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OBJECT 1 REVEALS AED 4.5 BILLION MULTI-PLOT LAND DEAL ON ABU DHABI’S AL REEM ISLAND

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Aerial view of Al Reem Island showing modern high-rise towers along a waterfront canal, sandy shoreline, and landscaped mangrove area in Abu Dhabi by OBJECT 1.

Abu Dhabi, UAE, 21 January 2026 — Object 1, an award-winning and rapidly growing real estate developer, has closed a major land investment in Abu Dhabi, marking a significant step forward in its expansion into the capital. The developer has acquired four waterfront plots on Al Reem Island, within the Shams Gate District, with a combined development area of over 2 million square feet and a total sales value of AED 4.5 billion.

The transaction marks a defining next step following Object 1’s expansion into Abu Dhabi in late 2025, which included the launch of its first Sales Gallery in the capital and its long-term growth plans for the emirate. Al Reem Island land acquisition reflects the company’s alignment with the government’s National Family Growth Agenda 2031. With 2026 designated as the Year of Family, the investment prioritises land positions suited to long-term residential communities, encouraging stability, community-led living, and environments that support families at different life stages.

Egor Maslennikov, Chairman and Founder of Object 1,said: “Our entry into Abu Dhabi was always intended as a long-term commitment, not a one-off expansion. Closing this investment on Al Reem Island reflects our confidence in the capital’s direction and our readiness to contribute meaningfully to its residential landscape. Abu Dhabi offers the right balance of stability, planning clarity, and community demand, which aligns closely with how we build.”

Abu Dhabi’s real estate market has entered a phase of accelerated growth, supported by rising buyer confidence and structural shifts in how the market is developing. Sales activity climbed sharply over the past year, with transactions increasing by 76% and total deal values more than doubling to AED 25.3 billion, reinforcing the capital’s appeal as a stable, high-growth destination for long-term residential investment.

Against this backdrop, the capital now stands as a core pillar of Object 1’s UAE strategy, building on the company’s momentum after delivering more than 2,600 homes and establishing a development pipeline exceeding 4.5 million square feet in Dubai. The Al Reem Island commitment positions the developer as an active participant in Abu Dhabi’s next phase of growth, translating its Dubai momentum into lasting impact in the capital.

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DESIGNING EXPERIENCES, NOT JUST SPACES: STUDIO WYZE’S STORY-DRIVEN PRACTICE

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Interior of a Studio WYZE–designed hospitality space featuring two people posed beside a curved banquette, with sculptural vertical wall panels, patterned upholstery, a marble table in the foreground, and layered floral arrangements in a moody, refined setting.

Exclusive Interview with Christina Arbenz and Chris Sayce, Co-founders and Principals of Studio WYZE

Studio WYZE works across hospitality, residential and product design. When you approach a space, what elements of your process stay constant—no matter the typology?

We always start with the layout, as it often opens the pathway for the concept to unfold. Layout is vital for all parties: operations rely on it to function efficiently; owners need it to achieve a desired number of covers and guests need to feel comfortable and immersed in the experience. The storytelling then comes into play, anchoring the guest journey in narrative. We approach the design of spaces as a series of framed views, with transitions between them unfolding like cinematic shots, guiding people slowly and deliberately through the space.

Many interior studios today lean heavily into aesthetics-first storytelling. How do you ensure that emotional resonance and functionality hold equal weight in your projects?

The emotional resonance of a space comes from how the storytelling unfolds. When the narrative is clear and carried through every step of the design, the guest’s experience becomes part of that story. We think about how someone will sit in a space, how they will interact with the furniture around them, what they will touch, the textures they will feel—and how each of these moments makes them feel. Functionality comes alive in the details. We focus intensely on the refinement and coordination of every elements, so the space not only looks beautiful, but works seamlessly for the team using it day-to-day, and feels effortless and comfortable for the guest.

Hospitality design often demands drama and immersion. How does that sensibility influence the way you approach high-end residential interiors?

Hospitality and residential design both aim to create environments that feel comfortable for the individual using them. In F&B, the experience is often tied to a brand narrative — its cuisine, culture and inevitably a bit of a theme. In hotel design, the storytelling comes from the sense of place, the local context and the type of guest the brand is aimed at. In high-end residential, the goal is similar: to tell a story, but one that belongs to the resident. We look to their tastes, hobbies, travels and meaningful memories, and bring these together to create a space that reflects who they are.

With studios in London and Zurich and projects across global markets, how do you adapt your design language without losing Studio WYZE’s signature identity?

Our identity comes through our process, rather than a signature aesthetic. We approach each project as a unique, individual space. We begin with the building itself—its location, history and purpose—and from there weave in the brand or resident identity, uncovering the story the space is meant to tell. We immerse ourselves in the process, designing bespoke furniture and lighting that give each space its own character. We collaborate with local craftsmen, artisans and manufacturers, and we’re always traveling and exploring to discover new methods, ideas and approaches that bring fresh energy and perspective to our work.

TATTU Dubai unfolds as a multi-level journey inspired by mythology. How early did storytelling become the anchor for this project?

The foundations of TATTU as a brand stem from the history of Asian Tattoos, whereby the inked spirits would endow the owner with protective and strengthening properties. Previous TATTU venues have grounded themselves in four core ‘spirit animals’; the Dragon, the Carp, the Phoenix and the Tiger. The brief was to interpret this core brand narrative into three unique concepts, developing on the design touchpoint to create a more holistic and narrative-driven design.

From the beginning, we felt the most authentic way to unfold the brand and its mythology across the three levels was to develop individual realms for three of these core characters. Our chosen three were The Dragon, featuring at Level 74 as part of the main TATTU Restaurant and Bar; The Carp, featuring at Level 76 as part of the Pool Deck and Sushi Lounge concept; and The Phoenix, feature at Level 81 as part of the Cocktail Bar and Lounge concept. The key was to maintain the storytelling of each of these spirits through materiality, detailing, colour palette and accessories.

From Shou-Sugi-Ban timber to onyx and amethyst glass, the palette is bold yet controlled. How do you decide when a material should lead versus support the space?

We play with contrasts in texture and finish—smooth versus rough, dark versus light, metallic versus natural, gloss versus matte. Every material has a purpose, even if some are more visually dominant. The secondary materials are almost always interesting in their own right, adding depth and nuance to the space. For example, in our main restaurant, the gold leaf slats immediately draw the eye, but behind them, the black plaster finish has its own subtle movement. The hand-applied texture and selective polishing create variations in gloss and shadow, giving the surface life and detail, even when the focus is on the gold above. It’s this layering and dialogue between materials that allows a space to feel rich and purposeful, whether a material is leading or supporting.

Designing the world’s highest infinity pool is no small feat. How did you approach creating a space that feels relaxed yet elevated—literally and conceptually?

On the pool deck, the design is restrained, giving the breathtaking views and architecture the space to speak for themselves. We approached the pool deck with a soft, fresh and airy palette, favouring natural tones that evoke calm. The light aqua hue references both the tranquil colours of water and the legend of the Carp, adding a subtle layer of narrative. The timbers were treated to feel lighter and sun-bleached, as if naturally weathered over time, while the fabrics, though simple, are tactile and inviting, adding a quiet richness to the experience. The goal was to create a space where guests could relax among the foliage and fully appreciate the spectacular views beyond.

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ANIME AND POP CULTURE ICONS TO DRIVE UAE TOY MARKET GROWTH IN 2026

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man dressed in black and white

From teens to seasoned collectors, the momentum built in 2025 continues to drive demand for anime and pop-culture collectibles across the UAE and global markets, positioning the toy sector for strong growth in 2026. Once seen as a childhood hobby, collectibles have evolved into a cultural phenomenon driven by social trends.

“A growing appreciation for storytelling, personal engagement, and fear of missing out on emerging trends has fuelled the rapid expansion of the collectibles market in the UAE,” said Hassan Tamimi, CEO of The Little Things.

Articulated and poseable figures have gained strong traction among collectors. “In 2025, brands such as SH Figuarts, Hot Toys, and ZD Toys recorded strong sales in the UAE, reflecting surging demand for figures that allow customization, scene recreation, and creative play,” noted Tamimi.

Commenting on exclusivity, which continues to be a key driver in the market, he said, “Limited-edition figures, blind-box formats and character-led merchandise emerged as key growth drivers, showcasing how collectibles are viewed as a statement rather than just children’s toys. Moreover, these collectibles are also finding appeal as distinctive gift items.”

“The shift is also evident among Gen Z, with the rising demand for plush keychains and trinkets from brands such as Sanrio, Pokémon, and Monchhichi, portable and personal accessories that double as an expression of individuality through playful, nostalgic, and customizable designs,” added Tamimi.

Brands like Funko continue to drive demand, with fans pre-ordering releases, lining up in stores, and attending events to secure their favorites.

Notably, among the pop-culture collectibles, LABUBU stood out as the most popular in the UAE and globally in 2025. Created by Hong Kong-born, Netherlands-raised illustrator Kasing Lung, the character gained significant popularity among the collectors. POP MART, known for its wide range of collectible figures, has also seen strong growth and fan engagement in the region. Other intellectual properties like CRYBABY, SKULLPANDA, HIRONO, and DIMOO have emerged as fan favorites in recent months.

“Nostalgia plays a significant role in today’s collectible market,” Tamimi said, “Many fans who grew up collecting toys and watching pop-culture classics now have adult purchasing power to buy the items they once wished to own, creating a market where nostalgia meets aspiration.”

Looking ahead to 2026 toy market in the UAE, Tamimi shared toy companies are expected to push creative boundaries further matching the evolving expectations of fans. “Collectible brands will likely explore more interactive, customizable and limited-edition releases in 2026,” he added.

Commenting on the growing pop-culture collectibles community in the UAE, Tamimi added that the UAE hosts several pop-culture and toy festivals throughout the year including the annual Middle East Film & Comic Con (MEFCC), which continues to fuel fan engagement and growth. Another key event happening in February this year ‘Animenia’- five days of anime, live music, and Japanese pop culture attracting fans and collectors’ enthusiasts from across the region.

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SOURCE OF FATE COMMENCES CONSTRUCTION ON MIRAGGIO, CONTRIBUTING TO AL MARJAN ISLAND’S DEVELOPMENT MOMENTUM

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Source of Fate officials and partners participate in a ceremonial ground‑breaking for the Miraggio development on Al Marjan Island, holding shovels on a red carpeted site in front of a branded Miraggio and Source of Fate backdrop.

Source of Fate (SOF), the high-end luxury real estate developer under the Wheel of Fate Group, has commenced construction on Miraggio, its flagship luxury waterfront development on Al Marjan Island, marking a major milestone for the company and the Emirate’s fast-growing real estate sector.

The start of construction follows the successful completion of key design milestones, including Concept Design (CD) approval and the completion of Schematic and Preliminary Design (SD & PD). The project has already recorded sales exceeding 1 billion, with 50 per cent of units secured through off-plan bookings ahead of construction, underscoring robust buyer confidence and sustained demand for premium waterfront living in Ras Al Khaimah.

This higher demand is underpinned by Ras Al Khaimah’s strong real estate performance in 2025. According to recent market data, residential capital values recorded robust growth, with overall prices rising 14.9 per cent year-on-year. Apartments saw increases of 15.5 per cent year-on-year, while villa values grew by 13.8 per cent. Al Marjan Island has led this upward trajectory, with its capital values climbing 16.8 per cent year-on-year, reinforcing its position as one of the Emirate’s most sought-after waterfront residential destinations.

Commenting on the milestone, Dr. Majid Jack Hsiung, General Manager at Source of Fate, said: “Reaching 50 per cent off-plan bookings ahead of construction underscores a fundamental shift in buyer expectations. Homeowners and investors today are seeking more than premium finishes. They are seeking environments that support wellbeing, balance, and a meaningful connection with nature. Miraggio was conceived with this philosophy at its core, and as construction commences, our focus is to deliver that vision through uncompromising quality, disciplined timelines, and operational excellence at every stage.”

Reflecting its commitment to excellence, Source of Fate has appointed a consortium of world-class partners to deliver Miraggio to the highest levels of quality, safety, and performance. VX Studio leads as Project Consultant, bringing award-winning architectural expertise, while HQS Cost Management Consultant oversees cost planning and financial governance. NEXT Engineering Consultant, with more than three decades of experience, is responsible for ensuring sustainable, efficient, and technically robust construction practices.

Construction of Miraggio will adhere to UAE construction standards and international best practices, including the UAE Fire and Life Safety Code, Energy Efficiency Standards, Accessibility Code, Seismic Design Code, and Environmental Building Standards. Global benchmarks such as IBC, IFC, ASHRAE, NFPA, and ASTM will further guide the project, ensuring the highest levels of safety, sustainability, and innovation.

Sustainability is embedded throughout the development, with measures including solar-ready infrastructure, greywater irrigation, and a central water filtration system designed to reduce plastic use by up to 90 per cent, seamlessly integrating responsible living into everyday life.

The project is fully funded, with investments to date supporting key pre-construction and early works. Upcoming milestones include the completion of enabling works, commencement of main construction, and a structured timeline of progressive handovers.

Set to redefine luxury living in Ras Al Khaimah, Miraggio reflects Source of Fate’s vision of creating human-centric, environmentally responsible, and meticulously crafted communities, reinforcing Al Marjan Island’s status as one of the UAE’s most sought-after waterfront destinations.

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