Latest news with #DubaiLand
Arabian Business
10-07-2025
- Business
- Arabian Business
Dubai real estate: Majid Developments launches Arlington Park with 140 units in Dubai Land
Majid Developments has launched Arlington Park, a residential community in Dubai Land Residence Complex (DLRC). The project marks the company's second development following Mayfair Gardens in Jumeirah Garden City. The development comprises 140 residential units across studios, one-bedroom, and two-bedroom apartments. Units are available in furnished and semi-furnished formats with amenities including an infinity pool, gym, sauna, co-working space and game room. A new community in Dubai Land Construction began on June 19, 2025, with the developer breaking ground before launching public sales. The Expression of Interest phase attracted demand that indicates the project is committed ahead of the sales release. 'Arlington Park reflects our dedication to creating lasting value through thoughtfully designed homes that enhance the quality of community living. In a fast-evolving city like Dubai, our focus remains on delivering purpose-driven projects that are sustainable, investor-smart, and deeply attuned to the needs of the modern resident,' Mansoor Majid, CEO of Majid Developments said. The company positions itself as a design-led developer with a boutique approach, focusing on locations, architecture, and amenity-rich living environments for lifestyle and investment priorities. 'From day one, we've committed ourselves to creating homes that feel considered, comfortable, and connected. Arlington Park is a continuation of that mission – a community where design, location, and lifestyle converge to deliver real, long-term value. As COO, I'm proud of the operational precision and market insight that went into shaping this project from the ground up,' Mustafa Majid, COO of Majid Developments added. Majid Developments operates with lean execution and a hands-on development approach. The leadership team brings experience across Dubai's real estate and development sectors, with each project driven by design integrity, market awareness, and vision for value creation. The launch comes as Dubai's property market continues to attract investor interest and meet rising demand from end-users. Majid Developments aims to play a role in shaping Dubai's next generation of neighbourhoods whilst delivering projects that enrich the city's urban fabric.
Zawya
02-07-2025
- Business
- Zawya
REEF Luxury unveils $123mln residential project in Dubai
REEF Luxury Developments has launched its new 450 million UAE dirhams ($122.5 million) residential project in Dubai Land Residence Complex (DLRC). The handover of REEF 998 is scheduled for the second quarter of 2028, the developer said in a statement on Wednesday. REEF 998 will have 323 residences ranging from studios to 3-bedroom apartments. On the sustainability front, the project will use a recyclable steel structural system to boost energy efficiency and long-term durability along with REEF's sunken balconies with outdoor cooling. The developer's AED 175 million REEF 1000 in DLRC is expected to be completed by the end of 2026 while the AED 300 million REEF 999 in Al Furjan is slated for handover in the first quarter 2027. (Writing by P Deol; Editing by Anoop Menon) (
Khaleej Times
19-06-2025
- Business
- Khaleej Times
Powerhouse GFS Developments ignites the future of real estate with groundbreaking in Dubai
GFS Developments, a global leader with over 25 years of real estate excellence, celebrated a significant milestone with the grand groundbreaking ceremony of its highly anticipated project, Coventry Gardens. The event took place on June 18 at 4pm in the Dubai Land Residence Complex. The glamorous affair was graced by renowned Bollywood actress Chitrangda Singh, who joined the GFS leadership in unveiling their bold vision to reshape luxury living in the UAE. The event brought together top-tier media, key investors, and VIP guests for an exclusive introduction to the company's newest residential offerings in the region. Set just 15 minutes from Downtown Dubai and the iconic Burj Khalifa, Coventry Gardens promises a vibrant, well-connected community featuring stylish studio to two-bedroom apartments. Starting at Dh450,000*, each unit comes with private parking and a compelling booking offer of just Dh25,000. The project also introduces a highly attractive and accessible 3-year post-handover payment plan — payable at just 1% per month over 60 months designed to bring smart luxury within reach for modern buyers. Guests at the event also got a first look at GFS's growing Dubai portfolio, including Coventry 66 in Dubai South, and an exciting pipeline of upcoming developments across Jumeirah Village Circle, Dubai South, Dubai Land Residence Complex, Dubai Investment City, and Dubai Islands. Chitrangda Singh expressed her admiration for GFS Developments and its dynamic presence in Dubai's real estate landscape. "I'm thrilled to be part of GFS Developments — it's a brand that's truly redefining smart, luxurious living in Dubai. Coventry Gardens feels like a perfect blend of elegance and affordability — something that modern families and investors will genuinely value," she shared. She further praised the attention to detail, financial accessibility, and overall warmth of the development. "Walking through their show apartment and hearing the team's passion, it's clear why GFS is quickly becoming a name to watch. What I love most is how GFS has truly thought of everything — from design to finance. It feels effortless, yet so elegant. I wish them all the very best." With premium projects situated along key highways and lifestyle hubs, GFS Developments is steadily building a reputation as a trusted name in Dubai's property market, offering homes designed with sophistication, value, and vision.
Mid East Info
12-05-2025
- Business
- Mid East Info
Investor Appetite Grows as Dubai Property Sales Jump 23% in April - Middle East Business News and Information
Demand is high, investor confidence is steady, and the appeal of Dubai real estate, both to locals and global buyers, has never been stronger. Dubai Sales Soar in April: Off-Plan Leads, But Ready Homes Make a Strong Comeback Dubai recorded 15,213 property sales transactions in April, reaching a staggering AED 46.18 billion in value, a 23.1% month-over-month increase. While off-plan transactions made up 59% of the market, secondary sales gained ground, climbing to 41%, up from 38% in March. Average price per square foot rose by 2.05% to AED 1,730, further underscoring the city's steady price appreciation amid strong demand. Apartments were the hottest ticket, with studios and one-bedroom units making up over two-thirds of transactions. Meanwhile, villas and townhouses maintained strength, particularly in 4- and 5-bedroom layouts, reflecting a sustained appetite for space and community living. Top-performing communities for apartments included Motor City, Dubai Marina, and Dubai Land, while Dubai Hills Estate, Al Furjan, and Jumeirah Golf Estates led villa sales. 'April was another strong month for Dubai real estate. It's encouraging to see interest coming from both investors and end-users. It's not just about the big numbers; it's about consistent demand across a wide range of communities and property types. Communities like Dubai Hills Estate and Motor City are seeing real traction, which tells us people aren't just buying for investment. They're buying to live, to grow, and to stay,' said Christopher Cina, Director of Sales at Betterhomes Dubai Leasing Market Holds Steady: Strong Tenant Demand Despite Transaction Dip On the leasing front, Dubai recorded 29,423 rental transactions in April. While this was a 23% dip compared to March, tenant interest remained high, reflected in a 1.2% increase in leads at Betterhomes. This shows that while fewer contracts were signed, demand remains healthy and focused. Apartment rentals averaged AED 140,000 annually, with popular communities like Dubai Marina, Jumeirah Lake Towers (JLT), and Dubai Land leading the charts for tenant activity. Villas saw even higher interest, averaging AED 296,000 per year, with Tilal Al Ghaf, Dubai Hills Estate, and Jumeirah Village Triangle standing out for their strong family appeal. Townhouses also held their own, with an average lease price of AED 226,800. Damac Hills 2 led the segment with a 2.4% rise in rents, a reflection of growing interest in newer, master-planned communities.
Arabian Business
07-02-2025
- Business
- Arabian Business
Dubai real estate: Off-plan sales dominate $12.1bn property market in January despite slight dip
The Dubai real estate sector saw 14,238 transactions with a value of AED 44.4bn in January, according to a Property Finder report. This represents a 23 per cent increase in volume and a 24 per cent increase in value compared to January 2024. Despite a minor dip in the value of off-plan real estate sales value,t it is the highest ever sales and value for Dubai real estate in a January and signals another impressive year ahead for real estate in the emirate. Dubai real estate 2025 Apartments made up 59 per cent of sales, with villas registering 41 per cent of the total. According to the Property Finder research, 31 per cent of people who seek to own or invest in properties were searching for one-bedroom units, with 37 per cent showing an inclination for two-bedroom apartments and 15 per cent for studios. Seekers for villas/townhouses included 37 per cent searching for three-bedroom units and 50 per cent for four-bedroom or larger options. Popular areas for apartment ownership were: Dubai Marina Jumeirah Village Circle Downtown Dubai Business Bay Palm Jumeirah Popular areas for villa/townhouse ownership were: Dubai Hills Estate Palm Jumeirah Dubai Land Al Furjan Damac Hills 2 Property Finder also tracked the performance of off-plan versus ready properties. Off-plan saw slightly more sales transactions, with 52 per cent of sales transactions. However, when transaction value was measured, ready properties dominated, with 66 per cent of the total. In January 2025, the existing market recorded approximately 6,918 transactions, up from 5,185 transactions in January 2024, reflecting a 32 per cent increase in volume and a 41 per cent increase in value. In terms of value, Palm Jebel Ali recorded AED2.1bn ($572m) across 95 deals, while Al Yelayiss 1 saw a remarkable jump, reaching AED1.7bn ($463m), up from AED102m ($28m). The off-plan market experienced a slight decline of 1.3 per cent in transaction value, recording AED15.1bn ($4.1bn), compared to AED15.3bn ($4.2bn) in January 2024. This minor dip marks the first decline in off-plan transaction value in three years. However, the number of off-plan transactions continued to rise, increasing by around 15 per cent, accounting for 52 per cent of total transactions in January 2025. Cherif Sleiman, Chief Revenue Officer at Property Finder, said, 'As we come out of a dynamic year, January 2025 marked a series of significant milestones in the UAE's real estate sector, combined with a resilient momentum. 'Recent initiatives, such as Dubai Land Department's expansion of freehold ownership, are reshaping the landscape by unlocking new opportunities for investors and homeowners. 'At the same time, the Central Bank of the UAE's focus on responsible lending will foster a more stable financial environment, reinforcing long-term market growth. 'These developments, aligned with the Dubai Real Estate Sector Strategy 2033, signal a transformative phase for the industry – one we will continue to track as we provide home-seekers with accurate insights that drive informed decision-making.' Property Finder also identified trends in the rental market in Dubai. It found that roughly 59 per cent of tenants looking for apartments preferred furnished properties, while 39 per cent turned to unfurnished options. Tenants who sought villas/townhouses showed a difference in preference, with around 48 per cent searching for unfurnished units and 52 per cent going for furnished properties. When searching for apartments, 33.4 per cent of tenants were looking for one-bedroom units, while 33 per cent expressed a preference for two-bedroom apartments and 21 per cent for studios. 42 per cent of tenants looked for three-bedroom villas and 35 per cent searched for four-bedroom or larger options. Top areas searched to rent apartments included: Jumeirah Village Circle Dubai Marina Downtown Dubai Business Bay Deira Top areas searched to rent villas/townhouses included: Jumeirah Dubai Hills Estate Damac Hills 2 Al Barsha Al Furjan
