UAE- Mubasher: Azizi Developments, a leading private developer in the UAE, announced the completion of 92% of the construction work at Farishta, its new residential tower in Al Furjan.

Farishta comprises 284 high-end residences featuring a mix of 137 studios, 124 one-bedroom, 15 two-bedroom apartments, and eight spacious penthouses, according to a press release.

The construction work of the project is on-schedule for delivery set in the fourth quarter of 2019, Azizi Developments said.

Farhad Azizi, CEO of Azizi Developments, said: “It fills us with pride to know that we will soon be delivering another remarkable project in Al Furjan, a promising area that is very dear to us. With the strong customer response that this development has received, delivering the 284 units on time remains a top priority to us.”

The external works of Farishta have been completed by over 70% to date, with nearly 100% of the structure and 99% of the blockwork done.

Tiling works and the heating, ventilation, and air conditioning (HVAC) have been completed at around 99% and 92%, respectively.

Meanwhile, the work progress at the second fix of mechanical, electrical, and plumbing (MEP) works are at 95%, the façade works are at 92%, and overall finishing at 89%.

Dubai – Mubasher: Emaar Properties, a global property developer based in Dubai, on Wednesday announced it has launched Ease by Emaar, a short-term rental concept that enables travellers to stay stays in upscale homes selected by Emaar in their integrated communities.

The leading property developer also unveiled South Beach, a premium residential beachfront development in Emaar Beachfront, which will be the first waterfront development to be listed on Ease by Emaar, according to a press release.

South Beach comprises one-, two-, and three-bedroom apartments with elegant furnishings, the company added.

Under Ease by Emaar, guests can enjoy a number of offers and deals to the city’s major attractions through Ease Pass, as well as U by Emaar which provides special upgrades, discounts on Emaar hospitality restaurants, and deals to Emaar entertainment attractions.

Residents of South Beach can also enjoy amenities such as a swimming pool, fitness centre and an extensive choice of play areas for children.

Investors in South Beach will have the option to allow Ease by Emaar to manage their property at no additional cost for the first three years post-completion, according to the release.

UAE – Mubasher: Azizi Developments, a leading private developer in the UAE, announced it has recorded major construction turning points during the third quarter of 2019.

The company has cast over 117 slabs since the beginning of this year and poured more than 165,000 tonnes of concrete, according to a press release,

Moreover, over 45 cranes erected in 2019, and over 1.3 million square feet were constructed with monthly average building progress of around 5% and over 5.9 million recorded man-hours, Azizi Developments said.

The construction works at the company’s ongoing projects Meydan, Al Furjan, Downtown Jebel Ali, Palm Jumeirah, and Dubai Healthcare City are progressing rapidly.

Azizi Developments’ entire projects are situated in promising sought-after locations based on a location pricing strategy.

Farhad Azizi, CEO of Azizi Developments, said: “With our core pillars of customer centricity and transparency, it is of the utmost importance to us to ensure that our customers are kept up-to-date on the progress of their homes. We have marked 2019 as our ‘Year of Construction’, with an emphasis on quality development and timely completion - a promise that we are well on track to deliver on”.

The company plans to meet the growing demand for properties in Dubai as reports showed that over 25 million visitors to the emirate are likely to catalyse the real estate growth in the build-up to Expo 2020.

Construction works at Al Furjan projects, Star, Shaista, and Samia are 70%, 72%, and 89% complete, respectively.

Moreover, construction at Farishta, Plaza, Aura in Jebel Ali have been completed at 92%, 88%, and 60%, respectively.

Meanwhile, Mina has been almost 68% done, and Aliyah in Dubai Healthcare City has been completed earlier this year.

Construction works at Riviera is on track, with phase one standing at 53% complete, and phase two and three having marked 35% and 22%, respectively.

Abu Dhabi - Mubasher: Aldar Properties, a leading property developer in the UAE, on Sunday announced the launch of Saadiyat Reserve, its first residential community in the heart of Saadiyat Island.

Spanning over 422,370 square metre, the AED 722 million project will offer 306 villa plots of various sizes, ranging between 600 and 1,400 square metres, according to a press release.

The community features 306 infrastructure enabled land plots that are available for sale to all nationalities, Aldar highlighted.

Saadiyat Reserve is the first land plot development Aldar launches on Saadiyat Island since the introduction of new laws allowing foreigners to own freehold land in investment zones in Abu Dhabi in April 2019.

Talal Al Dhiyebi, CEO of Aldar, said: “One of the most sought-after destinations in Abu Dhabi, Saadiyat Island, is rapidly becoming an address of choice for home buyers who are looking to benefit from the prestigious lifestyle it offers. With the launch of Saadiyat Reserve, we wanted to cater to this demand and the increasing interest in land plot sales in Abu Dhabi.”

“Saadiyat Reserve strongly complements our existing portfolio of high-quality assets on the Island, such as Mamsha and Jawaher, and will benefit from the wide-scale infrastructure work we were recently awarded by the Abu Dhabi Government,” Al Dhiyebi added.

Moreover, the community will feature amenities such as community centres, parks, schools, mosques, and a host of retail offerings.

Aldar is offering a number of appealing payment plans with a 5% down payment, the release noted.

Works on the project are set to commence in the first quarter of 2020 with handovers scheduled for mid-2022, the real estate firm remarked.

This comes following the successful launch of Aldar’s three land plot developments; Alreeman, Alreeman II, and Lea, that generated a combined sales of AED 2.4 billion.

Abu Dhabi-based developer Miral on Sunday announced the launch of Yas Village, an affordable modern living community on Yas Island spanning across 108,600 square meters.

The first phase of the project is being built with AED 625 million in investments and is set to target Yas Island’s employees and the wider community of Abu Dhabi, according to a press release.

The construction work at Yas Village’s phase one started in May 2018 and is now 40% complete.

Steppe Capital, a Singapore-based investment holding company, is also investing in parts of the development’s first phase, Miral noted.

B.R. Kiran, chief portfolio officer of Miral, said: “Yas Village, the first affordable residential development on Yas Island, brings a modern and welcoming living community to the Island.  As we continue to attract quality investments within Miral’s various ongoing and upcoming projects on Yas Island, we are delighted to have Steppe Capital invest in the development of phase one of Yas Village."

"Once complete, we look forward to welcoming employees from the island and its surrounding areas within Abu Dhabi to become residents of this inclusive community,” Kiran added,

Yas Village will feature nine residential buildings, sports, and leisure facilities, along with retail and dining options.

Phase one is set for delivery by the end of 2020, featuring 994 one- and two-bedroom units, while phase two will bring an additional 758 units to Yas Village.

دبي – مباشر: وقعت شركة (جاليري سويتس فاكيشن رينتالز) الواقعة في دولة الإمارات العربية المتحدة اتفاقية بقيمة 18 مليار درهم (5 مليارات دولار) مع شركة أويو رومز.

وبموجب هذا العقد، سوف يتم تجهيز وإدارة 10 آلاف منزل من منازل العطلات الفاخرة الاستثنائية في إمارة دبي؛ وفقاً لبيان صحفي.

وفي ذات السياق، سوف تحتفظ شركة (آي بي سي جروب) وهي المالكة لشركة جاليري سويتس فاكيشن رينتالز بملكية العقارات، مع تأجيرها لشركة جاليري سويتس لتجهزها وتقوم بإدارتها، في حين أن شركة (أويو رومز) ستقوم بتسويق وخدمة المنازل.

وتتركز العقارات التي تم توقيع الاتفاقية بشأنها في العديد من المجمعات الفاخرة في المدينة، ومن ضمنها مرسى دبي ونخلة جميرا.

وصرح براناف ميهتا، المدير الإقليمي للإمارات وسلطنة عمان لدى أويو آرابيا قائلاً: "إن هذا المشروع يُمثل فرصة متميزة للشركتين للاستفادة من نقاط قوتهما، بدلاً من التنافس على الحصة السوقية ذاتها."

وتُعد شركة أويو رومز أحد أكبر شركات الضيافة في قارة آسيا والثالثة على مستوى العالم، وتنتشر أعمالها المختلفة في ما يزيد عن 800 مدينة داخل أكثر من 80 دولة، من ضمنها الولايات المتحدة الأمريكية، وقارة أوروبا، والمملكة المتحدة، والهند، وماليزيا، ومنطقة الشرق الأوسط، وإندونيسيا، والفلبين، واليابان.

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