The Astera, Interiors by Aston Martin: A New Benchmark in Luxury Living in Ras AL KHAIMAH
Dar Global announced the launch of The Astera, Interiors by Aston Martin.
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Dar Global, a London-listed luxury real estate developer, has unveiled The Astera, Interiors by Aston Martin residences, a new branded residential project in Ras Al Khaimah.
This ultra-luxury beachfront development, valued at AED900 million, is situated on Al Marjan Island and marks Aston Martin‘s debut in applying its internationally acclaimed design expertise to a Middle Eastern real estate project. This follows the successful launch of the Aston Martin Residences in Miami and other design partnerships in the United States and Japan.
Located near the awaited Wynn Resort, The Astera, Interiors by Aston Martin integrates carmaker’s hallmark design and high-performance precision expertise into the property’s interiors. Scheduled for completion by December 2028, the waterfront development will feature a private beach and offer a variety of residential options, including sizable one, two, and three-bedroom apartments, as well as three-bedroom villas.
Ziad El Chaar, CEO of Dar Global, expressed enthusiasm about the launch, saying: “The launch of this much-awaited residential property, The Astera, Interiors by Aston Martin, on Al Marjan Island, furthers our brand vision to curate breathtaking living experience for our exclusive clientele.”
“Combining this iconic British marque’s heritage, innovation and design mastery with Dar Global’s expertise in providing exceptional investment opportunities through luxury homes for global citizens demonstrates yet another illustrious chapter in our trajectory to success,” he added.
Stefano Saporetti, Director of Brand Diversification at Aston Martin, said, “The Astera, Interiors by Aston Martin celebrates our partnership with Dar Global, bringing together two ultra-luxury lifestyle organizations with a shared passion for combining traditional craftsmanship with innovation and cutting-edge design.
“Marking Aston Martin’s very first real estate collaboration in the Middle East, we are incredibly excited by the emerging luxury destination of Al Marjan Island. The Astera, Interiors by Aston Martin provides an opportunity for our talented designers to help shape the interiors of an unparalleled development in the region, further elevating Aston Martin’s brand and applying it to a beachfront lifestyle environment.,” he added.
Residents of The Astera, Interiors by Aston Martin will enjoy a host of world-class amenities, including access to a private beach, an infinity pool with stunning ocean views, a scenic walk track, communal spaces, an indoor cinema, a fitness center, a children’s play area, a spa, a yoga lawn, and a multipurpose hall.
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
Villa prices saw particularly strong growth, with capital values increasing by 33.4 percent year-on-year
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Dubai’s real estate market showed strong performance in the second quarter of 2024, with notable increases across the residential, office, and retail sectors, according to a new ValuStrat real estate report for Q2 2024.
Villa prices experienced particularly strong growth, with capital values rising by 33.4 percent year-on-year.
Haider Tuaima, Director and Head of Real Estate Research at ValuStrat said: “The Dubai real estate market has shown impressive growth and resilience in recent months. The ValuStrat Price Index for Residential Capital Values increased by 6.4 percent quarterly and 28.2 percent annually, reaching 178.2 points.
“Despite severe flooding caused by record rainfalls in April, the quick and effective response from developers and authorities helped to control the damage, ensuring that market activity and property valuations remained robust in the subsequent months.”
The office sector also performed well, with the VPI for office capital values surging by 31.7 percent annually and 9.4 percent quarterly, reaching 212.5 points—the highest quarterly increase in a decade.
In the retail sector, Emaar Properties reported 98 percent occupancy in their prime mall assets, while overall mall occupancy stood at 96 percent during the first quarter of 2024. The hospitality sector also saw growth, with total international guests reaching 8.12 million as of May 2024, a 9.9 percent increase compared to the same period last year. Hotel occupancy reached 81 percent, rising by 1.4 percent year-on-year.
Despite these positive indicators, Tuaima added, “The decline in transaction volumes calls for a closer examination of market dynamics as stakeholders navigate this evolving landscape.”
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
