Eye on UAE: Upcoming Rental Properties to Look Out for
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The UAE has witnessed tremendous increase in real estate projects bringing with them beautiful rental properties, that has real estate companies in Dubai and Sharjah geared up for another great quarter.
1. AURA RESIDENCE
Downtown Jebel Ali is soon to welcome a new addition to its skyline with Aura Residence which is due for completion towards the end of 2018. The building’s robust and modern look has been the talk of the town along with its convenient location near Dubai Metro’s UAE Exchange Station as well as the Expo 2020 site.
The gargantuan establishment will feature 479 residential units comprising of 347 studio apartments, 87 one-bedroom apartments, and 43 two-bedroom apartments.
2. SHARJAH AL BAIT
Sharjah hasn’t seen a luxury resort open up for quite some time which has people eagerly waiting for Al Bait’s grand debut this year. A unique rendition of a historic hotel, this 53-key five-star property will be an epicenter of the Emirate’s position as a heritage hotspot.
The hotel is expected to be a trendsetter, sporting traditional themes such as handcrafted thatched roofs and Bedouin styled enclaves. The luxury guestrooms and suites will be connected to Souq Al Arsah which is the UAE’s oldest traditional marketplace.
3. EWAN RESIDENCES
The month of May will see the Dubai Investment Park area brim with 51 new units in Ewan Residences. The area already consists of 83 completed buildings and will feature three G+2 accommodations soon.
Meanwhile, as part of ‘The Waves’, developer Lootah Real Estate has announced its delivery in August. Located in Jumeirah Village Circle with a total of 135 units, ‘The Waves’ will contain a mix of one- and two-bedroom units and one-bedroom loft apartments, ranging from 45.1m2 to 185.8m2.
4. MIRA OASIS
Picture an area with luxurious units as far as the eye can see. With over 1,300 contemporary townhouses available as a cluster or terraced houses, Mira Oasis is close to the Arabian Ranches Golf Club, Dubai Polo & Equestrian Club, and Global Village. All units have large balconies, modern fixtures, driveways and courtyards with options of 3 and 4 bedrooms. The Residents’ Clubs will contain a pool, spa and fitness centre.
Split into phases, the first three are to be completed by December.
5. TIME HOTELS
Continuing on a streak of hotel constructions in Saudi Arabia, Qatar and Bahrain, Times Hotels will be entering the UAE real estate possibly by the year end. The company will open three additional hotels in Dubai: Time Asma Hotel, Time Express Hotel Al Jaddaf, and Time Royal Hotel & Spa with Time Royal being the firm’s first five-star property in the Emirates.
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