Emirates Properties Launches Azha Millennium Residences In Dubai

Under the guidance of Sheikh Rashid bin Humaid Al Nuaimi, Emirates Properties Group announced the inception of Azha Millennium Residences, a new pinnacle of luxury living set to grace the Jumeirah Village Triangle (JVT) in Dubai. This development, valued at Dh350 million, underscores the UAE's ambition to redefine upscale living, offering 196 apartments affiliated with Millennium Hotels & Resorts and exclusive retail outlets, all slated for completion by Q4 2027.

Azha Millennium Residences stands out not just for its high-end accommodations but also for its strategic location in Dubai. Nestled within JVT, it lies near several of the city's renowned attractions such as Miracle Garden, Mall of the Emirates, and the picturesque Palm Jumeirah, providing easy access to the best of Dubai's leisure and shopping experiences.

The project aligns with Dubai's broader strategy to bolster its real estate market value to Dh1 trillion by 2033, as outlined in the Dubai Real Estate Sector Strategy 2033. Azha Millennium Residences, rising 30 storeys, contributes to this goal by adding to the city's skyline and attracting global investors with its sophisticated design and sustainable infrastructure. It reaffirms Dubai's status as a magnet for the world's elite, offering a blend of luxury and innovation.

Emirates Properties Group's latest venture reflects the city's dynamic growth in the luxury real estate sector. With over 13,000 branded units sold in 2024, marking a 43% increase from the previous year, Dubai continues to cement its position as a hub for branded residences. The city aims to more than double its current inventory of 43,000 homes across 132 premium developments within the next five years, according to Global Branded Residences (GBR).

Azha Millennium Residences is more than just a development; it's a testament to Dubai's evolving landscape of luxury homes. Sheikh Rashid bin Humaid Al Nuaimi praised the project, noting its contribution to enhancing Dubai's reputation as a premier destination for those seeking elegance and convenience. The residences promise a lifestyle of unparalleled luxury, integrating the sophisticated services of Millennium Hotels and Resorts to ensure a living experience that meets the high standards of its inhabitants.

The development offers a range of residential options, from 56 studios to 84 one-bedroom and 56 two-bedroom apartments, each designed with attention to detail. Starting prices of Dh629,000 for studios reflect the project's commitment to providing luxury at every level. The sizes of these well-appointed units range up to 1,746 square feet, catering to a variety of preferences and needs.

Emirates Properties Group has introduced an attractive payment plan for prospective buyers, which includes a 10 percent down payment, followed by a 30 percent payment during construction, 10 percent upon handover, and the remaining 50 percent over three years post-handover. This flexible approach aims to make luxury living more accessible and appealing to a broader audience.

Azha Millennium Residences is equipped with a suite of amenities designed to cater to the lavish lifestyles of its residents. These include a swimming pool, BBQ area, lush gardens, and a café lounge at ground level, while the rooftop features a health club, additional pool with scenic views, and an entertainment room. Residents will also benefit from Millennium's premium hospitality services, such as concierge, security, in-room dining, and housekeeping. The development offers over 300 designated parking spaces, ensuring convenience and security.

Dubai's attraction to wealthy home-buyers is key to the branded homes market's success. The city's multicultural lifestyle, safety, economic resilience, and strategic location contribute to its appeal. Hosting 81,200 millionaires, Dubai is on track to double the number of ultra-wealthy residents by 2034.

Mohammed R. Hegazi, Managing Director of Emirates Properties Group, emphasized the significance of Azha's launch, stating, "Azha's launch takes place at a time when Dubai is receiving a large number of super-wealthy settlers. Each residence is masterfully crafted to embody luxury living at its core. Millennium Hotels and Resorts adds pivotal value to homes, promising an unmatched experience with its signature hospitality services. This will widen the choice of ultra-luxury properties and help global ultra-high networth individuals to live in Dubai."