Over the last two years, developers in Dubai have been relatively quiet with launches, as worries grew that the thousands of new homes added will create an excess of supply and add to the price falls. This year, another 30,000 plus homes should be ready.
But in recent weeks property sales – especially completed homes – picked up significantly and could soon extend to off-plan sales. This is why developers want to be ready with new projects when investors come calling.
Real estate prices in Dubai are forecasted to stabilize by 2022 according to experts. According to Reuters, the price declines were dropped from 4 percent to 1.3 percent, compared to last year which it was 10 percent on average. Correspondingly, analysts are optimistic about the industry in relation to Expo 2020 which will last for 6 months this year.
Sobha Realty has announced Creek Vistas Reserve Tower as the latest of Sobha Hartland- 8 million sq ft area located in Mohammed Bin Rashid Al Maktoum City. The launch represents the next phase of its high-end development Creek Vista towers which was very popular amongst locals and Arab investors.
Danube Properties delays its launch of 741 residential units, and announced the latest project Olivz which is made up of a mix of studio, one-two bedroom apartments. Danube’s portfolio stands at 14 projects, of which nine are delivered, including the Dh450 million G+29 storey Bayz at Business Bay. In terms of feel and location, Bayz has been quite a step up for Danube, which has focused on emerging freehold locations for the bulk of its work. The other delivery is for the Miraclz in Al Barsha South.
Ellington Properties launches wellness residential community in MBR. The new development contributes to the Dubai 2040 Urban Plan. The new project is another distinctive addition to Ellington’s growing portfolio of projects in Dubai. Other developments by the developer include Belgravia and Belgravia II, Belgravia Square, Belgravia Heights I, Eaton Place and Somerset Mews, all located in Jumeirah Village Circle, as well as Wilton Terraces and Wilton Park Residences in MBR City and DT1 in Downtown Dubai.
Robert Booth, Co-Founder & Managing Director, Ellington Properties, said: “The design approach of residences has a key role to play in setting the foundation for the wellness of residents. Our new project in MBR City stands out by offering a healthier lifestyle and brings avant-garde wellness trends. It underlines our commitment to create sustainable living spaces for the future underpinned by innovative design. It is the perfect investment for home buyers who desire a harmonious relationship between aesthetic design, privacy and wellness-focused community living in Dubai.”
Deyaar Development announces Noor as a third district to Midtown. Noor district consists of 593 units in 7 buildings offer studio, one to three bedroom apartments. Apartment prices start from AED 480,000 while Midtown is built for healthy lifestyle for its residents.
Nikki Beach Residence
Meraas has commenced handover of the 63 luxurious one-to-four-bedroom homes at Nikki Beach Residences. Located on the shores of Pearl Jumeira, an island destination created by Meraas, Nikki Beach Residences is an affluent address in the sought-after Jumeira 1 district with a limited collection of 1, 2 and 3-bedroom apartments, six townhouses, and a 4-bedroom penthouse that benefits from panoramic views over the Arabian Gulf and Dubai’s impressive skyline. Nikki Beach Residence is without doubt one of the most prestigious neighborhoods in Dubai and the first freehold beach residences in Dubai.
Sur La Mer
Sur La Mer grandly introduced by Meraas adjacent to Port De La Mer at Jumeirah 1, it includes a luxurious collection of 3, 4 and 5 bedroom townhouses with Italian architecture. Jumeirah1 is the breathtaking master community which is located at the tip of the peninsula.
These townhouses create a passionate environment with charm and majestic classic Italian structure of each bedroom in Sur La Mer. The vibrating material and inspiring colors are importing luxury to the resident’s life. This is part of the urban life of Dubai where serenity and class meet a cosmopolitan lifestyle.
Residents of Sur La Mer townhouses have access power of unparalleled shopping, dining and hospitality experience along with convenience, entertainment and relaxation. Resident can feel like the ultimate life being a neighborhood of 4-star and 5-star hotels. Boutiques, restaurants, and cafes are the main attraction of its leisure life.
AL HABTOOR GROUP
Al Habtoor Group has announced the sale of its 73-storey Amna Tower, part of The Residence Collection at Al Habtoor City, and the last property in the group Residence Collection. “The residential community has exclusive access to first-class amenities, which include the largest swimming pool and leisure deck in the UAE, a state-of-the-art gym, two luxury spas, multiple restaurants and cafés, the Al Habtoor Tennis Academy – which includes an indoor tennis court for year-round play, and an RTA marine stop on the Dubai Water Canal,” Al Habtoor added.
Located off the Palm Jumeirah, Dubai Harbour has an exciting new master development by Emaar called Emaar Beachfront. The first launch that has been released out of this development is Beach Vista, followed by Sunrise Bay, Marina Vista, Grand Bleu Tower by Elie Saab and South Beach Holiday Homes. The total project will constitute of 27 towers by the master development, each with it’s own private beachfront, so that residents can enjoy daily. Overall, the towers are distinctive from each other in terms of level of luxury, fitting and finishes. The overall theme of the residences is inspired by Miami Lifestyle and complemented with fantastic coastal views. Emaar will be building on total of 20 million sq ft land that includes waterfront units and Address Hotels & Resorts project as well.
MAJID AL FUTTAIM
Majid Al Futtaim has been launching Harmony I, II & III Villas located in Tilal Al Ghaf which offers a collection of 4 to 5 bedroom villas set in nature-inspired outdoors around a recreational lagoon with sandy white beaches and resort-style amenities including swimming pools, community and fitness centres.
Tilal Al Ghaf is Majid Al Futtaim’s mixed-use community development in Dubai is situated around a 70,000 sqm recreational lagoon with white sandy beaches offering a resort-like living experience. Spanning over 3 million sqm, the community will provide neighbourhoods featuring high-quality villas, townhouses & apartments. These are connected by 18 km of walking/running trails, 11km of cycling tracks and over 400,000 sqm of open green spaces with parks all around the community.