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BNW Developments Signs Billion-Dirham Alliance with Masah, Middle East’s Tier‑1 Contracting Company, for Ultra-Luxury Project, Aqua Arc
In a strategic move that reflects precision, pedigree, and performance, BNW Developments has officially signed MAN Construction (a subsidiary of the Masah Group) as the principal construction partner for Aqua Arc, its iconic waterfront project set to redefine ultra‑luxury living in Ras Al Khaimah. Aqua Arc marks the beginning of what promises to be a long‑term collaboration between the two powerhouse firms, with more landmark projects already in the pipeline.
This collaboration brings together two industry titans: BNW, the region’s fastest‑growing private developer with a bold AED 22+ billion portfolio, and MAN Construction/Masah, a Class A contracting giant renowned across the GCC for its turnkey capabilities. The signing ceremony witnessed the presence of distinguished leadership from both sides, underscoring the strategic weight of the alliance. Representing Masah and its subsidiaries were Mr. Mohammed Nayeem (Chairman, Masah Holdings & MAN Constructions, Dubai), Sheikh Mohammed Bin Sulaiman Alhabib (Vice Chairman, Masah Construction & Alpha Metals), Mr. Althaf Kazi (CEO & Managing Partner, MAN Specialized Contracting, UAE), Mr. Mirza Naseem Beg (CEO & Managing Partner, Alpha Metals, Saudi Arabia & UAE), and Mr. Mohammed Misbah (Advisor to the Chairman). From the BNW Developments side, Mr. Ankur Aggarwal (Chairman & Founder) and Mr. Vivek Anand Oberoi (Managing Director & Co-founder) were present, each playing a pivotal role in bringing this illustrious partnership to fruition.
Founded on values of technical integrity and delivery at scale, Masah has delivered some of the GCC’s most ambitious constructions, from Ajdan Rise to major healthcare assets like Sulaiman Al Habib Hospitals and Almoosa Specialist Hospitals. Their excellence extends to award-winning marine and aviation infrastructure, including the Red Sea Global Terminal at the Red Sea International Airport.
At the heart of this powerhouse lies Dr. Sulaiman Al Habib, one of the most influential figures in the region’s healthcare and infrastructure ecosystem. His vision, discipline, and expansive legacy have set unmatched standards for quality across industries. His son, Sheikh Mohammed Bin Sulaiman Alhabib, continues to carry that mantle forward, playing a key role in bridging prominent international partnerships.
The group’s Chairman, Mohammed Abdul Nayeem, was recently named among the top 25 in Construction Week Middle East’s Power 150 list, with MAN Construction being recognised as a Tier 1 Contracting Company. His leadership has consistently aligned innovation with impact, earning the group accolades across healthcare, hospitality, residential, and aviation sectors.
“Partnering with BNW Developments for Aqua Arc is a proud milestone for Masah. We see this as a symbol of a shared vision to create landmark communities that reflect global standards and regional character. Aqua Arc, with its distinct architecture and scale, is exactly the kind of challenge Masah was built for.” – Mohammed Abdul Nayeem, Chairman of Masah holdings and MAN constructions.
Aqua Arc, nestled on the pristine coast of Al Marjan Island, is among BNW’s most anticipated ventures, an architectural ode to elegance, functionality, and sea-facing serenity. With MAN onboard, the execution enters a new realm of confidence and capability.
“At BNW, we’ve always believed that design vision means little without executional brilliance. The appointment of Masah is a critical step in our mission to deliver not just residences, but reference points in global luxury living. Masah’s track record in constructing technically demanding projects, their commitment to timelines, and their engineering depth made them a natural fit. Aqua Arc is a signature BNW development, it demands nothing short of mastery, and with Masah, we’re confident that’s exactly what we’ll achieve,” shared Mr. Ankur Aggarwal, Chairman & Founder, BNW Developments
“Masah isn’t just a contractor, they’re craftsmen of scale. What sets them apart is their consistency in delivering landmark projects that marry innovation with precision. Aqua Arc is an example of BNW’s unwavering intent to reshape Ras Al Khaimah’s skyline with substance and soul. For us, every partnership is about shared values. Masah’s professionalism, structural command, and transparent process align seamlessly with our own ethos of trust, ambition, and long-term value creation,” added Mr. Vivek Anand Oberoi, Managing Director & Co-Founder, BNW Developments
As the largest private developer in Ras Al Khaimah, BNW continues to lead with intent, scale, and an investor-first focus. The collaboration with a group of Masah’s calibre, reinforced by the institutional credibility of the Dr. Sulaiman Al Habib legacy, marks a significant inflection point in BNW’s regional trajectory. Beyond the immediate commencement of Aqua Arc, this partnership strengthens BNW’s operational depth, governance alignment, and cross-border reliability, key enablers for sustainable expansion into new markets. Mr. Vivek Anand Oberoi, Managing Director and Co-founder of BNW Developments, also hinted at the brand’s imminent expansion into Saudi Arabia in 2026, marking the next frontier in its regional growth story.
With the goodwill and strategic capital this alliance brings, BNW is well-positioned to establish a meaningful footprint in one of the most competitive real estate landscapes in the Middle East.
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WHY DEVELOPERS SHOULD ADOPT AN INVESTOR MINDSET IN EVOLVING REAL ESTATE MARKET

By Eng. Amer Khansaheb, Chief Executive Officer and Board Member of Union Properties PJSC
In today’s buoyant UAE Real Estate landscape, conventional metrics like unit sales volumes are becoming obsolete. Instead, genuine success increasingly lies in value measured through long-term rental income, growth, asset quality, and capital appreciation. Developers who adopt an investor-led mindset, prioritising yield, durability, and premium standards, are effectively shaping the future of the sector in the UAE.
From Selling Today to Earning Tomorrow
To achieve this shift, developers must transcend the traditional focus on one-time sales. Developers must embrace business models that generate sustainable rental income, ensuring a predictable stream of cash flow even during market fluctuations. Future-focused project planning must integrate rental viability, anchoring developments in steady long-term returns rather than immediate, speculative gains. This investor-first approach positions developers for long-term growth.
Rental Market Momentum: Major Growth Engine
The UAE’s residential leases market is projected to reach USD 27.98 billion in 2025 and USD 33.10 billion by 2029 at a compound annual growth rate (CAGR) of 4.3 per cent. Developers who prioritise rental-ready, high-quality units will be best placed to capture this expanding market, appealing both to residents seeking premium housing and to investors seeking reliable returns. This demonstrates the enormous potential that rental-centric development strategies hold.
Supply Growth and Still Solid Returns
Despite expectations of 180,000 new residential units by 2026, rental yields remain strong at 7.4 per cent. This reveals persistent demand, indicating prime opportunities for value-added investments. Developers can capitalise this by offering thoughtfully designed projects with integrated amenities and sustainability features on strategic locations, elements that elevate rental income and investor appeal.
Attracting Global Capital through Investment-First Mindset
The UAE’s progressive policies such as long-term visas, free zones for Real Estate, and investor-friendly reforms, continue to magnetise international and institutional capital. By adopting an investor-first mindset, developers can meet this evolving demand by offering investment-grade opportunities and high-quality, income-generating assets that appeal to discerning global investors.
Differentiating Through Quality
To differentiate in this present market increasingly defined by long-term value rather than rapid turnover, excellence in design, exceptional finishes and long-term value are keys. Developers who invest in durability, sustainability, and strategic positioning, beyond sheer scale, will attract tenant loyalty and investor confidence. This differentiation fosters both brand equity and financial resilience.
Aligning with Future: Investor Mindset as Strategy
As the UAE Real Estate landscape evolves, we can safely state that those developers that think like investors will certainly emerge as leaders. By aligning projects with long-term income generation, adhering to global investment standards, and offering quality-driven, sustainable developments, they lay the groundwork for enduring success.
This dynamic Real Estate environment is not merely a passing trend but a blueprint for sustainable, value-based growth in the UAE market. Developers who embrace this investor-led vision, integrating rental yield, design excellence, and global standards, will not only thrive but also redefine the future of the sector.
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OMNIYAT LUMENA ALTA Celebrates 20 Years of Design Excellence


Dubai’s tallest commercial tower honors’ two decades of architectural innovation
OMNIYAT, Dubai’s visionary ultra-luxury developer, has officially launched LUMENA ALTA, a 380-metre landmark redefining the city’s skyline. Upon completion in 2030, it will become Business Bay’s tallest commercial tower.
The launch also celebrates OMNIYAT’s 20th anniversary, symbolizing two decades of design, craftsmanship, and creativity. Moreover, with a Gross Development Value above AED 5 billion, LUMENA ALTA continues the success of LUMENA and ENARA, reaffirming OMNIYAT’s position as a leader in luxury real estate.
A Vision Elevated
From its name, LUMENA ALTA captures light and ambition. “Lumena,” derived from the Latin lumen, evokes brilliance and creativity, while “Alta,” meaning elevated, conveys height and aspiration. Together, they express OMNIYAT’s guiding principle – The Art of Elevation.
Furthermore, the tower’s spiraling glass façade reflects sunlight by day and glows softly by night. Its fluid design embodies motion and progress, mirroring Dubai’s rise as a global capital of innovation.
Workspaces That Inspire
Designed for global visionaries, LUMENA ALTA blends performance, wellbeing, and prestige in one vertical destination. Triple-height sky lobbies, panoramic terraces, and bright atria bring openness and balance to every floor. In addition, landscaped sky gardens and private terraces connect work with nature, creating calm within energy.
Strategically located on Sheikh Zayed Road, the tower provides direct access to Downtown Dubai, DIFC, and the future Dubai Metro Gold Line. Together with its twin, LUMENA, it forms a luminous gateway to Business Bay – a landmark of connectivity, commerce, and culture.
A World Above Expectation
Crowning the structure, a five-star lifestyle hotel merges hospitality with architectural artistry. Its Sky Pool, suspended 335 metres above the city, will be the world’s highest infinity pool.
At the summit, the Sky Restaurant will deliver panoramic 360° views of Dubai’s skyline and coastline. Each evening will blend gastronomy, design, and spectacle – a sensory experience above the clouds.
Moreover, wellbeing defines the tower’s rhythm. Private fitness suites, hydrotherapy zones, vitality pools, and spa sanctuaries offer renewal throughout the day. A 25-metre indoor lap pool completes a lifestyle that balances achievement and serenity.
Service Beyond Space
As with all OMNIYAT masterpieces, LUMENA ALTA offers service that matches its design. A dedicated concierge team manages reception, meetings, and lifestyle coordination. Furthermore, residents and guests can access tailored experiences – from wellness scheduling and luxury travel to event planning and personal shopping.
Drawing inspiration from The Opus, One at Palm Jumeirah, and The Lana, OMNIYAT turns architecture into living art, ensuring every interaction feels seamless and refined.
Smart, Sustainable and Future-Ready
LUMENA ALTA is engineered to achieve LEED Platinum, Platinum WELL, Platinum WiredScore, and SmartScore Certifications. These standards emphasise sustainability, technology, and human wellbeing. Consequently, the tower establishes a new benchmark for intelligent, future-focused commercial spaces.
A Legacy of Ambition and Artistry
Reflecting on the milestone, Mahdi Amjad, Founder and Executive Chairman of OMNIYAT, said:
“Dubai attracts global enterprises that value excellence and creativity. As demand for premium space grows, OMNIYAT will keep reshaping the skyline with bold, intelligent designs that inspire progress.”
Over the past two decades, OMNIYAT has evolved from a developer into a curator of architectural art. With LUMENA ALTA, the company begins a new chapter – one where art, architecture, and ambition converge to define Dubai’s next horizon.
check this out Sobha Realty Sells 50% Downtown UAQ Within First Week
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Downtown UAQ | Sobha Realty Sells Over 50% of Launch Inventory Within First Week

Sobha Realty has announced strong initial sales at its flagship Downtown UAQ | Sobha Realty master development, reinforcing rising investor confidence in Umm Al Quwain as the UAE’s next coastal growth hub.
Within just one week of its launch, the developer confirmed that over 50% of units in the first three residential towers were sold, setting a new benchmark for sales velocity in the northern emirates.
The 25-million-square-foot master development, located along Umm Al Quwain’s natural waterfront, is envisioned as the Coastal Skyline of the Future. The project integrates premium residences, commercial hubs, hospitality offerings, and lifestyle amenities to create an exceptional living experience. It is designed to balance modern living with environmental stewardship, with more than half of the total land area dedicated to open and green spaces.
The master plan spans 11 kilometers of pristine waterfront and includes over 7 kilometers of uninterrupted natural beach, two marinas, landscaped boulevards, and future-ready mobility solutions such as water taxis. It will also feature the UAQ Trade Centre, premium office space, and leisure attractions to strengthen its position as a mixed-use destination.
The first residential cluster, Sobha Aquamont, was unveiled earlier this year and comprises three towers of one-, two-, and three-bedroom waterfront apartments. The towers are designed to maximize natural light and coastal views, in line with Sobha Realty’s emphasis on luxury, craftsmanship, and sustainability.
“Umm Al Quwain is emerging as a highly attractive destination for residents and investors seeking world-class coastal living in a natural environment,” said Francis Alfred, Managing Director of Sobha Realty. “The strong sales response at Downtown UAQ reflects both the confidence in Sobha Realty’s vision and the growing appeal of Umm Al Quwain as a market poised for long-term growth.”
Adding to Sobha Realty’s expanding UAE portfolio of luxury communities, Downtown UAQ | Sobha Realty reinforces the company’s reputation for engineering excellence and sustainable urban design. It also highlights the growing momentum of mixed-use coastal projects in the UAE, which are attracting increasing interest from both domestic buyers and international investors.
By setting a new sales benchmark in its opening week, Downtown UAQ | Sobha Realty has established itself as one of the region’s most ambitious and promising waterfront destinations.
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