Real estate

UAE - Mubasher: Azizi Developments, a leading private developer in the UAE, announced the launch of new units at its Creek Views project in Dubai Healthcare City.

The official launch is set to take place next Saturday, 14 September 2019, at the FIVE Palm Jumeirah Hotel, according to a press release.

Construction work at Creek View’s 100% freehold residences is 24% complete, Azizi Developments noted.

Creek View’s 100% freehold residences are in perfect alignment with the rising demand for residential projects in Dubai Healthcare City Phase 2, which is rapidly coming to life., with 24% of its construction already having been completed.

Situated on the iconic Dubai Creek in Dubai Healthcare City, the 20-storey development features 634 residences, comprising 396 studios, 218 one- and 20 two-bedroom units, a 33,341-square-feet of premium retail space.

Farhad Azizi, CEO of Azizi Developments, said: “This exceptional development is one of the very few freehold residential projects in the second phase of Dubai Healthcare City, and perfectly caters to the high demand for quality homes in this blossoming area. Creek Views embodies the rapid progression and forward-looking spirit of the great city of Dubai.”

Prices start at AED 522,000 for studios, while the prices of one- and two-bedroom units start at AED 848,000 and AED 1,756,000 respectively.

Azizi Developments offers buyers an attractive payment plan for Creek Views, upon which they can pay only 1% on booking, followed by 13% 14 days after booking, 10% 45 days after booking, 2.5% every following month, and the remaining 50% upon completion.

Residents of Creek Views will enjoy a luxurious lifestyle with amenities including an all-inclusive health club, comprising a swimming pool, a fully-equipped gym, a sauna, a steam room, and a serene outdoor yoga space.

Dubai – Mubasher: Emaar Properties, a leading global real estate developer based in the UAE, was ranked the 14th among the world’s strongest real estate firms in 2019, according to a recent report by Brand Finance.

The brand value of Emaar was estimated at $2.7 billion (around AED 9.9 billion), which is the most valuable brand on Brand Finance’s real estate ranking for 2019, the report showed.

The property developer, listed on the Dubai Financial Market (DFM), is expected to maintain boosting its brand value due to its large-scale projects, such as the Dubai Mall, the world’s largest shopping centre, and the Burj Khalifa, the world’s tallest building, the report highlighted.

Last week, Emaar Properties revealed it had raised $500 million from the sale of the 10-year US dollar-denominated sukuk.

In August, the real estate giant said it had logged a net profit of AED 3.110 billion ($847 million) for the first half of 2019 and generated revenue of AED 11.569 billion ($3.150 billion) for H1-19.

Dubai – Mubasher: Emaar Properties has signed the final terms of issuing $500 million trust certificates.

These certificates carry an annual return of 3.875% and will be matured in 2029, according to a disclosure to the Dubai Financial Market (DFM) on Tuesday.

Emaar Properties clarified that this disclosure comes with reference to the announcement on 3 September that covered the arrangement of “fixed income investors meeting in Singapore, Hong Kong, and London on 6 September regarding the possible offering of a USD Regulation S senior unsecured sukuk with a 10-year tenor offering under the company’s $2 billion Trust Certificate Issuance Programme.”

Dubai – Mubasher: Emaar Properties, a global leading real estate developer based in Dubai, announced the appointment of Standard Chartered Bank as sole global coordinator and Dubai Islamic Banks as Shariah advisor.

The two banks will be acting along with Deutsche Bank, Emirates NBD, First Abu Dhabi Bank, Mashreq Bank, and Sharjah Islamic Bank as joint lead managers and bookrunners to arrange fixed income investor meetings, the property developer said in a statement to the Dubai Financial Market (DFM).

The meetings will be held in Singapore, Hong Kong, and London as of 6 September 2019, according to the statement.

Following the organisation of these meetings, a USD Regulation S Senior Unsecured Sukuk issuance with a 10-year tenor offering under Emaar’s $2 billion Trust Certificate Issuance Programme may take place subject to market conditions, the company highlighted.

“Emaar Properties acts in the capacity of obligator under the programme,” the statement noted.

It is worth noting that in the first half of 2019, Emaar Properties logged a net profit of AED 3.110 billion for and generated revenue of AED 11.569 billion for H1-19.

Samana Developers to deliver AED 100m project in Dubai by Q4-21

Samana Developers, a Dubai-based subsidiary of Samana Group, plans to deliver its second real estate project Samana Hills in Dubai by the fourth quarter of 2021.

The five-storey project will feature 205 residential units comprising studio to two-bedroom apartments at Arjan, near the Miracle Gardens, according to a press release.

It is worth noting that Samana Developers previously launched the AED 100 million freehold property Samana Hills in Dubai.

Prices of the residential units at the project start at AED 399,000 for studios and AED 599,000 for one-bedroom apartments, with a payment plan of 1% per month payment scheme for a 90-month period, following 10% down-payment on purchase.

The development is expected to be completed in two and a half years when the rental income starts to kick in, the release noted.

Located in near proximity to the Miracle Gardens, residents of Samana Hills will have easy access through two major expressways; Al Khail Road and Mohammed Bin Zayed Road, to the major attractions within Dubai.

Bloom Properties on Tuesday announced it has begun the handover residential units at Soho Square on Saadiyat Island in Abu Dhabi to home owners and investors.

Soho Square comprises 304 high-end residences, ranging from studios to three-bedroom apartments, duplex apartments, and a penthouse, according to a press release.

Located in close proximity to New York University Abu Dhabi, the development is inspired by the Soho district in New York City and aims to offer residents a trendy lifestyle.

Soho Square, the second development by Bloom Properties on Saadiyat Island, will feature a number of restaurants and retail outlets, as well as excellent community facilities such as a swimming pool, a children’s play area, a medical clinic, and a modern fitness center.

Jeremy Lester, acting CEO of Bloom Holding, said: “The handover of Soho Square demonstrates our commitment to delivering high quality residential communities in desirable locations. We have witnessed a high demand for quality urban housing with high-end amenities, and this mixed-use project caters to both home owners and investors due to its prime location and attractive rental yields.”

Moreover, Bloom Properties has recently commenced the delivery of 207 units at the highly sought-after Park View development.