Top UAE real estate news from October 2023
- Bayut’s Q3 2023 Rental and Sales Market Reports for Dubai & Abu Dhabi
- ALDAR Announced ‘Haven’ in Dubai
- 25h Heimat Set to Open in Downtown Dubai
- AHS Properties Close USD 50 Million Penthouse Sale
- Yasmina Villas Launched at Expo City Dubai
- Abu Dhabi Real Estate News
- UAE Real Estate News from Northern Emirates
As autumn 2023 arrived, October witnessed the launch of several new residential projects across the UAE. ALDAR’s entry into Dubai’s real estate market and Al Zorah Developments’ launch of a luxury waterfront community in Ras Al Khaimah marked significant developments in the country’s property sector. Want to stay updated with the latest UAE real estate news? This round-up of all the headline-making stories from October 2023 has you covered.
Dubai Real Estate Latest News from October 2023
Q3 Rental and Sales Market Reports for Dubai and Abu Dhabi
Regarding the biggest real estate news in the UAE for October 2023, we have released Bayut’s Q3 2023 rental and sales market reports for Dubai and Abu Dhabi.
These quarterly reviews of Abu Dhabi and Dubai real estate markets highlight the key trends and market forecast in the UAE capital and its neighbouring emirate.
You can check out the detailed analysis here:
- Bayut’s Sales Market Report for Dubai Q3 2023
- Bayut’s Rental Market Report for Dubai Q3 2023
- Bayut’s Sales Market Report for Abu Dhabi Q3 2023
- Bayut’s Rental Market Report for Abu Dhabi Q3 2023
Haven by Aldar Properties
Headlining Dubai real estate news is Haven, ALDAR Properties’ first residential development in Dubai, boasting 2,428 homes. This nature-oriented community will allow residents to embrace an active and healthy lifestyle. The master plan has a community centre within a park, a meditation pavilion, zen gardens, a spa and more.
The first phase of Haven has 462 freehold residential units, including 3 and 4-bedroom townhouses and 6-bedroom premium villas. The construction is scheduled to start in Q2 2024, with handovers expected in Q3 2027.
25h Heimat
The acclaimed hospitality group, 25hours, is venturing into the residential real estate sector with 25h Heimat in Downtown Dubai. D&B Properties is delighted to present this innovative development, branded by 25hours.
25h Heimat offers a range of studio, 1, 2 and 3-bedroom apartments and duplex penthouses. This 70+ floor residential building will provide a different living experience with distinct amenities, such as a sky lounge, a music room, a padel court and a co-working space.
AHS Properties sells $50M One Canal Penthouse
AHS Properties achieved a historic milestone by selling an iconic One Canal penthouse for $50 million.
The remarkable sky mansion, One Canal’s 30,000+ sq. ft. penthouse, has been ingeniously constructed from four rooftop units. Equipped with the latest amenities, it offers a gym, sauna, steam room, a garden and pool, two additional private pools and two parking spots. Residents enjoy breathtaking panoramic vistas of some of Dubai’s renowned landmarks, such as Burj Al Arab and Dubai Canal.
Yasmina Villas introduced at the Expo Valley, Expo City Dubai
Expo City Dubai‘s latest offering in Expo Valley, Yasmina Villas, was recently revealed with a 50%, 3-year, post-handover payment plan. Handovers are expected in Q4 2025.
Following the success of the Shamsa Townhouses, these villas are being launched with a limited number of four and five-bed semi-detached homes covering an approximate area of 4,000 sq. ft.
Abu Dhabi, UAE Real Estate News
Let’s head to the UAE capital for more real estate news for October 2023 in the UAE.
Granada by Bloom Holding – the latest addition to Abu Dhabi’s luxury offerings
Bloom Holding announced the debut of ‘Granada,’ the fourth phase of Bloom Living in the UAE capital.
Taking its cue from the Mediterranean construction style, Granada will have low-rise apartment buildings in the all-inclusive community of Bloom Living. The first phase of Granada has eight 4-storey buildings with various accommodation options: studios to 3-bedroom apartments.
The apartments have modern furnishings, open layouts and high ceilings, plus big windows to let in natural light to fill the rooms. Appealing post-handover payment plans are available for the fourth phase of Bloom Living, scheduled for completion in Q4 2026.
UAE Real Estate News from the Northern Emirates
The Northern Emirates of Ras Al Khaimah and Ajman also had exciting announcements related to real estate in October 2023.
MASA Residences by DURAR Launching soon on Al Marjan Island, RAK
Let’s look at Ras al Khaimah property news first. Durar Group, a well-known Dubai-based developer, rolled out the AED 700 million luxury branded 12-storey apartment tower on Al Marjan Island in Ras Al Khaimah.
This is the company’s first venture in the Northern Emirates and comes after the successful completion of J One Towers in Business Bay. The development will comprise 394 apartments (studio to 2-bedroom units) and 18 villas facing the Arabian Gulf. The Masa Residences project is expected to be finished by the fourth quarter of 2026.
Gateway at Porto Al Zorah – Ajman
The Al Zorah Development Company has proudly announced details of Gateway at Porto Al Zorah, its much-awaited luxury marina-front residential project equipped with first-rate facilities such as a fitness centre, a family pool and a playground.
Situated near the Al Zorah Golf Club, a mangrove forest and a creek, this remarkable development comprises 157 simplex and duplex apartments, including studio, 1, 2 and 3-bedroom units.
Occupants can take advantage of exclusive amenities like unlimited golfing at the Al Zorah Golf Club, Beach Club membership, a silver-tier The Oberoi Beach Resort membership, preferential berthing rates at Al Zorah Marina, and a City Residents Card with discounts at Al Zorah-owned F&B and hospitality establishments.
FAQs about the UAE Real Estate News for October 2023
Which other projects were announced in Dubai during October 2023?
Plenty of exciting apartment and villa projects are launched in Dubai every month and October was no different. Dubai real estate market latest news for the month included the launch of DAMAC Casa by DAMAC Properties in Al Sufouh and ‘10 Oxford’ in JVC by Iman Developers. Other hot new properties launched in Dubai in October 2023 include Nautica by Select Group and Aria by NSHAMA.
What are my options regarding new real estate investments in Dubai?
The latest property news in Dubai includes two major announcements: Alana, The Valley, a luxury villa project by Emaar and Naya at District One, MBR City. The latter offers apartments, penthouses and villas and is a collaboration between Meydan & Nakheel Properties.
Manhattan 1 and Manhattan 2 in JVC by Samana Developers are also part of Dubai property news for October 2023.
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