The developer launched the mansions in direct response to a surge in demand and substantial interest from local and global investors seeking luxurious premium developments in Dubai, a spokesperson said
MAG of Life has announced the launch of eight of a total of 12 mansions at the Ritz-Carlton Residences, Dubai Creekside.
The developer said that each mansion is valued at US $48.1mn and are part of the $1.3bn Keturah Resort – a luxury and wellness development that provides residents and visitors with a healthier environment with 180-degree views of the Dubai skyline and Ras Al Khor Wildlife Sanctuary. It said that the construction cost of the built-up area per square foot is $585.
The Ritz-Carlton Residences, Dubai, Creekside is an independent residential development conceived and designed by MAG of Life; the French designer, Amar Sabeh, and the leading Istanbul-based interior design studio, Autoban.
In September 2022, DAMAC said it was adding ultra-luxurious mansions to its DAMAC Hills development.
Keturah Resort features 12 mansions, eight of which are currently available for sale. The mixed-used development integrates Delos’ wellness innovations, pioneering the concept of Wellness Real Estate in collaboration with world-class scientific and medical experts, including a board of doctors from Columbia University Medical Centre, the Wellness Institute at Cleveland Clinic, and the Centre for Innovation at Mayo Clinic. These elements are said to provide a healthier environment to homeowners and cements an immersive wellness-luxury lifestyle in Dubai.
Talal Moafaq Al Gaddah, CEO of MAG of Life explained, “We launched these eight mansions in direct response to a surge in demand and substantial interest from local and global investors seeking luxurious premium developments in Dubai. The emirate’s attractive policies and business ecosystem played a great role in boosting the real estate sector, and this remarkable milestone is a testament to our premium developments, which are located in some of Dubai’s most growth-inclined residential neighbourhoods.”
“As a catalyst for the advancement of this awe-inspiring city, we work effortlessly to continuously boost FDI and strengthen the emirate’s position through distinctive real estate offerings that surpass international investors’ expectations. We will continue our march to further cement Dubai’s position on the global real estate map,” he added.
In early October 2022, Signature Developers appointed the Devmark Group to launch a new mansion project.
Each of the launched mansions comprises four levels (basement + G + 2) constituting eight bedrooms, a majlis, a spa, a cinema room, and a premium gym with modern equipment. The mansions come in a choice of two architectural themes: earth (46,648.2sqft) and water (45,927.24sqft), MAG of Life pointed out.
The earth mansion’s minimalist architecture is said to represent a space in constant dialogue with its surroundings, hidden from the street yet open toward the water view. Floor-to-ceiling sliding glass allows for expansive views, seamlessly merging the patio and living rooms to transform into one wide reception area when open. The beautiful waterfront views are elegantly framed from the moment they are seen from the lobby, the developer remarked.
Considering natural factors, the water mansion’s design has been carefully crafted according to the site’s climatological characteristics. Noting the sun’s seasonal changes, the architecture has been adjusted to allow the most natural light in without overheating the indoor spaces. Accounting for the higher wind at the creekside, the shape of the mansion allows airflow to cool the building façades and outdoor spaces naturally. Inspired by the nature and history of the area, the concept was made to enhance its natural beauty, the developer added.
The Keturah Resort is said to offer homeowners a wide range of facilities including a Ritz-Carlton hotel; a women’s club; a kids club; a holistic wellness Centre; Michelin-star restaurants, and a retail promenade. The luxurious development will be the first in the MENA region to pursue the WELL Health-Safety certification for its buildings as part of MAG of Life’s registered ‘WELL Community’.
Residents will also have access to a luxury wellness hotel, eight sustainable and organic-focused retail spaces, including weekend farmers’ markets, 24/7 secure private parking with valet, a gated community with unique views of the wildlife sanctuary. All residences will incorporate KETURAH’s Wealth of Wellbeing life concept.
In early November 2022, Alpago Properties announced a luxury Palm Jumeirah penthouse that will cost $68.06mn.