Real Estate

When designing Bluewaters Residences in Dubai, 10 Design (10) has been able to capitalise on the challenges presented by the project to create unique concepts that have provided these homes with direct access to the water’s edge.

MAG Development, the real estate arm of the UAE-based MAG Holding Group, has broken ground on its $2-billion mixed-use project located at Mohammed Bin Rashid City’s Meydan District 7 in Dubai.

Dubai-based wasl Properties, a subsidiary of wasl Asset Management Group, last month started handing over units at its ‘Gardenia Townhomes’ development at wasl gate that is located near Ibn Battuta Mall on Sheikh Zayed Road.

Miral, Abu Dhabi’s creator of destinations, and Warner Bros have announced that the world’s first Warner Bros branded hotel – The WB Abu Dhabi – is currently being developed on Yas Island, Abu Dhabi. Set to open in 2021, construction of the $112-million hotel is well under way and is now 40 per cent complete.

Miral has announced the opening of the world’s largest indoor skydiving flight chamber and tallest indoor climbing wall at Yas Island – two record-breaking experiences for sports and leisure enthusiasts.

Leading Dubai developer Emaar has announced the sales launch of Vida Residences Creek Beach, a premium 33-storey tower featuring a luxurious collection of apartments, located at Dubai Creek Harbour.

Azizi Developments, one of the leading private developers in the UAE, has launched unique sky villas across Samia, Farishta, Shaista, and Plaza in Al Furjan, an up-and-coming growth corridor of Dubai. Samia, Farishta and Shaista each have eight sky villas with varying sizes of up to 303.6 sq m. Plaza comprises 16 units with sizes of up to 271.

Saudi-based Umm Alqura Company for Development and Construction (UAQ) has joined forces with  Alinma Investment, a unit of kingdom’s leading bank Alinma, to launch a real estate development fund with an investment value of over SR17 billion ($4.53 billion) mainly focused on properties in Makkah.

Al Mouj Muscat, a major lifestyle and leisure destination in Oman, has announced the sale of marina-facing two- and three-bedroom apartments within its Juman One Marina development.

Edamah signs leasing deals for Bahrain waterfront project Bahrain Real Estate Investment Company (Edamah), the local real estate arm of the kingdom’s sovereign wealth fund, said it has recently signed lease agreements with several tenants, who will be opening outlets at Sa’ada Waterfront.