Nakheel, a member of Dubai Holding Real Estate, has awarded contracts worth over AED3.5 billion ($953 million) to Ginco General Contracting and United Engineering Construction (UNEC) for the construction of 544 villas on Palm Jebel Ali, marking a key milestone in the delivery of one of Dubai’s most significant waterfront developments.
Dubai’s residential market is unlikely to move uniformly in the months ahead, with price softening expected across the board but with significant variation by property type and community, says an expert.
Dubai’s residential market is unlikely to move uniformly in the months ahead, with price softening expected across the board but with significant variation by property type and community, says an expert.
Dubai South Properties has awarded AED2 billion ($544 million) contract to Mohammed Abdulmohsin Al Kharafi & Sons for the development of multiple phases of Hayat by Dubai South. A luxury master-planned community, it will feature 2,500 residential units including townhouses, villas as well as mansions.
ORA Developers has broken ground on its flagship 4.8-million-sq-m coastal community, Bayn, at Ghantoot region strategically located between Dubai and Abu Dhabi. A total of 805 villas and townhouses will be built within the first phase.
Sobha Realty has unveiled its largest master-planned development in Dubai as it marks its 50th anniversary. Spanning 37.5 million sq ft, Sobha Sanctuary is a distinguished lifestyle destination rooted in nature and built for the future featuring 20,000 residential units with a mix of apartments and villas.
Sanzen Real Estate Development has announced the complete sell-out of all 240 villas in Phase One of its AED2.36 billion ($642 million) integrated residential project Sukoon located in Al Tay area near the Sharjah-Dubai border. On completion, it will boast 859 villas along with key amenities.
Ohana Development, a leading real estate developer renowned for its luxury properties, has announced the commencement of delivery at Ohana by the Sea, its AED700-million ($190.61 million) fully customised villa community located in Al Jurf, along the Abu Dhabi - Dubai coastline.
