Feature: Construction Project Update 2019
With 2019 going by so fast we at Construction Business News wanted to bring you up to speed on the latest updates on projects that are taking place in the region.
Arabian Ranches III by Emaar
Emaar Development today marked the ground-breaking ceremony on Arabian Ranches III – the newest phase of the premium gated villa community, which recorded a sell-out response from investors and homebuyers with its first two neighbourhoods SUN and JOY.
Arabian Ranches III is an extension of Dubai’s well-established Arabian Ranches destination.
In line with its slogan ‘Find Your Happy’, Arabian Ranches III will increase the happiness and well-being of its residents with a lazy river, sports courts, kids splash pads, a clubhouse, a central park and a retail area, among numerous other family-friendly amenities.
The key feature of Arabian Ranches III is the central park designed for unwinding and neighbourly get-togethers. It will stretch across 30,000 square metres (about 7.5 acres, or more than four football pitches), with a central plaza, lawns, adventure zones, a parkour course, a skate park, barbeque areas, a gymnasium, jogging tracks and a cricket pitch.
Residents will also have a choice of smaller parks with children’s playgrounds, and a 4-kilometre long boulevard. A mosque, reputed schools and healthcare facilities are also nearby.
Once complete, Arabian Ranches III will also offer a direct connection to the 86-kilometre long Al Qudra Cycling Track, while the 42-metre-wide boulevard loop in the heart of the community will promote a healthy, pedestrian-friendly lifestyle.
Ahmad Al Matrooshi, Managing Director of Emaar Properties, said: ‘“We are thrilled to commence construction on this remarkable new extension of our highly successful Arabian Ranches. How great is to have a large central park, private gardens, top-of-the-line amenities and sports for everyone – all in one place?”
Mr Al Matrooshi added: “We are particularly proud of the fact that Arabian Ranches III will be a haven for families and children, with man-made rivers, hammock areas, outdoor pools and a cinema, playgrounds, a tree house, and much more. We will soon be announcing a new opportunity for investors in what we believe will be Dubai’s definitive family community.”
Introducing Connect by Azizi, a new residential development strategically located in Al Furjan
Azizi Developments, one of the leading private developers in the UAE, is bringing the next generation of urban connectivity to life with Connect by Azizi, a spectacularly-designed and strategically-located residential development in Al Furjan. The exceptionally well-thought-out master-planned community that hosts this property is situated in the growth corridor of Dubai, boasting outstanding accessibility while being a serene escape from the bustle of the city.
Offering customers the opportunity to live in one of the most up-and-coming locations in the Emirate, Connect by Azizi features 245 units, including 190 studios as well as 41 one- and 14 two-bedroom apartments spread across seven levels that overlook scenic vistas of the city’s skyline.
Situated near Sheikh Mohammed bin Zayed Road and the new Expo 2020 Route metro line, Connect by Azizi is remarkably well tied to the entirety of Dubai’s marvellous points of interest. With its ease of access to the bustling Expo 2020 site, as well as to the Al Maktoum International Airport, the development is at the very forefront of global interconnectedness.
Farhad Azizi, CEO of Azizi Developments, said: “Location, and especially connectivity to major retail, leisure and business hubs, remains a key factor in the home purchase decision making process, as our research consistently underlines. We’re introducing Connect by Azizi as a response to this growing demand, in a location that is witnessing increasing rental yields and superb investor response. Our developments in the blossoming area that is Al Furjan have sold out at exceptionally swift rates and have proven to be outstanding investments. We are delighted to add this remarkable development, which reflects the city’s popularity as a metropolitan hub and gateway to the world, to our portfolio.”
Connect by Azizi reflects masterful craftsmanship and interior artistry with homes that have intricate marble flooring, graceful wall and ceiling décor, and generous counter space. Built to the highest standards of environmental sustainability using eco-friendly materials, Connect by Azizi homes not only assure enhanced wellness for residents but also improved indoor air quality and lower utility bills, given its focus on the sustainable use of energy and water resources.
Bloom Properties showcases diversified projects
During Cityscape Abu Dhabi 2019, Bloom presented its diversified portfolio of real estate developments across the UAE. Furthermore, the developer provided investors with updates on several developments that are currently under construction or nearing completion and introduce them to the exclusive post-handover payment plans on offer.
Sameh Muhtadi, CEO of Bloom Holding, said: “Cityscape Abu Dhabi has served as a key platform for Bloom to introduce its latest projects to a wide range of regional and global investors, engage them in its future development plans and expand its client base.”
He added: “Our upcoming participation in Cityscape Abu Dhabi 2019 assumes special significance, as we are set to hand over two of our most eagerly anticipated residential developments in Abu Dhabi, Park View and Soho Square. The exclusive post-handover payments plan we are offering during Cityscape on the ready-to-move-in units is a great way to appreciate our investors for their continued trust in the quality of our offerings and our ability to exceed their expectations.”
In addition to Park View and Soho Square on Saadiyat Island in Abu Dhabi, Bloom Properties will also showcase Bloom Heights and Bloom Towers in Jumeirah Village Circle (JVC) in Dubai at Cityscape Abu Dhabi 2019.
Over the years, Bloom has built an impressive track record as a developer with an uncompromising approach towards design and quality. Its growing portfolio of integrated communities, such as Bloom Gardens, FAYA, Bloom Marina and Bloom Central, offers the advantages of high-quality living spaces and family-oriented activities for residents.
Preferred for their strategic locations, premium amenities and excellent potential to generate significant returns on investment, Bloom’s developments have attracted high investor uptake, and continue to witness sustained demand from investors from across the world, as evidenced by the strong response it received during its recent international roadshows.
To date, the company has delivered more than 2,000 residential and commercial units across eight developments, as well as two world-class hotels, four schools and two nurseries.
Living Garden by Lootah Properties
Living Garden, soon-to-rise modern residential units in the up and coming neighbourhood of Jumeirah Village Circle (JVC), will be the newest addition to Lootah Real Estate Development’s portfolio of high-quality, affordable and sustainable properties in Dubai, offering residents not just a home, but also a lifestyle.
The project features a modern, yet elegant façade composed of aluminum vertical elements and glass windows while its interior finishing will include porcelain tiles and counter tops designed to suit a contemporary lifestyle.
Residents, whether individuals, couples or small families, can choose from expert-built yet affordable studios and one-bedroom apartments with areas ranging from 300 to 1200 sq. ft, having spacious bathrooms, sophisticated apartment palette, ceiling finishing, and elegant lighting.
Living Garden will host state-of-the-art amenities including exceptional fixtures and fittings, fully equipped gym, as well as covered parking, amongst many others.
Saleh Abdullah Lootah, Executive Director of Lootah Real Estate Development, said: “Living Garden is a reaffirmation of Lootah’s commitment to be the top lifestyle developer and the leader of innovation in the real estate development sector. Through this development, Lootah remains steadfast to its commitment in providing the highest standard of living for its residents without missing on affordability. Living Garden is a modern-inspired property that will not just provide a home, but also a lifestyle, as it will strategically be situated in a prime location where residents can easily access the city but at the same time enjoy suburban living.”
Residents of Living Garden can enjoy an environment that provides a sense of community and a healthy lifestyle, as well as live life to the fullest as it is within the reach of the city. JVC provides easy access to Sheikh Mohammed bin Zayed Road and Al Khail Road, and offers an extensive range of facilities including a mosque and parks.
Miral projects worth AED 6.2 billion under construction on Yas Island
Miral, Abu Dhabi’s creator of destinations, is investing AED 6.2 billion into entertainment and leisure projects on Yas Island, with steady growth reaffirmed as it achieved 28 million visits in 2018.
It doesn’t end there: Miral has more development plans as it continues to grow Yas Island into an entertainment, leisure and business destination.
Upcoming attractions to come include CLYMB, a new sport facility that will feature the world’s widest indoor skydiving flight chamber and highest indoor climbing wall, complements Yas Island’s existing experiences. It also provides a record-breaking option for adrenaline and fitness enthusiasts.
SeaWorld Abu Dhabi, a next-generation marine-life theme park which also includes the UAE’s first dedicated R4 marine research, rescue, and rehabilitation and release center, is another project that will be an exciting addition to the island’s immersive attractions and experiences.
Yas Bay, Abu Dhabi’s ultimate waterfront experience, is also progressing and will be a vibrant community to live, work and play. Once complete, it will include Yas Bay Arena, The Residences – which will feature 15,000 residents – a promenade and pier with 37 cafés and restaurants, 19 retail outlets, a beach club, and two hotels. It will also become the new hub for Abu Dhabi Media Zone, twofour54.
Town Square Dubai by Nshama
Town Square Dubai by Nshama, which focuses on building homes highly sought-after by families in trendy neighborhoods away from the bustle, will hand over 5,000 additional residences this year taking the total number of homes handed over to more than 6,600.
By end-2019, Town Square Dubai will be home to over 18,000 people making it one of the thriving residential communities in Dubai.
Fred Durie, Chief Executive Officer of Nshama, said: “Working with established contractors, we are making strong progress on the delivery of an additional 5,000 homes that deliver on the promise of ‘live life at your price’ in Town Square Dubai. As the pioneering master-planned development in Dubai focused on offering homes for families through attractive payment plans, Town Square Dubai has set the standards in residential developments for families. With the homes recording strong demand, investors are assured of strong returns and rental yields while residents become part of a full-fledged lifestyle community.”
SE7EN City JLT by Seven Tides
The project, valued at over AED1 billion and due for completion during Q2 2021, completely sold out phase one in less than a week following its launch in May 2018 – selling 661 apartments, valued at AED 301,863,775 million, sales now total over 800 units.
“To sell out phase one of our project in less than one week is remarkable, particularly given the tough trading conditions many developers are facing,” said Abdulla Bin Sulayem, CEO, Seven Tides.
“We are offering excellent value at a competitive price point. In addition, we offer a very attractive easy payment option consisting of a 5% deposit, followed by payments equal to 6% of the cost price to be paid every subsequent quarter. We estimate that studios should yield 12% per annum.”
Spread across 3.5 million square feet and situated within Cluster Z in DMCC, opposite the Montgomery and Emirates’ golf courses and the Emirates Hills community – the development is made up of 2,744 units – with its residential element consisting of 2,617 studio, one, two and three-bedroom apartments as well as a limited number of duplex apartments, plus 78 hotel rooms.
The striking design sits upon a common podium, which plays host to promenade restaurants overlooking a lake. The tower also features a gym, health club, infinity pool, children’s pool, a roof garden, cafes, other dining options, a large retail offering featuring 48 retail shops, covering 150,000 sqft over three floors, which will include a hypermarket, as well as car parking spaces totalling 2,718, with an additional 620 spaces dedicated to retail parking, including valet.
Bin Sulayem, added: “SE7EN CITY JLT is designed to provide everything a resident might possibly want, with various retail options, entertainment, food and beverage outlets, gym and a health club. However, when residents do venture outside, they’ll still be able to enjoy the urban vibe, with the excitement and fast-paced, hustle and bustle of city life, right on their doorstep.”
Benessere by Vincitore Realty
Vincitore Realty, a Dubai-based developer of quality properties and a pioneer in branded realty, today announces the launch of Dubai’s first wellness and affordable branded realty project – Vincitore Benessere – the developer’s third such project in Dubai that will change the way people see real estate in this part of the world.
With a development value exceeding Dh375 million, Vincitore Benessere will host 380 branded residences ranging from Studios to 3-Bedroom luxury apartments – all fitted with the best-in-class facilities and amenities suited for medieval-era European royalty and landed aristocracies. It will include 38,000 square feet of high street boulevard retail to the serve the entire community in and around the area.
The project is located in Arjan, next to Miracle Gardens with the magnificent views of the floral display at the Miracle Garden. The launch of Vincitore Benessere more than doubles the developer’s real estate portfolio value to Dh730 million (US$200 million), including the Dh135 million Vincitore Palacio and Dh230 million Vincitore Boulevard.
‘Benessere’ in Italian means wellbeing in terms of health, comfort, and happiness. Keeping wellness at the center of the conception, design, creation, and development of homes which are comfortable and convenient, Vincitore is developing Benessere, which encompasses all these elements and features in the project which will impart wellness to their customers in terms of happiness and well-being. The project has more than 100,000 square feet of luxurious world-class amenities that will cater to all the wellness needs of each and every resident of the project ensuring their happiness and comfort.
“Real estate is not limited to four walls and a roof. It means a lot more as most buyers put their life savings into a property that they want to live in and call it a ‘home’. We are mindful of that and we are putting all our efforts to make the homes worth living in, breathing in and make them enjoyable and happy experience every day,” Vijay Doshi, Chairman of Vincitore Realty, said.
“His Highness Sheikh Mohammed bin Rashid Al Maktoum, the Vice-President and Prime Minister of the UAE and Ruler of Dubai, is inspiring the UAE to cultivate wellbeing as a way of life and enrich the greater happiness of the nation through National Programme for Happiness and Wellbeing Initiative and we at Vincitore completely support this thought and Benessere is our contribution in the multi-billion dollar real estate segment of Dubai to make this happen, by giving people a place to live where they can dwell in happiness and complete wellbeing.”