Property

Arada enters Dubai real estate market with launch of Jouri Hills

The luxury residential project is Arada’s first foray outside of the Sharjah real estate market and will comprise 294 high-end homes

Sharjah developer Arada has entered the Dubai real estate market with a new luxury villa project. ‘Jouri Hills’ is said to be the latest phase in the 40m sqft Jumeirah Golf Estates masterplan, and will comprise 294 high-end homes located close to two world-class golf courses.

The developer said that each villa will provide a great lifestyle experience backed by modern, nature-inspired designs and access to top-class amenities. With a range of units from three-bedroom townhouses to luxurious six-bedroom mansions, homes at Jouri Hills will boast contemporary architecture designed to make the most of natural light, with floor-to-ceiling windows and double height spaces, as well as smart home solutions, said the statement from Arada.

Construction on Jouri Hills will start in 2023, with the first homes scheduled to be handed over by June 2025, Arada noted.

In early October 2022, Arada launched the Masaar Discovery Centre and, later in the month, it said it had awarded $124mn in contracts to Airolink for the development of Aljada homes.

Commenting on the move, Arada Vice Chairman Prince Khaled bin Alwaleed bin Talal said the foray into the high-demand Dubai property market cements the developer’s reputation as the region’s fastest-growing master developer.

“The latest phase at Jumeirah Golf Estates, Jouri Hills is our chance to showcase to a new range of buyers the exceptional quality and design for which Arada communities have become well-known. In addition, Jouri Hills represents just the start of our journey in Dubai, and we continue to finalise plans for further projects to take advantage of the strong performance of the local sector,” he stated.

According to Arada, Jouri Hills will be anchored by its own community park, which contains a variety of sports facilities including cycling and running tracks, swimming pools and a fitness centre operated by Wellfit (the gym brand owned by Arada).

In late October 2022, the developer said it closed a $100mn tap of Sukuk issuance.

Residents at Jouri Hills will also be able to take advantage of the unparalleled array of amenities on offer in the wider Jumeirah Golf Estates master community, which contains more than 1,800 luxury homes and which features two internationally acclaimed championship golf courses, Earth and Fire, and the European Tour Professional Institute (ETPI) golf academy, stated the developer.

In addition, residents will benefit from two shopping centres within the Jumeirah Golf Estates master plan, as well as the community Clubhouse, which contains swimming pools, a gym, tennis and padel tennis courts and a variety of high-end restaurants and cafes, it added.

Group CEO Ahmed Alkhoshaibi concluded, “In line with our track record of delivering best-in-class communities in prime locations, Jouri Hills at Jumeirah Golf Estates features an impressively designed master plan located in one of the most desirable parts of Dubai. Given the extremely high interest in the market for property of this type, we anticipate a strong response by both investors and end-users for a product that builds on the popularity and existing thriving community at Jumeirah Golf Estates.”

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