Dubai real estate developers,
Nakheel
and Meydan, have announced their merger to join Dubai Holding. The aim of this operation is to create a more financially efficient entity with assets worth several hundred billion and global expertise in various sectors.

Nakheel is famous for being the group behind Dubai’s palm-shaped islands. It was taken over by the government in 2011 as part of a $16 billion rescue package following the 2009-2010 real estate crisis. Meydan is another major real estate developer also operating in Dubai.

New projects planned after the merger

• Creation of a more financially efficient entity
• Estimated asset value in the hundreds of billions
• Global expertise in sectors such as hospitality, healthcare and education
• Opportunity to expand into international markets

With this merger, the newly-created entity is set to focus on a number of innovative projects in fields such as hospitality,

The merger of Nakheel and Meydan represents a strategic decision in the current economic climate. The two companies will be able to pool their resources and take advantage of the resulting synergies to ensure sustainable growth. In addition, being part of Dubai Holding will give the new entity greater visibility on the financial markets.

Implications for the Dubai real estate market

This merger between Nakheel and Meydan will also have repercussions on the Dubai real estate market. In particular, it should enable us to better respond to market needs in terms of housing and various infrastructures. It will also reinforce the city’s image as a major international real estate center.

While this merger has many advantages, it also raises certain challenges that the new entity will have to face:

• Ensure seamless integration of Nakheel and Meydan teams and corporate cultures
• Implement effective management processes to optimize performance and results
• Determine investment priorities and define clear objectives for individual projects
• Managing risks related to global real estate and economic trends

However, the new entity has all the cards in its hand to succeed in this new competitive landscape. The merger with Meydan will enable Nakheel to strengthen its expertise and position in the Dubai real estate market. What’s more, joining Dubai Holding offers unique opportunities in terms of financing and access to a global network of key players.

The merger of Nakheel and Meydan into Dubai Holding marks a major turning point in the history of Dubai’s real estate sector. It will help create a solid, innovative entity capable of coping with the rapid evolution of global real estate markets. For market players, this is further proof of the ability of Dubai’s companies to adapt to present and future economic and competitive challenges.

The emirate of Ras Al Khaimah recently unveiled its ambitious project to develop the largest business district in the northern region of the United Arab Emirates: RAK Central. This gigantic complex promises to transform the local economy and attract businesses from all over the world, thanks to its high-end real estate and hotel offering and unique topography.

Sheikh Ahmad bin Saqr Al Qasimi, Chairman of the Ras Al Khaimah Free Economic Zone, officially inaugurated RAK Central, a 740-hectare project representing an estimated investment of several billion dirhams. This announcement is part of the emirate’s economic diversification strategy, as it seeks to strengthen its position as a regional business hub.

RAK Central is intended to be a major economic hub in the region, with a major shopping center, multiple residential and commercial areas, as well as green spaces. This modern infrastructure is designed to attract international and local companies, creating jobs and stimulating sustainable economic growth in the emirate. Ras Al Khaimah’s unique topography, with its mountains, beaches and deserts, provides an idyllic setting for this future business district.

With a total area of almost 740 hectares, RAK Central will offer a multitude of real estate options for companies of all sizes. The project promoters emphasized the quality of the equipment and the choice available to meet the specific needs of each company. The main technology park, which is expected to attract companies specializing in innovation and cutting-edge technologies, is designed to be flexible and adaptable to the different industries present on the site.

Aware that hotel capacity is an essential element in attracting investors and professionals, Ras Al Khaimah plans to double its capacity by 2025. There are currently around 5,900 hotel rooms in the region, representing a 25% increase on 2018. With RAK Central, investors will have the opportunity to build additional hotels to meet the growing demand for accommodation for international and domestic visitors.

RAK Central is an hour’s drive from Dubai and 45 minutes from both international airports, offering quick access to local and international transport infrastructures. This location will give companies and investors easy access to local and regional markets. What’s more, the proximity to other participating emirates such as Abu Dhabi and Sharjah further strengthens interest in this new economic hub.

As part of the development of RAK Central, significant improvements will be made to the emirate’s road and mass transit infrastructure. These include extending the local road network, improving the existing rail network and building new stations to facilitate travel between RAK Central and the region’s main cities.

One of RAK Central’s main objectives is to be an example of sustainable development, respectful of the environment and society. The project calls for the creation of numerous green spaces, as well as the use of innovative, eco-responsible technologies to minimize the business district’s carbon footprint. The project’s promoters also emphasized the importance of intelligent, people-centered urbanization in the design and realization of RAK Central. Residential, commercial and recreational spaces will be laid out in such a way as to enhance residents’ quality of life and optimize travel.

RAK Central is a unique opportunity for local companies to raise their profile and benefit from the synergies created by this new economic hub. Opportunities abound, from the hospitality sector to service providers, builders and property developers. The strong economic development potential offered by RAK Central represents an opportunity for local entrepreneurs, who will also be able to take advantage of this modern, competitive infrastructure to expand their activities in national and international markets.

According to a recent study, the city of Dubai has overtaken Paris as the preferred destination for the ultra-rich to acquire real estate.
acquisition of luxury
property. In this article, we look at the reasons for this change and the consequences for the French property market.

According to a survey conducted by Knight Frank, a specialist real estate consultancy, Paris has lost its top spot to Dubai in the ranking of cities preferred by the ultra-rich for the purchase of luxury residences. There are two main reasons for this change: the United Arab Emirates’ more advantageous tax policy, and the numerous business opportunities and infrastructures offered by the metropolis on the Arabian Peninsula.

Dubai, renowned for its ostentatious style and grandeur, now stands out as a resolutely “futuristic” city. In the space of two years, it has jumped an impressive 46 places in the Barnes rankings.

Real estate transactions in this metropolis are accelerating rapidly, with prices expected to rise by between 20% and 22% in 2023 alone.

One of the key factors attracting high-net-worth buyers to Dubai is the low tax rates on rental income and capital gains, compared with those in France. Indeed, taxes are much lower in Dubai than in Paris, making real estate investments far more profitable. The chances of making substantial profits are therefore very attractive for wealthy individuals.

Capital gains tax rate: In Dubai, there is no capital gains tax. In France, the rate is high, with progressive taxation of up to 40% for the highest incomes.
Taxes on rental income: Rental income received by an owner in Dubai is not subject to tax. In France, on the other hand, such income is classified as “revenu foncier” and is therefore taxable.

Dubai is renowned for its impressive infrastructure and standard of living. The city boasts a large number of luxury residences and offers numerous investment opportunities for the ultra-rich, both in the local economy and in its financial markets.

Today’s wealthy buyers prefer to turn to Dubai for several reasons:

• A growing real estate market, with a wide choice of luxury residences and attractive prices
• A stable, diversified economy that encourages foreign investment
• Numerous luxury amenities and services (shopping centers, hotels, restaurants)
• A pleasant climate and a strategic geographic location between Europe, Africa and Asia.

1 – Dubai, UAE
2 – Miami, United States
3 – New York, United States
4 – Madrid, Spain
5 – Paris, France
6 – London, United Kingdom
7 – Austin, United States
8 – Lisbon, Portugal
9 – Rome, Italy
10 – Istabul, Turkey

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A team dedicated to each customer.

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Dubai offers a wide range of real estate, from luxurious villas and high-end apartments to affordable studios and commercial offices. Among the neighborhoods that are currently the most attractive for real estate investment are :

• Downtown Dubai: The vibrant heart of the city, with the famous Burj Khalifa and the Dubai Mall.
• Palm Jumeirah: Artificial archipelago of luxury residences, hotels and beaches
• Dubai Marina: Trendy district with its marina, skyscrapers and numerous restaurants.
• Jumeirah Beach Residence (JBR ): Popular area for its lively waterfront and luxury buildings
• Business Bay: A dynamic economic center with a modern business-friendly infrastructure

Investing in real estate in Dubai in 2024 represents an unmissable opportunity for investors wishing to benefit from a dynamic and attractive market. Advantageous taxation, strong economic growth and a constantly evolving real estate offer are just some of the reasons why this city is a must for those wishing to embark on a new real estate project.

The imminent start of construction of the Burj Azizi, a new $1.5 billion commercial skyscraper in Dubai, has been announced in the United Arab Emirates by
Azizi Developments
. The project includes a vertical shopping mall, luxury residences and an observation platform. This
real estate project
will be located on Sheikh Zayed Road, opposite the World Trade Centre.

Azizi Developments recently unveiled its bold project: the construction of the Burj Azizi, set to become Dubai’s second-tallest building. Although the final height has not yet been specified, it is expected to be no less than 122 storeys high, rivaling such impressive structures as the Lotte World Tower and China 117 Tower.

• Vertical shopping mall: the Burj Azizi will feature an innovative vertical shopping mall on part of its floors.
• Luxury residences: the tower will also offer luxury apartments for those wishing to live in this architectural monument.
• 7-star hotel: a seven-star hotel will be built here to offer a prestigious service to visitors from all over the world.
• Observation deck: an observation deck will enable tourists and residents to enjoy a breathtaking view of Dubai and its surroundings.

The Burj Azizi is expected to have a significant impact on Dubai’s economy and tourism. This world-renowned construction will undoubtedly attract international investors and travelers eager to discover the city’s architectural wonders. What’s more, with recent records in real estate transactions, it’s clear that interest in Dubai is growing.

In 2022, real estate transactions reached over 132 billion euros in the emirate, up more than 76% on the previous year.

That being said, this real estate boom has also had an impact on rents, which have risen by 22% over the same period. This could potentially affect some Dubai residents who are struggling to keep up with these rising prices.

Although no specific information has been provided regarding the Burj Azizi’s ecological and sustainable objectives, local authorities and developers are increasingly aware of the importance of sustainable construction and the efficient use of resources. We can therefore expect this project to incorporate innovative solutions to reduce the environmental impact of the tower’s construction and operation.

Construction of the Burj Azizi is due to begin shortly, with completion scheduled for 2028. The determination of the promoters and the support of the local authorities should help to ensure that it happens.

The Burj Azizi promises to be an impressive addition to Dubai’s architectural landscape and an important asset to its economy and tourism industry. The city’s second tallest tower is further proof of Dubai’s determination to push back the boundaries of what is possible and continue to develop as a global center of innovation and prestige.

In a context where architectural gigantism seems to have no limits, this innovative technology will feature a residential clock tower, the height of which will surpass any ever built before. Dubai will soon play host to this impressive structure, which promises to be both spectacular and functional.

To bring this ambitious project to fruition, several renowned companies were involved in the design, mainly energy and construction firms. Their combined efforts have resulted in a true architectural feat that can be used not only for residential purposes, but also as a landmark in the city and a tourist attraction in its own right.

It’s important to note that the design of the tower is inspired by the famous Franc Muller Swiss mechanical wristwatches. Indeed, having collaborated with renowned watch manufacturers, the architects ensured that the aesthetics of the structure were both elegant and technologically advanced. Thus, while resolutely modern, the tower echoes previous achievements in the fine watchmaking sector.

In terms of technical performance, the project also promises to be state-of-the-art. Designed to withstand extreme weather conditions, such as strong winds and sandstorms, the structure will be equipped with the most advanced technologies in terms of safety and energy management. As a result, future occupants will be able to enjoy a peaceful, safe living environment while admiring the undeniable architectural beauty of their new home.

The dizzying height of this residential clock tower will give its residents a breathtaking panoramic view of the entire city. On the upper floors, you’ll be able to observe the surroundings of the Burj Khalifa, Dubai’s landmark building and still considered the world’s tallest. The luxury apartments are ideally located to offer guests a unique experience.

To further enhance the watchmaking aspect of the tower, it will feature a retail space dedicated exclusively to watches and fine timepieces. This will not only attract watch enthusiasts, but also familiarize the general public with the complex mechanisms that drive the most precious timepieces. This space will also be an opportunity for watch lovers and collectors to admire rare and unique pieces up close, enriching their watchmaking culture.

Today, Dubai is recognized as a global hub. Never ceasing to amaze with its grandiose architectural achievements and economic dynamism, it attracts a growing number of visitors and investors from the four corners of the globe. The residential clock tower embodies all that Dubai has to offer: progress, luxury and elegance.

The site chosen for the tower is located in the center of the city, not far from the main tourist attractions, making it easily accessible for locals and visitors alike. Ultra-modern shopping malls, high-end restaurants and must-see sites such as the Burj Khalifa are all within easy reach, making everyday life as convenient as it is rewarding. What’s more, other means of transport (subways, buses, cabs) will ensure that nothing is out of reach for the tower’s residents.

• Prestige: By owning or renting an apartment in this unique tower, residents will enjoy a certain prestige among their peers. The address itself will be synonymous with success and exclusivity, since only a privileged few will be able to claim a home in such a unique building.
• Investment : The tower’s luxury apartments also represent an attractive investment opportunity. As Dubai continues its advance into the future, the prestige and demand generated by this project will only increase, offering significant value-add potential to prospective buyers.

In short, this future residential clock tower will perfectly embody the spirit of Dubai: by combining tradition and innovation, luxury and functionality, it will become a strong symbol of the international influence of this avant-garde metropolis. As well as captivating local residents, passers-by and tourists will also be able to enjoy this astonishing structure, visible from afar in the city’s urban landscape.

Dubai, the city that never stops surprising us, is preparing to welcome a spectacular new entertainment space inspired by Las Vegas. Located along the magnificent Jumeirah beach, this impressive project promises to attract the attention of lovers of luxury and novelty. Dubai’s Mini Las Vegas is set to be the new sensation on the Persian Gulf.

The famous Jumeirah beach, nestled between Dubai’s iconic skyscrapers and the turquoise waters of the Persian Gulf, already offers visitors a grandiose backdrop. Thanks to this new project, it is also set to become a veritable wonderland dedicated to pleasure and relaxation. The complex will offer a wide range of exciting entertainment including theaters, water attractions and, of course, flamboyant casinos in pure Las Vegas style.

The success of this ambition relies to a large extent on the hospitality capacity of its hotels. To meet the expectations of even the most demanding visitors, several renowned hotel rooms will be opening their doors. They will offer incomparable comfort and an outstanding customer experience to meet the expectations of international travelers.

And that’s not all, as this ambitious project also takes into account the well-being of residents and tourists alike, offering tailor-made water theme parks located on the famous Palm Islands. These iconic artificial islands, considered one of the wonders of the modern world, will add even more excitement to your stay in this coastal paradise.

By announcing the construction of this huge Las Vegas-inspired complex, Dubai is taking a new step in its tourism development. This colossal project confirms the avant-garde and daring status of this city of the future, which is constantly seeking to innovate and push back the boundaries of what is possible. This new destination of choice for visitors from all over the world represents a major milestone in the evolution of the Emirati metropolis, which now aims to be a key player on the global upscale entertainment scene.

While it’s still too early to say that Dubai is seeking to dethrone its American rival, it’s clear that the latter now has a serious and innovative competitor. The wealthy emirate is banking on its international influence to attract wealthy gamblers in search of escapism and thrills. There’s no shortage of assets, and the mini Las Vegas is already preparing to shake things up.

Dubai is investing colossal sums of money in the construction and development of this island of pleasure. It will take considerable resources and ingenuity to meet this extraordinary challenge. But the city is determined to make it happen, once again affirming its ability to innovate and push back the boundaries of human dreams.

The start of construction has not yet been officially announced, and the opening date of this gigantic entertainment complex is still uncertain. However, if you can’t wait to see the first images of this future tourist nugget, several visual concepts have already been unveiled and promise a memorable stay under the Jumeirah Beach sun.

• Luxurious casinos that will make gambling and quick-win enthusiasts green with envy.
• Magnificent hotels offering unrivalled comfort and breathtaking sea views.
• Water attractions for young and old on the fabulous Palm Islands.
• A colorful atmosphere worthy of the greatest Broadway musicals.

Dubai’s mini Las Vegas has every chance of becoming the tourist jewel of tomorrow. While you wait for the official opening, get ready for a unique and extraordinary experience in this coastal paradise. Rivaling the boldness of the famous Las Vegas, this new destination promises to amaze on all fronts, and leave its mark on the history of Dubai, the city of a thousand and one surprises.