Last Month in Real Estate – UAE property news March 2023
- Bayut dubizzle Stronger Together Awards 2022 Held in Dubai
- National Properties Launches 399 Hills Park
- Iman Developers Unveils a New Residential Project in Dubai
- New Townhouses Launched in Jumeirah Village Circle (JVC)
- Reportage Properties Reveals a New Project in Dubai
- A $545M Development Launched on Yas Island
- Arada Launches the Sixth Phase of the Sharjah Woodland Project
- GJ Properties Announces a New Project
March 2023 saw UAE real estate market unlocking a new chapter, with several projects launched across Dubai, Sharjah, Ajman and Abu Dhabi. If you want to know all about these exciting new developments, our UAE real estate news breakdown for March 2023 brings you all the details.
TOP UAE REAL ESTATE NEWS FOR MARCH 2023
BAYUT DUBIZZLE STRONGER TOGETHER AWARDS 2022 HELD IN DUBAI
The top real estate news in March that created a big-time buzz across the UAE property sector came from Dubai, where the Bayut dubizzle Stronger Together Awards 2022 took place.
Hosted at The Terrace at Jumeirah Emirates Tower on 8th March 2023, the event recognised the outstanding efforts of UAE real estate top performers throughout the last year:
- Accolades were given across different categories, such as “Agency of the Year 2022”, “Off-Plan Specialist of the Year 2022”, “People’s Choice Awards” and “Agent of the Year 2022 Dubai”.
- The award ceremony was attended by all the key real estate professionals of the UAE.
- Aside from prize distribution, the event saw fun competitions, dazzling performances and so much more that kept the audience thoroughly entertained!
NATIONAL PROPERTIES LAUNCHES 399 HILLS PARK IN DUBAI HILLS ESTATE
National Properties has stirred excitement across Dubai’s real estate sector after they announced the launch of 399 Hills Park in Dubai Hills Estate. Offering upscale urban living, the project will be designed to promote a family-friendly lifestyle.
- The project will have two mid-rise buildings featuring spacious units.
- Buildings will have pools, a yoga lawn, a BBQ area, a fully equipped gym and much more!
IMAN DEVELOPERS LAUNCHES A LUXURY PROJECT IN DUBAI
One of Dubai’s real estate developers, Iman Developers, has amazed investors with the launch of their AED 200 million ($54.4M) residential project – Oxford Gardens.
The upcoming project will span 165,000 sq. ft., featuring premium amenities such as a rooftop infinity pool, a gym, a yoga area, a jacuzzi, EV charging stations and a kids’ play area, among other things.
- Oxford Gardens will have 400-450 sq. ft. studios, available from AED 535k.
- The cost of 650 – 800 sq. ft. 1-bedroom apartments in Oxford Gardens will start from AED 790k.
- Ranging from 1,200 – 1,600 sq. ft., 2-bedroom flats in Oxford Gardens will be available from AED 1.1M.
Sharing their vision for the project, Iman Developers’ director, Mr Ismail Marfani, said:
“With the growing demand for upscale living spaces, we aim to provide residents with a home that offers modern amenities, exceptional design, and unparalleled comfort. Our commitment to quality and customer satisfaction drives us to continually innovate and exceed expectations. We believe that our new project will offer a unique lifestyle that our residents will cherish for years to come.”
SHERWOODS INTERNATIONAL PROPERTY UNVEILS A TOWNHOUSE PROJECT IN JVC
In other Dubai real estate news, Sherwoods International Property (also known as Sherwoods) has announced the launch of West Azure – a project featuring 13 townhouses in Jumeirah Village Circle (JVC).
- Each townhouse will have four bedrooms — built in minimalist style, featuring a multi-purpose basement that can be adapted as a home office, cinema, playroom, storage area or an extra bedroom.
- The cost of townhouses will start from AED 2.9M.
- Handovers are expected to begin by June 2023.
REPORTAGE PROPERTIES REVEALS A 653-UNIT PROJECT IN DUBAI
One of the largest private developers in the UAE, Reportage Properties, has been making waves after they launched a 653-unit residential project in Dubailand.
- The project, known as Bianca, will feature over 500 2 to 4-bedroom townhouses.
- The units will come with unique specifications such as built-in wardrobes, a maid’s room, a laundry room, private parking, an internal elevator and a kitchen with cabinets.
- Residents will enjoy easy access to pools, private parking, schools, tennis courts, BBQ areas, shops and a gym.
- Dubai’s popular tourist destinations, such as the Mall of the Emirates and Global Village, will be nearby.
NEW DEVELOPMENT LAUNCHES ON YAS ISLAND
In other UAE real estate news, Ethmar International Holding and Al Nahda International Holding have announced the launch of a new project in Yas Bay, Abu Dhabi.
- Known as Sea La Vie, the AED 2 billion ($545M) project will be the epitome of timeless design and luxury.
- Sea La Vie will feature 1 to 4-bedroom apartments, duplexes, penthouses, lofts and townhouses with high-end amenities.
ARADA ROLLS OUT THE SIXTH PHASE OF THE SHARJAH WOODLAND PROJECT
Following the successful launch of Sarai, the UAE-based developer ARADA has launched Sequoia, the sixth phase of Masaar’s residential woodland project in Al Suyoh, Sharjah.
- Sequoia will have 338 nature-inspired homes within walking distance of Masaar Central – a leisure and fitness community hub.
- The project will offer easy access to a kids’ play area, a skate park and an amphitheatre.
- When it comes to properties, homes in Sequoia will range from 2-bedroom to 6-bedroom forest villas featuring pristine pools, spacious terraces and additional lounges.
- Sequoia houses are expected to be completed by the end of 2025.
Besides these homes in Sequoia district, Masaar will feature 3,000 residences spread over its seven gated districts — connected to a green spine comprising 50,000 trees.
As per Group CEO Ahmed Alkhoshaibi:
“When we launched Masaar, we made a promise to our buyers that homes in this unique community would set a new standard of living – not just for Sharjah but for the entire UAE. It has been incredibly encouraging to see how the blend of exceptional design and facilities mixed with the huge potential for value creation has resulted in buyers from all over the world putting their faith in Masaar.”
GJ PROPERTIES DISCLOSES A NEW RESIDENTIAL PROJECT IN AJMAN
In Ajman real estate news, GJ Properties has rolled out Ajman Creek Towers to offer an affordable lifestyle for residents.
- Located on the creek, the upscale apartment complex will have five towers connected by a podium.
- The stylishly designed complex will have 1,875 apartments close to Ajman City Centre, hospitals, schools, parks and golf courses.
Commenting on the launch of Ajman Creek Towers, CEO of GJ Properties, Mr Ali Ghaleb Jaber, said:
“We are very excited to announce the launch of Ajman Creek Towers, which will bring affordable yet quality living for all. Ajman has experienced strong growth over the last few years, fuelled by investment into new infrastructure projects, and the attraction of new talent to the market. This is encouraging more families to build a home in Ajman, as they are attracted by the slower, more relaxed pace of life and the abundance of amenities, which includes access to a beautiful coastline, as well as the best schools and healthcare facilities.
Prospective investors will be happy to know that GJ Properties will offer 100% freehold estate, minimal maintenance fee and zero registration cost.
FAQs ABOUT UAE REAL ESTATE NEWS AND MORE
WHICH PROJECTS HAVE BEEN LAUNCHED RECENTLY?
Savanna, Design Quarter and Verde are some of the hottest projects launched in March 2023.
WHAT ARE THE MOST EXPENSIVE AREAS IN DUBAI?
Bluewaters Island Meraas, Palm Jumeirah and Dubai Harbour are some of the priciest areas in Dubai for apartment living.
That’s all we have for you – in our list of top UAE real estate news for March 2023.
If you’re searching for investment opportunities, The Floating Seahorse – an underwater villa project by The Heart of Europe is a good option! Alternatively, you can consider Aladdin City.
For timely information and updates about the UAE real estate sector, subscribe to MyBayut.
