UAE developer Arada has launched a Dh5 billion ($1.36 billion) project in Dubai including residential, retail and leisure facilities, as demand for luxury property continues to soar in the emirate.
The three-tower luxury seafront development, W Residences at Dubai Harbour, has been unveiled in collaboration with Marriott International, the developer said in a statement on Tuesday. It features 400 branded apartments, ranging from one-bedroom units to five-bedroom homes that include rooftop penthouses with pools.
The three towers will be connected by a podium featuring amenities such as “Dubai’s longest infinity pool, at 200 metres” offering a sea view towards Ain Dubai, a residents' lounge, a music recording studio, a sports simulator room, a games room and an in-house cinema. The complex will also have a fitness centre, a yoga and Pilates studio, a wellness spa, guest suites, co-working spaces and a children's club. The project is set to be completed in 2027, Arada said.
W Residences at Dubai Harbour will add “another new luxury destination” to “Dubai’s iconic skyline”, said Prince Khaled bin Talal, vice chairman of Arada.
Dubai’s property market has recorded strong growth amid wider economic momentum in the UAE, with investors snapping up new units.
The emirate recorded 18,038 transactions in September – a monthly high – with residential sales accounting for 95 per cent of those deals, Property Monitor said in a report this week.
Transactions last month surpassed the previous record of 17,139 set in May, “highlighting continued growth – and confidence – in the sector, which is on track for 30 per cent year-on-year growth by the end of the year”.
Total sales so far this year have exceeded 131,000 – just under 2 per cent less than for the whole of 2023, the report found.
The demand for luxury property in particular has been soaring: the number of home sales in Dubai for units priced at more than $10 million rose 8.2 per cent quarter-on-quarter to 92 deals, provisional third quarter data from consultancy Knight Frank showed. The average sales price stood at $15.3 million.
Meanwhile, home listings for the segment fell to 1,622 this year from 3,316 between the first to the third quarters of 2023, highlighting “the fast pace at which luxury units are being sold and not returning to the market” due to the “buy-to-hold” and “buy-to live” mentality that is prevalent in Dubai’s luxury homes market, Knight Frank said.
In the second quarter, Dubai remained the top market globally for the number of sales of homes priced at more than $10 million, with 85 deals, according to Knight Frank. New York (72) and Hong Kong (61) ranked in second and third place, respectively.
Dubai Harbour – between Palm Jumeirah and Bluewaters, is home to two cruise terminals spanning 120,000 square metres, a vast marina, residential developments and leisure facilities. The district is also expected to benefit from a new bridge project that will link the area directly with Sheikh Zayed Road.
W Residences at Dubai Harbour is Arada’s third project in Dubai, following Armani Beach Residences at Palm Jumeirah and Jouri Hills at Jumeirah Golf Estates. The developer has launched projects with a total value of Dh60 billion and completed 10,000 homes so far.
UAE currency: the story behind the money in your pockets
Tearful appearance
Chancellor Rachel Reeves set markets on edge as she appeared visibly distraught in parliament on Wednesday.
Legislative setbacks for the government have blown a new hole in the budgetary calculations at a time when the deficit is stubbornly large and the economy is struggling to grow.
She appeared with Keir Starmer on Thursday and the pair embraced, but he had failed to give her his backing as she cried a day earlier.
A spokesman said her upset demeanour was due to a personal matter.
EA Sports FC 25
Developer: EA Vancouver, EA Romania
Publisher: EA Sports
Consoles: Nintendo Switch, PlayStation 4&5, Xbox One and Xbox Series X/S
Rating: 3.5/5
Killing of Qassem Suleimani
THE CLOWN OF GAZA
Director: Abdulrahman Sabbah
Starring: Alaa Meqdad
Rating: 4/5
UAE currency: the story behind the money in your pockets
Killing of Qassem Suleimani
ESSENTIALS
The flights
Emirates flies from Dubai to Phnom Penh via Yangon from Dh2,700 return including taxes. Cambodia Bayon Airlines and Cambodia Angkor Air offer return flights from Phnom Penh to Siem Reap from Dh250 return including taxes. The flight takes about 45 minutes.
The hotels
Rooms at the Raffles Le Royal in Phnom Penh cost from $225 (Dh826) per night including taxes. Rooms at the Grand Hotel d'Angkor cost from $261 (Dh960) per night including taxes.
The tours
A cyclo architecture tour of Phnom Penh costs from $20 (Dh75) per person for about three hours, with Khmer Architecture Tours. Tailor-made tours of all of Cambodia, or sites like Angkor alone, can be arranged by About Asia Travel. Emirates Holidays also offers packages.
%3Cp%3E%3Cstrong%3EDirector%3A%3C%2Fstrong%3E%20Nag%20Ashwin%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStarring%3A%20%3C%2Fstrong%3EPrabhas%2C%20Saswata%20Chatterjee%2C%20Deepika%20Padukone%2C%20Amitabh%20Bachchan%2C%20Shobhana%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ERating%3A%20%3C%2Fstrong%3E%E2%98%85%E2%98%85%E2%98%85%E2%98%85%3C%2Fp%3E%0A
Specs
Engine: Electric motor generating 54.2kWh (Cooper SE and Aceman SE), 64.6kW (Countryman All4 SE)
Power: 218hp (Cooper and Aceman), 313hp (Countryman)
Torque: 330Nm (Cooper and Aceman), 494Nm (Countryman)
On sale: Now
Price: From Dh158,000 (Cooper), Dh168,000 (Aceman), Dh190,000 (Countryman)
Scoreline:
Cardiff City 0
Liverpool 2
Wijnaldum 57', Milner 81' (pen)
How to watch Ireland v Pakistan in UAE
When: The one-off Test starts on Friday, May 11
What time: Each day’s play is scheduled to start at 2pm UAE time.
TV: The match will be broadcast on OSN Sports Cricket HD. Subscribers to the channel can also stream the action live on OSN Play.
Getting%20there
%3Cp%3EGiven%20its%20remote%20location%2C%20getting%20to%20Borneo%20can%20feel%20daunting%20even%20for%20the%20most%20seasoned%20traveller.%20But%20you%20can%20fly%20directly%20from%20Kuala%20Lumpur%20to%20Sandakan%20and%20Sepilok%20is%20only%20half%20an%20hour%20away%20by%20taxi.%20Sandakan%20has%20plenty%20of%20accommodation%20options%2C%20while%20Sepilok%20has%20a%20few%20nature%20lodges%20close%20to%20the%20main%20attractions.%3C%2Fp%3E%0A
England squad
Joe Root (captain), Alastair Cook, Keaton Jennings, Gary Ballance, Jonny Bairstow (wicketkeeper), Ben Stokes (vice-captain), Moeen Ali, Liam Dawson, Toby Roland-Jones, Stuart Broad, Mark Wood, James Anderson.
Rooney's club record
At Everton Appearances: 77; Goals: 17
At Manchester United Appearances: 559; Goals: 253
Things Heard & Seen
Directed by: Shari Springer Berman, Robert Pulcini
Starring: Amanda Seyfried, James Norton
2/5
Scores
Rajasthan Royals 160-8 (20 ov)
Kolkata Knight Riders 163-3 (18.5 ov)
Stree
Producer: Maddock Films, Jio Movies
Director: Amar Kaushik
Cast: Rajkummar Rao, Shraddha Kapoor, Pankaj Tripathi, Aparshakti Khurana, Abhishek Banerjee
Rating: 3.5
UPI facts
More than 2.2 million Indian tourists arrived in UAE in 2023
More than 3.5 million Indians reside in UAE
Indian tourists can make purchases in UAE using rupee accounts in India through QR-code-based UPI real-time payment systems
Indian residents in UAE can use their non-resident NRO and NRE accounts held in Indian banks linked to a UAE mobile number for UPI transactions
Killing of Qassem Suleimani
Election pledges on migration
CDU: "Now is the time to control the German borders and enforce strict border rejections"
SPD: "Border closures and blanket rejections at internal borders contradict the spirit of a common area of freedom"
SPECS%3A%20Polestar%203
%3Cp%3E%3Cstrong%3EEngine%3A%20%3C%2Fstrong%3ELong-range%20dual%20motor%20with%20400V%20battery%3Cbr%3E%3Cstrong%3EPower%3A%20%3C%2Fstrong%3E360kW%20%2F%20483bhp%3Cbr%3E%3Cstrong%3ETorque%3A%20%3C%2Fstrong%3E840Nm%3Cbr%3E%3Cstrong%3ETransmission%3A%20%3C%2Fstrong%3ESingle-speed%20automatic%3Cbr%3E%3Cstrong%3EMax%20touring%20range%3A%3C%2Fstrong%3E%20628km%3Cbr%3E%3Cstrong%3E0-100km%2Fh%3A%3C%2Fstrong%3E%204.7sec%3Cbr%3E%3Cstrong%3ETop%20speed%3A%3C%2Fstrong%3E%20210kph%20%3Cbr%3E%3Cstrong%3EPrice%3A%20%3C%2Fstrong%3EFrom%20Dh360%2C000%3Cbr%3E%3Cstrong%3EOn%20sale%3A%20%3C%2Fstrong%3ESeptember%3Cbr%3E%3C%2Fp%3E%0A
