UAE Real Estate Weekly Highlights –12 Dec–18 Dec 2025 | Market Updates
Karl Lagerfeld partners with AARK Developers for ultra-luxury UAE Project (15th December 2025)
Global luxury brand Karl Lagerfeld has partnered with AARK Developers to launch an ultra-luxury beachfront residential project on Al Marjan Island in Ras Al Khaimah. Valued at over US$1.4 Bn and scheduled for completion in 2028, the development will feature 663 sea-view residences, ranging from one- to four-bedroom homes, 20 podium villas, and 10 exclusive sky penthouses, many with private pools. Residents will enjoy resort-style amenities including signature dining, a beach club, and a sky bar with infinity pool. The project marks Karl Lagerfeld’s second branded residential development in the Middle East.
Read more at Karl Lagerfeld launches $1.4bln beachfront residential project in RAK | Zawya
Union Properties unveils four-tower Mirdad community in Dubai Motor City (15th December 2025)
Leading UAE developer Union Properties has broken ground on Mirdad, its AED 2 Bn flagship project in Dubai Motor City. Spanning nearly 357,000 sqft, the development will deliver 1,087 units across four towers, including luxury lofts and smartly designed apartments. Residents will benefit from more than 26 indoor and outdoor amenities, smart building technologies, EV charging, and sustainable features. Strategically located between Dubai’s two international airports, Mirdad supports Union Properties’ renewed focus on wellness-driven, community-centric urban living. The project is scheduled for completion in Q4 2028.
Read more at Union Properties breaks ground on $544mln flagship project in Motor City | Zawya
Prestige One Developments launches new project, Hilton Residences in Dubai Maritime City (16th December 2025)
Prestige One Developments unveiled Hilton Residences Dubai Maritime City, the world’s first Hilton-branded standalone waterfront residential project. The launch showcased Prestige One’s design-led portfolio and marked a major milestone for both Prestige One Developments and Hilton. Featuring panoramic sea views, world-class amenities and Hilton’s signature hospitality, the project highlights the growing appeal of Dubai Maritime City. The development reinforces Dubai’s position as a global luxury real estate and lifestyle destination.
Read more at Prestige One launches Hilton Residences at Dubai Maritime City in grand ceremony | Zawya
Binghatti launches first Master planned community with Mercedes-Benz (17th December 2025)
Dubai-based Binghatti Developers and Mercedes-Benz have unveiled Mercedes-Benz Places – Binghatti City, a landmark AED 30 Bn master planned community in Meydan. Spanning 10 Mn sqft, the project marks Mercedes-Benz’s second branded residence with Binghatti and the developer’s first fully master planned city. Designed as a self-sustained “city within a city,” it will integrate luxury homes, retail, leisure, green spaces, mobility hubs, and wellness zones, guided by Mercedes-Benz’s Sensual Purity design philosophy. The project was signed in Stuttgart, Germany and will officially launch on 14th January 2026.
Read more at Binghatti, Mercedes-Benz unveil $8.2bln multi-tower branded city in Dubai | Zawya
Luxe Developers’ second signature project takes shape on Al Marjan Island (18th December 2025)
The Luxe Developers have broken ground on La Mazzoni, an AED 2.3 Bn wellness-integrated luxury development on Al Marjan Island. Scheduled for completion in Q3 2028, the fully furnished G + 15 project will feature 562 residences, including apartments, duplexes, chalets, and penthouses. Designed by Dewan Architects + Engineers, with interiors by Hirsch Bedner Associates, La Mazzoni blends nature-inspired architecture with five-star amenities, wellness facilities, co-working spaces, and landscaped gardens. The project reinforces Al Marjan Island’s growing status as a premier luxury and lifestyle destination.
Read more at Luxe breaks ground on $626mln luxury residential project in RAK | Zawya
TECOM Group expands innovation hub with new phase at Dubai Internet City (18th December 2025)
TECOM Group PJSC has launched Phase 4 of Innovation Hub at Dubai Internet City, responding to growing demand for Grade-A offices from global technology firms. Valued at AED 615 Mn, and offering 263,000 sqft of Gross Leasable area, the development raises TECOM Group’s total investment in the Innovation Hub project to AED 2 Bn. Scheduled for completion in 2028, the new phase follows the strong leasing success of earlier phases and reinforces Dubai Internet City’s position as the region’s leading tech hub. The project supports national strategies such as the UAE Digital Economy Strategy and Dubai Economic Agenda D33.
Read more at TECOM launches $167.5mln Innovation Hub Phase 4 in Dubai Internet City / Zawya
