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Tag: luxury residential

  • Palm Jumeirah Villa Sells for Dh260 Million in Latest Luxury Deal

    Palm Jumeirah Villa Sells for Dh260 Million in Latest Luxury Deal

    The completed villa spans approximately 2,466.7 square metres (26,550 square feet) and was purchased at roughly Dh9,792 per square foot, according to Dubai Land Department data reviewed on Tuesday.

    A second villa in the same ultra-luxury Ayumi development was mortgaged for Dh130 million on the same day, underscoring continued large-scale financing activity in Dubai’s prime residential segment.

    The transactions contributed to a Dh1.2 billion trading day across 339 property deals recorded in early September trading, as Dubai’s real estate market maintained strong momentum at the start of the new month.

    Record-breaking week for luxury sales

    The Palm Jumeirah sale follows another wave of high-value activity days earlier. On August 28, a villa in the Burj Khalifa area sold for Dh725 million, while a second property in the same area was mortgaged for Dh471.3 million, bringing combined value to nearly Dh1.2 billion.

    Both Burj Khalifa-area properties covered approximately 379,000 square feet. The Dh725 million sale valued the property at around Dh1,914 per square foot, while the Dh471.3 million mortgage worked out at approximately Dh1,244 per square foot, according to Dubai REST data.

    That Friday session saw Dubai property sales reach Dh1.3 billion across 185 transactions, with mortgages totalling Dh684 million across 44 deals.

    Context and market trajectory

    The Ayumi project on Palm Jumeirah is positioned among Dubai’s most exclusive residential addresses, catering to ultra-high-net-worth buyers seeking beachfront living with direct access to the emirate’s luxury hospitality and retail infrastructure.

    The latest transactions add to a sustained pattern of large-ticket sales that have defined Dubai’s 2026 property market. Residential sales reached AED34.9 billion in July 2026, a 5.2 percent monthly increase, as buyers returned to the secondary market and developers maintained pricing discipline.

    The concentration of Dh100 million-plus transactions in established luxury communities reflects continued confidence among high-net-worth investors in Dubai’s long-term residential value proposition, particularly in waterfront and landmark-adjacent locations.

  • BEYOND Developments Unveils EVERMORE Master Plan on Marjan Beach

    BEYOND Developments Unveils EVERMORE Master Plan on Marjan Beach

    The announcement, made on February 13, 2026, marks BEYOND’s inaugural venture outside Dubai and introduces a French-inspired waterfront development spanning over 7 million square feet of gross floor area. The project is positioned opposite Wynn Al Marjan Island on one of the emirate’s most strategic beachfront plots.

    Mahdi Amjad, Founder and Executive Chairman of BEYOND Developments, emphasized the significance of the launch:

    “Ras Al Khaimah is witnessing a new phase of development, underpinned by disciplined planning, rising global relevance and the long-term vision of its leadership whose support has been instrumental in enabling our entry into the emirate. EVERMORE stands as a defining milestone in our journey, marking our first expansion outside Dubai and first destination in Ras Al Khaimah.”

    The master plan introduces 250,000 square meters of landscaped open spaces, including a central botanical garden, designed as a fully pedestrian-oriented development. Shaded walkways and green connections link the botanical garden to 3.5 kilometers of accessible beachfront, prioritizing walkability and resident well-being.

    EVERMORE integrates residential, hospitality, and retail components, including 1 million square feet of hospitality and branded residential offerings. The destination features a festival and events plaza, botanical souqs, an F&B village, and a continuous beachfront promenade, forming a self-sustained cultural and leisure district.

    Abdulla Al Abdouli, Group CEO of Marjan, highlighted the project’s importance:

    “As the second-largest master plan within our portfolio, it strengthens Marjan Beach’s evolution as a destination where lifestyle, hospitality, and nature come together to shape the future of the emirate. This master plan adds a meaningful new layer to the beach’s evolution and strengthens its positioning as a global lifestyle and investment destination.”

    The architectural vision draws inspiration from French classical design, reinterpreting proportion, symmetry, and spatial order through a contemporary lens. Cascading buildings are arranged to maximize uninterrupted sea and landscape views, with wind-flow strategies, shaded pathways, dense greenery, and pedestrian bridges ensuring year-round comfort.

    The unveiling took place through an immersive launch experience featuring light installations, layered soundscapes, and theatrical storytelling, translating the spirit of the master plan into a sensory narrative for attendees.

    EVERMORE is designed to contribute meaningfully to the Ras Al Khaimah Vision 2030, aligning with the emirate’s evolving urban and economic development strategy. The project’s scale and positioning reflect growing confidence in Ras Al Khaimah’s real estate investment landscape, as developers increasingly look beyond Dubai’s saturated markets.