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INSIDE RAK’S NEXT PROPERTY WAVE

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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.

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MILANO BY DANUBE UNVEILS NEW DEIRA SHOWROOM, FORECASTING STRONG GROWTH IN DUBAI’S EXPORT AND RESELLER MARKET

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Milano by Danube has announced the launch of its new B2B showroom in Deira, further strengthening its presence in one of the UAE’s most dynamic commercial districts. Marking the brand’s fourth showroom in Deira, the expansion reinforces Milano’s commitment to serving the region’s thriving export, wholesale and retail markets while positioning the company to capitalize on the anticipated recovery in global trade activity.

Recognised as the heart of Dubai’s traditional trading ecosystem, Deira has long been a preferred sourcing destination for buyers from across the CIS region, East and West Africa, the Middle East, India, Pakistan, Bangladesh, Sri Lanka, Afghanistan, Mauritius, Fiji and several other international markets. As one of the world’s leading port and free trade hubs, Dubai continues to attract wholesalers, exporters, traders and project buyers seeking reliable sourcing partners, with Deira remaining at the centre of this activity.

Recent geopolitical developments led to a temporary moderation in trading activity across key hubs such as Deira; however, market indicators now point towards a steady return of demand, renewed buyer movement, and strengthening business confidence. The launch of Milano by Danube’s new B2B showroom comes at this pivotal juncture, reflecting the brand’s confidence in Deira’s resilience and Dubai’s continued position as a global trading gateway.

Milano has consistently adopted a long-term growth approach, continuing to invest even during periods of market uncertainty. The company recently expanded its retail footprint with the launch of its Maleha showroom in Sharjah and has now further strengthened its presence in Deira by securing a prime location that supports its long-term vision for export-led growth. Beyond expanding its own footprint, this launch is expected to boost confidence among traders in the Deira market and encourage more businesses to expand and invest in the area.

Speaking on the occasion, Anis Sajan, Vice Chairman of Danube Group, said, “Deira is not just a market for us; it is where my journey began. This is where I learned the fundamentals of trade: trust, relationships, hard work, and speed. In many ways, this journey feels deeply personal. I started Milano from Deira, and coming back to launch yet another showroom here feels truly surreal. I believe the export market is poised for significant growth over the next six months, and this is the right time to strengthen our presence, invest strategically, and prepare for the opportunities ahead.” 

Sahil Sajan, Director at Milano, added, “The new showroom has been designed as a one-stop sourcing destination for wholesalers, exporters and retail customers. Our diverse product portfolio across sanitaryware, hardware, electricals, chandeliers and tiles allows customers to source multiple categories under one roof. Combined with our strong inventory, competitive pricing and efficient supply chain, we are able to offer greater convenience and flexibility to our customers while strengthening Milano’s position as a preferred sourcing partner for businesses across global markets.” 

Milano’s integrated supply chain further differentiates the brand within the market. With warehousing facilities in Jebel Ali, the company maintains substantial inventory while also enabling customers to source mixed product categories.

Sahil Sajan further added, “Despite geopolitical tensions and rising freight costs, we remained confident that demand would remain resilient and that customers with genuine requirements would absorb the additional cost. Therefore, we continued our shipments without interruption and ensured that none of our containers were sent back to their source. This decision is now contributing to our growth.”

Looking ahead, Milano expects to achieve a further 20% growth over the next six months as export activity gains momentum, reinforcing its commitment to supporting Dubai’s position as one of the world’s leading global trading gateways. 

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EUROPHON ACOUSTICS SETS A NEW ACOUSTIC BENCHMARK AT DEWA’S AL SHERA’A HQ

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Government and public-sector developments across the GCC are increasingly setting new benchmarks for sustainable, people-centric workplaces. Employee wellness is now a business priority, and acoustic comfort is increasingly being recognised alongside air quality, daylight, and thermal performance. In the UAE, the wellness economy is valued at approximately $40.8 billion, while 90% of residents say they prioritise healthy living and working environments. For sustainability-led government buildings in particular, sound is a headline requirement.

Answering that brief at one of the region’s flagship developments, Europhon Acoustics® has completed a large-scale acoustic installation at the Al Shera’a Headquarters for Dubai Electricity & Water Authority (DEWA), widely recognized as one of the world’s most advanced sustainable government buildings. Europhon Acoustics supplied and installed approximately 5,000 sqm of MELO® Acoustic Plaster across the building’s lobbies, gym and office spaces, achieving a stringent NRC 0.90 sound absorption target across a series of architecturally complex, curved spaces without a single visible joint or panel line.

Amna Khazi, Senior Executive Manager at Europhon Acoustics®, commented: “The DEWA Al Shera’a project was an important milestone for Europhon Acoustics®, It showcased our ability to deliver large-scale, high-performance acoustic solutions on one of the UAE’ s most prestigious and sustainable developments. The project involved complex acoustic and architectural requirements, demanding close coordination, technical expertise and a genuine commitment to quality. Successfully contributing to such a landmark project reinforces our reputation as a trusted specialist in acoustic systems, and our capability to support iconic projects from concept through to completion.”

Engineering Silence into Complex Architecture

Large workplace environments require carefully engineered acoustic design to maintain speech clarity and create comfortable environments for employees. At Al Shera’a, this challenge was heightened by the building’s sweeping curves and non-standard geometries, which ruled out conventional modular acoustic panels.

MELO® was selected specifically for its seamless, monolithic finish, which leaves no visible joints –  a critical requirement for the clean architectural lines of the Al Sheraa HQ. Beyond aesthetics, it also delivers high acoustic performance, making it possible to meet the NRC 0.90 target without relying on modular panels or visible treatments. MELO’s standard finish was applied throughout without requiring any custom formulations, absorbing reflected sound across the lobbies and office areas to control reverberation and preserve speech clarity.

Given the complex geometries involved, installation required custom-cut profiles to accommodate curved surfaces, careful on-site coordination around non-standard wall contours, and precise on-site finishing to maintain MELO’s signature seamless look throughout. Europhon Acoustics managed the project end-to-end, handling both supply and installation, over a 12-month programme.

Acoustics as a Sustainability Metric

MELO® also contributes to the project’s LEED certification objectives, formulated with low VOC emissions to support healthier indoor air quality in line with sustainable building standards. It is an increasingly expected distinction of premium developments in the region: as WELL and LEED certifications converge around human health as much as physical sustainability, acoustic performance is emerging as a measurable ESG credential in its own right.

As government and public-sector developments increasingly prioritise employee wellness and productivity, acoustic comfort has become a key design consideration. At the same time, rising standards for sustainable and smart buildings across the region mean acoustic performance is now viewed as a core element of building quality.

A Region Tuning Into Acoustic Design

Demand for acoustic solutions is accelerating across the GCC, driven by a growing emphasis on occupant comfort, wellness, and sustainable building standards.

Beyond government projects, Europhon expects hospitality, retail, healthcare, and education to drive the next phase of adoption as acoustic comfort becomes a standard consideration in building design across the region.

Building on its contribution to landmark projects such as DEWA Al Shera’a Headquarters Europhon Acoustics continues to support the region’s vision for world-class, sustainable developments. As demand grows across government, hospitality, healthcare, education and commercial sectors, the company aims to further expand its footprint across the GCC while continuing to innovate in high-performance acoustic solutions.

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DUBIZZLE GROUP ANNOUNCES STRATEGIC PARTNERSHIP AND INVESTMENT IN TAKEEM, UAE-BASED RENTAL PROTECTION PLATFORM

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Dubizzle Group, the leading online classifieds platform in the Middle East, today announced a strategic partnership and investment in Takeem, the UAE-based rent guarantee platform.

As part of the partnership, Bayut and dubizzle will be the exclusive portal for Takeem’s Rental Guarantee solution, complementing the Group’s growing suite of rental services with a more dependable way for landlords to protect rental income and reduce uncertainty throughout the leasing process.

Takeem’s Rental Guarantee is the first of its kind in the GCC. It protects landlords against tenant non-payment and includes emergency maintenance cover for urgent property repairs, helping create a more secure, structured and predictable rental experience for landlords, tenants, agents and property managers, while enabling monthly digital direct debit payments.

Founded by Rakesh Mavath and Pooja Vithlani, Takeem has scaled quickly to onboard over 100,000 units. The platform draws on a vast, dynamic proprietary database of rental data to underpin its models, with the goal of enhancing the rental experience for the market. The company has seen strong commercial momentum, with client onboarding increasing by 900% over the past two months.

“Takeem is solving one of the most important gaps in the rental journey, and what stood out to us was not only the strength of the product, but the clarity of the founding team’s vision” said Haider Ali Khan, CEO of Dubizzle Group UAE. “Their ambition mirrors our own: to make property transactions more trusted, more transparent and more dependable for everyone involved. With Takeem, we are giving landlords and agents a credible way to take default risk off the table, while Tern gives tenants a much-needed payment solution. Together, these partnerships allow us to support the full rental ecosystem, from search and discovery to payments, protection and trust.”

Rakesh Mavath, Co-Founder of Takeem, added: “Our vision has always been to make renting more secure and predictable for everyone involved. Partnering with Dubizzle Group allows us to bring Rental Guarantee to a much wider audience through Bayut and dubizzle, embedding protection into the rental journey where it matters most. Together, we look forward to helping landlords and agents reduce risk, while contributing to a more trusted and resilient property ecosystem in the UAE.”

The move follows Dubizzle Group’s recent strategic partnership and investment in Tern, the UAE-based rental payments platform. While Tern gives tenants a more flexible and rewarding way to pay rent, Takeem strengthens the other side of the transaction by giving landlords and agents greater confidence around rental income.

The investment in Takeem was made through Dubizzle Group Ventures, the Group’s early-stage arm, which backs technology founders building around its marketplaces in the GCC.

The partnership marks another step in Dubizzle Group’s ambition to build a more trusted, dependable and connected rental experience across Bayut and dubizzle, supporting landlords, agents, tenants and property managers at every stage of the journey.

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