Last week in real estate: 29 April – 3 May 2018

This week the Arabian Travel Market (ATM) 2018 came to a close. The ATM dominated last weeks UAE’s real estate news with announcements from two major developers about their hospitality divisions. Nevertheless, it’s a new week, and there’s never a dull moment in Dubai real estate news, so let’s take a look at the top news stories making headlines in the Dubai real estate market this week.

Azizi Developments makes headway on  Meydan Avenue Projects

 Leading UAE-based private developer Azizi Developments has awarded Tasmeem Building Contracting LLC (TBCI) contracts worth AED 102M to develop their latest project. Three residential complexes  – Azizi Gardens, Azizi Park Avenue, and Azizi Greenfield are to be built alongside existing properties in Meydan Avenue by TBCI – these include a total of 242, 1 and 2-bedroom apartments, featuring a prime community lifestyle, with modern architecture surrounded by landscaped parks, gardens and a waterfront.  

$160M beachfront resort on Deira Islands

Dubai’s most prominent property developer, Nakheel Properties, is planning to develop a $160 million resort at Deira Islands, known as Vienna House Deira Beach. The project comes as another cornerstone that paves the way for Dubai’s tourism, entertainment and leisure.

Commenting on the agreement with Vienna House, Nakheel’s Chairman Ali Rashid Lootah said: “Our ongoing strategy is to bring new, highly-reputable hospitality brands and concepts to Dubai as part of our commitment to supporting the government in realising its tourism vision.”

The resort, which is the first Vienna House in the Middle East, will offer a luxurious leisure experience different from any other beach resort in Dubai, the developers say. The initiative of this project has come about thanks to Nakheel Properties’ new partnership with Austria’s largest independent hotel chain, Vienna House.

Rupert Simoner, the CEO of Vienna International Hotelmanagement, added: “Vienna House Deira Beach will offer quality leisure experiences that are designed to offer guests authentic moments and memories.”

The Deira Islands project adds 21km of beachfront to Dubai’s coastline, with new world-class attractions, such as the Deira Mall and Deira Islands Night Souk, two new shopping experiences which will offer visitors the best of Dubai’s retail scene.

new phase at Villanova community

The Villanova community in Dubailand will soon receive a new addition known as Amarante 3. The third phase of the community has plans to develop 300 more, 3 and 4-bedroom townhouses with Spanish-influenced design, surrounded by scenic landscaping. The Villanova community includes facilities and amenities like playgrounds sports facilities, mosques and leisure areas for singles and families alike.

“At Dubai Properties, we believe a home is not the house you buy, it’s the memories you create with your loved ones and the feeling that you’re in the place you cherish the most in the world, the moment you walk through the door. Villanova offers the community with just that, a modern Mediterranean flair amidst one of Dubai’s most serene landscapes,” said Marwan Al Kindi, Executive Director of Sales and Sales Operations at Dubai Properties.

Located at the intersection of the Dubai—Al Ain Road with Emirates Road, the construction of the Amaranta 3 will begin in October of this year, with completion scheduled just a months after the end of Expo 2020.

Rawda 2 towers launched in town square Dubai

Next up on our roundup of Dubai real estate news is the launch of another fabulous residential property – Rawda 2 towers in Town Square Dubai.  The existing residents, who presently call Town Square Dubai their home, enjoy the benifits of the cycling track as well watching movies at the Reel Cinemas Cineplex located close by. With the development of four new towers in Rawda 2, there will be ample options for those looking to buy properties in Town Square.

“We have put in place a robust infrastructure including one of the largest district cooling facilities serving the community, and work on the Town Square Central Park is progressing at a brisk pace. Rawda 2 apartments have a prime place in Town Square, set by the park, with homes opening to green, landscaped vistas, and residents stepping out to a vibrant lifestyle hub,” said Fred Durie CEO of Nshama – the UAE-based real estate developer in charge of the Rawda 2 project.

The project is another stepping stone to the evolution of Town Square Dubai, alongside other developments such as the Hayat Townhouses.

Damac’s Tower 108 enters final stages of completion

Last on our list of Dubai real estate news is another residential tower on the final stage of completion. Damac Properties announced that the 34-storey building, Tower 108 in Jumeirah Village Circle (JVC), is in the final stages of completion and will soon be available for people looking to buy and rent apartments in JVC. 

Damac’s tower has a warm, family-friendly layout which consists of 404 fully-furnished, residential units ranging from studios to 3-bedroom apartments that provide residents with breathtaking views of the surrounding landscape. Additionally, Tower 108 comes equipped with four parking levels, a 24-hour concierge/reception and facilities like swimming pools, jacuzzi and gym.

Ali Sajwani, General Manager of Operations at Damac Properties said: “Tower 108 offers a variety of units, offering an immediate move-in experience in one of Dubai’s most sought-after areas. We are looking forward to adding Tower 108 to our growing portfolio of completed towers that are reshaping the Dubai skyline, and to welcoming residents once the snagging and finishing work is complete.”

That’s all from this week’s roundup of Dubai real estate news. Over the past week, Dubai’s real estate news was dominated by the announcements of developments of residential areas for families in Dubai.

If you enjoyed this week’s update, stay tuned to for more news on UAE’s best property and lifestyle blog In the meanwhile, try out our fun quiz to see if we can guess your age by the items in your room.