Last Week in Real Estate : 4-10 August, 2018

As we wrap up the first few days of August and the dusty skies of the earlier week clear to reveal the bright rays of the sun, the real estate industry in Dubai continues to make headlines with amazing new projects, handovers and construction updates. Let’s take a look at the Dubai property news of note from the week that went by.

New Riviera development scheduled to open this December in Dubai

The Creek Marina is the latest waterfront development in Dubai that is set to pique the interest of real estate investors in the city. Modelled after the French Riviera, this beautiful new project is taking shape at the Dubai Creek Harbour. Aficionados of property news in the UAE welcomed the announcement of the upscale development by Emaar which will feature a marina with docking stations for luxury yachts along with a Yacht Club and refuelling stations. It will also be home to a spectacular fountain and luxury retail and dining outlets.

In a statement to Dubai real estate news segments, Emaar also said that the Creek Marina will be home to the Vida Harbour Point, a harbour hotel in the style of those in Singapore and Shanghai with 286-rooms, scheduled to open in 2019.

Emaar named official hospitality partner for Expo 2020

Organisers of the Expo 2020 in Dubai have unveiled the hospitality and leisure wing of Emaar Properties as the official partners for the magnum opus event set to take place in a couple of years. Emaar Hospitality which has consistently been mentioned in the property news in Dubai for their excellence in customer experience will also get to showcase their innovations at the Expo, enabling visitors from across the globe to experience a slice of Emirati hospitality.

Rolando Martins, Chief Visitor Experience Officer, Expo 2020 Dubai, welcomed the partnership and said: “The hospitality experience at Expo 2020 is an opportunity to showcase this important aspect of the Emirati identity and culture. Emaar Hospitality Group has a record of warmly welcoming millions of visitors to Dubai every year – many of whom return again and again, which makes them the ideal hospitality partner.”

Aurora Real Estate Development handover Hyati Residences

There’s a brand new set of properties in Jumeirah Village Circle (JVC) now for renters and investors to look into. Aurora Developers said to Dubai property news outlets this week that they have handed over the AED 168M project in JVC which features 122 affordable apartments and 20 townhouses. The development boasts modern, bespoke living spaces with high-quality finishing. There are six studios, 82 1-bedroom flats and 35 2-bedroom units in the apartment complex of the development. The townhouses are 4-bedroom units with parking spaces and a terrace.

Cian Farah, CEO of Aurora Real Estate Development, commented: “Developments by Aurora cater to clients who appreciate the attention to detail, quality design, and the introduction of high-quality finishes provided at an affordable price. Following the success of Hyati Residence, Hyati Avenue underscores our dedication to meeting customer preferences in the Dubai real estate market and we look forward to delivering another creative concept.”

Damac announces the launch of new apartments in Reva Heights at Business Bay

Damac is adding to their impressive portfolio of apartments in Business Bay with the release of a new set of luxury one and two bedroom properties at their latest project, Reva Heights. Overlooking the spectacular Dubai Canal prices for 1-bedroom units at Reva Heights start at a highly competitive AED 8o1k.

In an announcement to Dubai property news segments Niall McLoughlin, senior vice president at Damac Properties said: “Aspiring homeowners and residents wish to live at a convenient address, without compromising on quality. Reva Heights promises to live up to their expectations.”

Residents will be thrilled with the premium amenities in the development which will include a temperature-controlled pool, separate wellness facilities for men and women, community parks and much more.

Danube properties LAWNZ project sells out in 5 weeks

The developers of the much-publicised AED 550M project in International City made the announcement to Dubai property news outlets early last week. There are a total of 1032 properties in Lawnz by Danube with prices starting at an extremely modest AED 290k. Construction is set to begin in late 2018, and once complete the development will feature premium amenities including health club, swimming pool, jogging tracks, barbecue deck, sports facilities and an outdoor cinema.

Atif Rahman, director and partner of Danube Properties, said: “The customer response for the first phase of the project – about half of the total inventories – was amazing and overwhelming.”

That’s quite a few new announcements for property enthusiasts in the UAE real estate market to mull over. Now that you are caught up on all the latest Dubai property news, make some plans to visit the newly opened Warner Bros. World Abu Dhabi and have a stellar weekend!