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Corinthia and Kuwaiti Action Real Estate Company acquire prime location properties in Beverly Hills

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Corinthia Hotel

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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BNW Developments Sets New Benchmarks: 97 Taj Wellington Mews Residences Reserved Within Hours of Launch

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Taj BNW

Indian Hotels Company (IHCL) debuted Taj Wellington Mews on the picturesque Al Marjan Island, Ras Al-Khaimah in partnership with BNW Developments. The property witnessed 97 of its units reserved within the first 24 hours of its launch, making it among the UAE’s fastest-selling luxury projects to date.

The grand unveiling night at the World Trade Center, Dubai, was a celebration of heritage, design, and disruption. Hosted by Kris Fade, star of Dubai Bling, celebrated media personality, and beloved RJ, the evening was brimming with energy, entertainment, and meaningful moments. With insights into the project shared in an atmosphere of refined elegance, the event was elevated by a special performance from celebrated comedian Kenny Sebastian. The gathering also welcomed top industry experts from the UAE real estate landscape and over 60 elite broker agencies, further underscoring the significance of the occasion. The highlight of the evening was the ceremonial reveal by Mr. Ankur Aggarwal, Chairman and Founder of BNW Developments, and Dr. Vivek Anand Oberoi, Managing Director and Co-founder, lifting the drapes on a visionary partnership between Taj and BNW.

“This collaboration with Taj is the architectural articulation of BNW’s long-term vision. We are not in the business of building structures but in the pursuit of crafting legacies. Taj Wellington Mews stands as the first of many milestones that will redefine how luxury is experienced, owned, and remembered in the UAE. Partnering with a name as storied as Taj allows us to merge generational heritage with contemporary precision an alliance rooted in purpose, not just prestige,” shared Mr. Ankur Aggarwal, Chairman and Founder of BNW Developments.

Dr. Oberoi echoed, “Ras Al Khaimah is rapidly emerging as the nucleus of forward-thinking luxury and global investment appeal. With Taj Wellington Mews, we are curating an experience that embodies the very essence of timeless hospitality. This partnership with Taj allows us to infuse BNW’s design-forward philosophy with a legacy of Indian warmth and global distinction. As co-founders, our commitment is clear: to pioneer developments that are not only architecturally striking but also culturally resonant, emotionally enriching, and globally relevant.”

Within the first 24 hours of its launch, Taj Wellington Mews recorded an unprecedented 97 unit reservations, a feat not only for BNW Developments, but one that now stands among the UAE’s fastest-selling luxury projects to date. This momentum underscores the project’s significance as the first of many milestone ventures led by BNW Developments.

The development comprises a total of 342 ultra-luxury units, including 185 studio apartments, 117 one-bedroom apartments, 26 two-bedroom apartments, 8 three-bedroom apartments, and 6 retail units.

A vision carved in steel, stone, and legacy, Taj Wellington Mews encapsulates an unconventional design philosophy. The project features two interconnected towers elegantly curved over a circular podium, creating a skyline-defining silhouette on Al Marjan Island. Distinctive balconies, curated landscaping, and a harmonious blend of structure and subtlety embody Taj’s ethos of thoughtful luxury and BNW’s penchant for cutting-edge design.

A collective vision for refined living, set along the picturesque shoreline, Taj Wellington Mews forms part of a growing collection of ultra-luxury residences by the bay, a shared vision between two pioneers committed to redefining lifestyle experiences in the UAE.

A thriving investment hotspot, Ras Al Khaimah has rapidly emerged as one of the fastest-growing regions in the UAE. With global names like Wynn Resorts making their debut on Al Marjan Island, the area has seen a significant rise in demand, with projected rental yields reaching upwards of 8-14%, making it a lucrative choice for discerning investors.

As BNW Developments continues to push boundaries in luxury real estate, this historic collaboration with IHCL’s Taj marks the beginning of a transformative era, where curated lifestyles, heritage values, and architectural finesse converge. Taj Wellington Mews is not just a residence; it is a living testament to what happens when legacy meets innovation, and when a launch becomes a legacy in itself.

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Save Big at Al-Futtaim IKEA with Up to 75% off

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IKEA

Al-Futtaim IKEA is making home-makeovers more accessible and affordable with discounts ranging from 25% to 75% off a wide selection of products, available at all Al-Futtaim IKEA stores across the UAE, starting from April 24.

From bedroom essentials to stylish living furniture, kitchenware, bathroom décor, and more, now is the perfect time to revamp your home at unbeatable prices. Whether you’re furnishing a new space or simply looking to refresh your current one, Al-Futtaim IKEA’s sale period provides the ideal opportunity to save on quality, functional, and stylish pieces.

Don’t miss out! Visit your nearest Al-Futtaim IKEA store in the UAE, or shop online

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Richmind Brings Craig David to Dubai to Celebrate Launch of its Inaugural Project Designed by Zaha Hadid Architects

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richmind

Richmind is set to host an exclusive, invite-only concert featuring Craig David, the global music icon in Dubai.

The special event will showcase Richmind’s highly anticipated inaugural project, masterfully designed by the world-renowned Zaha Hadid Architects at Al Marjan Island in Ras Al Khaimah.

The evening is expected to become more than a concert — it will be a curated celebration of Richmind’s passion for timeless architecture, global artistry, and cultural expression. The organization has a deep appreciation for art in every form and strongly propagates the value of patronage

Seamlessly blending innovation, design, and lifestyle, Richmind continues to position itself as a creative force at the crossroads of multiple disciplines.

“Our upcoming project isn’t just a structure – it’s a living, breathing statement of art and intent,” said Mohammad Rafiee, CEO of Richmind. “Bringing Craig David to Dubai for this occasion reflects our appreciation for global music and our ongoing support for local culture and the arts. We believe architecture should inspire and engage with its surroundings and its people — and this event embodies that belief.”

In the pursuit to support the local music community, Richmind is giving the opportunity to up-and-coming artists across the UAE, including singers, DJs, rappers, and musicians to participate in a competition for a chance to get selected as the opening act for Craig David’s Dubai performance. Enthusiasts have to submit a 60-second demo and share your story for a chance to not only win a performance slot on stage, warming up for Craig David at the launch event but also one-on-one mentoring  experience with Craig David, professional studio time to develop their music and a whopping AED 30,000 cash prize to support their creative journey.

Craig David will perform to an exclusive audience at Richmind’s official project launch on 25th April at the CocoCola Arena from 5pm.

Set against the stunning backdrop of Al Marjan Island in Ras Al Khaimah, Richmind’s debut development is poised to become an architectural landmark. In collaboration with Zaha Hadid Architects — globally revered for their fluid, futuristic, and expressive designs — the project promises to elevate ultra-luxury living in the UAE.

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