Construction on Amaal 8 is underway as of September 2024
Real estate developer Amaal, backed by Ayana Holding and co-founded by the former group CEO of Dubai’s Emaar, has announced the launch of its first project, Amaal 8.
Construction is underway as of September 2024 since the groundbreaking last month and is slated for completion by Q4 2028.
The project is located along Ras Al Khor Road in Meydan Horizon in Mohammed bin Rashid City and is a 48-storey mixed-use residential tower that will also feature accessible public spaces such as retail promenades and entertainment venues.
Amaal 8 will include units ranging from one- to four-bedroom apartments and luxurious Infinity Collection residences on the upper floors.
Amenities at Amaal 8 include a six-metre-high lobby and elegant lounge areas, as well as a retail walkway featuring an array of stores and extensive al fresco dining options. In addition, the building will feature infinity pools on the upper decks, wellness facilities such as a yoga studio, gyms, a spa, steam rooms, saunas, and massage rooms, dedicated leisure zones, and an indoor cinema.
A padel court, a golf simulation pavilion, a mini golf course, and a racing simulation pavilion are also planned, as well as innovative parking solutions, which include ample podiums and exclusive VIP levels.
“I am very excited to present Amaal 8, our flagship development designed to transform urban living in Dubai. This project reflects our commitment to pioneering a new calibre of inclusive, community-focused, elevated living and captures my passion for real estate,” said Abdulla Lahej, Chairman of Amaal.
“With Amaal 8, we are not just constructing a building; we are shaping the future of residential communities in Dubai. Every element, from its prime location to the cutting-edge design and comprehensive amenities, is crafted to meet the sophisticated needs of today’s urban residents. Together with our exceptional team, we have created an outstanding residential offering that meets diverse lifestyle needs and fosters a strong sense of connection among residents. I believe that Amaal 8 will redefine market expectations, delivering an unmatched living experience that anticipates and exceeds the desires of our discerning clients.”
Former Emaar Group CEO Abdulla Lahej launched Amaal — his very own turnkey real estate development company — in late August, backed by funding from Ayana Holding, which he co-founded in 2014. The developer has plans to enter the market for high-end urban apartments aimed at investors.
Amaal will oversee the complete project chain, starting from site selection to marketing, drawing on Ayana Holding’s experience in real estate investment and development, architectural design and master planning, interior design and leisure and entertainment.
Launching Amaal in the UAE is part of the holding company’s efforts to diversify its portfolio in addition to assets in overseas markets.