
Imtiaz continues delivery streak with handover of Westwood Grande II residence
,
one of Dubai's leading luxury real estate developers, has announced the successful handover of Westwood Grande II, a contemporary residential development offering fully furnished studio and one-bedroom apartments.
The handover was attended by senior officials from the Dubai Land Department and prominent figures from the real estate sector, marking another on-schedule delivery in line with the developer's consistent track record.
Westwood Grande II, located in Jumeirah Village Circle, exemplifies Imtiaz's design-first philosophy, with every residence offering spacious layouts, premium branded finishes, and integrated smart home systems. The project features a range of upscale amenities including a rooftop swimming pool with skyline views, a modern fitness centre, tranquil landscaped gardens, and an exclusive club room for residents.
'Westwood Grande II highlights our continued drive to deliver projects that go beyond construction—offering thoughtfully designed spaces that elevate everyday living. Every detail reflects our promise to create lasting value for our customers and for the city of Dubai,' Masih Imtiaz, CEO of Imtiaz Developments, stated.
With over 40 projects currently under development and more than Dhs10bn in sales, Imtiaz Developments is actively expanding across key districts including Dubailand, Dubai Islands, and Meydan. The company remains committed to building communities that combine architectural distinction with enduring lifestyle and investment value.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Tahawul Tech
7 minutes ago
- Tahawul Tech
e& reports 60.7% increase in consolidated net profit, reaching Dh8.8 billion in H1 2025
Abu Dhabi — e& today announced its consolidated financial results for the first half of 2025, reporting continued growth momentum and strategic progress across its business pillars. e&'s performance reinforces the Group's position as a global technology leader, driving digital transformation at scale across regional and international markets. Consolidated revenue increased to Dh34.9 billion, representing a year-over-year growth of 23.3 per cent compared to H1 2024. Consolidated net profit in H1 rose to AED 8.8 billion, up 60.7 per cent from the previous year. EBITDA in H1 reached Dh 15.4 billion, a YoY increase of 18.8% with EBITDA margin of 44.1 per cent. The Group's subscriber base grew to 198 million globally, marking a 13.1 per cent increase year-over-year. H.E. Jassem Mohamed Bu Ataba Alzaabi, Chairman, e&, said, 'In the first half of 2025, e& continued to strengthen its leadership position, driven by its strategic investments and robust business model. Our continued strong performance reflects our commitment to long-term value creation, with major milestones reflecting the Board's strategic foresight. 'In H1, e& continued its growth trajectory, delivering consolidated revenue of Dh34.9 billion—a year-on-year increase of 23.3 per cent—and achieving consolidated net profits of Dh8.8 billion, up 60.7 per cent compared to the same period last year. Alongside our outstanding financial performance, we maintained our focus on bringing the latest technologies to best serve our customers. We launched the UAE Sovereign Cloud Launchpad alongside AWS and the UAE Cybersecurity Council. This landmark initiative advances national priorities around digital sovereignty, secure AI, and cloud innovation, and is set to unlock enduring value for the nation's digital economy. 'Thanks to the UAE's visionary leadership that inspires us, e& will continue enabling the knowledge economy with responsibility and ambition. We remain committed to shaping resilient, inclusive, and innovation-led societies across the markets we serve.' In the UAE, e& UAE subscribers reached 15.5 million, driven by rising demand for advanced connectivity solutions, AI-powered services, and tailored digital experiences that address the evolving needs of both individuals and businesses. Hatem Dowidar, Group Chief Executive Officer, e&, said: 'e& delivered strong performance in the first half of 2025, reflecting our agility, innovation, and ability to scale. We preserved the momentum witnessed across our different verticals. Our diverse revenue streams enabled the group to drive financial success and deliver robust operational growth. Revenues in Q2 and H1 increased by 28.1 per cent year-over-year to Dh 18.0 billion and by 23.3 per cent to Dh34.9 billion, respectively. Our EBITDA grew by 18.8 per cent to Dh15.4 billion in the first half. These results demonstrate the strength of our transformation strategy and our continued focus on operational excellence and value creation. 'We achieved a series of strategic milestones, including the divestment of Khazna and partial divestment of Airalo during the first half of the year, which enhanced our financial flexibility. In parallel, we introduced the UAE Sovereign Cloud Launchpad, reinforcing our focus on secure, sovereign AI solutions. We also became one of the first companies to earn the 'Tier S' designation under the Dubai AI Seal, a top-level recognition of our leadership in responsible AI development and deployment. Additionally, we advanced our international footprint through the acquisition of Serbia Broadband, while our collaboration with Qualcomm is accelerating 5G evolution and edge AI integration across key industries. 'Our progress was further recognised internationally, with e& named the world's Fastest Growing Brand by Brand Finance. This recognition reflects our bold ambition, customer-centric innovation, and growing global presence. As we look ahead, we remain focused on enabling future technologies and delivering lasting impact across the communities we serve.'


Khaleej Times
37 minutes ago
- Khaleej Times
Arada targets Dh15b in 2025 sales amid soaring demand for premium homes
Arada is forecasting a record-breaking year in 2025, setting its sights on Dh15 billion in full-year sales as demand for high-end residential property continues to gain momentum across the UAE. The Sharjah-based master developer reported Dh9.15 billion in sales during the first half of the year, more than tripling its performance from the same period in 2024 and marking a 336 per cent year-on-year increase. The strong half-year results were driven by a surge in interest in Arada's communities in both Dubai and Sharjah, where a total of 2,382 homes were sold during the first six months of 2025 — up 247 per cent from the same period last year. Among the top-performing projects were Akala, a wellness-focused residential destination launched in Dubai in May, and Masaar 2 in Sharjah, a 2,000-unit villa and townhouse development that sold out within three hours of its February launch. Buoyed by this momentum, Arada aims to launch three more large-scale developments before the end of 2025, adding nearly 5,000 new homes to its growing portfolio. The developer is also on track to deliver 2,000 completed homes by year-end, reflecting a balanced focus on both off-plan sales and project handovers. Property market experts said Arada's projected sales target of Dh15 billion would mark its highest annual sales figure since inception—underscoring both the brand's market positioning and the sustained strength of the UAE's property sector. Prince Khaled bin Alwaleed bin Talal, executive vice chairman of Arada, attributed the company's success to its long-term vision and commitment to building people-centric communities. 'We have always believed that when people and spaces connect with purpose, the results can be transformational,' he said. 'The exceptional performance we've seen in the first half of the year proves that a people-first strategy delivers consistent and meaningful value for residents and investors.' Group CEO Ahmed Alkhoshaibi said Arada's growth strategy includes both domestic and international expansion. 'We're building on the excellent sales results from the first half by introducing new projects across the UAE in the second half of the year. At the same time, we're preparing to launch our first ventures in Australia, and continue to explore new partnerships and opportunities globally.' Earlier this month, Arada further strengthened its financial base by successfully completing a $450 million sukuk issuance, its second visit to global debt capital markets in recent years. The company's strong performance is aligned with broader trends in the UAE property market. In Sharjah, the value of property transactions rose by 48 per cent in the first half of 2025 to Dh27 billion, according to figures from the Sharjah Real Estate Registration Department. In Dubai, real estate sales reached Dh431 billion over the same period, up 25 per cent year-on-year, reflecting the city's continued appeal to both regional and international buyers. Since its founding in 2017, Arada has launched nine major projects in Sharjah and Dubai and currently holds a pipeline of developments in the UAE and Australia valued at more than Dh90 billion. To date, the company has sold over 17,000 residential units valued at more than Dh29 billion and has completed more than 10,000 homes.


Khaleej Times
an hour ago
- Khaleej Times
UAE: Soon, pay digitally in stores, give pocket money online with Digital Dirham
UAE residents and visitors will soon be able to pay friends, give pocket money to children and shop at commercial outlets completely digitally. The Digital Dirham project, which will be a digital alternative to physical money, will make financial dealings easy and seamless. This is according to a report published by the Central Bank of UAE (CBUAE) on the project. Although a date has not been specified as to when the project will be rolled out, the issuance of the Digital Dirham is expected to take place in the last quarter of the year 2025 for the retail sector. Once launched, the Digital Dirham will be an alternative to physical money and can be used for a wide range of payments, including online, in-store, commercial payments and transactions between people. Stay up to date with the latest news. Follow KT on WhatsApp Channels. The CBUAE has also developed a comprehensive platform for issuing, trading, and using the digital dirham, including the digital wallet, which enables individuals and businesses to conduct financial transactions. Use cases The report highlights that as part of the retail project, the CBUAE tested four digital economy use cases to assess the feasibility and effectiveness of the Digital Dirham. These use cases included fractional ownership of tokenised assets, a smart tourist wallet, smart social benefit payments, and a parent-child sub-wallet. In the social benefits use case, the Ministry of Community Development (MOCD) distributed food subsidies via programmable Digital Dirham. The MOCD could programme where the amount could be spent and monitor the distribution and usage of government benefits in real time. The CBUAE created a prototype Digital Dirham App, which allowed users to select their wallet provider, conduct payments, top up their accounts, acquire the currency, redeem it, and carry out specified use cases. Gradual introduction The Digital Dirham will be gradually introduced with a detailed implementation plan and policy guidance. This phased rollout will ensure secure adoption and building trust. Within the UAE, it will be a non-interest-bearing central bank digital currency (CBDC) and people will be encouraged to use it primarily as a means of payment rather than a substitute for savings. It will be fully fungible with other forms of the dirham like cash and deposits. The retail Digital Dirham will also support peer-to-peer (P2P), online and in-store payments, business-to-consumer (B2C), business-to-business (B2B), and government-to-consumer (G2C) transactions. As part of the second phase, the CBUAE is exploring developing other cross-border CBDC arrangements. The CBUAE will collaborate with other central banks, foreign and domestic commercial banks, industry partners like exchange houses and international bodies to ensure interoperability and connectivity. Report The report further reviews the key achievements of the project to date and gives an analysis of the ongoing research and development, as the CBUAE moves towards officially launching the national CBDC. It highlights the design principles and policy frameworks that have shaped the development of the Digital Dirham. These steps ensure that the currency remains secure, reliable and easy to use, in line with best practices and standards issued by the International Monetary Fund (IMF) and the Bank for International Settlements (BIS). The report outlines the capabilities of Digital Dirham and its role in driving innovation and financial inclusion. It will give access to those who are unbanked and non-residents in the UAE, improving speed of transactions and increasing the efficiency of payment systems through features such as offline usability, smart contracts and cross-border transactions.