Construction begins on $540m Laguna Residence in Dubai
ONE Development has announced the start of construction of the AED2 billion ($540 million) Laguna Residence, its flagship project, with ground being broken just 55 days after the launch. During a commencement ceremony in Dubai's City of Arabia attended by lead consultants, AE7; Project Management Consultants, Mirage Leisure and Development; sub-contractor, Rabat Foundation, and Salama Structural Engineers, structural third-party reviewer, emphasised the project's significant potential and its impact on the future of urban living in Dubai and the region.
Scheduled for completion and delivery in Q4 2027, Laguna Residence will be the region's first fully AI-integrated residential community, redefining modern living with innovative, thoughtfully designed spaces that integrate technology and sustainability, all while prioritising the comfort and needs of residents.
The development will feature iconic twin towers connected by the region's largest podium-level lagoon, surrounded by lush landscapes. By delivering the project on an accelerated timeline, ONE Development demonstrates its commitment to excellence without compromising on quality, solidifying its reputation as a dynamic and trusted leader in the UAE's competitive real estate sector.
Dedication to expedience
Ali Al Gebely, Founder & Chairman of ONE Development, said: 'We are here today celebrating breaking ground on this landmark project only 55 days after its launch. This dedication to expedience solidifies our commitments, not just to excellence in construction and design standards, but also to the community at large. By integrating AI technology as a core value, we are creating a living environment that enhances daily life, offering unparalleled convenience and comfort.
'As we bring this vision to life, we are not only shaping a project but fostering a community that thrives in a space designed for modern living; one that supports the UAE's ambition to lead as a global hub for innovation, sustainability, and quality of life.'
Laguna Residence will offer over 40 world-class amenities designed to promote wellness, cultivate a sense of community and social engagement and provide a diverse range of entertainment options. Units will cater for a variety of lifestyles with a broad range of desirable dwellings, from contemporary studios to sophisticated Skyhomes, all carefully designed to meet the aspirations of discerning residents and investors alike.-- TradeArabia News Service
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Trade Arabia
6 days ago
- Trade Arabia
One Development unveils prime mixed-use project on Dubai Islands
UAE-based One Development has announced the official launch of its prime development - DO Hotels & Residences Dubai - featuring a collection of elegant hotel rooms and spacious well-designed residences along with other key amenities. The DO Hotels & Residences Dubai was unveiled by the developer together with global music icon Amr Diab at a grand ceremony hosted at the Conrad Grand Ballroom on Dubai Islands. It marked the launch of the region's first AI-powered, music-themed boutique hotel under the One/AD brand, marking a flagship destination for this innovative hospitality concept. Integrating bold design, immersive soundscapes, and cutting-edge technology, DO Hotels & Residences introduces a uniquely transformative approach to hospitality, One that harmonizes with the rhythm of life, it stated. Ali Al Gebely, Founder and Chairman of One Development and Vice Chairman of One/AD, Said: "This launch marks a defining moment for us at One Development. It is more than a hospitality project it's a symbol of what the future holds when innovation, art and technology come together." "Partnering with Amr Diab to create an experience where guests can truly 'Live the Beat' reflects our commitment to shaping the next generation of lifestyle destinations, right here in the UAE," noted Gebely. "Every element of Do Hotels & Residences - Dubai Islands is thoughtfully crafted to appeal to adventurous travellers, connoisseurs of a soulful ambiance and those seeking a more permanent, immersive living experience, while enjoying the expansive panoramic sea, city and marina views," he stated. It redefines how people live, stay, and connect, offering a new standard in lifestyle-enhancing travel. "From elegant hotel rooms to spacious, beautifully-designed residences, and with a host of world-class amenities and services on site, every space is designed to be an extension of our guests' aspirations: a place where music is not just heard, it permeates the very fabric of your life, and where our own two fully equipped recording studios keep you in tune with your inner rhythms," he noted. Rooted in Amr Diab's creative vision and ethos of 'Live the Beat,' DO Hotels & Residences delivers a guest experience that merges AI-powered personalization with luxury hospitality, music, wellness and contemporary design.
Trade Arabia
28-04-2025
- Trade Arabia
Dubai Municipality to highlight its tourism projects at ATM
Dubai Municipality is set to showcase its best practices and innovative tourism projects at the 32nd Arabian Travel Market (ATM) 2025, aiming to enhance Dubai's position as a global tourism destination and a hub for the tourism and entertainment industry in a modern and innovative manner, reported WAM. During the exhibition, held at the Dubai World Trade Centre from 28th April to 1st May, Dubai Municipality will present comprehensive insights into its world-class tourism projects, most notably the AED2 billion Therme Dubai, the first of its kind in the Middle East and the tallest in the world. The project will enhance the quality of life in the community and enrich the experience of Dubai's guests by offering a spa and an interactive garden. Therme Dubai also supports the objectives of the Dubai Quality of Life Strategy, which aims to position Dubai among the top 10 cities in quality of life by 2033. In addition, Dubai Municipality is highlighting a comprehensive package of innovative development projects that will transform the design and infrastructure of Dubai's public beaches. These projects will enhance the reputation, attractiveness, and brilliance of Dubai's beaches as leading global destinations, offering integrated tourism options that meet the desires and interests of residents and tourists, enhancing their experience. The Municipality is also showcasing its recreational and sports projects in the emirate's parks and facilities, including the mountain walking trail in Mushrif National Park. The trail, which extends 9.7 kilometres, is the first and longest of its kind in the heart of Dubai. It also includes the Mushrif Hub, a recreational initiative that combines a range of integrated leisure services. The Hatta Mountain Bike Trail, which is 86 kilometres long and features 21 cycling lanes and 17 walking trails, offers a unique tourist experience for visitors, professionals, and adventure enthusiasts. As part of its efforts to enhance the tourist appeal of historical and heritage areas and markets, the Municipality will highlight the historic Deira Souq as a prominent tourist destination in the emirate. It will also develop and modernise the area to preserve its symbolic value and historical significance. This will be achieved through the Heritage and Tourist Trails Project in Deira's Traditional Markets, which extends 1,740 metres in length. Dubai Municipality has equipped the markets with numerous facilities, including a prayer area for women that accommodates the needs of people of determination, innovative umbrellas, lighting, multiple seating areas, and smart bathrooms. It has also developed the courtyards intersecting with the trails by implementing architectural furnishings that reflect the historical character of the area. Bader Anwahi, CEO of the Public Facilities Agency at Dubai Municipality, said, 'The Arabian Travel Market is an exceptional annual event in the tourism and travel sector. Dubai Municipality is participating in this event to showcase its future vision for tourism, which is based on developing pioneering strategic practices and projects that are in line with the concepts of sustainability and innovation, providing advanced levels of quality of life and well-being. This will contribute to making Dubai a leading global tourist destination and consolidating the emirate's cultural and tourism identity, leading to the realisation of its vision of being one of the best cities in the world to live, visit and invest.' He added, 'Designing and developing tourism experiences in Dubai is a key pillar of Dubai Municipality's work. This is achieved through the implementation of innovative projects in its parks and recreational facilities, creating smart, sustainable, and flexible spaces that transform them into integrated and attractive tourist destinations that combine Emirati heritage with modern tourism concepts that meet the aspirations of residents and visitors and enhance their quality of life and well-being.'
Trade Arabia
27-03-2025
- Trade Arabia
EHC Investment acquires Al Fanar Gas Group
EHC Investment, through its energy arm Emirates International Gas (EIG), has announced the full acquisition of Al Fanar Gas Group, Abu Dhabi's largest gas distributor and maintenance provider and one of the most prominent gas service companies across the UAE. This strategic acquisition reinforces EHC's long-term vision for growth, agility, and technological advancement, while strengthening its role in shaping the UAE's evolving energy landscape. It also aligns with EHC's strategic priorities and supports the broader objectives of the UAE Energy Strategy, particularly in advancing infrastructure modernization and enhancing operational efficiency in the gas sector. Recognizing Al Fanar Gas Group's strong market position and growth potential, the acquisition enables EIG to combine decades of technical expertise, nationwide operational infrastructure, and deep market knowledge. This will streamline processes, expand service capabilities, and position EIG to deliver more innovative, efficient, and sustainable gas solutions across the region. In this occasion, Ali Al Gebely, Managing Director and Board Member of EHC Investment, said: 'This milestone reflects our continued commitment to investing in resilient sectors that offer long-term value and strategic relevance. As we expand our energy portfolio, we are guided by a clear vision that focuses on sustainable growth, national priorities, and competitive market fundamentals.' Moustafa Rashad, Chief Executive Officer of EHC Investment, stated: 'This acquisition is more than an expansion of our portfolio; it reflects our vision to play a pivotal role in shaping the future of the UAE's energy landscape. By bringing together the strengths of Al Fanar Gas Group and EIG, we are laying the foundation for a more integrated, resilient, and innovative energy network that supports economic growth and long-term sustainability. We focus on delivering lasting value to our communities and setting new benchmarks for excellence across the energy sector.' Khaled Ben Said, Group Chief Executive Officer of Al Fanar Gas Group, said: 'For over 30 years, Al Fanar Gas Group has been proud to serve as a trusted partner in the UAE's energy sector. This acquisition will allow us to strengthen that commitment while unlocking new avenues for growth and innovation. Together, we can utilize our combined capabilities to expand our reach and to pioneer next-generation solutions that meet the dynamic demands of our clients and contribute to the nation's energy ambitions."
