REVEALED: Top 16 projects launched in September 2024

As we enter the final quarter of 2024, the Middle East is experiencing a noticeable uptick in project launches, signaling a strong push to capitalise on the year’s momentum before it comes to a close.

This month, the spotlight was on several major developments that cater to a diverse range of needs, from urban living solutions to futuristic infrastructure.

While September’s project lineup spans various sectors, there has been a distinct emphasis on residential developments. This trend likely stems from an increasing demand for housing as more expatriates and nationals settle into the region, particularly in cities like Dubai, Riyadh, and Abu Dhabi, which continue to attract global talent and investment.

Some of the developers that took the spotlight this last month include Dar Global, One Development, SOL Properties, Danube Properties, Meraas, Binghatti Properties and many more.

Please note that this list is not a ranking.

1.?Ellington Properties: Playa Del Sol

Type: Coastal retreat

Features: Private jetty yacht, clubhouse, children’s play area, squash court, yoga studio, and spa facilities

Dubai developer?Ellington Properties?has announced the launch of Playa Del Sol, its second residential project on Al Marjan Island and fourth in Ras Al Khaimah.

The development is scheduled for completion in the fourth quarter of 2027, following the success of its previous project, Cala Del Mar.

Playa Del Sol aims to offer residents a blend of serene surroundings and curated lifestyles, positioned as a unique seaside retreat. The development, located adjacent to the Wynn Resort, features a range of residential options, including studios, 1, 2, and 3-bedroom apartments, as well as 3-bedroom duplexes, 4-bedroom penthouses, and a 4-bedroom villa.

Click here to read more.

2.?Dar Global, Mouawad: Exclusive residential project

Value: $235 million

Details: To house 200 luxury villas

Scheduled completion: Q4 2026

Dar Global, a London Stock Exchange-listed international real estate firm, has formed a landmark partnership with luxury jeweller Mouawad to launch an exclusive SAR 880 million (GBP 180 million) residential project in North Riyadh, near the World Expo 2030 site.

This high-profile collaboration marks?Dar Global’s first foray into the Saudi market, a significant step in its international expansion journey. For Mouawad, the project represents its entry into the luxury residential sector, leveraging its renowned craftsmanship to explore new horizons.

Scheduled for completion in Q4 2026, the development will feature 200 luxury villas, establishing itself as one of Riyadh’s most prestigious addresses.

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3.?LMD: The Pier Residences

Type: Luxury residential project

Value: $204 million

Features: Padel court, Jogging and walking tracks, lounge, and children’s play area.

LMD, a renowned real estate developer with a global footprint in Spain, Greece, and Egypt, has announced the launch of its latest project, The Pier Residence, in Dubai Maritime City.

With an investment of AED750 million ($204 million), the development will feature 274 luxury residences, including one-, two-, and three-bedroom apartments, with select units offering private pools. The project is expected to be completed by Q2 2027.

The Pier Residence promises a refined lifestyle, blending modern elegance with top-tier design finishes. Residents will enjoy stunning views of the Arabian Gulf and the iconic Downtown Dubai skyline. Its prime location within Dubai Maritime City provides easy access to key areas like Downtown Dubai and Jumeirah, making it an ideal choice for those seeking connectivity and convenience.

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16. Binghatti Properties: Binghatti Royale

Type: Residential tower

Value: $163 million

Features: Infinity pool, private suite pools, multi-purpose lawn, paddle and tennis court, and a juice bar

Dubai-based property brand Binghatti has announced the launch of Binghatti Royale in Jumeirah Village Circle (JVC).

The launch comes in response to the soaring demand for Binghatti projects in the area following the rapid sell-out of back-to-back projects, some recording sell-out periods as quick as 24 hours.

Binghatti Royale features a unique circular architectural identity. The building features 354 residential units ranging from one- to three-bedroom apartments and 16 retail spaces across 47 floors.

Click here to read the complete list of Top 16 projects launched in September 2024

CW Awards Middle East 2024 - Deadline Extended

The deadline to submit nominations for the CW Awards Middle East 2024 has been extended to 3pm on Wednesday, 9 October, 2024.

With nominations open free of charge and for multiple categories, this is your chance to highlight the talent and innovation that contribute to the region’s dynamic construction landscape. Don’t miss the opportunity to showcase your achievements and be recognised among the best in the industry!

Here’s what you need to know about the various categories you can nominate for.

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