Dubai property sector zooms as real estate deals reach Dhs4.93b - GulfToday

Dubai property sector zooms as real estate deals reach Dhs4.93b


A general view of residential skyscrapers in Dubai.

Staff Reporter, Gulf Today

The real estate and properties transactions valued at Dhs4.93 billion in total during the week. The sum of transactions was 2,245.

174 plots were sold for Dhs 920.4 million, 1,080 apartments and villas were sold for Dhs 2.18 billion.

The top three transactions were a land in Business Bay sold for Dhs 68.7 million, followed by a land that was sold for Dhs 47.42 million in Hadaeq Sheikh Mohammed Bin Rashid, and a land sold for Dhs 68.7 million in Business Bay in third place.

Al Hebiah Fourth recorded the most transactions for this week by 65 sales transactions worth Dhs 283.84 million, followed by Al Hebiah Third with 32 sales transactions worth Dhs 92.26 million, and Hadaeq Sheikh Mohammed Bin Rashid with 16 sales transactions worth Dhs 300 million in third place.

Meanwhile, Azizi Developments, a leading private developer in the UAE, is launching a collection of three new buildings located in Riviera’s Boulevard district as part of Phase 3 of Riviera, Azizi’s French Mediterranean-inspired residential and commercial community in one of Dubai’s most sought-after destinations, MBR City.

The new buildings will comprise 252 studios, 84 one-bedroom and 84 two-bedroom units.

The Boulevard, a bustling space that is brimming with eatery, convenience, and other retail options, offers a vibrant living experience unrivalled by any other development. Residents can enjoy the best of both worlds by relaxing and unwinding in the comfort of their own homes with immediate access to indulge in quality time with their friends and loved ones.

Mirwais Azizi, Founder and Chairman of Azizi Developments, said: “The expansion of our residential offerings on the Boulevard in Riviera through these three new world-class buildings is our response to the surging demand for homes in that particular area. The launch reinforces our vision of providing best-in-class residences for our valued investors.”

“We are not here to simply build buildings; we are here to enrich lifestyles for future generations, a mission we strive for in the development of Riviera, as well as all of our other projects across Dubai and beyond. We are also further developing the public spaces within Riviera, making the most of them and giving them a higher purpose for recreational and leisurely activities, effectively encouraging residents’ well-being and fostering a true sense of belonging”, he added.

Designed to introduce the French-Mediterranean lifestyle to Dubai, which is not merely about architectural art but also about a certain ‘joie de vivre’ — a celebration of life, an exultation of spirit, Riviera represents a new landmark destination that is both residential and commercial, with an abundance of retail space. Riviera features three districts: an extensive retail boulevard, the lagoon walk with artisan eateries and boutiques, and Les Jardins — a vast, lush-green social space.

In June this year, Azizi Developments announced the addition of a 2.7-kilometre-long crystal lagoon to Riviera, covering an area of over 130,026 square metres that will stretch across the entirety of the community. With stunning blue flooring, filled with more than 51.5 million gallons of crystal-clear, desalinated, and clean water that residents can swim in Aziz’s lagoon will feature a vast variety of artisan eateries and boutiques and will be a bustling space where residents can enjoy strolls along the beach-like shores, sunbathe and cool off.

Meanwhile,  Sunset Hospitality Group (SHG), renowned for curating contemporary hospitality experiences around the world, announces further expansion for its lifestyle hotel brand, METT Hotels & Resorts.

After a successful opening of METT Hotel & Beach Resort Bodrum, which received outstanding recognitions, including TIME’s The World’s 100 Great Places and the annual Condé Nast Traveller Middle East Readers’ Choice Award, METT Hotels & Resorts is expanding to Marbella, Spain.

The new METT Hotel & Beach Resort Marbella sits on the Costa del Sol pristine shoreline and features 254-keys. True to its concept, the 5-star lifestyle property will focus on dining, entertainment, and experiences to bring people together to celebrate life.

Antonio Gonzalez, CEO, Sunset Hospitality Group, says: “METT hotels are curated for those travelers of today who are looking for a place to simply have fun and celebrate life in incredible locations. After the phenomenal success of METT Bodrum, we are excited to spread the brand values and experiences and look forward to welcoming the residents and visitors of Costa del Sol to discover our unique offering through the upcoming METT Hotel & Beach Resort Marbella.”

The beachfront property provides uninterrupted sea views and is surrounded by a lush Andalusian landscape resembling a “chic contemporary cortijo.” With the art of dining and entertainment at its heart, the resort will feature several international lifestyle brands, providing a unique dining offering that will position this property as a socializing hub.

The hotel sits directly on a pristine beach stretch, complemented by a bespoke swimming pool and a few private pools and cabanas. A perfect destination for fitness and wellness enthusiasts, the resort also provides a state-of-the-art gym and studio for group classes, along with a modern spa designed to soothe, pamper and de-stress guests.

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