The Dubai property market never fails to impress by bringing out hit projects one after the other. We have passed the mid of 2022 and the market, as expected, is constantly putting out great choices for investors and buyers. Similarly, the month of May was another engaging one with multiple launches.
Upcoming Projects and Plans:
Following are the projects and plans which were set on in May. You can choose any of these great options.
Branded by De Grisonogo, Safa One is one of the most famous May 2022 launches of Dubai. Damac Properties own the credit for the launch of this luxurious green twin tower which has quickly caught the eyes of buyers and investors.
Along with unobstructed views of the Atlantis, Burj Al Arab and Palm Jumeirah, Safa One offers numerous amenities like private pools and a rooftop tropical island. It is located near Safa Park off Sheikh Zayed Road. Nearby well-known landmarks include Boxpark Dubai, Jumeirah Beach and City Walk.
This project is going to be completed in 2026. It offers a four-year extended payment plan and mortgage option. You can pay 75% in the course of construction and 25% on handover. Luxury apartments of 1 to 3 bedrooms are available. A single-bedroom apartment will cost you AED 1.6M, while a double-bedroom apartment will cost AED 2.7M.
Launched in May 2022, Gemz is a new residential project by “Danube Properties”, one of the leading property developers in Dubai.
Through Gemz, you can rediscover luxury while residing in the heart of Furjan. With a mesmerizing pyramid-shaped construction, it carries 270 spacious apartments and 30 catchy amenities. The location is close to Discovery Gardens, Ibn Battuta Mall and Al Maktoum International Airport.
Facilities include private swimming pools an open-air cinema to sky deck and smart offices. Residents can enjoy built-in gardens, saunas, party halls, gyms, salons and a lot more. Once accomplished, this AED 350M project is the forthcoming landmark.
While talking about this project, the Founder and Chairman of the Danube group mentioned his plans for processing of golden visas for those investors who would achieve the AED 2M, 5M or 10M investment threshold.
The Oxford Terraces:
As the end of May 2022 approached, IMAN Developers launched their AED 72M worth project, called “The Oxford Terraces”.
Located in Jumeirah Village Circle, The Oxford Terraces offer 117 luxurious apartments featuring decks, a double-height lobby, a cabana, a well-furnished gym, a garden area and pools. Apartments there encompass 58 studios, 51 single bedroom flats and 8 double bedroom flats.
Studio apartments are stretched over an area of 400 to 500 sq. ft and these cost between AED 455k – AED 550k. Single bedroom flats constitute an area of 680-950 sq. ft with a cost range of AED 680k to 850k, whereas double bed flats are worth AED 1M to 1.4M while comprising 1000-1800 sq. ft area.
The payment plan for “The Oxford Terraces” allows you to pay
- On booking: 10%
- On 20% milestone completion: 10%
- On 40% milestone completion: 10%
- On 60% milestone completion: 10%
- On full completion and handover: 60%
Other recent projects include “Najd Al Meqsar Village Project” and “The Serai Wing Project” launched by Sharjah Investment and Development Authority. This authority is also known as ‘Shurooq’.
Najd Al Meqsar Village Project:
The Najd Al Meqsar Village Project is the second ambitious restoration plan of Shurooq. This project targets converting 13 houses of the 100-year-old village into lavish hotel-style apartments. Earlier on, they were restored by a bigger revitalization project of the Wadi Shie archeological site by ‘Mubadara’.
Up to this point, the Meqsar Fortress, 7 hotel units, a mosque, a barbecue and outdoor areas are completed. This project also includes a development plan of 9 villas with pools, horse riding tracks, hiking trails, club car tracks and other amenities.
Serai Wing Project:
The Serai Wing Project aims to transform a 19th-century house, situated in the heart of Sharjah, into a 12-key section of The Chedi Al Bait Hotel. The original house was of a pearl merchant named Bait Khalid bin Ibrahim. The project is due in the last quarter of 2022.
This architecture will offer a distinctive and traditional encounter of Emirati life. You can experience how families in Sharjah used to live 100 years ago.
Through these two and other projects, Sharjah Investment and Development Authority is redefining luxurious heritage-inspired hospitality.
Robinia Residence Project:
Another piece of news from real estate is the launch of the first residential project in Masaar. It is set up by Arada, a developer based in Sharjah. Arada put out two contracts worth AED 460 million for the development of the Robinia project.
Settled between lush green sceneries, Robinia is the latest residential community which is located at Masaar, woodland in the surroundings of Sharjah. It is a forest design community that gives you insights into a green and healthy lifestyle. The construction connects well to the Sharjah main area so that residents have easy access to all facilities while enjoying a life free of the hustle and bustle of the city.
A 6.6km track for running and cycling, surrounds the community. The project offers townhouses with 2 to 4 bedrooms and forest villas with 4 to 5 bedrooms. You can pick houses with either cool-toned or warm-toned exteriors.
It was all about the May 2022 launches of Dubai real estate. Now, as you can tell, the emirate had a fairly large number of new projects in the previous month.
Do you want to look for your new dream home or a handsome investment in the real estate of Dubai? “The Next Level Real Estate Company” is here for you! All you need to do is to contact us and we’ll help you throughout the process!