Tranquil Infra Launches with $50M Investment in UAE Real Estate
Blossom76 - Luxury Residential Urban Lifestyle Project Unveils in JVC - District 17.
Dubai’s real estate market continues to attract investors, with its consistent growth offering high returns on both sales and rentals. As a leading hub for global investments, the city’s dynamic property sector has become a focal point for savvy investors seeking lucrative opportunities. Tranquil Infra, a boutique real estate developer, is at the forefront of this transformation, reshaping Dubai’s skyline with innovative projects like Blossom76. Situated in the heart of Jumeirah Village Circle (JVC), Blossom76 is a symbol of refined elegance and modern living.
Blossom76: A Showcase of Luxury Living
Blossom76 boasts 111 thoughtfully designed residences, including spacious studios, 1-bedroom apartments with a study and plunge pool, and 2-bedroom apartments featuring a laundry, study, and private plunge pool. Residents will enjoy a wide array of recreational amenities such as a children’s play area, a swimming pool with a water feature, a panoramic rooftop gym, a yoga space, and a BBQ outdoor deck. Ground-floor retail spaces add to the vibrancy of the community. With contemporary design, premium fixtures, and fittings, Blossom76 blends style and luxury seamlessly. Starting at AED 595,888, this stunning development offers unparalleled grandeur and sophistication for modern cosmopolitans.
Dr. Sharad Nair, Co-Founder & Chairman, “We harness quality, innovation, and sustainability to create value for investors. At Tranquil, we don’t just build homes; we craft lifestyles. We bring a fresh perspective to the market, blending cutting-edge design with unparalleled craftsmanship amidst Dubai’s bustling cityscape. We are setting a new standard for refined living, promising boutique residences that reflect elegance, sophistication, and timeless allure.”
Aditya Khurana, Co-Founder & Managing Director, “Tranquil Infra Developers aspires to create iconic developments that become benchmarks in the industry, known for their architectural brilliance, sustainable design, and exceptional quality. We believe in creating communities and lifestyles that embody tranquillity and elegance. We offer smart and flexible investment opportunities that offer high ROI and develop properties that reflect our unwavering commitment to quality and tranquillity.”
UAE’s Property Market Outlook
Despite global economic uncertainties, experts predict that property prices in the UAE will continue to rise in 2024 and 2025, with a projected increase of 5% to 7% annually. This growth is primarily driven by the demand for affordable and mid-market communities, which continues to surpass supply. As a result, investors can expect solid returns shortly, particularly in areas like JVC.
Jumeirah Village Circle: A Prime Investment Destination
JVC remains a standout performer in Dubai’s real estate market, particularly for off-plan properties. The average price in JVC is AED 1,450 per square foot, offering an attractive investment proposition for those seeking growth, returns, and family-friendly amenities. Since 2020, JVC has accounted for 10.64% of all registered sales in Dubai, with rents for studios, 1-bedroom, and 2-bedroom apartments appreciating by 188% from 2012 to 2024. Investors have seen returns of 8% to 10%, with yields surpassing 6.67%. As the demand for properties continues to rise, many tenants are transitioning into property ownership due to escalating rental prices and a growing foreign workforce.
October 2024 Real Estate Performance
In October 2024, Dubai’s real estate market continued its strong performance, with property transactions totalling AED 61.2 billion. Notably, 70% of sales were from off-plan properties, and 30% came from the secondary market. JVC emerged as a top performer with 1,487 transactions worth AED 1.5 billion. Other areas such as Business Bay also saw impressive sales, with 1,135 transactions valued at AED 2.6 billion.
Property Sales Breakdown:
- Apartments: 15,642 units worth AED 28 billion (67% increase YoY)
- Villas: 3,858 units worth AED 21 billion (97% increase YoY)
- Commercial Properties: 422 units worth AED 913 million (-1.3% decrease YoY)
- Plots: 533 units worth AED 11 billion (21% increase YoY)
Sales Breakdown by Price Range:
- Below AED 1 million: 25%
- AED 1-2 million: 35%
- AED 2-3 million: 19%
- AED 3-5 million: 12%
- Above AED 5 million: 9%
Blossom76’s Development Timeline
Blossom76 is set for a grand launch, with construction scheduled to begin on January 1, 2025, and the expected handover in the first quarter of 2027. The project is backed by a strong team of experts, including Emsquare Engineering Consultants for design and architecture, Adnann Contracting LLC for construction, and Lawyer Point for legal services. Sales channels will be managed by Deja Vu and Allegiance, ensuring a smooth and successful launch.
Future Plans for Tranquil Infra
Tranquil Infra is committed to expanding its portfolio with more spectacular residential and commercial real estate projects. With an unwavering focus on innovation and quality, Tranquil Infra is set to make a lasting impact on the UAE’s real estate landscape.
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