CITYSCAPE

ARADA

Arada to launch several residential communities within Aljada and will exhibit the recently launched Kaya district at forested megaproject Masaar

Arada, the UAE’s fastest-growing developer, showcased Sharjah’s key real estate offerings at Cityscape Global, which took place from 9-11 November at Dubai Exhibition Centre at Expo 2020 Dubai.

Arada’s stand exhibited the extensive range of properties in its two mega developments, Masaar and Aljada. Featuring several exciting new communities within Aljada, the AED24 billion mixed-use community in New Sharjah, the stand also showcased the recently launched Kaya, the second residential phase of Arada’s forested lifestyle mega community Masaar.

So far, Arada has sold nearly 1,600 units at Aljada during the course of 2021, with a total value of almost AED900 million. Masaar on the other hand has witnessed exceptional demand for its first phase, while the second phase of this nature-inspired community, Kaya, was launched in October. Total sales so far this year at Masaar amount to almost AED1 billion.

Ahmed Alkhoshaibi, CEO of Arada, said: “We are looking forward to attending Cityscape once again to showcase a new collection of prime properties at Masaar and Aljada, which both have demonstrated incredible investor interest and have also benefited from the stability of the real estate market that Sharjah enjoys.

“Our continuing strong performance is also being driven by the success of our community-centric

facilities, the high quality of our homes and our flexible ownership plans, all of which have combined to secure Arada’s position as the driving force in Sharjah’s real estate sector and becoming the fastest growing developer in the UAE.”

The total value of Arada’s sales during the first half of 2021 rose by 85% to AED1.15 billion and the developer is on track to achieve its target of AED2.3 billion this year. The company has also completed over 1,200 homes so far this year and currently working on 5,000 units across Aljada.

Government and independent data released recently shows that Sharjah’s real estate market as a whole is witnessing a rebound from a slight slowdown during the worst of the pandemic last year. According to the Sharjah Real Estate Registration Department, the value of property sold in the Emirate rose by 41% in the first six months of the year, compared to the same period last year.

Research published by Property Finder earlier this year showed that average apartment sales listing prices for property in Sharjah increased by 2.2% in July compared to January this year. However, growth was much higher at Aljada, where the average listing price rose by 4.8% during the same period.

Spread over a 24 million square foot area, Aljada is Sharjah’s largest ever project and a transformational destination for the Emirate. Aljada contains numerous residential districts, as well as extensive retail, hospitality, entertainment, sporting, educational, healthcare components and a business park, all set within a green urban master plan. On completion, Aljada will contain 20,000 units, and will be home to a population of 70,000 people. Designed to encourage active and healthy living in harmony in nature, Masaar was launched in January this year, and offers 4,000 beautifully designed villas in eight gated residential districts, all clustered around a ‘green spine’ containing a host of outdoor and sporting facilities and boasting 50,000 trees.

“OUR CONTINUING STRONG PERFORMANCE IS ALSO BEING DRIVEN BY THE SUCCESS OF OUR COMMUNITY-CENTRIC FACILITIES, THE HIGH QUALITY OF OUR HOMES AND OUR FLEXIBLE OWNERSHIP PLANS, ALL OF WHICH HAVE COMBINED TO SECURE ARADA’S POSITION AS THE DRIVING FORCE IN SHARJAH’S REAL ESTATE SECTOR AND BECOMING THE FASTEST GROWING DEVELOPER IN THE UAE.”

Ahmed Alkhoshaibi, CEO of Arada

AZIZI DEVELOPMENTS

Azizi Developments achieves over AED 160m in sales at Cityscape Global 2021

Azizi Developments, a leading private developer in the UAE, announced that it has recorded over AED 160 million in sales at Cityscape Global 2021 for its premium off-plan, completed, and soon-to-becompleted residential and commercial developments throughout Dubai.

Projects exhibited this year consisted of Riviera Beachfront, the developer’s French Mediterraneaninspired residential and commercial community, Mina on the beautifully landscaped east crescent of the iconic Palm Jumeirah, and Creek Views I and II, situated in Dubai Healthcare City.

In his comments, Mr Farhad Azizi, CEO of Azizi Developments, said: “We are delighted to witness the world come together at Cityscape this year, demonstrating its superlative real estate investment opportunities as well as its status as a major hub for business, tourism and innovation. It is a key exhibition that we are delighted to have been a part of, as it is perfectly aligned with our mission of showcasing Dubai’s many marvels to the world, especially now, with it being part of the Expo.”

Riviera Beachfront, comprising residences with direct access to – and stunning views of – Azizi’s newly announced 2.7-kilometre-long crystal lagoon in one of Dubai’s most sought-after areas, MBR City, was among the main highlights. Mina on Palm Jumeirah and Creek Views I and II in Dubai Healthcare City were showcased as scale models at the event as well.

Mina grants local and foreign investors the opportunity to enjoy high-class living in one of the UAE’s most distinguished addresses. Spanning nearly 38,500 square metres of built-up area, Mina features 178 units, comprising 120 one- and 54 two-bedroom residences, as well as four spacious penthouses. The project also features several retail units across 1,847 square metres and over 69 per cent of the project’s total area is allocated for lifestyleenhancing amenities, including, a children’s’ play area, a jogging track, green outdoor spaces, private beach access, two swimming pools, and a fully equipped gym. Immaculately designed to leverage its waterfront location and overlooking the Arabian Gulf with stunning views of the city’s spectacular skyline, Mina offers residents seaside serenity at its finest.

Azizi’s Creek Views projects in Dubai Healthcare City will also feature swimming pools, saunas, steam rooms, fully equipped gyms, and children’s play areas. This community is not only home to a wide variety of leading, high-tech medical centres, but also comprises an abundance of lifestyle and shopping options and features direct access to Al Khail Road.

Azizi Developments’ Sales Gallery can be visited on the 13th floor of the Conrad Hotel on Sheikh Zayed Road. Azizi Developments is a leading developer based in Dubai, UAE. With tens of thousands of homes successfully delivered to local and international investors and end users of over 100 nationalities, the developer prides itself on its extensive portfolio of modern luxury developments across Dubai’s most soughtafter residential destinations, its construction-driven approach, and its commitment to transparency and customer centricity. Azizi’s residential and commercial properties are investor friendly, catering to all lifestyles. The developer makes it its international mission to develop lifestyles and enrich the lives of its residents with a focus on catalysing the vision and development of the markets that it operates in. Azizi currently has approximately 100 ongoing projects that are to be delivered between 2020 and 2023, and an additional 100+ projects in planning, worth several billion US dollars, that are projected to be delivered between 2023 and 2025. The company has a strong track record and sizeable project pipeline through its extensive land bank and strategic partnerships with Dubai’s key master developers and is instrumental in developing world-class properties in MBR City, Palm Jumeirah, Dubai Healthcare City, Al Furjan, Studio City, Sports City and Downtown Jebel Ali.

ABOUT AZIZI DEVELOPMENTS

ORASCOM DEVELOPMENT HOLDING

Orascom Development showcases its unique offerings at Cityscape Global Exhibition in Dubai

Orascom Development Holding (ODH), a leading real estate developer of fully integrated towns, participated in Cityscape Global 2021, the region’s largest international property exhibition and forum, which was held on the side lines of

Expo 2020 Dubai from November 9 to 11. ODH presented its new and unique integrated sustainable towns across the UAE, Egypt, and Montenegro, Oman, Switzerland, and the United Kingdom.

Omar El-Hamamsy, Group CEO of Orascom Development Holding, expressed his delight at the participation in Cityscape Global 2021, which is considered the largest international real estate platform in the region. He praised the exhibition’s organizational efforts pointing out that such exhibitions contribute to shedding light on the investment opportunities offered by the real estate sector, as well as simultaneously presenting various regulations and legislations related to real estate investment throughout the Middle East and North Africa region.

El-Hamamsy said: “Orascom Development has 32 years’ experience in building integrated towns in seven different countries across three continents. The company’s strategy is to leverage the potential of untapped regions and lands such as the desert and transform them into vibrant towns based on three important foundations. The first one focuses on providing all possible infrastructure, and facilities that are required to meet the needs of residents in these towns, including schools, hospitals, malls and sports clubs. The second is to apply environmental sustainability standards and measures, in addition to maintaining symmetry between the area’s natural landscape and architecture to ensure its harmony with the surroundings. The third relies on organising cultural, arts, sports and entrepreneurship events to enhance the town’s economic and social sectors.”

He added: “Participating in such global events incentivises real estate exports in various countries. For example, more than 60% of Makadi Heights’ clients during 2021were from outside Egypt, in addition to a large number of El Gouna clients.”

El-Hamamsy reiterated that ODH prioritizes Arab nations and that it owns the Cove Rotana project, which was built on a 300,000 square-meter area. The company has undertaken two projects in Oman and Morocco, and has built three integrated towns in Egypt. “We are also exploring potential opportunities of expanding our presence in Saudi Arabia and we have already visited numerous countries in the region and met with relevant authorities, which expressed interest in our projects, as they meet the needs and suit the taste of Arabs, which is our key focus in the coming period.”

Orascom Development Holding has succeeded in achieving real estate sales worth 444.9 Swiss Francs during the first nine months of 2021, an increase of 51.1%. During its participation in Cityscape Global 2021, ODH will highlight key updates across its integrated cities, covering a total of 101 million square-metre area.

DEYAAR DEVELOPMENT

Deyaar returns to Cityscape as Dubai’s red-hot real estate market continues to boom

Deyaar Development PJSC, one of Dubai’s leading property developers and real estate service providers, participated in Cityscape Global 2021, the region’s largest international real estate exhibition and forum in Dubai.

As the city’s property market goes from strength to strength, Deyaar presented an exclusive offer for a new release of residential apartments in

Noor District, the third phase of the family friendly community, Midtown. It also provided an update on highly anticipated projects such as the flagship tower Regalia that offers a high-end urban lifestyle embodied by royalty and distinction. During Cityscape Global 2021, Noor offer included a 50 percent waiver on Dubai Land Department fees, a two-year association fee waiver and a flexible five-year payment plan. Scheduled for completion in Q1 2023, Noor District offers spacious studios, one, two and three-bedroom apartments with bespoke payment options including a 20 percent payment during construction, 15 percent on handover and the remaining 65 percent over the following four years. With this offer, investors can expect an annual return on investment of 11 percent from handover date. Deyaar has successfully delivered the first two districts in Midtown with over 1200 residential units.

Deyaar also provided an opportunity for visitors to learn more about its luxury skyscraper in Business Bay, Regalia, at Cityscape Global. Featuring smart home technology, high-end amenities and an attractive sales offer on a very limited stock including a three-year free service fee waiver and 50% waiver on property registration fees, the development has already recorded more than AED 900 million in sales since July. The 70-storey premium building will offer a wide range of recreational and wellness amenities, including an Olympic-size infinity pool with private cabanas and Jacuzzis, state-of- the-art family gymnasium, yoga pavilion, and outdoor winter cinema.

“We are excited to join Cityscape this year as Dubai’s real estate rebound continues its remarkable recovery,” said Nasser Amer, Vice-President – Sales at Deyaar. “As the region’s largest exhibition of its kind, it is a unique platform to demonstrate attractive investment opportunities as Expo 2020 Dubai welcomes thousands of people to the city. We have already witnessed an overwhelming response from domestic and international investors seeking high-quality and affordable property which reaffirms the trust and confidence in the quality of our developments. We look forward to showcasing our world-class portfolio of residential and commercial projects and underscoring our belief that Dubai remains one of the world’s greatest cosmopolitan cities.”

For two decades, Deyaar has shaped the urban real estate landscape of Dubai. Established in 2002, its meteoric rise is testament to a limitless ambition. Established in 2002, its meteoric rise is testament to a limitless ambition. As one of Dubai’s largest property developers, it has successfully delivered more than 20 million sq. ft. of developments to cement Dubai’s position as one of the world’s greatest cities.

Listed on the Dubai Financial Market and majority-owned by Dubai Islamic Bank (DIB), Deyaar is one of Dubai’s leading developers, with real estate ventures spanning key growth corridors and prime locations within the emirate. Over the years, Deyaar has delivered an extensive portfolio of commercial and residential properties with the highest levels of service and quality. “AS THE REGION’S LARGEST EXHIBITION OF ITS KIND, IT IS A UNIQUE PLATFORM TO DEMONSTRATE ATTRACTIVE INVESTMENT OPPORTUNITIES AS EXPO 2020 DUBAI WELCOMES THOUSANDS OF PEOPLE TO THE CITY.”