UAE real estate news for the month of November 2023
- Maya Luxury
- Eden House – The Canal
- Al Wathba Residential Community
- Missoni-Branded Residences in RAK
- FAQs
UAE has a fast-developing real estate industry. A number of renowned developers announced some exciting residential projects in the country. From waterfront communities to opulent towers, we bring you the top UAE real estate news from November 2023.
UAE REAL ESTATE NEWS FOR NOVEMBER 2023
MAYA LUXURY IN DUBAI
The renowned Andalusia Court has announced its collaboration with Al Wathba Contracting to develop the much anticipated Maya Luxury project in Dubai. The project has an estimated market value of AED 80M and it is set to symbolise a milestone for both real estate companies.
Following this exciting Dubai real estate news, the CEO of Al Wathba affirmed company’s collaboration with local developer as a part of its commitment to excellence. Maya Luxury will feature exclusive 3, 4 and 5-bed townhouses boasting opulence and sophistication.
LAUNCH OF EDEN HOUSE – THE CANAL IN JUMEIRAH
Another real estate news from Dubai was announced last week by the prestigious H&H Development. The turnkey developer announced a luxurious residential project in Jumeirah, Eden House – The Canal.
It is located on the banks of Dubai Water Canal in Jumeirah 2, adjacent to Four Seasons Private Residences.
The project is slated to be completed in the early months of 2025. The mid-rise six storey building will feature 93 flats in studio to four-bedroom configurations. Eden House – The Canal will also have 3 penthouses, garden duplexes with floor-to-ceiling windows.
The architecture of this residential project is designed by DXB-Lab. Here’s a brief look at the amenities residents will enjoy at Eden House – The Canal.
- A dedicated concierge
- 24/7 security
- Spa and salon on the premises
- Daycare
AL WATHBA RESIDENTIAL COMMUNITY LAUNCHED IN ABU DHABI
One of the most happening real estate news for November 2023 in the UAE was the launch of the Al Wathba Residential Community in Abu Dhabi. The said project has an estimated worth of AED 1.1 billion and it will comprise 347 homes in the Al Wathba suburb.
Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Chairman of the Abu Dhabi Executive Council unveiled the project as a part of government initiative “Emirati Neighbourhood Initiative” to provide the citizens with quality homes.
The said project is spread across 875,000 square metres and will include various community facilities such as shops and commercial complexes. It will also boast 15 parks and 4 mosques.
MISSONI-BRANDED RESIDENCES COME TO RAS AL KHAIMAH
The master developers, DURAR in collaboration with Fortune 5 unveiled the first ever Missoni-branded residences in Ras Al Khaimah. This UAE real estate news is an exciting opportunity for the residents of Al Marjan Island who want to invest in bespoke living spaces.
This waterfront project will boast the iconic psychedelic pattern by the Italian brand and is expected to be completed by the end of 2026.
FAQS ABOUT REAL ESTATE NEWS IN THE UAE
WHICH ARE THE TOP OFF-PLAN PROJECTS IN DUBAI?
Burj Binghatti Jacob & Co. Residences, Como Residences, DAMAC Bay by Cavalli and Expo Valley are some of the top off-plan projects in Dubai.
WHERE SHOULD I INVEST IN DUBAI’S REAL ESTATE MARKET?
The top areas for property investment in Dubai are Dubai Marina, Downtown Dubai, Jumeirah Lake Towers (JLT), Dubai Silicon Oasis and International City. All these areas offer high ROIs.
And with that we conclude our guide to the top news for UAE real estate in November 2023. These residential projects provide an excellent opportunity to invest in the booming real estate industry.
Want to rent affordable flats in Dubai? The most popular areas are International City, Muhaisnah and DAMAC Hills 2.
