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July 10, 2025 foasummit0

Dubai-based Sweid & Sweid has completed its first phase of apartments at The Nelson, a 370-unit multifamily development nestled in the Austin, Texas submarket. With a presence in both the United Arab Emirates and the United States, Sweid & Sweid continues to serve as a bridge between regional development expertise and investment capital in the US, the firm said.

“Our activity in the US is a long-term strategic diversification play. We currently see great opportunities in both markets, albeit driven by different forces. In the US, the tight supply pipeline driven by high interest rates and low construction starts is predicted to create an acute shortage in the coming years,” said Maher Sweid, Managing Partner of Sweid & Sweid. “In contrast, Dubai is witnessing a significant amount of oncoming supply, but the demand growth has been impressive and unprecedented.”

For Sweid & Sweid, The Nelson represents the latest chapter in a growing portfolio of UAE and U.S. projects. With a track record of identifying opportunities in high-growth, economically diverse markets, the firm continues to expand its footprint across both countries. “Ultimately, we believe that disciplined capital, applied at the right moments in the cycle to the right product, will continue to generate outsized returns,” added Sweid.

Austin’s real estate market is at a critical juncture. After years of rapid development, new construction in the city has slowed down considerably, while demand remains strong. According to CoStar, the first quarter saw the strongest absorption rate ever recorded, with 5,470 units sold. However, new construction starts have dropped to their lowest level since 2011, indicating a significant tightening in the supply pipeline.

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Source: ME Construction News


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July 10, 2025 foasummit0

Developer Major Developers said that it has made a significant acquisition by purchasing a prime land parcel in RAK Central, Ras Al Khaimah’s new commercial and administrative hub. This move holds immense importance as it marks a milestone in the company’s expansion strategy, the firm said.

The move also underscores the company’s commitment to supporting the emirate’s ambitious infrastructure-driven goals outlined in RAK Vision 2030. This framework serves as Ras Al Khaimah’s roadmap to achieving sustainable, diversified, and globally competitive growth, the developer said.

“With RAK Central, we’ve created a mega-development that is structurally aligned with regional growth, global investment patterns, and national diversification goals. Major Developers’ decision to invest in this multi-use destination is a testament to Ras Al Khaimah’s growing clout as a durable economic engine driving further progress. We welcome their participation in the evolution of RAK Central and look forward to a landmark addition to its evolving identity,” said Abdulla Al Abdouli, Chief Executive Officer, Marjan.

“RAK Central represents a high-potential economic zone, and we see it as a natural extension of our growth strategy. Every square foot we develop is driven by precision, performance, and investor confidence. This project enables us to deploy our design-led construction, financial foresight, and value-oriented execution in a district that reflects these very principles. Ras Al Khaimah’s infrastructure-first vision aligns seamlessly with our commitment to long-term capital appreciation, global partnerships, and regionally impactful development,” added Andrei Charapenak, CEO, Major Developers.

RAK Central will be offering 100% foreign ownership, low corporate taxation, and a future-ready master plan. Anchored in a ‘Work–Live–Play’ philosophy, the district is designed to attract regional headquarters, business expansions, and commercial operations through its integrated infrastructure and investor-friendly ecosystem.

The RAK Central master plan includes 3m sqft of rentable office space, 4,000 residential apartments, four hotels offering over 1,000 keys, parks, green spaces, pedestrian zones, retail and entertainment, and over 1,000 visitor parking spaces across interconnected buildings. Development is already underway on RAK Central HQ, which will serve as the district’s primary business complex and anchor the wider commercial offering, said the statement.

Major Developers said that it identifies RAK Central as a focal point for investors seeking credible returns within a stable, growth-oriented ecosystem. All aspects of Major Developers’ upcoming project in RAK Central will be guided by its founding principles- uncompromising quality, data-informed execution, and outcomes measured by long-term asset performance. From architectural identity to operational delivery, the project aims to raise the standard for real estate in the emirate.

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Source: ME Construction News


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July 10, 2025 foasummit0

Al-Futtaim Technologies, a subsidiary of Al-Futtaim Contracting, has partnered with Johnson Controls to introduce global smart building platform OpenBlue to the UAE market. The collaboration represents a step forward in providing businesses and government entities across the region with intelligent infrastructure and energy-efficient solutions, said a statement.

The announcement was made during an event hosted by Al-Futtaim Technologies, which offered clients and industry stakeholders an exclusive opportunity to explore the OpenBlue platform and Johnson Controls’ Facility Explorer FX. The event showcased how these technologies can facilitate organisations’ transition towards smart, data-driven building management. As smart city development accelerates in the Middle East, this partnership positions Al-Futtaim Technologies and Johnson Controls as key enablers of next-generation digital buildings. Together, they aim to drive operational excellence, environmental responsibility, and future-ready infrastructure across the region, a statement from Al-Futtaim Technologies explained.

The OpenBlue platform empowers businesses to gain real time operational insights, predict maintenance issues, and enhance occupant experiences. Moreover, it aligns with sustainability goals by integrating digital intelligence with energy optimisation. This approach addresses the growing demand in the GCC for smarter, more efficient, and future-ready infrastructure.

Razi Hamada, General Manager of Al-Futtaim Technologies, expressed excitement about their partnership with Johnson Controls stating, “It represents a significant milestone in their mission to create smarter, more efficient, and sustainable buildings throughout the region. Our partnership with Johnson Controls marks a major step forward in our mission to deliver smarter, more efficient, and sustainable buildings across the region. With the launch of OpenBlue, we are empowering our clients to embrace digital transformation through real-time intelligence, energy optimisation, and seamless occupant experiences. This collaboration reinforces Al-Futtaim Technologies’ commitment to shaping the future of intelligent infrastructure in the UAE.”

Evgenia Ostrovskaya, Digital Region Leader EMEALA at Johnson Controls added, “We are thrilled to collaborate with Al-Futtaim Technologies in bringing OpenBlue to the region. Together, we’re defining the future of smart buildings with real-time analytics, energy efficiency, and seamless occupant experience.”

The partnership builds upon Al-Futtaim Technologies’ existing portfolio, which includes infrastructure, ELV systems, AV solutions, and managed services. The company serves sectors such as real estate, education, finance, and government across the UAE, Qatar, and Saudi Arabia.

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Source: ME Construction News


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July 10, 2025 foasummit0

Cundall has appointed Scott McKeever in Dubai and Gary Dodds in Doha as partners. The strategic appointments are said to mark a significant step in the continued growth and investment of the practice across the MENA region.

Commenting on these additions to Cundall’s global leadership team, Lee French, Partner and Managing Director MENA said, “I’m delighted to welcome Scott and Gary to the partnership and our global leadership team. They are extremely talented individuals, whose vision, commitment, and technical expertise have been instrumental to our continued success in the MENA region. As partners, I’m confident they will continue to create new opportunities, strengthen client relationships, and help shape the future of our business.”

According to a statement, McKeever joined Cundall in 2022 to lead the regional building services team, and drove significant improvements in operational efficiency. He played a key role in launching Cundall’s Bengaluru office and spearheading the region’s work-sharing strategy.

Appointed Country Director for the UAE in 2023, Scott has championed digitalisation and innovation, resulting in enhanced project delivery and long-term value for clients. With a strong track record of leading large multi-disciplinary teams and delivering major developments across the region, he brings invaluable expertise and strategic insight to the partnership.

Dodds has been a key part of Cundall’s Doha team since 2016, bringing consistent leadership and technical excellence to the business. Prior to his appointment as Partner, Gary led Qatar’s structures team and has been Country Director since 2021.

Gary has demonstrated exceptional resilience and foresight in navigating market challenges, strengthening client relationships, overseeing completion of major projects and expanding the local team with new services. A chartered structural engineer with a strong commitment to sustainable design, Gary’s leadership continues to elevate the technical and commercial performance of the business in Qatar, the firm said.

Alongside Scott and Gary, other key regional appointments include Mario Saab, who is appointed as Director of Sustainability MENA. Over the past four years, Saab has shaped and expanded Cundall’s MENA sustainability business in both scale and influence, building high-performing teams across four offices and delivering technical and commercial success.

He has led industry-first achievements for clients such as Msheireb Properties in Qatar, Majid Al Futtaim in the UAE, and the National Housing Company in Saudi Arabia. In his expanded role, Saab will take on greater regional leadership responsibilities, and will continue to drive Cundall’s mission to help clients achieve high-impact, performance-led environmental outcomes.

The firm said that Fazel Bashir has also been appointed as Director of Structures, as Cundall scales its capabilities to meet the increasing demand for complex, large-scale developments across the region. Known for his deep technical expertise, hands-on leadership, and commitment to quality, Bashir will play a pivotal role in enhancing Cundall’s structural offering and delivering engineering excellence on landmark projects.

French concluded, “These appointments reflect the outstanding contributions Mario and Fazel have made to our business. Their technical excellence, leadership, and ability to inspire high-performing teams are exactly what we need as we enter our next phase of growth. They will be instrumental in delivering exceptional value to our clients and supporting national development priorities, particularly in accelerating the transition to Net Zero.”

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Source: ME Construction News


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July 9, 2025 foasummit0

We are delighted to announce the latest edition of the Women in Construction/ED&I Summit & Awards, taking place in Dubai on 1 October 2025.

This year’s event combines the Summit and Awards in a single day, creating a powerful, comprehensive forum that is both a tribute to progressive gender reforms and a celebration of the companies and personalities delivering lasting change. It’s a flagship occasion for everyone committed to gender equality and reform in the construction sector.

This year’s summit focuses on three key themes discussing – and aimed to empower – gender equality:

  • Aligning businesses with the existing legislation regarding women at work and giving a practical toolkit whereby employees can effectively lobby for change
  • Women’s inclusiveness in company team-building activities; the critical role of women in client liaison and project delivery
  • Women in leadership: how to ensure that gender representation doesn’t falter at the crucial stages of promotion and seniority

The Women in Construction/ED&I Awards – now comprises 20 categories!

In 2025, the Women in Construction/ED&I Awards have expanded substantially, and feature 20 categories highly relevant to the GCC’s construction narratives. Spanning key issues rooted in the quest for women’s workplace equality – as well as a raft of crucial ED&I agendas – they ensure that there’s a relevant category for every niche and style of business.

The awards feature categories for both individuals and organisations; they benchmark every style of activism, from women’s team-building initiatives, women’s representation on the C-Suite, and a commitment to ease of access for people of determination.

Nominations for the Awards can be made via the event website: https://2025.wicsummitandawards.com/

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Source: ME Construction News


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July 9, 2025 foasummit0

Eurostar and London St Pancras Highspeed (formerly HS1) are collaborating on plans to double station capacity at St. Pancras International. A study commissioned by London St Pancras Highspeed predicts that traffic is expected to triple by 2040, increasing from 11m to 35m passengers annually. In response, Eurostar recently announced plans to expand its destinations from London to include Geneva and Frankfurt.

Other operators are also looking to enter the cross-channel rail market in the UK. London St Pancras Highspeed and Eurostar have signed a letter of intent, signifying their shared ambition to take significant steps to expand capacity. Originally designed by William Henry Barlow and opened in 1868, the Grade I-listed station underwent a refurbishment in 2007. However, changing travel patterns, post-Brexit border checks, and growing international rail demand have led to capacity constraints.

Architects HawkinsBrown have been appointed to undertake and deliver a comprehensive design and feasibility study. The study aims to assess how the ground floor layout for the international zone of the station can be reconfigured to accommodate more passengers and enhance operational efficiency. Ramboll will provide various services, including structural engineering, building services engineering, sustainability consultancy, border control consultancy, and historic structures expertise.

Richard Thorp, Chief Operating Officer at London St Pancras Highspeed said, “We’re delighted to be working with Eurostar to expand capacity at St. Pancras International. With growing passenger demand for international train travel, it is important that St Pancras International station is future-proofed and optimised to accommodate this. With a shared ambition and collaborative approach, we can ensure our iconic station is ready to support this demand, and we’re looking forward to getting started on a new era of connectivity between London and Europe.”

HawkinsBrown Partner Andrew Davies said, “We are very excited to be leading a hand-picked multi-disciplinary team to unlock this constrained site and enable millions of people to enjoy affordable, high-speed, and sustainable journeys to and from Europe. Our challenge is to create a welcoming new landmark for London, with minimal disruption to the travelling public in the process.”

The team of sub-consultants also includes Momentum Transport Consultancy, Gardiner & Theobald, Montagu Evans, OFR and Wilmott Dixon. Together, the group will take the project through RIBA Stage 2, focusing on feasibility and concept design for a re-configured international departures area. The concept design and feasibility study is due to be finished towards the end of 2025, when formal design and construction plans are to be developed.

Phase one is a review of short term improvements within the current footprint, including optimising the security and border crossing processes to deliver an uplift of 2,700 passengers per hour in the next three to four years. Phase two is to improve the international area and its connection to the main concourse, helping the passenger flow. Completion of this is expected by 2028. Phase three is consideration of further capacity enhancements in the 2030s, potentially relocating the arrivals flow upstairs.

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Source: ME Construction News


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July 9, 2025 foasummit0

ELEVATE and Ennismore have signed an agreement to introduce the region’s first beachfront Mondrian residences in the UAE. The US $500mn project will be situated on Al Marjan Island, with the opening anticipated to be in Q4 2028. With this project, ELEVATE said it is reaffirming its long-term commitment to the UAE, supported by a $1bn development pipeline scheduled for the next 12 months.

As the newly launched lifestyle real estate brand from One Group, ELEVATE is setting out to redefine living with its philosophy of living centred around five core pillars of health, wellness, tribe, purpose and flow that resonate with both modern residents and global investors.

Abdulla Al Abdouli, CEO of Marjan said, “We are delighted to welcome the Mondrian Residences to Al Marjan Island as part of our ongoing commitment to elevating Marjan’s global stature, which is increasingly being famed as a lifestyle-led development. This collaboration between ELEVATE and Ennismore adds a new layer of depth and creativity to our growing portfolio of branded residences on the island. We are proud to welcome Mondrian Beach Residences to Al Marjan Island, which is slated to mark a global expansion for the hospitality giant, showcasing the draw and relevance of Marjan today.”

Zeeshaan Shah, Chairman of One Group and Founder & CEO of ELEVATE added, “We’re very proud to be bringing the first-ever beachfront Mondrian residences to the UAE in collaboration with Ennismore. We carefully selected Mondrian for this location as the brand is the epitome of what Marjan Island is becoming. Renowned for being at the forefront of lifestyle, art and culture, Mondrian projects are icons in every city they’re in whether it’s Los Angeles, Cannes or Ibiza and this will undoubtedly be the icon of Marjan Island. This partnership marks our development debut in the region, and we are proud to start by setting a new benchmark in branded beachfront living. I’m deeply grateful to the trusted partners and supporters who stood by this vision from the start – your belief and commitment have been paramount in bringing it to life.”

The Mondrian Al Marjan Island Beach Residences will deliver a five star hospitality-infused residential experience, featuring private beach access, signature design elements, wellness-centric amenities, and curated cultural programming. Residents can expect hotel services with the privacy and ownership benefits of a home, making it an investment for both lifestyle buyers and investors. Backed by a global real estate transaction record exceeding $2.5bn, One Group’s expansion into the UAE through ELEVATE is not just strategic – it’s personal, said the statement.

Known for its avant-garde design and cultural relevance, Mondrian is one of Ennismore’s iconic brands, celebrated for its edge in art, fashion, and urban living, with flagship properties in different cities Mondrian’s branded residential arrival in the UAE signals a new era for luxury beachfront living.

Louis Abboud, Regional Head of Lifestyle Collective IMEAT at Ennismore added, “We are excited to introduce this new and exciting Mondrian residential project to the UAE in collaboration with ELEVATE. Mondrian is a symbol of creative expression, and Al Marjan Island provides the perfect canvas. This development will bring our signature energy to a thriving new destination and redefine what modern beachfront living can feel like.”

To ensure every detail of the project reflects its vision, a team of consultants has been curated. Leading the architectural narrative is Gensler which brings global expertise and innovative design-thinking to the forefront. Complementing this is Bergman Interiors which will add a layer of sophistication to the interiors.

Ennismore’s branded residential properties, including Mondrian Al Marjan Island Beach Residences, are supported by Accor One Living, which is said to be an industry-first 360-degrees platform focused on developing, designing, and operating mixed-use projects and branded homeowner communities. Through Accor One Living, homeowners, guests, and partners are connected to Accor’s diverse ecosystem of brands, expertise, and solutions, creating a constant flow of new opportunities to live, work, and play.

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Source: ME Construction News


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July 8, 2025 foasummit0

The Big Project Middle East (BPME) editorial team has said that the 2025 edition of the popular Digital Construction Summit (DC Summit) will take place on 25 September at the Habtoor Grand Resort, JBR, Dubai.

The BPME team revealed that Artificial Intelligence (AI) will be a key theme at this year’s day-long event. The team said that the event’s agenda will also have a significant focus on automation and robotics, in addition to digital twins and the rising digital skills gap.

Like last year’s event, the 2025 DC Summit will feature several panel discussions and presentations from regional experts and thought leaders, and will boast a prominent exhibition and demonstration component.

Registration is complementary but mandatory for construction professionals – click here to register.

“The Digital Construction Summit is one of the most highly anticipated regional construction technology events, and the 2025 edition is on track to be the biggest and most successful edition yet. We’ll be focusing on several key topics that have come up in conversation over the last year, including AI, automation and robotics, the opportunities and challenges associated with digital twins in the region, and the growing digital skills gap in the region,” explained Jason Saundalkar, Head of Content at Big Project Middle East.

The event’s agenda and speakers will be unveiled in the coming weeks, Saundalkar confirmed.

The 2025 Digital Construction Summit is sponsored by:

Gold Sponsor: RIB
Strategic Partner: KEO International Consultants
Supporting Partners: ECC and RICS

To learn more about the Digital Construction Summit, click here.

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Source: ME Construction News


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July 8, 2025 foasummit0

Red Sea Global (RSG) has released the findings of one of the most extensive and comprehensive terrestrial baseline surveys ever conducted by a development company. The survey helped establish a new standard for conservation-led development in the tourism industry and unveiled several significant discoveries, said the firm.

The report titled ‘Terrestrial Spatial Habitats Assessment for Biodiversity Conservation’ was published and conducted in collaboration with the Biodiversity and Genetic Resources Research Center (BIOPOLIS/CIBIO) from the University of Porto in Portugal. The survey encompassed over 120 terrestrial sites, spanning an area of more than 13,000sqkm. The sites included diverse landscapes, such as deserts, volcanic fields, wetlands, mangroves, and mountain ecosystems.

During the fieldwork, RSG’s team identified several species potentially new to science, meaning they have been identified as distinct and previously unrecorded by scientists. Among the species discovered in the fieldwork were one scorpion (Trypanothacus sp), two geckos (Hemidactylus sp and Tropiocolotes sp), and a small mammal (Gerbillus sp).

A scientific finding of this scale is highly significant, especially as biological knowledge of this region has been historically limited. Furthermore, with the discovery of these potential new species, RSG’s terrestrial team has demonstrated the ecological uniqueness and conservation value of deserts and arid environments, which are often perceived as low in biodiversity but, in reality, host specialised and highly adapted fauna, the developer stated.

“This survey marks yet another important step in our continued efforts to protect and enhance the region’s landscape and wildlife,” said John Pagano, Group CEO of Red Sea Global. “We now know exactly where these habitats are, what species they support, and what steps we need to take to protect them. By embedding this kind of scientific research into planning, we’re showing that luxury tourism and environmental preservation are not only compatible, but they can also be brought together to deliver long-term benefits for both the environment and our visitors.”

In addition to the potentially newly discovered species, the report also identified 11 local Key Biodiversity Areas (KBAs) recognised by the International Union for Conservation of Nature (IUCN) for their significant contribution to the persistence of biodiversity, either globally, regionally, or locally. These local KBAs were newly identified through this baseline survey using the IUCN’s methodology and support diversity of flora and fauna, including locally threatened species, geographically restricted species, and species found only in the Arabian Peninsula.

The broader findings of the survey serve as an ecological baseline, guiding RSG’s land-use, restoration, and conservation strategies. The baseline will also inform development decisions as destinations continue to progress. Moreover, the fieldwork supports RSG’s commitment to achieving a 30% net conservation gain by 2040. By that year, the region will have more or better-quality habitats than before development began, the developer explained.

The survey highlights the ecological significance of the Red Sea zone, the combined terrestrial area encompassing The Red Sea and AMAALA. It documented 41 locally threatened species including the Arabian Woodpecker, classed locally as critically endangered and found in the Red Sea mountains, the endangered Nubian Ibex, facing habitat loss, as well as the vulnerable Egyptian Slit-faced Bat and Bonelli’s Eagle; 88 locally geographically restricted species including several species potentially new to science, such as Hemidactylus sp. and Gerbillus sp. highlighting how little was known about this landscape; 19 species only found in the Arabian Peninsula, adding to the region’s unique biodiversity, such as the Arabian Sunbird, the Hejaz black-collared snake, and Scott’s Ground Beetle; 18 species displaying local demographic aggregations within the zone, meaning their populations in the area rely on specific sites for breeding, feeding or shelter.

Among the 11 local KBAs identified are, Al-Wajh Bank, a globally recognised Important Bird Area (IBA) that plays a crucial role in supporting populations of the Sooty Falcon and other marine birds like the Crab Plover and the Sooty Gull. It is also a major stopover for many globally and locally threatened migratory species; Upper Wadi Al Hamd, recognised as an important area for several species, such as the Arabian Wolf. Identifying this KBA gives conservationists better insights into how the species is surviving and highlights the need for habitat restoration. Additionally, as the Arabian Wolf faces ongoing threats from persecution and hunting, the KBA designation also opens the door to working more closely with local communities inhabiting the area to encourage coexistence and shift prevailing perceptions.

In total, these KBAs provide habitat for 136 species of local conservation concern. This number represents 24% of the diversity identified in the Red Sea zone, highlighting the importance of these areas for ongoing conservation efforts within the area. As a result of this fieldwork, which transformed the level of knowledge available, filling critical gaps in the scientific record, the species and habitats identified will now be better protected.

The work is said to highlight RSG’s commitment to regenerative tourism, which not only focuses on sustainability but actively contributes to the restoration and enhancement of destinations, rather than just reducing negative impacts. Additionally, it builds on RSG’s 2022 Environmental Baseline Survey, which examined the populations and habitats of species along the Red Sea coastline. The findings also support Saudi Arabia’s national environmental goals under the Saudi Green Initiative, and align with global biodiversity targets under the UN Convention on Biological Diversity.

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Source: ME Construction News


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July 8, 2025 foasummit0

Developer MERED recently shared new buyer insights from its ICONIC Residences Design by Pininfarina project. The insights reveal shifting expectations amongst Dubai’s premium real estate buyers. The analysis, compiled from direct buyer engagements in the first half of 2025, offers a snapshot of how high-net-worth individuals (HWNI) are navigating the city’s residential market.

The report highlights several key factors influencing buyer decisions. Privacy and exclusivity are top priorities for 65% of buyers, while architectural quality is a crucial factor for 60%. Location and connectivity are important to 55% of respondents, while 50% focus on long-term investment value. Lifestyle-driven amenities and services are a priority for 45% of buyers. Notably, investors consistently seek insights into capital appreciation potential, emphasising financial performance as a core consideration, the firm explained.

In terms of layout preferences, one- and two-bedroom units are said to be in high demand. These layouts offer flexibility and are well-suited for both personal use and short-term rental strategies. Ownership intent is also becoming more diverse. A dataset shows that 45% of buyers purchase for self-use, 30% for investment, and 25% opt for a hybrid model. This reflects a growing demand for adaptable property formats that can accommodate diverse buyer needs and lifestyles.

Buyers aged between 40 and 50 from diverse professional backgrounds such as finance, private equity, trading, legal, and healthcare, still constitute the majority of the market. However, a growing number of younger buyers are entering the market from emerging sectors like technology, digital finance, and the crypto industry. These buyers bring different expectations, favoring branded residences, functional layouts, and properties that support mobility and income generation, the developer pointed out.

During their initial conversations, over 85% of buyers expressed strong interest in amenities, particularly private outdoor terraces and a mix of wellness and lifestyle features. These features include natural green spaces, an ice spa, padel courts, yoga studios, indoor cinemas, and dedicated kids’ play areas. While environmental sustainability is not yet a leading motivator, there is a significant appreciation for features that enhance quality of life, such as medical-grade air filtration and ultra-purified water systems.

Experienced investors who have purchased properties across Dubai were pleasantly surprised to find a rare offering in ICONIC Residences – it is said to be the only development featuring fully wooden-floor apartments and heated bathrooms, creating a designed micro climate that adds an extra layer of comfort to the living experience.

Michael Belton, CEO of MERED commented, “Today’s generation of investors is sophisticated and discerning, expecting timeless architecture, wellness integration, and a genuine sense of community. At MERED, we see this as an opportunity to set a new benchmark with projects that speak to ambition, identity, and the way people want to live and invest in their future.”

The analysis revealed four key motivations that consistently influence final purchase decisions: 40% of buyers are drawn to the architectural quality and design pedigree of the project. Another 30% cite long term investment value and returns as their primary driving force. A further 20% are motivated by lifestyle and the surrounding sense of community, while 10% are focused on the developer’s track record.

As Dubai continues to evolve as a global capital for investment and architecture, MERED’s latest findings underscore the emergence of a more sophisticated premium buyer who views property as an extension of their lifestyle and legacy, the developer stated.

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Source: ME Construction News