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Tag: branded residences

  • Global Partners Secures $300 Million for Dubai Creek Gardens Development

    Global Partners Secures $300 Million for Dubai Creek Gardens Development

    The DFSA-regulated fund manager announced the milestone on August 12, 2026, as it continues to deliver on its inaugural fund’s portfolio, which includes the completed Eden House The Canal and the ongoing Eden House The Park development in Jumeirah.

    The two residential projects under Global Partners Property Fund I represent a combined gross development value exceeding Dh4 billion, delivering more than 500 residences along Dubai Water Canal. Eden House The Canal welcomed its first residents in 2026, while Eden House The Park remains on track for handover in September 2027.

    The capital raised for Global Partners Property Fund II will be deployed toward Dubai Creek Gardens, a master-planned development secured through an off-market acquisition in DHCC Phase 2 overlooking Dubai Creek. The location places the project alongside established addresses including Kempinski Residences The Creek, The Ritz-Carlton Residences, and the Swiss International Scientific School in Dubai.

    First Westin and Renaissance Residences in UAE

    Global Partners has partnered with Marriott International to bring the Westin and Renaissance brands to Dubai Creek Gardens, marking the first time these hospitality concepts will be applied to residential developments in the UAE.

    Westin Residences will centre on well-being and everyday comfort, while Renaissance Residences will be inspired by creativity, culture and contemporary urban living, offering residents two distinct lifestyle propositions within a single master-planned community.

    Connectivity and Community Design

    Dubai Creek Gardens is designed around liveability, well-being and long-term community value, with a focus on walkability, generous green open spaces, sports and recreational facilities, and direct waterfront access.

    The development will benefit from exceptional connectivity, with access to existing and future Metro stations on the Green Line and the planned Blue Line, alongside a new high-speed rail line connecting Dubai and Abu Dhabi in under an hour. A future water taxi station will offer a direct marine link to Dubai Creek Harbour and the wider Creek network, connecting to Al Jaddaf and Dubai Festival City.

    The project reinforces the momentum in Dubai’s branded residential segment, as developers increasingly partner with international hospitality groups to differentiate their offerings in a competitive market. Dubai’s property market has shown strength across all price segments in 2026, with leading developers recording robust sales volumes through diverse project portfolios.

    Global Partners Limited operates as a fund manager regulated by the Dubai Financial Services Authority and is working in partnership with H&H on its development projects.

  • AVENEW and Marriott to Launch Ritz-Carlton Residences on World Islands

    AVENEW and Marriott to Launch Ritz-Carlton Residences on World Islands

    The project marks AVENEW’s second collaboration with Marriott International and its debut on The World Islands, an archipelago of approximately 260 man-made islands located four kilometres off the Jumeirah coastline.

    The Ritz-Carlton Residences will be situated within the Hawaii Islands cluster and will feature a curated collection of villas and two- and three-bedroom low-rise residences designed as a private retreat combining exceptional design with world-renowned service.

    “The World Islands present a real estate opportunity that is genuinely rare. Limited by design, recognised around the world and continuing to evolve with every passing year,” said Rasha Hassan, managing partner of AVENEW Development. “We chose to make our debut on the island because we believe in the long-term potential and because it gives us the canvas to create the kind of destination AVENEW was founded to deliver.”

    The collaboration will bring The Ritz-Carlton’s service philosophy and refined hospitality to every residence, creating a living experience that combines design excellence with personalised service standards.

    Jaidev Menezes, regional vice president for mixed-use development at Marriott International’s EMEA division, emphasized the strategic importance of the location. “These exclusive branded waterfront homes set the standard for a rare and luxury island lifestyle which will reinforce the archipelago as a truly unparalleled destination in Dubai’s evolving luxury property market,” he said.

    The World Islands has recently attracted renewed developer confidence and significant hospitality commitments, positioning the destination among the region’s most compelling long-term real estate opportunities due to its fixed supply unlike any other development in Dubai.

    More details about the project will be revealed ahead of the sales launch scheduled for 2027. The development reflects AVENEW’s founding principles of thoughtful design, distinctive location selection and timeless quality, marking another addition to the company’s portfolio of distinguished Dubai addresses.

    The announcement comes as Dubai’s waterfront properties continue to attract premium valuations, with investors increasingly focused on exclusive island and coastal developments. The World Islands project aligns with broader market trends showing strong demand for limited-supply waterfront residential opportunities across the emirate.

  • Modon and Montage Launch Luxury Resort at Egypt’s Ras El Hekma

    Modon and Montage Launch Luxury Resort at Egypt’s Ras El Hekma

    The project, named Montage Ras El Hekma, will feature 200 guestrooms and suites alongside 96 branded residences available for purchase within the wider Ras El Hekma master development on Egypt’s Northern Coast.

    The resort will include beachfront swimmable lagoons, a Spa Montage facility with 13 treatment rooms, six dining venues, retail areas, event spaces and an owners’ clubhouse designed for residents. The branded residences will consist of villas ranging from three to six bedrooms located within Wadi Yemm, the first precinct of the Ras El Hekma development to enter active delivery.

    Bill O’Regan, Group Chief Executive of Modon Holding, said the partnership aligned with the company’s plans to position Ras El Hekma as a Mediterranean destination focused on tourism, lifestyle and long-term investment value.

    Montage International Founder and Chief Executive Alan Fuerstman described the Egypt launch as a milestone in the hospitality group’s international expansion plans. The project marks the start of a broader partnership between Modon and Montage, with the companies indicating potential future collaborations across other Modon destinations.

    Ras El Hekma is being developed as a mixed-use coastal city spanning 44 kilometres of Mediterranean coastline and covering 170.8 million square metres. The masterplan includes residential districts, tourism infrastructure, marinas, cultural venues, a business district and transport links connecting the destination by road, sea and air.

    The $35 billion development is expected to attract $110 billion in investment by 2045, contribute around $25 billion annually to Egypt’s gross domestic product, and generate approximately 750,000 jobs upon completion, according to project estimates.

    The announcement follows Modon’s strong performance in Abu Dhabi, where the developer recently sold out Tara Park with AED2 billion in sales, reflecting sustained investor confidence in the emirate’s property sector.

  • Ohana Development Records Dh6 Billion in Sales Within 72 Hours

    Ohana Development Records Dh6 Billion in Sales Within 72 Hours

    The sales performance of Manchester City Yas Residences by Ohana marks one of the strongest project launches in Abu Dhabi’s real estate history, with the waterfront community on Yas Canal achieving the record figure between March 14 and March 17, 2026.

    Investors formed queues at the sales launch, reflecting exceptional demand for the project. The buyer profile shows 35% Emirati nationals and 65% expatriate and international investors, demonstrating broad appeal across market segments.

    “We would like to express our sincere appreciation to the UAE government and its visionary leadership for fostering a stable and forward-looking investment environment,” said Husein Salem, CEO of Ohana Development. “This strong foundation continues to strengthen confidence among investors and developers, supporting the resilience and growth of Abu Dhabi’s thriving real estate sector, despite any evolving circumstances.”

    Salem added that the strong response and sales record in just 72 hours reflects continued trust from investors locally and internationally, as well as the appeal of the project’s unique offering in the emirate.

    In response to the significant interest, Ohana Development is expected to release additional inventory from the project soon.

    The development spans 1.67 million square meters, with more than 55% of the masterplan dedicated to landscaped gardens and green spaces. Designed around sport and active living, the community will feature integrated training and recovery facilities, alongside a waterfront promenade with retail, dining and lifestyle destinations.

    Manchester City Yas Residences will include a marina sports club with water sports activities, as well as resort-style amenities including fitness facilities and pools.

    The sales achievement comes as Abu Dhabi’s property market recorded strong weekly sales in early March 2026, demonstrating sustained investor confidence. The UAE capital has been accelerating its development pipeline, with nearly 75 million square meters approved in 2025, marking a 137% year-on-year increase.

    The record-breaking launch underscores Abu Dhabi’s growing appeal as a premium residential destination, particularly for branded developments that combine lifestyle amenities with strategic locations on the emirate’s most sought-after addresses.