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The RTA has signed a partnership agreement with US-based ‘The Boring Company’, a specialist in advanced tunnel systems and innovative passenger transport solutions, to commence the implementation of a passenger transport tunnel project in Dubai, branded the Dubai Loop.

The project will deploy advanced technologies designed to transform Dubai’s mobility ecosystem, while enhancing transport efficiency and ensuring smoother traffic movement in high-density urban areas. The agreement was signed by His Excellency Mattar Al Tayer, Director General, Chairman of the Board of Executive Directors of the RTA, and James Fitzgerald, Global VP of Business Development at The Boring Company, in the presence of senior officials from both companies.

Under the agreement, implementation of the first phase of the project will commence with the construction of a 6.4km pilot route, comprising 4 stations and linking the Dubai International Financial Centre and Dubai Mall. This phase will pave the way for expansion into the full project alignment, which will extend up to 22.2km and include 19 stations, connecting Dubai World Trade Centre and the financial district with Business Bay.

The Dubai Loop project involves the construction of tunnels with a diameter of 3.6m, dedicated to vehicle transport. The tunnels will be developed using advanced tunnelling technologies that enable faster delivery, lower construction costs, and reduced impact on existing roads and utilities compared with conventional transport systems.

The cost of implementing the first phase of the route is estimated at approximately US $154mn, with an anticipated delivery period of around 1-year following the completion of design works and required preparations. The total cost of the full route is estimated at approximately $540mn, with an expected implementation period of around 3 years.

Al Tayer stated, “The project represents a qualitative addition to Dubai’s transport ecosystem, as it enhances integration between different mobility modes and provides flexible and efficient first- and last-mile solutions. Studies have demonstrated the project’s efficiency in terms of capacity and operating costs, with the pilot route expected to serve around 13,000 passengers per day, while the full route is projected to have a total capacity of approximately 30,000 passengers per day.”

He added, “The signing of the agreement is in line with the directives of the wise leadership to strengthen strategic partnerships with leading global companies in the fields of innovation and advanced technologies. The agreement supports efforts to further cement Dubai’s position among the world’s leading cities in the deployment of future mobility solutions and the adoption of advanced technologies that contribute to enhancing the quality of life and facilitating the movement of residents and visitors across the emirate, while keeping pace with its rapid urban and economic growth.”

Steve Davis, President of The Boring Company added, “We are proud to partner with the RTA, one of the world’s leading entities in adopting innovative solutions in the transport sector. Through this partnership, we look forward to delivering advanced, safe, and highly efficient tunnelling solutions that support Dubai’s vision for sustainable and future mobility.”

During last year’s World Governments Summit, the RTA signed an agreement with The Boring Company to study the implementation of the project in Dubai. As part of the study phase, the RTA provided the company with geotechnical data, information on utilities and structures, environmental risk assessments, as well as the specifications and standards adopted for transport systems in Dubai.

In turn, the company was responsible for submitting technical studies, safety information, and development details related to the system and the proposed alignments, in collaboration with leading international consultancies and under the supervision of financial and legal advisers, with the aim of identifying the optimal partnership model for the project.

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As Dubai’s real estate market continues to experience unprecedented activity, women are emerging as significant contributors to both market participation and sector transformation, according to Banke International Properties. This shift is paving the way for broader leadership opportunities and thought leadership across the industry, it added.

In the first half of 2025, Dubai’s real estate sector witnessed a surge recording 125,538 transactions valued at US $117.3bn. This performance can be attributed to strong investor confidence and sustained demand across various segments. Notably, the transaction value and volume experienced a substantial 25–26% increase year-on-year, solidifying Dubai’s position as a global property hub.

In the first half of 2025, 30,487 female investors were actively participating in the market, completing 34,792 transactions valued at $19.9bn. This increase in women’s involvement in real estate investment reflects growing confidence and participation among women in the sector. Women now constitute 34% of the total real estate investors in Dubai, indicating a growing trend towards long-term, stable investment strategies, the firm said.

These trends signify broader structural shifts in Dubai’s real estate landscape. The sector is evolving from transactional growth to leadership, strategic decision-making, and long-term engagement. As the sector progresses toward maturity, there is a shift in focus from transactional growth to talent development, leadership pipelines, and inclusive participation. These efforts will shape the future performance and resilience of the sector, it stated.

The UAE’s national agenda actively supports and amplifies this evolution. The UAE Gender Balance Council’s Strategy 2026 outlines commitments to enhancing women’s representation in leadership and decision-making positions and promoting gender balance across various sectors, including the private sector.

Aditi Jhunjhunwala, Head of Operations, Banke International Properties said, “Dubai’s real estate story has entered a new chapter where breadth of participation is now evolving into depth of leadership. Women today are not only significant investors in the market, but they are also shaping conversations around strategy, growth and long-term sustainability. Strengthening the path for women to grow into leadership and operational roles is essential for the sector’s continued momentum and long-term value creation.”

As real estate activity expands in volume and complexity, thought leaders and industry players are increasingly recognising the importance of talent, autonomy, education, and leadership development, especially for women, as key drivers of inclusive growth. Given women’s significant role in investment and market sentiment, efforts that support leadership pathways and capacity building are becoming central to the sector’s future narrative.

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Paris Saint-Germain has announced a global partnership with UAE-based developer BEYOND Developments.

The multi-year agreement solidifies BEYOND’s status as Paris Saint-Germain’s Premium Sleeve Partner until 2029. The partnership brings together two brands that are aiming to shape the future of sport, design, and contemporary lifestyle, said the statement.

Richard Heaselgrave, Chief Revenue Officer at Paris Saint-Germain commented, “This partnership with BEYOND Developments represents a powerful alignment between two brands that redefine excellence in their respective fields, with a shared belief that sport and design both have the power to inspire and elevate everyday life. BEYOND’s approach to creating meaningful spaces mirrors our own ambition to connect with people through passion, creativity, and emotion.”

Paris Saint-Germain and BEYOND Developments share a common belief in the transformative power of culture. Both companies operate beyond their core industries, engaging global audiences through identity, creativity, and a clear sense of purpose. They occupy a space where sport, lifestyle, and expression naturally intersect, the statement outlined.

Adil Taqi, CEO of BEYOND Developments added, “As we begin 2026, this partnership with Paris Saint-Germain sets a meaningful tone for the year ahead. It reflects our belief that great design and great sport share the same power. Both move people, shape culture, and create moments that stay with us. At BEYOND, we design destinations that evoke emotion and inspire connection. Paris Saint-Germain brings that same energy to a global stage. This collaboration allows us to engage audiences through a shared vision of creativity, performance, and modern living, while extending our presence to new communities around the world.”

For BEYOND, this partnership serves as a natural extension of Dubai’s creative energy and global cultural influence. It further solidifies the brand’s presence while providing opportunities to engage diverse audiences across Europe, Asia, and the Middle East, the statement concluded.

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Developer Richmind has announced the complete sell-out of Phase 1 of its flagship development, Oystra, situated on Al Marjan Island. This achievement follows an unprecedented response from buyers and investors, prompting the developer to launch Phase 2, which is now open for sale, said a statement.

Designed by Zaha Hadid Architects (ZHA), Oystra by Richmind marks the firm’s inaugural residential development on Al Marjan Island. The project has garnered demand from international markets, particularly Europe, where over 50% of buyers originate. This underscores Oystra’s appeal to global investors, the firm said.

Significant interest has also been recorded from key markets such as the USA, Canada, China, Australia, and Turkey. As part of Phase 2, Richmind has unveiled the upcoming release of limited edition ultra-luxury penthouses.

Mohammad Rafiee, CEO, Richmind said, “The sell-out of Phase 1 is a resounding validation of our vision to bring art into living. Oystra has resonated deeply with the international community, particularly those in Europe who value the fusion of iconic Zaha Hadid architecture with functional luxury – at an ever-growing lifestyle destination like Al Marjan Island.”

“Our Phase 2 launch will see even more exclusivity, premium offerings and limited edition homes, setting this new standard of UAE living to the world. The interest from global investors to buy property in the UAE is a trend we will continue to cater to. Our recent expansion into China with a sales office in Shanghai and our collaboration with Harrods in London in February are strategic steps to be closer to our global clientele.”

Christos Passas, Director of Design, Zaha Hadid Architects added, “With Phase 2, we continue the narrative of fluid elegance. The architecture of Oystra is designed to engage with the elements, the sea, the wind, and the light. We are thrilled to see how well the design has been received globally. It confirms that there is a universal language for beauty and innovation, and we look forward to seeing this second phase come to life, offering residents a spatial experience that is both grounding and limitless.”

Richmind is introducing Oystra directly to European investors through a series of high-profile roadshows, which will include stops in Manchester, Hamburg, and an exclusive showcase at Harrods in London, the statement said.

The development offers residents access to over 50 amenities. These include a 150m crystal clear lagoon, a branded Luxe European spa, yoga pavilions, and golf simulator. These amenities are collectively designed to enhance the living experience. Richmind said it will also announce a collaboration with a luxury hospitality brand this year, which will bring curated serviced residences and exclusive high-end F&B offerings to the community.

The crown jewel of the development’s leisure offerings is Ras Al Khaimah’s first and only 360-degree infinity pool. This pool offers views on Al Marjan Island. It is complemented by a Beach Club and a dedicated 24-hour, 5-star concierge service. These features ensure that all residents enjoy a hotel-standard lifestyle.

As construction progresses toward the 2029 handover, Oystra continues to embody Richmind’s vision for design-led, artful living. This vision enhances the UAE’s coastal landscape while delivering lasting value for residents and investors, the statement concluded.

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Sobha Realty’s upcoming luxury villa community development, Sobha Elwood, will deploy clean energy systems from Positive Zero, including the first-of-its-kind mobile battery energy storage system (mBESS) in the region, the developer said.

The fume-free, noise-free mobile battery units deliver electricity where it’s needed on the construction site, replacing traditional diesel generators and fossil fuel dependency. Over the duration of the 2 year agreement, Positive Zero’s HYPR system will replace the equivalent of more than 30,000 gallons of diesel, the developer explained.

Ravi Menon, Chairman of Sobha Group said, “At Sobha Realty, sustainability is a fundamental pillar of how we build and how we envision the future of our communities. Our partnership with Positive Zero for Sobha Elwood marks another decisive step in integrating clean, renewable energy solutions across our developments. In alignment with the UAE Green Agenda 2030 and the Dubai 2040 Urban Master Plan, this initiative reinforces our commitment to shaping communities that are world-class, future-ready, and environmentally resilient.”

Each mobile battery system is charged using clean, renewable solar power which is highly efficient compared to diesel equivalents. Positive Zero swaps batteries in and out, as required, to ensure a constant supply of reliable on-site electricity. It is estimated that 219MW/h of electricity will be delivered through the systems per year.

“We are delighted to support Sobha Realty in its pioneering new approach to real estate development, powering more sustainable construction and lowering carbon emissions. Sobha Realty is setting a clear benchmark for developers and demonstrating that clean energy can make a transformative difference to the sustainable development of cities,” said David Auriau, Chief Executive Officer, Positive Zero.

This is the second project that Sobha Realty has signed with Positive Zero. Following the successful implementation of Positive Zero’s HYPR clean energy systems at Sobha One as the first project, Sobha Elwood now becomes the second development to adopt these renewable energy solutions, as the real estate leader continues to support Dubai’s strategic initiative to reduce carbon emissions by 50% by 2030.

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Initial has launched TagPoint, a QR and Near Field Communication (NFC)-enabled solution designed to simplify and enhance the process of raising, logging, and managing service requests across client sites.

The launch will facilitate faster response times and improve service visibility, enabling building users and client teams to submit requests instantly via mobile devices, strengthening operational tracking from request initiation to resolution. The launch of TagPoint aligns with the growing demand across the facilities and support services sector for mobile-first engagement, real-time responsiveness, and clearer data-driven oversight of service performance, said a statement.

TagPoint offers a straightforward and user-friendly way for clients to submit service requests by scanning a QR or NFC tag at the point of need using their mobile devices. Each request automatically captures structured information, including request details, location, and time, thereby reducing the reliance on calls and emails. This streamlined process enables quicker and more accurate responses from Initial’s operations teams, it added.

The solution was developed in-house by Initial’s Service Operations Center to address common challenges faced by facilities and support services. These challenges include fragmented request channels and incomplete information, which can hinder effective response. By standardising the request submission process, Initial aims to enhance service responsiveness and enable more consistent, data-driven decision-making across its operations.

TagPoint is designed to integrate with existing facility management systems and operational processes. It introduces a new, streamlined approach to raising requests while complementing, rather than replacing, established workflows. Requests are automatically logged and tracked, and clients receive confirmation and completion updates to facilitate clearer communication and increased transparency throughout the service cycle.

“TagPoint is a practical solution focused on improving how information enters our systems,” said Ricardo Pascoal, Chief Operating Officer, Facilities Management, Initial. “By capturing accurate, structured data at the source, it becomes easier for our teams to respond, prioritise work and maintain clear visibility across operations.”

Since launch, TagPoint has captured tasks across core operational services, including maintenance, cleaning, pest control and landscaping, providing clearer visibility of service demand and workload distribution and supporting more informed planning and resource allocation. By capturing structured data at the point of request, TagPoint supports reporting and performance analysis, helping facilities teams identify trends, monitor service performance and continuously enhance service delivery, the firm said.

TagPoint forms part of Initial’s ongoing focus on digital innovation, applying technology where it delivers measurable operational value to clients. The solution is being rolled out across selected sites and supports a consistent, mobile-first experience across multiple services, locations and client environments.

The launch reinforces Initial’s commitment to operational clarity and service efficiency, strengthening how service requests are managed from initiation through to resolution across Saudi Arabia’s built environment. Future enhancements, including expanded location intelligence and additional digital communication channels, will further support continuous improvement in client service delivery.

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Omnix International has expanded its consulting portfolio by launching its Digital Twin consulting service line. The strategic move solidifies Omnix’s commitment to digital twins by leveraging its technology capabilities and providing structured, business-focused consulting services.

Digital twins have emerged as a pivotal tool for organisations aiming to enhance performance, resilience, and sustainability across intricate assets and operations. However, many initiatives face challenges in moving beyond isolated pilots or technology-driven proofs of concept.

Omnix’s new consulting offerings are specifically designed to address these challenges by integrating digital twin initiatives into business strategies, identifying measurable outcomes, and developing long-term operational models.

Walid Gomaa, CEO of Omnix International said, “Our mission is to expand Omnix’s leadership in digital twins by bridging technology excellence with strategic consulting. We want to help organisations translate digital twin potential into tangible business outcomes that will drive innovation, efficiency, and growth across the region.”

The launch is built on three core pillars. First, Omnix leverages its deep technology expertise developed through long-standing partnerships with leading vendors in the Industry X ecosystem. Second, the company capitalises on its proven delivery experience as a trusted implementation partner for major enterprises across the GCC. Finally, Omnix introduces a structured advisory capability grounded in real industry challenges, helping clients define clear digital twin visions, prioritise high-value use cases, and develop executable roadmaps that deliver measurable impact, the statement said.

In the GCC, many organisations are still developing the internal capabilities needed to independently design and maintain digital twin programs that align with national priorities. Consequently, digital twin initiatives frequently remain fragmented or disconnected from broader business goals.

Tommaso Stefano Tini, Senior Manager Digital Twin Market Growth & Consulting said, “Omnix Digital Twin Consulting is designed to guide clients along an end-to-end journey that starts with business strategy rather than technology, ensuring scalability, adoption, and long-term value creation.”

Omnix Digital Twin Consulting services will primarily support organisations in the GCC region, with a strong emphasis on industries like construction, manufacturing, energy, healthcare, and large asset portfolios. In the future, Omnix anticipates a rapid transition in the Middle East from experimentation to execution of digital twins. This shift will involve moving from isolated assets to connected, enterprise-level platforms that facilitate performance, sustainability, and ESG reporting.

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Investcorp Saudi Arabia Financial Investments Company (Investcorp) has expanded its digital platform offerings through a distribution agreement with Stake, a digital real estate investment platform.

This partnership grants investors access to a curated selection of international real estate opportunities through the Stake digital application. It combines Investcorp’s institutional-grade investment expertise and due diligence with Stake’s technology-enabled user experience.

Mashaal Al Jomaih, CEO of Investcorp Saudi Arabia said, “Investcorp is committed to redefining access to private markets through digital innovation, and strategic partnerships with platforms such as Stake are a key pillar of our global digital platform strategy. This agreement enables individual investors to participate in high‑quality opportunities historically reserved for institutions, combining Stake’s advanced technology with our global investment capabilities and disciplined approach.”

Manar Mahmassani, Co‑Founder and Co‑CEO of Stake added “As we continue to make real estate investing more accessible, partnering with top tier investment managers like Investcorp allows us to bring high-quality opportunities to our users. This partnership brings us one step closer to our vision of enabling investors worldwide to access prime, institutional-grade global real estate investments through a single digital platform.”

Investors can participate in opportunities that were traditionally exclusive to institutional partners through the Stake platform. This initiative reinforces Investcorp’s commitment to democratising access to private markets through digital innovation.

This agreement aligns with Investcorp’s broader strategy to establish a global digital platform ecosystem. Last year, they launched their proprietary, Investcorp Wealth mobile app, which serves as a streamlined gateway to private market investments. The joint venture with Stake represents a complementary expansion of this strategy, leveraging a third-party fintech platform to extend Investcorp’s digital reach.

All offerings under this agreement adhere to the regulatory framework of the Capital Market Authority (CMA) of the Kingdom of Saudi Arabia. The CMA has implemented a progressive and forward-thinking regime aimed at increasing investor participation in private investment funds, while maintaining stringent standards of investor protection and compliance.

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ELEVATE has made a significant announcement regarding a landmark transaction at the Mondrian Al Marjan Island Beach Residences. This announcement was made just days after the project’s ground-breaking ceremony; the development’s Crown Jewel offering, an ultra-exclusive sky mansion, has been sold for US $10.35mn, the firm said.

The sale sets a new benchmark for ultra-luxury real estate in Ras Al Khaimah. The property, which epitomises the pinnacle of beachfront living in the Northern Emirates, was sold within hours of its release. This highlights the strong demand for high-end branded residences located near the upcoming $5.1bn Wynn Resort, said a statement.

The Sky Mansion spans 10,000sqft across three levels, and boasts 28ft ceiling heights, floor-to-ceiling windows, and exclusive outdoor living spaces, including a private roof garden and a private infinity pool. The residence offers panoramic views of the ocean and the neighboring Wynn Al Marjan Island.

Zeeshaan Shah, Founder & Chairman of ELEVATE said, “The sale of our Sky Mansion at $10.35mn is a defining moment for Mondrian Al Marjan Island Beach Residences and for Ras Al Khaimah’s luxury real estate market.With limited inventory and EOIs now officially open for Phase 2, demand continues to significantly outpace supply. Phase 1 was absorbed at record speed, and based on the traction we’re already seeing, we expect Phase 2 to follow the same trajectory. Buyers recognise that Mondrian Al Marjan Island Beach Residences is not just a residence, but a lifestyle investment in one of the UAE’s fastest-rising destinations.”

Haider Ibrahim, Sales Director at ELEVATE added, “From the very first release, buyer response has been exceptional, and the Sky Mansion sale reflects the calibre of clientele the project is attracting. Investors and end-users are drawn to the combination of beachfront positioning, branded living, and long-term upside driven by the Wynn destination next door. Phase 2 offers a rare opportunity to enter at this stage of the project, and we’re already seeing strong interest across all collections.”

With a surge in demand from both international investors and end-users, the developer has unveiled specific details about the remaining inventory types. These include 1 to 3 bedroom residences, 3 to 5 bedroom sky collections, and 3 to 4 bedroom front row collections. The development marks Mondrian’s inaugural beachfront residential project in the region. It boasts a bold design DNA crafted by architects Gensler and interior by Bergman Design House, the statement noted.

Residents can indulge in an array of over 60,000sqft of curated amenities. These include Fi’lia by the Beach, the Residents’ Sky Club, a fully equipped fitness studio featuring an outdoor gym, personal training studio, and recovery zone, as well as multiple swimming pools. Homeowners will also have access to Mondrian’s signature essential and on-demand services, along with an exclusive invitation to join Platinum Status within the Accor Owner Benefits Program, the statement concluded.

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