CBRE Launches Top-Tier Facilities Management in KSA

Object 1 Real Estate Development, an award-winning developer, is expanding its portfolio within Dubai Land Residence Complex (DLRC), reinforcing its commitment to building smart, connected, and future-ready communities. The move aligns with Dubai’s ongoing infrastructure development of the upcoming Dubai Metro Blue Line, which is set to transform connectivity and enhance property values across the city’s key residential corridors.

Considered one of Dubai’s hidden gems, Dubai Land Residence Complex has rapidly evolved into one of the city’s most promising real estate destinations. Located at the intersection of Emirates Road (E611) and Dubai–Al Ain Road (E66), the area offers residents fast access to major business hubs, schools, and attractions, while remaining surrounded by calm, open landscapes. The planned Blue Line will connect DLRC to Dubai’s major transport network, linking it directly to Dubai International Airport and Business Bay, further strengthening its appeal for end-users and investors alike.

DLRC has recorded some of the city’s strongest property performance indicators. Apartment sales volumes remain high, and rental yields have reached up to 8% in select projects, placing it among Dubai’s top-performing residential zones. This has positioned the area as a preferred destination for investors seeking long-term returns and for residents drawn to modern living within a well-connected, emerging district.

Tatiana Tonu, CEO at Object 1, said: “Dubai Land Residence Complex has transitioned from a quiet suburban community into one of Dubai’s most dynamic residential corridors. With the upcoming Dubai Metro Blue Line redefining mobility across the city, the district’s potential for sustainable growth has never been stronger. Our investment in this area reflects Object 1’s long-term belief in creating buildings that combine design excellence, accessibility, and well-being. Our development VERDAN1A embodies that vision, a community that nurtures connection, sustainability, and quality of life while offering lasting value for homeowners and investors.”

At the center of Object 1’s DLRC expansion is VERDAN1A 1 & 2, a multi-phase residential development inspired by the word verde—green. Designed around the principles of sustainable urban living, VERDAN1A combines modern aesthetics with practical functionality, encouraging wellness and community interaction. The project comprises 316 units across two phases and features resort-style amenities including swimming pools, a gym, yoga and meditation zones, a cinema, children’s play areas, and outdoor lounges. Every detail has been carefully considered to foster balance and vitality in residents’ everyday lives.

VERDAN1A is built in full compliance with the Dubai Green Building Regulations and Specifications, which promote insulation efficiency and energy-saving measures in line with the UAE Net Zero by 2050 strategic initiative. The project also aligns with the Dubai 2040 Urban Master Plan’s goal of developing inclusive, human-centric, and climate-resilient communities.

Dubai’s real estate market continues to break records, with AED 559.4 billion in total sales so far in 2025, reaffirming the city’s global appeal and investor confidence. Building on this momentum, Object 1 continues to deliver across high-demand communities, including Jumeirah Village Circle (JVC), Jumeirah Village Triangle (JVT), Al Furjan, Sports City, and Dubai Land Residence Complex.

The company’s portfolio now comprises with more than 20 design-led projects focused on wellness, sustainability, and family-centric living—each crafted to provide long-term value and contribute to Dubai’s evolving urban landscape. Alongside its expanding footprint in Dubai, Object 1 is also growing its presence in Abu Dhabi, reflecting its vision to create thoughtful, connected spaces across the UAE that meet the needs of a new generation of residents and investors.

Pantheon Development, one of Dubai’s leading real estate developers, renowned for its commitment to affordable luxury, has officially broken ground on VOXA. This AED 800 million premium mixed-use development will fundamentally change the modern business and residential living in Jumeirah Village Triangle (JVT). VOXA is a dynamic destination where work, life, and leisure will coexist in perfect balance, introducing a new era of smart, connected, and experience-driven living in Dubai.

The groundbreaking ceremony, held last week, was attended by Mr. Kalpesh Kinariwala, Founder, Pantheon Development, alongside senior management, and key project partners, including Al Khawaja Engineering Consultants (KWEC) and the appointed contractor, IGS Foundation Contracting LLC. The event marks a significant milestone in the company’s continued growth and diversification.

“VOXA is more than just a development; it is a statement of intent,” said Mr. Kalpesh Kinariwala, Founder, Pantheon Development. “As we enter the mixed-use space in Dubai, our vision is to deliver inspiring environments where work, wellness, and community coexist in perfect harmony. This project exemplifies our commitment to excellence, sustainability, and design innovation, continuing our legacy of affordable luxury into a new realm of commercial sophistication.”

Adding to the excitement, project partners shared their perspectives on the development as well.

“VOXA represents a landmark project where innovation meets functionality, and we are proud to contribute our expertise to bring this vision to life,” said Mr. Jamal Al Khawaja, Owner of Al Khawaja Engineering Consultants (KWEC).

Ms. Yasmin Salem, General Manager of IGS Foundation Contracting L.L.C., further added, “Our team at IGS Foundation Contracting is dedicated to delivering VOXA to the highest standards, ensuring quality, safety, and timely execution”.

Scheduled to be completed in Q3 2028, VOXA is the first branded residence and mixed-use project by Pantheon Development, marking the strategic expansion of the company into the premium commercial real estate sector of Dubai. Building on its award-winning residential legacy across Jumeirah Village Circle (JVC), Pantheon now extends its hallmark of design excellence, innovation, and precision craftsmanship to a new generation of modern business and lifestyle spaces.

Mr. Kinariwala said: “With VOXA, we are not only diversifying our portfolio but also empowering investors and enterprises with a future-ready opportunity that reflects Dubai’s dynamic growth and global appeal. We aim to contribute meaningfully toward the evolving real estate landscape of this city, where quality, connectivity, and lifestyle blend seamlessly.”

A New Standard in Work-Live-Play Design

Spanning over 450,000 sq. ft., VOXA seamlessly integrates 70,000 sq. ft. of premium commercial spaces, 20,000 sq. ft. of curated retail, and 360,000 sq. ft. of contemporary residences spread across 29 floors. Designed for modern enterprises and residents, VOXA offers an environment where one can work smart, live comfortably, and play freely, all within one inspired destination.

VOXA has been thoughtfully crafted to support productivity, well-being, and lifestyle balance, bringing together convenience, connectivity, and community under one roof.

The project boasts of contemporary architecture with functional spatial planning, including:

• Spacious office layouts allowing flexible configurations and efficient natural lighting.
• Over 24 world-class amenities, including meeting lounges, cafés, wellness zones, a yoga deck, beach wave pool, outdoor cinema, pet-friendly parks, and leisure areas.
• Smart building management systems that optimize energy consumption and enhance operational efficiency.
• Eco-friendly materials and low-emission construction practices, reinforcing Pantheon’s dedication to sustainable development.
• Smart home technology offering seamless control of key home automation features
• Integrated parking and enhanced accessibility, ensuring convenience and smooth mobility of both residents and professionals alike.

A Strategic Investment Opportunity

Beyond its design and lifestyle appeal, VOXA presents a compelling investment proposition across its residential, commercial, and retail components. By offering future-ready workspaces alongside contemporary residences and curated lifestyle experiences, the development delivers a unified work-live-play ecosystem within one of Dubai’s most sought-after neighborhoods.

With construction progressing on schedule and completion targeted for 2028, VOXA reinforces Pantheon Development’s long-term strategy to diversify its portfolio while strengthening its position as one of the region’s most trusted and forward-thinking developers.

In a significant move towards the UAE’s goal of becoming a worldwide leader in artificial intelligence, AIR (AI Realtor) has announced the launch of the region’s first fully AI-native real estate brokerage platform, built from the ground up in Dubai.

Backed by the nation’s National Strategy for Artificial Intelligence 2031, AIR represents the next frontier of technology-driven transformation, powered by the nation’s growing pool of world-class AI and technology talent. Unlike many regional tech models inspired by global counterparts, AIR is not an adaptation but a truly homegrown innovation. It was conceived and built within the UAE’s robust digital ecosystem, one supported by forward-thinking regulations, open data infrastructure, and a government-led vision to integrate AI across every major sector. This unique environment has made it possible for AIR to emerge as a platform born in the UAE, for the UAE, setting a new benchmark for how real estate and technology converge.

“No human can monitor every listing, price movement, and buyer signal across the entire city, but AIR can, instantly,” said Milad Monshipour, Founder & CEO of AIR. “Our mission is to become the most trusted advisor in the country, in the region, and soon globally – transform how people buy and sell properties, making it fundamentally simpler, smarter, and more trustworthy through human-centered AI.”

Engineered for the Future: Real Estate Reinvented

AIR is a revolutionary, agent-centric AI ecosystem that redefines how property is bought, sold, and experienced. It merges human expertise with machine precision to deliver transactions that are simpler, smarter, faster, and radically transparent.

At the core of AIR lies AIR Brain, an advanced neural intelligence trained exclusively on Dubai’s real estate landscape. It orchestrates a symphony of smart tools, each designed to transform how agents, investors, and clients engage with the market:

• AIR Brain: A self-learning algorithm modelled on the collective expertise of Dubai’s top-performing brokers. Continuously evolving, it analyses market behavior, negotiation patterns, and deal outcomes, rapidly becoming the city’s most capable digital dealmaker.
• AIR GPT: The UAE’s most comprehensive real estate intelligence model, built on an intricate understanding of every building, unit, and neighborhood across Dubai. It serves as an always-on knowledge engine, instantly answering queries, uncovering insights, and guiding users through complex property decisions with unmatched precision.

• AIR Match, an intelligent search companion that discovers preferences and identifies ideal properties by balancing emotional and practical needs; and
• AIR Value, a real-time valuation engine that analyses live supply-demand dynamics to deliver accurate, explainable pricing
• AIR Assistant, a virtual aide that automates scheduling, follow-ups, and CRM tasks, freeing agents to focus on high-impact advisory and negotiation.

Empowering Agents. Boosting Confidence. Redefining Value.

AIR’s purpose is clear: empower agents, reduce transaction costs, and deliver seamless advisory through trusted transparency and real-time intelligence. By automating administrative workflows and eliminating inefficiencies, AIR allows agents to scale their business while providing superior service at a fraction of the traditional cost.

For clients, this translates into clarity, confidence, and control with every valuation, every recommendation, and every decision grounded in transparent, understandable data.

“AIR doesn’t evolve real estate, it rewrites it,” said Milad Monshipour. “For the first time, AI understands Dubai’s property market in real time, empowering agents to move faster, act smarter, and redefine what trust and performance mean in this industry.”

Born in the UAE, Built for the World

AIR could only have been created in the UAE, a market uniquely primed for innovation. Government-led deregulation has opened the brokerage sector to unprecedented competition, driving higher standards and better outcomes for consumers. The country’s commitment to data transparency and open property information, unmatched in the US, Europe, or the wider Middle East, provides the foundation for true AI intelligence to thrive.

Combined with fully digitised and automated real estate processes, this ecosystem has enabled the world’s first AI-native property platform to be built from the ground up.

Scalable by design and powered by regionally developed intelligence, AIR now stands ready to expand across the GCC and beyond, redefining how real estate operates in the digital age.

As Abu Dhabi enters a standout moment in its cultural and social calendar, the Abu Dhabi Investment Office (ADIO), in partnership with Darna Rewards by Aldar and The Galleria Al Maryah Island, announces the launch of Unlock Luxury Rewards. This exclusive two-week experience, running from 1 to 14 December 2025, brings an unmatched luxury rewards experience to the capital’s leading retail destination.

Arriving during a month marked by flagship events, from Eid Al Etihad and the F1 Abu Dhabi Grand Prix, to the debut of Sotheby’s Collectors’ Week and the return of Abu Dhabi Finance Week, the initiative responds to a growing demand for elevated retail experiences among residents and international visitors alike.

Set against Abu Dhabi’s dynamic luxury landscape, Unlock Luxury Rewards offers Darna Rewards members 15% back across more than 80 of the world’s most coveted maisons, from fine jewelery and haute horlogerie to couture and lifestyle. Designed to enhance every visit, the program reinforces The Galleria’s position as the region’s benchmark for luxury retail.

Anchored in ADIO’s long-term vision to strengthen Abu Dhabi’s luxury ecosystem, this initiative reflects the emirate’s commitment to advancing a world-class retail environment through strategic partnerships, high-quality experiences and meaningful rewards for today’s discerning consumer.

Guests spending a minimum cumulative total of AED 5,000 across eligible luxury brands at The Galleria between 1 to 14 December 2025 will unlock rewards of 15% back, capped at a total of AED 30,000 in rewards (equivalent to AED 200,000 in spend).

Guests can select from three seamless reward redemption options:

• Aldar Gift Card – Receive 15% of your total eligible spend loaded onto an Aldar Gift Card. An elegant option for gifting.
• Direct Card Credit – Enjoy 7.5% credited directly back to your linked debit or credit card.
• Darna Points – Redeemable like currency at Aldar-operated destinations spanning dining, hospitality, retail, and leisure.

All rewards are automatically processed via the Darna Rewards app, and credited within 15 days of the transaction date, provided that no returns or refunds have been initiated.

Rafal Real Estate Development Company, a leading Riyadh-based developer, and Rove Hotels today announced a strategic partnership to develop multiple Rove Hotels properties in the Saudi capital. The signing ceremony, which took place in Riyadh, officially marks the Rove brand’s expansion into the Saudi Arabian market, with plans for future cities to follow.

Rove Hotels is a dynamic, award-winning lifestyle brand that has rapidly emerged as one of the fastest-growing hospitality brands in the Middle East. Born in Dubai as a joint venture between Emaar Properties and Dubai Holding, Rove already boasts over 8,000 keys open or under development. The brand is defined by its smart, vibrant design, seamless and fuss-free service culture, and a robust commitment to sustainability, appealing to the modern traveller seeking both style and substance.

Under the agreement, the partners will bring Rove’s well-loved lifestyle concept to key, high-growth locations across Riyadh, with the first opening location set to be on Olaya Street. Locations are thoughtfully positioned to serve both business and leisure travellers, catering to the city’s dynamic growth.

“This expansion represents a significant milestone and an important step forward. We are proud to be part of Rove and Rafal in shaping a new chapter for lifestyle-driven hospitality in Saudi Arabia,” said Saad Hussain of Alaia Developments.

“We are delighted to introduce one of the region’s smartest hotel concepts to Riyadh,” said Elias Abou Samra, CEO of Rafal Real Estate Development Company. “Our confidence stems from the depth and track record of Rove Hotels in tailoring hospitality for regional guests, and from the strong connectivity between Riyadh and Dubai that underpins sustained demand from both leisure and business travellers. This partnership is a cornerstone of our strategy to bring innovative and proven concepts to the Riyadh real estate market.”

Paul Bridger, Chief Operating Officer of Rove Hotels, added: “We are very excited to partner with Rafal to enter the Riyadh market, given their credibility, execution record, and local expertise. We believe they are a great partner to launch the Rove brand in the Kingdom’s capital and are looking forward to bringing our blend of style, value, and convenience to Saudi Arabia’s vibrant and rapidly evolving hospitality landscape.”

Riyadh’s Booming Hospitality Landscape

The partnership is strategically timed to capture Riyadh’s transformation into a global metropolis. Demand drivers include:

• Vision 2030 Momentum: Large-scale initiatives, including King Salman International Airport (planned to handle 120 million passengers annually by 2030), the New Murabba Downtown project, and entertainment mega projects such as Qiddiya City are accelerating inbound tourism and business travel.
• Global Events Pipeline: Flagship events such as Expo 2030 Riyadh are expected to welcome over 40 million visitors and catalyse the development of thousands of new hotel keys across the capital.
• Economic Hub Status: As Saudi Arabia’s administrative and financial centre, Riyadh continues to attract Fortune 500 companies and top-tier talent. With major new business districts like King Abdullah Financial District (KAFD) expanding rapidly, demand for mid-market, lifestyle, and extended-stay accommodation is set to grow exponentially.

Leading sustainability and low carbon footprint lifestyle developer Fakhruddin Properties officially launched its flagship Dubai Islands project – Treppan Serenique Residences – at a gala VIP event held at Mandarin Oriental Jumeira, Dubai on 13^th November.

The dual tower Treppan Living branded project will occupy prime waterfront real estate on Island A of the sought-after five-island  community and offers a premium resort lifestyle with a curated collection of 164 exquisite two- and three-bedroom apartments, ranging from 980 to 1,902 square feet, and offering panoramic sea, golf course, or island views.

A total of 12 residential floors and two podium floors will be complemented by over 50 specially selected amenities, including an oxygen-rich bamboo park and biohacking lab featuring a hyperbaric oxygen chamber, cryotherapy, red light therapy, and sensory deprivation pods. Residents also have access to a rooftop infinity pool, indoor and outdoor gyms, rock climbing walk, state-of-the-art meditation pods, koi pond, dedicated kids’ leisure facilities, and are a mere 90 seconds walk from the island’s white sand beaches.

Commenting on the launch, Yousuf Fakhruddin, CEO and Managing Partner of Fakhruddin Properties, said: “Treppan Serenique Residences is an exclusive wellness-forward sanctuary where luxury resort inspiration is fused with pioneering smart home and AI technologies, underpinned by our proven track record of sustainability-driven residential real estate design, development and delivery.

“Treppan Serenique Residences will be the first – and only – premium residential destination to provide complimentary biohacking amenities as standard. In a June 2025 report, the Global Wellness Institute noted that real estate has long been the fastest-growing sector in the wellness economy, with an estimated FY 2024 market value of US$548.4 billion. This represents approximately 3.3% of global annual construction output, with a CAGR of 19.5% for the period 2019-2024, and the market is forecasted to grow exponentially, to hit US$1,114 billion by 2029.”

“Residents will be able to seamlessly integrate transformative clinically proven therapies into their daily routine with treatments designed to enhance recovery, boost energy, and improve sleep quality. Together, with the full raft of complementary on-property amenities, this is the resort lifestyle experience elevated to a standard not seen before in the UAE,” he added.

Fakhruddin Properties continues to lead the market in groundbreaking sustainability initiatives, with its latest Treppan Living project delivering on multiple fronts, including waste management, with 90% of all property waste recycled using the company’s proprietary waste segregation system.

In addition, Treppan Serenique residents will have hydrogenated, ionized, organically mineralized alkaline drinking water on tap, which removes the need for plastic bottled water,  drastically reducing plastic waste and emissions tied to bottled water logistics as part of the group’s commitment to eliminating single-use plastics. The residences will also house a Refill Station where everyday household products such as detergents, hand wash, and body wash will be available at a subsidized cost.

Meanwhile, NASA-grade technology will deliver clean air via an Airocide air purifier, supported by Smart Air Handling Unit (SAHU) technology that guarantees the purest indoor air quality while consuming less energy.

As in all Fakhruddin projects, energy efficiency is a key focus with a targeted 30% reduction in energy consumption achievable thanks to AI-enabled smart home technology, energy efficient electronic applications, and SAHU implementation, which reduces the load on the overall HVAC system by cutting humidity and dust congestion in the ducts.

Community residents will also be able to meet, relax and socialize in the Greenhouse Café, a radiant cooling system-controlled dining destination that will be home to an on-site hydroponics system ensuring a supply of fresh leafy greens. The radiant cooling system is designed to regulate room temperature while simultaneously reducing energy consumption by 10-15% and supporting opportunity for efficient water recycling.

“Treppan Living is a lifestyle infrastructure ecosystem that anchors Fakhruddin Properties’ growing portfolio of high-profile, sustainable, wellness-focused lifestyle projects. Since inception in 2023, Treppan Living has been integral to our commitment to create low carbon communities that meet the increasingly exacting demands of a global client base of health and eco-conscious investors. Treppan Serenique Residences marks our second Dubai Islands community, with other projects located in Jumeirah Village Circle and Jumeirah Village Triangle. Our first Dubai Islands project, Hatimi Residences by Treppan Living has seen a per-square-foot price appreciation of approximately 103% since its launch three years ago,” said CEO, Yousuf Fakhruddin.

To encourage community-wide engagement, residents are invited to join the Treppan Living rewards program – a simple, practical points-based initiative that rewards sustainable involvement, whether it’s recycling of household waste and other items, using the refill stations, or signing up for eco-friendly services, as well as addressing personal wellness by taking yoga classes, using hydroponics-produced vegetables, attending community events, etc.

Points are translated into tier status, which allow priority access to certain amenities, community recognition, and other value-led benefits. Treppan Coins, meanwhile, can be earned and redeemed for various community, health and sustainability benefits via the Treppan Living app.

A highly decorated pioneer in the sustainability development space in the UAE, with 11 awards recognizing eco-friendly innovations implemented across various projects, and a total of 18 accolades spanning sustainability, innovation, technology, brand, leadership and design, Fakhruddin Properties continues to ‘walk the talk’ for each new project – from drawing board to physical reality – with the delivery of liveable, environmentally-conscious developments that align with Dubai and the UAE Government’s long-term sustainability vision.

Kuwait’s United Real Estate Company (URC) has signed a KWD 25 million ($81.49 million) banking facilities agreement with the local branch of a regional bank for a maximum period of seven years to finance existing debts.

The new facility is expected to enhance the company’s debt maturity profile and reduce financial costs, URC said in the filing on Boursa Kuwait.

Founded in 1973 and listed on the Kuwait Stock Exchange since 1984, URC is one of the country’s leading real estate developers, with consolidated assets of approximately KWD 689 million ($2.25 billion) as of June 30, 2025.

Prescott, one of Dubai’s most trusted developers, has unveiled its latest residential project, The Caden, a landmark development valued at AED 650 million, at its newly renovated experience center in Dubai Hills.

This launch marks a bold new chapter for the brand, combining its hallmark quality and functionality with elevated design, smart technology, and resident driven amenities.

Strategically located in Meydan Horizon, one of Dubai’s last remaining lagoon-front master-planned communities near Downtown, The Caden is positioned directly on the development’s defining feature — a man-made crystal lagoon.

The project offers spacious, meticulously designed residences with no studios, reflecting a commitment to low-density, high comfort living.

Prescott’s Executive Director, Shaheer Tabani, emphasized the significance of the launch: “This project has been nothing short of a passion project for me. Over the past six months, our team has poured heart and precision into every single detail — ensuring that every square foot of this project surpasses anything seen before and delivers an experience beyond what any customer could imagine upon completion.”

He added: “We pride ourselves in creating homes that are a reflection not just of our vision, but more importantly the people who will be living there. Every amenity and layout in The Caden was shaped by direct feedback from our loyal clientele.”

The unveiling took place at Prescott’s newly upgraded experience center — a multifunctional space featuring a fully furnished show apartment, podcast studio, theatre, refreshment lounge, and meeting rooms. This venue reflects the developer’s ambition to raise the bar in Dubai’s competitive real estate landscape.

Damac Properties has reached a key construction milestone with the topping out of the Cavalli Tower, its AED1 billion ($272 million) ultra-luxury residential development and the world’s first tower with interiors designed by iconic Italian fashion house, Roberto Cavalli.

Cavalli Tower is now on track for handover by the end of next year.

Ali Sajwani, Managing Director, Damac Group, said: “Cavalli Tower is a structural and design landmark that embodies Damac’ss futuristic vision to blend fashion, architecture and art into Dubai’s skyline. With this topping out, we are one step closer to delivering a true global landmark in luxury living.”

Tian Sanchuan, Chairman and President, China State Construction Engineering Corporation Middle East (CSCEC ME), said: “We are proud to partner once again with our long-time collaborators Damac Properties on this extraordinary development. Delivering the world’s first Cavalli-branded tower demonstrates our shared commitment to precision, quality, and engineering excellence. Today’s topping-out ceremony testifies to the strength of our collaboration and our contribution to Dubai’s world-class skyline.”

Rising 71 storeys beside the beach in Dubai Marina, Cavalli Tower is a symbol of architectural ambition and branded elegance, featuring 436 units conceived by the award-winning architect Shaun Killa, who also designed Dubai’s Museum of the Future, and bespoke interiors curated by Roberto Cavalli Home Interiors.

The tower has one to five‑bedroom apartments, duplexes and five‑bedroom penthouses, with guaranteed vistas of the sea, Palm Jumeirah or Dubai Marina. Select units boast private terraces, pools or Jacuzzis and hydroponic living walls. The tower will feature private sky pools, sky gardens, and an infinity pool overlooking the Arabian Gulf. It also has a Malibu Bay-inspired beach pool and four-storey-high lobby.

The topping-out ceremony, attended by project stakeholders from Damac and lead contractors CSCEC ME, marked the completion of the tower’s superstructure with the final pour of concrete on the 71st floor slab. Substructure works are now complete, with internal and external finishes now progressing toward completion.

Residents of Cavalli Tower can enjoy a package of resort-style amenities such as 24-hour butler service and à la carte housekeeping. The tower offers residents a distinct lifestyle experience, from garden-view apartments to top-floor sky residences with panoramic sea vistas.

Cavalli Tower’s topping out comes amid a record-breaking year for Dubai’s real estate sector, which saw property sales surpass AED 525 billion in the first 10 months of 2025, driven by strong investor appetite for branded residences and waterfront developments.

Launched in September 2021, Cavalli Tower’s design evokes the glamour and boldness synonymous with the Cavalli brand. Damac Group’s 2019 acquisition of Roberto Cavalli S.p.A., reinforced the developer’s commitment to integrating global fashion heritage into real estate. The partnership extends beyond this project to other upcoming developments including Damac Bay 1 and 2 by Cavalli, and Cavalli Estates in Damac Hills.

ACCOR, a global leader in the hospitality, is pleased to announce the signing of Sofitel Jabal Omar Makkah, a landmark property located in the heart of Makkah, within walking distance of the holy mosque. Set to open in 2026, this hotel will be the largest Sofitel Property in the world, with 1,141 rooms and suites.

“We are honored to introduce Sofitel in Makkah, a city that holds immense spiritual and cultural importance. Sofitel Jabal Omar Makkah will stand as a symbol of hospitality, serenity, and connection — a place where our French zest meets Saudi authenticity. This extraordinary project reflects our ambition to create meaningful cultural bridges through luxury hospitality in one of the world’s most sacred destinations.” — Maud Bailly, CEO Sofitel Legend, Sofitel, MGallery & Emblems

Sofitel Jabal Omar Makkah will occupy a prime location within the prestigious Jabal Omar master development, providing direct pedestrian access to the Haram, Islam’s holiest site. The hotel will feature 1,141 elegant rooms and suites across two towers – Sofitel Jabal Omar Makkah North and Sofitel Jabal Omar Makkah South – each offering breathtaking views of the Holy Mosque and the surrounding cityscape.

Designed to blend French art de vivre with Saudi cultural heritage, the hotel will feature a collection of refined restaurants and lounges, executive meeting facilities and fitness centers.

Across the towers, guests will discover six distinctive dining venues — including elegant all-day dining restaurants, a signature fine-dining destination celebrating French and Middle Eastern fusion cuisine, and intimate lobby lounges perfect for gatherings and reflection. A Club Millésime executive lounge will provide exclusive experiences for distinguished guests, combining culinary craftsmanship with personalized service.

Beyond dining, Sofitel Jabal Omar Makkah will offer curated sensory experiences that celebrate both French refinement and the spiritual essence of Makkah — from thoughtful wellness rituals and locally inspired teas to bespoke amenities crafted by Saudi artisans. Every detail, from fragrance to flavor, will be designed to honor Sofitel’s philosophy of Heartfelt and Committed Luxury with a French Zest.

The project is being developed in partnership with Jabal Omar Development Company (JODC), one of the largest publicly listed real estate firms in the Middle East and a key player in Makkah’s urban transformation. Renowned for its vision of creating world-class mixed-use developments that complement the spiritual essence of the Holy City, JODC is responsible for some of Makkah’s most prestigious hospitality, retail, and residential projects within the Jabal Omar masterplan.

This collaboration reflects a shared commitment between Accor and JODC to deliver an exceptional hospitality experience rooted in cultural respect, design excellence, and sustainable development.

“Sofitel Jabal Omar Makkah is a landmark achievement for Accor in the Middle East luxury sector. The hotel exemplifies our commitment to creating world-class properties that harmonize local heritage with French luxury, offering guests an unparalleled experience at the heart of Makkah.” — Jean-Baptiste Recher, Chief Development Officer Luxury Brands Middle East, Africa and Turkiye

“The Jabal Omar development represents a cornerstone of Makkah’s urban transformation, reinforcing Accor’s leadership in the Kingdom’s luxury segment, and supporting Saudi Arabia’s Vision 2030. The signing of the world’s largest Sofitel in Makkah reflects our ambition to grow the brand’s presence through landmark projects in key strategic markets, bringing the spirit of French luxury hospitality to a global stage. Sofitel’s proven expertise in operating large-scale hotels ensures we deliver exceptional guest experiences at any scale.” — Xavier Grange, Chief Development Officer, Sofitel, Sofitel Legend, MGallery & Emblems

With its scale and strategic location, Sofitel Makkah Jabal Omar represents one of the largest single-hotel developments under the Sofitel brand in the Middle East, underscoring Accor’s strong commitment to the Kingdom of Saudi Arabia’s Vision 2030 — driving economic diversification and enhancing the country’s global tourism appeal.

Dubai’s property market exceeded 57,000 residential unit sales in Q3, according to the Dubai Land Department, generating over AED 149 billion in transactions as the city enters the new quarter. Business Bay stood out with more than 4,500 transactions, cementing its position as one of the most sought-after areas in Dubai.

As homebuyers and investors continue to shape market trends, developers are responding with projects that align with evolving expectations, combining premium design with exceptional levels of service that go beyond traditional luxury. QUBE Development recently unveiled its new project, ELIRE Managed By LUX* in Business Bay, part of its AED 4.4 billion portfolio, showcasing a residential pipeline attuned to current market demands.

The upcoming branded residence, developed in collaboration with The Lux Collective, the award-winning global hospitality group behind LUX*, will offer residents a suite of high-end services. These include dedicated residence concierges and valets, in-residence catering, childcare, private chef dining, and personal shopping, ensuring every need is met. The lifestyle experiences cater to a new generation of local, regional, and international buyers seeking exclusive, ultra-luxury communities in the heart of Dubai.

“We’re seeing today’s buyers push the market forward with higher expectations for service, quality, and experiential living,” said Hala Adra, Project Director at QUBE Development. “ELIRE was conceived as a direct response to that shift. In partnership with The Lux Collective, and through the lens of their flagship brand LUX*, we’ve created a residential experience that merges hospitality precision with thoughtful design. From infrastructure and flow to finishes and service integration, every element is built around what tomorrow’s residents expect: a sense of belonging, a trusted brand, and a seamless living experience.”

Egypt – Saudi Egyptian Developers has signed a contract with Consolidated Contractors Company (CCC) to execute its latest mixed-use development, Central, in New Cairo, with total investments exceeding EGP 12bn.

Under the agreement, CCC will oversee the full scope of construction and finishing works, covering buildings, façades, landscaping, public areas, offices, and parking facilities, in line with international quality standards. Construction is set to commence in November 2025 and is expected to be completed within four years.

Strategically located at the intersection of North and South 90th Streets and Mohamed Naguib Axis, Central spans more than 160,000 sqm. The development will include 10 buildings offering premium administrative offices, commercial outlets, and leisure spaces.

In October 2025, Saudi Egyptian Developers also signed a memorandum of understanding (MoU) to attract leading global retail brands to the project, as part of its plan to position Central as a landmark urban and business destination in New Cairo.

Mohamed El-Taher, CEO of Saudi Egyptian Developers, said the Central project reflects the company’s commitment to creating world-class, integrated urban destinations that combine quality, sustainability, and modern design. He added that the partnership with CCC underscores the company’s confidence in one of the region’s most reputable and experienced contractors.

Mohamed Tarek Kamel, Executive Director for Africa at CCC, described the collaboration as a strategic partnership that aligns with CCC’s vision to deliver sustainable, cutting-edge developments. He noted that Central will contribute to shaping New Cairo’s evolving commercial and business landscape.

Banyan Group, Thailand’s pioneering luxury hospitality and residential real estate developer known for its exclusive Banyan Tree Resorts will host its first ever Laguna Phuket Property Showcase in Dubai on November 7-8 at Banyan Tree Dubai, Bluewaters.

The exclusive event marks the debut of Banyan Group’s Phuket property portfolio in the Middle East – and will present a wide variety of investment opportunities from its US$1 billion pipeline of luxury residential properties which are set to be rolled out over the next three years.

“We are delighted to bring the beauty and investment appeal of Phuket directly to our GCC clients,” says Stuart Reading, Managing Director, Banyan Group Residences. “Dubai is the perfect gateway for introducing our new branded residences to a discerning audience seeking both luxury and long-term value.”

With seamless connectivity from the Middle East, visa-friendly policies and a welcoming environment for Muslim travelers, the island of Phuket is increasingly becoming a tropical investment haven for GCC investors, attracting growing interest from the region.

Banyan Group – Asia’s Leader in Branded Residences

The Laguna Phuket Property Showcase will feature Banyan Group’s newest developments within Laguna Phuket – Asia’s most iconic 1,000-acre integrated resort, located along 3.5 kilometers of pristine beachfront on Phuket’s prestigious central west coast.

Among the highlights will be the exclusive Banyan Tree Beach Residences, some of the most luxurious condominiums and penthouses ever built in Phuket, with idyllic settings right on the beach, many with their own expansive private rooftop pools. There are also new projects under the Angsana, Garrya, and Laguna Lakelands brands.

Banyan Group Residences is ranked No. 1 in Asia and No. 5 globally for branded residential developments and continues to redefine luxury resort living in the region by bringing its five-star hospitality expertise to the management of privately owned residences, which can also generate high rental returns.

Why GCC Nationals Are Choosing Phuket

Phuket offers a lifestyle that resonates deeply with GCC nationals. The island’s tropical climate, with year-round sunshine and temperatures ranging from 30 to 33°C, provides a perfect escape from the intense heat of the Gulf. The warm sea waters and pristine beaches enhance the appeal, offering a tranquil yet vibrant environment for relaxation and leisure.

Direct flights from the Middle East to Phuket and Bangkok provide seamless access, with major carriers from the UAE and Saudi Arabia offering frequent services. GCC nationals benefit from visa-free entry to Thailand, while long-stay options such as the Thailand Privilege Visa make relocation or frequent entry simple and convenient.

Phuket’s strong Muslim community and the abundance of halal-certified dining options, mosques, and prayer facilities make the island especially welcoming for Muslim travelers and homeowners.

Banyan Group reports that sales to buyers in the GCC countries has increased 500% post-COVID, and that this now places the region in one of the top 10 markets for its luxury real estate in Phuket.

Phuket’s Thriving Real Estate Market

Phuket’s property market continues to thrive, with foreign buyers now accounting for more than 60% of condominium sales. From beachfront villas and high-end branded residences to eco-friendly homes surrounded by lush tropical landscapes, the options are as varied as they are appealing. Historically, property values in Phuket have appreciated by 5-10% annually, supported by limited supply and robust tourism demand.

The island also offers exceptional value compared to other luxury destinations. For example, USD 1 million can purchase a 213 sqm luxury home in a prime location – approximately double the size of a similarly priced property in Dubai.

For investors seeking flexibility, Banyan Group’s rental management programs allow owners to enjoy their homes part of the year while generating income through professional five-star hospitality operations.

Laguna Phuket: Asia’s Leading Integrated Resort

Developed by Banyan Group over the past three decades, Laguna Phuket is an expertly  master-planned community comprising seven international hotels, over 3,000 residences, an 18-hole championship golf course, spas, restaurants, retail precincts, and a wide range of leisure amenities.

The community is home to residents from more than 70 nationalities. Over the next several years, the Group plans to add more than 5,000 new residential units, including the landmark Laguna Lakelands, an eco-friendly lakeside neighborhood surrounded by forest and walking trails.

“Laguna Phuket has grown into a vibrant international community where families, retirees, and professionals from all over the world can thrive,” said Stuart Reading, Managing Director, Banyan Group Residences. “It offers an unmatched lifestyle and everything today’s global buyers are looking for in a secure and sustainable environment.”

Phuket’s Newest Lifestyle Attraction: RAVA Beach Club

A highlight for homeowners within Laguna Phuket is the newly opened RAVA Beach Club, Thailand’s largest and longest beachfront club. The word RAVA means sound and reverberation – which personifies this expansive beachfront space operated by Banyan Tree Phuket. 

Located along 150 meters of Bang Tao Beach, RAVA features three infinity pools, private cabanas, and panoramic ocean views. Residents enjoy exclusive access and a 25% discount on food and beverage offerings – further enhancing the resort lifestyle experience.

Dubai’s residential real estate market continued to demonstrate its strength and resilience in Q3 2025, recording 56,015 transactions worth AED 138.3 billion. Despite a 6.4% dip in value quarter-on-quarter, total sales volume surged 11.4%, underscoring sustained demand and investor confidence across key segments.

Apartments and off-plan stay in front

Apartment sales soared to AED 93 billion this quarter, marking the highest value ever recorded in Dubai’s residential market. Volumes climbed 22% to 48,646 units, driven largely by off-plan apartment sales, which jumped 35% quarter-on-quarter. Off-plan transactions accounted for 70% of total sales volume and 59% of value, the strongest contributions on record. This trend highlights robust investor confidence and an active wave of new project launches across the city.

Villas and townhouses recalibrate

Following an exceptional first half, villa and townhouse transactions eased 30% QoQ, and values declined 34% QoQ, a natural post-rally adjustment as launches paused and buyers became more selective. Demand for larger family homes remains healthy in established and lifestyle-led communities.

Dubai’s property market is experiencing selective ascent rather than straight-line growth. Sales volume and value rose 18% year-on-year, reaching 56,015 transactions worth AED 139.7 billion, anchored by off-plan sales. Demand is tilting decisively toward new supply, particularly apartments, where deals jumped 28% year-on-year. By contrast, villas cooled and prime transactions eased 48% QoQ, suggesting a moment of pause rather than panic,” says Louis Harding, CEO at betterhomes

Record prices and expanding supply

Dubai’s average residential prices reached a historic high of AED 1,664 per sq ft, nearly double 2020 levels. This 5.2% quarterly rise was fueled by end-user demand, liquidity in mid-market communities, and favourable global conditions, including the U.S. Federal Reserve’s 25-basis-point rate cut that boosted affordability for international investors.

Supply also strengthened, with over 28,500 units delivered so far in 2025 and more than 200,000 units expected by 2027. Apartments made up 85% of Q3 handovers, led by Jumeirah Village Circle, Business Bay, and Town Square.

Inside betterhomes’ own metrics

betterhomes saw 24% year-on-year increase in transactions and 38% growth in sales leads. In contrast to the broader Dubai property market, townhouse demand led the surge, up 91% YoY, alongside a 12% growth in villas and 5% in apartments. Investor activity climbed to 63% of total buyers, reflecting Dubai’s growing appeal as a global investment hub.

In the rental sector, leasing transactions at betterhomes soared 92% year-on-year and 29% quarter-on-quarter, underscoring the city’s enduring rental demand. Average annual rents stood at AED 196,000, with apartments accounting for the majority of leasing activity.

Outlook for Q4 and beyond

As Dubai moves into the final quarter of 2025, the market is expected to maintain its steady trajectory. The combination of sustained population growth, infrastructure expansion, and global investor interest continues to reinforce Dubai’s position as one of the world’s most dynamic and resilient property markets.

Aston Martin today announces a new landmark real estate partnership with Valor Real Estate Development that will construct an ultra-luxury residential project in Daytona Beach, Florida – Aston Martin Residences Daytona Beach Shores – a new 86-unit development on the Atlantic coast.

Located just minutes from the iconic Daytona International Speedway and overlooking one of the world’s most famous beaches, Daytona Beach Shores marks the latest addition to Aston Martin’s established world class real estate portfolio, starting with the Aston Martin Residences in Miami to the recently completed four-bedroom town house in Tokyo’s Omotesandō neighborhood.

As with the previous Aston Martin residential projects, the new development is a close collaboration between Aston Martin’s design team and the project real estate partner. This ensures that all properties reflect the highly crafted, beautifully proportioned and cutting-edge technology of Aston Martin’s award winning automotive models, creating unique living spaces that reflect the ultra-luxury, high performance British marque.

Aston Martin Director of Brand Diversification, Stefano Saporetti said; “For Aston Martin, real estate is a seamless brand extension with our strategic vision centered on growing Aston Martin beyond the automotive world. This crucial new multi project partnership with Valor Real Estate Development in Daytona is engineered to meet client demand for exclusive, ultra-luxury living opportunities.

‘Our growing real estate portfolio creates ultra luxury living that provides discerning clientele with a truly elevated ownership proposition, permanently reinforcing the Aston Martin brand globally.’

CEO of Valor Real Estate Development, Moises Agami said; ‘For four decades, Valor Real Estate Development has stayed true to one vision: creating iconic developments that are, in a word, transformative. Daytona Beach Shores is a rising star in Florida’s luxury market; an exceptional community and city leadership with the vision and vitality we seek in world-class destinations.

‘Every drive deserves a destination, and partnered with Aston Martin’s unmatched craftsmanship, precision, and ultra luxury approach, Aston Martin Residences Daytona Beach Shores will redefine the market and set a new benchmark for oceanfront living in a location synonymous with speed.’

Aston Martin Residences Daytona Beach Shores is located at 3411 South Atlantic Avenue, providing residents with spectacular ocean views. The development lies just a short drive from the Daytona International Speedway. Founded in 1959, the circuit is the historic home of the Daytona 500 NASCAR race, as well as the 24 Hours of Daytona, one of the three races that form the Triple Crown of endurance racing, along with the 24 Hours of Le Mans and the 12 Hours of Sebring.

The historic tri-oval track, which can also be configured as a 24-hour road course, has many important associations with Aston Martin’s racing history. In 2023, the Aston Martin Vantages of The Heart of Racing scored a one-two class victory at the 61st Rolex 24 at Daytona. In January 2026, the Aston Martin THOR Team’s Valkyrie will make its Daytona debut at the 64th Rolex 24 Hours of Daytona.

Aston Martin Residences Daytona Beach Shores will consist of 86 residential units arranged across an 18-floor structure covering approximately 215,000 square feet (20,000m²). The new building, which includes two parking floors, will be topped with two penthouse floors containing a total of eight ultra-luxury double-height units.

All apartments will have access to a world-class package of residential amenities, while the mixed-use development will include fine dining and an artisan bakery. In addition, the beachside development will provide direct access to one of the world’s most famous beaches.

Aston Martin Chief Creative Officer, Marek Reichman said ‘Aston Martin’s residential projects give our design team a unique opportunity to go above and beyond. Our world-class experience with crafted materials and surfaces, high quality detail design, and dynamic, expressive forms finds a natural expression in architectural design. Every Aston Martin car is an expression of beauty, a quality that requires mastery of balance and proportion. All Aston Martin properties share this obsessive approach, providing the perfect canvas for us to express our skills.

‘Aston Martin Residences Daytona Beach Shores will allow us to take our holistic design approach to another level, with scope for the unprecedented integration of bespoke design elements, highly customizable spaces, cutting edge amenities, and a strong symbiosis with Aston Martin’s world renowned design language. Architecture and interiors are where Aston Martin’s experience and expertise in craft, performance and beauty can be expressed to the full.’

Valor Real Estate Development brings more than four decades of experience to the partnership. To date, the team has collectively developed over a billion dollars of real estate, with a renewed focus on high-end and luxury residential design in Florida. As part of this groundbreaking multi-project partnership additional landmark sites are already under review in Mexico City and Tampa Bay, Florida.

VP Valor Real Estate Development and Grupo Bosque Real, Loen Salame said; ‘For over four decades, our commitment has been to redefine living in urban locations. North American expansion remains a critical focus of our multi-project partnership, and we are excited to be exploring opportunities with Aston Martin for further landmark developments in Mexico City and Tampa Bay’.

Aston Martin Residences Daytona Beach Shores is scheduled to be completed by 2029.