Saudi Arabia’s Real Estate Visa Program Attracts International Investors

Ellington Properties unveiled Playa Del Sol, its second residential project on Al Marjan Island and the fourth in Ras Al Khaimah. Scheduled for completion in Q4 2027, this development builds on the success of Cala Del Mar, raising the bar for elevated coastal living. Playa Del Sol promises a perfect blend of serene surroundings and thoughtfully curated lifestyles, offering residents a truly exceptional retreat.

A Seaside Haven 

Nestled on Al Marjan Island, Playa Del Sol provides an exclusive seaside lifestyle. Adjacent to the Wynn Resort, this development balances vibrant entertainment options with a tranquil atmosphere. The property features a wide range of residences, including studios, 1, 2, and 3-bedroom apartments, 3-bedroom duplexes, 4-bedroom penthouses, and a 4-bedroom villa. Each home is designed to embrace natural light, creating a sophisticated and welcoming space that effortlessly connects indoor and outdoor living. With stunning panoramic views of the Arabian Gulf and direct access to pristine beaches, Playa Del Sol is the perfect destination for those looking for relaxation and excitement in equal measure.

Prime Location Near a Major Entertainment Destination

Playa Del Sol boasts a prime location near the iconic Wynn Resort, a landmark set to attract both international and national attention. This strategic positioning enhances the appeal of Playa Del Sol, providing residents and investors with easy access to the region’s dynamic new entertainment hub.

Resort-Style Amenities for a Curated Lifestyle

Playa Del Sol offers more than just a residence—it’s a sanctuary designed for a balanced life of relaxation and recreation. With exclusive access to a private jetty yacht, residents enjoy unparalleled experiences on the water. The development features a sophisticated clubhouse, a vibrant teens’ room, a kids’ play area, and a range of spa amenities, including massage rooms, saunas, and steam rooms. Fitness enthusiasts can enjoy the squash court, gym, and yoga studio, while outdoor spaces include a stunning multi-layered infinity pool, a kids’ splash zone, a courtyard, and playgrounds—all crafted to enhance a vibrant, connected lifestyle.

“With the rising demand for exceptional residential properties in Ras Al Khaimah, Ellington Properties is dedicated to delivering distinctive developments like Playa Del Sol,” says Elie Naaman, Co-Founder and CEO of Ellington Properties. “Playa Del Sol reflects our unwavering commitment to crafting thoughtfully designed living experiences that seamlessly integrate nature with modern living. This project is tailored for those who seek not only refined elegance and comfort but also a vibrant, connected community on the pristine shores of Al Marjan Island.”

Playa Del Sol combines it all—an exceptional beachfront location, exclusive resort-style amenities, and the added convenience of a private yacht for residents. Just steps away from the iconic Wynn Resort, this development offers the perfect balance of relaxation, convenience, and elevated living. Playa Del Sol reflects Ellington Properties’ commitment to creating not just homes, but a curated lifestyle where every detail enhances the resident experience, setting a new benchmark for living on Al Marjan Island.

When Nic and Alison Grillo bought their home seven years ago in the Seaview neighbourhood of Rancho Palos Verdes, Calif., south of Los Angeles, Nic knew that the wider Palos Verdes Peninsula had multiple landslide zones. He grew up there.

But he had never heard of any issues happening in Seaview itself. An adjacent neighbourhood, called Portuguese Bend, is where there had been slides since the 1950s. Nic studied the geologist’s report he received and hired an inspector before closing on their four-bedroom, 1,800-square-foot, 1956 ranch house for $1.195 million. “I felt comfortable buying,” he says.

Then, in the summer of 2023, his neighbourhood started coming apart.

Today, there are foot-long cracks on the outside and inside of his house. Since June, two houses nearby have partially collapsed due to landslides and have been deemed unsafe; others were abandoned by owners spooked by the constant creaking of their houses as they were pulled apart by the ground crumbling beneath them. Power and gas were cut off in September, and some worry the sewage system will be next, which would mandate evacuation.

Nic, 45, estimates that he and Alison, a 42-year-old health clerk at an elementary school, have spent more than $25,000 over the past few months in an attempt to stay in their home. He bought a Tesla power wall and solar panels a few years ago, in case there were occasional power outages, but he never anticipated having to use them indefinitely. Now he’s added a generator, a propane tank, and a tankless water heater. They are using an REI solar camp stove to cook until they get hooked up to propane. They go days without showers.

Alison says they don’t want to leave, since two of their children are still in local schools. However, she says it has been hard not to get overwhelmed by it all. “This isn’t sustainable,” she says.

Nic, who works in medical-device sales, says he can’t afford to buy another house somewhere else because he doesn’t see any chance of selling the one he already owns, even at a discount, given what’s happening around it. His homeowners insurance doesn’t cover damages caused by land movement, which is standard for policies in the U.S.

“It’s scary. We are just taking it one day at a time,” he says.

Life in a Slide Zone

The roads on the Palos Verdes Peninsula, which juts into the Pacific Ocean south of Los Angeles, have been cracking for decades. A landslide in 1956 damaged over 100 houses in Portuguese Bend and has been moving ever since. In 1980, farther up in the city of Rolling Hills, a section known as the Flying Triangle started sliding. The movement was at a rate of 5 to 7 feet a year.

Now, triggered in part by periods of exceptionally heavy rainfall over the past two years, the rate of land movement has increased significantly. Some areas had reached a velocity of 7 to 13 inches a week and are currently averaging about 8 inches a week, or about 80 times faster than it was moving, on average, in October 2022, according to Mike Phipps, a geologist whose firm was hired by the City of Rancho Palos Verdes.

Geologists discovered a second slide this summer that is about twice as deep as the other tracked slides. That has been pushing out the slide area to almost double its size, from 380 acres to nearly 700 acres, says Phipps. A major concern is that it will continue to expand farther uphill, he says. Movement in another adjacent city, Rolling Hills, led SoCalGas to shut off gas on Sept. 16 to 37 homes, with a warning that power would follow in coming days.

About 44% of the country is at risk for a landslide, according to a new report by the United States Geological Survey. Homeowners in one of the Palos Verdes Peninsula slide areas, as in any of the areas across the U.S. that have been hit by landslides, such as Washington and western Pennsylvania, find themselves in a unique kind of financial hell. Insurance companies don’t write standard homeowner policies that cover landslide losses and surplus landslide policies aren’t available right now in California, according to the Insurance Information Institute. Mortgage companies expect loans to be paid, even if the underlying asset no longer exists or is damaged with no chance of repair; forbearance and forgiveness decisions are up to the individual bank, and they are loath to grant them.

Although some state legislatures, such as in Pennsylvania, are working to address the lack of financial recourse for slide victims, no measures are currently under way in California. If the area were declared a major disaster by President Biden, it would trigger access to emergency funds for individual homeowners via the Federal Emergency Management Agency, but the state of California hasn’t yet requested this declaration, saying the current situation doesn’t meet federal requirements for such action.

As a result, owners who don’t want to declare bankruptcy must still pay their mortgages, property taxes—barring a reassessment, which can sometimes take months—homeowner association and other fees, even if their home, and the land it sat on, no longer exists. For those whose homes are damaged, owners are left with few options except to either walk away or stay put and hope their home doesn’t sustain any further damage. Others believe the landslides will abate at some point in the future and trust that they will be able to sell their home when potential buyers simply forget about the landslide threat.

Wei Yen, 74, a retired finance officer, and his wife, Leesa Yen, 66, a teacher, owned one of eight homes that, in July 2023, slid off a cliff into a canyon in Rolling Hills Estates, in an area that had never had a landslide before. It is completely separate from the Portuguese Bend slide complex. The city has a mixture of townhomes and single-family homes that sell for anywhere from $1 million to $4 million. Five other homes were badly damaged.

The Yens bought their 2,000-square-foot, three-bedroom, three-bathroom townhome on Peartree Lane in Rolling Hills Estates in 2010 for $765,000. In early July 2023, Leesa noticed a skinny, 7-foot-long crack on the tiled patio outside the front door. A few days later, Wei noticed that the crack had expanded. The next day, one of their neighbors called the fire department over similar cracks. The department advised all the homeowners in the surrounding block to pack up essentials just in case. About six hours later, Wei was given 15 minutes to evacuate by the fire chief. By 9 a.m. the next day, the house, and the land on which it sat, started sliding into the adjacent canyon. “I was lucky to get out of there in time,” says Wei.

Now, a year later, the Yens’ home equity is gone. The property had been worth $1.55 million, according to Zillow , just before the slide. Now it is worthless, according to a letter from the city assessor’s office. They have a small mortgage, which they have no plans to ask the bank to modify because they worry their credit rating will be impacted and because they say they can afford it and feel responsible.

They are renting an apartment and had to buy new furniture and clothing, all of which is eating into their retirement savings. They lost what they estimate is around $500,000 worth of items that were precious to them, including antiques and art Wei collected throughout Asia in the 16 years he lived in Hong Kong. They are worried about looters, since the bottom of the slide is right next to a public trail. The danger of the collapsed structure has kept the Yens and public officials from going in.

“Mentally it’s very challenging,” he says. “I’m talking to a therapist for the first time in my life. I’m decimated by this. I see no way out. We asked for help and everyone said they’d do their best, but it’s been empty promises.”

“I didn’t realise I would have to start worrying again about finances in my 70s, ” he says. He says he might have to find a job.

Over in Seaview, Matt Stelwagen, 44, a supply-chain manager for a hospital, and his family moved out of their home in August. He bought his house in June 2022 for $2.5875 million. It was meant to be his forever home, where he and his wife could raise their son, who was 1 year old at the time. The pool cracked in July 2023. Over the next year, the floors started coming apart and the windows and doors would no longer shut. The floors became so uneven he could feel the house tilt, he says. The creaking noises at night from the moving and cracking were terrifying.

“We got to a point where mentally it was better for our stress levels and our son to get out,” he says. They are still paying the mortgage and taxes on the house, along with the rent on the house where they now live, a financial burden he says is staggering: His housing cost is now more than half his income. He’s paying for it through his salary and from savings. “We are stretched,” he says. “You make it work because you’re a parent and you want to provide a stable home life.”

He plans to get the house reassessed so he doesn’t have to pay such high taxes.

“We are exhausted,” says Stelwagen. He says he’s gone through stages, first feeling scared, then really upset and angry, and most recently putting his head down and trying to figure out what to do. “No one will come in with a cape and save me,” he says.

No One With a Cape

Efforts to stabilise the Portuguese Bend slide complex, moving for decades, stepped up in August 2023, when the city of Rancho Palos Verdes received a $23 million federal grant from FEMA. But the discovery this past summer of the deeper slide has made mitigation much more complicated.  The project is being revised because of emergency work and the discovery of the deeper movement. Whether current attempts to slow the movement will be successful is still uncertain, says the geologist Phipps. The landslide velocity has decelerated since July, but it is still moving a foot a week in some areas. That means within a week of drilling a well to dewater the ground, that well could be damaged by the landslide. “It’s a Herculean task,” he says.

Lacking other financial recourse, dozens of residents affected by the slides in Seaview and Portuguese Bend have individually and jointly filed legal claims, alleging myriad failures that have contributed to the slide activity, including insufficient stormwater sewers and drains. Defendants include the city of Rancho Palos Verdes, the city of Rolling Hills, CalWater, Los Angeles County, and the Rolling Hills Community Association of Rancho Palos Verdes, exposing hundreds of homeowners in Rolling Hills to liability.

Rancho Palos Verdes mayor John Cruikshank says he fully understands why people are frustrated. He thinks Southern California Edison should be more open to alternative energy sources, such as power walls and solar; he’s working to get the state to expand its emergency declaration and to request FEMA funding so that both will also support individual homeowners who have been displaced. But suing the city doesn’t make sense, he says. Of its 15,000 homes, about 400 are in the landslide area. “Everyone’s tax dollars are going to help. Why are we being sued by people who we are trying to help?” he says.

These legal fights could take years to resolve and owners are in need of assistance now. Aside from some small local outreach efforts, not much has been forthcoming. One of the biggest supporters after the 2023 Peartree slide in Rolling Hills Estates was a local high-school student named Christian Yoshino, who lives down the street from where the houses collapsed. He went door to door asking for donations, raising about $5,300 that was distributed to affected homeowners, based on need, by the Rotary Club of Palos Verdes Peninsula for necessities such as medicine, clothing and beds.

A lack of help is the norm in many communities affected by landslides, which have been exacerbated in recent years due to extreme weather events such as heavy rainstorms and fires that destabilise soil. Some states are trying. In Pennsylvania, where a landslide outside Pittsburgh last January forced homeowners to evacuate, a bill to create a new state landslide-insurance program for homeowners is up for consideration by the House of Representatives.

After a landslide in the city of Ketchikan, Alaska, damaged homes and killed one person in August 2024, affected residents were allowed to apply for assistance and temporary housing programs. In Washington state, where a mudslide in 2014 east of Oso destroyed dozens of homes and killed more than two dozen people, the governor successfully got President Obama to declare a major disaster, opening up FEMA aid to homeowners and funding a one-time program to buy back properties in the Oso slide.

A Buying Opportunity?

Until the power was cut in September, homes were still selling in Portuguese Bend and Seaview, says Jason Buck, with Re/Max Estate Properties. A 1,834-square-foot house in Seaview sold for $1.78 million in July, not far off its listing price. A four-bedroom, 1,994-square-foot house in the heart of upper Portuguese Bend sold for $800,000 in May, 22% lower than its listing price. But, Buck says, news of the damage and gas and power cuts have started to affect prices on houses in areas near the slide zone.

Buyers are now backing out of deals. Charlie Raine, a real-estate agent for Coastal Legacy, currently has a listing for a four-bedroom, 4,000-square-foot house in Seaview. It first went on the market in June 2024 for $1.95 million. It is currently listed at $1.45 million. Raine says buyers terminated an agreement in August after they saw news-media images of the house in the same shot as a construction project that made it look like a disaster zone. A second buyer, five days into a 12-day escrow, backed out after the power was cut in September.

During showings, Raine uses a cardboard model he made to demonstrate how lifting a house and inserting steel I-beams can, he says, keep it from damage when the earth moves due to fissures. It is a technique his own parents used on their home in 1986 in the Flying Triangle in Rolling Hills and which other homeowners are spending hundreds of thousands of dollars to do now in Portuguese Bend.

The marketing for Raine’s listing now includes a note that warns that the home has been adversely affected by the land movement in Seaview, but assures potential buyers that “there are methods available to retrofit the foundation and isolate the affected portion of the home from the movement.”

Rancho Palos Verdes is currently waiving permit fees for what it calls “temporary solutions” such as placing homes on cargo structures and inserting I-beams. Amy Recenmacher, a professor of civil and environmental engineering practice at the University of Southern California, says even if horizontal beams under the house could stop the house from splitting apart, they wouldn’t stop it from moving in a big slide. Placing a reinforced house atop vertical footings to stop it from moving with the slide is impractical in many cases; to be effective, the footings would have to be set into stationary ground or bedrock below the active slide. The Portuguese Bend slide extends hundreds and hundreds of feet deep.

Alejandro Bustillos, president, AB Structural Design, who drew the plan for Raine, says the design isn’t aimed at big hillside collapses; he says it works when fissures appear under a house causing slow movement because adjustable supports allow the house to “follow the movement without breaking apart.”

The price on a house across the street from Raine’s listing just dropped to $999,000 on Sept. 12 from $1.39 million after an investment group backed out of a contract. The listing, advertised on Zillow as an “enchanting storybook home,” with three bedrooms, 1,800 square feet and a new renovation, now says: “Seller has found replacement home and is ready to move immediately. +Incredible Opportunity + NON CONTINGENT CASH OFFERS ONLY.” The listing also warns that gas and electricity have been disconnected by the city.

In the upper section of Portuguese Bend, an area full of artists and teachers where the damage is particularly bad, residents are thinking long term. Tyson Schilz, 40, an electrical contractor, spent $875,000 in 2014 building a 3,700-square-foot, five-bedroom home in an area called Monks Lots, where landowners won a lawsuit in 2008 to overturn a building moratorium put in place by the city in 1978 over landslide concerns.

In December, Schilz realized his house was ripping in two pieces, so he decided to finish the job, spending several hundred thousand dollars raising it and splitting the roof in two. He cut the utilities and reinstalled them into the two, separated halves, among other measures.

“We’re not crying crocodile tears,” says Schilz. “It was always in the back of my mind that it could slide one day.” He is renting a place in nearby Manhattan Beach for the next year while his son finishes high school. He is hoping that in 10 years or so the land will have settled and everyone will have forgotten what happened, at which time he will either move back or sell. “I’m long landslide,” he says.

Corrections & Amplifications undefined SoCalGas cut gas to 37 homes on Sept. 16. An earlier version of this article incorrectly said it had cut gas to 35 homes. (Corrected on Sept. 20)

QUBE Development, the renowned international real estate developer, known for their trailblazing building solutions, shares its insights on UAE’s real estate market, which continues to garner strong demand from investors from all over the world. The growing surge is due to various factors with the off-plan market being the major contributor and responsible for 65 percent of overall sales transactions for the month of August 2024, a 54% volume increase from what was recorded during the same period last year.

According to data analytics online platform, Statista, the UAE real estate market is anticipated to reach a value of AED 2.5 trillion by the end of 2024. This growth is spearheaded by the increasing influx of high-net-worth individuals (HNWIs), who have entered the market looking for strong investment opportunities with a focus on the luxury property sector, primarily in the off-plan market where a high number of ultra-luxury projects and megaprojects are currently underway.

The global interest has been recognized by QUBE, who have recently launched their first residential project ‘Cubix Residences’ located in Jumeirah Village Circle (JVC) and providing a focus on durability, reliability, sustainability, and exceptional quality to the family-oriented community in the area. This is just the first of many projects to follow as the company has announced its plans to invest an additional AED 2.6 billion worth of inventory into the Dubai market by the end of 2025 to continue expanding its portfolio in this prime market.

Construction Director of QUBE Development, Ramy Abdel Kader, commented: “Cubix Residences is progressing on schedule, with construction now reaching 25%. The surging demand for premium real estate in Dubai reinforces our commitment to deliver efficiently and to the highest standards. At QUBE Development, we provide sustainable, high-quality developments that cater to the evolving needs of urban living. As we move forward, we look forward to unveiling more innovative projects that will continue shaping Dubai’s real estate landscape.”

With a commitment to sustainable design and community engagement, QUBE Development’s ambition is to make a positive and lasting impact by enhancing the quality of life for all residents through its future developments. By contributing to the well-being of the community and encouraging a healthier, happier tomorrow for everyone, the company looks forward to continuing its efforts in building communities and fostering a strong sense of connection among UAE residents.

The Real Estate Department of the Ministry of Justice in Qatar, responsible for overseeing all real estate transactions and registrations within the country, has implemented ArcGIS technology from Esri, a global leader in geographic information systems.

In collaboration with Mannai Infotech, the official representative of Esri in Qatar, the Ministry adopted ArcGIS to enhance and modernize its real estate registration system through the development of the REGIS application. This digital solution aims to revolutionize real estate registration processes in the country.

Amer Al Ghaferi, Director of the Real Estate Registration Department, highlighted that this technology aligns with the department’s commitment to adopting the latest industry advancements. It also reflects the Ministry of Justice’s efforts to maintain Qatar’s leading global position in real estate registration procedures by ensuring compliance with standards of development, sustainability, and efficiency.

Mohammed Juma Al Kaabi, Director of the Information Systems Department, emphasized the ministry’s focus on accelerating digital transformation initiatives in collaboration with various administrative units, while maintaining quality and efficiency.

Binu M R, Senior Vice President of Mannai Infotech, noted that this partnership with the Ministry of Justice and Esri has been a successful venture that supports the digital transformation and modernization of Qatar’s real estate services.

The REGIS application, integrated with multiple systems and powered by ArcGIS, has significantly streamlined operations, reducing processing times from days to minutes and improving collaboration between stakeholders. Transactions that previously took days are now completed in minutes due to the efficiency and automation provided by REGIS.

The ministry has previously been recognized with the Special Achievement in GIS Award at Esri’s User Conference in San Diego. This international accolade reinforces the ministry’s dedication to delivering high-quality results and driving technological progress in real estate registration. As one of the first ministries featured as a success story on Esri’s website, the Ministry of Justice has gained global recognition for its achievements.

Dar Global has forged a partnership with luxury jeweler Mouawad to develop an exclusive SAR 880 million (GBP 180 million) residential project near the World Expo 2030 site in northern Riyadh.

This high-profile collaboration marks Dar Global’s entry into the Saudi market, a key milestone in the company’s global expansion plans. For Mouawad, the project signifies a strategic move into the luxury residential sector, leveraging its renowned craftsmanship to explore new ventures.

Scheduled for completion in Q4 2026, the development will feature 200 luxury villas, set to become one of Riyadh’s most prestigious addresses. The project will combine Dar Global’s expertise in innovative high-end real estate with Mouawad’s distinguished legacy of artistic mastery.

Owners of properties valued at 4 million Saudi Riyals and above will qualify for Real Estate Owner Residency under the Saudi Premium Residency Program. This initiative, along with co-branded luxury real estate offerings, has heightened Saudi Arabia’s appeal to international investors, further solidifying Riyadh’s status as a rising global hub for luxury living.

Ziad El Chaar, CEO of Dar Global, said: “This is a proud moment for Dar Global as we bring our international expertise and high standards of living to the Saudi market. Our partnership with Mouawad, a brand synonymous with diamonds, luxury and artistic craftsmanship, is an embodiment of our shared vision to offer a unique, globally inspired living experience in Riyadh. We aspire for this project to stand as a benchmark of luxury and elegance, much like the renowned Bulgari Residences. It underscores our commitment to enhancing the Kingdom’s real estate offering with developments that stand at the intersection of modernity, elegance, and timeless design.”

Pascal Mouawad, Fourth Generation Co-Guardian of Mouawad, commented: “For more than a century, Mouawad has long been a hallmark of luxury and enduring elegance. Our collaboration with Dar Global enables us to expand our legacy into the realm of branded residences, infusing our unique identity into prestigious developments around the world. We believe this milestone will set a new standard for luxury living in the real estate market.”

Situated on the stunning shores of Al Marjan Island in Ras Al Khaimah, The Unexpected Al Marjan Island Hotel & Residences showcases a bold architectural vision. Developed by the award-winning, Dubai-based luxury firm Almal Real Estate Development, this property redefines upscale living by harmonizing natural beauty with contemporary design.

Enhancing its appeal, Almal Real Estate Development has announced the launch of its third sales phase, offering 70/30 payment plans and units starting at AED 2.5M.

The Unexpected Al Marjan Island Hotel & Residences

Established in 2022, Almal Real Estate Development has quickly positioned itself as a leader in luxury real estate in the UAE, playing a key role in the country’s economic diversification and growing tourism sector. As the company’s flagship project, The Unexpected Al Marjan Island Hotel & Residences features over 422 hotel rooms and fully managed residential units, all with spectacular views of the Arabian Gulf and located just a minute away from Wynn.

The leading developer has appointed Palladium Hotel Group, the reputed Spanish hotel operator, to manage this prestigious project, consisting of two properties: The Unexpected Al Marjan Island Hotel and The Unexpected Al Marjan Residences, under the renowned brand Ushuaïa Unexpected Hotels & Residences. The company has also appointed the Design & Architecture bureau (DAR) as the lead design consultant for the project.

Design Features

Creating a captivating synergy with its natural surroundings, The Unexpected Al Marjan Island Hotel & Residences design seamlessly integrates with the ocean waves, inviting guests to indulge in the serenity of coastal living. By utilizing light-colored materials, the property creates a clean and inviting atmosphere during the day, with dynamic lighting, including an LED archway and a backlit roof canopy, transforming the space into an enchanting display at night.

Extending the natural contours of the coastline into the landscape and creating a harmonious flow from the exterior to the interior, strategic level changes guide attention to immersive events, framed by the stunning ocean views. Meanwhile, thoughtful placement of vegetation and terrain elements enhances aesthetics and reduces external noise, beckoning you to immerse yourself in a haven of natural splendor. Steeped in Mediterranean flora, the property fosters a profound connection to the surrounding environment, echoing the rhythmic harmony of the sea.

World-Class Amenities

Situated less than a minute from the Wynn resort, guests will enjoy an infinity rooftop pool, a vibrant beach club, a spa and wellness center, pocket gardens, five intimate dining areas serving up authentic international cuisine, and so much more. The first floor caters to VIP guests with exclusive suites and private pools while the incredible rooftop is home to the Rooftop Restaurant & Bar Terrace, VIP Garden Platform, various pool decks, and spa facilities for ultimate relaxation and entertainment. Guests can also look forward to a fresh take on breakfast with an all-day dining concept, ensuring a new experience every morning.

Upon entering this elegant property, the lobby creates an immersive experience with its curved LED screen, presenting a new spectacle upon every visit, complemented by an iconic hanging feature that encapsulates the essence of The Unexpected. The stylish surroundings beautifully translate into the room design with an array of impressive amenities and design features, each crafted to ensure unparalleled opulence and comfort. Embracing the concept of “angel by day, devil by night,” rooms transition from light, airy tones in the living areas and balconies to darker, more vibrant, atmospheric hues in the bathrooms and kitchens. 

Every room is equipped with a unique maxi bar featuring custom-made hummingbird handles, adding a chic touch to each space. Select rooms go a step further with an intriguing ceiling mirror feature, while glass shower designs provide a blend of privacy and striking visual appeal in every bathroom. Additionally, 64 of its stylish rooms boast private Jacuzzis and bathtubs on the balconies, inviting you to unwind while soaking in breathtaking views of the glistening Arabian Gulf.

Almal Real Estate Development Launches the Third Sale Phase

Almal Real Estate Development has launched the third sales phase for The Unexpected Al Marjan Island Hotel & Residences, offering units starting from AED 2.5 million with an attractive 70/30 payment plan. This phase presents an exclusive opportunity to own a piece of this stunning property, where natural beauty elegantly merges with contemporary design.

Penthouse.ae has completed a record-breaking AED 125 million off-plan villa sale in the prestigious Sea Mirror community on Jumeira Bay Island. This transaction stands as the largest off-plan villa sale of the year and the biggest deal in Metropolitan Group’s history.

After a thorough four-month process, Antonio Caviglia, Sales Executive – International at Penthouse.ae, successfully secured the sale with a European Ultra High Net Worth Individual (UHNWI).

The 5-bedroom villa, spanning 15,000 square feet and scheduled for handover in early 2026, was purchased by the European UHNWI as both a family home and an office. This marks the buyer’s first investment in the UAE.

Commenting on the deal, Marcus Andersson, Director of Sales, Penthouse.ae, said: “This record-breaking sale underscores Dubai’s unwavering position as a global leader in luxury real estate. The emirate’s strategic vision, coupled with its world-class infrastructure and unparalleled lifestyle offerings, continues to attract discerning international investors. We are proud to have facilitated this landmark transaction and establish a new benchmark for off-plan sales. Our deep understanding of Dubai’s property landscape and our commitment to delivering personalized service ensure that clients benefit from the most lucrative investment opportunities available.”

Sea Mirror, located on the exclusive Jumeira Bay Island, offers an unparalleled living experience with its 18 unique private homes. The villas are designed by internationally acclaimed architects Jacobsen Arquitetura and Studio MK27, Brazilian design firms celebrated for their numerous national and international design awards while the interiors are designed by Patricia Urquiola, a Milan-based designer whose work is featured in leading global museums. The properties offer expansive indoor and outdoor spaces, complemented by world-class amenities from the neighboring Bulgari Resort, Marina, and Yacht Club.

Antonio Caviglia, the agent responsible for the sale, said: “Understanding our client’s specific needs was key to securing this landmark sale. They were initially interested in an apartment, so we showed them three properties before we identified and recommended the Sea Mirror villa as a perfect fit, as it offered the space, functionality and prestigious location they desired. The unmatched design and amenities at Sea Mirror truly elevated the property for them and it was a unique opportunity for them to acquire a one-of-a-kind Dubai residence.”

Azizi Developments has announced the complete sale of all units in Pearl, a residential project located in Al Furjan. The property offers convenient access to the city’s major attractions while maintaining a peaceful distance from its bustling center.

The high-end development features 192 studios, 54 one-bedroom apartments, and 14 two-bedroom apartments.

Among the 40 nationalities who have purchased units in Pearl, UAE buyers represent the largest group at 25%, followed by investors from the US, Italy, and Germany, who together account for 35%. Buyers from various GCC countries, including Saudi Arabia, make up 30%.

Azizi Developments’ chief operating officer, Afzaal Hussain said: “We take immense pride in the rapid sales at Pearl, a clear reflection of the exceptional quality and overall allure of this world-class development.”

“The high demand for our projects in Al Furjan, including Berton and Amber, reinforces the area’s position as one of Dubai’s most sought-after residential destinations, with it thriving as the city’s growth continues to expand in its direction,” Hussain added.

Pearl is set within a vibrant community, surrounded by lush green spaces and major retail outlets. Its prime location, just a minute away from both Mohammed bin Zayed Road and the Al Furjan metro station, makes it one of the most accessible and strategically positioned areas in Dubai.

A short drive connects residents to Jafza, Ibn Battuta Mall, JBR, Dubai Marina, and Al Maktoum International Airport. Additionally, Pearl is conveniently close to the Palm, Expo City, DIFC, and Business Bay, providing easy access to a variety of business, retail, and leisure destinations.

Jubail Island Investment Company (JIIC) has awarded the construction contract for Jubail Town Centre in Souk Al Jubail to Bright Accord General Contracting Company. The contract, valued at nearly AED 400 million, includes the development of four office buildings and two residential buildings, specifically Jubail Terraces buildings 7 and 8.

Centrally located within the Souk Al Jubail village, Jubail Town Centre is designed as a family-oriented lifestyle destination, offering a contemporary and dynamic setting that integrates wellbeing, connectivity, leisure, retail, and business services. With direct access to the E12 Highway, the center features commercial properties, low-rise residential buildings, green spaces, walkways, and seating areas, all of which capture the essence of community life on the island.

The Town Centre will also include designed outdoor spaces and parks, a mosque, a specialized medical clinic, a nursery, a supermarket, cutting-edge fitness centers, over 40 distinctive retail outlets, premium F&B pavilions, campus-style offices, wellness hubs, and a lively community center.

Within the Town Centre, Jubail Terraces offers luxury apartments in various configurations, including studios, one, two, and three-bedroom units, as well as duplexes. Additionally, retail spaces have been designed to create an engaging shopping environment for both the local community and visitors, anchored by a Spinneys supermarket and Jubail’s Redwood Center of Excellence (nursery), all in close proximity to luxury residential neighborhoods.

The groundbreaking for Jubail Town Centre is expected to start in Q3 2024, with a completion target of Q3 2026. It is set to become one of Abu Dhabi’s premier destinations, renowned for its scenic strolls and vibrant ambiance.

“JIIC is committed to delivering high-quality developments that enhance the lives of residents and visitors to Jubail Island”, said Engineer Abdulla Saeed Al Shamsi, Corporate Director of JIIC. “Jubail Town Centre is a testament to our vision of creating a dynamic community that harmonizes with the natural beauty of Jubail Island. We are thrilled to embark on this project with Bright Accord General Contracting Company and look forward to the successful completion of this exciting project”.

When complete, Jubail Island will feature uniquely designed community centers, mosques, a medical clinic, educational institutions, a standalone supermarket, and a premier beach club. It will also offer a 65-berth world-class marina, exclusive yacht clubs, as well as indoor and outdoor gyms, walking and cycling paths, community pools, kids’ play areas, and 1.4 million square meters of parks and open spaces.

Owned by JIIC and developed and managed by LEAD Real Estate Developer, Jubail Island will comprise six residential villages nestled among the breathtaking natural beauty and rich biodiversity of the mangroves. The low density, low-impact landmark community will offer residents every convenience and amenity, seamlessly blending sustainable living, luxury, and wellness in an iconic new addition to Abu Dhabi’s real estate landscape.

LMD has introduced its newest development, The Pier Residence, in Dubai Maritime City, with an investment of AED 750 million. The project’s details were revealed during a launch event attended by key strategic partners.

Scheduled for completion in Q2 2027, The Pier Residence will feature 274 premium homes, offering a mix of one, two, and three-bedroom apartments. Select units will include private pools, while all residences will boast modern, elegant designs with high-end finishes. Residents will enjoy panoramic views of the Arabian Gulf and the iconic Downtown Dubai skyline.

Situated in the heart of Dubai Maritime City, The Pier Residence offers a prime location just minutes away from Downtown Dubai and Jumeirah, making it ideal for those seeking a well-connected urban lifestyle. Amenities include a state-of-the-art gym, a padel court, jogging and walking tracks, a luxurious residents’ lounge, and a dedicated children’s play area.

LMD is excited to partner with the National Bank of Fujairah on this ambitious project, highlighting the bank’s dedication to driving innovative real estate initiatives. This collaboration not only pushes the development forward but also aligns with the shared vision of both parties to promote innovation and progress in the real estate sector.

The company has also partnered with Devmark, the UAE’s leading sales and marketing consultancy, which has been appointed as the exclusive sales partner for The Pier Residence. With Devmark’s expertise and leadership, we trust that our collaboration will ensure the project’s success.

“We are glad to announce one of our most significant real estate projects in Dubai, reaffirming our commitment to realizing Dubai’s vision of elevating the real estate landscape. The Pier Residence aligns with the emirate’s rapid growth and addresses the unprecedented local and global demand for property in Dubai,” said Hamad Al Abbar, Managing Partner of LMD.

Al Abbar highlighted that Dubai has recently succeeded in attracting the world’s wealthy individuals due to the ease of purchasing real estate for international investors, offering high returns on investment, residency visas based on property investment, and high-quality infrastructure coupled with diverse, large-scale real estate projects.

He praised the Dubai Land Department for its efforts in enhancing cooperation, partnerships, and knowledge exchange on best practices within the real estate sector. These initiatives have significantly contributed to providing a safe and transparent investment environment for developers and buyers, leading to substantial growth in sales.

He highlighted that Dubai Maritime City is on track to emerge as a prominent coastal destination in the UAE, making it highly appealing to investors seeking profitable returns, supported by a favorable investment climate, diverse projects, and sustainable growth opportunities.

Al Abbar anticipates that the growth rate of investment returns in Dubai’s real estate sector will continue, bolstered by strong market momentum, the launch of new projects, increasing demand, economic recovery, and a significant influx of new residents and tourists.

New Event Developments has confirmed its participation in the Cityscape Egypt 2024 exhibition, scheduled from 25 to 28 September. At the event, the company will present exclusive offers and distinctive units across its three projects, offering a prime opportunity for customers to secure special deals during the exhibition.

Dr. Hamied Al Rgwy, Chairperson of New Event Developments, highlighted Cityscape Egypt as a vital event for the company to engage with its clients, said that the exhibition serves as a key marketing platform for promoting the company’s projects. This year’s event is being held amid heightened demand from clients seeking to invest in real estate, recognizing it as a safe investment and a reliable store of value.

Al Rgwy added that the company is showcasing its H Mall, Qamari, and Trave Business Complex projects, all located in prime areas within the New Administrative Capital. The company carefully selects the locations of its projects to ensure the best investment opportunities and the highest returns on investment for its clients, whom the company considers as part of its family and always strives to offer the best.

He pointed out that the Qamari project spans 25 acres and is located in a prime area facing the Diplomatic District, surrounded by several major roads and close to service hubs in the R8 district, including clubs, schools, and universities. The project offers a range of premium services, providing a fully integrated residential development with all the facilities and amenities that ensure comfort, luxury, and a high quality of life for residents.
He disclosed that the Trave Business Complex is a commercial mall directly overlooking the Central Park in Downtown and a major 70-meter-wide road. It is situated in front of the pharmaceutical company, covering an area of 4,500 sqm. The complex consists of 13 floors, featuring a mix of administrative and commercial units.

The H Mall project is located directly overlooking the Central Park in the Downtown area, near the Gold Market and the Green River, and just minutes away from the Monorail station. The prime location is one of the key factors the company focuses on when selecting its projects. The project covers an area of 4,511 square meters and includes both commercial and administrative units, he noted.

He concluded that the Egyptian market is filled with promising investment opportunities for serious and ambitious companies. The attractive investment and legislative climate draws both local and foreign investments, creating strong opportunities for all companies.

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.

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.

A second destination, Thuwal Private Retreat, located further south will open in the coming weeks. AMAALA remains on track to welcome first guests in 2025, when the first eight resorts complete as part of Triple Bay phase one, along with Corallium Marine Life Institute and the iconic Yacht Club.

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.

HRE Development’s growing portfolio includes prestigious projects such as Liv Residences, Kempinski Hotel, Lulu Mall, The Gate Tower, and Al Zahia Development, each of which underscores the company’s commitment to quality, innovation, and customer satisfaction.

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.