Latest news with #EllingtonProperties
Zawya
3 days ago
- Business
- Zawya
Ellington Properties advances digital innovation in real estate, supports Dubai's property tokenization initiative
Fractional ownership starts from AED 2,000, backed by official certification and powered by blockchain technology The unit sold out within one minute of launch, reflecting strong market appetite for fractional ownership This collaboration aligns with national efforts to redefine property ownership models and expand opportunities for a new generation of tech-savvy investors Dubai, UAE – Ellington Properties, Dubai's leading design-led real estate developer, has announced its support for the emirate's second tokenized property initiative, reinforcing its commitment to innovative real estate solutions. As part of this milestone project, Ellington has contributed a residential unit at Kensington Waters, a premium development located in Mohammed Bin Rashid City, enabling fractional ownership through secure, blockchain-based digital tokenization. The initiative marks a significant step forward in democratizing real estate investment. With investment entry points starting from AED 2,000, tokenized shares of the unit at the Kensington Waters offer broader, more inclusive access to Dubai's thriving property market. Moreover, each share is backed by official certification and powered by blockchain technology, ensuring transparency and security. Joseph Thomas, Co-Founder of Ellington Properties, said: Supporting this transformative national initiative reflects our commitment to innovation and to making design-led real estate more accessible. We believe real estate tokenization is a major leap forward in reshaping how people interact with and invest in property, and we are proud to be among the first developers in Dubai to embrace it.' This collaboration not only reinforces Ellington's forward-thinking approach but also supports Dubai's broader vision of solidifying its position as a leading hub for the world's most thriving digital economy. By supporting the integration of blockchain technology with real estate, Ellington Properties aims to redefine property ownership models and expand opportunities for a new generation of tech-savvy investors. The selected property, Kensington Waters, exemplifies Ellington's commitment to thoughtful design and modern living. Recently handed over, the development is inspired by the natural elements of water, echoing wellness, health, and happiness, offering a haven of beauty in the heart of Mohammed Bin Rashid City. About Ellington Properties Ellington Properties is Dubai's leading design-led real estate developer, dedicated to crafting beautiful properties and communities for high-quality lifestyles. Renowned for its customer-centric approach, Ellington Properties develops residences characterized by incredible artistry and impeccable architecture. The company's diverse portfolio includes communities across Dubai, such as Downtown Dubai, Business Bay, Dubai Hills, Palm Jumeirah, Mohammed Bin Rashid City (MBR City), and Dubai Islands, among others, as well as in Ras Al Khaimah, including Al Marjan Islands and Hayat Island. Ellington Properties combines thoughtful design, art, and lifestyle curation to create sanctuaries of personalized living experiences. For more information, visit For all media inquiries contact: Kashish Punjabi | Amjad Mkayed Ruder Finn Atteline Email: ellington@
Mid East Info
3 days ago
- Business
- Mid East Info
Ellington Properties advances digital innovation in real estate, supports Dubai's property tokenization initiative
A residential unit at Kensington Waters selected as Dubai's second tokenized property, supporting broader access to real estate investment Fractional ownership starts from AED 2,000, backed by official certification and powered by blockchain technology The u nit sold out within one minute of launch, reflecting strong market appetite for fractional ownership This collaboration aligns with national efforts to redefine property ownership models and expand opportunities for a new generation of tech-savvy investors Dubai, UAE – June 18, 2025 – Ellington Properties, Dubai's leading design-led real estate developer, has announced its support for the emirate's second tokenized property initiative, reinforcing its commitment to innovative real estate solutions. As part of this milestone project, Ellington has contributed a residential unit at Kensington Waters, a premium development located in Mohammed Bin Rashid City, enabling fractional ownership through secure, blockchain-based digital tokenization. The initiative marks a significant step forward in democratizing real estate investment. With investment entry points starting from AED 2,000, tokenized shares of the unit at the Kensington Waters offer broader, more inclusive access to Dubai's thriving property market. Moreover, each share is backed by official certification and powered by blockchain technology, ensuring transparency and security. Joseph Thomas, Co-Founder of Ellington Properties, said: Supporting this transformative national initiative reflects our commitment to innovation and to making design-led real estate more accessible. We believe real estate tokenization is a major leap forward in reshaping how people interact with and invest in property, and we are proud to be among the first developers in Dubai to embrace it.' This collaboration not only reinforces Ellington's forward-thinking approach but also supports Dubai's broader vision of solidifying its position as a leading hub for the world's most thriving digital economy. By supporting the integration of blockchain technology with real estate, Ellington Properties aims to redefine property ownership models and expand opportunities for a new generation of tech-savvy investors. The selected property, Kensington Waters, exemplifies Ellington's commitment to thoughtful design and modern living. Recently handed over, the development is inspired by the natural elements of water, echoing wellness, health, and happiness, offering a haven of beauty in the heart of Mohammed Bin Rashid City. About Ellington Properties Ellington Properties is Dubai's leading design-led real estate developer, dedicated to crafting beautiful properties and communities for high-quality lifestyles. Renowned for its customer-centric approach, Ellington Properties develops residences characterized by incredible artistry and impeccable architecture. The company's diverse portfolio includes communities across Dubai, such as Downtown Dubai, Business Bay, Dubai Hills, Palm Jumeirah, Mohammed Bin Rashid City (MBR City), and Dubai Islands, among others, as well as in Ras Al Khaimah, including Al Marjan Islands and Hayat Island. Ellington Properties combines thoughtful design, art, and lifestyle curation to create sanctuaries of personalized living experiences. For more information, visit For all media inquiries contact: Kashish Punjabi | Amjad Mkayed Ruder Finn Atteline Phone: +971 56 708 4094 | +971 50 235 1814 Email: ellington@
Trade Arabia
26-05-2025
- Business
- Trade Arabia
DMCC, Ellington Properties break ground on Mercer House
DMCC, the leading international business district that drives the flow of global trade through Dubai, and Ellington Properties, Dubai's design-led boutique developer, have broken ground on Mercer House, an iconic upscale residential development anchoring Uptown Dubai's status as a global lifestyle destination. The mixed-use development will comprise two elegant towers rising 34 and 41 storeys, featuring a range of premium property types designed to suit diverse lifestyles, including studios, one-, two- and three-bedroom apartments as well as luxurious penthouses, said DMCC in a statement. Mercer House will offer a unique blend of lifestyle, wellness and community living, featuring premium retail and F&B outlets, as well as an exclusive urban beach club with natural sand, delivering a truly elevated residential experience in one of Dubai's most strategically positioned districts. Residents will enjoy access to a wide array of amenities, including a grand lobby, multi-sports facility, family pool, kids' play area, games room, fitness studio, scenic sauna, ice room, and an exclusive clubhouse, all designed to foster wellbeing, recreation, and community interaction, it stated. Ahmed Bin Sulayem, Executive Chairman and Chief Executive Officer, DMCC, said: "This groundbreaking marks a major milestone in our vision to transform Uptown Dubai into a world-class lifestyle destination." "Rising across two towers of 34 and 41 residential floors, Mercer House will feature a diverse range of residences – from stylish studios and one- to three-bedroom apartments to expansive penthouses – alongside standout and unique amenities including an urban beach club, premium retail, and wellness spaces designed for vibrant and healthy community living," he stated. "As development accelerates, Uptown Dubai is setting the benchmark for integrated city living, connecting residents, businesses, and visitors through world-class infrastructure and a vibrant community environment," he added. Joseph Thomas, Co-Founder and Managing Director of Ellington Properties, said: "At Ellington, we design more than buildings – we create spaces that elevate everyday living through thoughtful design and community-centric experiences." "Mercer House represents our boldest vision yet: a landmark that reflects the evolving aspirations of modern residents in one of Dubai's most dynamic districts. Through our collaboration with DMCC, we are not just building homes – we're helping shape a lifestyle destination defined by quality, wellbeing, and connection," he added. Mercer House is located at the heart of the Uptown Dubai masterplan and will play a key role in reinforcing its reputation as a global business and lifestyle destination. Developed by Ellington Properties in collaboration with DMCC, the project combines its strategic vision for urban development with Ellington's signature approach to design-led, lifestyle-focused living. The development aligns with DMCC's strategic mission to attract leading international businesses and top talent to Dubai not only through world-class commercial infrastructure, but also by creating exceptional residential environments designed for modern, connected living, it added. The groundbreaking of Mercer House marks a key milestone in the transformation of Uptown Dubai into a benchmark for integrated city living, bringing together world-class infrastructure, vibrant community spaces, and modern residential offerings.
Al Bawaba
26-05-2025
- Business
- Al Bawaba
DMCC And Ellington Properties Break Ground On Award-winning Mercer House In Uptown Dubai
DMCC, the leading international business district that drives the flow of global trade through Dubai, and Ellington Properties, Dubai's award-winning design-led boutique developer, have broken ground on Mercer House, an iconic upscale residential development anchoring Uptown Dubai's status as a global lifestyle destination. The mixed-use development will comprise two elegant towers rising 34 and 41 storeys, featuring a range of premium property types designed to suit diverse lifestyles, including studios, one-, two- and three-bedroom apartments as well as luxurious penthouses. Mercer House will offer a unique blend of lifestyle, wellness and community living, featuring premium retail and F&B outlets, as well as an exclusive urban beach club with natural sand, delivering a truly elevated residential experience in one of Dubai's most strategically positioned districts. Residents will enjoy access to a wide array of amenities, including a grand lobby, multi-sports facility, family pool, kids' play area, games room, fitness studio, scenic sauna, ice room, and an exclusive clubhouse, all designed to foster wellbeing, recreation, and community interaction. Ahmed Bin Sulayem, Executive Chairman and Chief Executive Officer, DMCC, said: 'This groundbreaking marks a major milestone in our vision to transform Uptown Dubai into a world-class lifestyle destination. Rising across two towers of 34 and 41 residential floors, Mercer House will feature a diverse range of residences – from stylish studios and one- to three-bedroom apartments to expansive penthouses – alongside standout and unique amenities including an urban beach club, premium retail, and wellness spaces designed for vibrant and healthy community living. As development accelerates, Uptown Dubai is setting the benchmark for integrated city living, connecting residents, businesses, and visitors through world-class infrastructure and a vibrant community environment.' Joseph Thomas, Co-Founder and Managing Director of Ellington Properties, added: 'At Ellington, we design more than buildings – we create spaces that elevate everyday living through thoughtful design and community-centric experiences. Mercer House represents our boldest vision yet: a landmark that reflects the evolving aspirations of modern residents in one of Dubai's most dynamic districts. Through our collaboration with DMCC, we are not just building homes – we're helping shape a lifestyle destination defined by quality, wellbeing, and connection.' Mercer House is located at the heart of the Uptown Dubai masterplan and will play a key role in reinforcing its reputation as a global business and lifestyle destination. Developed by Ellington Properties in collaboration with DMCC, the project combines DMCC's strategic vision for urban development with Ellington's signature approach to design-led, lifestyle-focused living. The development aligns with DMCC's strategic mission to attract leading international businesses and top talent to Dubai not only through world-class commercial infrastructure, but also by creating exceptional residential environments designed for modern, connected living. The groundbreaking of Mercer House marks a key milestone in the transformation of Uptown Dubai into a benchmark for integrated city living, bringing together world-class infrastructure, vibrant community spaces, and modern residential offerings. Mercer House was recently honoured at the International Property Awards, earning top recognition in the Mixed-Use Development category and reinforcing its excellence in design and innovation.
ME Construction
14-02-2025
- Business
- ME Construction
Nantong Construction Group appointed to build Porto Playa project
Construction Nantong Construction Group appointed to build Porto Playa project By Porto Playa will offer mix of studios, apartments, townhouses, and villas, all optimised using advanced AI technology Ellington Properties and RAK Properties have announced the appointment of Nantong Construction Group as the main contractor for Porto Playa, a US $84.32mn waterfront development on Hayat Island. Scheduled for completion in Q4 2026, the project will set a new benchmark for quality and innovation in coastal living. With a focus on quality in construction with its expertise in delivering large-scale developments, Nantong Construction Group will leverage a variety of construction techniques and engineering standards to ensure Porto Playa is built to the highest quality, said a statement. Sameh Al Muhtadi, CEO of RAK Properties stated, 'Hayat Island, a key component of our recently unveiled Mina masterplan, represents the future of waterfront living in Ras Al Khaimah. By partnering with Nantong Construction Group, a global leader in construction, and Ellington Properties, renowned for design excellence, Porto Playa will stand as a testament to what collaboration can achieve.' 'This development embodies precision, innovation, and a resident-centric approach, setting new standards in the real estate landscape of the emirate. We are seeing strong demand within Mina, which is at the forefront of our growth and transformation agenda, and with Porto Playa we look forward to continuing our success in delivering homes on, or ahead of, schedule,' Muhtadi added. Joseph Thomas, Co-Founder of Ellington Properties added, 'Porto Playa is not just another development—it's a statement of excellence and innovation. The appointment of Nantong Construction Group reflects our commitment to delivering superior quality and meticulous craftsmanship. Their expertise ensures that Porto Playa will not only meet but exceed expectations, becoming a landmark that transforms Hayat Island into a premier destination.' Porto Playa will offer a curated mix of studios, apartments, townhouses, and villas, all optimised using advanced AI technology to provide views of the Arabian Gulf and island landscapes.
