Emirates Properties Group has launched Azha Millennium Residences, an ultra-luxury branded mixed-use development that will be developed at the heart of Jumeirah Village Triangle (JVT), Dubai.
Launched under the patronage of HH Sheikh Rashid bin Humaid Al Nuaimi, Chairman of the Municipality and Planning Department in Ajman,the $95 million Azha Millennium Residences will deliver an exquisite collection of 196 Millennium Hotels & Resorts-branded apartments and curated retail spaces upon completion in the fourth quarter of 2027.
With its futuristic design, integrated living experience, and sustainable infrastructure, Azha Millennium Residences harbors Dubai’s ambitious goal to propel the real estate market value to $272 trillion by 2033, a key indicator of the Dubai Real Estate Sector Strategy 2033. Rising 30 storeys high, it is the latest hotel-branded development to adorn Dubai’s towering skyline, reaffirming the city’s appeal to the global affluent.
The emirate recorded transactions of more than 13,000 branded units in 2024, a 43 percent increase from 2023, according to market intelligence and property consultancy Global Branded Residences (GBR). Currently boasting 43,000 homes across 132 high-end developments in its inventory, Dubai eyes to increase its stock by more than double over the next five years.
Sheikh Rashid bin Humaid Al Nuaimi Chairman – MPD Ajman
“Azha Millennium Residences is a unique addition to Dubai’s striking portfolio of branded homes. The project is an embodiment of aesthetics, sophistication, and convenience, further enhancing Dubai’s appeal as an ideal residential destination for luxury lovers.”
Azha Millennium Residences features 196 units, including 56 studios, 84 one-bedroom, and 56 two-bedroom apartments, meticulously designed for comfort, elegance, and smart living. With prices starting from Dh629,000, studios span an area from 375 square feet onwards while sizes of one- and two-bedroom units span up to 979 square feet and 1,746 square feet, respectively.
Emirates Properties Group is offering an attractive and flexible payment plan: 10 percent down payment, 30 percent during construction, 10 percent upon handover, and 50 percent in three years post-handover, allowing seamless purchases.
The surge of wealthy home-buyers in Dubai is central to the growth of branded homes. The market’s appeal lies in Dubai’s multicultural lifestyle, safety, accessibility, economic resilience, and favorable position on the world map. Dubai now ranks among the top 20 wealthiest cities, hosting 81,200 millionaires, including 237 centi-millionaires and 20 billionaires.
The number of wealthy people with a net worth exceeding $100 million in Dubai is expected to grow two-fold by 2034, according to the ‘World’s Wealthiest Cities Report 2024’ published by Henley & Partners in collaboration with New World Wealth.
Properties like Azha Millennium Residences will help maintain the supply level in the long run as the market foresees rising demand due to the influx of High-Net-Worth-Individuals (HNWIs) by the next decade.
Image Supplied
Mohammed R. Hegazi, Managing Director of Emirates Properties Group, said that, “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 net worth individuals to live in Dubai.”
Azha Millennium Residences features a suite of world-class amenities that resonate with the opulent lifestyle of its residents. Ground-level facilities include a swimming pool, BBQ area, lush garden, play areas, and a café lounge. On the rooftop, residents can access a health club, a pool offering scenic views of JVT, a lounge, anindoor cinema, and an entertainment room.
Moreover, residents can experience hotel-style living with Millennium’s premium hospitality services like concierge, round-the-clock security, in-room dining, housekeeping, valet parking, and additional wellness facilities. More than 300 designated parking slots across four podiums are available.
Strategically located in the Jumeirah Village Triangle, Azha Millennium Residences is in close proximity to some of Dubai’s iconic landmarks, including Miracle Garden, Mall of the Emirates, Dubai Autodrome, Palm Jumeirah, and Bluewaters Island.
