Staff Report,
Dubai, UAE
Ohana Development, a luxury property developer in the UAE, has launched Elie Saab Waterfront, the first luxury branded residence on Al Reem Island in Abu Dhabi. The launch is supported by Metropolitan Capital Real Estate (MCRE), a leading full-service real estate agency. The residential tower will be 39 floors high and feature 174 units at prices ranging from Dh2 million to Dh45 million. It is slated for completion in the first quarter of 2027.
Homes at Elie Saab Waterfront vary from apartments to penthouses. Residents can enjoy the tower’s amenities, including a fitness center, a spa, a paddle court, electric vehicle charging stations, and infinity pools overlooking the city skyline. In addition to these, the tower hosts a library, meeting spaces, gardens, concierge services, retail outlets, dining options, and 300 parking spaces.
Husein Salem, CEO of Ohana Development, said, “Our collaboration with Elie Saab represents a cornerstone in luxury real estate. Together, we are setting unparalleled standards for what it means to live elegantly. Elie Saab Waterfront transcends mere residence; it is the epitome of luxurious living and architectural innovation, crafted to offer our discerning clientele a truly enriching experience.”
In a further sign of Abu Dhabi’s booming property market, phase one of the project is sold out.
Evgeny Ratskevich, CEO of Metropolitan Capital Real Estate, said, “As a leading associate of Ohana Development, we are pleased to sell the luxurious Elie Saab Waterfront project. This truly unique offering is in one of the most exclusive communities in Abu Dhabi and offers stunning views of the Arabian Gulf, Al Reem Island skyline and the marina, making it the perfect home for those who are looking for ultimate luxury.”
Last year, in under 30 days, Metropolitan Capital Real Estate sold more than 100 villas of the “Ohana by the Sea” development located at the Dubai and Ghantout border. This marked one of the quickest off-market sales in the UAE for an entire development of villas, worth over Dh1 billion given to an agency on an exclusivity basis.
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