• Amalia Residences, the company's first project in Al Furjan, combines elegant design with a modern lifestyle at competitive prices

Dubai-UAE – Deyaar Development PJSC (“Deyaar”), one of the leading real estate developers and service providers in Dubai, has announced its intention to launch a trio of new projects in Al Furjan worth approximately AED 300 million.

The three projects will comprise residential units and hotel apartments and will include approximately 400 diverse units consisting of one, two and three bedrooms. Deyaar’s first project in Al Furjan will be Amalia Residences, with the remaining two projects set to be announced in 2023.

Saeed Mohammed Al Qatami, CEO of Deyaar, said: “We are pleased to announce the expansion of our growing portfolio of residential and hotel projects in conjunction with the launch of our presence in Al Furjan through three distinct projects. Each development will add significant value to the growing and vibrant area. These projects embody Dubai’s elegant lifestyle and will bring unique housing options to the Al Furjan area.”

The Amalia Residences project will offer a variety of modern and spacious residential units suitable for families, consisting of one, two and three bedrooms. The project will provide a wide range of amenities for residents, including a swimming pool, children's pool, a play area, and a gym.

Nasser Amer, Vice President of Sales at Deyaar, said: "We are delighted to announce the Amelia Residences project, which is the latest step in our expansion plan. Designed to epitomize elegance, Amalia Residences offers a high standard of living and modern urban atmosphere at reasonable prices.

“To mark its launch, we are pleased to offer flexible payment plans of up to five years, and a full exemption from real estate registration fees as part of the offer. The distinctive project has been designed to meet all the needs of its residents, as it offers a variety of amenities and luxuries that make homes both functional and inspiring.”

He added: "Al Furjan offers an active yet relaxing lifestyle as well as a lively community atmosphere thanks to the Al Furjan Pavilion and Al Furjan West Pavilion shopping centers, which offer a wide range of stores, restaurants and sports clubs."

Deyaar Development is listed on the Dubai Financial Market, in which the Dubai Islamic Bank owns a majority stake. The company is one of the leading real estate development companies in Dubai and owns real estate units spread across several prominent areas. Throughout its long history, Deyaar has been able to offer a comprehensive portfolio of commercial and residential real estate with the highest levels of service and quality.

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About Deyaar

Deyaar Development PJSC is a leading real-estate developer and real-estate services company, headquartered in Dubai. Since its establishment in 2002, the company has registered exponential growth to become an industry leader in the region, with a share capital of AED4.38 billion.

Deyaar is well-positioned to play a pivotal role in the development of the region's property landscape. The company’s in-depth market intelligence, world-class services, and unrivalled property management support for communities across diverse portfolios have firmly consolidated its pioneering status in the region’s real estate landscape.

Combining excellence with a vision to create natural living environments while placing customers at the core of its strategies, Deyaar serves as a one-stop real estate solutions provider. Under this profile, its scope includes the delivery of end-to-end property development and property management services across the UAE.

Deyaar provides facility management services for its portfolio of commercial and residential units. The company spearheads an association management team to ensure the wellbeing of Deyaar’s homeowners as a key priority. Deyaar complies with the escrow legislation and relevant property laws in the UAE, and it is registered with the Real Estate Regulatory Authority under reference number 15/07.