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Mid East Info
13-06-2025
- Business
- Mid East Info
Emirates Properties launches Dh350 million Azha Millennium Residences as Dubai's branded home supply grows - Middle East Business News and Information
The launch of Azha Millennium Residences embodies Dubai's strategic vision to raise the real estate market value to Dh1 trillion by 2033 Under the patronage of HH Sheikh Rashid bin Humaid Al Nuaimi, Chairman of the Municipality and Planning Department in Ajman, Emirates Properties Group launched Azha Millennium Residences, an ultra-luxury branded mixed-use development that will be developed at the heart of Jumeirah Village Triangle (JVT), Dubai. Being developed by Emirates Properties Group, one of the large property developers in the UAE, the Dh350 million Azha Millennium Residences will deliver an exquisite collection of 196 Millennium Hotels & Resorts-branded apartments and curated retail spaces upon completion in Q4 2027. With its futuristic design, integrated living experience, and sustainable infrastructure, Azha Millennium Residences harbours Dubai's ambitious goal to propel the real estate market value to Dh1 trillion by 2033 – a key indicator of the Dubai Real Estate Sector Strategy 2033. Rising 30 storeys high, it is the latest hotel-branded development to adorn Dubai's towering skyline, reaffirming the city's appeal to the global affluent. The emirate recorded transactions of more than 13,000 branded units in 2024, a 43 per cent increase from 2023, according to market intelligence and property consultancy Global Branded Residences (GBR). Currently boasting 43,000 homes across 132 high-end developments in its inventory, Dubai eyes to increase its stock by more than double over the next five years. 'Azha Millennium Residences is a unique addition to Dubai's striking portfolio of branded homes. The project is an embodiment of aesthetics, sophistication, and convenience, further enhancing Dubai's appeal as an ideal residential destination for luxury lovers,' Sheikh Rashid bin Humaid Al Nuaimi said. Azha Millennium Residences features 196 units, including 56 studios, 84 one-bedroom, and 56 two-bedroom apartments, meticulously designed for comfort, elegance, and smart living. With prices starting from Dh629,000, studios span an area from 375 square feet onwards while sizes of one- and two-bedroom units span up to 979 square feet and 1,746 square feet, respectively. Emirates Properties Group is offering an attractive and flexible payment plan: 10 percent down payment, 30 percent during construction, 10 percent upon handover, and 50 percent in three years post-handover, allowing seamless purchases. The surge of wealthy home-buyers in Dubai is central to the growth of branded homes. The market's appeal lies in Dubai's multi-cultural lifestyle, safety, accessibility, economic resilience, and favourable position on the world map. Dubai now ranks among the top 20 wealthiest cities, hosting 81,200 millionaires, including 237 centi-millionaires and 20 billionaires. The number of wealthy people with a net worth exceeding US$100 million in Dubai is expected to grow two-fold by 2034, according to the 'World's Wealthiest Cities Report 2024' published by Henley & Partners in collaboration with New World Wealth. Properties like Azha Millennium Residences will help maintain the supply level in the long run as the market foresees rising demand due to the influx of High-Net-Worth-Individuals (HNWIs) by the next decade. Mohammed R. Hegazi, Managing Director of Emirates Properties Group, said, 'Azha's launch takes place at a time when Dubai is receiving a large number of super-wealthy settlers. Each residence is masterfully crafted to embody luxury living at its core. Millennium Hotels and Resorts adds pivotal value to homes, promising an unmatched experience with its signature hospitality services. 'This will widen the choice of ultra-luxury properties and help global ultra-high networth individuals to live in Dubai.' Azha Millennium Residences features a suite of world-class amenities that resonate with the opulent lifestyle of its residents. Ground level facilities include a swimming pool, BBQ area, lush garden, play areas, and a café lounge. On the rooftop, residents can access a health club, a pool offering scenic views of JVT, a lounge, indoor cinema, and entertainment room. Moreover, residents can experience hotel-style living with Millennium's premium hospitality services like concierge, round-the-clock security, in-room dining, housekeeping, valet parking, and additional wellness facilities. More than 300 designated parking slots across four podiums are available. Strategically located in Jumeirah Village Triangle, Azha Millennium Residences is in close proximity to some of Dubai's iconic landmarks, including Miracle Garden, Mall of the Emirates, Dubai Autodrome, Palm Jumeirah, and Bluewaters Island. Emirates Properties Group is a sustained player in UAE's residential real estate contributing a number of attractive projects to the country's diverse landscape. It is a key developer in Ajman where its portfolio includes a mix of low-rise residences, tall towers, and vibrant villa communities. It has expanded its footprint in Dubai and Abu Dhabi, with Azha Millennium Residences being its third launch in Dubai. About Emirates Properties Group: Emirates Properties Group is a leading real estate developer committed to delivering high-quality, design-led projects that enrich urban life and foster lasting value for investors, residents, and communities across the UAE.
Al Etihad
21-04-2025
- Politics
- Al Etihad
Tolerance, coexistence integral part of UAE's journey: Nahyan bin Mubarak
21 Apr 2025 15:07 ABU DHABI (WAM) Sheikh Nahyan bin Mubarak Al Nahyan, Minister of Tolerance and Coexistence, announced the launch of Masfout, one of the key sites within the Ministry's "Gardens of Tolerance" initiative — a project aimed at promoting harmony with nature and reinforcing the values of tolerance and coexistence across initiative, developed in collaboration with the Municipality and Planning Department – Ajman, aims to reflect the UAE's commitment to environmental harmony and social Rashid bin Humaid Al Nuaimi, Chairman of the Municipality and Planning Department – Ajman, inaugurated the site by planting a Ghaf tree, a national symbol of resilience and unity.'This garden embodies our core values and reinforces our commitment to tolerance as a way of life,' Sheikh Nahyan said, noting the garden's significance as a community space celebrating good conduct towards both people and praised the partnership with Ajman Municipality, highlighting that the inclusion of Masfout carries powerful significance in promoting tolerance and coexistence among all segments of UAE society, and in creating a welcoming destination for the country's Nahyan reiterated President His Highness Sheikh Mohamed bin Zayed Al Nahyan's emphasis on tolerance and human fraternity as foundational to the UAE's development—principles inherited from the country's founding father, the late Sheikh Zayed bin Sultan Al Nahyan. He added that expanding the initiative to include more sites across the UAE supports the country's soft power and promotes tolerance and peaceful coexistence among all segments of society.
Sharjah 24
14-03-2025
- Business
- Sharjah 24
Rashid bin Humaid Council hosts panel on media's future role
Panel discussion overview The session was moderated by journalist Ahmed Al Yammahi, with participation from a number of experts and media specialists. The discussion provided valuable insights into the future of media in the UAE. Key topics discussed The session covered several crucial topics concerning the media sector, including: The role of national media in supporting Emirati values and aspirations The impact of media initiatives on elevating the country's reputation and strengthening international relations The influence of artificial intelligence (AI) applications in the media sector Strategies to counter misinformation Sheikh Rashid's remarks Sheikh Rashid bin Humaid Al Nuaimi, Chairman of the Municipality and Planning Department in Ajman, referenced the words of His Highness Sheikh Mohamed bin Zayed Al Nahyan, President of the UAE, on youth empowerment and their role in shaping the future. He emphasised that young people are ambassadors of their country, and their success is key to shaping the future. Sheikh Rashid also commended the National Media Office for its significant achievements in both domestic and international media under the guidance of the country's leadership. He stressed that media is a powerful force in shaping national aspirations and societal ambitions. Media's role in national development Sheikh Rashid highlighted the UAE's investment in modern media technologies and urged optimal use of social media platforms for national benefit. He also pointed out the importance of reliable statistics, feasibility studies, and sustainable development plans for federal entities in attracting global investors. Ohood Al Roumi's praise Ohood Al Roumi praised the Rashid bin Humaid Ramadan Council for its transparent discussions of important topics, noting that media plays a strategic role in shaping the future and a nation's global reputation. Abdulla Al Hamed's insights Abdulla Al Hamed reaffirmed that the UAE's leadership prioritises the development of an advanced media sector. He discussed the BRIDGE Summit, a global initiative launched in Washington, D.C., which will be hosted in Abu Dhabi in December 2025. The initiative aims to forecast the future of media and drive transformation in the sector. Al Hamed also stressed that 2026 would be a pivotal year for reaping the benefits of media initiatives launched in 2025 and highlighted the need for adaptation to new technologies to enhance competitiveness and credibility in national media. Global media trends Al Hamed pointed to the evolving media landscapes worldwide, emphasizing the importance of digital media, modern technologies, and combatting misinformation. He also discussed media's role as an economic sector and strategies for boosting the UAE's presence on the global media map. Key global media statistics include: Over 5 billion people will be using social media in 2024, with an annual increase of 266 million users. AI is expected to drive global media and entertainment revenues from $80 billion to $130 billion annually. Advertisers spent approximately $720 billion in 2023, with projections surpassing $1 trillion by 2025. Concluding Recommendations The session concluded with critical recommendations: Media professionals should keep pace with technological advancements. Adoption of ethical and professional standards to ensure the dissemination of credible content. Raising awareness of the importance of relying on official and trustworthy sources to shape positive public opinion and achieve sustainable development.
