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INSIDE RAK’S NEXT PROPERTY WAVE
Exclusive Interview with Philip Yousef, Chief Sales Officer, Major Developments.
What is driving property buying and selling in the region?
The Ras Al Khaimah market is being driven by a perfect convergence of fundamentals, tourism growth, infrastructure readiness, and yield resilience. In just the first half of 2025, RAK welcomed over 654,000 visitor arrivals, marking a 6% year-on-year surge, with tourism revenues climbing 9%, according to the RAKTDA.
On the capital markets side, residential values have surged 18% year-on-year as per CBRE, with average apartment prices now reaching AED 1,947 per sq ft. Al Marjan Island has been a standout performer, recording an astonishing 71% annual increase in sales prices. Off-plan activity is also exceptionally strong, with 1,760 units sold in H1 2025 alone and Q2 sales reaching AED 3.6 billion, up from AED 2.5 billion in Q1. These aren’t speculative surges; they reflect the depth and maturity of the market, particularly as RAK Central nears full activation as the emirate’s business and commercial hub.
From my lens, what’s fuelling this activity is not just sentiment, it’s structure. Fitch Ratings continues to affirm RAK at A+ with a Stable outlook, while projecting UAE GDP to grow 5.1% in 2025 and RAK-specific GDP to average 6.1% over 2025-26. For us at Major Developments, this stability is the foundation upon which projects like Manta Bay on Al Marjan and Colibri Views in RAK Central are thriving, they’re built at the intersection of high-velocity tourism and long-term economic activity.
What changes are you seeing in buyer preferences – for example, are people prioritizing location, size, or lifestyle amenities differently than before?
Buyer behaviour in RAK has evolved significantly in the past 18 months. Location remains paramount, but the definition of a “prime” location has bifurcated. On one end are leisure-focused buyers who are driving demand on Al Marjan Island, where the +71% price surge underlines the premium for branded, beachfront, short-let-ready homes. On the other end, we see growing demand for urban convenience in RAK Central, where mixed-use infrastructure, offices, and parks are creating a modern business core. Colibri Views is a direct response to this shift, designed to serve the growing executive and corporate workforce that prefers to live at the centre of activity while staying minutes from the leisure coast.
We’ve also noticed that buyers are increasingly seeking fully furnished, turnkey residences. They want to activate their investment from day one, without the friction of setup and fit-outs. That’s why all our homes at Manta Bay and Colibri Views come fully furnished with integrated European interiors and modular layouts.
Most critically, amenities are no longer seen as decorative, they are decisive. This is where innovation is reshaping buyer expectations. At Manta Bay, we’re delivering the world’s first Sky Beach, a fully functional sandy beach suspended several feet above the shoreline, designed as a year-round leisure space. At Colibri Views, we’ve built the world’s first and only Rooftop Footbot experience in collaboration with international football legend Patrice Evra, combining AI-driven wellness with sport and community engagement. These are not vanity add-ons. They’re lifestyle infrastructure, and increasingly, buyers benchmark projects on the depth and uniqueness of their amenity ecosystem.
We’ve also seen a shift from sheer size to specification quality. Today’s buyers prefer slightly more compact homes if it means better views, better design, and better services. This is exactly why our planning philosophy prioritises layout efficiency and convertible spaces over excess square footage.
To what extent are digital platforms, proptech solutions, and virtual property tours influencing how buyers and sellers engage in the market today?
Digital walkthrough solutions and VR-based tools are redefining how potential buyers experience real estate, taking project understanding to an entirely new level. We see a diverse mix of preferences among our clients, some continue to value traditional purchase journeys, while others find greater clarity and satisfaction when engaging through the latest tech solutions.
We remain committed to exploring emerging proptech trends and integrating the most effective innovations to deliver an informed, seamless, and future-ready experience to our clients.
Are you noticing a shift in the profile of investors entering the market – for example, more overseas buyers, first-time homeowners, or institutional investors?
Absolutely. The profile has diversified significantly. European interest is at an all-time high, with the RAKTDA recording the strongest tourism growth from Central and Eastern Europe, Romania up 65% and Poland up 56% in the first half of this year. That correlates directly with what we’re seeing on the ground: more first-time European buyers entering the market, often purchasing for hybrid use – personal holidays and short-let income.
We’re also seeing more first-time regional buyers, particularly younger GCC and expat professionals, entering through fully furnished, ready-to-rent stock. And notably, institutional investors and regional developers are circling RAK, with CBRE data confirming a surge of interest in acquiring or partnering on new branded residential projects on Al Marjan.
Our two projects reflect these buyer personas clearly: Manta Bay caters to yield-driven investors seeking high-visibility leisure stock near the Wynn Resort, while Colibri Views attracts business-adjacent residents and investors who value RAK Central’s emerging ecosystem of offices, retail, and parks. Together, they capture the two strongest growth corridors in the emirate.
Looking ahead, what trends will drive property transactions over the next 12–18 months?
There are four clear forces set to shape the next cycle of property transactions in Ras Al Khaimah. The most immediate catalyst is the Wynn Resort on Al Marjan Island, which is on track to open in early 2027. Each construction milestone has continued to re-rate the value of surrounding real estate, anchoring Al Marjan as the epicentre of leisure-driven investment.
At the same time, RAK Central is transitioning from concept to reality; its land plots are fully sold out, infrastructure is now complete, and commercial tenants are beginning to activate the district. This momentum positions Colibri Views to serve as the residential benchmark of RAK Central, capturing demand from both regional executives and international investors seeking a foothold in the emirate’s emerging business hub.
The tourism base is also compounding at record levels. In H1 2025, visitor arrivals reached 654,000 (+6% year-on-year) and revenues rose 9%, while ancillary segments like MICE and weddings grew +36%. This sustained inflow will directly fuel demand for short-stay-ready residences, especially those with resort-led appeal like Manta Bay.
And underpinning it all is a highly supportive macroeconomic climate. Ras Al Khaimah continues to hold an A+ (Stable) rating from Fitch, and the UAE is forecast to achieve 5.1% GDP growth this year, creating a favourable environment for capital inflows and real estate liquidity.
Looking ahead, I see the market being shaped by distinctive, experience-led projects in catalytic locations. At Major Developments, we’ve already partnered with global football icons like Francesco Totti and Patrice Evra, whose involvement has reinforced buyer confidence and amplified our international visibility. Building on this success, we intend to forge more such high-profile partnerships while also expanding our portfolio into the Beach District, further strengthening our footprint across Ras Al Khaimah’s most future-ready corridors.
Home Feature
Why Digital Experience Is Becoming Real Estate’s New Quality Benchmark
By Mr. Francis Alfred, Managing Director of Sobha Realty
For decades, quality in real estate was judged by what buyers could see and touch: prime locations, architecture, premium materials and craftsmanship. These fundamentals remain essential, but they are no longer enough on their own. Today, quality is also defined by the digital experience that surrounds the home, from the first enquiry to handover and long after residents move in.
Customers now compare real estate with the standards set by banking, aviation and retail, where convenience, transparency and personalisation are expected. Buying a home is one of the most important financial and emotional decisions a person can make, so the digital journey must do more than simplify transactions. It must build trust.
At Sobha Realty, we view digital experience as a core part of long-term value creation. A strong digital ecosystem gives customers greater visibility, faster access to information and more confidence throughout the purchase journey. Through the ONE Sobha App, customers can access real-time project updates, track construction progress, manage documentation, digitally sign agreements and complete transactions securely. The platform also uses artificial intelligence (AI) and optical character recognition to reduce manual intervention, improve accuracy and speed up communication.
This transparency is changing the developer–customer relationship. What was once a differentiator is quickly becoming an expectation. Buyers want to understand how their property is progressing, receive timely responses and manage key interactions without friction. The more visible and connected the process becomes, the stronger the confidence.
Digital experience also extends into the home itself. The ONE Sobha App integrates with multiple home automation systems, allowing residents to manage lighting, air conditioning, curtains and elevator access through a unified interface. Increasingly, customers expect digital convenience to continue beyond the sales journey and become part of everyday living. A home is no longer only intelligently designed; it must also be intuitively connected.
However, a high-quality digital experience is not created through one app alone. Customers move between mobile platforms, contact centres, social media channels and physical service centres. Each interaction must feel connected, contextual and consistent. This is why omnichannel engagement has become increasingly important in real estate. By integrating communication channels and using AI, analytics and sentiment analysis, developers can better understand customer expectations, respond proactively and personalise service. At Sobha Realty, our AI-enabled unified contact centre supports this approach by improving continuity across every engagement channel.
The impact of digital transformation also reaches far beyond customer-facing platforms. PropTech is reshaping the full real estate lifecycle, from design and construction to operations, community management and long-term asset performance. AI, predictive analytics, automation and intelligent infrastructure are helping developers improve coordination, optimise resources, reduce delays and deliver more consistent outcomes.
These are not only operational improvements. They directly affect customer confidence. When digital tools improve construction visibility, delivery reliability and long-term building performance, they strengthen the promise behind the property. In an industry historically challenged by fragmentation, this level of integration is increasingly valuable.
Digital experience is also measurable. Every customer interaction generates insight. Metrics such as Customer Satisfaction Scores and Net Promoter Scores allow developers to understand sentiment in real time and refine products, services and processes accordingly. At Sobha Realty, this discipline is reflected in a Customer Satisfaction Score of 88 per cent year-to-date across all channels. This creates a more responsive model, where customer feedback informs continuous improvement rather than being addressed only after handover.
At the community level, smart home technologies, digitally enabled infrastructure and connected platforms are transforming how residents interact with their homes and neighbourhoods. Energy optimisation systems, predictive maintenance and integrated community services are becoming part of the new quality equation, ensuring that developments continue to evolve after completion.
This shift is especially relevant in the UAE, where rapid urbanisation, economic diversification and a digitally native population are accelerating the adoption of advanced PropTech solutions. In this environment, digital experience has moved from a competitive advantage to a baseline expectation.
For developers, the implications are clear. Future success will depend on the ability to combine physical excellence with digital capability. Investment must go beyond architecture and construction into data intelligence, connected ecosystems and continuous innovation.
The definition of quality in real estate is expanding. It is no longer limited to what is built, but includes how developments are delivered, experienced and managed over time. At Sobha Realty, we believe the future will belong to developers who can combine craftsmanship with connectivity, and design excellence with digital intelligence.
Home Feature
Global Design Perspectives 2026: What Really Matters in Tomorrow’s Spaces
By Farah Addada, Head of Workplace & Design UAE, Project & Development Services
Real estate is evolving at an unprecedented pace, and planning spaces today requires designing for a future that remains fundamentally unpredictable. JLL’s latest Global Design Perspectives report, built on conversations with corporate real estate leaders and surveys of over 12,000 employees across more than 30 markets, reveals a critical insight: leading organizations are not attempting to predict the future. Instead, they are building spaces with inherent adaptability.
Building for an Uncertain Future
The era of planning office relocations or retail redesigns years in advance has ended. Hybrid work continues to evolve, artificial intelligence is reshaping entire job categories, and solutions effective last quarter may prove obsolete by next. Consequently, 88% of organizations now identify business agility as a critical priority, rising to 90% for retail portfolios.
While flexible furniture and short-term leases represent an initial response, forward-thinking organizations are pursuing more comprehensive strategies. They are investing in modular partition systems, plug-and-play infrastructure, and spatial configurations capable of transformation across multiple timeframes: three months, three years, or thirty years. The focus has shifted from moveable elements to fundamentally reimaginable environments.
The investment case is compelling: 93% of investors recognize that technology-enabled properties deliver stronger performance and returns. Most organizations across all sectors now willingly pay premium rates for technology-ready spaces. However, technology requirements are evolving as rapidly as other workplace dynamics, making flexible technology infrastructure a fundamental requirement rather than an enhancement.
Progressive organizations are transforming their headquarters into experimentation hubs. They test new configurations, gather feedback, and apply insights across their entire portfolio. This iterative approach proves more effective than committing to a single design vision that may become outdated rapidly.
The Value of Human Connection in a Digital Age
As artificial intelligence transforms work processes, a countertrend is emerging: people increasingly seek genuine human connection and spaces that feel authentic, tactile, and grounding.
The research reveals a compelling narrative. While 65% of people desire unique experiences and 62% seek connection to local culture, a more significant finding emerges: when selecting destinations, 58% prioritize fostering community and belonging compared to 54% who prioritize technology integration. As our environment becomes increasingly digital, authentic human connection has gained substantial value.
This explains why 61% of consumers globally desire digital detox spaces in the places they visit. A new spatial typology is emerging: no-technology or low-technology zones deliberately integrated within otherwise technology-rich buildings. For workforces increasingly experiencing burnout, these spaces represent essential infrastructure rather than amenities.
Design science is advancing as well. Neuro-design principles employ specific materials, acoustic treatments, and biophilic elements to enhance cognitive function. Sophisticated acoustic panels serve dual purposes, supporting both aesthetic objectives and environmental comfort while improving concentration. Circadian lighting systems adjust throughout the day, aligning with natural biological rhythms. Plants, natural patterns, and thoughtful material selections create environments with measurable benefits for stress reduction and cognitive performance.
The most successful spaces will balance advanced technology with profoundly human experiences, creating environments where innovation and wellbeing coexist productively.
Personalization Across Generational Divides
Personalization has become ubiquitous across digital services, from streaming recommendations to customized shopping experiences. People now expect similar personalization from physical spaces. However, a significant challenge exists: different generations hold dramatically different expectations.
Among those aged 25-34, 71% believe AI integration in entertainment venues will enhance their experience significantly. Among those over 64, only 26% share this perspective. Younger demographics seek technology-enhanced experiences, while older generations prefer welcoming atmospheres and hospitality-inspired design over advanced digital features.
The solution involves designing experience journeys with embedded choice rather than creating demographically segregated spaces. Throughout an individual’s day, offering touchpoints where they can select technology enhancements, upgrade their experience, or access curated activities enables personalization without imposing a uniform vision.
Retail environments are demonstrating this approach effectively. Stores are creating dedicated spaces for in-person events and personalized shopping experiences, balancing digital innovation with memorable physical interactions. Workplaces employ sensors to understand team behaviors while providing employees with AI-powered applications to customize daily preferences. The emphasis is on providing options rather than mandates.
Measuring Outcomes Beyond Activities
A notable contradiction merits attention: 92% of corporations prioritize workforce productivity, and 63% of employees report greater productivity in office environments. Yet a significant disconnect exists between stated priorities and workplace satisfaction.
When employees describe their ideal workplace, “being able to recharge” and “working in an inspiring, creative environment” rank highest. However, satisfaction with these aspects in current workplaces remains substantially lower. Conversely, elements like “being productive” and “attending scheduled meetings,” which rank lower in ideal importance, score highest for current satisfaction. The industry is optimizing for activities rather than outcomes.
The most successful spaces in 2026 will extend beyond providing desks and meeting rooms. They will function as connected systems supporting holistic outcomes: innovation capacity, social capital, team performance, and wellbeing. Organizations are increasingly recognizing the importance of “in-between spaces”—areas that are not traditional work zones but where essential interactions and knowledge-sharing occur.
This approach requires evolved success metrics. Utilization rates and occupancy percentages fail to capture team performance or whether individuals feel inspired. Leading organizations are developing metrics that measure genuine business drivers: collaboration quality, innovation output, and employee experience.
Strategic Implications for Real Estate Leadership
These four perspectives represent interconnected shifts in how the industry conceptualizes space, value, and human experience. Whether planning corporate offices, designing retail environments, or managing mixed-use portfolios, the strategic imperative is clear: flexibility, human connection, personalization, and holistic outcomes have evolved from competitive differentiators to fundamental requirements.
The critical question facing real estate leaders is not whether spaces will require adaptation—they will. The question is whether organizational design strategies possess sufficient sophistication to transform continuous change into sustained competitive advantage. Organizations embracing these perspectives today will create environments that do not merely respond to change but derive strength from it.
Home Integrator
John Abraham Joins ARMAF as Global Brand Ambassador for Club De Nuit Intense Overdose

ARMAF, the global fragrance powerhouse behind one of the world’s most celebrated fragrance collections, proudly announces acclaimed actor, producer and entrepreneur John Abraham as the Global Brand Ambassador for Club De Nuit Intense Overdose. The partnership will make its worldwide debut through a cinematic television commercial (TVC), introducing the boldest chapter yet in the iconic Club De Nuit legacy.
Inspired by the belief that the most unforgettable fragrances are never simply worn they become obsessions, Club De Nuit Intense Overdose comes to life through a high-octane cinematic heist. Blurring the boundaries between film and fragrance, the campaign is built around mystery, precision and presence, with John Abraham embodying the quiet confidence and unwavering resolve at the heart of the Overdose universe. More than a campaign, it is the beginning of a global story that will unfold across continents, inviting audiences into a world where the extraordinary is always worth the chase.
Where Two Legacies Become One
Some partnerships launch products.
Others define an era. The collaboration between ARMAF and John Abraham brings together two global legacies that have earned admiration through consistency, authenticity and enduring impact. Over the years, ARMAF has transformed the global fragrance landscape, creating some of the world’s most loved fragrances and building an international presence across more than 140 countries. At the heart of this success is the Club De Nuit collection, a franchise that has become a global icon, celebrated for its craftsmanship, exceptional performance and timeless appeal.
John Abraham’s journey reflects the same relentless pursuit of excellence. Across an illustrious career spanning cinema, entrepreneurship and sport, he has become one of India’s most respected personalities, admired for his discipline, authenticity and unmistakable presence. His influence extends far beyond the screen, inspiring millions through a life defined by conviction rather than convention.
Together, ARMAF and John Abraham are united by a shared philosophy: true icons are never created overnight. They are built through purpose, consistency and an uncompromising commitment to excellence. More than a brand ambassador announcement, this partnership signals the beginning of a defining new chapter for Club De Nuit Intense Overdose, where two enduring legacies come together to create a global campaign designed to leave a lasting impression.
John Abraham, Global Brand Ambassador for Club De Nuit Intense Overdose, said: “I’ve always believed that the strongest impression isn’t the one you force, it’s the one you leave behind. That’s what drew me to Club De Nuit Intense Overdose. It has character, confidence and a quiet intensity that stays with you. Partnering with ARMAF felt like a natural fit because we both believe that true impact comes from authenticity. I’m excited for the world to experience this journey with us.”
At the heart of the campaign is ARMAF’s Sigma philosophy, a mindset of quiet confidence, individuality and self-assurance that naturally aligns with John Abraham’s persona. It also reflects the enduring spirit of the Club De Nuit legacy, a collection that has earned worldwide recognition through exceptional performance, timeless character and unwavering consumer loyalty.
Club De Nuit Intense Overdose builds upon that legacy with a richer, more intense interpretation of the iconic fragrance. Vibrant notes of pineapple, bergamot and tangerine evolve into oakmoss, vanilla flower and plum before settling into an unforgettable base of patchouli, amber and tonka bean, creating a fragrance that commands attention long after the first encounter.
The Timeless Heist Goes Global
The launch of Club De Nuit Intense Overdose extends far beyond a traditional campaign. Following its global debut, ARMAF will roll out The Timeless Heist across key cities in Europe, the United States, Latin America, the GCC and Southeast Asia, transforming the launch into one of the brand’s most ambitious global experiences to date.
Inspired by the idea that the world’s most coveted things are worth chasing, The Timeless Heist is a cinematic brand universe where obsession becomes the story. Across every market, media, creators, distributors, partners and fragrance enthusiasts will be invited into an immersive world of mystery, pursuit and discovery through spectacular launch events, experiential activations and unforgettable brand moments that blur the boundaries between entertainment and fragrance.
Every city becomes another chapter of the heist.
Every experience another clue. Every encounter another reminder that Club De Nuit Intense Overdose is more than a fragrance; it is a global obsession.
As ARMAF continues to redefine accessible luxury through innovation, craftsmanship and bold creativity, the appointment of John Abraham as Global Brand Ambassador marks one of the most significant milestones in the brand’s international journey. Together, they introduce more than a new fragrance, they unveil a global movement that celebrates the meeting of two enduring legacies and sets a new benchmark for fragrance storytelling, cultural relevance and modern perfumery.
Club De Nuit Intense Overdose. Hard To Get Over.
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