logo
LMD UAE launches AED 400 million Taiyo Residences in Dubai during International Property Show 2025 - Middle East Business News and Information

LMD UAE launches AED 400 million Taiyo Residences in Dubai during International Property Show 2025 - Middle East Business News and Information

Mid East Info16-04-2025
Located at Wasl Gate, the residential project is set for handover in Q1 2028
Dubai, UAE: LMD, a real estate developer with a diverse portfolio spanning the UAE, Egypt, Spain, and Greece, today unveiled Taiyo Residences in Dubai during the International Property Show 2025.
Built around the philosophy of light and space, the AED 400 million residential development located at Wasl Gate is slated for handover in Q1 2028. The concept of 'Designed by Light' drives the architectural vision of the project, with every detail meticulously crafted to harness the power of natural illumination. This design approach fosters serene, tranquil living environments where light seamlessly integrates with space, enhancing the overall resident experience.
Commenting on the launch, Hamad Al Abbar, Managing Partner of LMD UAE stated: 'Taiyo Residences goes beyond real estate. It's a lifestyle sculpted by light. We are thrilled to introduce a project that offers premium living spaces while fostering a sense of connection and community. With its thoughtful design and integration of both outdoor and indoor amenities, Taiyo symbolizes our commitment to providing spaces that enhance both well-being and quality of life.'
Taiyo Residences features 379 thoughtfully designed units, including studios, one-bedroom, two-bedroom, and three-bedroom apartments. The design impeccably blends both indoor and outdoor spaces, ensuring year-round comfort and convenience for residents.
A wide range of amenities is available to support every aspect of modern living, from fitness and wellness to recreation and relaxation. Residents can enjoy state-of-the-art indoor and outdoor gyms, a lap pool, a beach pool, and a kids' pool, a kids' area as well as an outdoor martial arts studio and a paddle court.
For socializing and entertainment, the development offers a BBQ area, gaming lounge, table tennis, billiards, and a PlayStation zone. In addition, dedicated wellness spaces include co-working areas, a quiet zone, reading lounges, and a coffee bar, all designed to enhance the resident experience.
Taiyo Residences offers excellent proximity to key destinations. Residents can easily reach the Energy Metro Station, Festival Plaza, mosques and churches in just 2-5 minutes. For those driving, major attractions such as Ibn Battuta Mall, Palm Jumeirah, Dubai Marina, and Mall of the Emirates are just 5-10 minutes away, providing convenient access to shopping, entertainment, and leisure.
Ascending with quiet confidence, Taiyo Residences' façade is an impressive display of thoroughly crafted elegance. Its subtle interplay of glass, steel, and earth tones hints at the bespoke world within, earning it the distinction of being a precursor to a curated lifestyle. Floor-to-ceiling windows reflect the changing hues of the sky, while spacious balconies in the distance extend an invitation to step out and soak in breathtaking panoramic views.
Visit LMD UAE at the International Property Show 2025, Dubai World Trade Centre from April 14 to 16 — Sheikh Saeed Hall 2, Booth B40 — to explore Taiyo Residences and other projects.
About LMD:
Founded in 2007, LMD has redefined the real estate landscape with transformative residential and commercial projects across Dubai, Egypt, Spain, and Greece. With a commitment to community-centric experiences and innovative design, LMD has taken conventional real estate norms to the next level, delivering iconic mixed-use developments and unparalleled living spaces.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

e&'s Monitoring-as-a-Service offers UAE businesses real-time infrastructure visibility and resilience - Middle East Business News and Information
e&'s Monitoring-as-a-Service offers UAE businesses real-time infrastructure visibility and resilience - Middle East Business News and Information

Mid East Info

time2 hours ago

  • Mid East Info

e&'s Monitoring-as-a-Service offers UAE businesses real-time infrastructure visibility and resilience - Middle East Business News and Information

Dubai, August 2025 – e& has launched Monitoring-as-a-Service (MaaS), a groundbreaking solution set to redefine infrastructure monitoring in the UAE. By enabling a new level of operational visibility and proactive management, MaaS empowers businesses across industries to ensure seamless, uninterrupted operations and greater control over their network environments. Hamad AlMarzooqi, Senior Vice President of Presales & Business Operations, e& UAE, said: 'e& has taken deliberate steps to build the capabilities required to lead the Managed Services space in the UAE. This journey has spanned every dimension necessary to deliver a benchmark MSP model for our customers. We have made substantial investments in both talent and technology to develop a robust portfolio of services across multiple domains, including the rapidly expanding Monitoring-as-a-Service. Our commitment remains clear: to provide intelligent, future-ready solutions that evolve in step with our customers' needs.' Monitoring-as-a-Service significantly enhances customers' ability to ensure business continuity by providing complete observability over their infrastructure environments. The service is managed end-to-end by e&'s experienced technical teams, who ensure clear, real-time visibility into infrastructure health. This enables clients to detect issues early, make informed decisions about resource allocation, and sustain reliable operations across their environments. Organisations across the UAE can now access a fully managed monitoring solution built to reflect the specific demands of their industry. What distinguishes this MaaS offering is its flexible, modular approach, delivered through targeted partnerships that align with the needs of different sectors. This ensures each client benefits from a solution that is both comprehensive and contextually relevant to their operations. The launch of Monitoring-as-a-Service reflects e&'s commitment to delivering practical, forward-looking solutions that strengthen operational resilience. By helping organisations maintain continuity, reduce risk, and gain deeper infrastructure insights, MaaS supports businesses across the UAE in navigating complexity with confidence. About e&: e& is a global technology group committed to advancing the digital future across markets in the Middle East, Asia, Africa and Europe. With the group's financial performance in 2024 showing a consolidated revenue of AED 59.2 billion and a net profit of AED 10.8 billion, e& continues to maintain its position as a financial powerhouse, reflected by its strong credit rating and solid balance sheet. Founded in Abu Dhabi over 48 years ago, e& has evolved from a telecom pioneer into a technology group. Its footprint now spans 38 countries, offering a comprehensive portfolio of innovative digital services ranging from advanced connectivity, entertainment, streaming and financial services to AI-powered solutions, cloud computing, ICT, cybersecurity and IoT platforms. The Group is structured around five core business pillars: e& UAE, e& international, e& life, e& enterprise and e& capital, each catering to distinct customer and market needs. These pillars empower e& to lead in various sectors, from telecom and digital lifestyle to enterprise services and venture investments. The ongoing strategic investments in AI, IoT, 5G and cloud services reinforce its leadership in the global technology landscape, driving the future of smart connectivity and innovation. Driven by innovation, sustainability and a commitment to digital empowerment, e& is set on creating a smarter, more connected future for individuals, businesses and communities.

Tuum Selected by Uptex Bank to Power E-Banking Expansion in Middle East and Africa - Middle East Business News and Information
Tuum Selected by Uptex Bank to Power E-Banking Expansion in Middle East and Africa - Middle East Business News and Information

Mid East Info

time2 hours ago

  • Mid East Info

Tuum Selected by Uptex Bank to Power E-Banking Expansion in Middle East and Africa - Middle East Business News and Information

Dubai, UAE – August 13, 2025 – Tuum, the leading next-generation core banking provider, has been selected by Oliver Business Development (OBD) Holding to power its newly licensed e-banking services in the Middle East and Africa (MEA) called Uptex Bank. The partnership marks Tuum's first customer in the Middle East and reinforces its strategy to support innovation-led financial institutions in fast-growing, regulated markets. Following the recent acquisition of its e-banking license, OBD is launching Uptex Bank, a suite of digital wallet and payment services designed to unify its growing financial ecosystem. This includes Uptex Broker, a forex and CFD broker in MEA, and Rizzbees, its EU-licensed Crypto Exchange Platform. The new proposition will run on Tuum's modular, cloud-native core, deployed via AWS in Europe and purpose-built for scalability, compliance, and rapid go-to-market. Uptex Bank was looking for a partner who could help them deliver a Minimum Viable Product (MVP) in a very short timeframe without compromising on scale or regulatory readiness. Tuum's approach as a true partner, rather than a vendor, was key to making this possible. 'We're building a unique e-money proposition that brings together traditional and next-gen financial services into one seamless ecosystem,' said Archie Sol, Chief Marketing Officer. ' Tuum stood out as the platform to help us achieve this vision. From their sleek technology to the responsiveness of their team, it was clear that they're not just a vendor—they're a partner. With Tuum, we're not only launching fast, we're building for scale. Uptex Bank is built for people tired of the old way banks treat them. From Gen Z and digital-first users to everyday customers seeking something faster, fairer, and more intuitive. With Tuum's flexible, API-first platform, we're creating a banking experience that's modern, human, and built for how people live now, not how banks used to operate.' Crucially, Tuum's API-first infrastructure allows Uptex Bank to seamlessly integrate its new e-banking services with its existing brokerage and crypto exchange, enabling a unified, interoperable financial environment across its brands. The solution is fully aligned with Oman's regulatory framework, including requirements from the Central Bank of Oman and the Capital Market Authority. Tuum's technology will also enable OBD to support digital wallets and multi-currency payments (USD, EUR, GBP, AED, OMR, SAR) from day one. The group expects to onboard more than 50,000 users in its first year, with millions of transactions anticipated across its fintech portfolio. Uptex Bank selected Tuum through a competitive process, with speed, scalability, and regulatory readiness emerging as key differentiators. With an MVP launch planned within months, Tuum's ability to move fast while delivering enterprise-grade control gave Uptex Bank the confidence to move forward. Beyond the core platform, Tuum also worked closely with Uptex Bank to bring together the right ecosystem partners for the initiative ensuring each aligned with Uptex Bank's specific use cases and business model. 'This is a landmark win for Tuum,' said Miljan Stamenkovic, Chief Revenue Officer at Tuum. ' It shows the rising demand for modern, modular core banking platforms in the Middle East. OBD is building an ambitious and truly differentiated proposition in Oman and we're proud to provide the infrastructure behind it.' -Ends-

Al Ansari Financial Services' H1 2025 operating income increases by 13% to a record AED 638 million - Middle East Business News and Information
Al Ansari Financial Services' H1 2025 operating income increases by 13% to a record AED 638 million - Middle East Business News and Information

Mid East Info

time7 hours ago

  • Mid East Info

Al Ansari Financial Services' H1 2025 operating income increases by 13% to a record AED 638 million - Middle East Business News and Information

H1'25 Financial and Operational Highlights 13% YoY increase in Operating Income to AED 638 million attributed to the consolidation of BFC Group results from Q2 2025 (post acquisition) and the robust performance across the majority of business lines. Operating Income 11% YoY increase in EBITDA to AED 287 million with an EBITDA Margin of 45% due to increase in operating income. EBITDA Net profit after tax increased by 3% YoY to AED 212 million due to the increase in operating income arising from the consolidation of BFC Group results, offset by the increase in finance cost as a result of the shareholder's loan availed for the BFC acquisition. Total Transactions increased by 10% YoY to 28 million transactions. Outward Remittances value of transactions saw a 12% increase YoY. Bank Notes value of transactions reported a 105% increase YoY. Wage Protection System (WPS) number of salary disbursals saw a growth of 25% YoY . . Digital channels reported an increase of 30% YoY in the number of transactions, accounting for 23% of the overall outward remittances. Expansion in line with the Group's strategy and ambition, solidifying its market leadership position and regional plans. The Group's total number of physical branches reached 439 in H1'25, with Al Ansari Exchange reaching a total of 274 branches in UAE, as a result of 15 net new branches since H1'24 and 165 net branches acquired as part of BFC, across Bahrain, Kuwait and India. Al Ansari Exchange in Kuwait acquisition formalities is expected to be completed by the end Q3'25 (subject to regulatory approvals). Al Ansari Digital Wallet is set to be launched in Q3'25. Dubai, UAE – August 2025: Al Ansari Financial Services PJSC (DFM: ALANSARI) ('the Group'), the largest non-banking financial institution and services provider in the GCC, has delivered a resilient and record breaking performance in the first half of 2025 ('H1'25'), reporting a 13% year-on-year (YoY) increase in operating income to AED 638 million, attributable to the consolidation of BFC Group results from Q2 2025 and the strong performance across the majority of business lines. This growth, achieved despite persistent geopolitical headwinds, reinforces the Group's resilience, market leadership and the success of its long-term strategy to drive sustainable growth by capitalising on the UAE's and wider GCC's robust economic momentum. Financial Highlights: In AED thousands (unless otherwise stated) H1'25* H1'24 % change (YoY) Q2'25 Q2'24 % change (YoY) Operating Income 638,364 567,055 +13% 344,160 292,329 +18% EBITDA 287,051 257,917 +11% 149,386 135,502 +10% EBITDA Margin (%) 45.0% 45.5% 43.4% 46.4% Net Profit after Tax 212,244 205,476 +3% 103,390 106,732 (3%) Earnings per Share 0.0283 0.0274 +3% 0.0138 0.0142 (3%) Free Cash Flow (FCF) 269,790 242,019 +12% 137,213 127,181 +8% Operational Highlights H1'25* H1'24 Change (unit) (YoY) No. of physical branches 439 259 180 net branches since H1'24 Total No. of transactions 27.6 mn 25.0 mn +10% * H1'25 figures include BFC Group results H1'25 FINANCIAL PERFORMANCE COMMENTARY Operating Income demonstrated an increase of 13% YoY driven by the consolidation of BFC figures and robust performance across most of the business lines. EBITDA witnessed a sizeable 11% growth YoY, with EBITDA margin remaining consistent at 45%, despite a complex operating environment characterised by increased costs and geopolitical tensions in the region. Net profit after tax increased by 3% YoY, as a result of the increased finance costs for the acquisition loan, despite the sizeable uptick in operating income arising from the consolidation of BFC results. H1'25 OPERATIONAL PERFORMANCE COMMENTARY The total number of transactions grew by 10% compared to the same period last year, reaching 28 million transactions. The market continues to witness pressures from key remittance corridors as well as certain fintech practices and ongoing geopolitical tensions, which have weighed on remittance income. Despite these headwinds, Remittance Operating Income rose by 2% YoY, reflecting the Group's robust fundamentals and market adaptability. Although geopolitical tensions in certain markets have exerted pressure on the banknotes business, the Group demonstrated resilience in this segment, reporting a substantial 26% YoY increase in Banknotes Operating income. Strategic partnerships, strong overall performance and increased demand on our prepaid cards, the consolidation of BFC figures and the GCC's surge in tourism enabled us to navigate disruptions and to continue to meet and exceed customer expectations. The Group's WPS and Other Products & Services business delivered impressive growth, with operating income increasing by a robust 36% YoY. This growth was driven by the GCC's expanding labour market and ongoing infrastructure and development projects. As more employers prioritise compliance and timely salary disbursements, demand for secure, efficient payroll solutions remains strong. The Group's continued investment in digital innovation is yielding strong results, with a notable 30% YoY increase in the number of transactions conducted through its digital channels, constituting 23% of the total outward remittance transactions. This growth reflects the accelerating adoption of our digital platforms, as more customers choose the convenience, speed, and reliability of our online and mobile services. The uptick in usage is a direct outcome of our commitment to deliver a seamless and intuitive customer experience — one that builds trust and encourages long-term digital engagement. As we advance our digital transformation strategy, these early adoption trends position us well for scalable growth and deeper customer connectivity in the quarters ahead. Commenting on the results, Rashed A. Al Ansari, Group CEO of Al Ansari Financial Services, said: 'We continue our strong momentum in the first half of 2025, building upon our positive first-quarter results coupled with the consolidation of BFC results into the Group during the second quarter. Despite the ongoing geopolitical challenges and fierce competition, we achieved solid growth across our business segments through our focus and discipline on execution and customer experience. Our results are a testament to the strength of our business model, the trust of our customers, and our commitment to delivering accessible, technology-driven financial solutions. We continue to successfully grow our customer base and market share, underscoring the resilience of our brand. The continued growth in digital transactions reflects our increased efforts to drive innovation and expand access to essential financial services. Our performance across business units reinforces our central role in advancing financial inclusion and supporting the diverse needs of individuals and businesses in the UAE, the GCC and beyond. Through the acquisition of BFC Group, we have delivered on our promise, of expanding our footprint beyond UAE, where we are already the undisputed market leader. Our strategic growth initiatives and recent acquisition are designed to future-proof the company, positioning us for success in an evolving financial landscape. In addition, we have begun integrating AI into our systems, and the early results have been promising and have exceeded initial expectations . As we look ahead, we remain deeply aligned with the UAE's and the GCC's overall vision for a digitally empowered and inclusive economy. We will continue investing in technology, focusing on customer experience, and pursuing sustainable growth that delivers long-term value to our shareholders, customers, and the communities we serve.' Mohammad Bitar Deputy Group CEO of Al Ansari Financial Services, added: 'H1 2025 was defined by robust operational execution across the Group, as we focused on strengthening service delivery, driving efficiency and preparing for future growth initiatives. We achieved notable improvements in customer engagement as well as process optimisation across both our physical and digital avenues. A key milestone was the consolidation of the BFC acquisition into the results of the Group, which marks a crucial step forward in our growth strategy. This acquisition is crucial for the Group as it expands our geographic reach and enhances our ability to serve a wider and larger customer base with greater scale and capability. We are also on the verge of launching our much-anticipated digital wallet—a market-changing innovation that promises to revolutionise the way our customers manage their finances. Designed with accessibility and ease-of-use in mind, the wallet will empower customers to store, send, and spend money more conveniently and securely than ever before. We remain focused on seamless integration, operational excellence, and value add opportunities that will reinforce our market leadership in the sector.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store