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Khaleej Times
27 minutes ago
- Khaleej Times
The rise of 'Lifestyle Districts': How mixed-use communities are shaping UAE real estate
The UAE is witnessing a significant shift in how people live, work, and connect. Traditional models marked by long commutes, fragmented neighborhoods, and disconnected daily routines are rapidly giving way to a new urban paradigm — lifestyle districts. These thoughtfully planned, mixed-use communities seamlessly integrate residential, commercial, and recreational spaces within a cohesive environment. Far more than real estate developments, they embody a modern approach to living that prioritises convenience, sustainability, and a strong sense of community. In recent years, mixed-use developments have emerged as a defining trend in the UAE's dynamic property market. Driven by urban growth and evolving consumer expectations, these integrated communities are reshaping the fabric of daily life. By offering essential amenities—such as workplaces, retail outlets, dining venues, and leisure facilities within walkable distances, lifestyle districts significantly reduce the need for extensive travel, enhancing both efficiency and quality of life for residents. Evolving Lifestyle Demands Ali Al Gebely, Founder and Chairman of One Development, highlights how DO Hotels & Residences Dubai Islands responds to these modern demands: 'Today's residents and travelers seek more than just a place to live or stay, they seek dynamic, holistic experiences that seamlessly blend comfort, convenience, and community.' He adds, 'This hospitality development reflects these evolving expectations by offering curated experiences and thoughtful design that respond intuitively to the UAE's cosmopolitan rhythm, delivering seamless living that feels personal yet expansive.' Every element at DO Dubai Islands is carefully crafted to anticipate and celebrate the diverse needs of modern urbanites — whether it's the fast-paced schedule of a busy professional or the quiet moments of a family evening. According to Al Gebely, 'DO Dubai Islands is a living reflection of the UAE's vibrant diversity, creating spaces where every element is in harmony with you.' Similarly, Tilal Al Ghaf sets a benchmark for integrated community living that caters to the nuanced lifestyle needs of today's urban dwellers. Ahmed El Shamy, CEO of Majid Al Futtaim Properties, describes the vision behind the project: 'Tilal Al Ghaf was envisioned as more than just a residential project; it is a response to the growing demand for authentic, sustainable, lifestyle-driven community living.' He explains that residents in the UAE now seek environments fostering wellbeing, human connection, and belonging, beyond just physical comfort. 'From walkable neighbourhoods and abundant green spaces to waterfront living and curated retail and dining experiences, Tilal Al Ghaf has been purposefully designed to meet the needs of today's families, residents, and the future of integrated urban living,' says El Shamy. Tilal Al Ghaf embodies the aspirations of a diverse and globally minded population, valuing balance between work, leisure, and family life within a consciously planned setting. El Shamy emphasises, 'At Majid Al Futtaim, we believe in creating destinations that go beyond bricks and mortar, places that resonate with the values of modern consumers, offering experiences that foster connection, purpose, and a genuine integration into their surroundings.' Shaping Intelligent Communities Innovation in design and smart infrastructure is revolutionising how mixed-use communities come to life, shaping environments that are both intelligent and deeply connected to the needs of modern living. Al Gebely emphasises that 'Innovation is at the core of our vision. By integrating advanced AI technologies into design and infrastructure, we create communities that are not only smart but truly intelligent.' He explains that this approach guides every design decision, crafting flexible spaces that evolve alongside shifting lifestyles and fostering connectivity that 'keeps everyone and everything in perfect sync.' The outcome, he says, is a community that 'feels alive, intuitive, and in tune with the modern world.' Echoing this transformative vision, El Shamy highlights the UAE's leadership in reimagining urban life through smart city principles. 'At Majid Al Futtaim, we view innovation not as an add-on, but as a core enabler of better living,' he asserts. His team designs communities aligned with contemporary mobility needs, bolstered by 'data-driven infrastructure and digital platforms that make daily life more seamless, intuitive, and connected.' But innovation, Shamy stresses, goes hand in hand with sustainability. 'We design with intent, ensuring our destinations meet the highest global standards, including BREEAM and LEED certifications,' he notes, citing the Net Positive Mosque at Tilal Al Ghaf—a regional first that generates more energy than it consumes as a powerful symbol of their climate-conscious ambition. Designing Communities That Feel Like Home In today's fast-paced urban world, the concept of community living has evolved far beyond shared spaces and familiar faces. Developers are now tasked with creating environments where a genuine sense of belonging is not only encouraged but seamlessly woven into daily life. For Al Gebely, belonging begins with thoughtful design. 'We believe that true belonging comes from thoughtfully designed spaces where people naturally come together — not because they must, but because the environment invites them to,' he explains. From early morning padel matches to afternoons spent along the beach or marina front, and evenings echoing with children's laughter in lush parks, the rhythm of community life is carefully curated. 'Every space is curated to bring people closer,' he adds. With wellness centers that nurture both body and mind, and coworking hubs that fuel creativity and collaboration, One Development ensures every lifestyle offering supports the diverse rhythms of modern life. Similarly, Majid Al Futtaim Properties is placing people at the core of its communities by championing inclusivity and purpose-driven living. 'Creating a sense of belonging starts with understanding the diverse aspirations of the people who call our communities home,' says El Shamy. The group integrates social interaction, cultural expression, and wellness into the everyday, offering everything from vibrant events and well-being initiatives to partnerships with institutions like the Royal Grammar School Guildford Dubai. 'We ensure every resident, from young families to professionals and retirees, can find their place,' El Shamy notes. Even more crucially, residents are given opportunities to shape their environment. 'We provide platforms for residents to co-create experiences, ensuring the community feels shaped by its people, not just for them.' Shaping the Future of Urban Investment Mixed-use communities are rapidly becoming the cornerstone of modern real estate investment in the UAE, offering not only dynamic living experiences but also sustainable, long-term value for investors. According to Al Gebely, lifestyle districts thrive because they 'offer investors the strength of diversity and balance.' He explains, 'By integrating residential, commercial, and leisure spaces, these districts create resilient ecosystems that attract a broad spectrum of people and businesses, thereby mitigating risks and enhancing long-term returns.' For forward-thinking investors, such developments align seamlessly with the UAE's national vision, where sustainability, smart cities, and future-readiness transcend buzzwords to become tangible realities. 'Investing in these developments means investing in a future where lifestyle, convenience, and innovation coexist in perfect harmony,' Al Gebely continues. 'Over the next decade, lifestyle districts will fundamentally reshape the UAE's real estate landscape by redefining urban living experiences. They will serve as cultural and economic hubs, bringing people together and fostering communities built on shared values and meaningful connections.' El Shamy highlights the strong interest that Tilal Al Ghaf has garnered since its inception. 'From its integrated masterplan to its focus on quality of life, the community's steady growth and robust demand reflect a growing appetite for well-executed lifestyle destinations that cater to modern living—not merely as places to reside but as places to invest in both emotionally and financially,' he says. What makes these communities especially appealing is their ability to adapt to evolving expectations of residents and investors alike. El Shamy emphasises, 'As consumer preferences shift toward walkability, wellness, connectivity, and sustainability, mixed-use communities stand out by delivering on all these fronts. They represent holistic ecosystems designed for contemporary lifestyles while offering strong returns and future-proof investment potential.' 'They will set new benchmarks in sustainability, technology, and human-centered design,' Al Gebely adds, 'making cities more livable, inclusive, and inspiring.' El Shamy concludes, 'Over the next decade, lifestyle districts will redefine urban experiences in the UAE, shifting the focus from isolated real estate projects to immersive environments that embody true liveability. As cities pursue ambitious sustainability goals and embrace digital transformation, lifestyle districts will become essential frameworks driving inclusive growth, environmental stewardship, and socio-economic vitality.'
Khaleej Times
27 minutes ago
- Khaleej Times
Enzo Milano Interiors launches digital platform to streamline interior design services in Dubai
Enzo Milano Interiors, a well-established interior design firm in the UAE, has launched a new interactive digital platform aimed at simplifying and enhancing the client experience across its residential and commercial services. The platform enables users to explore design options, engage with consultants, and track project progress in real-time. The newly introduced platform represents a significant step in the firm's efforts to expand accessibility, offering clients the ability to initiate and manage design projects directly through their devices. The online interface provides detailed service modules for residential and commercial interiors, covering spaces such as villas, apartments, offices, salons, cafes, clinics, and retail outlets. In addition, it includes tools for customised furniture, kitchen, and closet design, enabling users to tailor elements according to their spatial needs and preferences. According to the company, the platform is structured to guide users through all key stages of the design process. Starting with an initial consultation and concept development, clients can review layout plans and 3D renderings before execution begins. The process concludes with a formal walkthrough and handover, designed to ensure quality delivery and client satisfaction. "The platform is designed to give clients greater involvement and clarity at every stage of the design journey,' said the founder of Enzo Milano Interiors. 'This launch is not just about digital convenience - it's about making professional interior design more accessible, transparent, and in tune with the expectations of today's homeowners and businesses.' Operating from its headquarters in Bayview Tower, Business Bay, the firm continues to serve clients across the UAE. With its integration of digital tools, Enzo Milano Interiors aims to keep pace with Dubai's evolving urban development and increasing demand for efficient, customised design solutions. With over 15 years of industry experience and a portfolio exceeding 1,000 completed projects, Enzo Milano Interiors has been a notable player in Dubai's design landscape. The platform's launch signals the company's transition from a traditional service model to a more agile, tech-enabled approach, aligning with global trends in design consultancy. By incorporating digital engagement into its core offerings, Enzo Milano Interiors seeks to strengthen client participation while maintaining its design principles of elegance, functionality, and durability.
Fintech News ME
an hour ago
- Fintech News ME
Dubai Financial Market Reports AED 777.1 Million H1 2025 Profit, Up 298%
Dubai Financial Market (DFM) has announced its consolidated financial results for the six months ending 30 June 2025, reporting a net profit before tax of AED 777.1 million, a 298% increase compared to the same period in 2024. The DFM General Index rose by 10.6% during the first half of the year, while total market capitalisation increased by 9.7% year-on-year to AED 995 billion. These gains were supported by local market strength and global interest in resilient, growth-oriented markets. Helal Saeed Al Marri, Chairman of DFM, said: 'DFM delivered a positive performance in the first half of 2025, underpinned by growing market depth and investor engagement. The rise in the DFM General Index, alongside sustained participation from institutional and foreign investors, is set against the backdrop of a dynamic Dubai economy, where record real estate activity, growing hedge fund presence, and increased capital flows have reinforced the emirate's status as a global financial hub.' DFM's consolidated revenue rose 191% to AED 888.9 million, driven by higher operating income, solid investment returns, and one-off income from the sale of an investment property. Operating expenses, excluding tax, were AED 111.8 million, slightly up from AED 110.3 million in the first half of 2024, reflecting ongoing investments in infrastructure and technology. In the second quarter alone, total revenue stood at AED 702.5 million, compared to AED 157.6 million in Q2 2024. Net profit before tax was AED 642.2 million, up from AED 99.8 million a year earlier. Trading activity also increased. The average daily traded value rose 75% year-on-year to AED 692 million, contributing to a total traded value of AED 85 billion in the first half, compared to AED 48 billion in the same period last year. The average number of daily trades rose 37% to approximately 13,900. DFM registered 53,655 new investors in the first half of the year, of which 84% were foreign investors, bringing the total investor base to over 1.2 million. Institutional trading accounted for 71% of total activity, while foreign investors contributed 53% of trading and held 20% of market capitalisation. In June, DFM took part in HSBC's GCC Exchanges Conference in London, which brought together over 300 institutional investors, more than 100 corporates, and all GCC exchanges. Discussions centred on the increasing global interest in the region, including a 33% year-on-year increase in GCC IPO activity during the first quarter of 2025. During the first half of the year, DFM also hosted the initial public offering of Dubai Residential REIT (DUBAIRESI), the first and largest listed residential leasing-focused REIT in the GCC. The offering raised AED 2.145 billion and was significantly oversubscribed, with demand exceeding AED 56 billion. The REIT debuted with a market capitalisation of AED 14.3 billion. DFM also held the third MENA Capital Market Summit in May, which attracted over 1,500 attendees and more than 100 speakers. During the event, DFM launched two AI features in its iVestor app: Smart Disclosures and Financial Summary, aimed at improving access to company data and key financial information. The exchange also continued to enhance its Arena platform, which is designed to broaden capital access and diversify investment opportunities. Dubai's market capitalisation reached AED 995 billion at the end of June, with financials accounting for 40%, real estate 20%, utilities 17%, industrials 12%, communication services 5%, and consumer staples and other sectors making up the remainder.
