Abu Dhabi has announced the opening of the Al Samha Housing Project, a AED738 million ($201 million) development spanning 50 hectares featuring a total of 242 villas in addition to 33 parks and green spaces and two commercial complexes housing 38 retail outlets as well as a 3km cycling track.
Qatar has issued a decision updating planning and architectural requirements for residential villas and palaces, introducing over 20 amendments aimed at providing homeowners with greater flexibility in residential development. It is aimed at improving the use of residential plots and accommodating the needs of its citizens.
Aldar, a leading developer, has announced the sell-out of Al Ghadeer Gardens, a community of 437 townhouses and villas within the growth corridor between Abu Dhabi and Dubai, generating more than AED1 billion ($272.3 million) in sales.
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.
