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Eye on the UAE: Upcoming Rental Properties to Watch Out For

The UAE has witnessed a tremendous increase in real estate projects bringing with them beautiful rental properties, which has real estate companies in Dubai and Sharjah poised for another great quarter.

1. AURA RESIDENCE

Downtown Jebel Ali will soon welcome a new addition to its skyline with Aura Residence, which will be completed in late 2018. The building’s rugged 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 gigantic property will have 479 residential units comprising 347 studio apartments, 87 one-bedroom apartments and 43 two-bedroom apartments.

2. SHARJAH AL BAIT

Sharjah hasn’t seen a luxury resort open for quite some time, which has people eagerly awaiting Al Bait’s big debut this year. A unique interpretation 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 set trends, sporting traditional themes like handmade thatched roofs and Bedouin-style enclaves. The luxury rooms and suites will be connected to Souq Al Arsah, which is the oldest traditional market in the UAE.

3. EWAN RESIDENCES

The month of May will see the Dubai Investment Park area teeming with 51 new units at Ewan Residences. The area already consists of 83 completed buildings and will soon have three G + 2 accommodations.

Meanwhile, as part of ‘The Waves’, developer Lootah Real Estate has announced its August delivery. Located in Jumeirah Village Circle with a total of 135 units, ‘The Waves’ will contain a combination of one and two bedroom units and one bedroom loft apartments, ranging from 45.1m2 to 185.8m2.

4. LOOK OASIS

Imagine an area with luxurious units as far as the eye can see. With over 1,300 contemporary townhomes available as a cluster or townhomes, 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 patios with 3- and 4-bedroom options. Resident clubs will contain a pool, spa and gym.

Divided into phases, the first three will be completed in December.

5. HOTELS OF THE TIME

Continuing a streak of hotel builds in Saudi Arabia, Qatar and Bahrain, Times Hotels will enter UAE real estate possibly by the end of the year. 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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