Last month in real estate – A look upon September 2023
- Launch of Floareá Residence in Arjan
- A Boom in Freehold Residential Projects in RAK
- New Malls in Abu Dhabi
- RSG Group Launches Fairmont Residences
- New Identical Towers in Dubai
MyBayut is back with its monthly dose of the UAE real estate news for September 2023. This month features exciting new residential projects and a peek into the ever-booming real estate market of the country. Ready to learn more? Let’s go!
UAE REAL ESTATE NEWS FOR SEPTEMBER 2023
MASHRIQ ELITE DEVELOPMENT LAUNCHES FLOREA RESIDENCES
The renowned real estate developer, Mashriq Elite Developments, has announced an opulent residential project in Arjan. Floareá Residence will be a testament to architectural excellence and serenity. According to the developer, the prestigious EmSquare Engineering Consultants will take charge of architectural designs, ensuring premium quality.
Al Mashriq Group has been successfully operating in the Gulf for two decades. The CEO, Kamran Muhammad, stated:
“We have paid meticulous attention to every detail, from the layout of bedrooms and bathrooms to the project’s exterior and interior, amenities and sustainable ethos. Floareá Residence embodies the essence of a tranquil haven.”
The project is strategically positioned and will give the residents easy access to some of the premier destinations in the city, such as Mall of the Emirates, Global Village and Burj Al Arab. Let’s take a quick look at some of the features and facilities offered at apartments for sale in Floarea Residence.
- 206 flats with studio, 1 and 2-bedroom layouts
- An infinity pool with a grand waterfall
- State-of-the-art clubhouse
- Yoga studio
- BBQ courtyard
- Gym
- Indoor and outdoor play areas
- Sauna facilities
RAS AL KHAIMAH WITNESSES A BOOM IN OFF-PLAN PROPERTIES
Next on our list of UAE real estate news is the freehold residential projects in Ras Al Khaimah built on some of the mega hotel projects. In recent years, RAK observed a steady launch of high-profile hotels and resorts.
These master developers are now launching off-plan residential projects in the emirate. Let’s have a quick overview of Ras Al Khaimah property news from last month.
- In September 2023, RAK Properties announced four residential towers. Two of these buildings will have 20 storeys, and the others will feature 9 storeys each.
- Another real estate news in the UAE features the Cape Hayat. It will feature 688 flats on the Hayat Island located in Mina Al Arab.
- Danah Bay also launched 5-bedroom upscale villas in phase 2.
MAKANI REAL ESTATE ALL SET TO BUY AND BUILD NEW MALLS IN ABU DHABI
The real estate news from Abu Dhabi features Makani Real Estate. The company aims to buy and build new community centres and malls in the capital. It currently owns shopping malls worth AED 1.5M in Al Ain and Abu Dhabi.
Makani Real Estate is currently building a new community centre with multiple retail stores and restaurants in Al Khalidiyah. It is expected to open in the last quarter of 2023. CEO of the company said:
“Our vision is to expand the retail presence of our business, to design a customer-centric experience for our shoppers and community.”
The master developer also plans to build two new malls in Shakhbout City and Mohammed bin Zayed City. These projects are expected to be completed in the next two years. They are also working on another redevelopment plan for the existing malls, including Makani Zakher, Al Ain Mall and Shamkha Mall, as well as two other small community centres.
The company has acquired Makani Zakher and Al Ain Mall for AED 1.03 billion.
LAUNCH OF FAIRMONT RESIDENCES DUBAI SKYLINE
Next, we have the most exciting piece of Dubai property news. To meet the ever-growing demand of the market, RSG Group of Companies has unveiled Fairmont Residences Dubai Skyline.
RSG is one of the most prominent real estate developers in Dubai, and this new residential project will be a testament to their unwavering commitment to top-tier developments in the emirate.
Fairmont Residences is expected to be completed in March 2025 with a promise to be the epitome of opulence. RSG has already invested AED 1.5 billion and 65% of the building is already completed. Here are some of the highlights of this residential project:
- It will feature 122 fully furnished apartments.
- There will be 2 and 3-bed units in the building.
- Fairmont Residences will be designed by award-winning interior design company – Kristina Zanic Consultants.
Potential buyers will be happy to know that apartments for sale in Fairmont Residences offer a flexible payment plan. You can make 50% of the payment post-handover over a period of 3 years.
A NEW RESIDENTIAL PROJECT IN DUBAI MARITIME CITY
Select Group has announced the launch of Nautica Tower 1 and 2. The identical towers will be located in Dubai Maritime City. The project is expected to be completed in the fourth quarter of 2026.
Each of the towers will boast 328 apartments with units in 1 and 2-bedroom layouts. The residents will enjoy waterfront living and bespoke luxury.
FAQS ABOUT UAE REAL ESTATE NEWS IN SEPTEMBER 2023
ARE THERE ANY OFF-PLAN PROJECTS IN DUBAI?
Yes! There are plenty of off-plan projects in Dubai, including both apartments and villas. Burj Binghatti Jacob & Co Residences and Bugatti Residences by Binghatti are some of the apartment projects you can explore. As for off-plan villas, Expo Valley and Sobha Reserve are worth checking out.
WHICH ARE THE NEWLY LAUNCHED PROPERTIES IN DUBAI?
Sunridge, Stonehenge Residences and Skyros are some of the newly launched properties in Dubai.
And this brings us to the end of our review of UAE real estate news for September 2023. The are plenty of exciting upcoming projects to look forward to, which of these developments interest you? Let us know in the comments below.
Want to relocate? Arabian Ranches and Jumeirah are the most popular residential communities for families in Dubai.
