Arada, Sharjah’s renowned master developer, has entered Dubai real estate with its first launch at Jumeirah Golf Estates (JGE), as it capitalises on the high demand for luxury properties in Dubai. The first revelations of the project unveiled that it will be a fine selection of luxury villas and townhouses in the heart of one of the most sought-after addresses in the Emirate. After that, the developer intends to expand its services to new markets such as Saudi Arabia and Australia.
Jouri Hills by Arada
The Jouri Hills is Arada’s first project in Dubai, located at Jumeirah Golf Estates, offering luxury villas and townhouses. The project comprises 294 high-end properties in JGE, planned in close proximity to two world-class golf courses. Each property is uniquely designed to mark Arada’s presence in Dubai real estate market, with each villa providing premium facilities, and unmatched lifestyle amenities coupled with contemporary and nature-inspired designs.
The magnificent properties are already put on sale with prices for villas and townhouses ranging from AED3.5 million to around AED30 million, on average. It is notable that Arada bought a plot on the very famous Palm Jumeirah, earlier this year for a luxury project. Palm Jumeirah is one of the four neighbourhoods that promise high returns on investment in Dubai. Arada chose it for its first launch previously, but it has now been shifted to Q1, 2023. Jouri Hills will be Arada’s first launch in Dubai real estate market.
Project Plan
The Jouri Hills will feature around 300 standalone luxury properties in Dubai, which is already considered one of the most in-demand categories of Dubai real estate nowadays. However, to make its presence felt in Dubai and to outshine other conglomerates, Aradas requires to do a lot of topping up. The developer seems ambitious and determined about this launch and expects to generate sales worth AED2 billion from it.
The construction is announced to start mid next and is scheduled to be completed by mid 2025.
“For Jouri Hills, we acquired 2.3 million square foot as part of the JGE extension,” said Ahmed Alkhoshaibi, Group CEO of Arada. “We were always clear that Dubai would be our first market outside of Sharjah. We saw in JGE a mature location and with its two professional golf courses and other features, an ideal setting for ultra-luxury homes. Our Palm project is only off by a couple of months from our original plans, and that too will generate Dh2 billion in sales.”
Jumeirah Golf Estates – A majestic and wholesome golf community
Owing to its prime location, Jumeirah Golf Estates (JGE) provides one of the finest golf estates living in the city. It is also known for high-end community living and a celebrated lifestyle in Dubai real estate market. Though it is majorly known for luxury and ultra-luxury villas, but you can find several apartment buildings dotted across the master development. Most of the properties in Jumeirah Golf Estates are unique in design and built around Fire and Earth golf courses, which offer a unique backdrop to these properties.
Besides this phenomenal backdrop, the gated community offers landscaped gardens and open green spaces, world-class amenities including parks, jogging and cycle tracks, fitness centres and stunning landscaped grounds. In short, Jumeirah Golf Estates is one of the most beautiful residential communities boasting 16 different clusters offering a wide range of residential properties for sale in Dubai.
Luxury real estate – The highest grossing sector of Dubai real estate
When it comes to the luxury property sector in Dubai, the city continues to draw in wealthy local and international property buyers. Recently, several premium developers have launched ultra-premium projects in Dubai because robust demand conduces the launch of luxury projects in Dubai.
Arada plans expansion in international markets
After being fully settled in Sharjah and revealing its plans for Dubai real estate, Sharjah’s master developer Arada intends to wade through the possibilities in Saudi Arabia and in other international markets.
“In Sharjah, we are well settled with the three projects – Aljada, Nasma and Masaar. Early- to mid-next year, we will be in a position to confirm where that would be,” the CEO Arada said. The company also discussed its share in off plan properties in Sharjah, which is 70 per cent and has also been getting 30 per cent annual increase in sales since inception.
“So, the way we look at it, this does set us up nicely for expansion into new markets. As to how this will be financed, we are sure of the funding options available to us, and we will keep monitoring closely how future market cycles show up in demand,” the CEO stated further.
October 2022 remained one of the highest grossing month
Dubai real estate has seen new heights in terms of luxury properties demand, transactional volume and values of these transactions throughout 2022. In Q3 2022, the values of properties for sale in Dubai increased by 29 per cent, as transactions worth $35 billion were recorded.
Upon comparison to October 2021’s performance, it is revealed that Dubai real estate market showed a massive jump of around 62 per cent. Around 8,700 real estate transactions took place, while the sales volume increased by more than 60%. The total value of transactions recorded in Dubai real estate market was more than AED25 billion, which is almost double the value recorded in October 2021.
The number of ready apartments and off plan property transactions was around 6,500, which is also double the volume recorded in October 2021.
Conclusion
This is all about Arada’s Jouri Hills at Jumeirah Golf Estates, Dubai. Whether you intend to buy a luxury villa in this development or a luxury property anywhere in Dubai, you can discuss your investment plans with the team HFRE through a phone call at +971 4876 2473 or write us an email at info@hfre.ae. We assure you that one of our sales representatives will get back to you within 24 hours.
