Staff Report
Dubai, UAE
Mashriq Elite Real Estate Development, a Dubai-based developer, has announced the successful handover of its project Floareá Residence at Arjan, Dubailand. Floareá Residence is a master community comprising 206 fully finished, semi-furnished designer apartments.
Floareá Residence was launched in September 2023 and the hand-over process was completed by August 2025. It was completely sold out at the off-plan stage itself within 35 days of the launch and the land department registrations were completed in 60 days, in line with the trend of sustained interest in property asset classes in the pre-development stage itself. According to reports, 40,500 off-plan transactions were recorded in Dubai till May 2025 worth Dh90 billion, representing 38 per cent of the emirate’s total realty sales.
The nine-floor Floareá Residence has 91 studios ranging from 411 to 482 square feet, 97 one-beds from 824 to 1,276 square feet, and 18 two-beds from 1,159 to 1,676 square feet. The development comes with an array of amenities, including wellness facilities such as a green central park, splash pad, a gym as well as separate steam and sauna for men and women, infinity pool and kid’s pool, and kids’ play areas.
Floareá Residence comes with a glass façade, panoramic lifts, and double-height ceilings at the entrance lobby, a nature garden atrium, a BBQ courtyard, and a green central park focused on sustainability and nature for community bonding. Other features include a clubhouse, table tennis and billiards area, coffee bar, designated meeting room, and yoga studio.
The development features a waterfall that is five metres high and 30 metres wide, the largest and the very first in a residential project in Dubai, falling from an infinity pool on the first floor to the ground complemented by a walkway to enhance a leisurely lifestyle experience closer to nature.
Kamran Muhammad, CEO of Mashriq Elite Developments, said, “The year-on-year residential real estate growth registered in Dubai has consistently remained exponential with continuing upswing in demand, thanks to the emirate firmly positioned as a destination for diverse range of investors, including those looking for affordable luxury lifestyle. At Mashriq Elite, we are proud to be part of this growth story, contributing to the city-state’s success and reputation, and in turn supporting the overall growth of Dubai’s economic prosperity.”
He further said that the increasing rental yields and asset appreciation of up to 12-15 per cent overall, will continue to propel the growth of the market further.
Mashriq Elite, with a global footprint in real estate and telecom sectors in Saudi Arabia, Singapore, Malaysia and the UAE, said the success of Floareá Residence will be followed by a slew of residential developments in the pipeline across Dubai’s key locations in the next three years. The developer plans to add over 1,200 units to Dubai’s residential stock in two years from projects in pipeline with four already launched and a fifth upcoming.
Mashriq Elite’s second project – Floarea Vista – will be in Discovery Gardens. The developer’s third and fourth projects – Floarea Grande and Floarea Skies – will come up in Arjan and Jumeirah Village Circle (JVC) respectively, while the fifth – Floarea Oasis – will be at the Dubai Land Residential Complex (DLRC). Upcoming projects also include Floarea Breeze at Dubai Islands as well as in Meydan District 11 and Dubai Production City (DPC) where land parcels have already have been strategically secured.
Floareá Residence is in close proximity to key attractions in Dubai within a 10 to 20 minutes travel time. These include shopping destinations like Mall of Emirates, Dubai Hills Mall, and entertainment and sporting attractions such as Global Village, Burj Al Arab, Dubai Autodrome, Butterfly Garden, and Miracle Garden.
Apart from great infrastructure, the Arjan development also offers excellent connectivity as it is bordered by Al Barsha South towards north and Sheikh Mohammed Bin Zayed Road to the south.
Ends
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