Floarea Residence, initiated a few months ago by Dubai-based developer Mashriq Elite Developments, is on track to be finalized by the first quarter of 2025. This endeavor comes in response to robust demand for off-plan properties in the thriving Dubai real estate market.

This remarkable waterfall will boast an impressive height of five meters and an expansive width spanning 30 meters, adding a touch of opulence to the development.

Kamran Muhammad, the CEO of Mashriq Elite, expressed confidence in the robust Dubai property market, noting 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 new projects.

“The property market outlook is promising, with areas like Dubai Hills, Al Furjan, Arjan, and Studio City offering budget-friendly prices and a wide range of amenities. In the past quarter alone, prices appreciated by an average of 20 percent,” Muhammad stated.

Situated in the Arjan area, the Floareá Residence comprises 206 residential units, including studio apartments, 1-bedroom, and 2-bedroom apartments, with prices starting from Dh515,000 and extending up to Dh1.375 million.

The centerpiece of this development is the grand waterfall cascading from an infinity pool on the first floor to the ground floor. This soon-to-be-iconic waterfall enhances the Arjan Community’s appeal, 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. Moreover, lush landscapes surround the project, with the Dubai Miracle Garden and Dubai Butterfly Garden located within the community.

With construction work on the Floareá Residence commencing a few months ago, eager investors and residents can look forward to its completion in the first quarter of 2025.