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AVENEW DEVELOPMENT AND KORA PROPERTIES FORM STRATEGIC JOINT VENTURE TO DELIVER A NEW INTEGRATED COMMERCIAL DISTRICT IN MOTOR CITY

L to R: Rasha Hassan, Managing Partner of AVENEW Development, Mr Nilesh Ved, Chairman of APPCORP Holding & Kora Properties and Owner of Apparel Group
AVENEW Development, the Dubai-born real estate innovator, has entered into a strategic joint venture with Kora Properties to deliver a new integrated commercial district in Motor City, marking a significant milestone in the company’s commercial portfolio.
The partnership brings together AVENEW’s design-led, people-first development philosophy with Kora Properties’ fully integrated real estate development platform backed by APPCORP Holding, one of the region’s leading conglomerates, creating a strong joint venture focused on delivering high-quality, long-term urban assets.
The joint venture’s first project is located on a prime development plot in Motor City, directly adjacent to the Dubai Autodrome. The masterplan will comprise six Grade A office buildings, a hospital, and an integrated retail mall, forming a fully self-sustaining business and lifestyle destination.
Designed as a contemporary urban district, the development will offer open views, landscaped public spaces, and a pedestrian-friendly environment that supports productivity, wellbeing, and everyday ease. The project aligns with Dubai’s broader ambition to create cleaner, more connected, and more sustainable commercial communities.
Commenting on the partnership, Rasha Hassan, Managing Partner of AVENEW Development, said:
“We don’t just build structures, we shape experiences. This partnership represents an important step in AVENEW’s growth, allowing us to expand our presence in the commercial sector while staying true to our core philosophy of intentional development. By working with Kora, we are combining design intelligence with operational strength to create a destination that supports how people work, connect, and operate.”
Mr Nilesh Ved, Chairman of APPCORP Holding & Kora Properties and Owner of Apparel Group, said:
“Our partnership with AVENEW reflects a shared vision to create destinations that deliver lasting value. By combining our expertise across development, design, and execution, we are committed to building high-quality assets that serve businesses, strengthen communities, and stand the test of time. The Motor City development reflects our commitment to building commercially resilient destinations that align with Dubai’s long-term growth ambitions.”
The Motor City development will be curated as a modern integrated commercial environment that blends professional, healthcare, retail, and lifestyle components through green open spaces and thoughtfully designed public realms.
The joint venture reflects a long-term commitment by both partners to Dubai’s urban evolution, positioning the project as a new benchmark for design-led, commercially driven urban districts in the city.
About AVENEW Development:
Avenew Development is more than real estate—it’s about curating a lifestyle where comfort and finesse live together in harmony to create timeless memories. Founded and born in Dubai in 2024, Avenew was co-founded by Rasha Hassan with a vision to craft homes that elevate everyday living. We believe a home is more than just a space—it’s where life’s finest moments unfold. That’s why we design with intention, creating refined, high-end communities where luxury feels effortless and every detail enhances the way people live, connect, and unwind. At Avenew, we shape more than residences; we create experiences. Our developments are a seamless blend of sophistication and warmth, ensuring that every home isn’t just lived in —it’s cherished. With a deep commitment to redefining modern comfort, Avenew is setting new standards for inspired living in Dubai—one exceptional home at a time.
About Kora Properties:
KORA Properties is dedicated to delivering exceptional value and meeting the growing demand for premium residential and commercial developments. The company is part of APPCORP Holding, a global conglomerate with a strong presence in 14 countries across four continents. APPCORP’s flagship enterprise, Apparel Group, is a globally recognized retail leader with over 2,500 stores, a diverse portfolio of 85+ international brands. The Group has established a strong presence in the GCC—Bahrain, Saudi Arabia, Kuwait, Qatar, and Oman—and continues to expand across key markets including India, Southeast Asia, South Africa, and Egypt. Offering an integrated omni-channel experience, Apparel Group represents global names such as Tommy Hilfiger, Calvin Klein, RITUALS, Skechers, ALDO, Charles & Keith, and Tim Hortons. Its sustained growth is driven by a multicultural workforce of over 27,000+ and steered under the leadership of its founders, Nilesh Ved and his wife Sima Ved.
Home Feature
Dubai Longevity Authority Could Accelerate Shift Towards Wellness-Led Homes
Attributed to Twinkle Aswani, Editorial division, Integrator Media
Dubai’s push to become a global hub for healthy longevity is moving into a new phase, with the emirate formally setting out a regulatory and investment framework for a sector expected to span healthcare, wellness, technology and increasingly, the built environment.
On Sunday, H.H. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum approved the strategy and operating budget of the Dubai Longevity Authority, moving the body from establishment into implementation. Created in June, the Authority is the world’s first dedicated regulator for the Longevity, Wellness and Advanced Health sector, with a mandate covering research, clinical trials, manufacturing, commercialisation, investment and infrastructure.
While the strategy is rooted in healthcare and life sciences, its wider focus on healthspan, quality of life and supporting infrastructure comes as wellness is already becoming a significant part of the UAE real estate market.
According to the Global Wellness Institute, the UAE’s wellness real estate market grew from USD 3.3 billion in 2017 to USD 14.6 billion in 2025, with the segment now accounting for more than 12% of total construction making the country among the world’s fastest-growing wellness real estate markets
The shift is increasingly visible in Dubai, where a growing number of developments are moving beyond conventional gyms and swimming pools towards concepts centred on sleep, air and water quality, movement, recovery, biophilic design, social connection and preventative wellbeing.
One example is EYWA Tree of Life by R.Evolution, positioned as Dubai’s first fully longevity-led residential development, using neuroarchitecture and biophilic design principles to create an environment designed to support residents’ long-term health and wellbeing.
“The significance of the Longevity Authority is that it broadens the conversation from treating illness to supporting healthspan over the long term. We spend around 90% of our time indoors, so the built environment has a meaningful role in how well we live and age. Longevity in real estate therefore goes beyond adding wellness amenities. It means considering how every element of a home, from air quality and light to movement, recovery and social connection, can support healthier daily routines over many years. As this thinking becomes more established, it could begin to influence wider industry expectations, shaping how developments are designed, planned and, potentially, regulated in the future.” said Igor Karpikov, CCO of R.Evolution.
The movement also coincides with the UAE’s growing position as a global wellness destination. Industry analysis has previously placed the country among the world’s top 20 wellness and spa tourism destinations, with wellness travellers spending more than USD 5 billion in 2022 and per-trip expenditure exceeding USD 1,500. Dubai has continued adding high-end preventative health, longevity and wellness concepts aimed at an international clientele.
That demand is beginning to influence expectations in residential real estate as well. For affluent buyers, luxury is increasingly being defined by the quality of the environment around them and whether a home can support healthier daily routines over the long term.
“Dubai recorded 296 home sales above USD 10 million in the first half of 2026 alone, showing the depth of its HNWI buyer base. For these buyers, the conversation is increasingly moving beyond size and finishes towards the quality of the environment and how a home supports everyday life. As longevity develops into a more structured sector, these considerations are likely to move from being differentiators in selected projects to more established purchasing criteria across the premium market, particularly as more affluent buyers choose Dubai as a long-term home.” said Abdulla Lahej, Chairman of Amaal.
The creation of a dedicated Longevity Authority could accelerate that transition. Its remit includes attracting investment and talent, establishing regulatory standards and creating an environment in which longevity-focused businesses can test and scale new products and services. As that ecosystem develops, Dubai’s next generation of residential developments could increasingly be shaped around the question: What is this home doing for the health of the person living in it?
Home Integrator
Sobha Realty Expands into the United States and Australia with Land Secured in Both Markets
Sobha Realty has commenced operations in the United States and Australia, securing land for its initial residential projects in North Dallas, Texas, and Southeast Queensland. The expansion marks the next stage of the developer’s international growth, with a phased approach shaped by local housing needs and delivery partnerships in each market.
In the United States, the company is planning single-family home communities in Celina and Frisco, within the Dallas–Fort Worth metropolitan area. In Australia, it has acquired sites in Brisbane and on the Gold Coast. Both programmes will be supported by company equity and local financing, with projects tailored to the requirements of buyers in each market.
Mr. PNC Menon, Founder of Sobha Group, said: “Our expansion into the United States and Australia reflects a long-term commitment to building an international business grounded in quality and trust. Over five decades, we have developed a discipline that places responsibility for the finished product at the heart of every decision. As we enter these markets, our priority is to apply that experience with a clear understanding of local needs. We intend to earn our position through the communities we create and the lasting value we deliver to homeowners.”
Mr. Ravi Menon, Chairman of Sobha Group, said: “The United States and Australia are important markets in Sobha’s next phase of growth. Our strategy is to establish a focused presence in locations with strong housing demand and build scale through disciplined investment and phased delivery. Securing land in North Dallas and South East Queensland gives us a foundation for that approach. We intend to grow deliberately in both markets, creating homes shaped by local needs and built to the standards that define Sobha.”
United States
Sobha Realty has secured land in Celina and Frisco and plans to deliver a phased programme of single-family homes over the coming years. Sales in its first Celina community are expected to begin in 2027, with the programme funded through company equity and local lending.
The first two communities are planned in Celina. The initial development will comprise larger homes on generous lots adjacent to North Sky, followed by a broader community of family homes. Work on the Frisco site is expected to begin in 2027.
The homes will cater to move-up buyers and growing families. The company’s focus on North Dallas is informed by population growth and corporate relocations supporting residential demand across the region.
Beyond its initial sites, Sobha Realty is evaluating opportunities in Austin and Houston, as well as Dallas–Fort Worth submarkets including Southlake, Westlake and Flower Mound. Nashville, Phoenix and Florida are also under consideration as part of its longer-term growth plans.
Australia
Sobha Realty has acquired two sites in Southeast Queensland, in Brisbane and on the Gold Coast. A development application for the Fortitude Valley site in Brisbane is planned within the next month. Construction on both projects is expected to begin in mid-2027, subject to approvals.
The projects are being planned around Australian buyers and local conditions, supported by feasibility assessments undertaken in the market. For its initial developments, Sobha Realty is partnering with Australian tier-one builders, architects and consultants, with the aim of contributing a wider range of housing types and price points.
Company equity will provide the base funding, complemented by financing from Australian banks and non-bank lenders, with bank funding preferred. Beyond Queensland, the company is assessing opportunities in Sydney across apartments and house-and-land developments.
Local delivery and Sobha standards
Mr. Francis Alfred, Managing Director of Sobha Realty, said: “Our entry into these markets begins with understanding how people want to live and translating those needs into homes that combine thoughtful design, innovation and the quality associated with Sobha. In the United States, our initial focus is on single-family homes for growing families and buyers taking the next step in homeownership. In Australia, we are planning projects around local lifestyles and conditions, working with experienced partners. Across both markets, we will combine local insight with Sobha’s expertise in technology, design and quality assurance, building our presence thoughtfully while maintaining the standards that define Sobha.”
In the UAE, Sobha Realty’s Backward Integration model brings design, engineering, manufacturing and construction in-house, from concept to completion. Through Mission 70/70, the company is moving a growing share of construction off-site into highly automated factories, using technology, automation and precision manufacturing to enhance quality and consistency.
Its initial projects in the United States and Australia will be delivered with local partners, with the company intending over time to introduce elements of its Backward Integration model, including factory-built components and advanced construction technologies, into both markets.
The expansion builds on Sobha Realty’s Dubai delivery programme, with 6,000+ homes planned for handover in 2026 across communities including Sobha Hartland, Sobha Hartland II, Sobha Reserve, Sobha One and Verde by Sobha.
Home Integrator
Bollywood Superstar Salman Khan to Attend the Official Unveiling of Kenz De Rasasi at Beautyworld Middle East 2026

Kenz De Rasasi, the newest outlook of Rasasi Perfumes – contemporary luxury fragrance house born from the heritage of Rasasi Perfumes, will make its official debut at Beautyworld Middle East on 6 October 2026, with Bollywood superstar Salman Khan attending as Chief Guest for the brand’s official launch and unveiling.
Salman Khan will join Mr. Anis Abdul Razzak, Owner of Rasasi Perfumes and Chairman of AAR Group, for the unveiling, marking a significant new chapter in the Rasasi fragrance legacy.
Born from decades of perfumery heritage, Kenz De Rasasi has been created to rediscover and reimagine selected treasures from Rasasi’s legacy for a new generation of fragrance consumers.
The name itself reflects this philosophy. “Kenz” means “treasure” in Arabic, while “de” means “of” in French making Kenz De Rasasi, “The Treasures of Rasasi.”
Rather than simply revisiting existing creations, Kenz De Rasasi reimagines each treasure in its entirety from the fragrance and formulation to the bottle, packaging, design, positioning, storytelling and overall consumer experience. The character and heritage at the heart of each creation are preserved, while being given a contemporary new expression.
At Beautyworld Middle East 2026, Kenz De Rasasi will unveil eight fragrance collections, presenting the brand and its fragrance universe to international retailers, distributors, media, creators and the wider fragrance industry for the first time.
Conceptualised and creatively driven by Mr. Anis Abdul Razzak, Owner of Rasasi Perfumes and Chairman of AAR Group, Kenz De Rasasi represents an evolution from within the Rasasi family. Drawing upon decades of perfumery expertise while establishing a distinctive identity of its own, the brand has been created with the ambition of building a globally recognised contemporary fragrance house from Dubai.
Joining Mr. Anis Abdul Razzak for this milestone will be Bollywood superstar Salman Khan as Chief Guest, who will take part in the official launch and unveiling of Kenz De Rasasi at the brand’s Z6-A12 booth from 2:00 PM on 6 October.
The unveiling will bring together the heritage of Rasasi, the creative vision behind Kenz De Rasasi and one of Indian cinema’s most recognised personalities for the official introduction of the brand to the global fragrance industry.
Beautyworld Middle East marks the beginning of a new chapter for Kenz De Rasasi as it introduces its fragrance universe under one defining philosophy: KENZ DE RASASI – A LEGACY REIMAGINED.
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