Arada has launched the Jouri Hills project in Jumeirah Golf Estates, a bouquet of luxury villas, as it is its first project in the Emirate of Dubai.294 luxury homes next to two world championship golf courses.
Arada has unveiled its first project in the Emirate of Dubai by announcing the launch of the Jouri Hills project in Jumeirah Golf Estates, a bouquet of luxury villas in the heart of one of the most attractive residential and entertainment destinations in Dubai. Spanning an area of 40 million square feet, the mammoth Jumeirah Golf Estates includes 294 luxury homes adjacent to two world championship golf courses, and offers an exceptional modern living experience with modern designs inspired by nature and a bouquet of service facilities to the highest standards international standards.
The residential options in Jouri Hills, Jumeirah Golf Estates range from 3-bedroom townhouses to luxurious 6-bedroom mansions. All homes feature modern architectural designs that benefit from natural light, with floor-to-ceiling windows and double heights. and clever. home technologies, and the stand-alone villas include private swimming pools, while the mansions in the project are characterized by areas of more than 14,000 square feet within four floors with underground parking and basement floors with flexible plans dedicated to leisure and fitness facilities and an English -style outdoor patio dedicated to outdoor recreational activities. .
Residents of Jouri Hills will benefit from the exceptional amenities offered by Jumeirah Golf Estates, which in total include more than 1,800 luxury homes, two world championship golf courses, the clay court and the firing range, in addition to the European Tour Performance Institute (ETPI) ). which is only second in the world and the only one of its kind in the Middle East, residents will also have two shopping centers within Jumeirah Golf Estates, in addition to a community club that includes private pools, an integrated fitness club, tennis and paddle courts , and a range of luxury restaurants and cafes.
His Royal Highness Prince Khalid bin Alwaleed bin Talal, Vice Chairman of Arada, commented: “This expansion into the luxury real estate market in Dubai confirms Arada’s position as the fastest growing real estate developer in the region. Jouri Hills villas allow us, This is the latest residential phase in Jumeirah Golf Estates, a unique opportunity to showcase the quality and exceptional design elements of Arada to a new audience of those interested in the Dubai real estate market.
His Highness added, “Jouri Hills Villas is only the beginning of our journey in the Dubai market as we are currently busy announcing other plans for new projects that take advantage of the strong and promising performance of the local markets. “
For his part, Ahmed Al-Khushaibi, Group CEO of Arada, said: “The Jouri Hills project in Jumeirah Golf Estates is in line with our record of offering the best real estate communities in the most beautiful locations, as its master plan is. is distinguished by its exceptional designs in one of the most attractive locations in Dubai, and due to the demand With the growing demand for this type of luxury property in the emirate, we expect a strong response from investors and buyers in a modern society that benefit from the distinction and fame of Jumeirah Golf Estates.”
The Jouri Hills project is characterized by its own community garden, which includes a variety of sports facilities, including running and cycling tracks, swimming pools, and a fitness center under the management of the growing brand, Welift, a subsidiary of Arada. Construction work will begin in Jouri Hills in 2023, where the first package of houses is expected to be handed over to the owners in the project by June 2025.
The new project was announced on the sidelines of Arada’s participation in Cityscape Dubai, the largest real estate event in the region, dirhams, with a sales value of 8.6 billion dirhams to date.
It should be noted that the Dubai real estate market has been characterized by exceptional performance during the past few months. Data issued by the Dubai Land Department for the month of September showed an increase in the value of property sold by 52%, amounting to 24.4 billion dirhams, compared to the same period last year. sold so far this year amounted to 184.2 billion dirhams, compared to 129.7 billion dirhams during the whole year 2021.
In an effort to capitalize on the growing demand in this market, Arada previously announced the purchase of its last major beachfront lot in Palm Jumeirah, Dubai, where the company is working on the conceptual design of the luxury mixed-use community to complete what he is going to develop. there, and the launch of sales is planned for the Palm Jumeirah project during the first quarter of 2023.
It is worth noting that Arada was founded in 2017, and since then the company has launched three major projects in the Emirate of Sharjah that have received wide positive feedback, namely: Aljada, Masar and Nasma Residences, and the company has sold nearly 11,000 homes . in these projects so far. The property developer has also completed 2,600 residential units, in addition to another 7,500 units currently under construction. The company is currently targeting an annual increase in its sold property portfolio by 25% during 2022 to reach 3 billion dirhams, as it recently raised financing of $450 million in the form of sukuk listed on the London Stock Exchange, and during 2022 , Arada achieves for the first time It is the first since its inception to have high credit ratings by Moody’s and Fitch International, making it one of the first startups to achieve such a feat in the UAE.