at Masdar City

In addition, Mubadala and Aldar intend to establish a joint venture to own AED 3 billion worth of income-generating real estate assets at Masdar City, Abu Dhabi’s sustainable urban community and free zone hub.

The joint venture, once finalized, will include existing income-generating commercial and residential properties totaling more than 400,000 square meters of net leasable area (NLA) with overall occupancy currently standing at more than 95 per cent. The partners will own the 14 assets within the Masdar City Green REIT, with all buildings LEED Gold or LEED Platinum certified, as well as three further assets within the masterplan. In addition, two assets under construction, with a further 50,000 square meters of NLA, are intended to be contributed to the joint venture once completed.

Development of luxury waterfront communities in prime Abu Dhabi locations

Leveraging Mubadala’s portfolio of prime land across Abu Dhabi, the companies aim to masterplan and develop wellness-focused luxury waterfront communities through a joint venture for two undeveloped islands that sit off the coasts of Saadiyat Island and Yas Island. The combined gross development value of the projects stands at AED 13 billion.

The first island sits between Saadiyat Marina and Reem Island along 3km of waterfront. The site, which will be acquired from Mubadala by the joint venture, complements Aldar’s luxury living offering in Saadiyat Cultural District. The joint venture will also acquire a 3.7 million square meter island that sits between Yas Island and Al Raha from Mubadala and will be developed as a premium waterfront villa community.

Development of a landmark logistics park

Mubadala and Aldar are also seeking to develop an AED 5 billion Grade A industrial logistics park in Al Falah with a gross floor area of 1.2 million square meters. The development is strategically located within a 2km radius of Zayed International Airport with easy access to a number of major highways.

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NABNI Developments announced the completion of the luxurious Avenue Residence 4. Situated in the dynamic Al Furjan district, this 13-storey residential building offers a tranquil retreat, blending elegant design with an unmatched lifestyle and privacy.

The prestigious property comprises 135 apartments, offering an elevated and tailored living experience with 64 one-bedroom, 61 two-bedroom, and 10 three-bedroom units. Avenue Residence 4 is a representation of refined sophistication, featuring architectural brilliance and opulent gold-plated finishes throughout.

Khalid Alsuwaidi, Chief Commercial Officer of NABNI Developments says, “We are thrilled to announce the successful completion of Avenue Residence 4, a testament to NABNI Developments’ unwavering commitment to redefining luxurious living in Dubai. This project represents the pinnacle of our dedication to crafting homes that seamlessly blend elegance, comfort and innovation. At NABNI Developments, we take pride in delivering a signature living experience that sets a new standard for opulence and comfort in Dubai.”

Located just a step away from the Discovery Gardens metro station, Avenue Residence 4 embodies a harmonious lifestyle, crafted with both form and function, for seamless design integration. Each apartment adorns affluent NemoTM chandeliers, 3.20-meter-high ceilings and glass balconies, encompassing picturesque city views of Dubai’s famous skyline. The apartments are meticulously designed with elegant interiors incorporating Italian finishes and fixtures, including a fully equipped Italian kitchen, spacious wardrobes, and built-in SiemensTM appliances.

The extravagant property provides an array of exclusive facilities, such as a state-of-the-art fitness center with TechnogymTM equipment, a temperature-controlled swimming pool, and a dedicated kids’ play area. Residents can also enjoy round-the-clock security, and a G+2 podium parking, for ultimate comfort.

Avenue Residence 4 offers discerning residents a peaceful recluse and the lavish rarity to connect or disconnect from Dubai’s bustling city life. It provides easy access to the city’s famous districts and attractions, including Ibn Battuta Mall, The Beach, Dubai Marina, Bluewaters Island, and Palm Jumeirah. With easy access to Sheikh Zayed Road, Mohammed Bin Zayed Road, and Emirates Roads, residents can effortlessly commute to The Dubai Mall, Downtown Dubai, and Al Maktoum International Airport (DWC).

Avenue Residence 4 by NABNI Developments presents an unparalleled lifestyle with its exquisite amenities, privacy and sophistication, evident in every detail. Residents are promised a tranquil retreat where privacy, prestige, and personalized services await.

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ADGM partners with DMT to transfer the real estate and municipal services on Al Reem Island

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Abu Dhabi Global Market (ADGM), the international financial hub of the UAE’s capital, has announced a significant Memorandum of Understanding (MoU) with the Department of Municipalities and Transport (DMT) to streamline the transfer of real estate services within ADGM’s expanded jurisdiction.

With ADGM’s growing presence on Al Reem Island, this strategic partnership with DMT will facilitate the transfer of real estate services, enhancing the quality and efficiency of municipal offerings for both residents and businesses in the area. The MoU clearly defines the responsibilities of both entities, ensuring a smooth transition of real estate management from DMT to ADGM, while promoting continued collaboration on urban planning, infrastructure, and other essential services.

Commenting on the MoU, Hamad Sayah Al Mazrouei, CEO of the ADGM Registration Authority, said: “This collaboration with DMT marks a pivotal step in ADGM’s expansion journey, setting new benchmarks for the real estate sector. Our expansion to Al Reem Island is not only a milestone for ADGM but also a significant benefit to those living and working within our jurisdiction. It reflects ADGM’s unwavering commitment to supporting Abu Dhabi’s exponential growth and fosters a thriving ecosystem for investment. Through this MoU, we aim to leverage our combined expertise to deliver high-quality, efficient services that cater to the evolving needs of the community. Alongside this expansion, ADGM will also introduce a comprehensive regulatory framework to ensure transparent, efficient, and globally aligned real estate practices within the expanded jurisdiction, furthering our dedication to innovation and excellence in real estate regulations”

Reflecting on the significance of the MoU, H.E. Dr. Salem Al Kaabi, Director General of Operational Affairs at the DMT, said: “This Memorandum of Understanding represents a significant milestone in our collaborative efforts to enhance the quality and efficiency of real estate services in Abu Dhabi. By partnering with ADGM, we are facilitating a smoother integration process and reinforcing our commitment to excellence in urban development. This cooperation embodies our shared vision to drive progress, streamline operations, and ultimately deliver exceptional amenities to our community.”

This strategic partnership enables ADGM to spearhead innovation, efficiency, and excellence in real estate and municipal services, further strengthening Abu Dhabi’s position as a leading global financial hub for business and investment.

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Al Areen Holding Launches Exclusive Campaign for Luxurious Tilal Residential

Running from September 19th to 29th, the campaign will feature exclusive offers.

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Al Areen Holding Company, a subsidiary of GFH Financial Group and the developer behind the Al Areen masterplan, has launched a ten-day promotional campaign to showcase its innovative Tilal Residential Project, an upcoming contemporary destination offering a luxurious lifestyle with stunning views of nature and the Al Areen Wildlife Reserve.

Running from September 19th to 29th, the campaign will feature exclusive offers on residential units within the expansive Tilal Residential Project, which covers over 93,000 square meters. The project includes a variety of luxurious villas and townhouses, characterized by modern design, spacious layouts, and options ranging from 3 to 5 bedrooms. Most townhouses offer 3 bedrooms, with designs reflecting contemporary trends. Each unit is crafted with high-quality finishes, paying close attention to modern lifestyle needs and environmental sustainability.

Throughout the campaign, Al Areen Holding Company will provide detailed information on the project’s facilities and services, including shared parks, walkways, and playgrounds, all designed to foster a high-quality, upscale community atmosphere. Additionally, interested buyers will have access to flexible financing options through Khaleeji Bank, tailored to meet their needs.

In this context, Mr. Ahmed Khalfan, Chief Marketing and Sales Officer of Al Areen Holding and CEO of Tilal Residential Project, commented: “We are excited to launch this promotional campaign for Tilal Residential Project, which represents a valuable addition to the real estate market in Bahrain. We believe that this project will be a destination for anyone seeking an integrated and distinctive lifestyle in a scenic natural environment. During this occasion, we will have the opportunity to highlight the singular features embraced by the project.”

He added: “We invite everyone to visit our platform at City Centre Bahrain during the campaign period and benefit from the exclusive offers available, as Tilal Residential Project represents a unique opportunity to own and invest in the heart of nature.”

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Meraas Awards AED 850 Million Contract to Dutco Construction for Bvlgari Lighthouse on Jumeira Bay Island

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Meraas, part of Dubai Holding Real Estate, has awarded an AED 850 million contract to Dutco Construction Co LLC for the construction of the Bvlgari Lighthouse on Jumeira Bay Island. With marine works on this section of the island now complete, construction will soon begin on the 27-storey luxury residential tower. Designed by the world-renowned architecture firm Antonio Citterio Patricia Viel, the Bvlgari Lighthouse is poised to become one of the city’s most prestigious landmarks.

Inspired by the elegance and luxury of the renowned Italian jeweler, the tower will feature four and five-bedroom penthouses, along with an extraordinary eight-bedroom Sky Villa. This exclusive villa will occupy the top three floors and boast expansive private rooftop gardens, outdoor living spaces, a private pool, and sophisticated lounge areas on both sides of the building.

Scheduled for completion by Q2 2027, the Bvlgari Lighthouse is Bvlgari’s third project in collaboration with Meraas.

Khalid Al Malik, Chief Executive Officer of Dubai Holding Real Estate, said: “Meraas remains steadfast in its commitment to creating and delivering some of Dubai’s most distinctive and luxurious residential offerings, and the Bvlgari Lighthouse will soon become a part of this exceptional portfolio. Our partnership with Dutco Construction marks a significant milestone as we advance towards realizing this landmark project. Reflecting Bvlgari’s values of unrivalled craftsmanship and timeless elegance, our most exclusive new address is set to elevate the standard for luxury beachfront living at Jumeira Bay Island and maintain Dubai as a destination of choice.”

Offering uninterrupted views of the Arabian Gulf and the city’s skyline, the Bvlgari Lighthouse features a façade inspired by the gentle movement of marine coral, which not only creates timeless light patterns, but also offers privacy and tranquility by refining both light and air.

As part of the Bvlgari experience, residents will enjoy unlimited access to the exclusive facilities of the neighboring Bvlgari Resort Dubai, complemented by the unmatched Bvlgari service standards. This includes the world’s first Bvlgari Marina and Yacht Club, state-of-the-art swimming pools, landscaped gardens, private parking spaces, dedicated storage facilities and a host of dining options on-site.

Shaped like a seahorse, Jumeira Bay Island by Meraas is not only home to Bvlgari Resort Dubai, but also serves as a refined and exclusive destination for both residents and visitors to enjoy. The island boasts private beaches, fine dining options and peaceful boulevards that lead to some of the world’s most sought-after residences.

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Bahrain Marina Completes 25% of Phase I in Manama Development

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Mon, Sep 16, 2024 2 min

Bahrain Marina Development Company, the developer behind the prestigious Bahrain Marina project in the heart of Manama, has announced a major milestone with 25% of Phase I already completed.

As one of the most well-known real estate and tourism ventures in the kingdom, Bahrain Marina is designed to deliver an integrated, luxurious lifestyle experience, blending high-end residential, retail, entertainment, and hospitality elements.

The project will feature an array of luxury residential units, including beautifully crafted apartments offering stunning Gulf views, along with five-star hotels that provide premium hospitality services.

A state-of-the-art yacht marina, offering world-class facilities for marine enthusiasts, will also be a highlight of the development, according to the developer.

Beyond luxury residences and hospitality, Bahrain Marina will feature a high-end shopping mall with a diverse selection of international and local brands. The development will also include a variety of restaurants and cafes catering to different culinary preferences, family-friendly recreational areas, green spaces, pristine beaches, and modern sports facilities, including swimming pools.

On the key achievement, chairman Khalid Najibi said: “We are extremely proud of the tremendous progress achieved over the past year. Reaching 25% completion is a remarkable accomplishment that underscores our commitment to delivering a world-class project.”

“Achieving this while maintaining a strong safety record demonstrates the dedication and diligence of our entire team. This achievement strengthens our confidence in completing Bahrain Marina on time and to the highest quality standards,” he stated.

Najibi said Bahrain Marina was not just a real estate development company, but it represented the company’s vision to create something exceptional for Bahrain and the region.

“We are determined to deliver a project that sets new benchmarks for luxury and quality, enhancing Bahrain’s reputation as a premier investment and tourism destination. As we move forward, we remain committed to contributing to the Kingdom’s economic vision and setting the bar for future developments,” he added.

According to him, Bahrain Marina symbolizes the power of ambition, experience, and vision.

“We are driven to create a project that redefines luxury living and entertainment in Bahrain, making Bahrain Marina a flagship destination. Each milestone increases our determination to exceed expectations, and we look forward to celebrating its completion with the community,” he added.

On the key milestone, Managing Director and CEO Yousef Al Thawadi said: “Achieving 25% completion within the first year is a testament to the efficiency and commitment of our dedicated team.”

“We are moving steadily towards our vision of delivering a project that elevates the standards of quality and luxury in Bahrain, and we will continue to build on this momentum in the upcoming stages,” he added.

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Mon, Sep 16, 2024 3 min

Drawing inspiration from the timeless allure of Parisian art and the captivating romance of Paris, HMB Homes Real Estate Development unveils its top project, One Beverly, set to transform luxury living in Dubai. This AED 350 million development is the crown jewel of HMB Homes’ portfolio, offering one of the most prestigious addresses in the city, and promising an extraordinary and inspiring lifestyle.

HMB Homes Real Estate Development, known for its innovation and excellence in the UAE’s real estate sector, continues to raise the bar in luxury living. With a history of pushing the boundaries of residential development, the company is committed to creating iconic and highly sought-after destinations that redefine the standard of living in Dubai. The launch of One Beverly marks a significant milestone in this journey, showcasing HMB Homes’ dedication to delivering not just homes, but truly remarkable living experiences.

Located in the heart of Arjan, one of Dubai’s most distinguished residential communities, One Beverly benefits from a prime location that offers both serenity and convenience. Arjan is known for its modern comforts, close-knit neighborhood feel, and proximity to some of Dubai’s most prominent landmarks. Situated just minutes away from Dubai Miracle Garden and Dubai Butterfly Garden, Arjan effortlessly combines contemporary luxuries with a vibrant community spirit. Its strategic location provides residents with quick access to Dubai’s major highways, including Sheikh Mohammed Bin Zayed Road, making it easy to reach key areas such as Dubai Marina, Mall of the Emirates, and Dubai International Airport.

As the flagship project of HMB Homes, One Beverly stands out with its meticulously designed residences, offering 381 exquisite apartments which include studio, one-bedroom, and two-bedroom units with apartment prices starting from 6,50,000 AED & 8 commercial shops. Each home is crafted with an attention to detail that reflects the timeless elegance of Parisian Art, complemented by the dynamic spirit of Dubai. These residences are not merely living spaces but are designed as sanctuaries where every element from the opulent finishes to the cutting-edge technology has been thoughtfully curated to provide an unparalleled living experience.

“Our vision for One Beverly was to create a space that not only reflects the elegance of Paris but also embodies the dynamic spirit of Dubai,” said the CEO of HMB Homes Real Estate Development. “This project is a celebration of art, design, and the extraordinary lifestyle that Dubai offers. One Beverly stands as a beacon of unrivalled luxury, opulence, and glamor—a masterpiece that not only redefines grandeur but embodies it with every detail.”

One Beverly also sets itself apart with an array of 30+ world-class amenities designed to enhance the everyday lives of its residents. Among these are a state-of-the-art gym that caters to all fitness levels, an infinity swimming pool offering stunning panoramic views, and a beautifully landscaped jogging track for those who appreciate outdoor exercise. Social and recreational needs are equally well addressed, with a residents’ lounge providing a serene space for relaxation, an open-air cinema for entertainment under the stars, and a multi-purpose court accommodating various sports.

By blending luxury, comfort, and a vibrant community spirit, One Beverly truly redefines what it means to live in opulence.

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OMNIYAT Group Unveils BEYOND, A new Luxury Real Estate Venture on Dubai’s Jumeirah Coastline

As part of this venture, OMNIYAT GROUP has revealed a remarkable 11 million square-foot strategic project along the Jumeirah coastline, with 8 million square feet dedicated to BEYOND.

Fri, Sep 13, 2024 3 min

OMNIYAT GROUP introduces BEYOND, an innovative development company aimed at redefining the broader luxury real estate market. As part of this venture, OMNIYAT GROUP has revealed a remarkable 11 million square-foot strategic project along the Jumeirah coastline, with 8 million square feet dedicated to BEYOND. This visionary project promises a breathtaking living experience, seamlessly integrating lush landscapes with cutting-edge luxury, all set against the stunning backdrop of Dubai’s waterfront.

BEYOND, the latest premium brand from OMNIYAT GROUP, will utilize the company’s extensive global talent network to revolutionize urban living. Its mission is to create a community where luxury, nature, and city life harmoniously blend, offering thoughtfully designed homes with exceptional quality and timely delivery. This approach meets the evolving desires of today’s affluent buyers, who are looking for more than financial investment — they seek homes that reflect their personal values and elevate their quality of life. BEYOND will focus on delivering modern luxury with excellence and innovation, catering to the sophisticated needs of the contemporary lifestyle.

The development will combine world-class amenities with interactive technologies aimed at creating a seamless personalization experience for new property owners. Strategically located on the serene Jumeirah coastline, this master development will showcase an innovative approach to urban planning, where natural beauty and contemporary elegance coexist in perfect harmony. With its carefully curated design, the project will feature extensive lush green spaces complemented by world-class hospitality and high-level amenities. This integration of nature with top-tier services ensures that every convenience and comfort is at the residents’ doorstep, enriching their daily lives and promoting well-being.

Mahdi Amjad, Founder & Executive Chairman of OMNIYAT

Mahdi Amjad, Founder and Executive Chairman of OMNIYAT GROUP, “OMNIYAT GROUP is proud to partner with Dubai Maritime City to bring this visionary development to life. This collaboration has enabled us to create an unparalleled destination within the wider master plan of Maritime City, providing the perfect foundation for us to deliver something truly unique and transformative. With BEYOND leading the way in the wider luxury real estate market, this development will set a new standard for urban living where nature, luxury, and innovation seamlessly come together.”

“BEYOND embodies the OMNIYAT GROUP’s relentless pursuit of excellence and our vision of being best-in-class, in every class. By extending our commitment to creating exceptional living experiences in the wider luxury real estate segment, BEYOND strives to raise standards and curate environments that make life better, making exceptional living more accessible. “added Amjad.

Ahmed Al Hammadi, Chief Operating Officer, Dubai Maritime City

Ahmed Al Hammadi, Chief Operating Officer, Dubai Maritime City commented: “We are proud to announce a new milestone within the Maritime City development, working closely with real estate pioneers to deliver a reimagined master plan. OMNIYAT GROUP’s visionary destination within Maritime City represents the pinnacle of this transformation. Our collaboration with OMNIYAT GROUP has resulted in a unique and remarkable project that will set a new standard for Dubai’s waterfront development.”

By combining the expertise and vision of leading industry players, this development stands as a testament to the power of collaborative innovation. The project will redefine residential excellence with the launch of BEYOND, OMNIYAT GROUP’s new real estate brand, which will deliver 8 million square feet of luxury living spaces. Additionally, OMNIYAT GROUP’s other divisions will cover 3 million square feet, ensuring this iconic development offers a unique blend of luxury and ultra luxury living experiences.

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Shamal Holding Unveils Additional Stunning Renders and Details of Dubai Harbour Residences

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Thu, Sep 12, 2024 4 min

Shamal Holding, the owner and visionary behind Dubai Harbour, has unveiled stunning new renderings of its Dubai Harbour Residences project, showcasing a limited collection of premium apartments and penthouses to be built at the heart of Dubai Harbour.

Along with these striking visuals, Shamal has also shared additional details about the development, including the array of amenities available to residents.

A visionary project

Dubai Harbour Residences seamlessly fuses modern architectural design with the timeless appeal of beachfront living. The newly revealed images highlight the thoughtfully crafted exterior, elegant communal spaces, and refined apartments and penthouses, promising an unmatched living experience. With breathtaking views of the Arabian Gulf, Dubai’s iconic skyline, and the magnificent harbour marinas just steps away, residents can enjoy a distinctive beachfront lifestyle in one of the world’s most vibrant cities.

The first beachfront low rise living experience in Dubai Harbour

Dubai Harbour Residences introduces a rare concept in luxury living with its low-rise community-focused design, where apartments are thoughtfully distributed across eight floors. This approach fosters a sense of intimacy and exclusivity, creating a close-knit environment. The low-rise structure allows for more personalized living spaces, abundant natural light, and enhanced privacy, while maintaining a connection to the surrounding maritime landscape. Residents will enjoy the best of both worlds – a tranquil, residential ambiance but with easy access to the vibrant energy and amenities of Dubai Harbour and all it has to offer. Within the residences, there will be 345 units including one, two, three, and four-bedroom apartments, and penthouses.

Modern cutting-edge and curated living spaces

The reception and lobby areas have been designed to impress from the moment residents and guests step inside. With soaring ceilings, sleek marble floors, and carefully curated art pieces, the space exudes a sense of premium living. The lobby’s design blends contemporary aesthetics with warm, inviting tones and nautical color palettes, creating an atmosphere that is both luxurious and welcoming. High-end furnishings, bespoke lighting fixtures and impeccable textures and finishings add to the sophisticated ambiance, while the grand entrance sets the tone for the exceptional living experience that awaits.

World-class amenities

An exceptional array of wellness options, dedicated family spaces, and personalized services will cater to the diverse needs of residents. The development features a rooftop adult-only infinity pool with outdoor dining area, state-of-the-art fitness center, yoga studio, hairdresser, beauty salon, and serene spa facilities designed to promote relaxation and well-being. For families, the community includes specially designed play areas, a children’s pool, learning area, and family lounges where parents and children can bond in a safe, nurturing environment. Residents will also benefit from a range of personalized services, including 24/7 concierge assistance and valet parking, ensuring a lifestyle of convenience and comfort.

Continued enhancement of Dubai Harbour

The Dubai Harbour Residences development is part of Shamal’s long-term investment strategy and commitment to creating new vibrant communities, as it continues to enhance the amenities and facilities in and around Dubai Harbour to bring premium beachfront and maritime lifestyle to residents. Located at the intersection of the iconic Palm Jumeirah and Bluewaters Island, the destination is within easy reach from the city’s world-famous attractions and includes the region’s largest marina, featuring close to 700 berths that can accommodate yachts up to 160m. As well as the new 1500-metre bridge providing direct access on and off the district, Shamal is delivering a range of enhancements across Dubai Harbour as part of its plans to offer the best integrated community in terms of quality of life and the well-being of residents and visitors.

“Dubai Harbour Residences is our first residential project at Dubai Harbour and is a bold statement of our commitment to creating extraordinary living experiences and new vibrant communities. The project promises to provide residents with a beachfront living unlike any other in the market,” said Abdulla Binhabtoor, Chief Executive Officer, Shamal Holding, Owner and Curator of Dubai Harbour. “This development is designed for the discerning buyer who is aspiring for prestige, and demands not just a home, but a lifestyle. Our vision is to create a unique space where residents can feel part of a community, enjoy the best of Dubai’s culture and have maritime experiences right at their doorstep. Dubai Harbour is the region’s most unique lifestyle offering and the new residences will be a perfect addition.”

Leading Dubai-based developer H&H Development has nearly two decades of experience creating upscale projects in the UAE and is working closely with Shamal Holding as the development manager. Miltos Bosinis, Chief Executive Officer, H&H Development, added, “Dubai Harbour Residences is perfectly located in the heart of Dubai, and is designed to cater to both individuals and families seeking a refined beachfront lifestyle with an urban feel. The newly released visuals offer a preview of the development’s exceptional design and comfort, showcasing an exclusive low-rise community. This unique enclave combines the best of both worlds, providing a serene and stylish development amidst the dynamic energy of Dubai Harbour.”

Internationally acclaimed Japanese firm Nikken Sekkei, famed for its innovative approach to architecture, has led on the project design. “Our vision for Dubai Harbour Residences was to create a harmonious blend of modern luxury and the natural beauty of the waterfront,” said Dr. Fadi Jabri, Regional Head/CEO of Nikken Sekkei Dubai FZ-LLC. “We’ve incorporated sleek, contemporary designs that maximise natural light and offer unparalleled panoramic views of the beach and sea. Every element has been thoughtfully crafted to provide residents with a serene and sophisticated living experience that reflects the dynamic spirit of Dubai.”

 

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haus & haus Unveils AED 16.75M Elevated Villa in Arabian Ranches

Offering Tranquil Park Views and Immediate Occupancy.

Thu, Sep 12, 2024 < 1 min

haus & haus Real Estate has unveiled an exclusive new ‘elevated villa’ in Saheel 1, located within the Arabian Ranches community, now available on the market for AED 16,750,000.

This unique property is an architectural marvel, elevated approximately two meters above a mature park, offering stunning views of lush greenery and creating a tranquil retreat far removed from the city’s hustle and bustle.

Spanning a built-up area of 5,000 sq.ft and set on a generous plot of 6,668 sq.ft, the villa is vacant on transfer, allowing for immediate occupancy. The property unveiled by haus & haus Real Estate features six spacious bedrooms, each with its own ensuite bathroom, along with several other standout features:

  • Quiet and Private: Situated on a tranquil cul-de-sac, this villa offers a perfectly quiet and private plot.
  • Bijou Outdoor Entertainment: Ideal for hosting gatherings, the outdoor space is designed for entertaining with elegance.
  • Double Height Lobby: A grand entrance featuring a large skylight that floods the space with natural light.
  • Smart Home Technology: Equipped with an inbuilt Sonos sound system and smart home features for modern living.
  • Luxury Amenities:  Sunset cabana, olive tree, hidden outdoor shower, and a heater & chiller for the private saltwater pool
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Strategic Partnership Formed to Offer 100% Financing for “Tilal” Residential Project

The new collaboration aims to deliver flexible real estate financing solutions with competitive rates and extended grace periods.

Wed, Sep 11, 2024 4 min

Khaleeji Bank has signed a Memorandum of Understanding (MoU) with Al Areen Holding Company, a major player in the real estate sector. This strategic partnership aims to enhance and streamline real estate financing for Al Areen’s projects.

Through this collaboration, the bank will provide innovative financial solutions tailored to clients interested in purchasing residential units within the “Tilal” Residential Project, part of Al Areen’s master plan. These financing solutions will include competitive profit rates and funding of up to 100% of the property’s value, along with a flexible grace period.

The signing ceremony took place at Khaleeji’s headquarters in the GFH Tower and was attended by Ms. Ameera Ahmed Al Abbasi, Head of Retail Banking at Khaleeji, Dr. Ahlam Zainal, CEO of Al Areen Holding Company, Mr. Ahmed Khalfan, Chief Marketing & Sales Officer of Al Areen Holding and CEO of the “Tilal” Residential Project, alongside other officials from both organizations.

 

Ameera Ahmed Al Abbasi Khaleeji Bank

On this occasion, Ms. Ameera Ahmed Al Abbasi expressed her gratification in this collaboration, stating “This strategic partnership with Al Areen Holding Company embodies our firm commitment to supporting the growth of the real estate sector in the Kingdom of Bahrain. At Khaleeji, we always strive to provide innovative financing offers that meet our clients’ needs and ambitions, thereby enhancing their experience in the real estate market. Through this partnership, we will ensure the provision of a comprehensive range of financing solutions, including competitive profit rates and a flexible grace period, to facilitate the ownership process for our clients.”

She added “The ‘Tilal’ Residential Project exemplifies quality and modern design, providing an ideal living and investment environment. We are also committed to providing a satisfying and personalized banking experience for every client. We hope that our clients will take advantage of these outstanding opportunities made through this initiative, which reflects our values of innovation and sustainable support for economic growth. We are pleased to invite clients interested in owning units in this leading housing project to visit the promotional stand between 19th – 29th September at City Center Bahrain, to learn about the financing solutions available under this agreement.”

Dr. Ahlam Zainal, CEO of Al Areen Holding Company

On her part, Dr. Ahlam Zainal, CEO of Al Areen Holding Company, stated: “We are pleased to announce our cooperation with Khaleeji Bank to provide a range of financing options that enable our customers to own a home in the Tilal project, the third residential development within the Al Areen masterplan. This project will serve as an exceptional tourist and residential destination, thanks to its distinguished components and services setting new standards in urban living.”

She added: “At Al Areen Holding Company, we are committed to offering our customers the best services and experiences. Our partnership with Khaleeji Bank reflects our keenness to meet our customers’ aspirations and exceeding their expectations. We pride ourselves on delivering a seamless and personalized experience, from home selection and ownership to building long-term relationships.”

Mr. Ahmed Khalfan, Chief Marketing and Sales Officer of Al Areen Holding and CEO of Tilal Residential Project

Mr. Ahmed Khalfan, Chief Marketing and Sales Officer of Al Areen Holding and CEO of Tilal Residential Project, commented: “This partnership allows us to provide added value to our customers by simplifying the steps required to obtain their desired residential units, making it a more seamless process. The Tilal Residential Project is a pioneering initiative that underscores our commitment to high standards of quality and innovation in the real estate sector. We believe this agreement will enhance our ability to meet market demands and attract customers seeking their dream homes, especially within the Tilal Residential Project, which presents a unique array of options, including luxury villas and townhouses designed according to the highest international standards, with sizes ranging from 3 to 5 bedrooms, each featuring modern designs aligned with contemporary trends.”

He added: “On this occasion, I extend a special invitation to those interested in our offerings for owning a villa or townhouse in Tilal Residential Project to visit our stand at the City Centre Bahrain (near Debenhams) from September 19 to 29, where they can learn more about the project and book the most suitable options in the masterplan.”

It is noteworthy that “Tilal” Residential Project offers a unique living experience amidst sustainable surroundings, featuring vast green spaces and picturesque views of the Al Areen Wildlife Park. Covering an area of 93,600 square meters, the project includes luxury villas and townhouses designed to meet the needs of Bahraini and GCC families, allowing for customization options. Units are available with the option of 3, 4, and 5 bedrooms, each incorporating modern designs in line with contemporary trends.

Khaleeji is a leading Islamic Bank that strives to achieve clients’ ambitions through an Islamic Banking model that offers a comprehensive range of high quality Shari’a-complaint banking services and investment opportunities to individuals and companies.

Visit Khaleeji Bank’s website at www.khaleeji.bank and follow the bank’s verified social media accounts on Instagram, Facebook, LinkedIn, YouTube, and X platforms to stay updated on the latest news and offers.

Al Areen Holding is a leading real estate development company in Bahrain, dedicated to creating exceptional residential, commercial and hospitality projects. With a commitment to quality, innovation and sustainability, Al Areen Holding strives to exceed customer expectations and contribute to the economic growth of the Kingdom of Bahrain. The company’s diverse portfolio showcases its expertise and vision for the future of Bahrain’s real estate sector.

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Sankari and IHG Hotels & Resorts to Launch the World’s First Upper Luxury Standalone Regent Residences in Dubai

A stunning twin-tower luxury managed residential development designed by Foster + Partners launches in Dubai.

Tue, Sep 10, 2024 3 min

Sankari, a premier luxury real estate developer in Dubai, is thrilled to announce a groundbreaking partnership with IHG® Hotels & Resorts, one of the world’s leading hospitality companies, to launch the world’s first Regent Residences in Dubai.

This flagship development, Regent Residences Dubai – Sankari Place, will be located in Dubai’s prestigious Marasi Marina neighborhood and will feature 63 full-floor upper luxury residences as well as ten floating homes. This project marks a significant milestone for both Sankari and IHG, being the first Regent-managed standalone residential project of its kind, set to transform the definition of luxury lifestyle. “The best talent from the industry has been brought together to deliver on the Sankari family’s vision,” says Mark Phoenix, CEO of Sankari.

The collaboration between Sankari and IHG marks a landmark moment for both parties, blending the innovative vision of Sankari with the esteemed legacy of the Regent brand under the IHG portfolio. Regent Residences Dubai – Sankari Place is set to become a premier destination, establishing one of the most sought-after residential addresses, embodying true modern luxury, in the UAE. This development underscores the commitment of both Sankari and IHG to elevate the standard of premium hospitality experiences within a residential ecosystem.

Introducing Sankari Place

Situated in the heart of Marasi Marina, Sankari Place is envisioned as an exclusive destination for upper luxury living. This prominent waterfront peninsula offers residents unparalleled views of Dubai Creek and Downtown Dubai, providing a perfect blend of serenity and urban convenience. The concept of Sankari Place is designed to create an exclusive and opulent living experience, with top-tier amenities and services that cater to the refined tastes of modern luxury homeowners.

Mohammed Sankari, Chairman of Sankari, shares his personal connection to the project: “Sankari Place is deeply significant to me and my family. This development is more than just a project; it is the foundation of a legacy we are building in honor of my father. It embodies our family’s commitment to excellence and innovation in real estate, and we are proud to see our vision come to life in such a prestigious location.”

Regent – A Legacy of Luxury

The Regent brand, renowned for its sophistication and elegance, boasts a storied history with iconic properties such as the legendary Carlton Cannes, a destination for Hollywood stars and the global elite. Regent’s portfolio includes 10 properties worldwide, located in some of the world’s most premier urban centers: Beijing, Berlin, Cannes, Chongqing, Hong Kong, Phu Quoc, Porto Montenegro, Shanghai on the Bund, Shanghai Pudong, and Taipei. Regent Residences Dubai – Sankari Place will be their first standalone residential flagship project developed from inception. This landmark project marks the beginning of Regent’s vision to develop their branded residences footprint in the region.

IHG Hotels & Resorts – True Hospitality for Good

IHG Hotels & Resorts, with its vast portfolio of brands, continues to expand its presence in the luxury sector. Haitham Mattar, Managing Director, India, Middle East & Africa, IHG, states, “Regent Residences Dubai – Sankari Place represents a unique opportunity for IHG to strengthen our offering in the branded residential space in Dubai. We trust our partnership with Sankari will drive forward our success in this remarkable city and are committed to elevating luxury living options for Dubai residents.”

Mark Phoenix of Sankari comments, “We are thrilled to partner with IHG, a world-renowned industry leader, to bring this vision to life. This collaboration sets the stage for a state-of-the-art residential complex with the highest service standards in the UAE, offering owners and residents an exceptional hospitality experience in their homes. We proudly introduce this area as Sankari Place.”

Project Information

The Regent Residences Dubai – Sankari Place will feature 63 full-floor residences, each equipped with a private swimming pool and expansive outdoor living spaces. The architectural design, conceived by Foster + Partners, reflects opulent living with a cascading twin-tower structure. Residents will have access to world-class facilities, including health and fitness centers, a golf simulator, a cinema, and gaming room. For sports enthusiasts, there are tennis and padel courts, while lovers of fine dining can enjoy a private dining room, cigar lounge, and cellar. The development also includes a business lounge, a large spa, and a residents’ lounge, ensuring every need is catered to.

Dr. Sankari, Founder and Chairman of Sankari, concludes, “This flagship project is a testament to our vision of creating developments that leave a lasting impact. We are committed to building a legacy that holds value and demands respect, and our collaboration with IHG on Regent Residences Dubai – Sankari Place is a significant step towards realizing this dream.”

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