Giorgio Armani in partnership with RAK Properties and SIE Group have launched Armani Beach Residences Ras Al Khaimah. The development marks the world’s first Armani-branded villas.

Located on Raha Island, the development will boast an exclusive and limited collection of beach villas and luxury apartments. Designed to integrate with the environment, these residences will offer an elevated lifestyle with direct private beach access and views across the Arabian Gulf, as per a statement.

Inspired by Armani’s personal residences, the Armani Beach Residences Ras Al Khaimah embodies his signature aesthetic of simplicity and timeless elegance. This vision sets a new standard for ultra-luxury living, redefining exclusivity within the emirate. Reflecting Armani’s philosophy and values, the Residences exude understated elegance and attention to detail, it added.

Giorgio Armani, Chairman and Chief Executive Officer of the Armani Group added, “New projects related to living fascinate me because I can bring the way of thinking of Haute Couture, that is, the use of precious materials and unique, tailored creations, into the space where we live. The villas developed in collaboration with RAK Properties, a true excellence in the sector, represent an important milestone in this journey and are even more significant because they are designed to integrate into the evocative surrounding marine landscape, offering a unique lifestyle experience.”

Sameh Muhtadi, CEO, RAK Properties added, “At RAK Properties, we are proud to bring Armani’s iconic design philosophy to life with Armani Beach Residences Ras Al Khaimah. This transformative partnership with Armani is a testament to Ras Al Khaimah’s growing appeal and our shared vision for the future of its premium real estate proposition. This development will not only set new standards for elevated living in the emirate, but will deliver lasting value and create an unparalleled lifestyle experience within Mina.”

Residents will enjoy an array of amenities, both indoors and outdoors, including an exclusive members-only beach club. As part of this exclusive community, they will also gain access to a program of benefits and services provided by Giorgio Armani, including special events, private experiences, concierge services, and global privileges.

The launch coincides with significant milestones for Armani/Casa and the Giorgio Armani brand. It celebrates the 25th anniversary of Armani/Casa and the 50th anniversary of the Giorgio Armani brand, marking five decades of lifestyle and design, the statement outlined.

Beyond the residences, the development’s beachfront setting will offer residents the chance to immerse themselves in Ras Al Khaimah’s coastal panoramas and nature, framed by the Jebel Jais Mountain range.

This partnership is said to highlight Armani’s commitment to crafting unparalleled living experiences that aligns with the emirate’s ambitious vision, and is crucial to supporting Ras Al Khaimah’s economic, social, and environmental objectives, the statement concluded.

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AMEA Power has announced its participation in the second phase of the Agadir desalination project in Morocco. The move marks the company’s entry into the project, which will be powered by AMEA Power’s 150MW wind project located in Laayoune. Once operational, this facility will become AMEA Power’s inaugural water desalination plant in North Africa, the company said.

Upon completion of the expansion, the Agadir desalination plant will boast a total capacity of 400,000m3 per day, solidifying its position as one of the largest desalination facilities in Africa. While the initial phase of the plant has been developed and is currently under the ownership of Spanish Cox, a water and energy management firm, the second phase will be delivered through a collaborative venture. AMEA Power will join forces with Cox, providing renewable energy through its wind farm in Laayoune.

“Our entry into the second phase of the Agadir desalination project in Morocco, under the Water Alliance Ventures platform, reflects AMEA Power’s ambition to address both water and energy challenges through integrated solutions. This project is not only our first entry into the water sector in North Africa – it is also a powerful example of what long-term partnerships can achieve for sustainable development across the region,” said Hussain Al Nowais, Chairman of AMEA Power.

This project holds significance as it represents the culmination of the joint venture agreement signed in May 2025 between AMEA Power and Cox. It embodies the shared vision of both companies to undertake integrated infrastructure projects that integrate access to water and energy.

The total investment for the second phase of the desalination project and the associated wind power facility is projected to exceed US $272.5mn. The desalination expansion is anticipated to commence its operational phase at the end of 2026, while the wind farm is expected to come online in 2027.

AMEA Power’s commitment to Morocco, said to be a key market in its long-term strategy, is further solidified by this project. With several clean energy projects already in the works across the country, AMEA Power remains steadfastly aligned with Morocco’s aspirations to advance renewable energy, water security, and sustainable development, the statement concluded.

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Developer Amaal has announced a strategic partnership with IOPn, a blockchain infrastructure company. The collaboration aims to bring tokenised property solutions to a wider global investor base. Amaal’s commitment to innovation aligns with Dubai’s digital vision, which seeks to enhance accessibility, liquidity, and international investor participation in the real estate market, the firm said.

Both organisations are adopting an innovation-driven approach to support the evolution of real estate investment. By leveraging blockchain technology, they aim to make property investment more accessible and efficient, while preserving exclusivity and long-term value. This partnership complements Dubai Land Department’s recent real estate tokenisation initiative, which aims to digitise 7% of property or US $16bn by 2033. As the collaboration progresses, specific projects and properties will be shared.

“At Amaal, we see innovation as essential to shaping the future of real estate, and collaborating with IOPn exemplifies our forward-looking vision,” said Abdulla Lahej, Chairman of Amaal. “Through tokenisation, we’re making it possible for more people to participate in real estate investment, supporting the UAE’s commitment to leadership in the digital economy and smart city infrastructure.”

Mojtaba Asadian, CEO of IOPn commented, “This partnership with Amaal marks a pivotal step in redefining how global investors access luxury real estate. In alignment with Dubai’s regulatory framework, we are in the process of tokenising the high-end MANSORY Residences. This initiative is not only enhancing liquidity but also setting a new benchmark for transparency, accessibility, and global participation in property ownership. At IOPn, we believe the future of real estate is on-chain, and we’re proud to build that future with visionary partners like Amaal.”

Dubai’s luxury real estate market is experiencing growth, with sales of homes priced above $10mn surging to $2.6bn between April and June 2025. To meet this surge in demand, IOPn’s blockchain infrastructure, OPN Chain, is being developed. OPN Chain aims to unlock liquidity and enhance global accessibility for traditionally illiquid assets such as luxury real estate. Through strategic partnerships with developers and regulatory authorities, the company is bridging the gap between physical and digital value by implementing compliant and scalable technology.

The tokenisation of MANSORY Residences is currently in the planning phase, and more details are anticipated to be released in the coming months. The tower is scheduled for completion in the fourth quarter of 2028.

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ALEC has said that following its extension renovation works, it has been awarded LEED Platinum certification for its headquarters in Dubai. The firm said that its MEP subsidiary, ALEMCO, has also secured LEED Gold certification for its corporate office and adjoining yard in Dubai Industrial City.

These certifications, awarded by the US Green Building Council for Commercial Interiors, reflects the company’s deep-rooted commitment to quality, sustainability and employee well-being, the firm said in its statement.

“Our priority was to enhance the overall workplace experience for our people, while embedding sustainability at every stage of the renovation. With improvements ranging from low-flow water fittings to LED lighting and advanced energy metering, we’ve not only reduced our footprint but reaffirmed our commitment to creating better buildings. These upgrades echo the same principles we bring to client projects, helping them meet and exceed their green building targets,” said Barry Lewis, CEO at ALEC.

LEED for interior design and construction (LEED ID+C) is a green building rating system focused on the design and construction of interior spaces within commercial buildings. The upgrades mark a significant milestone for ALEC, as it continues to invest in creating healthier, more efficient workspaces. By achieving the highest level of LEED certification, ALEC demonstrates both its capabilities in delivering world-class green building solutions, and its determination to hold its own operations to the highest standards, the statement highlighted.

To earn the certifications, ALEC said that it implemented a wide range of sustainability measures across both facilities. Water consumption was reduced by 55% from baseline through the use of low-flow fixtures equipped with sensors, and lighting energy was cut by 25% compared to ASHRAE 90.1-2010 standards, thanks to the installation of energy-efficient LED fixtures, occupancy sensors, and enhanced commissioning protocols. Indoor environmental quality was also enhanced through the use of low-VOC paints, adhesives, and materials, while design features maximised daylight use and improved acoustics.

Significant attention was given to responsible sourcing and material reuse. Structural materials included steel with 25% post-consumer recycled content, 100% bio-based wall boards for phone booths, and high-recycled content in insulation and ceiling components. Similar practices were adopted at ALEMCO’s facility, reinforcing the company’s circular approach to design and construction, the firm explained.

Almost 100% of workstation tables, wooden wall panels, reception desks, joinery, storage units, and various meeting room elements from ALEC HQ offices were diverted and reused at the company’s new design office in Dubai, reducing refurbishment-related waste. The firm said the achievement extends its track record in helping clients realise their own green building ambitions.

“As we continue to drive the sustainability agenda forward across the region, our own renovations stand as proof that you don’t need to choose between sustainability and design. With careful planning, extensive reuse and responsible material selection, organisations can elevate their interiors while delivering on environmental performance. We’re proud of what we’ve achieved and look forward to supporting more partners across the region in their own green building journeys,” Lewis concluded.

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Volvo Construction Equipment launched a new generation of excavators for the Middle East. Six new models – the EC210, EC220, EC230, EC260, EC300, and EC360 – combine cutting-edge technology, robust design, and industry-leading efficiency to benefit various industrial applications.

Each of these excavators integrates engine-pump optimisation technology, delivering up to 15% more fuel-efficiency compared to previous models. With enhanced production and reduced emissions, the excavators help provide greater cost savings while maintaining exceptional performance. A brand-new cab design has also been implemented to increase operator support.

“These new generation excavators can deliver premium quality and heavy-duty performance,” says Olle Watz, excavator product manager at Volvo CE Region International. “They mark another way Volvo CE is continuing to understand and adapt to the unique needs of customers and end-users by providing superior, highly productive options.”

From agriculture and roadwork to general construction, trenching, and quarrying, the six Volvo CE excavator models are designed to provide reliability and performance in a variety of applications. The excavators draw from years of design and testing, bringing intelligent machine control and a proven legacy to the Middle East.

“These machines have been developed with a focus on reliability and adaptability, ensuring they excel in varying conditions, offer best-in-class fuel efficiency, and deliver value to operators worldwide,” adds Olle.

Excavator excellence

The EC210, EC220, and EC230 excavators have the capabilities to handle heavy loads and challenging terrains with ease. The EC260, EC300, and EC360 are higher-capacity machines built for the most demanding tasks.

A newly designed ROPS-certified cab offers improved ergonomics, intuitive controls, and advanced human-machine interface (HMI) systems, providing operators with a comfortable, productive working environment, with enhanced visibility, reduced noise levels, and efficient HVAC systems.

“With the cab, it’s a totally new design with a more intuitive layout,” explains Olle. “Whilst we’ve prioritized productivity and power, it’s not to the expense of operator comfort.”

All models are compatible with Volvo Dig Assist, an optional intelligent machine control system that improves excavation precision and productivity. Operators can utilise tools such as real-time weighing, automated digging, and smart monitoring, which enhance efficiency, with Volvo Smart View producing 360° machine visibility. Additional features such as preset depth, height, and swing limits further enhance on-site safety.

All models in the series are powered by proven Volvo engines and advanced hydraulic systems, ensuring precise, smooth movements and reduced cycle times. Lower engine revolutions per minute reduce fuel consumption and carbon emissions, offering a more sustainable solution without compromising power or reliability.

“The new generation of Volvo excavators are built to meet the evolving demands of the industrial landscape,” concludes Olle. “Volvo CE is once again helping customers have the right tools for their specific needs.”

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Union Properties (Union Properties or the Company) has signed a conditional sale agreement valued at US $191mn for a significant real estate project in Motor City. This landmark milestone marks the completion of the company’s comprehensive recovery plan, which aimed to resolve all legacy debt settlements and restore long-term financial strength.

Building on the $354mn in plot sales achieved in 2024 as part of its debt restructuring strategy, this latest agreement is expected to be recognised in the company’s Q4 2025 financials. The real estate project will contribute significantly to the continued evolution of Motor City, one of Dubai’s most established and sought-after communities, said a statement.

Structured under a deferred payment framework, the agreement further reinforces Union Properties’ disciplined financial approach. The initial deposit has already been secured, ensuring strong cash flow visibility and continued balance sheet optimisation, it added.

Upon completion, the proceeds will enable the company to fully settle its legacy debt, concluding a multi-year recovery strategy. This milestone positions the company to pivot decisively toward a new phase of sustainable growth, strategic capital deployment, and long-term value creation for its shareholders.

Amer Khansaheb, CEO and Board Member of Union Properties said, “This transaction is more than a sale – it is a signal of strength. With this transition, we bring our recovery plan to a close, settle all legacy debts, and lay the foundation for a bold new chapter. This milestone reflects not only the trust and confidence of the market in our vision, but also the resilience and discipline of our team in executing one of the most successful turnaround strategies in the sector. Today, we build from a position of strength, focused on strategic development, long-term value creation, and a sustainable impact across the UAE’s Real Estate landscape.”

Union Properties remains steadfast in its commitment to delivering value-driven, market-responsive developments that enhance communities and align with Dubai’s comprehensive urban vision. As the company continues to execute its strategic objectives, this landmark transaction underscores its resilience, adaptability, and forward-thinking approach in a rapidly evolving market, the statement concluded.

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Burjuman Mall has unveiled B Hive, a lifestyle destination that combines a co-working space for professionals, freelancers, and entrepreneurs with a chill-and-play zone designed for young adults aged 14 and above. Located on Level 3, B Hive embodies the mall’s evolving vision to provide accessible, inclusive, and experience-led urban spaces for Dubai’s growing population, said a statement.

Following the launch of B Hub in 2024, which offered collaborative and learning opportunities to the community, B Hive is the latest addition to the mall’s third-floor transformation into a lifestyle-led destination. This go-to place for productivity and fun hosts collaborative workdays and serves as a creative escape, re-imagining the traditional mall environment, the statement added.

Since its opening earlier this year, B Hive has garnered an average of 6,000 visitors per month. It has quickly become a favorite among students, freelancers, and young professionals. The co-working zone spans 4,027sqft, accommodating up to 90 people.

The space offers complimentary WiFi, charging stations, and workspaces for members who register through the mall’s official website and receive a personal QR code. Adjacent to this is the chill-and-play zone, covering around 3,194sqft and accommodating up to 70 people. Here, young adults can relax, engage in games, create content, or simply unwind in a safe and welcoming environment.

B Hive’s vibrancy is further enhanced by the arrival of Bo’s Coffee, a renowned coffee kiosk known for its handcrafted brews made from beans sourced in the Philippines. Widely appreciated by coffee enthusiasts, Bo’s Coffee complements the B Hive offering by providing quality cafe experience that elevates focused work, informal meetings, and social interactions. This aligns with the mall’s vision of delivering lifestyle-driven, purpose-built spaces.

The integration of Bo’s Coffee into B Hive further solidifies BurJuman Mall’s dedication to creating spaces that cater to both practical needs and foster creativity, connection, and collaboration. B Hive stands as another significant milestone in BurJuman Mall’s mission to remain responsive to the ever-changing preferences of its diverse visitors, seamlessly integrating retail and customer interaction under one roof.

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Developer London Gate has announced the launch of three distinct residential projects in collaboration with OCTA Properties. London Gate, the launching developer, will be responsible for the three upcoming developments, while OCTA Properties has been chosen as the exclusive sales and marketing partner for all three projects.

The first development is a modern, design-led collection of studios, one- and two-bedroom apartments in Dubai South. These apartments will feature family-friendly amenities and a rooftop.

The second development is a boutique low-rise residential building in Jumeirah Village Circle (JVC). This building will offer elegant studios, one- and two-bedroom units, and access to Dubai’s key hubs.

The final development is a Franck Muller-branded residence in Dubai Maritime City. This residence will be inspired by luxury yacht living and infused with the precision and design language of the brand.

Eman Taha, CEO of London Gate said, “Our ongoing partnership with OCTA Properties continues to flourish, and this latest slate of projects, especially our continued collaboration with Franck Muller, exemplifies our shared dedication to redefining luxury living in Dubai.”

Fawaz Sous, CEO of OCTA Properties commented, “We are thrilled to be selected once again for this new wave of developments with London Gate. From our successful first collaboration on Vanguard by Franck Muller to now expanding into three diverse communities, this partnership reflects the deep trust and synergy between our teams.”

This marks London Gate’s second partnership with OCTA Properties, following the launch of Vanguard by Franck Muller. The collaboration was formalised through a signing ceremony held at the OCTA Properties Sales Centre.

The next chapter in this alliance includes another Franck Muller-branded development, this time located in Dubai Maritime City. This new waterfront will bring the signature sophistication of the Swiss watch brand to a unique setting.

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