Al-Futtaim Group Real Estate launches Al Badia Terraces
Project aims to grow the established residential community of Dubai Festival City and Al Badia
Al-Futtaim Group Real Estate has launched Al Badia Terraces, a new residential development in Dubai Festival City’s Al Badia district. The project is expected to be completed in 24 months and is to feature a complex of residential mid-rise towers with ‘ample indoor amenities’.
According to the master developer, the project will consist of 132 one-bedroom units, 193 two-bedroom units and 26 three-bedroom units. The design of the project is said to be inspired by the green landscapes in the surrounding district, and is named to bring its residents closer to nature, with four public roof gardens and four lush public lounges located at the podiums.
Abdallah Hageali, Group Director – Mixed Use at Al-Futtaim Group Real Estate said: “Al Badia Terraces is carefully designed to cater to Dubai’s growing demand for high-quality real estate, in vibrant destinations, at the heart of the city, and value prices. The development is in line with Al-Futtaim Group Real Estate’s aim to develop projects that support the growing real estate market whilst meeting diversified and rapidly fluctuating needs of residents and tenants.”
Designed to bring the community closer through seamless experiences, the project is close to Deira International School, Universal American School, Dubai Festival City Mall, Intercontinental DFC, Crowne Plaza, Holiday Inn, and Festival Tower that reside in the destination, the statement noted.
It also said that the project will nurture a local community spirit by bringing its residents closer to everything that Dubai Festival City has to offer.
Abdallah added, “With the increasing inflow of expatriates, Dubai’s growing population and the overall uptick in the economy post the recovery from the pandemic has led to the rise of interest in rental units. The project is perfect for young families, senior executives, business owners who seek to stay closer to their workplace, children’s school, international airports, sports and wellness activities such as gyms, playgrounds and their favorite retail outlets.”
Early in June 2022, Allsopp & Allsopp said that May 2022’s real estate sales volume and value in Dubai were the second highest on record. Later in the month, real estate brokerage Union Square House said a quarter of homebuyers in Dubai are on the hunt for living spaces that provide mental health benefits; DAMAC also revealed that North America is a key market going forward.
