Latest news with #realestatedeveloper
The National
2 days ago
- Business
- The National
Aldar generates more than Dh3.5bn in home sales at Fahid Island launch
Aldar Properties generated more than Dh3.5 billion ($953 million) in sales from Fahid Beach Residences and The Beach House, the island's first residential developments released during launch week, amid soaring property demand. The Fahid Island homes attracted a range of buyers. Expatriate residents and overseas purchasers accounted for 67 per cent of total sales, the developer said in a statement on Friday. Buyers from the UAE, Russia, the UK and China made up the top nationalities by sales volume. The company, Abu Dhabi's biggest listed developer, said 42 per cent of buyers were under the age of 45 and 67 per cent of them were first-time Aldar customers. Watch: Abu Dhabi to develop new island with one-bed apartments priced at $1 million Key demand drivers include Fahid Island's position as Abu Dhabi's first coastal wellness destination, its waterfront lifestyle and proximity to Kings College School Wimbledon, which sits within the wider wellness-inspired masterplan. 'The sales serve as a powerful validation of our vision to place wellness at the heart of community living,' Jonathan Emery, chief executive at Aldar Development, said. 'The success reflects Abu Dhabi's position as one of the world's most desirable investment and lifestyle destinations.' A one-bedroom unit at the new development is priced from Dh3.5 million. The massive project, which has a gross development value of Dh40 billion, will be built in phases. The first residential development – Fahid Beach Residences, with seven buildings – is expected to be complete by 2029. Spread across 2.7 million square metres, with an 11km coastline, Fahid Island is being built between Yas Island and Saadiyat Island. It will have amenities including running tracks and cycling routes, with 30 per cent of the area dedicated to natural spaces. Residential property sale prices in Abu Dhabi rose by 11 per cent annually last year amid higher demand and a supply shortage, according to a March report by real estate company Cushman & Wakefield Core. Aldar launches Fahid Island – in pictures The Abu Dhabi Real Estate Centre reported that total transaction value in the emirate grew by 34.5 per cent to Dh25.3 billion across 6,896 deals in the first quarter of 2025, compared with Dh18.8 billion from 5,773 transactions in the same period of 2024. Off-plan sales in April across the UAE capital were up 75 per cent month-on-month at Dh804 million, driven by an increase in activity on Saadiyat Island and Al Jubail Island, EFG Hermes said in May. Aldar Properties accounted for the largest off-plan market share, contributing 70 per cent of activity in April. The announcement of a Disneyland Abu Dhabi theme park on Yas Island has further supported the property market. In response to the 'overwhelming demand' for Fahid Beach Residences, Aldar accelerated the launch of Fahid Island's second residential offering, The Beach House. The new development comprises 11 towers including studios and three-bedroom apartments. It offers views of the sea and Abu Dhabi skyline, shoreline access and connectivity to Coral Drive, the island's boutique retail boulevard. Aldar said on Friday it has planned further residential launches for Fahid Island. The island's waterfront promenade will have a combination of retail, dining and art experiences. Coral Drive will have outlets, concept stores, art galleries, a ballet school, cafes and public artworks. Kite surfing, paddle boarding, illuminated night swimming, and volleyball will also available to residents of the island.
Bloomberg
4 days ago
- Business
- Bloomberg
India's Top Developer Newest $1.3 Billion Luxury Project Sells Out in One Week
Follow Bloomberg India on WhatsApp for exclusive content and analysis on what billionaires, businesses and markets are doing. Sign up here. India's biggest real estate developer sold luxury residences worth about 110 billion rupees ($1.3 billion) at a new highrise project near capital New Delhi, as demand for lavish homes shows no sign of abating.
Zawya
5 days ago
- Business
- Zawya
Alef launches Hamsa 3 final residential phase of Al Mamsha Raseel in Sharjah
SHARJAH - Alef, the leading real estate developer in the Emirate of Sharjah, has launched Hamsa 3, the final residential phase of Al Mamsha Raseel within its flagship mixed-use development. Hamsa 3 is part of the Al Mamsha Raseel master plan, spanning over 48,000 sqm, with more than 65% dedicated to green open spaces. This reflects Alef's commitment to sustainable urban living and supports UAE Vision 2031, the Green Agenda 2030, and Net Zero 2050. Alef Company stated that Hamsa 3 represents the natural evolution of our residential offering, delivering a sophisticated urban lifestyle with unparalleled access to education, healthcare and retail facilities. This launch stands as a testament to our resolute commitment to delivering premium developments that surpass the expectations of today's discerning residents and investors in Sharjah. Hamsa 3 comprises 131 contemporary apartments, offering prospective investors a choice of one, two and three-bedroom homes. The development prioritises resident comfort and convenience through carefully planned amenities. These include covered pedestrian walkways providing shade and protection, tranquil water features creating a serene atmosphere, state-of-the-art security systems and energy-efficient lighting throughout the community.
Zawya
6 days ago
- Business
- Zawya
Alef launches Hamsa 3, the final residential phase of Al Mamsha Raseel
Sharjah, UAE – Alef, the leading real estate developer in the Emirate of Sharjah, has launched Hamsa 3, the final residential phase of Al Mamsha Raseel within its flagship mixed-use development. Hamsa 3 is part of the Al Mamsha Raseel master plan, spanning over 48,000 sqm, with more than 65% dedicated to green open spaces. This reflects Alef's commitment to sustainable urban living and supports UAE Vision 2031, the Green Agenda 2030, and Net Zero 2050. Alef Company stated that Hamsa 3 represents the natural evolution of our residential offering, delivering a sophisticated urban lifestyle with unparalleled access to education, healthcare and retail facilities. This launch stands as a testament to our resolute commitment to delivering premium developments that surpass the expectations of today's discerning residents and investors in Sharjah. Hamsa 3 comprises 131 contemporary apartments, offering prospective investors a choice of one, two and three-bedroom homes. Each apartment features smart home automation, 3.2-metre-high ceilings and premium finishes, with residents enjoying access to exclusive swimming pools and beautifully landscaped communal areas. Hamsa 3 boasts an enviable location, positioned just five minutes from Sharjah International Airport, Sharjah Schools Complex and University Hospital Sharjah. The University City of Sharjah lies merely four minutes away, whilst major shopping destinations such as Zahia City Centre and 06 Mall are easily accessible. The development also benefits from proximity to the Sharjah Research, Technology and Innovation Park, positioning residents at the heart of the emirate's business and innovation ecosystem. The development prioritises resident comfort and convenience through carefully planned amenities. These include covered pedestrian walkways providing shade and protection, tranquil water features creating a serene atmosphere, state-of-the-art security systems and energy-efficient lighting throughout the community. Comprehensive parking facilities span two basement levels, providing spaces for over 2,200 vehicles. Hamsa 3 embodies this vision, combining cutting-edge technology, thoughtful design and community-centred amenities to create a distinctive living experience in Sharjah's most progressive neighbourhood. About Alef Alef Company, founded by the late visionary Sheikh Khalid Bin Sultan Al Qasimi in 2013, stands today as a testament to his pioneering spirit in the realm of lifestyle experience provision. Operating from its central hub in Sharjah, UAE, this privately-owned entity has carved a niche for itself as a trailblazer in the creation of premier lifestyle communities, destinations, and experiences. The group's strategy hinges on insightful investment choices and the cultivation of strategic joint ventures, paving the way for innovation and excellence in the sector. With a commanding presence reflected in a robust AED 12 billion asset base and extensive land bank, Alef Group's premium developments are at the forefront, driving progress in both business and leisure initiatives. These developments are complemented by the group's dedication to building high caliber residential communities that set industry benchmarks. For a comprehensive overview of Alef Group's endeavors and to stay abreast of their latest developments, please visit our website at You are also encouraged to engage with us on our social media platforms, where we continuously share insights into our projects and community engagements: find us on LinkedIn (@AlefGroup), follow our Instagram feed (@AlefGroup), and subscribe to our YouTube channel (@AlefGroupLLC). If you would like to speak with us directly, please don't hesitate to call our toll-free number at 800-253-323.
Al Bawaba
6 days ago
- Business
- Al Bawaba
Alef' Launches Hamsa 3 the Final Residential Phase of 'Al Mamsha Raseel
Alef, the leading real estate developer in the Emirate of Sharjah, has launched Hamsa 3, the final residential phase of Al Mamsha Raseel within its flagship mixed-use development. Hamsa 3 is part of the Al Mamsha Raseel master plan, spanning over 48,000 sqm, with more than 65% dedicated to green open spaces. This reflects Alef's commitment to sustainable urban living and supports UAE Vision 2031, the Green Agenda 2030, and Net Zero 2050. Alef Company stated that Hamsa 3 represents the natural evolution of our residential offering, delivering a sophisticated urban lifestyle with unparalleled access to education, healthcare and retail facilities. This launch stands as a testament to our resolute commitment to delivering premium developments that surpass the expectations of today's discerning residents and investors in Sharjah. Hamsa 3 comprises 131 contemporary apartments, offering prospective investors a choice of one, two and three-bedroom homes. Each apartment features smart home automation, 3.2-metre-high ceilings and premium finishes, with residents enjoying access to exclusive swimming pools and beautifully landscaped communal areas. Hamsa 3 boasts an enviable location, positioned just five minutes from Sharjah International Airport, Sharjah Schools Complex and University Hospital Sharjah. The University City of Sharjah lies merely four minutes away, whilst major shopping destinations such as Zahia City Centre and 06 Mall are easily accessible. The development also benefits from proximity to the Sharjah Research, Technology and Innovation Park, positioning residents at the heart of the emirate's business and innovation ecosystem. The development prioritises resident comfort and convenience through carefully planned amenities. These include covered pedestrian walkways providing shade and protection, tranquil water features creating a serene atmosphere, state-of-the-art security systems and energy-efficient lighting throughout the community. Comprehensive parking facilities span two basement levels, providing spaces for over 2,200 vehicles. Hamsa 3 embodies this vision, combining cutting-edge technology, thoughtful design and community-centred amenities to create a distinctive living experience in Sharjah's most progressive neighbourhood.
