REAL ESTATE
BNW Developments, Enlightened Minds Launch BNW Real Estate Fund
BNW Developments and Enlightened Minds Investments have entered a strategic association as co-general partners to launch the BNW Real Estate Fund, aimed at accelerating premium real estate development across the UAE. The fund had capital commitments of $27 million on the day of launch itself.
The partnership was formalised during an exclusive signing ceremony in the presence of select investors and industry stakeholders.
BNW Real Estate Fund will focus on three key investment pillars, starting with land acquisition in high-growth, strategically significant locations. It will also prioritise last-mile and completion financing for promising projects nearing delivery, ensuring timely execution and market entry. Additionally, the fund is committed to developing branded, purpose-built real estate assets designed to meet the needs of today’s end users. This strategy is expected to yield 18 per cent a year, including an 8 per cent annual distribution and the balance delivered upon exit.
Leadership from both organisations reinforced their shared vision to drive impactful growth and elevate the benchmark for investor-centric development in the region.
“This partnership represents a pivotal chapter for our company,” said Ankur Aggarwal, Chairman and Founder of BNW Developments. “With the launch of BNW Real Estate Fund, we are scaling our vision to deliver developments that are not only innovative and investment-strong, but also meaningful to the communities they serve. We are confident that this collaboration will fast-track our ambition to redefine the future of real estate in the region.”
Vivek Anand Oberoi, Managing Director and Co-founder of BNW Developments, added, “This partnership is a statement of intent. With the launch of the fund, we are investing in outcomes, growth, and the future of the UAE. It marks the beginning of a new chapter for BNW, one built on scale, speed and clarity. This is more than capital deployment; it is a new era of development, driven by purpose and performance. We are building momentum that will shape markets, create value, and redefine the possibilities.”
Sandeep Agarwal, Real Estate Advisor, BNW Developments further explained: “This is the first of many launches for BNW Real Estate Fund in structured markets and focused on combing the best of regular returns like bond markets and the upside potential of equity participation in the high-growth UAE real estate playbook.”
Combining BNW Developments’ expertise and strong project pipeline with Enlightened Minds Investments’ dynamic capital-raising capabilities and investor network, the fund is designed to fast-track compelling projects while contributing to the region’s expanding development landscape.
“Partnering with BNW Developments aligns with our mission to back ventures that are vision-driven and return-focused,” said Timur Kudratov, Co-founder of Enlightened Minds Investments. “The fund allows us to channel capital into projects with strong fundamentals and long-term growth potential, enabling us to support investors while contributing to the region’s evolving development ecosystem. Together, we look forward to building value that lasts.”
The BNW Real Estate Fund is now open for strategic investor engagement, with the first phase of allocations expected to be deployed across a curated selection of opportunities in the coming months.
Story by Gulf News
REAL ESTATE
Dubai Property Market 2025
Dubai, UAE: Dubai’s real estate sector remained firmly on a growth trajectory in 2025, supported by steady demand and expanding supply. Reflecting these dynamics, dubizzle, the UAE’s leading online marketplace, has released its Annual Dubai Property Market Report, delivering a data-driven assessment of the emirate’s real estate market performance in 2025.
dubizzle’s report showed sustained transactional activity and overall stability across core market segments, including off-plan sales and short-term rentals.
Commenting on the latest market trends, the CEO of Bayut & dubizzle and CEO of Dubizzle Group MENA, Haider Ali Khan, said: “Dubai’s real estate market kept up its momentum throughout the year, with steady demand across the board. We’ve also seen the industry evolve, supported by stronger regulation, new partnerships and emerging innovations like real estate tokenisation, which are adding more confidence and depth to the market. In a fast-moving environment like this, having reliable information really makes a difference. At dubizzle, we focus on bringing verified listings and data-led insights to the table, so buyers, investors and renters can make decisions with clarity and confidence. With a strong pipeline of handovers and new launches ahead, the coming months should offer a clear view of how the next phase of the market takes shape.”
READY SALES: TOP AREAS AND MARKET TRENDS
Investor and buyer activity continued at a steady pace across Dubai’s most sought-after ready property locations.
- Dubai Marina led the luxury apartment segment, while Jumeirah Village Circle (JVC) and International City emerged as the top-performing mid-tier and affordable apartment markets, respectively.
- DAMAC Lagoons remained the top choice for luxury villas, while Al Furjan and DAMAC Hills 2 led the mid-tier and affordable segments.
- Dubai Investment Park (DIP) recorded the highest increase in the villa segment, with the average price reaching AED 2.17M.
- The per-square-foot price for villas in Dubai Investment Park (DIP) recorded the highest surge, reaching AED 773. Meanwhile, Dubai Silicon Oasis (DSO) saw the sharpest rise in per-square-foot price for apartments, reaching AED 1,501.
- Town Square delivered the highest ROI for mid-tier apartments at 7.72%, while DAMAC Lagoons led the villa segment with a 10.46% return.
OFF-PLAN SEGMENT: DIVERSE OPTIONS AND GROWING INVESTOR INTEREST
Dubai’s off-plan property segment continued to drive growth in 2025, supported by a steady pipeline of new launches and substantial demand.
- Off-plan apartments saw strong demand across established and emerging communities, led by luxury projects in Dubai Marina, Dubai Hills Estate and Dubai Creek Harbour, mid-tier developments in Business Bay, Jumeirah Village Circle and Al Furjan and affordable options in Dubai Investment Park, Dubai Land Residence Complex and Dubai South.
- Off-plan villa interest remained concentrated in master-planned communities, with high-end projects in DAMAC Lagoons, The Valley by Emaar and Mohammed Bin Rashid City, mid-tier developments in Arabian Ranches 3, Mudon and Nad Al Sheba and affordable villa projects gaining traction in R. Hills, Chevalia Estate and Verona.
RENTAL MARKET: STEADY DEMAND, DIVERSE SUPPLY
The rental market in Dubai continued to grow steadily in 2025, fueled by active demand across various neighbourhoods.
- Dubai Marina maintained its status as the preferred choice for luxury apartments, with JVC and International City emerging as the leading destinations in the mid-tier and affordable segments.
- In International City, an affordable apartment community, average rents surged to AED 53k, marking the highest increase in the segment.
- For villa rentals, Al Barsha led the luxury segment. On the other hand, Al Furjan and DAMAC Hills 2 dominated the mid-tier and affordable segments.
- The rent of mid-tier villas in Arabian Ranches 3 surged 45.98% driven specifically by new inventory in Caya, reaching an average of AED 254k. The 4-bedroom villas led the gains, surging by 69%.
SHORT-TERM MARKET: EXPANDING INTEREST AND HEALTHY OCCUPANCY TRENDS
Dubai’s short-term rental market remained strong, driven by steady tourism, flexible living trends and rising demand for quality short-stay options.
- The interest for luxury short-term rentals remained concentrated in prime locations, with significant monthly apartment demand in Dubai Marina, Downtown Dubai and Meydan City, while Palm Jumeirah, Dubai Hills Estate and DAMAC Hills led the segment for high-end villa short-term rentals; the demand for daily luxury apartments stayed anchored in Dubai Marina, Downtown Dubai and JBR.
- JVC, Business Bay and Al Barsha experienced high demand for both monthly and daily apartments, while Arabian Ranches 3 and The Springs witnessed a strong short-term villa rental interest.
- The interest for affordable vacation rentals continued to centre around established districts, with International City, Bur Dubai and Deira dominating the monthly apartment segment, DAMAC Hills 2 led the demand for affordable short-term villas and Bur Dubai, Deira and DSO emerged as key areas for daily rentals.
About dubizzle:
dubizzle, the well-known online classifieds giant in the UAE, is an integral part of homegrown unicorn, Dubizzle Group Holdings Limited. As the UAE’s largest classifieds site, dubizzle plays a pivotal role in connecting buyers and sellers across diverse categories such as properties, cars, jobs, and various goods.
The user-friendly platform, coupled with innovative features, has solidified dubizzle as the go-to destination for both buyers and sellers to effortlessly connect and transact. dubizzle takes pride in the unwavering commitment to values of transparency, authenticity and consumer protection, positioning dubizzle as a preeminent platform for ethical online commerce in the UAE.
Business
MIDAD REAL ESTATE AND DIRIYAH COMPANY TO CO-DEVELOP LUXURY $827 MILLION FOUR SEASONS HOTEL AND PRIVATE RESIDENCES IN DIRIYAH
The $827 million investment and development agreement marks a significant collaboration, strengthening Midad’s expanding Four Seasons portfolio and luxury development pipeline.
Riyadh, Saudi Arabia, 7 January 2026: Midad Real Estate has signed a strategic investment and development agreement with Diriyah Company to co-develop Four Seasons Hotel and Private Residences Diriyah on a 235,938-square-meter site in Diriyah, the City of Earth and the Kingdom’s historic and cultural landmark. The signing ceremony was attended by His Excellency Ahmed Al Khateeb, Minister of Tourism for Saudi Arabia, Jerry Inzerillo, Group CEO Diriyah Company, Abdulelah bin Mohammed Al Aiban, President of Midad Real Estate, and a number of executives.
The USD 827 million (SAR 3.1 billion) investment, covering land and construction, underscores Midad’s expertise in luxury hospitality and residential development and its commitment to Vision 2030, driving tourism, investment, job creation, and sustainable economic impact.
Midad Real Estate will lead the development, featuring a 159-room luxury Four Seasons Hotel and private residences, combining world-class service and design to set new standards for luxury hospitality in the Kingdom.
His Excellency Ahmed Al Khateeb, Minister of Tourism for Saudi Arabia and Secretary General of Diriyah Company, said: “Saudi Arabia continues to set new benchmarks in destination development, and Diriyah stands at the forefront of this evolution. Partnerships such as this enhance the Kingdom’s global tourism offering and reinforce our position as a leading destination.”
“This project represents a milestone for Midad, allowing us to bring the Four Seasons experience to one of Saudi Arabia’s most significant heritage destinations. We are excited to deliver a development that exemplifies design excellence, world-class service, and enduring value, while actively contributing to the Kingdom’s tourism, cultural, and economic ambitions.” said Abdulelah bin Mohammed Al Aiban, President of Midad Real Estate.
Jerry Inzerillo, Group CEO Diriyah Company, commented: “The Four Seasons Hotel Diriyah will be one of our largest luxury hotels and we are proud to announce this joint development agreement with Midad, one of the Kingdom’s leading real estate developers. This agreement reflects our ongoing commitment to enabling Saudi partners to participate in Diriyah’s transformational journey and underscores Midad’s confidence in the opportunities the project presents.”
Part of nearly 40 luxury hotels across Diriyah’s masterplans, the highly anticipated project reinforces Midad Real Estate’s expertise in high-end, transformative hospitality and residential developments, shaping the Kingdom’s luxury real estate landscape.
REAL ESTATE
Tiger Properties has launched Tiger Downtown Ajman, a USD 10 billion lagoon-front “city within a city” in Al Alia, and opened bookings for Phase 1.
AJMAN, DUABI, UNITED ARAB EMIRATES,
January 7, 2026
Tiger Properties has announced the launch of Tiger Downtown Ajman, a lagoon-front master community in the Al Alia district of Ajman with an estimated development value of around USD 10 billion, and confirmed that bookings are now open for Phase 1, Orchid Towers.
Planned as a “city within a city,” Tiger Downtown Ajman spans approximately 5 million square meters of built-up area, organized around a central lagoon, promenades, residential towers, and mixed-use buildings. The master plan provides for 76 buildings, including 20 lagoon-front structures, alongside retail and commercial components that are intended to support long-term economic activity in the district.
Phase 1, Orchid Towers, is the first residential release within the development. The cluster comprises six towers offering fully furnished studios, one, two, and three-bedroom apartments, duplexes, and a limited number of penthouses. Apartments are being introduced with a 70/30 payment structure, under which 70 percent of the price is payable during construction and 30 percent after handover through scheduled installments. Current pricing for entry-level units in Orchid Towers starts from approximately AED 420,000.
On the launch event, Eng. Amer Waleed Al Zaabi, CEO of Tiger Properties, said:
“Tiger Downtown Ajman represents a significant long-term investment in an emirate that is seeing steady growth in both resident demand and investor interest. By combining a lagoon-front setting, community infrastructure, and a structured payment plan, we are offering buyers a way to participate in the UAE’s real estate story with a clear framework and a defined delivery horizon.”
The central lagoon, which covers roughly 13,795 square meters with a water edge of around 375 meters, is one of the defining features of the project. Engineering and excavation works for the lagoon are scheduled to proceed in parallel with the construction of Orchid Towers so that the waterfront is integrated into the living environment as the community comes on line.
Beyond residential stock, Tiger Downtown Ajman will include:
• More than 25 community amenities, including lagoon-view pools, sports courts, a multi-purpose dome, outdoor cinema and amphitheater-style spaces, children’s play areas, and landscaped parks.
• External and internal jogging tracks, elevated walkways, and linear green corridors to support walkability across the site.
• Approximately 77,000 square meters of retail and around 41,000 square meters of commercial space, designed to house shops, cafés, restaurants, offices, and essential services.
Handover for Orchid Towers is currently targeted for the fourth quarter of 2028, with subsequent phases expected to add further lagoon-front residences and community infrastructure in line with the overall master plan.
About Tiger Properties
Tiger Properties is the real estate development arm of Tiger Holding, established in the UAE in 1976. The company has delivered more than 270 residential and commercial projects across multiple emirates and continues to focus on communities that combine urban convenience, contemporary design, and long-term value for domestic and international investors.
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