Latest news with #DubaiRealEstate
Arabian Business
2 days ago
- Business
- Arabian Business
Meraas launches 754-Unit Jumeirah Residences Emirates Towers in Dubai
Meraas, a member of Dubai Holding Real Estate, announced the launch of Jumeirah Residences Emirates Towers, a landmark addition to the city's architectural narrative. Designed by SCDA Architects, the development introduces a striking cantilevered form to Dubai's skyline. With 754 branded residences across two sculptural towers, the project offers a selection of one- to four-bedroom layouts, with sweeping views of the Museum of the Future and Downtown Dubai. ' Jumeirah Residences Emirates Towers represents the evolution of Dubai's luxury living landscape, where world-class design meets unparalleled hospitality,' said Khalid Al Malik, Chief Executive Officer of Dubai Holding Real Estate. 'By integrating Jumeirah's legendary service standards with innovative architectural design, we are setting new benchmarks for premium residential offerings that reflect Dubai's position as a global destination of choice. This project reaffirms Meraas' dedication to creating contemporary spaces that perfectly balance purposeful living with sophisticated comfort'. Meraas sets new standard for sophisticated urban living in Dubai with Jumeirah Residences Emirates Towers Set beneath the cantilever, a private entrance leads residents into a grand double-height lobby that opens into a tranquil garden courtyard and an exclusive lounge. Three exclusive sky terraces feature infinity-edge pools, landscaped lounges and open-air entertainment spaces, enhancing the towers' allure. Akin to the city it is based in, the interiors feature a timeless contemporary design crafted with natural materials such as marble and wood. Every detail reflects a commitment to enduring elegance and sophisticated design sensibility. The residences will offer access to a comprehensive range of lifestyle and wellness amenities, including a state-of-the-art fitness centre with dedicated studios, an executive co-working lounge, a private cinema, a resort-style family pool, padel courts, a children's play zone, and well-curated social and dining venues. Jumeirah's exclusive hospitality services will be open for residents of the tower, including its bespoke wellness treatments, personal fitness coaching, 24-hour concierge services and vehicle management. They can also enjoy access to private chefs for exceptional dining experiences, supported by a dedicated team to deliver seamlessly executed events. 'Jumeirah Residences Emirates Towers marks the next chapter in our growth journey, showcasing the future of the Jumeirah brand through intentional design, mindful living and holistic wellbeing. With a growing focus on branded residences designed to elevate and inspire living well every day, this development reinforces our leadership in luxury hospitality, rooted in the spirit of Arabian hospitality,' Thomas B. Meier, Chief Executive Officer of Jumeirah added. Strategically located at the heart of the city's most dynamic districts, surrounded by the Museum of the Future, DIFC, One Central and Jumeirah Emirates Towers, the residences offer immediate access to Sheikh Zayed Road and Al Khail Road, ensuring seamless connectivity to City Walk, Downtown Dubai, and J1 Beach. This development builds on the success of Jumeirah Residences Marsa Al Arab, further cementing the collaborative legacy between Meraas and Jumeirah. Together, the brands continue to push the boundaries of excellence in design and residential hospitality. The partnership continues to establish benchmarks in design and hospitality within Dubai's residential market. As part of Dubai Holding Real Estate, Meraas benefits from the collective expertise of Dubai's most prominent developers—including Nakheel, Meydan, and Dubai Properties—delivering comprehensive real estate solutions across development, project execution, and property management. Meraas has cultivated some of Dubai's most desirable residential communities, with a portfolio that includes Bvlgari Residences, Bluewaters Residences, Nikki Beach Residences, City Walk Residences, Central Park at City Walk, Cherrywoods, Port de La Mer, and Villa Amalfi. With the launch of Jumeirah Residences Emirates Towers, Meraas continues its pursuit of creating transformative urban environments that celebrate innovation, craftsmanship, and the art of modern living. Brand View allows our business partners to share content with Arabian Business readers. The content is supplied by Arabian Business Brand View Partners.
Zawya
2 days ago
- Business
- Zawya
Infracorp launches 'California Residences' residential project in Dubai
Manama, Kingdom of Bahrain: Infracorp, a leading specialised company in investing in the infrastructure and sustainable development sector, has recently announced the official launch of sales for its latest residential project, California Residences, located in Dubai, United Arab Emirates, with a total investment value of BD 61.8 million. This was during an official launch ceremony attended by several real estate stakeholders in Dubai. Offering 370 units, the project represents a prominent addition to Dubai's real estate landscape, blending thoughtful modern design with a calm, family-oriented atmosphere. It offers a fully integrated living environment that caters to daily life requirements, while fostering comfort, aesthetic appeal, and community cohesion. Sales officially opened on June 11, 2025, presenting a promising opportunity for prospective homeowners in one of the Dubai's most sought-after and integrated communities. California Residences is strategically located in Wadi Al Safa, just minutes away from some of Dubai's most popular landmarks such as the Global Village and IMG Worlds of Adventure. This makes it a perfect convergence point between peaceful family living and vibrant entertainment. The project showcases ideal lifestyle models where apartments, villas, and townhouses harmoniously coexist within an intelligently planned urban design that balances privacy with openness. It offers residents a villa-like experience with added flexibility and ease, within a coherent and well-balanced community that fosters a strong sense of belonging. The development is characterised by its environmentally sustainable nature, surrounded by carefully landscaped gardens and walking paths that serve as a central hub for community interaction and vibrant living. California Residences also includes a wide array of amenities and services such as a fully equipped gym, swimming pools, dedicated meeting and gathering spaces, as well as areas specifically designed for children and family activities. The project offers a diverse range of residential units, including one-, two-, and three-bedroom apartments, thoughtfully designed to meet the needs of families and investors alike. Set within a modern community environment that balances luxury with practicality, California Residences is ideally positioned for both residential living and long-term investment. The project is located in one of Dubai's fastest-growing areas, with completion scheduled for the second quarter of 2028. Commenting on the launch, Mr. Majed Al Khan, Chief Executive Officer of Infracorp, stated: 'California Residences reflects our long-term vision to build communities that prioritise quality of life, sustainability, and social connectivity. We are proud to introduce a project that offers a comprehensive lifestyle within a healthy and green environment that meets the aspirations of future generations. Wadi Al Safa is one of Dubai's most rapidly developing areas.' On her part, Ms. Nada Al Kooheji, Chief Financial Officer of Infracorp, said: 'This project is a strategic investment that combines long-term value with accessibility, presenting a rare opportunity to own a home in an integrated community adjacent to Dubai's top leisure destinations. We are confident that this launch will attract both end users and investors seeking stable returns in a promising location.' About Infracorp: Infracorp B.S.C., is a company specialised in investing in the infrastructure and sustainability development sector, with a capital of USD 1.2 billion. Infracorp manages a portfolio of nearly USD 3 billion in infrastructure assets, including a 250 million square feet land bank in the GCC, North Africa and South Asia, which is earmarked for sustainable economic and social infrastructure. Infracorp's sustainability strategy is designed to generate strong long-term returns for investors through proactive management of ESG risks, and by embracing opportunities for value creation in the sustainable investment ecosystem. The Company focuses on investments in developing communities and investing in logistics and technologies that support sustainability and renewables, as well as social infrastructure assets across the education and healthcare sectors.
Arabian Business
2 days ago
- Business
- Arabian Business
Dubai real estate: Sales of homes worth more than $2.7m increase tenfold in 4 years; top millionaire neighbourhoods revealed
Dubai's prime residential property market has entered its fourth consecutive year of growth, with Savills Middle East reporting sustained increases in both value and volume across the city's most exclusive neighbourhoods. According to the newly released Savills Dubai Prime Residential 2025 report, the number of AED10m+ ($2.7m+) home sales rose from 469 in 2020 to a record-breaking 4,670 in 2024 — a tenfold increase. In Q1 2025 alone, more than 1,300 such properties changed hands, up 31 per cent year-on-year. Premium Dubai real estate sales Andrew Cummings, Head of Residential Agency at Savills Middle East, said: 'Dubai's prime residential market continues to attract high-net-worth individuals seeking space, privacy and superior lifestyle quality. This is particularly evident in the consistent demand for luxury villas and branded residences'. Off-plan sales now account for 69 percent of all AED10m+ ($2.7m+) transactions — an increase from just 14 per cent in 2020. The shift reflects rising confidence in Dubai's future supply of high-end homes and growing buyer interest in lifestyle-focused communities. High-performing developments include: Palm Jebel Ali District One West The Acres Dubai Harbour Palm Jumeirah Downtown Dubai Jumeirah Islands has become a standout villa market, with 89 homes sold for AED10m+ ($2.7m) in 2024 — compared to none before 2021. Properties exceeding AED20m ($5.4m) are also on the rise in the area, spurred by extensive, high-end renovations. Villas now represent 70 per cent of all AED10m+ ($2.7m) transactions in Dubai. While waterfront apartments command a higher price per square foot (averaging AED5,400/$1,470), branded residences and luxury lifestyle offerings remain in high demand across both formats. The city also leads globally in branded residences and is forecast to deliver 40 per cent of all such properties in the Middle East and Africa by 2031, underlining its position as a hub for affluent real estate investment. Savills projects 8–10 per cent growth for the emirate's prime residential segment in 2025, supported by rising wealth migration, new masterplan communities, and continued interest in branded and lifestyle-led developments. 'Recent master plan announcements including the development of Jebel Ali Racecourse and the second phase of Jumeirah Golf Estates, alongside launches such as Emaar's Grand Polo Club and Resort, look set to deliver further prime product to Dubai's residential market,' Cummings said.
Zawya
3 days ago
- Business
- Zawya
Meraas awards $123mln contract for City Walk's new housing project
Meraas, a member of Dubai Holding Real Estate, has awarded a construction contract worth more than 450 million UAE dirhams ($122.53 million) to Naresco Contracting for the main construction works of a high-end residential development called Central Park Plaza. The project is the latest addition to City Walk, a lifestyle destination in Dubai, and is scheduled to be handed over in the third quarter of 2027, the company said in a statement. Tower A and Tower B will have 23 and 20 floors, respectively, offering a mix of 212 apartments and townhouses. The Central Park Plaza is the final addition to Central Park at City Walk and the most premium phase of apartments, the statement said. Residents will have access to a wide range of amenities such as swimming pools and water play areas, a children's play area, a running track, a dog park, tennis and squash courts, an outdoor gym and fitness station, a spa and sauna, yoga and meditation areas, as well as dining outlets and retail stores. In May 2025, Meraas awarded a construction contract valued at AED 300 million for Elara, Phase 7 of the Madinat Jumeirah Living master plan. In the same month, the company awarded a construction contract worth over AED 690 million to local firm Bhatia General Contracting Co. for the fourth phase of the Nad Al Sheba Gardens villa community. This month, the developer launched the Jumeirah Residences Emirates Towers, which will house 754 branded residences. (Writing by P Deol; Editing by Anoop Menon) (
Khaleej Times
3 days ago
- Business
- Khaleej Times
Infracorp unveils Dh600m California Residences in Dubai
Infracorp has announced the sales launch of California Residences, a thoughtfully designed, family-friendly residential community nestled in Wadi Al Safa, Dubai. Offering a blend of modern living and community-focused design, the project officially became available for purchase starting June 11. Strategically located just minutes away from Global Village and directly opposite IMG Worlds of Adventure, California Residences is a master-planned neighbourhood featuring a diverse mix of villas, townhouses, and apartments. This unique offering ensures that different unit types blend and compliment each other in a gated community. The residents of California Residences will have the convenience of staying in an apartment while the luxury and openness of a villa community. The development is built around the principles of green living, offering residents expansive landscaped gardens, a vibrant central park, walking trails, and community spaces that encourage social interaction. With a total project value of Dh600 million, California Residences brings together upscale amenities including a clubhouse with a gym, multiple swimming pools, and dedicated social lounges – making it an ideal setting for families seeking both comfort and community. The project offers units in various configurations: 1-bedroom apartments starting from Dh1 million (approx. 750 sq. ft.) 2-bedroom units from Dh1.6 million (approx. 1,200 sq. ft.) 3-bedroom homes from Dh1.8 million (1,300 & approx. 1800 sq. ft.) With handover expected in Q2 2028, California Residences presents an attractive investment opportunity for both end-users and investors, combining affordability with long-term value in one of Dubai's most promising growth corridors. Majed Abdulla Al Khan, CEO, Infracorp, said: "California Residences reflects our long-term vision of building communities that prioritise quality of life, sustainability, and social connection. Wadi Al Safa is one of Dubai's most promising growth areas, and we're proud to bring a development that offers not just homes, but a holistic lifestyle built around green spaces, wellness, and convenience. This project embodies Infracorp's commitment to creating livable, future ready communities.' Nada Alkoohiji, chief financial officer, Infracorp, added: "With a total project value of Dh600 million, California Residence is a strategic investment that balances accessibility with long-term value. Starting from just Dh1 million, the project offers a rare opportunity to own a home in a well planned community in close proximity to major attractions like Global Village and IMG. We're confident this launch will appeal to both end-users and investors looking for solid returns in a high-demand area."
