Latest news with #Nakheel
Time of India
a day ago
- Business
- Time of India
Casagrand makes Dubai debut with 6mn sq ft project on Dubai Islands
Live Events (You can now subscribe to our (You can now subscribe to our Economic Times WhatsApp channel Marking its international debut, Indian real estate major Casagrand has forayed into the UAE market with a flagship residential project on Dubai Islands, one of the emirate's most ambitious waterfront move marks a significant milestone for the Chennai-based developer as it looks to expand its footprint beyond Indian metros into high-growth global real estate firm plans to develop 6 million sq. ft. of premium residential and mixed-use space across the UAE over the next three entry into Dubai is seen as a strategic pivot to tap into the region's booming property market, buoyed by visionary government policies, robust infrastructure, and global investor interest.'Dubai offers the perfect confluence of innovation, lifestyle, and long-term value creation,' said Arun Mn, Founder and Managing Director, Casagrand. 'We see the UAE not just as a market, but as a launchpad for our global aspirations. Our aim is to deliver future-ready, lifestyle-focused communities that resonate with Dubai's cosmopolitan spirit.'The company's first UAE project will be located on Dubai Islands, a new masterplanned waterfront cluster developed by Nakheel that has emerged as a magnet for luxury tourism, residential, and retail investments. The location aligns with Dubai's broader vision under the Dubai 2040 Urban Master Plan, aimed at enhancing livability and long-term residency through sustainable urban which has delivered over 160 residential projects across South Indian cities such as Chennai, Bengaluru, Hyderabad, and Coimbatore, brings to Dubai a legacy of 53+ million sq. ft. of development and a customer base of over 55,000 families. Known for its on-time delivery and high design standards, the company plans to replicate its India success formula with a sharp focus on quality, timely execution, and customer-centric innovations in the UAE.'Our Dubai projects will offer resort-style living, intelligent layouts, and top-tier amenities tailored for both end-users and global investors,' Arun added. 'This is not a one-off entry—we are committed to the UAE for the long term.'Casagrand's Dubai expansion is supported by its existing international sales infrastructure in the region and comes at a time when Indian developers are increasingly eyeing overseas markets to diversify and scale. The company also plans to explore land acquisitions in other key UAE masterplans to fuel its next phase of in 2003, Casagrand is one of India's fastest-growing real estate brands, with a diversified portfolio spanning luxury, mid-income, and affordable housing. It has also forayed into commercial and industrial real estate and is planning further expansion into cities such as Pune.
What's On
17-07-2025
- Business
- What's On
Save up to 10% on your first home purchase in Dubai
Launched just two weeks ago, this government-backed initiative is a collaboration between the Dubai Land Department (DLD) and the Department of Economy and Tourism, aimed at making homeownership more accessible, especially for first-time buyers. Leading developers, including Emaar, Nakheel, Azizi, and Binghatti, have already signed up, pledging direct discounts on properties. Industry insiders suggest these discounts could reach as high as 10% on homes priced up to Dh5 million. So, whether you're considering a cozy one-bedroom apartment or a spacious family villa, this programme could be the perfect opportunity to step into Dubai's property market. Am I eligible? You're eligible if you: Are 18+ and currently live in the UAE Don't own a freehold property in Dubai Want to buy a home under Dhs5 million Are applying alone or jointly (if all parties qualify) Own property in a non-freehold area? You're still eligible! Want to buy a home under Dhs5 million Once registered, you'll get priority notifications for new launches, whether or not you've found the right property yet. What perks do I get as a first-time buyer? No fluff. Here's what you'll actually get: Priority access to off-plan launches from top developers Discounted prices on select new properties Flexible payment plans, including DLD fee instalments via credit card Preferential mortgage rates from participating banks Faster mortgage approvals No extra cost to join the programme (you still pay standard DLD/Developer fees unless specified) Don't need a mortgage? You can still benefit from all property-related discounts. Who's involved? The Dubai First Home initiative is backed by some of the biggest names in real estate and banking. Developers: Emaar, Nakheel, Meraas, DAMAC, Danube, Azizi, Ellington, Dubai Properties, Majid Al Futtaim, Binghatti, Beyond, Wasl, Palma Holding have already signed up, and more are expected to join. These developers are offering direct discounts of up to 10% on selected properties priced under Dhs5 million. So far, 13 developers have officially signed on. Banks: Commercial Bank of Dubai, Emirates NBD, Mashreq, Dubai Islamic Bank, and Emirates Islamic are participating, each offering tailored mortgage products for first-time buyers. While mortgage interest rates remain stable at an average of ~3.99% for the first three years (before switching to a variable rate), some banks are offering reduced processing fees and may waive valuation costs under the programme. Is it worth it? Short answer: yes. First-time buyers could save Dh8,000 to Dh10,000 in reduced bank fees over the first few years, thanks to waived or discounted charges. On top of that, developers are offering up to 10% off property prices, plus flexible payment plans and faster mortgage approvals. And while mortgage interest rates haven't dropped yet, US rate cuts are expected later this year, which could lead to lower mortgage costs in the UAE, giving buyers even more long-term value. In short, this is a smart time to take your first step into Dubai's property market. I'm sold. How do I apply? You can register online now, via the official DLD website, and if you're not eligible, they'll let you know why so you can reapply later. Images: Unsplash > Sign up for FREE to get exclusive updates that you are interested in
Time Business News
07-07-2025
- Business
- Time Business News
Dubai's First-Time Buyer Scheme: Own Property with Emirates ID
If you've ever dreamed of owning a home in Dubai, but felt like it was out of reach, there's some exciting news for you! Dubai just launched a brand-new initiative, called the First-Time Homebuyer Scheme . This programme makes it easier for residents to own property in the city, with fewer hurdles and a lot of support. And the best part? You only need your Emirates ID to get started. In simple terms, the Dubai First-Time Homebuyer Scheme helps people who have never owned a home in Dubai to buy one. The idea is to make it easier for UAE residents, like you, to become homeowners, without needing to jump through complicated financial hoops. Under this scheme, residents aged 18 and older can buy property worth up to AED 5 million. And all you need to get started is your Emirates ID — no complicated income checks or past home loan history are required! This is a game-changer for many people who've always rented but now want to take the leap into property ownership. This scheme is open to anyone who meets these simple conditions: You must be a resident of the UAE. You should be at least 18 years old. You can't already own a property in Dubai. There's no minimum salary requirement, and it doesn't matter what your nationality is. So, whether you've been living in Dubai for years or you're new to the country, you might be eligible! Here's how it works in a nutshell: Sign Up: To apply, simply use the Dubai Land Department's app (called Dubai REST) or visit their website. You'll register with your Emirates ID. Get Approved: After you register, you'll get pre-approved by one of the banks that's partnered with the scheme. These banks will check your financial details to decide how much you can borrow. Choose Your Property: Once you're approved, you can start looking for homes. There are many properties listed, from apartments to villas, and all are eligible under the scheme. Pay with Ease: When it comes time to pay, the scheme offers flexible payment plans. Plus, you can pay some of your fees in interest-free installments. Several big names are backing this scheme to make sure it runs smoothly. The scheme is a joint effort between 13 of the biggest property developers in Dubai and 5 major banks. Developers like Emaar, Nakheel, and Damac are offering properties through this programme. Meanwhile, banks like Emirates NBD and Dubai Islamic Bank are providing special mortgage options to help you pay for your new home. Dubai's property market has been booming in recent years. In fact, 2024 saw over AED 760 billion in real estate transactions! The Dubai Land Department (DLD) wants to continue this growth by making it easier for people to enter the market, especially first-time buyers. By offering a simple way to purchase property, they hope to attract thousands of new buyers and help make homeownership a reality for many more people. The programme is also part of Dubai's long-term goal to double the city's economy by 2033, and it fits in with the city's efforts to build a more inclusive, diverse community. Here's why this programme is such a great opportunity: No salary requirements — Your bank decides what you can afford, not a set salary limit. Affordable homes — You can buy a property worth up to AED 5 million. Easy payment plans — Developers offer flexible terms and payment options, so you don't have to worry about paying everything upfront. Interest-free registration fees — The Dubai Land Department will let you pay registration fees in easy, interest-free installments. Priority access to new properties — Get early access to brand-new properties before they are open to the general public. Simplified process — The whole process is quick and easy, especially with the digital registration options available. This scheme comes at a time when Dubai's property market is thriving. Dubai is not just growing; it's becoming one of the most attractive cities for real estate investments. And with more people able to buy homes, the future of the market looks bright. The launch of this initiative is also part of a bigger plan by the Dubai Land Department to make Dubai one of the world's top cities for real estate investment by 2033. If you've been thinking about buying a home, now might be the perfect time to dive in. If you're thinking about buying a home in Dubai and have always rented, the Dubai First-Time Homebuyer Scheme might be just what you need. It's simple, it's accessible, and it's backed by the government and some of Dubai's biggest developers and banks. No more complex paperwork or big financial hurdles. With just your Emirates ID, you could be well on your way to owning your first home in this amazing city. Whether you're a young professional, a long-time resident, or someone who's just ready to make Dubai your home, this scheme could help you step onto the property ladder with ease. The dream of owning a home in Dubai is closer than ever before. TIME BUSINESS NEWS
ME Construction
07-07-2025
- Business
- ME Construction
Nakheel unveils final phase of Bay Grove Residences on Dubai Islands
Property Nakheel unveils final phase of Bay Grove Residences on Dubai Islands By This phase of the Bay Grove Residences on Island B comprises four designed buildings in a contemporary architectural style Nakheel has unveiled the final phase of Bay Grove Residences on Dubai Islands, the development follows the sale of the previously released waterfront residential units. Bay Grove Residences on Island B is said to be a blend of beachside living and city life, enhancing Nakheel's premium living destination. This phase of the Bay Grove Residences on Island B comprises four designed buildings in a contemporary architectural style. It offers 257 urban residential units including: one-, two-, three-, and four-bedroom apartments, as well as a penthouse. The penthouse stands out as the only residence of its kind in the entire Bay Grove collection, said a statement. Inside, the open-plan living and dining area with double height ceilings and floor-to-ceiling windows fosters a bright and airy atmosphere. The space transitions to a large terrace, ideal for entertaining, while offering 360-degree water views of openness and connection to the surroundings. Details such as custom joinery and stylish screens, add character and elegance to the residence. The primary suite features a walk-in closet, comfort with practical design, the statement outlined. Offering access to Crystal Beach and situated near Marina Beach, each residential unit at Bay Grove Residences provides panoramic views of the Arabian Gulf. This ensures residents can enjoy a beachfront lifestyle with shoreline amenities. The development is set across a lush green podium, offering access to an infinity lap pool, a family pool, and a host of designed amenities. These include a clubhouse, fitness centre, yoga space, kids' club, and pet wash area. The latest phase combines contemporary design with coastal living at its finest, the statement added. Nakheel notes that residents at Bay Grove Residences can enjoy a swimmable beach and boardwalk, complemented by a community park and jogging and cycling paths. This promotes a balanced lifestyle within the location. Bay Grove Residences presents a vibrant residential ecosystem and is being created as a community with ample living spaces and a well-rounded lifestyle. It is pet-friendly and combines comfort, convenience, and connectivity, it explained. Dubai Islands is a visionary waterfront destination that aligns with the Dubai 2040 Urban Master Plan. It features open spaces, parks, and golf courses overlooking the Arabian Gulf. The development comprises five islands covering a total area of 18.6sqm. Over 20km of beaches offer waterfront living, resorts, and cultural hubs within a short distance of Downtown Dubai, Dubai International Airport, and marine ports, the statement concluded.
Arabian Business
04-07-2025
- Business
- Arabian Business
Nakheel launches final phase of Bay Grove Residences on Dubai Islands after sell-out success
Nakheel, a member of Dubai Holding Real Estate, has launched the final phase of Bay Grove Residences on Dubai Islands following the sell-out of previously released waterfront residential units. The development comprises four buildings in contemporary architectural style, offering 257 urban residential units on Island B. The phase includes one-, two-, three- and four-bedroom apartments, plus a penthouse. Final phase of Bay Grove launched The penthouse represents the only residence of its kind in the entire Bay Grove collection. Located in the final phase of the development, its position provides privacy and uninterrupted views. The penthouse features spacious open-plan living and dining areas with double-height ceilings and floor-to-ceiling windows. The space connects to a terrace designed for entertaining, offering nearly 360-degree water views. Custom joinery and screens add character to the residence. The primary suite includes a walk-in closet. Each residential unit provides access to Crystal Beach and sits near Marina Beach, with panoramic views of the Arabian Gulf. The development features a green podium with access to an infinity lap pool and family pool. Amenities include a clubhouse, fitness centre, yoga space, kids' club and pet wash area. Residents can access a swimmable beach and boardwalk, plus a community park with jogging and cycling paths. Bay Grove Residences offers views of the Dubai skyline within a pet-friendly development that combines comfort, convenience, and connectivity. Dubai Islands serves as a waterfront destination that aligns with the Dubai 2040 Urban Master Plan, featuring open spaces, parks, and golf courses overlooking the Arabian Gulf. The Dubai Islands comprise five islands covering 18.6 square kilometres with over 20 kilometres of beaches, offering waterfront living, resorts, and cultural hubs within distance of Downtown Dubai, Dubai International Airport, and marine ports.
