The second phase of a residential community within Imkan's "Riviera" project on the coast between Abu Dhabi and Dubai has been launched.
The new phase of AlJurf Gardens will feature 98 villas within the Dh15 billion ($4.08bn), 370-hectare AlJurf masterplan, which stretches 1.6 kilometres along the Arabian Gulf coast. The first phase, comprising 293 small, “ranch-like” villas, is due to be completed by mid-2023.
The project, which has a strong emphasis on nature, seeks to conserve the existing 100,000 trees, sea turtles and other wildlife at the Ghantoot reserve, creating a coastal “retreat” for UAE city dwellers, similar to New York’s The Hamptons, the developer said.
“The launch of AlJurf Gardens Phase 2 demonstrates our commitment to delivering prime residential destinations for investors and end-users amid booming real estate demand in the UAE," said Parvin Al Awadhi, head of development at Imkan Properties.
The second phase villas will come in two styles — Joud and Budoor.
Joud is inspired by rich tradition of Arabic homes in the region with intimate courtyards, majlis and maqa’ads, all designed for family living, Imkan said.
The Budoor villas, in contrast, have a design inspired from the basic elements of the Arabian desert tent, and will be available as two, three, four and five-bedroom options.
AlJurf Gardens will include a private marina, a private beach and a large central park stretching across the community with play areas and sports amenities.
The overall masterplan features a private school, shops, restaurants, boutique hotels, parks, heritage sites and a canal adding eight kilometres of prime waterfront real estate.
AlJurf will also house Sha Emirates, a branch of the European wellness clinic, and retreat Sha Wellness.
Imkan's other key projects in the UAE include Pixel, a mixed-use community in its Makers District development on Reem Island, luxury beachside villa community Nudra, Saadiyat, and Sheikha Fatima Park.
A host of major launches have been announced in Abu Dhabi this year, including the Louvre Residences Abu Dhabi, the Grove District on Saadiyat Island and Reem Hills on Reem Island.
They come at a time when property prices have been rising in the capital and more so in Dubai in the past year, as the UAE economy picks up after the coronavirus-induced slowdown.
Average residential property prices in Abu Dhabi increased 1.5 per cent in the 12 months to March 2022, CBRE reported in its first-quarter market review.
Abu Dhabi recorded 3,304 property deals worth Dh11.3bn in the first quarter of this year, the emirate’s Department of Municipalities and Transport (DMT) said.
________________________
Hydrogen: Market potential
Hydrogen has an estimated $11 trillion market potential, according to Bank of America Securities and is expected to generate $2.5tn in direct revenues and $11tn of indirect infrastructure by 2050 as its production increases six-fold.
"We believe we are reaching the point of harnessing the element that comprises 90 per cent of the universe, effectively and economically,” the bank said in a recent report.
Falling costs of renewable energy and electrolysers used in green hydrogen production is one of the main catalysts for the increasingly bullish sentiment over the element.
The cost of electrolysers used in green hydrogen production has halved over the last five years and will fall to 60 to 90 per cent by the end of the decade, acceding to Haim Israel, equity strategist at Merrill Lynch. A global focus on decarbonisation and sustainability is also a big driver in its development.
COMPANY PROFILE
Name: Rain Management
Year started: 2017
Based: Bahrain
Employees: 100-120
Amount raised: $2.5m from BitMex Ventures and Blockwater. Another $6m raised from MEVP, Coinbase, Vision Ventures, CMT, Jimco and DIFC Fintech Fund
Arabian Gulf Cup FINAL
Al Nasr 2
(Negredo 1, Tozo 50)
Shabab Al Ahli 1
(Jaber 13)
Islamophobia definition
A widely accepted definition was made by the All Party Parliamentary Group on British Muslims in 2019: “Islamophobia is rooted in racism and is a type of racism that targets expressions of Muslimness or perceived Muslimness.” It further defines it as “inciting hatred or violence against Muslims”.
Quick pearls of wisdom
Focus on gratitude: And do so deeply, he says. “Think of one to three things a day that you’re grateful for. It needs to be specific, too, don’t just say ‘air.’ Really think about it. If you’re grateful for, say, what your parents have done for you, that will motivate you to do more for the world.”
Know how to fight: Shetty married his wife, Radhi, three years ago (he met her in a meditation class before he went off and became a monk). He says they’ve had to learn to respect each other’s “fighting styles” – he’s a talk it-out-immediately person, while she needs space to think. “When you’re having an argument, remember, it’s not you against each other. It’s both of you against the problem. When you win, they lose. If you’re on a team you have to win together.”
Venue: Sharjah Cricket Stadium
Date: Sunday, November 25
MATCH INFO
Uefa Champions League final:
Who: Real Madrid v Liverpool
Where: NSC Olimpiyskiy Stadium, Kiev, Ukraine
When: Saturday, May 26, 10.45pm (UAE)
TV: Match on BeIN Sports
Our family matters legal consultant
Name: Hassan Mohsen Elhais
Position: legal consultant with Al Rowaad Advocates and Legal Consultants.