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
Deyaar unveils Downtown Residences in Dubai, one of the world’s tallest vertical residential communities

Deyaar Development PJSC has announced the launch of Downtown Residences, a game-changing architectural icon in the heart of Dubai. Downtown Residences, with its twin towers, represents a pioneering vision of luxury living and is set to become one of the UAE’s tallest vertical residential communities.
Downtown Residences reinforces the company’s vision of luxury living by presenting an innovative concept of vertical living. This includes a diverse range of residences, from premium apartments to duplexes, penthouses, and an exclusive Royal Palace.
Strategically located within the golden triangle of Sheikh Zayed Road, Downtown Dubai, and Business Bay, Downtown residences offer breathtaking views of downtown Dubai and the iconic Burj Khalifa, complemented by stunning vistas of the Arabian Gulf and the renowned Sheikh Zayed Road. Ideally situated adjacent to the Business Bay metro station, these residences provide an exceptional blend of luxury and convenience. This launch follows the success of Deyaar’s previous developments in Business Bay, highlighting how it has shaped Dubai’s vibrant urban skyline.
With 522 meticulously designed residences, the project includes a mix of one to three-bedroom apartments, duplexes, penthouses, and an exclusive Royal Palace at the tower’s summit.
Saeed Mohammed Al Qatami, CEO of Deyaar Development, said: “We are proud to announce Downtown Residences, Deyaar’s most ambitious project to date, situated in one of Dubai’s most prestigious locations. This luxury high-rise is designed to transform urban living, offering residents an elevated experience that combines comfort, style, and modern amenities. Each floor has been carefully crafted to enhance the quality of life, creating spaces that foster connection and inspiration.
He added: “Our vision for Downtown Residences goes beyond mere construction; it is a commitment to excellence and innovation in real estate. We are confident that this landmark project will not only set a new standard for luxury living but also create exciting investment opportunities. Investors can trust that Downtown Residences will be a vital part of Dubai’s ongoing growth and development, aligning with the aspirations of the city and its vibrant community.”
Architecture inspired by aspiration
“Downtown Residences reimagines urban living by drawing inspiration from Maslow’s Hierarchy of Needs, transforming traditional residential design into a structured journey of luxury, community, and self-actualization. This transformative concept evolves traditional residential design into a structured journey of luxury, community, wellbeing, and self-actualization,” said Patrick Bernard Rouse, Chief Development Officer at Deyaar Development.
From Dynamic Avenue with wellness and social hubs, to Sky Pinnacle 360, a space that represents the pinnacle of self-actualized living, each vertical segment offers a curated lifestyle. Residents can explore immersive amenities tailored to every dimension of elite urban living.
Dynamic Avenue features playrooms, multi-function lounges, kids’ creative havens, and curated social retreats.
A Sensory Oasis midway through the tower, has floating gardens, air yoga zones, AI meditation pods, invisible spa, and luxury fitness spaces. Some 100 stories up is the Summit Society: featuring dining concepts, exclusive lounges, a grand screening room, and Legacy Lounge.
Downtown Residences will also have a residents Club with AI-powered workspaces, private executive pods, and networking hubs for business leaders.
The vertical haven
The architectural marvel features a dramatic central slit and five vertical zones that ascend from the Urban Oasis at podium level to the ultra-luxurious Sky Mansion. The integrated landscape design blurs the lines between nature and built space, offering serene moments within the high-energy bustle of the city.
The design ensures residents are not just surrounded by luxury but also deeply connected to it. Sophisticated outdoor facilities, vertical gardens, and communal realms such as The Collective and Serenity Haven promote a harmonious balance between wellness, work, and play.
With 23 years of trusted legacy, Downtown Residences offers discerning buyers and investors a rare opportunity to invest in and own units in this ambitious development, built by one of the UAE’s most respected developers.
Deyaar’s new luxurious project highlights the company’s commitment to advancing the UAE’s real estate sector. As the UAE continues to establish itself as a key player in the global real estate market, Deyaar provides exceptional properties that enhance the urban experience. With this project, Deyaar not only reinforces its role in shaping the future of urban living but also offers a remarkable opportunity for those looking for a premium place to call home.
Home Integrator
Crate&Barrel and CB2 Open Side by Side Flagship Stores in Abu Dhabi

Crate&Barrel and CB2 is now open in Marina Mall, Abu Dhabi, marking the debut for both brands in the capital and the UAE’s first side-by-side location. Spanning over 2,200 square meters, the new destination brings global design to the heart of Abu Dhabi, offering a curated collection of indoor and outdoor furniture, tableware, kitchenware, décor, rugs, accessories, and bed and bath essentials.
Crate&Barrel introduces its signature blend of timeless style and modern design to the new store, featuring exclusive collaborations with leading names in interior design, including Jake Arnold, Leanne Ford, Athena Calderone, Jeremiah Brent, and Brigette Romanek. Shoppers can also unwind at the in-store café, Susan’s Baking Co., which provides a relaxing spot to enjoy refreshments as they explore.

Next door, CB2 delivers a bold and contemporary design experience. The store highlights authentic reissues from iconic designers like Gianfranco Frattini and Paul McCobb, alongside exclusive seasonal collections by CB2’s global design team like Ross Cassidy, Lawson-Fenning, and Kara Mann. From velvet sofas to sculptural lighting and natural stone finishes, CB2 offers distinctive statement pieces for every style.
To further enhance the shopping experience, Abu Dhabi based customers will have access to complimentary in-house interior design services through The Design Desk at Crate&Barrel and CB2. The bespoke service provides expert advice, space planning and 3D room visualizations, helping customers to find inspiration for product pairings, color palettes and design ideas with ease.
Both brands also offer a seamless online shopping experience, along with convenient features such as fast delivery, at-home assembly, and Buy Now, Pay Later options, ensuring a convenient and flexible customer experience.
Home Integrator
Dubai Land Department achieves world-first with instant sell-out of tokenized real estate

The second tokenized project on the ‘PRYPCO Mint’ platform was sold out in a record-breaking one minute and 58 seconds.
In a landmark move that reinforces Dubai’s leadership in the real estate sector, Dubai Land Department announced that its second tokenized project on the ‘PRYPCO Mint’ platform was fully funded in a record-breaking one minute and 58 seconds, attracting 149 investors from 35 nationalities.
This unprecedented demand pushed the waiting list to over 10,700 investors, reflecting rising confidence and strong interest in digital real estate ownership solutions across the emirate.
This ongoing success underscores the effectiveness of the platform, which is officially accredited under Dubai Land Department’s Property Tokenization Initiative. By enabling investors to purchase shares in ready properties through seamless and cost-effective mechanisms, PRYPCO Mint is setting new standards for market accessibility.
As the platform expands its projects and partnerships, it is helping to shape a future where tokenized assets are expected to become a central part of Dubai’s property market by 2033.
Amid this momentum, Dubai Land Department invites interested individuals to register early and set up their accounts to take advantage of upcoming offerings before they sell out, unlocking investment opportunities in one of the world’s most dynamic and innovative real estate destinations.
-
Tech News11 months ago
Denodo Bolsters Executive Team by Hiring Christophe Culine as its Chief Revenue Officer
-
Tech Interviews1 year ago
Navigating the Cybersecurity Landscape in Hybrid Work Environments
-
Tech News1 year ago
Brighton College Abu Dhabi and Brighton College Al Ain Donate 954 IT Devices in Support of ‘Donate Your Own Device’ Campaign
-
Tech Features1 year ago
The Middle East to Lead with Next-generation Mission Critical Communication Advancement
-
VAR10 months ago
Samsung Galaxy Z Fold6 vs Google Pixel 9 Pro Fold: Clash Of The Folding Phenoms
-
VAR2 months ago
Microsoft Launches New Surface Copilot+ PCs for Business
-
Features1 year ago
Security in the Cloud Age: Combating Risks with Hybrid Cloud Solutions
-
Automotive1 year ago
Al-Futtaim Automotive Builds On 23-Year Legacy of Trust & Leadership in UAE’s Pre-Owned Car Market to Sell Over 25,000 Used Vehicles in 2023