UPD Launches AED 300 Million Urban Life Residences in Business Bay

Qatar’s residential rental sector is showing clear signs of recovery, with leasing activity accelerating across major neighbourhoods and average rents edging higher in select areas, according to the ‘Qatar Residential Rental Market Q3 2025 Report’ released by Qatar-based rental payment solutions firm, Tatami.

The report indicates that both apartment and villa markets have gained momentum over the past year, supported by infrastructure improvements, population growth, and shifting lifestyle preferences.

“The rebound reflects renewed tenant confidence following the post-FIFA adjustment period,” Aimen Bedawi, Co-founder & CEO of Tatami, told The Peninsula. “Improved affordability, stabilising rental values, and new supply in emerging districts such as Lusail and Msheireb have encouraged stronger leasing activity. At the same time, shifting tenant preferences toward smaller, better-managed apartments and family-oriented suburban communities are signaling a healthy normalisation of Qatar’s rental market.”

Apartment leasing strengthened across most districts, with The Pearl remaining the top destination for renters, followed by Al Sadd, Msheireb, and Fereej Bin Mahmoud. However, Lusail emerged as the standout performer, with Fox Hills recording an 81 percent surge in leasing volume.

Average apartment rents in Lusail and Msheireb increased by 9.8 percent and 3.5 percent, respectively, reflecting renewed confidence in premium urban living supported by mixed-use developments and modern amenities.

The data also highlights growing demand for villas outside Doha municipality, particularly in Umm Slal and Al Rayyan. Among the tracked neighborhoods, Muraikh led with an 84 percent increase in rental transactions, followed by Al Thumama (+42 percent), Al Gharrafa (+33 percent), and Al Wukair (+30 percent).

Average rents rose most notably in Umm Slal Mohammed (+6.3 percent), Ain Khaled (+5.3 percent), and Al Meshaf (+4.9 percent).

Bedawi stressed, “Infrastructure has been a catalyst for the suburban villa market. Areas like Umm Slal, Al Rayyan, and Al Meshaf have benefited from better road networks, access to schools, and connectivity to Doha’s employment corridors. This has made suburban living not just more practical, but also more desirable, driving consistent growth in both rental volumes and average prices over the past year.”

Lease renewals have also risen markedly, underscoring greater stability in the market. Apartment renewals increased from 5 percent to 8.2 percent of total transactions year-over-year, while villa renewals rose from 9.1 percent to 15.3 percent.

According to the industry expert, this upward trend in renewals reflects both stronger tenant satisfaction and the influence of digital innovation.

“Technology is redefining how landlords and tenants interact,” Bedawi said. “Digital platforms have become crucial touch-points that enable transparency, convenience, and trust across the leasing journey. Beyond payments, integrated property-management systems deliver real-time visibility into asset performance and tenant engagement, empowering landlords to make informed, data-driven decisions. Conversely, when tenants feel in control and valued through these seamless digital interactions, renewal rates rise, and that’s exactly what we’re seeing across Qatar’s rental landscape.”

With new supply concentrated in key urban and suburban districts, the report projects a more stable and sustainable rental environment going forward.

The combination of infrastructure-led suburban growth, digital transformation, and renewed confidence in Qatar’s post-World Cup economy positions the residential market for continued resilience and balance.

Bedawi further added, “The residential market continues to show healthy momentum, reflecting the broader confidence in Qatar’s economy. We’re now in a phase of consistent, sustainable demand, not speculative surges.”

AMIS Development today announced the launch of Derby Heights, a residential project located in District 11, Meydan, Dubai. The development is set for handover in Q4 2027. The project launch took place today at AMIS sales center on Sheikh Zayed Road, Dubai.

Derby Heights introduces a refined vision of elevated living through a spatial edit by Casamia — a design narrative that brings together curated materials, tactile finishes, and refined aesthetics across the project’s shared and social spaces. The development reflects a commitment to thoughtful materiality and spatial harmony, creating an environment where design enhances everyday living. 

This project paves the way for a new trend of locally branded residences in Dubai, setting a new standard for urban living—combining luxury, design, and comfort in every corner of Derby Heights.

The development offers exclusive units consisting of one-bedroom and two-bedroom apartments, each thoughtfully designed to provide a modern living experience. Located just 15 minutes from Downtown Dubai, 5 minutes from the Meydan Racecourse, and 20 minutes from Dubai International Airport, Derby Heights provides the perfect blend of privacy and proximity to key lifestyle destinations in the city.

The development features an array of exclusive amenities including a state-of-the-art gym, a rooftop infinity pool, an outdoor cinema, a grand reception area, and an outdoor kids play area—all designed to offer a refined living experience for individuals and families.

Neeraj Mishra, Founder and CEO of AMIS Development said: “We are thrilled to introduce Derby Heights to the market. This project reflects our commitment to creating spaces that redefine urban living. Through this development, we’re able to offer a unique concept with ‘a spatial edit by Casamia’, bringing a sophisticated touch to every shared space. We believe this development will set a new benchmark for luxury living in Dubai, providing a sanctuary that is both serene and conveniently located.”

Mohib Mithani, Co-Founder of Casamia, said: “We’re proud to see Casamia’s material and design sensibility represented within Derby Heights. Through A Spatial Edit by Casamia, this project brings an exquisite material philosophy to life, where every detail contributes to an atmosphere of refined comfort.”

Since its inception in October 2023, AMIS Development has swiftly made its mark as a prominent player in Dubai’s luxury real estate sector. The company’s commitment to quality, innovation, and long-term value has struck a chord with both investors and buyers, positioning AMIS as a distinguished name in the UAE’s highly competitive property market.

TownX Real Estate Development, one of Dubai’s fastest-growing real estate developers with an AED 4 billion project portfolio, has completed its marquee Luma Park Views project nine months ahead of schedule and is set to commence the handover of 600 residential units in Jumeirah Village Circle (JVC), Dubai.

Featuring one, two and three-bedroom luxury apartments with breathtaking park views, the project marks a significant milestone in TownX’s mission to deliver high-quality developments in record time.

Haider Abduljabbar, Executive Director of TownX, said: “Completing Luma Park Views nine months ahead of schedule underscores our relentless drive for excellence and efficiency. We are dedicated to pushing boundaries and setting new standards in real estate, ensuring that every project we deliver creates lasting value for our residents and investors.”

Luma Park Views offers a blend of cutting-edge technology, luxury amenities, and community-oriented design. Residents can enjoy two sky pools, two Technogym-equipped gyms, a spacious internal garden spanning 32,000 square feet, and a suite of smart home systems. The development also features advanced security systems, including face recognition technology in the lifts, as well as smart door locks, EV charging points, and temperature-controlled pools.

Equipped with Siemens appliances and smart home systems, each apartment at Luma Park Views offers a modern living experience designed for comfort, convenience, and sustainability. The development’s energy-efficient design, combined with spacious interiors and premium finishes, makes it an ideal choice for families and professionals alike.

Since its inception in 2017, TownX has focused on delivering projects ahead of schedule with exceptional attention to detail. With over 967 units delivered and 1,774 apartments currently under development, the company continues to expand its footprint in Dubai’s real estate market. Key developments delivered by TownX include Easy18, Easy19, Luma21 and Luma22 in JVC, while ongoing projects include 11 Hills Park at Dubai Science Park and Ashley Hills in Arjan.

With a focus on family-oriented communities, TownX designs spaces that cater to all generations, prioritizing high-end finishes, energy-efficient designs and spacious interiors. Above all, the company is committed to enhancing the daily lives of its residents through exceptional user experiences.

Dubai’s high-end residential market has enjoyed another stellar quarter, with 103 homes sold for more than $10 million in Q3, a 24% increase on Q3 2024, according to the latest data from global property consultancy Knight Frank.

Strong demand in the luxury segment saw 17 transactions priced over $25 million – more than twice the number recorded in Q3 2024.

The latest quarterly figures pushed the number of deals in the $10 million-plus bracket to 357 in the first nine months of the year, which equates to a 26% increase on the same period in 2024, when 282 homes over US$ 10 million were sold.

Total transaction values increased at an even greater rate than the number of deals, topping $2 billion in Q3, representing year-on-year growth of 54%.

This increased activity in the ultra-luxury market saw high-value sales push up the average deal value in the $10 million-plus segment to more than $19.4 million, representing a 23.8% rise on Q3 2024.

Faisal Durrani, Partner – Head of Research, MENA, said: “The fact that the growth in total transaction values for US$ 10 million homes is rising faster that the number of deals is a stark indication of how fast prices are rising in this exclusive segment of the market. Dubai’s luxury market has cemented its status as a safe haven for international and local buyers. It looks set to be another record-breaking year for the US$ 10 million-plus homes market, following the 435 deals registered during 2024.”

The highest price achieved in the third quarter was for a seven-bedroom mansion in Asora Bay by Meraas, in the La Mer community, which sold for $95.3 million.

Will McKintosh, Regional Partner – Head of Residential, MENA, added: “Community living and exclusivity remain a big draw for high-net-worth-individuals looking to purchase in Dubai. La Mer exemplifies this with its combination of wellness-focused beachfront living, extensive amenities and proximity to prime retail and leisure destinations. Destination communities like La Mer place a strong emphasis on lifestyle and world-class amenities, which strikes a chord with domestic and international buyers.”

Dubai’s prime neighbourhoods

Knight Frank’s Prime Index for Dubai, which tracks values across 10 key luxury communities, averaged AED3,767 psf in the quarter, representing an 8.5% uplift on Q3 2024 (AED3,475 psf). Palm Jumeirah retained its crown as the busiest community for prime residential transactions in Q3 2025, accounting for 34% of the total number of deals. It was followed by Jumeirah 2, which accounted for 17% of US$ 10 million-plus purchases.

Durrani concluded: “Our analysis shows global HNWI budgets considering a home purchase in Dubai stand at US$ 32 million, topping out at US$ 45.7 million for Saudi nationals. Overall, 15% of HNWI from Saudi, the UK, India, China, Hong Kong and Singapore are prepared to spend upwards of US$ 80 million on a home in the city this year, and there remains a clear gap in the market of uber-luxury housing.”

Al Ghurair proudly introduces Al Ghurair Collection, the super-prime residential portfolio of Al Ghurair Development, the freehold real estate division of the company. Created to represent the pinnacle of Al Ghurair’s six-decade legacy, the Collection makes its debut with Wedyan, a landmark waterfront residence along Dubai Canal. Designed by world-renowned architect Kengo Kuma, in his first project in the UAE, Wedyan delivers on Al Ghurair Collection’s commitment to originality and craftsmanship to create something never seen before in Dubai. 

Al Ghurair Collection is positioned as the most exclusive expression of Al Ghurair Development, reserved for residences of rare character in sought-after locations. Anchored in Al Ghurair’s track record in contributing to the evolution of Dubai, the company has active interests in banking, development, foods and mobility. The Al Ghurair family established the region’s first shopping mall and mixed-use concept in 1981, the first private insurance company in 1975 and the first private bank in 1967. The company has also been involved in major infrastructure projects such as Dubai Metro and the façade glazing of Burj Khalifa. To date, Al Ghurair has built and managed more than 20,000 residential and commercial units in Dubai, alongside nearly 1,000 hotel rooms and serviced units.

Sultan Al Ghurair, CEO of Al Ghurair Development, said: “Al Ghurair Collection marks a new chapter for us. It is a natural evolution of our commitment to the progress of the city. As Dubai has grown into one of the world’s most dynamic and successful destinations, and is increasingly drawing sophisticated residents from all over the world, the time felt right to introduce what we feel is the ultimate expression of exceptional living to be found here.

We created Al Ghurair Collection to develop buildings that don’t exist elsewhere. Our search for an architect that shares our commitment to originality and obsession with detail led us to Kengo Kuma, a visionary with a truly unique design perspective.”

John Iossifidis, Group CEO of Al Ghurair, said: “The launch of Al Ghurair Collection represents a defining milestone for Dubai’s real estate sector and reflects Al Ghurair’s future-focused strategic vision. We enter this space with the strength of a legacy built over six decades, anchored in trust, innovation, and an uncompromising commitment to quality and excellence.

Al Ghurair Collection will bring a fresh perspective to the market, powered by the integrated capabilities of our diversified business. Our mission is clear: to create visionary projects, build with purpose, and deliver spaces that provide enduring value, financially, socially, and culturally, for generations to come.”

The launch of Wedyan comes as demand for ultra-luxury property in Dubai reaches unprecedented levels. In the first half of 2025, the city recorded AED 431 billion in transactions, a 25% increase year-on-year, with sales of homes above AED 10 million growing more than fourfold in recent years. This market evolution reflects the interest discerning families from around the world have in making Dubai their permanent home. 

Designed by Kengo Kuma and with its name meaning ‘valleys’, Wedyan is envisioned as a future landmark, marking his first project in the UAE. Kuma San, celebrated for cultural works such as the Japan National Stadium in Tokyo and the China Academy of Art’s Folk Art Museum, is recognised globally for an approach that harmonises architecture with nature. At Wedyan, he has applied this approach by shaping a façade inspired by the movement of water and sand. Its layered profile and textured exterior, echoes the rhythm of the desert and valleys, creating a building without precedent in the city.

Kengo Kuma said “Wedyan is a dialogue between Japanese aesthetics and the context of Dubai. Our design philosophy is to connect and create a conversation between architecture, nature and people. In this project, our purpose is to bring softness to the design and to create quietness through shadows that cascade and reflect across the façade, terraces and amenity spaces.

Collaborating with Al Ghurair has been exciting. They understand the value of design, and we share a mutual respect that naturally led to a positive harmony in bringing Wedyan to life,” he continued.

Soaring 46 storys high, Wedyan comprises 149 residences with a mix of three-, four-, and five-bedroom layouts, two full-floor penthouses and a three-story sky villa. Some of the key features include generous outdoor living spaces purposefully designed to be multifunctional, for maximum comfort and livability; additional back-of-house kitchen with separate access alongside the main kitchen, perfect for hosting catered dinner parties; and specialized glazing that protects owners’ artworks from UV rays.  A selection of residences also come with standalone Japanese teahouse-inspired pavilions; easily adapted to suit residents’ needs, they could make the perfect setting for morning meditations or serve as a one-of-a-kind recording studio.

Al Ghurair Collection worked with more than 30 specialists to consider every aspect of how to live well, among them, lighting, kitchen, façade and parking consultants. The landscaping is realized in collaboration with Gustafson Porter + Bowman, integrating greenery and water features into every level of the building. Deep-planted terraces and shaded promenades create gardens in the sky, enhancing privacy. The planting palette includes species selected for their resilience, aesthetics and compatibility to Dubai’s climate, such as aloe vera, Bismarck palm and trailing ice plants. At ground level, a landscaped promenade and shimmering water accents contribute to the beauty of Dubai Canal.

Featuring every possible convenience a resident might need to live well, Wedyan offers more than 65,000 sq ft of amenity space carefully distributed across distinct levels in the building.  Just below ground level, The Oasis arrival experience is lined with greenery and water features that lead into a luxury car stacker which is humidity- and temperate-controlled.  The Shore and The Valley on Levels 2 and 3, are dynamic spaces for active living and leisure time with family and friends, as well as for hosting and entertainment. The Cave is a curated wellness cocoon situated on Level 17 and The Mountain located on the 36th floor is a dedicated space for private meetings. Some inspiring amenities include private treatment rooms allowing residents to bring their own trusted therapists, reformer Pilates studio, a podcast room, and boxing facilities. Filtered air and water systems are integrated throughout the building to support overall wellbeing.

Positioned on one of Dubai’s prime waterfront locations, Wedyan places residents within minutes of the city’s cultural, business, and retail districts, including Business Bay, Jumeirah, and Downtown Dubai, as well as within 20 minutes of Dubai International Airport. Al Ghurair Collection’s dedicated Sales Centre in the Mashreq HQ Tower in Downtown Dubai will welcome prospective buyers, providing an immersive introduction to Wedyan and its design ethos.

Object 1 marked another milestone with the launch of its series of projects, ELAR1S Sky and ELAR1S Rise, unveiled at an exclusive gala dinner at Atlantis The Royal. Hosted by radio and media icon Kris Fade, the event gathered brokers and real estate professionals for an evening that reflected the developer’s growing influence in Dubai’s real estate sector. Both towers are located in District 3 of Jumeirah Village Triangle (JVT), where Object 1 ranks among the top three developers.

The launch underscored Object 1’s vision to redefine modern living in Jumeirah Village Triangle, introducing developments that strike a balance between community living, design elegance, lifestyle convenience, and long-term investor appeal. Both projects are inspired by the elements of air, light, and life, embodying a sanctuary of balance, tranquility, and natural harmony. Within its flowing architecture, spaces for living, working, and gathering coexist seamlessly, reinforcing Object 1’s commitment to creating spaces where residents can live, connect, and thrive.

Tatiana Tonu, CEO of Object 1, said: “The launch of ELAR1S Sky and ELAR1S Rise is a proud moment for us, as it represents our vision of creating communities where design, lifestyle, and investment potential meet. We believe JVT is one of Dubai’s most promising residential hubs, and these projects are designed to deliver long-term value for both residents and investors. The overwhelming response at our launch event reflects the trust and confidence the market places in Object 1.”

ELAR1S Sky will rise 43 floors in District 3, JVT, offering 402 residences from studios to two-bedrooms, while ELAR1S Rise will add 198 residences alongside retail and office spaces across 24 floors. Together they form a vibrant ecosystem within the community, offering premium amenities such as infinity pools, lush gardens, clubhouses, gyms, outdoor fitness areas, kids’ play spaces, outdoor lounges, and integrated smart home systems, blending comfort, leisure, and family living with modern convenience.

As Jumeirah Village Triangle continues to perform strongly, the district has seen rental prices climb over 20% with yields averaging 6–8% per year, while transaction volumes rose 62% in early 2025 compared to the same period last year. Backed by Dubai Holding and RTA’s infrastructure upgrades, including the upcoming Purple Metro Line, JVT is rapidly becoming one of Dubai’s most sought-after communities. The addition of ELAR1S Sky and ELAR1S Rise strengthens this momentum, aligning with the Dubai 2040 Urban Master Plan and reinforcing Object 1’s position among the top ten developers in the city.

Both projects are anticipated for handover in 2028, adding to Object 1’s fast-growing portfolio of investor-focused and family-oriented developments across the city.

Dubai Islands is stepping into the spotlight as one of Dubai’s most ambitious waterfront destinations, bringing a wave of new opportunities for residents, visitors, and global investors. Backed by Nakheel and aligned with Dubai’s 2040 Urban Master Plan, the multi-island development is rapidly taking shape as a hub for luxury living, cultural experiences, and long-term capital growth.

Spanning 17 square kilometers with 20 kilometers of beachfront, Dubai Islands will offer a balanced mix of luxury residences, hospitality, retail, leisure, and cultural districts across five interconnected islands, all minutes from the city and Dubai International Airport. Planned RTA bridge enhancements will further streamline connectivity, reinforcing everyday convenience for residents and visitors.

Dubai Islands H1 2025 performance

According to Betterhomes Research, Dubai’s real estate market delivered its strongest ever half-year in H1 2025, with total transactions across the emirate surpassing AED 262 billion.

Within this momentum, Dubai Islands alone recorded AED 6.1 billion in sales from 1,936 transactions between January and June 2025, positioning the destination among Dubai’s most active and sought-after coastal districts.

• Apartments:
  1,895 sales totaling AED 5.63 billion.
  Average price: AED 2.9 million
• Villas also saw strong traction (Dubai Islands, H1 2025):
  28 transactions, averaging AED 15 million per villa.
  Six-bedroom residences averaged AED 44.4 million.
• Price positioning:
  Dubai Islands residential average: AED 2,340 per sq ft.
  Comparative context: Palm Jumeirah averages AED 3,000+ per sq ft.
• Yields and growth:
  Coastal communities, including the Dubai Islands, are already outperforming on yields and long-term appreciation. Premium waterfront areas across the emirate achieved 12%–15% annual price growth by June 2025, underscoring Dubai Islands’ potential for above-market returns, especially for early movers.

“Dubai Islands combines a premier waterfront setting with practical city access and a pipeline of branded hospitality and lifestyle assets,” said Wassim Abdallah, Director of Development Sales and Consultancy at Betterhomes.

“That together is drawing both end-users who want a resort-style daily life and investors who prioritize yield resilience and capital growth,” he added.

Ongoing developments & key players in the Dubai Islands

Dubai Islands is anchored by Nakheel as master developer and is building momentum with a growing mix of hospitality-led and residential projects that strengthen its destination appeal. The islands already feature Rixos Dubai Islands Hotel & Residences, bringing branded, service-led living to the waterfront, alongside operational family-focused resorts such as Hotel Riu Dubai and Centara Mirage Beach Resort Dubai, which have helped establish steady leisure footfall. As infrastructure phases progress, new residential neighborhoods, primarily low- to mid-rise beachfront and waterfront addresses, are set to roll out with elevated community amenities and enhanced promenade experiences. Complementing these homes, planned cultural, retail, and marina precincts will complete a full lifestyle ecosystem of dining, wellness, and community spaces, reinforcing the Dubai Islands’ long-term liveability and investment fundamentals.

Why choose the Dubai Islands?

For end-users, Daily life feels like a private resort, with long beachfronts, pedestrian-friendly promenades, and branded hospitality on your doorstep. Connectivity is practical: close to Deira, Old Dubai, and DXB, with RTA bridges enhancing access to the rest of the city. Homes prioritize light, flow, and indoor-outdoor living, ideal for families, professionals, and second-home buyers who want water, space, and services without sacrificing city convenience.

For investors, the case rests on three forces: genuine waterfront scarcity in a regulated, globally connected market; price efficiency versus mature peers like Palm Jumeirah, allowing room for price discovery; and branded hospitality with curated placemaking that supports resilient occupancy and rental performance. With H1 2025 data showing strong sales volumes and premium price-per-square-foot benchmarks, Dubai Islands presents an attractive entry point for yield and long-term value.

What’s next for the Dubai Islands

With more than 10,700 residential units currently under construction across multiple developers, and more set to be added to the inventory, the pipeline underscores strong, sustained growth. As infrastructure advances, the Dubai Islands will welcome a new wave of flagship residential and lifestyle projects from leading developers, expanding choice for buyers and deepening the destination’s appeal. This marks a prime window for first movers to secure positions in Dubai’s newest, fully connected waterfront address.

Sobha Realty has announced strong initial sales at its flagship Downtown UAQ | Sobha Realty master development, reinforcing rising investor confidence in Umm Al Quwain as the UAE’s next coastal growth hub.

Within just one week of its launch, the developer confirmed that over 50% of units in the first three residential towers were sold, setting a new benchmark for sales velocity in the northern emirates.

The 25-million-square-foot master development, located along Umm Al Quwain’s natural waterfront, is envisioned as the Coastal Skyline of the Future. The project integrates premium residences, commercial hubs, hospitality offerings, and lifestyle amenities to create an exceptional living experience. It is designed to balance modern living with environmental stewardship, with more than half of the total land area dedicated to open and green spaces.

The master plan spans 11 kilometers of pristine waterfront and includes over 7 kilometers of uninterrupted natural beach, two marinas, landscaped boulevards, and future-ready mobility solutions such as water taxis. It will also feature the UAQ Trade Centre, premium office space, and leisure attractions to strengthen its position as a mixed-use destination.

The first residential cluster, Sobha Aquamont, was unveiled earlier this year and comprises three towers of one-, two-, and three-bedroom waterfront apartments. The towers are designed to maximize natural light and coastal views, in line with Sobha Realty’s emphasis on luxury, craftsmanship, and sustainability.

“Umm Al Quwain is emerging as a highly attractive destination for residents and investors seeking world-class coastal living in a natural environment,” said Francis Alfred, Managing Director of Sobha Realty. “The strong sales response at Downtown UAQ reflects both the confidence in Sobha Realty’s vision and the growing appeal of Umm Al Quwain as a market poised for long-term growth.”

Adding to Sobha Realty’s expanding UAE portfolio of luxury communities, Downtown UAQ | Sobha Realty reinforces the company’s reputation for engineering excellence and sustainable urban design. It also highlights the growing momentum of mixed-use coastal projects in the UAE, which are attracting increasing interest from both domestic buyers and international investors.

By setting a new sales benchmark in its opening week, Downtown UAQ | Sobha Realty has established itself as one of the region’s most ambitious and promising waterfront destinations.

As Abu Dhabi’s real estate market evolves, investors are gravitating toward properties that offer luxury, natural surroundings, and future-proof infrastructure along the city’s waterfront. In the first half of 2025, the Abu Dhabi Real Estate Centre (ADREC) reported a record AED 52 billion in total real estate transactions, a 39% increase compared to the same period in 2024, reflecting strong investor confidence in the emirate’s high-value property sector. Waterfront districts are at the forefront of this growth, offering a rare combination of scenic mangrove-lined lagoons, pristine beaches, luxury marinas, and iconic architectural developments. 

Artemiy Marinin, Project Director at MERED, identified key trends that offer compelling investment opportunities for discerning buyers:

1. Al Reem Island, urban waterfront with natural serenity

Al Reem Island offers a rare combination of urban convenience and tranquil waterfront living. Lagoon-facing plots and high-rise apartments overlooking the Arabian Gulf create strong scarcity-driven demand. MERED’s latest Pritzker Prize–designed waterfront development promises to harmonize modern architecture with nature, offering landscaped oasis gardens, green terraces, and open-air spaces, making it a sought-after location for investors seeking value in a central, nature-integrated setting. Reem Island experienced a remarkable 38% year-on-year increase in off-plan property prices during Q2 2025, reinforcing its position as one of Abu Dhabi’s top-performing investment destinations.

2. Saadiyat Island, cultural prestige meets pristine coastline

Saadiyat Island is renowned for its ecological and cultural appeal, with protected beaches, coral reefs, marine reserves, and landmark institutions like the Louvre Abu Dhabi. Beachfront properties, combined with strong conservation measures, support the Island’s long-term growth. Villas and residences with lagoon or sea views offer luxury living, often feature private pools and landscaped gardens. According to Knight Frank, villas on Saadiyat Island recorded the highest price growth in H1 2025, up 28% year-on-year, underscoring its status as a secure investment. The island’s combination of heritage and natural beauty makes it particularly attractive for buyers seeking integration with the capital’s culture and exclusivity.

3. Yas Island, an entertainment hub with hidden natural gems

Yas Island is celebrated for its entertainment offerings, including Ferrari World, Yas Marina Circuit, and luxury hotels, yet it also offers tranquil natural features. Thoughtful planning has created a community with expansive green parks, a premier golf course, and a pristine public beach. Transaction values reached AED 5.86 billion in H1 2025, highlighting strong investor interest. Eco-conscious projects and the island’s unique mix of leisure, lifestyle, and waterfront living continue to fortify its sustainable investment potential.

4. Al Maryah Island, central business waterfront with scenic promenades

Al Maryah Island serves as a key financial district while offering a distinctive waterfront lifestyle. Landscaped boardwalks, cafés, and leisure paths connect residents and professionals to the sea. Premium apartments offer unobstructed views, while green corridors and water-sensitive planning promote sustainable, resilient development. The integration of central business amenities with high-quality residential offerings makes Al Maryah Island attractive for investors seeking scenic natural appeal, business connectivity, and stable property value.

5. Al Fahid Island, wellness-focused waterfront living

Al Fahid Island, strategically located between Yas and Saadiyat Islands, is Abu Dhabi’s newest luxury waterfront destination. Covering more than 6,000 residential units, the island offers an 11km coastline, offering residents a lifestyle closely connected to nature and the waterfront. Mangrove-lined streets, beachfront access, and wellness-oriented amenities foster outdoor activity and balanced living. Educational and lifestyle facilities, including the first UAE campus of King’s College School Wimbledon, scheduled to open in 2028, ensure lasting investment resilience in this forward-looking waterfront community.

Snowflake, the AI Data Cloud company, has been appointed by Saudi real estate developer Red Sea Global (RSG) to accelerate its digital transformation by deploying advanced AI and data solutions across its operations.  With Snowflake, RSG is enhancing guest experiences, simplifying deployment of AI, and establishing scalable AI capabilities that support the Kingdom’s ambition to be a global leader in AI.

The developer and hospitality management company previously faced delays in scaling AI models, limitations in local infrastructure and operational expertise, and fragmented data across systems. By using Snowflake Cortex AI, RSG now benefits from the flexibility of a hyperscaler-agnostic platform and has moved from proof-of-concept response times of 45 seconds to near real-time insights, eliminated data silos by consolidating multiple dashboards into a single source of truth, and simplified operational deployment.

With Snowflake Cortex AI at its core, RSG has built AI Destination Assistant (ADAI), a next-generation AI solution that ingests data across bookings, mobility, flights, and hospitality services, and responds to natural language queries with trusted, accurate, and instant insights. For instance, employees can ask “how many pregnant women are coming to the destination,” to ensure its medical readiness and guest safety.

For analysts, ADAI delivers the answer, the SQL query, and additional insights, serving as an “analyst in the pocket.” This has reduced IT overhead, eliminated costly GPU infrastructure and MLOps requirements, and shrunk time to insight from weeks to seconds. Employees are no longer dependent on business intelligence teams and can make faster, data-driven decisions that improve service quality by anticipating guest needs, enabling smarter planning, higher safety standards, and better experiences.

Ali Al-Ismail, Country Manager for Snowflake KSA, said: “RSG is setting the benchmark for AI adoption in Saudi Arabia by using Snowflake Cortex AI to implement advanced large language models and agentic AI at scale. By centralizing data, removing infrastructure barriers, and empowering staff with real-time insights, RSG is unlocking measurable cost savings, productivity gains, and improved customer outcomes. We are proud to support RSG in using the AI Data Cloud to redefine hospitality management.”

Sultan Moraished, Group Head of Technology and Corporate Excellence, Red Sea Global, said: “Leveraging Snowflake has enabled RSG to address the technology and operational barriers that previously limited our data and AI capabilities. With Cortex AI powering our ADAI platform, we have moved from slow proof-of-concept models to near real-time insights that help us plan smarter, deliver greater efficiency, and enhance the overall guest experience. This is enabling us to reimagine how we manage our destinations, while contributing to the Kingdom’s Vision 2030 goals through advanced use of AI and data.”

Snowflake’s support of RSG reflects KSA’s wider push to integrate AI across industries as part of Vision 2030. According to PwC, the Kingdom is expected to gain up to US$135.2 billion from AI by 2030, the largest economic boost in the region. With the nation’s public cloud market projected to reach $13.97 billion by 2033, and 81% of CEOs already embracing AI, organizations like RSG are demonstrating how having the right data strategy is driving successful AI outcomes.

Snowflake recently honored RSG with the AI Visionary Award 2025 at the Smart Data & AI Summit (SDAIS) 2025 in recognition of its ADAI solution, which transforms business AI capabilities and elevates customer experiences. The accolade underscores the company’s role in driving future AI innovation and highlights Snowflake’s commitment to enabling future AI innovation in the Kingdom.

Looking ahead, Snowflake is working with RSG on developing autonomous actions within the platform, moving toward a fully agentic AI system that reduces manual intervention and improves responsiveness.

Worldlink Conferences proudly announces the Modern Buildings Summit 2025, taking place at Dusit Thani, Dubai, 28–29 October 2025. This landmark event will gather leading voices from architecture, urban planning, sustainability, and construction to explore how innovation, technology, and design are shaping the future of the built environment.

With Dubai at the forefront of modern urban development, the summit will spotlight transformative solutions in sustainable architecture, energy efficiency, smart technologies, and future-proof infrastructure.

Joining the summit are some of the most influential voices in architecture, design and sustainability.

• Faisal Rashid – Senior Director – Demand Side Management, Supreme Council of Energy
• Nabil Shahin – Managing Director, AHRI
• Alexander Ott – Partner and Head of Design, Coop Himmelb(l)au
• Benjamin Piper – Architectural Design Director, Integrity Design Consultancy
• Mahmoud Shahin – Design Director, P&T Architects
• Marcos Rosello – Founding Director, All Design
• Zain Ahmed – Senior Manager – Strategic Consulting, JLL
• Lindsey Malcolm – Sustainability Lead, Middle East, Turner & Townsend
• Sanaz Sheikhi – Senior BIM Manager, Dewan Architects + Engineers
• Philip Keil – Technical Director – Facade, AESG
• Ghina Yamak – Principal Facade Consultant, Zutari
• Loubna Al Zalek – Director of Design Development, ARM Holding
• Richard Fenne – Director, Woods Bagot
• Irmak Sener – Senior Sustainability Manager, pmk Consult
• Akshay Deshpande – Urban Design Lead, Arup
• Bhakti More – Chairperson & Professor, Manipal Academy of Higher Education
• Nima Shoja – Senior Director, Studioi
• Alexander Ott – Partner and Head of Design, Coop Himmelb(l)auMore to be announced soon!

Don’t miss out, the summit will serve as a platform for:

• Showcasing cutting-edge solutions in modern architecture and sustainable construction.
• Engaging in thought-provoking discussions on climate-responsive design, smart urban spaces, and resilient infrastructure.
• Networking with policymakers, leading architects, consultants, and developers shaping the skylines of tomorrow.

Event Details:
📍 Dusit Thani, Dubai, UAE
📅 28–29 October 2025

For sponsorship, exhibition, delegate passes and speaking opportunities, please visit.

Saudi Arabia has introduced sweeping new regulations for Riyadh’s rental market, freezing rent increases for both residential and commercial properties for the next five years in a bid to stabilize housing costs and ensure fairness between landlords and tenants.

The measures, approved by the Council of Ministers and enacted through a royal decree, follow directives from Crown Prince and Prime Minister Mohammed bin Salman, who earlier ordered reforms to address sharp rent hikes in the capital.

Under the new rules, which took effect, the total rental value of properties—whether in existing or new contracts—cannot be increased for five years within Riyadh’s urban boundary. The same framework could be extended to other cities and governorates if deemed necessary by the Real Estate General Authority with the approval of the Council of Economic and Development Affairs.

Vacant properties in Riyadh will have their rent fixed at the value of the most recent registered contract. For units that have never been rented, landlords and tenants may agree on the initial rent freely.

All contracts must be registered through the “Ejar” platform, either by landlords or tenants, with a 60-day window for objections. If no objection is raised, the contract data will be deemed valid.

Automatic renewals will also be regulated: lease agreements nationwide will be renewed unless one party notifies the other at least 60 days before expiry. In Riyadh, landlords cannot refuse renewal if tenants wish to extend, except in three cases: non-payment, structural defects affecting safety, or the landlord’s intent to use the property personally or for a first-degree relative.

The new regulations also allow landlords to appeal fixed rents in limited circumstances, such as after significant renovations or if the last contract was signed before 2024.

Violations will carry fines of up to the equivalent of 12 months’ rent, alongside compensation for affected tenants. Whistleblowers can receive up to 20 percent of the fine as a reward for reporting violations.

The Real Estate General Authority will oversee enforcement in cooperation with other agencies, monitor rent levels, and submit regular reports to the Crown Prince.

Officials said the measures mark a turning point in Riyadh’s rental market, aiming to restore balance, increase transparency, and provide a safe and fair environment that supports sustainable urban development and quality of life.

Dubai’s property market has surpassed 123,000 residential unit sales since the start of the year, according to the Dubai Land Department, and Q3 is currently recording over AED 91 billion in transactions with a week left until the new quarter. The surge highlights sustained investor confidence and the city’s growing appeal as a global real estate hub.

Developers are responding by expanding their portfolios and focusing on lifestyle-led, design-conscious projects. QUBE Development, with a AED 4.4 billion portfolio, is actively driving the way with high-quality residential, commercial, and retail developments. As it stands, QUBE’s portfolio reflects a strategic focus on design-led, lifestyle-oriented developments that prioritize quality, durability, and community across residential and commercial assets.

After Dubai’s real estate market recorded AED 184.3 billion in Q2 sales, marking a 49 per cent year-on-year increase from 2024 and the highest quarterly total in the emirate’s history, the luxury segment alone has seen a surge in demand. QUBE recently announced its latest project, ELIRE Managed By LUX* in Business Bay, further expanding its growing portfolio of distinctive developments. The upcoming branded residence project in collaboration with The Lux Collective, the award-winning global hospitality group behind the flagship brand LUX*, distinguishes itself by offering an unparalleled suite of high-end services, from dedicated residence concierges and valets to in-residence catering and childcare, ensuring every need of its residents is meticulously met. ELIRE will also provide a seamless, worry-free living experience through its comprehensive “While You Are Away” maintenance package and turnkey in-residence solutions, ensuring peace of mind for residents who frequently travel. Complementing this, bespoke services such as private chef dining and personal shopping services elevate the lifestyle experience, catering to the sophisticated needs of a new generation of local, regional, and international buyers looking for exclusive and ultra-luxury communities.

“At QUBE, our projects are designed to redefine luxury living through thoughtful design and high-value service,” said Hala Adra, Project Director at QUBE Development. “ELIRE, for example, combines luxury residential living with hospitality-level amenities, personalized services, and maintenance solutions that cater to a global clientele. Every detail is meant to offer residents convenience and long-term value, setting a new standard for luxury communities in Dubai.”

As demand for high-quality and design-conscious living continues to rise, QUBE’s portfolio reflects a clear understanding of Dubai’s evolving market. Through projects such as Cubix Residences and Arisha Terraces with their wellness-focused amenities and rooftop gardens, QUBE is committed to delivering exceptional living experiences.

Yas Marina, a lifestyle destination like no other and the GCC’s only marina awarded the prestigious Five Gold Anchor Platinum accreditation, is proud to announce the arrival of the Orchid Overnight Superyacht, Abu Dhabi’s first-ever floating hotel.

Permanently docked at Yas Marina and operated by Dutch Oriental, the Orchid Overnight introduces a new era of hospitality in the UAE. Seamlessly blending refined seafaring design with five-star hotel standards, the superyacht offers guests a unique opportunity to experience luxury accommodation on the water. Featuring polished interiors, private suites, and dedicated guest services, the superyacht provides an elevated stay in one of Abu Dhabi’s most iconic destinations.

Jassim Albastaki, General Manager at Yas Asset Management, said: “The launch of Orchid Overnight marks a bold new chapter in Abu Dhabi’s hospitality scene, and we’re proud to host it at Yas Marina. Combining the elegance and exclusivity of a superyacht with the comfort of a luxury hotel, it offers a truly one-of-a-kind experience. Paired with Yas Marina’s amenities and entertainment, it’s a seamless blend of sophistication and lifestyle. Strategic collaborations such as this strengthen Yas Island’s position on the global stage as a premier destination for exceptional leisure and entertainment experiences.”

Swapnil Patrikar, General Manager- Hospitality & Business Development from Dutch Oriental Megayachts, said: “Choosing Yas Marina as the home of The Orchid Overnight was a natural decision. It offers facilities that cater seamlessly to the needs of our guests, while its prime location makes it easily accessible for visitors from both Abu Dhabi and Dubai. With Zayed International Airport just moments away, it also provides unparalleled convenience for international travelers arriving to experience this one-of-a-kind floating hotel.”

As part of the experience, escape to an enchanting overnight stay, surrounded by panoramic sunsets and the serene sea. Enjoy gourmet delights, crafted by expert chefs. Amenities include 360° sun deck views, 24/7 Front Desk, Concierge & Housekeeping, Smart room automation, King or Twin beds, Premium bathroom amenities, and Floor-to-ceiling windows, offering guests an unforgettable journey around the stunning Abu Dhabi coastline. To welcome the new season, Orchid Overnight Superyacht will be introducing sundowner and dinner cruises from October 2025.

LUXURY AFLOAT

The Orchid Overnight Superyacht features 31 guest rooms, thoughtfully designed to accommodate a variety of preferences:

• 24 Superior Rooms (25 sqm) with king or twin beds and private bathrooms
• 4 VIP Rooms (30 sqm) with king beds and ensuite bathrooms
• 3 Royal Suites (60 sqm) featuring a king bed, sofa bed, living area, private hot tub, and shower

Prices start from AED 990 per night per room. This Superyacht is also available for private hire—ideal for corporate gatherings, private celebrations, or full buyouts of all 31 rooms and suites. Cruise around Abu Dhabi in unmatched style and luxury, making your special occasion truly unforgettable.

WORLD-CLASS AMENITIES

Guests can enjoy a host of premium facilities, including:

• A sun-soaked top deck with loungers, dining areas, buffet stations, and full-service bartenders
• A spacious reception area with concierge service
• Flexible F&B options – including full board, bed and breakfast, and 24-hour in-room dining curated by onboard chefs
• Unlimited soft beverages served during all sunset and dinner cruises

TAILORED EXPERIENCES

For those seeking a bespoke escape, Orchid Overnight offers tailor-made services such as Rolls-Royce transfers, curated excursions, and customized group packages ideal for weddings, events, or corporate retreats.

With its debut, the Orchid Overnight Superyacht sets a new standard for experiential luxury in the UAE, a floating haven for discerning travelers seeking something beyond the ordinary.

Kuwait’s housing minister called on the private sector to help tackle a housing crisis, where demand is far outstripping the supply of new homes after decades of state management of the sector.

According to its constitution, the oil-rich state is responsible for assisting all Kuwaiti families in obtaining housing. However, it has struggled to meet rising demand and now many are forced to wait for years for accommodation.

The housing authority said requests have reached 105,000 and are rising at 3% annually, with demand seen at 197,000 by 2035, a presentation showed on Wednesday.

“The private sector today is a true partner in solving this problem, and the reliance now is on you,” Housing Minister Abdulatif Al-Meshari told a conference attended by hundreds of representatives from private real estate companies and local and foreign banks.

The government is currently restructuring the Public Authority for Housing Welfare, which for decades has been the executive arm for providing homes to its 1.5 million citizens.

“Now I will be the regulator, I will follow up with you, follow up on the projects and the quality, but the core of the matter is with you,” Al-Meshari said.

Kuwait last week opened pre-qualification for foreign and local private firms to develop three housing projects across four areas covering 4.15 million square meters (44.6 million square feet), under a real estate development law approved in 2023 and enacted this month.

The 30-year contracts cover design, financing, construction, operation and the sale of housing units to citizens, with four years for building and 26 years for investment, while non-residential assets will be transferred to the government.

Al-Meshari did not have estimates for the value of the projects.

The government is drafting a mortgage law to let banks and finance firms provide housing finance, which the minister said will be ready within weeks.

Kuwait is developing major cities, including Al-Khairan, Nawaf Al-Ahmad and Al-Sabriya, with about 185,000 housing units over 355 sq km, the housing authority said.

“This is a launch, not the goal. The goal is to solve the housing problem,” the minister said.