Sharjah Investment and Development Authority achieves 96% sales across flagship projects

Sharjah Investment and Development Authority achieves 96% sales across flagship projects

News 3 months ago

Sharjah, UAE – December 22, 2025 – The Sharjah Investment and Development Authority (Shurooq) has recorded AED 5.8 billion in total sales across its flagship real estate projects, achieving 96.4% of units sold across Maryam Island, Sharjah Sustainable City, and Ajwan in Khorfakkan. Together, these developments comprise 4,520 units, of which 4,358 have been purchased by local and international buyers.

Maryam Island, a waterfront joint venture with Eagle Hills, achieved 99% sales with AED 3.14 billion in transactions, while Sharjah Sustainable City, developed with Diamond Developers, fully sold its 1,252 units generating AED 2.5 billion. Ajwan Khorfakkan has sold 62% of its 185 units, totaling AED 271 million, and will feature premium residences alongside leisure and tourism amenities.

The performance underscores Shurooq’s contribution to Sharjah’s urban development and the UAE’s non-oil economy, with real estate representing 7.6% of national non-oil GDP. The results also reflect strong investor confidence and the growing global appeal of Sharjah’s property market.

Yousif Ahmed Al Mutawa, Shurooq’s Chief Real Estate Officer, said the results highlight the authority’s role in driving Sharjah’s urban transformation and providing long-term investment value. He confirmed that new landmark real estate projects are planned to strengthen Sharjah’s competitiveness and promote sustainable growth.

Nisus Finance invests Dh220 million in acquiring Lootah Avenue in Motor City

News 3 months ago

Dubai , December 22 , 2025 :

Nisus Finance Services Company Limited (NIFCO) has acquired Lootah Avenue, a fully occupied residential development in Dubai Motor City, for Dh220.76 million, including acquisition, transaction and refurbishment costs. The investment was made through the Nisus High Yield Growth Fund, domiciled in the Dubai International Financial Centre, with a feeder structure in GIFT City to enable Indian investor participation.

Completed in 2021, Lootah Avenue comprises 273 residential units, along with a medical centre and eight retail outlets. The deal is backed by Emirates NBD and supported by global institutional investors.

The acquisition comes amid continued strength in Dubai’s property market, where real estate transactions reached Dh624.1 billion in the first 11 months of 2025. Nisus Finance said the investment reflects rising institutional confidence in Dubai real estate, particularly in established communities such as Motor City, which has shown stronger price growth than the wider market.

The transaction is Nisus Finance’s largest investment in the UAE to date and more than doubles the combined value of its existing UAE portfolio. The firm said its strategy focuses on ready, income-generating assets to meet demand from end users and investors seeking alternatives to off-plan projects.

Louis Philippe Enters Bahrain with its 1st Exclusive Store

News 3 months ago

Bahrain, December 20, 2025: – Louis Philippe, the iconic menswear brand celebrated for its timeless
elegance, sartorial finesse, and modern design sensibilities, has announced the launch of its first
exclusive store in Bahrain. The 1,586 sq. ft. store, located at City Centre Bahrain in the Seef District,
was inaugurated by H.E. Vinod K. Jacob, Ambassador of India to the Kingdom of Bahrain, Jacob
John, President, Aditya Birla Lifestyle Brands Limited franchisee partner Prakash
Pattabhiraman, Managing Director, Kalyan Silks and Mahesh Pattabhiraman, Executive
Director, Kalyan Silks, Juzer T Rupawala, Director, Lulu Group International, Bahrain. The
opening marks a significant milestone in the brand’s international expansion, further strengthening its
presence across the GCC.
Following the brand’s successful global expansion with exclusive stores in Dubai, Qatar, Mauritius,
Nepal, etc., the debut in Bahrain brings Louis Philippe’s signature blend of style, craftsmanship, and
quiet sophistication to a discerning and fashion-forward audience. Designed in line with the brand’s
new retail identity, the store features a refined, teal-toned interior – a modern, minimalist space that
reflects Louis Philippe’s evolving aesthetic rooted in clean lines, contemporary classics, and a design
language shaped by confidence and global perspective.
Commenting on the launch, Jacob John, President, Aditya Birla Lifestyle Brands Limited, said,
“Bahrain marks an important milestone in Louis Philippe’s international growth. The market’s affinity
for premium fashion makes it a natural fit for our brand. This launch reflects our commitment to
delivering world-class menswear with modern design and exceptional craftsmanship. We are also
expanding our footprint in the region, with five new stores planned across the Middle East in the
coming year.”
Prakash Pattabhiraman, Managing Director, Kalyan Silks, added, “Our association with Aditya
Birla Lifestyle Brands Limited has played an integral role in bringing some of India’s most respected
fashion brands to the Middle East. Louis Philippe holds a unique place in premium menswear, and
with its debut in Bahrain, we are confident of creating a destination that resonates deeply with today’s
style-conscious consumer.”
The first store in Bahrain offers Louis Philippe’s complete lifestyle range — thoughtfully curated to
cater to the modern gentleman’s dynamic wardrobe needs. From sharp workwear and polished
ceremonial attire to relaxed off-duty essentials, the collection reflects the same global design direction
seen at the brand’s latest store in BurJuman Mall, Dubai. Signature offerings include elevated day-to-
evening looks, effortless casualwear, airy linen shirts, refined polos, structured separates, and elegant
evening layers — each crafted with the brand’s characteristic attention to detail and contemporary
refinement.
New arrivals will be introduced regularly to keep the assortment aligned with international style
sensibilities and seasonal trends, ensuring a refreshed and globally relevant wardrobe for customers
throughout the year.
With its Bahrain debut, Louis Philippe further accelerates its international momentum, strengthening
its presence across key fashion hubs in the GCC. The brand remains committed to delivering a
refined menswear experience built on legacy, modernity, and craftsmanship – setting the stage for
continued growth and deeper engagement with discerning consumers in the region.

TECOM launches AED615 million Innovation Hub Phase 4 in Dubai Internet City

News 4 months ago

Dubai, 18th December, 2025 (WAM) — TECOM Group PJSC, the creator of specialised business districts and vibrant communities in Dubai, has launched Phase 4 of Innovation Hub in Dubai Internet City to address rising demand for Grade-A office spaces from global multinational companies in vital, future-focused economic sectors.

With a gross leasable area (GLA) of 263,000 sq.ft., the AED615 million development represents the fourth phase of Innovation Hub and strengthens Dubai Internet City’s position as the leading technology hub in the region.

The launch of Innovation Hub Phase 4 supports TECOM Group’s strategic growth plan and raises its total investments in the Innovation Hub project in Dubai Internet City to reach AED 2 billion.The announcement follows the success of Innovation Hub’s third phase development, which was fully leased ahead of its scheduled completion in 2027. The second phase of Innovation Hub is also complete and fully leased to Fortune 500 companies and digital economy leaders, while Phase 1 serves as the cornerstone for launching the project, which remains a leading destination for global technology businesses such as Google and Gartner.

The fourth phase of Innovation Hub will enhance TECOM Group’s portfolio of Grade-A commercial assets, strengthening its ability to serve new and existing technology customers upon completion in 2028 and amid rising demand for premium office spaces driven by leading national strategies.

Abdulla Belhoul, Chief Executive Officer of TECOM Group, said, “The launch of Innovation Hub Phase 4 reflects TECOM Group’s ongoing commitment to supporting vital future-focused economic activity in the UAE and Dubai. The UAE’s and Dubai’s globally renowned pro-business framework, coupled with visionary strategies such as the UAE’s Digital Economy Strategy and Dubai Economic Agenda ‘D33’, continue to highlight our nation’s ability to attract future-focused innovators and investors. This strategic development further enhances Dubai Internet City’s empowering role in the technology sector, ensuring it is well-positioned to serve the evolving needs of the digital economy.

“Our healthy liquidity and strategic roadmap for sustainable growth ensure we are well-placed to capitalise on favourable market dynamics, and we will continue to expand TECOM Group’s portfolio in high-growth sectors that promote innovation to deliver long-term value for our shareholders.”

The Group will utilise its existing resources to finance the development while ensuring it maintains a healthy leverage and liquidity position. The development follows TECOM Group’s strong nine-month financial performance in 2025, led by increased occupancy, higher rental rates, improved efficiencies, and continued portfolio expansion.

The Group reported revenues of more than AED2.1 billion, representing 20 percent year-on-year (YoY) growth during the first nine months of the year, with net profit exceeding AED1.1 billion (+18 percent YoY) compared to the same period in 2024.

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The Luxe Developers Launch AED 2.3 Billion La Mazzoni Development on Al Marjan Island

News 4 months ago

The Luxe Developers Break Ground on AED 2.3 Billion La Mazzoni on Al Marjan Island

The Luxe Developers have officially launched La Mazzoni, a AED 2.3 billion luxury wellness development on Al Marjan Island, Ras Al Khaimah. Scheduled for completion in Q3 2028, the project will feature 562 fully furnished residences including apartments, duplexes, chalets, and penthouses.

La Mazzoni integrates nature-inspired architecture, five-star amenities, wellness facilities, co-working lounges, and smart home systems, offering residents a lifestyle focused on health, comfort, and community. Designed by Dewan Architects + Engineers, interiors by Hirsch Bedner Associates, and landscaping by Cracknell, the development spans over 1.5 million sq. ft. with extensive landscaped gardens, fitness areas, and a rooftop infinity pool.

Residences are available with a 60/40 payment plan, starting from AED 2 million for one-bedroom units. La Mazzoni is strategically located near Marjan World and the upcoming Wynn Al Marjan Island resort, positioning it as one of the emirate’s most sought-after addresses.

Rixos Marina Abu Dhabi Hosts My Heart is Yours Artwork by World-Renowned Artist Lorenzo Quinn

News 4 months ago

Abu Dhabi, UAE (15^th December 2025): Championing artistic expression, Rixos Marina Abu Dhabi has recently partnered with the globally acclaimed contemporary artist Lorenzo Quinn. As part of the collaboration, one of the talented artist’s sculptures, My Heart is Yours, is now on display in the hotel lobby for an exclusive installation. Valued at EUR 295,000 / AED 1.2M, the striking artwork is a powerful symbol of artistic expression, in equal parts thought-provoking and beautiful.

Set along Abu Dhabi’s stunning Corniche, Rixos Marina Abu Dhabi has become known for its creative programming and engaging visual installations, continually presenting guests with new experiences to enjoy. Having hosted several eye-catching lobby showcases and unique cultural collaborations in the past, the property consistently curates moments that elevate stays and spark meaningful connections.

Bringing his unique talents to the property, Lorenzo Quinn is a celebrated contemporary sculptor renowned for his expressive figurative works, often depicting themes of love, connection, faith, and human emotion. Having lived between Italy and the United States, Quinn studied at the American Academy of Fine Arts in New York before dedicating his career to sculpture at the age of 21.

Influenced by iconic masters such as Michelangelo, Bernini, and Rodin, Quinn has exhibited his work extensively across the world. His monumental public pieces, including Support at the Venice Biennale 2017, Together at the Giza Pyramids, The Greatest Goal for the FIFA World Cup Qatar 2022, and Building Bridges at the Venice Biennale 2019, have earned him global acclaim for their emotional depth and universal messages. His art also forms part of important collections internationally, showcasing his timeless values and authentic storytelling.

Crafted in polished bronze with a stainless-steel mesh heart, My Heart is Yours captures the profound bond shared between two souls who entrust their entire beings to one another. Two sculpted hands gently present a heart illuminated from within, that shifts through a spectrum of colours to evoke the fluidity of human emotion. The captivating piece allows viewers to pause and reflect, drawing them in with its striking form, symbolic warmth, and powerful message of unity and shared humanity.

Rixos Marina Abu Dhabi remains a strong supporter of the arts, continuing to champion artistic expression through collaborations that celebrate creativity, culture, and community. By offering a platform for renowned artists and thought-provoking works, the hotel enhances its environment with experiences that go beyond traditional hospitality.

Al Masaood Automobiles Returns to Liwa Festival 2026, Showcasing Nissan’s Iconic Patrol Line-up in the Heart of the Desert

News 4 months ago

Abu Dhabi, 15 December 2025: Al Masaood Automobiles, the authorised distributor for Nissan in
Abu Dhabi, Al Ain, and the Al Dhafra Region, has announced its return as a sponsor of the Liwa
Moreeb Dune Festival 2026, reinforcing its long-standing commitment to supporting cultural,
sporting, and community-led events across the UAE.
One of the region’s most anticipated gatherings for desert and motorsport enthusiasts, the Liwa
Moreeb Dune Festival creates the perfect platform to spotlight Nissan’s SUV leadership and long-
standing desert legacy. This year, visitors will have direct access to the full range of the all-new
Nissan Patrol models, including the Patrol V6T Platinum, Patrol NISMO and the region’s first Patrol
PRO-4X –each engineered for power, durability and capability in challenging off-road terrain.
The iconic Patrol line-up brings three distinct personalities to the region. Leading the range, the All-
New Patrol blends over 70 years of heritage with modern innovation, powered by a new twin-turbo
V6 engine and equipped with Adaptive Air Suspension for refined on-road comfort and enhanced
capability. With upgraded technology, connectivity, and a digital-first cabin experience, it represents
prestige, strength, and everyday confidence.
For adventure-seekers, the Patrol PRO-4X delivers factory-equipped all-terrain capability through a
high-clearance fascia, all-terrain tyres, a reinforced chassis, and rugged design elements, built to
conquer demanding landscapes while maintaining comfort and safety. At the performance summit, the
Patrol NISMO stands out with a GT-R-derived twin-turbo V6 producing nearly 500 horsepower,
complemented by NISMO-tuned suspension, electronic damping control and precision engineering,
offering sharper handling, heightened control, and motorsport-inspired excitement.
Irfan Tansel, Chief Executive Officer of Al Masaood Automobiles, said: “Liwa captures the
UAE’s desert spirit like nowhere else. It is where tradition, performance and passion meet. The
Nissan Patrol has earned its place within this landscape for generations, and returning with the
complete line-up allows our customers to experience its capability where it truly belongs. Al Masaood
Automobiles ongoing participation reflects our commitment to supporting community events that
celebrate heritage, adventure and active lifestyles.”
Enhancing the visitor experience will be a range of on-ground activations throughout the festival,
giving attendees the chance to engage with Nissan SUVs in interactive and memorable ways. The
activations aim to create an immersive environment that showcases the spirit of Nissan while
reflecting the vibrancy and community focus of the festival.
Al Masaood Automobiles’ renewed participation in the Liwa Moreeb Dune Festival is aligned with
the Group’s wider CSR priorities, which centre on supporting sports, youth development, and the
preservation of Emirati heritage. The festival serves as a dynamic community platform that celebrates
the UAE’s traditions while inspiring a spirit of adventure—values that continue to guide Al
Masaood’s engagement efforts across the emirate.

IndiGo to Engage External Aviation Expert for comprehensive review and Root Cause Analysis

News 4 months ago

December 12, 2025: IndiGo announced that the Board has approved the appointment of Chief Aviation Advisors LLC, led by Captain John Illson, veteran Aviation Expert, to conduct an independent expert review and assessment of the recent operational disruption and the contributing factors. Captain Illson brings more than four decades of aviation experience across the FAA, ICAO, IATA and major global carriers. With an illustrious track record in global air transport, he brings extensive expertise in global aviation strategy, customized consulting, safety leadership, setting international standards, and new aircraft technologies. The objective is to conduct an independent root cause analysis of the recent operational disruption, besides opportunities for improvement. This decision follows the recommendation of the Crisis Management Group (CMG) constituted by the IndiGo Board. As part of its assessment, the CMG advised commissioning an independent expert review in the matter. With the Board’s approval now in place, the review will begin at the earliest, and the independent expert reviewer will submit a comprehensive report to the Board upon completion.” – IndiGo Spokesperson

ALBA AT RAFFLES DOHA CELEBRATES DOUBLE TRIUMPH AT THE MICHELIN GUIDE CEREMONY 2025

News 4 months ago

Doha, Qatar: Alba, Raffles Doha’s signature Italian restaurant, was just awarded the coveted One Michelin Star, becoming one of only three restaurants in Doha to claim this culinary honour and the only star awarded in 2025. It was a night of double celebration for Alba at the Michelin Guide Ceremony held on 9^th December, as the restaurant’s Head Chef Cristhian Serraino also won the Young Chef Award.

The two awards are significant milestones for Alba, which was previously listed in the 2024 Michelin Guide.

The Italian dining venue is popular among both local connoisseurs and international visitors. Alba is an entirely homegrown culinary concept, specifically created for Raffles Doha. Its name, inspired by the renowned Northern Italian town famous for white truffles, reflects a dedication to bringing the rich gastronomic heritage of the region to life in Qatar. The restaurant’s philosophy centers on pure simplicity and bespoke dining, ensuring an authentic Italian experience that is exclusive to Raffles as a destination.

“This is a moment of profound pride, not just for Alba, but for Raffles and the entire Katara Towers team. Securing the only One Michelin Star in 2025 for this unique concept, coupled with the Young Chef Award for Chef Cristhian, is recognition of the dedication and effort of the whole team in Alba and the culture of the hotels.” said Andrew Steele, Managing Director of Raffles Doha and Fairmont Doha. “This success, coming shortly after Raffles Doha was awarded the prestigious Outstanding Five Star Hotel of the Year as well as Randy Santos winning Leading Chief Concierge of the Year at the recent Qatar Tourism Awards. This powerfully affirms our teams culture and dedication to providing an unparalleled ultra-luxury experiences to our valued guests across all aspects of our services.”

Chef Serraino’s menu at Alba is inspired by the rich gastronomic heritage of northern Italy, reimagined through a modern lens. The specially curated Chef’s Table experiences lets diners sit close to the action and witness Chef Cristhian’s culinary artistry up-close. Commenting on his double win, Chef Cristhian Serraino said: “I am honoured to receive two Michelin recognitions on the same night. It is a moment of immense pride. What makes this so special is that Alba is our homegrown concept. This recognition truly belongs to my entire team of dedicated chefs and staff and validates our passion for delivering authentic, creatively modern Italian cuisine. We would love to welcome guests to experience our special culinary creations.”

A graduate of the Nino Bergese Culinary School in Genova, Italy, Chef Cristhian brings more than 15 years of experience working in acclaimed kitchens around Europe and the Middle East.

This dual recognition from the Michelin Guide could not have come at a better time, as the city is gearing up for the festive season, making Alba a perfect venue for diners in search of a personal and authentic Michelin-level experience.

CASAGRAND UNVEILS DEBUT INTERNATIONAL PROJECT CASAGRAND HERMINA AT DUBAI ISLANDS, VALUED AT AED 420M

News 4 months ago

Dubai :

December 2025: India’s leading real estate developer, Casagrand, has officially unveiled Casagrand HERMINA, a premium residential development located on the rapidly transforming Dubai Islands.

Valued at AED 420M, Casagrand HERMINA marks Casagrand’s expansion into the Middle East with a project that blends coastal serenity and city living. Inspired by Hermes, the mythological messenger who moved effortlessly between worlds, Casagrand HERMINA is conceived as a place where the calm of the sea meets the dynamism of Dubai, providing residents a lifestyle that balances retreat, tranquility, and connection.

Arun Mn, Founder and Managing Director, Casagrand, said: “At Casagrand, we have spent more than 22 years creating high-quality developments grounded in precision, timely delivery, and an unwavering focus on customer satisfaction. Bringing this ethos to the UAE is an important milestone for us, and Casagrand HERMINA encapsulates what we value most, a place where the sea brings calm, the city stays close, and life feels restorative, joyful, and connected.

“Our experience in thoughtful design and meaningful community living shapes every detail, and we’re excited to introduce this approach to one of the world’s most dynamic real estate markets. Ultimately, our goal is to continue to be the developer people trust with one of the most important decisions of their life – of buying a home.”

Casagrand HERMINA offers 131 residences ranging from one- to four-bedroom apartments, each crafted for privacy, openness, and elevated everyday living. Residences on every floor are thoughtfully spaced to ensure enhanced privacy, quieter corridors, and a boutique sense of exclusivity. With a starting price of AED 1.92M, a 60/40 payment plan, and completion scheduled for Q2 2028, Casagrand HERMINA brings carefully considered living to the heart of the city.

Strategically located within Dubai Islands, a major coastal district backed by government vision and investment, supported by the Dubai 2040 Urban Master Plan. The area features 21 km of Blue Flag-certified beaches, major infrastructure upgrades including an eight-lane bridge to Downtown Dubai by 2026, and a planned Metro link. With extremely high demand showcased by almost 50% rise in transactions last year, and limited supply of prime waterfront locations as well as future-ready connectivity, Dubai Islands is positioned as one of the emirate’s strongest long-term real estate investment corridors.

Luthfullah K, Director, Dubai, Casagrand, said: “Dubai Islands represents one of our city’s most exciting long-term growth corridors, and it was essential for our first UAE development to be rooted in a location that reflects both our ambition and our values. With Casagrand HERMINA, we wanted to create a community that captures the balance people increasingly seek, spaces that feel calming and restorative, yet remain closely connected to everything Dubai offers. This development is a statement of our commitment to the market and Casagrand HERMINA is only the beginning of what we aim to contribute to the city’s evolving residential landscape.”

Casagrand HERMINA integrates advanced smart technology and eco-conscious design to create a healthier and more efficient living environment with smart home controls, eco-friendly materials, and a locally landscaped podium that naturally helps regulate temperatures.

The development is envisioned as a place where everyday life feels elevated, where wellness, leisure, and community are seamlessly woven into routine. Beyond its impressive range of amenities, from serene swimming pools and spa retreats to vibrant play areas, an immersive sky cinema, and tranquil meditation zones, every space invites you to slow down, connect, and experience a richer way of living while staying connected to the city. Fully furnished layouts, walk-in closets, and entry foyers in all units further enhance the sense of comfort and everyday ease.

Designed by the Casagrand in-house architectural team who have the experience of curating homes for more than 55,000 families, Casagrand HERMINA stands at the crossroads of tradition and transformation, where the vibrancy of the city meets the serenity of the shore. Each space was thoughtfully shaped to carry meaning for every family that buys a home at Casagrand HERMINA. From rooftop views to wellness zones, the Casagrand team were committed to creating a lifestyle that makes coming home feel restorative.

Casagrand remains deeply committed to long-term growth in the UAE and is currently exploring land parcels across major masterplans and emerging communities, with plans to develop over 6 million sq. ft. of premium residential and mixed-use spaces in the next three years. Casagrand HERMINA marks the first milestone in this strategy in one of the most prime waterfront addresses of Dubai, showcasing Casagrand’s design intelligence, build quality, and modern approach to lifestyle-driven living.