The Dubai-based Mashriq Elite Real Estate Development today announced the successful handover of its project – Floareá Residence at Arjan – in Dubailand master community comprising 206 fully finished, designer apartments.
In a statement on the occasion of a handover experience ceremony, the developer said the Floareá Residence residential project was launched in September 2023 and the hand-over process was started in August 2025, marking a milestone in its commitment to build and deliver quality apartments to investors within the promised timelines.
Mashriq Elite, with an established legacy of project excellence and trust in Real Estate and Telecom sectors across global geographies, including 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.
Floareá Residence comes with many firsts including a first-of-its-kind grand waterfall of five metre height and 30 metre width, 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.
“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,” said Kamran Muhammad, CEO of Mashriq Elite Developments.
He said increasing rental yields and asset appreciation of up-to 12-15 percent overall, will continue to propel the growth of the market further. “Buoyed by the growth prospects, we have a healthy pipeline of new projects on our drawing board,” Kamran said.
Over 1, 200 more units to residential stock
With the demand for residential units surging in the wake of the continuing influx of investors from across the world, as well as from aspirational professional class of residents in Dubai, Mashriq Elite plans to bring over 1,200 units to the emirate’s residential stock in the next two years. “These projects are at various stages of planning and development stage across key locations,” Kamran said.
Sold out at off-plan stage
The nine-floor Floareá Residence has 91 studios ranging from 411 to 482 sq. ft, 97 one-beds from 824 to 1,276 sq. ft and 18 two-beds from 1,159 to 1,676 sq. ft.
