Home Integrator
Prospect Signs Strategic Partnership with Mulk Properties and OBG for The LX
Prospect has entered into a strategic partnership with Mulk Properties. The partnership signed is to formalise the development of The LX, valued at AED 350 million, located in the heart of Arjan. The strategic collaboration also brings together One Broker Group, an award-winning, developer-focused real estate agency in Dubai, as the exclusive sales partner for the project.
This landmark agreement marks a significant step toward reshaping Dubai’s commercial property landscape, with the signing ceremony held on 7th May at MayaBay, Jumeirah Al Naseem, Dubai. In 2024, the Dubai commercial property market recorded a 24% jump in growth, with almost 3,000 office units sold, with transactions valued at AED 89.9 Billion*. This double digit YoY growth pattern is expected to continue with more and more companies registering with Dubai Chamber of Commerce and the lack of office spaces to meet this demand.

Dubai’s commercial real estate market is experiencing dynamic growth across all sectors. The city’s strategic location, business-friendly policies, and infrastructure developments continue to attract global investors and companies, positioning Dubai as a leading commercial hub in the region. According to the UAE Commercial Construction Industry Report of 2025, the sector was valued at AED 156 billion in 2024 and is projected to reach AED 207 billion by 2030, reflecting robust growth with a compound annual growth rate (CAGR) of 4.7%**
“At Prospect, we are proud to partner with Mulk Properties — the real estate development arm of the global conglomerate Mulk International, known for their innovation, scale, and leadership across businesses across 4 continents,” said Rohit Verma, Co-founder of Prospect. “Our vision aligns deeply with our partners and together we want to create purpose-built, high-performance workspaces that cater to the next generation of business owners. Arjan is one of the most exciting emerging districts in Dubai today, with a steady pipeline of residential and hospitality developments. We will now bring a unique aspect to the real estate landscape of Arjan with our commercial development catered to a huge market gap for offices and retail spaces. Its central location near major highways, established communities, and key business zones makes it an ideal destination for a future-forward commercial asset. We believe The LX will become a signature address for modern businesses in Dubai and we look forward to this journey with Mulk Properties.”
“It is indeed our pleasure to partner with Prospect as we continue to expand our unique real estate portfolio. After Zim Cyber City, our state-of-the-art mixed-use development in Harare, Zimbabwe and the sprawling Ajman Sports Complex spread across 1 million square feet, we are excited to explore the Dubai commercial real estate market, which is growing exponentially,” said Nawab Shaji Ul Mulk, Chairman of Mulk International. “With Prospect’s strategic involvement, we are confident that our upcoming project The LX will become a destination of choice for forward-thinking entrepreneurs, retailers, and investors looking for both prestige and practicality.”
Umar Bin Farooq, Founder & CEO of One Broker Group (OBG), added: “We are proud to lead the sales on this landmark project. The LX represents the future of commercial developments, where design meets function, and where businesses can thrive. Arjan’s growth trajectory and connectivity also make this a project of incredible promise. At OBG, we’ve successfully transacted over AED 7 billion in residential sales. We believe this sector is primed for strong demand—especially in underserved locations like Arjan. Businesses are looking for elevated, flexible office environments, and The LX delivers exactly that. With its premium finishes, retail integration, and F&B offerings, it will offer a complete ecosystem for both investors and end users.”
Designed to meet the evolving demands of modern businesses, The LX will feature 71 boutique office and spacious retail units. With generous balconies, refined finishes, and a dedicated F&B hub, the project balances clean, modern design with practical commercial functionality. The development is currently in the off-plan stage, with a targeted handover in Q1 2027. With seamless access to Sheikh Zayed Road, The LX enjoys unparalleled connectivity and visibility, making it an ideal business address in a rapidly expanding community.
The project also aligns with Prospect’s long-term strategy of investing in future-ready, design-led developments with high growth potential across Dubai. This partnership further cements Mulk Properties’ commitment to diversifying its real estate portfolio in the UAE, while reinforcing Prospect’s growing reputation for identifying and enabling landmark investments in emerging neighborhoods.
Home Integrator
SYMBOLIC DEVELOPMENTS CONCLUDES A BREAKTHROUGH 2025, BUILDING ON A LEGACY OF CONSISTENT GROWTH IN DUBAI’S REAL ESTATE MARKET
Symbolic Developments, the real estate division of Speedex Group, has closed 2025 as its most transformative year yet, driven by rapid delivery, solid investor performance, and an expanding community footprint. Building on growing demand, Symbolic Developments doubled its launches in 2025 through two strategically located projects: Symbolic Zen Residences in Al Furjan and Symbolic Altus in Liwan.
The year opened with a landmark achievement, the handover of Symbolic Alpha in just 14 months, setting a new benchmark in the accessible luxury residential segment for speed, efficiency, and quality. This early success became the catalyst for accelerated demand, particularly in Liwan.
The launch of Symbolic Altus marked a meaningful “return to Liwan”; this decision was shaped by growing homeowner satisfaction and exceptional rental and resale performance at Symbolic Alpha. The strengthened market confidence also spurred community interest in a second project within the same neighbourhood.
“2025 was the year we demonstrated that prioritizing our residents creates positive ripple effects throughout the entire ecosystem,” said Mr. Mustafa Moiz, Managing Director of Symbolic Developments. “When a Symbolic Alpha homeowner earns a 9% rental yield or secures a resale offer 33% above their entry price, it confirms we are building what people actually want. Similarly, buyers in our Symbolic Aura project in Al Furjan have seen impressive value appreciation of around 20-25% even while the development is still under construction. With the strong response to Symbolic Altus behind us, we enter 2026 committed to a practical goal: ensuring every square foot we develop delivers real wealth and quality of life.”
Beyond the numbers, 2025 reinforced Symbolic’s development philosophy, creating homes centered on people and their lifestyles. Residents across the portfolio continue to praise the developer’s thoughtful layouts, sustainable green features, practical amenities, and welcoming low-density environments. These lifestyle-driven qualities remain at the heart of every Symbolic community.
Ending the year with strong finances and a network of reliable partners, Symbolic Developments embraces 2026 with a focused vision, to build communities that feel like home and create value that endures for investors.
Home Integrator
FAKHRUDDIN PROPERTIES AND HOLCIM UAE SIGN STRATEGIC MOU TO ACCELERATE SUSTAINABLE CONSTRUCTION IN LINE WITH COP30 GLOBAL GOALS
Fakhruddin Properties, one of the UAE’s leading sustainability-oriented developers, and Holcim UAE, the leading partner for sustainable construction, have signed a Memorandum of Understanding (MoU) to jointly advance sustainable construction across the region.
The new partnership marks a significant regional milestone for Holcim as its first MoU signed with a Middle East-headquartered developer. It underscores the company’s commitment to expanding its geographical reach and championing sustainable building solutions that support the UAE’s net-zero ambitions.
Commenting on the announcement, Yousuf Fakhruddin, CEO and Managing Director, Fakhruddin Properties, said, “This MoU supports the UAE’s national sustainability agenda and aligns with the 2015 Paris Agreement, reinforcing the UAE’s long-held commitment to achieving net-zero CO₂ emissions by 2050. We will work closely with Holcim UAE to reduce both embodied and operational carbon, promote circular economy principles, and scale practical sustainability solutions with full transparency.
“For example, low-carbon materials supplied by Holcim and other manufacturers will be a staple across our future projects. This partnership demonstrates that effective decarbonization requires joint efforts across developers, sustainable solution providers, as well as government and industry stakeholders, combining innovation with measurable climate action.”
Ali Said, CEO, Holcim UAE added, “Sustainability is not just a goal, it is a shared responsibility that requires collaboration, transparency, and innovation. Through this partnership, we will embed low-carbon, circular, and resilient practices across the built environment. By ensuring traceability of materials along the entire value chain and integrating sustainable design and construction solutions, we will create communities that support wellbeing, respect the environment and nature, and set new benchmarks for sustainable development, starting with the UAE.”
By leveraging Holcim UAE’s expertise in low-carbon and circular building solutions through its NextGen Growth 2030 strategy, which includes a focus on the scaling up of sustainable construction, and Fakhruddin Properties’ sustainable development vision, the collaboration aims to deliver future-ready communities that balance environmental responsibility with social value.
A multi award-winning sustainable pioneer in the UAE’s real estate space, Fakhruddin Properties’ pioneered the country’s first in-building waste management system, diverting 90 per cent of waste from landfills; and is committed to delivering a wellness-optimized lifestyle across its growing portfolio through the implementation of smart home and air purification technology and other ground-breaking energy-efficient initiatives designed to address the global issue of rising energy consumption.
Home Integrator
LUXURY HOMES DESIGNED FOR COMFORT AND CONNECTIVITY
Interview with Abdulrahman Abdulla Alhelo Alsuwaidi, Co-founder & Chairman, Nabni Developments.
As Co-founder and Chairman, how do you balance strategic vision with day-to-day operational decisions for multiple high-profile projects?
At Nabni, our vision is rooted in a family legacy of long-term thinking, trust, and building with purpose. My role is to safeguard that vision, along with my brother Badr, ensuring every project reflects our values, quality standards and commitment to enduring value. We rely on a strong and experienced leadership team to manage execution, but stay closely involved in strategic decisions that impact the Nabni brand and long-term positioning. As the third generation of our family joins the business, we continue to pass on our values while welcoming fresh, more youthful and often innovative, perspectives that challenge the status quo. This approach allows us to scale responsibly, remain agile in Dubai’s dynamic market and deliver developments that stand the test of time.
What inspired your focus on luxury, design-led residences with a local yet international aesthetic?
Being an Emirati family business with a legacy dating back to 1953, we aspire to always portray our heritage – but in a refined and contemporary content. We balance international style with considered Middle Eastern design elements, addressing an audience of educated buyers who are looking for the best that modern-day living has to offer in our city. At the heart of everything we do is the desire to create something extraordinary, led by our passion, imagination and commitment to detail. For us, quality sets up apart and comes above all else, whether that is in our Nabni Avenue-branded series of developments or the Waldorf Astoria Residences Dubai Business Bay, the crown of our portfolio.
How do you define success – not just for the company, but for yourself personally?
For me, success is never measured by numbers alone. It’s about creating lasting value – for our customers, our partners, and our city. At Nabni, every decision we make is guided by an uncompromising commitment to quality. If a home we deliver can stand the test of time, enrich lives, and reflect the trust people place in our name, then we have succeeded. I take pride in knowing that what we build today will serve generations tomorrow. Success, to me, is leaving behind a legacy of excellence – where every detail speaks of integrity, craftsmanship, and purpose.

With 65% of Nabni Avenue 7 units already sold, what does this say about the brand’s market reputation?
My father instilled in us the importance of never compromising on quality, and this principle continues to define our approach today as I’ve already mentioned. The Nabni name has become synonymous with quality over the years – from our landmark commercial projects such as Business Avenue and building the world’s largest Lamborghini Showroom on Sheikh Zayed Road, and in more recent years, diversification into residential. Our projects work towards positioning Dubai as a destination for the world’s most discerning buyers, benchmarking against the highest international standards. We create products that we would be proud to own and personally live in. Quality is our true passion and a differentiator; we build for the generations of the future.
What role does European and international sourcing play in defining Nabni’s luxury identity?
It is extremely important to our business model, because we pride ourselves on offering top level fixtures and fittings across all our developments. For example, marble is sourced from Italy and appliances from Germany, ensuring the highest standards of craftsmanship as well as durability. We work exclusively with premium materials that not only reflect global excellence in design but are thoughtfully chosen to keep up with the challenging UAE climate. Saying this, our philosophy is based on a deep understanding of local standards, expectations, and context – allowing us to create homes that feel refined and entirely aligned with the essence of our city.
How does the brand maintain appeal for both investors and end-users looking for lifestyle-driven residences?
Throughout our residential portfolio, we combine strong investment fundamentals with lifestyle-focused design and lifestyle. In the series of Nabni Avenue Residences in Al Furjan for example, we tick many boxes: prime location, high-end build quality and curated amenities mean it becomes an attractive investment with strong rental and resale potential, while also offering residents a sense of community and a modern, comfortable living environment.

Similarly, Waldorf Astoria Residences Dubai Business Bay reflects our commitment to premium lifestyle living, with world-class design by famed architect Carlos Ott, interiors by design masters HBA, unrivalled amenities and bespoke services. This branded residence model, especially with such a storied name as the Waldorf Astoria, ensures end-users an elevated urban experience and provides investors with a high-demand, globally recognized asset. Every Nabni development is designed to provide long-term value.
How does Nabni integrate modern smart-home technology without compromising design aesthetics?
At Nabni, we view technology as an enabler – a way to enhance comfort, security, and efficiency for our residents without compromising the elegance of our spaces. In developments like Nabni Avenue 7 and Waldorf Astoria Residences Dubai Business Bay, smart-home features are seamlessly integrated into the design, ensuring they complement rather than dominate the aesthetic. From intuitive lighting and climate control systems to advanced security and home automation, every solution is chosen for its ability to blend discreetly with our interiors. Our goal is to provide residents with convenience and connectivity that feels effortless, while maintaining the refined and timeless design language that defines our homes.
-
Tech News1 year agoDenodo Bolsters Executive Team by Hiring Christophe Culine as its Chief Revenue Officer
-
VAR8 months agoMicrosoft Launches New Surface Copilot+ PCs for Business
-
Tech Interviews2 years agoNavigating the Cybersecurity Landscape in Hybrid Work Environments
-
Tech News5 months agoNothing Launches flagship Nothing Phone (3) and Headphone (1) in theme with the Iconic Museum of the Future in Dubai
-
Tech News2 years agoBrighton College Abu Dhabi and Brighton College Al Ain Donate 954 IT Devices in Support of ‘Donate Your Own Device’ Campaign
-
VAR1 year agoSamsung Galaxy Z Fold6 vs Google Pixel 9 Pro Fold: Clash Of The Folding Phenoms
-
Editorial1 year agoCelebrating UAE National Day: A Legacy of Leadership and Technological Innovation
-
Cover Story10 months agoUnifonic Leading the Future of AI-Driven Customer Engagement


