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Innovate Living Secures Prime Waterfront Plots on Dubai Islands for AED 1.4bn Ultra-Luxury Development Expansion

Innovate Living has secured a collection of prime waterfront plots on Dubai Islands in a landmark acquisition, laying the foundation for a long-term AED 1.4 billion (USD 400 million) development pipeline. This strategic move underscores the company’s commitment to shaping Dubai’s residential landscape and being at the forefront of the city’s next-generation ultra-luxury developments.
As Dubai continues to evolve as a global destination, it is attracting investors and high-net-worth individuals, fueling demand for exclusive, boutique waterfront properties that reflect effortless sophistication and innovation. Dubai Islands is a one-of-a-kind destination where world-class golf meets island serenity, setting a new benchmark for ultra-luxury living. Spanning 17 square kilometres across five islands, this meticulously planned enclave offers over 20 kilometres of pristine beaches, lush parks and premium golf courses overlooking the Arabian Gulf. Located right across from Downtown Dubai, it combines beachfront tranquillity with elite sporting luxury for an exceptional lifestyle. Its proximity to key destinations like J1 Beach and Jumeirah Bay Island further enhances its investment appeal. By securing these plots at an early stage, Innovate Living is not only capitalising on the rising value of waterfront real estate but also spearheading bespoke, design-led residential experiences.
Kareem Fahmy, Founder and CEO of Innovate Living, emphasised the strategic vision behind this acquisition, highlighting: “Dubai Islands is an extraordinary opportunity for us to bring ultra-luxury waterfront living to life in a way that reflects our core values of being intentional, curated and design-led in everything we do. This destination offers the rare combination of both beachside serenity and world-class golf courses, making it an exceptional setting for our developments. We have been particularly impressed by the extensive infrastructure efforts, especially the work being done by the master developer and RTA to enhance connectivity, including bridges that will provide direct access to the heart of the city. Our goal is to create beautiful homes that prioritise residents’ wellbeing and convenience while ensuring long-term value. This acquisition is the next step forward in our journey to elevate residential excellence, delivering unparalleled exclusivity and sophistication.”
Dubai’s real estate transactions reached a record-breaking AED 522.5 billion in 2024, marking a 36.5% increase from the previous year. The ultra-luxury segment experienced significant appreciation, with prime residential capital values rising by 6.8% in 2024 and projections indicating growth up to 9.9% in 2025. Dubai Islands, aligning with the Dubai 2040 Urban Master Plan, is poised for substantial land value appreciation, making it an attractive investment for high-net-worth buyers seeking exclusivity and long-term returns.
As a Dubai-based developer, Innovate Living plays a key role in the city’s fast expanding luxury real estate market. With a legacy of delivering bespoke ultra-luxury developments, the developer has set a new benchmark in opulence with architectural masterpieces on Palm Jumeirah, including the N Collection Villas, G-Frond Villa ‘Allegra’—and Palme Couture, an exclusive beachfront residential project that epitomizes contemporary elegance and design in Dubai. Investors have seen substantial capital appreciation, reinforcing Innovate Living’s ability to deliver not just high-end living, but also high-value investments. The acquisition of prime plots on Dubai Islands is an extension of this vision, solidifying the developer’s position as a leader in curating extraordinary residential experiences that cater to the city’s most elite clientele.
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MERED Sponsors Aspiring Architects in Pininfarina Academy’s Inaugural Summer School

MERED is supporting the inaugural Pininfarina Academy, an educational initiative by Pininfarina, a global icon of Italian design. The academy is dedicated to fostering excellence in architectural design among emerging industry professionals, providing them with the opportunity to learn from world-renowned experts and explore cutting-edge design concepts at the company’s headquarters in Turin, Italy. As part of this initiative, MERED will sponsor four students to attend the Pininfarina Architecture Summer School.
The exclusive 3 X 3 X 3 Summer School launches this July with a course integrating advanced design techniques and Design for Manufacture and Assembly (DfMA) in contemporary architecture. The program is tailored to equip young architects with the skills and expertise to redefine modern architecture and urban development. Participants will engage in hands-on workshops, keynote lectures by industry leaders, and practical applications of state-of-the-art technology, including AI-driven design, parametric modelling, and immersive VR/AR tools.
By sponsoring four students, MERED reinforces its mission to redefine premium developments through visionary design and strategic partnerships by nurturing next-generation talent. With a portfolio that includes the ultra-luxury 290-meter ICONIC Residences in Dubai Design by Pininfarina, an upcoming waterfront project in Abu Dhabi and having entered the Saudi Arabian market, MERED is shaping the future of high-end real estate. The developer is dedicated to having an expert team that can push the boundaries of design excellence in the global real estate landscape.
The Pininfarina Architecture Summer School will be held from July 14 to 25, 2025, and instruction will be conducted in English. Applications are open to a select 12 aspiring architects, offering them a unique learning experience, the chance to connect with like-minded peers, and the opportunity to collaborate with industry leaders.
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R.Evolution’s Eywa Elevates Dubai’s Skyline with a Visionary Approach to Wellbeing and Community Living

An exciting new way of living is on the horizon as R.Evolution nears the final realisation of Eywa. This exciting project, set to be completed in Q2 of 2026, will be a benchmark in reimagined modern living. An acronym for Energy, Youthfulness, Wellbeing, and Ancient knowledge, this opulent and health-focused residential masterpiece marks a new standard in holistic urban living and has been designed to elevate the lifestyles of all its residents. Located in Dubai’s prime Business Bay area, Eywa is not just a property; it’s a sanctuary that expertly combines luxury, sustainability, and community.
Eywa, where opulence goes beyond aesthetics, will encourage both personal growth and overall wellness. Its organic design, resembling a sprawling banyan tree, seamlessly blends natural elements with architectural brilliance. The use of exotic materials and cascading waterfalls on nearly every terrace evokes a sense of an oasis within Dubai’s bustling metropolis, redefining luxury as an experience that connects residents to both nature and themselves.
Inspired by Vastu Shastra and Ancient Wisdom
Throughout its construction, R.Evolution has integrated the ancient principles of Vastu Shastra seamlessly into Eywa’s design. Vastu is based on ancient texts that describe the principles of design, including layout, measurements, and ground preparation. In addition to this, it also aligns with the space arrangement, and spatial geometry, with cutting-edge technology to create a harmonious living environment that promotes mental, physical, and spiritual wellbeing.
Eywa’s architecture balances energy flows and aligns with the natural elements, leading to positivity and good health. The development’s unique Crystal Pyramid, which has been embedded into the structure itself and is at the heart of the building, features 3,355 crystals and semi-precious stones and weighs over 16 tonnes. This unique addition cleanses the energy of the space, enhances focus, and supports cell regeneration, thereby turning it into a haven for longevity and mindfulness.
Unparalleled Features and Facilities
Eywa offers 50 two- to five- bedroom exclusive residences and two penthouses, ranging from 3,064 to 16,256 sq. ft., each meticulously designed with wellness at its core. Achieving the WELL Platinum Certificate, which measures attributes of buildings that impact occupant health by looking at seven factors, or Core Concepts: Air, Water, Nourishment, Light, Fitness, Comfort, Mind, the building leads in design and technology.
Each unit boasts the world’s most advanced water and air filtration systems, ensuring the highest standards of health and comfort. Every apartment is also designed to be soundproof, and features cascading waterfalls and private plunge pools, delivering complete privacy and serenity. Additional amenities, exclusive for residents’ use, include 24-hour Residential Concierge and Health & Longevity Concierge teams, plus a valet service, security, health and wellness specialists, kids’ play area, vegetable gardens, and an in-house chef – a service included in the service charge, with only ingredient costs incurred by residents.
Sustainability at Its Heart
Eywa proudly holds the LEED Platinum Certification, the highest distinction in sustainable building design and construction. This achievement signifies that the development meets the most rigorous standards for energy efficiency, water conservation, and environmental responsibility. By reducing carbon emissions, optimising resource use, and creating a healthier indoor environment, Eywa exemplifies how luxury and sustainability can coexist seamlessly, setting a new benchmark for eco-conscious living.
Further to this, the building’s façade, made of glazed terracotta ceramic, is self-cleaning and eliminates the need for detergents or chemicals while recycled water is utilised to nourish the greenery surrounding the property.
Prime Location in Business Bay
Nestled along the Dubai Water Canal, where it expands into a magnificent lagoon, Eywa offers the most breathtaking views of Downtown Dubai and the iconic Burj Khalifa. Its proximity to The Dubai Mall, Burj Khalifa, and Dubai International Airport ensures convenience while maintaining a tranquil atmosphere. Whether it’s a short drive to the Opera District or a leisurely stroll along the promenade, Eywa provides residents with the best of urban and waterfront living. Designed with the belief that homes should tell a story, Eywa’s architecture goes beyond aesthetics and functionality, embodying an essential part of the city’s image, one that will leave a lasting mark on Dubai’s history for decades to come.
“Eywa is the embodiment of our vision to create spaces that are more than just homes – they are transformative experiences. By blending ancient wisdom, state-of-the-art technologies, and sustainable practices, Eywa represents the next generation of real estate, where luxury meets wellbeing, and innovation meets harmony,” said Alex Zagrebelny, the Founder and CEO at R.Evolution.
R.Evolution has been redefining the way people view real estate for over 25 years. Boasting an extensive portfolio spanning residential, office, hotel, and infrastructural properties across cities like Dubai, Berlin, Riga, and Barcelona, R.Evolution’s projects are characterised by their revolutionary vision and intellectual development, which includes a blend of timeless wisdom and modern technology. This approach creates architectural masterpieces that prioritise sustainability, wellbeing, and community.
With Eywa, R.Evolution has set a precedent in luxury real estate by offering a space that nurtures the body, mind, and soul. More than just a building, Eywa is a symbol of the future of urban living – one where sustainability and wellbeing are at the heart of every design decision.
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Corinthia and Kuwaiti Action Real Estate Company acquire prime location properties in Beverly Hills

Corinthia Group, trading as IHI plc, announces that its recently formed partnership with Action Real Estate Company of Kuwait has acquired two boutique hotel properties totalling 100 keys in a prime location in Beverly Hills, California.
The acquisition of the neighbouring Maison and Mosaic Hotels by the Action Corinthia joint venture, in which IHI plc owns a minority stake, is part of a broader strategy for the Beverly Hills market.
Simon Naudi, Corinthia Group CEO, said: “This is an important step forward for Corinthia. Beverly Hills is one of the world’s foremost hospitality destinations and we are determined to add value and create luxury products and services to the benefit of the local community and our Corinthia brand’s global positioning.”
Action Real Estate Company Chairman Sheikh Mubarak A. M. Al Sabah said: “We are thrilled to announce our entry into the prestigious Beverly Hills market, marking a significant milestone in our strategic partnership with Corinthia. As a company with a strong track record in global real estate and hospitality investments, this transaction represents an exciting new chapter for us. With decades of experience in markets around the world, including Europe, the Middle East, and Asia Pacific, we are now expanding into the United States, which remains a key market for future growth and innovation.”
The hotels will be operated in the immediate term by a specialist Los Angeles operator Palisociety under current branding arrangements, under the supervision of Corinthia’s development arm Corinthia Real Estate Ventures (C-REV) and its Managing Partners Marcus Pisani and Alex Chazkel. C-REV will also handle asset management and explore opportunities for future value creation.
Corinthia Group operates globally and includes investment, development and operating arms, principally focused on high end real estate projects and operations.
The Group announced last December that it had entered into a partnership with Kuwaiti-based conglomerate Action Real Estate Company to explore investment opportunities for luxury hotels and real estate at prime locations in the Americas and beyond.
More recently, Corinthia marked its entrance into North America as a hotel operator with the opening of The Surrey, A Corinthia Hotel in New York, which has been transformed into a signature property – featuring 100 guestrooms and suites and 14 private residences – bringing a new design and luxury experience to one of the most coveted addresses on the Upper East Side of Manhattan.
In other developments, the Group also recently completed the redevelopment of Brussels’ historic Grand Hotel Astoria following an extensive €150 million rebuild and restoration of the landmark property, and, last week, announced plans to operate a landmark 102-storey hotel and residential project under development in the heart of Dubai.
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