AQUA Properties Announces Record Sales for The Central Downtown | Kanebridge News
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AQUA Properties Announces Record Sales for The Central Downtown

The Central Downtown led the market in May, capturing an impressive 40.5% of all transactions in Arjan

Fri, Jun 21, 2024 10:42amGrey Clock 2 min

AQUA Properties has reached a remarkable milestone by selling over 900 units in its latest project, The Central Downtown, within just 100 days of its launch.

This achievement underscores the robust demand for premium real estate in Dubai, with The Central Downtown leading the market in May by capturing an impressive 40.5% of all transactions in Arjan, as reported by Property Monitor.

Situated centrally in Arjan, this expansive project spans a 7-acre hub, making it the largest development in the community. The Central Downtown consists of four towers featuring modern studios and 1–3-bedroom apartments, along with a 200,000 sq ft podium level offering over 25 amenities.

Residents can enjoy a variety of facilities, including a golf simulator, wave pool, basketball court, outdoor cinema, padel tennis, and an organic farm.

Integrated approach

Additionally, a 150,000 sq ft shopping mall beneath these interconnected towers provides a unique retail convenience. This integrated approach sets The Central Downtown apart, making it the leading choice in Arjan.

AQUA Properties Founder Ali Tumbi said: “This rapid sales success underscores AQUA Properties’ formidable presence in Dubai’s real estate market and highlights the high level of investor confidence in our projects.”

To celebrate the success of The Central Downtown, AQUA Properties, an award-winning multinational real estate brokerage and developer, hosted an exclusive 3-day luxury cruise on the Arabian Gulf in February, bringing together over 300 key investors, brokerage partners, and valued community members. The celebrations continued in April with a groundbreaking event, marking the commencement of this visionary project.

Community trust

Since its establishment in 2005, AQUA Properties has built a strong reputation for excellence. Renowned for its extensive experience and community trust, AQUA Properties has launched its seventh project, The Central Downtown, showcasing its expertise once again.

With nearly two decades of industry experience, AQUA Properties consistently provides exceptional services, ensuring customer satisfaction through competitive pricing, flexible payment plans, and luxurious amenities.

Their impressive portfolio includes projects in prime Dubai locations such as Palm Jumeirah, Jumeirah Village Triangle, and Motor City, among others.

Riding on the success of The Central Downtown, AQUA Properties is poised to dominate Dubai’s real estate market with several upcoming developments this year, including projects in Dubai Sports City, Sheikh Zayed Road, and Arjan. AQUA Properties’ commitment to excellence and innovation continues to shape the future of real estate in Dubai.


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MS Homes Developers Launches ‘ILUKA Residences’ on Dubai Islands

ILUKA Residences is the first of many planned developments in the pipeline; aims to build over one million sq. ft. of residential projects in the UAE by 2027.

Fri, Jul 12, 2024 3 min

MS Homes Developers is making its debut in Dubai’s thriving real estate market with the launch of ILUKA Residences on Dubai Islands. This inaugural project is an eight-floor residential building situated on Marina Boulevard, offering a refined lifestyle in the heart of Dubai Islands. ILUKA Residences features 57 luxury apartments, including 1 to 4-bedroom units, with handover scheduled for the third quarter of 2026.

Since its founding in 1983 in Pakistan, MS Homes Developers has successfully delivered over 20,000 residential units and expanded into the United States, the United Kingdom, and the Middle East. Its recent entry into the UAE market with this project on Dubai Islands signifies a long-term commitment, with plans for developing over 1 million square feet by 2027.

“Dubai’s global fame for luxury seaside living has made it a primary destination for residents looking for luxurious homes that offer high quality features and amenities, and an unparalleled lifestyle by Dubai’s crystal waters,” said Mohsin Sheikhani, founder and CEO of MS Homes Developers. “MS Homes Developers wants to create a truly unique living experience at ILUKA Residences, inspired by the shape of the waves and blending seamlessly with the beauty of the Dubai Islands.”

Residents of ILUKA Residences will enjoy 15 exquisite amenities including luxurious private pools in all the apartments and a breathtaking infinity pool with the endless view of the horizon providing a sublime retreat for a truly elevated living experience. Amenities also include a fitness studio, sauna and steam room, yoga area, urban forest, a cinema, splash pads with stylish sun loungers, sky lounge, gaming facility, kids play area, an outdoor terrace and an open-air barbeque area for a delightful dining experience.

ILUKA Residences offer a serene escape from the hustle and bustle of the city while keeping everything residents need within reach. All apartments come with a fully equipped kitchen, exquisite finishing, spacious rooms and breathtaking views. The project seamlessly combines modern comfort with a touch of luxury, creating an ambiance that sets the tone for exceptional living.

Residents will benefit from the project’s strategic location, offering easy access to prominent destinations and to the city center, ensuring residents are always just moments away from the vibrant pulse of Dubai. Dubai Islands community offers a rejuvenating vacation destination for luxury escape, a thriving sports culture and a focus on making wellness a way of living in Dubai. Whether it’s the bustling Downtown district, prestigious business hubs, or serene waterfronts, ILUKA residents enjoy unparalleled accessibility to everything Dubai has to offer, embracing a lifestyle where convenience meets luxury.

With 4 decades of real estate, construction and development experience, Mr. Sheikhani and the management of MS Homes Developers have built a significant portfolio of properties with over US$ 1 billion in sales.  A visionary entrepreneur and industry veteran, Mr. Sheikhani also serves as the Chairman of the Association of Builders and Developers in Pakistan where he also collaborates with the Government of Pakistan to champion initiatives that support the construction industry and the property sector as a whole.



Chris Dixon, a partner who led the charge, says he has a ‘very long-term horizon’

Americans now think they need at least $1.25 million for retirement, a 20% increase from a year ago, according to a survey by Northwestern Mutual

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