The UAE’s real estate sector continues its growth in the month of September. From new projects to multiple developments, the month has been exceptional for the sector. Alongside developments, a number of maintenance projects have also been completed in September aiding in the beautification of the Emirate.
Let’s take a look at some of the top UAE real estate news from September 2024.
September UAE Property News 2024
Similar to real estate news from August, we have brought you some insights from the month of September. Following are the top new property and infrastructure project news in UAE.
Ghaf Trees Maintained to Increase Aesthetics
The Abu Dhabi Municipality has launched the ‘Ghaf: The Symbol of Our Environment’ initiative to preserve nature and enhance green spaces across the Emirate.
Under the initiative, Ghaf trees across the city have been trimmed and pruned increasing their aesthetic appeal. A specialised team has been appointed to maintain around 250 Ghaf trees.
Over 248,000 Digital Transactions Completed in Abu Dhabi
Abu Dhabi City Municipality has successfully completed 248,000 by the middle of August 2024. The completion of digital transactions reflects the convenience and ease of customer journeys offered by different government apps and websites.
Platforms like TAMM Abu Dhabi have played a major role in increasing this number and also ensuring customer satisfaction. That said, customer satisfaction reached 90% from the start of the year. Amidst these transactions, only 1% have been completed through conventional methods and 99% have been digital.
Off-plan Villa Sold for AED 125 Million in Jumeirah Bay Island
On the Billionaires’ Island of Dubai, an off-plan villa has been sold for AED 125 Million ($34 Million). The villa will be located in Sea Mirror Community which will feature 18 exclusive homes. Estimated to be completed in 2026, the villa will have 5 bedrooms and a covered area of 15,000 sq. ft.
Besides, here are some other off-plan projects in luxury areas of Abu Dhabi that you can choose from.
Aldar and Hilton Join Hands for Waldorf Astoria – First in Abu Dhabi
Aldar, one of the leading real estate developers in Abu Dhabi joined hands with Hilton to construct Abu Dhabi’s first Waldorf Astorai. The Waldorf Astoria will be located near the eastern mangroves of the Capital City featuring hotels and resorts. The project will feature 167 luxury rooms with mangrove views, enticing culinary options and seamless service.
Besides Waldorf Astorai, Aldar has also planned to invest around AED 1.5 Billion in the hotel industry. According to the plan, the whole Yas Plaza will be revised and will be turned into six hotel complexes. Furthermore, Aldar’s hotel in the Al Dhafra region will also be updated.
AED 1.8 Billion Project Awarded to Nakheel for Como Residences Construction
Nakheel has awarded ALEC Engineering & Contracting LLC a construction project worth AED 1.8 Billion for Como Residences. This 75-storey tower will stand over 300 metres, featuring 81 residences, a maximum of two on each floor.
Located in Palm Jumeirah, the tower will have 2 to 7-bedroom apartments with views of Dubai’s iconic landmarks.
$8.17 Billion Joint Venture Created Between Aldar and Mubadala
Aldar and Mubadala have partnered for the construction of new projects across the capital city worth AED 20 Billion. This 60-40 partnership will result in the construction of different residential and commercial projects including AED 9 Billion retail platforms in Abu Dhabi. Moreover, 14 different assets will be purchased in different areas like Masdar City.
Main Contractors for the Construction of Meydan Announced
Woodland Residences by AMIS worth AED 425 Million will be constructed by Dar Al Aayan Contracting. Located in Meydan, the project is estimated to be handed over in 2026. With its ideal location and modern lifestyle amenities and facilities, the project was sold out completely only 12 minutes after the announcement.
FAQs
What is the Billionaire’s Island in Dubai?
Billionaires’ Island is a residential community with expensive units often purchased by Billionaires. In Dubai, Palm Jumeirah and Jumeirah Bay Island are often referred to as Billionaire’s Island.
Where can I buy luxury villas in Abu Dhabi?
Al Mushrif, Yas Island and Al Bateen are some of the areas offering luxury villas for sale. Here is the complete list of luxury areas to buy villas in Abu Dhabi.
Are there any more Nakheel off-plan projects?
Yes, Nakheel has announced multiple off-plan projects in Dubai. Here is the complete list of Nakheel off-plan projects to buy in Dubai.
These were all the UAE real estate news from September 2024. The announcement of new projects and continuous development reflects the positive growth of the industry. That said, the growth results in higher returns on investments and better investment opportunities. If you are also interested in availing these opportunities, browse through these properties for sale in UAE and choose an ideal unit for investment.
to know latest news from the auto market, read through our blog UAE auto news from September.
Stay tuned to dubizzle’s property blog for more real estate property news UAE.
