Floareá Residence, an ambitious project launched a few months ago by the Dubai-based developer Mashriq Elite Developments, is steadily progressing towards its expected completion in the first quarter of 2025. This development is a direct response to the robust demand for off-plan properties within the thriving Dubai real estate market.
One of its most captivating features is a breathtaking waterfall, which will stand an impressive five meters tall and span an expansive 30 meters in width, adding a luxurious touch to this real estate venture.
Kamran Muhammad, the CEO of Mashriq Elite, exudes confidence in the strong Dubai property market. He emphasizes that the emirate’s off-plan segment has already generated a substantial sales value of Dh126 billion in the first three quarters of 2023, underscoring the sustained high demand for innovative projects.
“The property market outlook is highly promising, with areas like Dubai Hills, Al Furjan, Arjan, and Studio City offering budget-friendly prices and a wide array of amenities. In the past quarter alone, prices have appreciated by an average of 20 percent,” Muhammad stated.
Nestled in the Arjan area, Floareá Residence comprises 206 residential units, including studio apartments, 1-bedroom, and 2-bedroom apartments, with prices ranging from Dh515,000 to Dh1.375 million.
The focal point of this development is the magnificent waterfall, cascading from an infinity pool on the first floor to the ground floor. This soon-to-be-iconic waterfall enhances the appeal of the Arjan Community, complemented by a state-of-the-art clubhouse, yoga studio, barbecue courtyard, gymnasium, indoor and outdoor children’s play areas, steam and sauna facilities, and an array of other amenities. Furthermore, lush landscapes envelop the project, with the Dubai Miracle Garden and Dubai Butterfly Garden situated within the community.
With construction work on Floareá Residence underway for the past few months, enthusiastic investors and future residents can anticipate its grand unveiling in the first quarter of 2025.