Umm Ziyaad

UAE Developers flock to Ras Al Khaimah to cash in on high demand

Dubai Emaar Hospitality Abu Dhabi National Hotels

Dubai-based Pantheon Development is the latest developer to launch its Dh1-billion mixed-use project, the One Central, in RAK

Developers in the UAE as well as foreign ones are flocking to Ras Al Khaimah’s Al Marjan Island and RAK Central areas to cash in on unprecedented demand in the northern emirate.

The launches of new projects and demand began to spike following the announcement of the first integrated gaming resort, Wynn Al Marjan, in the Middle East in January 2022, and this trend continues to this day.

From Abu Dhabi-based Aldar Properties to Dubai-based Pantheon Development to Ras Al Khaimah-headquartered RAK Properties, developers are making the most of the opportunities, as the northern emirate is also seeing an influx of high-net-worth individuals.

Being termed as Palm of Ras Al Khaimah, developers have pumped billions of dirhams in residential and hospitality projects into Al Marjan Island. Following successfully sold out, master developer Al Marjan has launched RAK Central to meet growing demand.

To meet growing demand, RAK Properties launched Raha Island in Mina Al Arab which is connected by a dedicated water transit system. The project will comprise high-end hotels, branded residences, marinas, beach clubs, a 2.5-kilometre public beachfront and a variety of retail and leisure facilities.

The Dubai-based Pantheon Development has announced the launch of its latest Dh1-billion mixed-use project, the One Central which is located in the heart of booming Ras Al Khaimah.

“RAK Central is poised to become a vibrant financial district, and One Central is at the forefront of this transformation. Our vision in RAK Central Masterplan is more than just a real estate endeavour – it is a pivotal step towards building a sustainable, innovative, and economically robust community that will benefit residents, businesses, and the broader northern emirates region for years to come,” said Kalpesh Kinariwala, founder of Pantheon Development.

“We are aiming to create communities that not only meet the needs of modern living but also enhance the quality of life for our residents through innovative design and sustainable practices,” added Kinariwala.

Residents of RAK Central will have over 25 luxurious amenities, including an infinity rooftop pool, sky lounge, jogging track, cinema, and a dedicated dog park.

Spanning an impressive 450,000 sqft, this latest development will feature 312 residential apartments, a Grade A office building, and hotel apartments surrounded by stunning sea views of the golf course, the new Wynn resort, and world-class amenities.

Residents will have access to leisure options including Al Hamra Village, Al Hamra Golf Club, and the Wynn Resort, along with unobstructed views of the golf course, the sea, and expansive natural landscapes. Additionally, it is positioned within RAK Central, one of the UAE’s fastest-growing regions for tourism, leisure, and real estate, making it a prime location for future growth.

Al Hamra announced the launch of Al Hamra Waterfront, a residential project comprising 622 apartments to be constructed across five 18-floor buildings and 19 townhouses. The project includes a promenade, coworking space, entertainment room, swimming pools, jogging track, padel tennis courts, gym, parks, kids play area, BBQ area, a pet park and grooming area.

Aark Developers unveiled Sora Beach Residences on Al Marjan Island, an 18-storey development with a built-up area measuring 1.8 million sqft.

Almal Real Estate Development launched The Unexpected Al Marjan Island Hotel and Residences, comprising 422 hotel and residential units set for completion in the second half of 2026.

Octa Properties and fashion and lifestyle brand Elie Saab launched La Mer by Elie Saab on Al Marjan Island in Ras Al Khaimah, which will be developed by Arte Developments. The three-tower branded residence offers some unique amenities such as Serene Park on level 1, Link Garden on levels 2 and 3, sky gym, sky co-working space and many other amenities.

Rents and prices
On the back of a rising population and growing demand, rents and prices in Ras Al Khaimah have increased multiple times in the post-pandemic period as the northern emirate is witnessing an influx of high net-worth individuals from across the globe.

According to real estate consultancy Asteco, rents of typical properties increased seven per cent quarter-on-quarter and 17 per cent year-on-year in the second quarter of 2024. High-end properties – mainly located in Al Hamra, Mina A Arab and Al Marjan areas – have seen rents increase by six per cent quarter-on-quarter and 22 per cent year-on-year.

Prices per square foot of typical units have increased between three per cent to six per cent quarter-on-quarter and 11 to 21 per cent year-on-year by the second quarter of 2024.

Mina Al Arab is the most expensive place to buy properties where rates have reached Dh1,500 per square foot, Asteco data showed.

Industry executives say that Ras Al Khaimah’s real estate could see per-square-foot prices jumping three times in the coming few years due to high demand. Similarly, rents could also see a big spike as the northern emirate is aiming for over three million tourists by 2030.

If you are searching for residential properties to buy either offplan or ready Properties we will give you options to suit your budget.

Contact Us for more information , to book a unit or consultation session on WhatsApp +971 55 134 8912

Reblogged via khaleejtimes.com

Why millionaires in Dubai are now demanding sustainable communities

‘Luxury homes are not enough’

The notion of luxury in real estate is undergoing a profound transformation. No longer satisfied with opulent mansions or exclusive penthouses, high-net-worth individuals (HNWIs) are shifting their focus toward sustainable communities that offer an enriched lifestyle while addressing global environmental concerns.

Recent surveys, such as Knight Frank’s Wealth Report, show that the majority of HNWIs consider environmental and sustainability factors crucial when purchasing property. Luxury real estate firms like Sotheby’s International Realty and Christie’s International Real Estate have reported a significant uptick in inquiries for properties within sustainable communities, signalling a clear preference shift. Additionally, the rise in investment in sustainable real estate funds by HNWIs, as highlighted in the Global Sustainable Investment Review, underscores the growing demand for developments that blend luxury with eco-conscious living.

This evolution marks a departure from the traditional trappings of wealth and points towards a future where luxury is defined not just by indulgence but by thoughtful living and responsible stewardship of the planet.

HNWIs have always been trendsetters, and their latest demand is reshaping the luxury real estate market. Their preference for sustainable communities over conventional luxury properties reflects a growing awareness of how individual choices impact the environment. This demographic is acutely aware of the pressing issues of climate change, resource scarcity, and social responsibility. The appetite for homes that not only offer comfort and exclusivity but also align with these values is growing. Developers and investors who fail to recognise this shift risk being left behind in an industry increasingly guided by ethics and long-term vision.

Developments like Al Barari in Dubai are a prime example of this paradigm shift. This community integrates high-end living with green spaces, renewable energy, and a holistic approach to health and well-being. It offers more than just lavish amenities, providing a framework for a lifestyle that promotes balance and harmony with nature. Such projects resonate deeply with HNWIs, who are looking beyond personal gain to leave a legacy that fosters sustainability and community.

There is a broader implication to this movement. When HNWIs invest in sustainable communities, they send a powerful message to the market and the world. This demand catalyses change, prompting developers to innovate and governments to implement policies that encourage sustainable urban development. It creates a ripple effect, influencing middle-market properties and driving a more significant societal shift towards eco-conscious living.

Moreover, the shift towards sustainable communities aligns with a desire for long-term investment security. Properties built on the principles of sustainability and resilience are likely to retain and even increase their value as environmental regulations tighten and consumer preferences evolve. They represent a hedge against future risks, such as rising energy costs and the economic impacts of climate change. In contrast, luxury properties that lack sustainability features may become less desirable and potentially suffer in market value.

Beyond environmental considerations, sustainable communities offer something increasingly coveted — quality of life. HNWIs are placing a premium on health and well-being, seeking environments that provide clean air, open spaces, and opportunities for social interaction. Sustainable communities offer amenities like organic farms, wellness centres, and nature trails, which contribute to a holistic living experience. This focus on well-being is a marked departure from the isolated luxury often associated with gated mansions and high-rise penthouses.

Furthermore, the drive towards sustainable communities reflects a broader commitment to social responsibility. Many HNWIs are actively involved in philanthropy and impact investing, looking to make a difference in the world. Investing in sustainable real estate aligns with their desire to support initiatives that contribute to the greater good. Such investments are not merely transactions but statements of intent to build a future where prosperity does not come at the expense of the planet or society.

The rise of sustainable communities presents both a challenge and an opportunity for developers and investors. Meeting the demands of HNWIs requires rethinking traditional development models. It’s no longer sufficient to offer a luxury property adorned with the latest gadgets. The focus must shift to creating living environments that are smart, eco-friendly, and resilient. This involves incorporating renewable energy sources, green building materials, and designs that foster community interaction while minimising environmental impact.

If you are searching for residential properties to buy either offplan or ready Properties we will give you options to suit your budget.

Contact Us for more information or to book your consultation on WhatsApp +971 55 134 8912

Americans Are Fueling The Short-Term Rental Demands In Dubai

For the first time in ten years, US citizens are among the top five source markets identified by real estate management consultancies, which are seeing an increase in American demand for short-term rentals in the United Arab Emirates.

A report on short-term rentals claims that the historic first visit of a UAE president to Washington, DC, has bolstered UAE-US ties and is the reason for this surge. The Q3 AirDxb Dubai Short-Let Market report emphasizes this trend.

“Given that Americans already represent the second-largest nationality of guests at AirDXB properties with 12 per cent in Q3 2024, we anticipate a substantial increase in demand for short-term rentals in Dubai,” stated the report.

It added: “This represents a great example of where short-lets fit with corporate travel as well as holiday makers. The growing collaboration between Nasa, the UAE Space Agency, and the Mohammed bin Rashid Space Center is also contributing to this demand. This trend is especially beneficial for short-let properties in the Meydan and District One areas.”

Tourists favor lifestyle-driven communities
Known as one of the best places to travel in the Middle East, the United Arab Emirates enthralls tourists with its breathtaking cities, vast deserts, and gorgeous beaches.

Short-term renters, especially families, prefer lifestyle-driven communities with lively amenities and good connectivity, according to experts.

While investors see this as an opportunity to select properties with strong potential for high returns, consumers are more concerned with finding unique experiences offered by diverse hosts.

Vinayak Mahtani, CEO of bnbme Holiday Homes, said: “For the first time in 10 years, we are seeing the US residents in our top five source markets; they have taken a place from China. It has to do with the efforts of Dubai Tourism who have actively been targeting the US consumer base with social media and marketing. Dubai is an aspirational brand in the US and many people are excited or inquisitive to visit Dubai.”

He added, “We are seeing both corporate and leisure guests travelling from North America; Emirates, with all its North American destinations, has helped as well.”

Easy access to city’s attractions
In addition to the rise in demand, some locations are also gaining recognition for the short-term rental options they provide.

Areas like Business Bay, Arjan, Jumeirah Village Circle, Downtown Dubai, Palm Jumeirah, and DAMAC Hills are especially well-liked, according to Anthony Joseph Abou Jaoude, Founder and CEO of Primestay, a vacation home rental company in Dubai.

These energetic areas provide a unique experience and convenient access to the city’s attractions, combining top-notch facilities with hip neighborhoods.

He said: “In recent years, Dubai has become a luxury travel destination, with visitors willing to pay more for high-end accommodations. A significant trend is that families and groups prefer larger holiday homes over multiple hotel rooms, driving up the demand for vacation villas and spacious apartments for short-term rentals.”

Joude added, “In early 2023 up to so far in 2024, Dubai’s rising demand for short-term rentals presents landlords with lucrative opportunities for high occupancy rates and attractive rental yields. Dubai’s vibrant tourism scene ensures strong demand for short-term rentals, offering landlords and investors a steady and profitable income stream.”

Re-blogged via propertynews.ae

Why Business Bay Is An Excellent Community To Buy An Investment Property

As its name suggests, Business Bay is a global business hub with various commercial buildings. The district’s dynamic ambiance attracts a large population of young professionals. Its strategic location near Downtown Dubai, Sheikh Zayed Road, and DIFC enhances its allure.

Moreover, leading hotels, such as Taj Dubai, Anantara Downtown Hotel, and JW Marriott Marquis Dubai, have established a strong presence in the neighborhood. The community is also an ideal place to live, with various residential options. The luxury apartments in Business Bay offer residents a sophisticated and upscale living experience.

Business Bay Dubai is a vibrant area spread along the glittering waters of the Dubai Canal. It’s a modern landscape comprising commercial, residential, and recreational spaces. The district’s highlight is its skyscrapers, contributing to the city’s iconic skyline.

A globally recognized destination, Business Bay is home to international and local businesses, iconic architectural structures, and acclaimed hotels. The community provides many amenities to residents as well. You can find a diverse range of leisure facilities and dining options. Moreover, it features modern gyms, wellness centers, and scenic jogging tracks. Business Bay area is well connected to the public transport and road networks.

Dubai Business Bay area is experiencing continuous development, with new names adding to the list of attractions in the dynamic and evolving community. Living in Business Bay is an extraordinary experience that combines the convenience of urban living with a touch of luxury.

Your investment will be well worth it with almost guaranteed returns on your investment due to high demand in rentals in the area.

Dubai’s Binghatti announces 5bn AED skyrise project in Business Bay

Binghatti Skyrise is set to become a new landmark in Dubai’s luxury real estate market

Dubai-based property developer Binghatti announced the launch of ‘Binghatti Skyrise’, describing it as the newest icon in the heart of the Business Bay area of Dubai.

The project, expected to further strengthen Dubai’s position as the luxury real estate hub, is strategically located to meet the increasing demand for luxury residential units near Burj Khalifa and the Dubai Water Canal.

The launch also comes as part of the developer’s move to double its project portfolio to over AED 100 billion in the next 18 months.

The project, which the company described as an architectural masterpiece, features 3,333 residential units, with its design concept drawing inspiration from the seamless fusion of diverse elements.

Chairman Muhammad BinGhatti, said the latest project represents a new step towards enhancing excellence in delivering unique residential experiences.

“We always strive to exceed expectations and innovate living spaces that combine luxury and innovation, embodying our vision to make a significant impact on Dubai’s real estate market,” he said.

“It will also double our real estate portfolio to AED 100 billion within the next 18 months,” he added.

Residents of Binghatti Skyrise can enjoy a range of over 15 high-end amenities, including luxury swimming pools, a private golf course, tennis courts, a fully equipped gym, kids’ water park, and dedicated yoga and relaxation areas.

The project is also said to be a lucrative investment opportunity, as it’s situated on one of the last available plots in Business Bay, which continues to experience high demand and strong returns.

Dubai’s Cube Residences By Developer Amwaj

The Cube Residences, the newest project in Dubai by UAE-based Amwaj Development, is situated in Mohammed bin Rashid City’s District 11. Following Starlight Park’s successful debut, this is its second project.

The project offers 54 distinctively designed apartments, a mix of one- and two-bedroom apartments ranging in size from 708 square feet to 1,695 square feet, offering roomy living areas suited to the various needs of the Dubai market.

It has a creatively designed structure that includes a basement, ground floor, five residential floors, and a rooftop area with a pool. Its total land area is 15,070 square feet. It is anticipated that the project will be finished in Q4 2026.

Modern living is made possible by the new development’s prime location, which is only 15 minutes from Downtown Dubai and Dubai Mall and 20 minutes from Dubai International Airport.

Unveiling the project, Founder and Chairman Emad Saleh said: “The Cube Residences is an amazing project that embodies our commitment to innovative design and advanced technology. Each apartment is fully furnished and equipped with advanced home automation systems, ensuring a seamless and modern lifestyle for our residents.”

He claimed that the Cube Residences’ premium white goods from well-known Italian brands ensure the highest quality and convenience and were designed with the modern resident in mind.

CEO Murad Saleh said: “Dubai’s real estate market has been growing rapidly over the last few years and we felt it is time for us to capitalise on the growing demand for real estate in the UAE. We are excited to launch The Cube Residences offering residents an unparalleled living experiences.”

Ground floor amenities for residents include a coffee cart lounge, a co-working space, a concierge reception desk, and round-the-clock security. According to him, the rooftop features include a gaming room with billiard tables and arcade games, a fitness center, saunas and showers, and a rooftop pool.

According to COO Aida El Shahabi, the new project’s core features are cutting-edge technology and creative design, with the addition of smart home systems that improve living conditions and provide seamless connectivity.

“Our goal is to create a community that elevates the everyday lifestyle of its residents through convenience and cutting-edge technology,” added El Shahabi.

Reblogged via propertynews.ae

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Studio-3 Bedroom units available

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1 Bedroom Apartment For Rent In AL Jaddaf Dubai | Brand New

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