Latest news with #WadiAlSafa
Arabian Business
23-06-2025
- Business
- Arabian Business
Dubai real estate: Infracorp launches AED600m California residences in Wadi Al Safa
Infracorp has launched sales for California Residences, a new AED 600 million residential development located in Wadi Al Safa, Dubai. The project offers a mix of apartments, villas, and townhouses designed around green living principles and community-centric planning. Positioned near major attractions such as Global Village and IMG Worlds of Adventure, California Residences features a gated community with landscaped gardens, a central park, walking trails, and communal facilities intended to promote social interaction and well-being. The launch, which began on 11 June 2025, introduces a range of units starting from AED 1 million, with handover scheduled for Q2 2028. The available configurations include: 1-bedroom apartments (approx. 750 sq. ft.) starting from AED 1 million 2-bedroom units (approx. 1,200 sq. ft.) from AED 1.6 million 3-bedroom homes (ranging from 1,300 to 1,800 sq. ft.) from AED 1.8 million The project incorporates a clubhouse, fitness facilities, multiple swimming pools, and dedicated social lounges, offering residents access to both privacy and shared lifestyle amenities. The development also aims to integrate the convenience of apartment living with the openness of a villa community. 'California Residences reflects our long-term vision of building communities that prioritise quality of life, sustainability, and social connection,' said Majed Abdulla Al Khan, CEO of Infracorp. 'Wadi Al Safa is one of Dubai's most promising growth areas, and we're proud to bring a development that offers not just homes, but a holistic lifestyle.' Nada Alkoohiji, CFO of Infracorp, described the project as a strategic investment opportunity. 'Starting from just AED 1 million, the project offers a rare opportunity to own a home in a well-planned community near major attractions. We're confident this launch will appeal to both end-users and investors looking for solid returns in a high-demand area,' she said. California Residences marks the latest addition to Infracorp's regional real estate portfolio, which spans more than 250 million square feet across the GCC, North Africa, and South Asia. The company, with a capital base of $1.2 billion, manages assets valued at nearly $3 billion.
Zawya
18-06-2025
- Business
- Zawya
Infracorp launches 'California Residences' residential project in Dubai
Manama, Kingdom of Bahrain: Infracorp, a leading specialised company in investing in the infrastructure and sustainable development sector, has recently announced the official launch of sales for its latest residential project, California Residences, located in Dubai, United Arab Emirates, with a total investment value of BD 61.8 million. This was during an official launch ceremony attended by several real estate stakeholders in Dubai. Offering 370 units, the project represents a prominent addition to Dubai's real estate landscape, blending thoughtful modern design with a calm, family-oriented atmosphere. It offers a fully integrated living environment that caters to daily life requirements, while fostering comfort, aesthetic appeal, and community cohesion. Sales officially opened on June 11, 2025, presenting a promising opportunity for prospective homeowners in one of the Dubai's most sought-after and integrated communities. California Residences is strategically located in Wadi Al Safa, just minutes away from some of Dubai's most popular landmarks such as the Global Village and IMG Worlds of Adventure. This makes it a perfect convergence point between peaceful family living and vibrant entertainment. The project showcases ideal lifestyle models where apartments, villas, and townhouses harmoniously coexist within an intelligently planned urban design that balances privacy with openness. It offers residents a villa-like experience with added flexibility and ease, within a coherent and well-balanced community that fosters a strong sense of belonging. The development is characterised by its environmentally sustainable nature, surrounded by carefully landscaped gardens and walking paths that serve as a central hub for community interaction and vibrant living. California Residences also includes a wide array of amenities and services such as a fully equipped gym, swimming pools, dedicated meeting and gathering spaces, as well as areas specifically designed for children and family activities. The project offers a diverse range of residential units, including one-, two-, and three-bedroom apartments, thoughtfully designed to meet the needs of families and investors alike. Set within a modern community environment that balances luxury with practicality, California Residences is ideally positioned for both residential living and long-term investment. The project is located in one of Dubai's fastest-growing areas, with completion scheduled for the second quarter of 2028. Commenting on the launch, Mr. Majed Al Khan, Chief Executive Officer of Infracorp, stated: 'California Residences reflects our long-term vision to build communities that prioritise quality of life, sustainability, and social connectivity. We are proud to introduce a project that offers a comprehensive lifestyle within a healthy and green environment that meets the aspirations of future generations. Wadi Al Safa is one of Dubai's most rapidly developing areas.' On her part, Ms. Nada Al Kooheji, Chief Financial Officer of Infracorp, said: 'This project is a strategic investment that combines long-term value with accessibility, presenting a rare opportunity to own a home in an integrated community adjacent to Dubai's top leisure destinations. We are confident that this launch will attract both end users and investors seeking stable returns in a promising location.' About Infracorp: Infracorp B.S.C., is a company specialised in investing in the infrastructure and sustainability development sector, with a capital of USD 1.2 billion. Infracorp manages a portfolio of nearly USD 3 billion in infrastructure assets, including a 250 million square feet land bank in the GCC, North Africa and South Asia, which is earmarked for sustainable economic and social infrastructure. Infracorp's sustainability strategy is designed to generate strong long-term returns for investors through proactive management of ESG risks, and by embracing opportunities for value creation in the sustainable investment ecosystem. The Company focuses on investments in developing communities and investing in logistics and technologies that support sustainability and renewables, as well as social infrastructure assets across the education and healthcare sectors.
Khaleej Times
18-06-2025
- Business
- Khaleej Times
Infracorp unveils Dh600m California Residences in Dubai
Infracorp has announced the sales launch of California Residences, a thoughtfully designed, family-friendly residential community nestled in Wadi Al Safa, Dubai. Offering a blend of modern living and community-focused design, the project officially became available for purchase starting June 11. Strategically located just minutes away from Global Village and directly opposite IMG Worlds of Adventure, California Residences is a master-planned neighbourhood featuring a diverse mix of villas, townhouses, and apartments. This unique offering ensures that different unit types blend and compliment each other in a gated community. The residents of California Residences will have the convenience of staying in an apartment while the luxury and openness of a villa community. The development is built around the principles of green living, offering residents expansive landscaped gardens, a vibrant central park, walking trails, and community spaces that encourage social interaction. With a total project value of Dh600 million, California Residences brings together upscale amenities including a clubhouse with a gym, multiple swimming pools, and dedicated social lounges – making it an ideal setting for families seeking both comfort and community. The project offers units in various configurations: 1-bedroom apartments starting from Dh1 million (approx. 750 sq. ft.) 2-bedroom units from Dh1.6 million (approx. 1,200 sq. ft.) 3-bedroom homes from Dh1.8 million (1,300 & approx. 1800 sq. ft.) With handover expected in Q2 2028, California Residences presents an attractive investment opportunity for both end-users and investors, combining affordability with long-term value in one of Dubai's most promising growth corridors. Majed Abdulla Al Khan, CEO, Infracorp, said: "California Residences reflects our long-term vision of building communities that prioritise quality of life, sustainability, and social connection. Wadi Al Safa is one of Dubai's most promising growth areas, and we're proud to bring a development that offers not just homes, but a holistic lifestyle built around green spaces, wellness, and convenience. This project embodies Infracorp's commitment to creating livable, future ready communities.' Nada Alkoohiji, chief financial officer, Infracorp, added: "With a total project value of Dh600 million, California Residence is a strategic investment that balances accessibility with long-term value. Starting from just Dh1 million, the project offers a rare opportunity to own a home in a well planned community in close proximity to major attractions like Global Village and IMG. We're confident this launch will appeal to both end-users and investors looking for solid returns in a high-demand area."
Zawya
17-06-2025
- Business
- Zawya
Infracorp unveils California Residences, an AED600mln green living community in the heart of Dubai
Dubai, UAE: Infracorp has announced the sales launch of California Residences, a thoughtfully designed, family-friendly residential community nestled in Wadi Al Safa, Dubai. Offering a blend of modern living and community-focused design, the project officially became available for purchase starting June 11, 2025. Strategically located just minutes away from Global Village and directly opposite IMG Worlds of Adventure, California Residences is a master-planned neighbourhood featuring a diverse mix of villas, townhouses, and apartments. This unique offering ensures that different unit types blend and compliment each other in a gated community. The residents of California Residences will have the convenience of staying in an apartment while the luxury and openness of a villa community. The development is built around the principles of green living, offering residents expansive landscaped gardens, a vibrant central park, walking trails, and community spaces that encourage social interaction. With a total project value of AED 600 million, California Residences brings together upscale amenities including a clubhouse with a gym, multiple swimming pools, and dedicated social lounges – making it an ideal setting for families seeking both comfort and community. The project offers units in various configurations: 1-bedroom apartments starting from AED 1 million (approx. 750 sq. ft.) 2-bedroom units from AED 1.6 million (approx. 1,200 sq. ft.) 3-bedroom homes from AED 1.8 million (1,300 & approx. 1800 sq. ft.) With handover expected in Q2 2028, California Residences presents an attractive investment opportunity for both end-users and investors, combining affordability with long-term value in one of Dubai's most promising growth corridors. Majed Abdulla Al Khan, Chief Executive Officer, Infracorp, said: 'California Residences reflects our long-term vision of building communities that prioritise quality of life, sustainability, and social connection. Wadi Al Safa is one of Dubai's most promising growth areas, and we're proud to bring a development that offers not just homes, but a holistic lifestyle built around green spaces, wellness, and convenience. This project embodies Infracorp's commitment to creating livable, future ready communities.' Nada Alkoohiji, Chief Financial Officer, Infracorp, added: 'With a total project value of AED 600 million, California Residence is a strategic investment that balances accessibility with long-term value. Starting from just AED 1 million, the project offers a rare opportunity to own a home in a well planned community in close proximity to major attractions like Global Village and IMG. We're confident this launch will appeal to both end-users and investors looking for solid returns in a high-demand area.' — ENDS — NOTES FOR EDITORS About Infracorp Infracorp is dedicated to excellence in infrastructure and sustainability development. With a capital of USD 1.2 billion, the company manages nearly USD 3 billion in assets, including over 250 million square feet of land in the GCC, North Africa, and South Asia. Infracorp operates across seven countries on four continents – Bahrain, UAE, USA, India, Finland, Morocco, and Tunisia – offering visionary projects and strategic innovation that deliver lasting value. The company focuses on creating meaningful impacts in the communities it serves, emphasising sustainability and social responsibility. In 2024, Infracorp expanded its sustainability strategy to enhance long-term returns for investors while managing ESG risks and capitalising on sustainable investment opportunities. Its portfolio now includes social infrastructure projects that connect communities and integrate ESG criteria. Infracorp provides end-to-end development solutions throughout the project lifecycle, investing in communities, logistics technologies, and social infrastructure assets in education and healthcare. The company is also developing logistics hubs in South Asia to facilitate cross-border trade and support sustainable economic growth. Website -
Zawya
12-06-2025
- Business
- Zawya
Infracorp to break ground on $160mln Phase 3 of California Village project in Dubai in Q2
Bahrain-based infrastructure development company Infracorp will break ground on its 600 million UAE dirhams ($160 million) California Residences project, located in Dubai's Wadi Al Safa area, in the first quarter California Residences is the third phase of the AED 1.2 billion ($327 million) California Village project. Construction of the 370-unit project is scheduled to start in the third week of June 2025 with handover scheduled for the second quarter of 2028, company executives speaking on the sidelines of the sales launch event said. Hamad Construction & Development, the contractor for the first two phases, will build California Residences, which will offer a mix of 1–3-bedroom units with starting prices in the range of $270,000–490,000 (AED 1 million to AED1.8 million), they confirmed. The first and second phases comprising a total of 234 villas and townhouses are scheduled for handover in the fourth quarter of 2025. California Village features 600 villas, townhouses, apartments and recreational and retail spaces, with a total built-up area of 1.2 million square feet. Infracorp is financing the California Village project entirely through equity. For fiscal year ended 31 December 2024, Infracorp reported a 20 percent year=on-year increase in net profit to $54.5 million. The company's assets under management increased by 12 percent to $1.85 billion. Infracorp manages a portfolio of nearly $3 billion in infrastructure assets, including a 250 million square feet land bank in the GCC, North Africa and South Asia. It currently has projects under development in Bahrain, UAE, Morocco, Tunisia and India. (Reporting by Dennis Daniel; Editing by Anoop Menon) (
