Zane Developments setting new benchmarks in commercial properties

Khaleej Times

2 days ago

Young energetic entrepreneurs introduce unique architectural designs and innovative concepts in commercial real estate segment
Zane Developments looks set to revolutionise the UAE's commercial real estate market by setting new industry benchmarks through its state-of-the-art projects as the emirate's global business hub status will continue to fuel demand for office, retail and industrial spaces in the coming years, its top officials say.
The Dubai-based developer, which launched its signature commercial project - Monarch by Zane Development, a modern architectural design building with retail shops and office spaces - caught the attention of global investors looking to establish their corporate base or commercial presence in Dubai by owning a property in the emirate.
About 90% of first-of-its-kind commercial development sold out in no time because of its unique design concept, innovative features, and availability of futuristic logistics facilities such as a specified drone delivery area and air taxi landing space, which are subject to the pending approval of the regulators.
Redefining Commercial Properties
Located in the heart of Motor City, Monarch by Zane Developments is a prestigious low-rise commercial development offering a blend of modern office and retail spaces designed to cater to the needs of today's businesses. Offering innovative and high-quality commercial spaces, the project fosters innovation, teamwork, and efficiency by providing a dynamic environment for tomorrow's leaders.
The well-designed façade blends practicality, aesthetics, and flexibility, catering to contemporary professionals and businesses by redefining office spaces with its innovative design and exceptional standards. Ideal for entrepreneurs, startups, and established businesses, this prime commercial property offers distinguished entrances for retail customers and corporate visitors.
With a G+5 configuration and Grade A specifications, the innovative project sets a new benchmark for commercial real estate in the area. In addition to green surrounding, parks and leisure areas, gymnasium, swimming pool, jogging trails, fitness centre, indoor games and restaurants, the prime commercial facility will feature valet service and a double-height lobby area, creating an attractive and arrival experience for guests and employees alike.
"We aspire to set new benchmarks in the industry and contribute significantly to Dubai's reputation as a global hub for innovative real estate development," Zain Khan, Founder and Chief Executive Officer of Zane Developments, told BTR.
He said Zane Developments has set the industry benchmarks to create a dynamic environment that embodies professionalism, accountability, and world-class service.
"It is a part of family business with four partners on board but with a shared vision to introduce a platform that could meet the demanding needs of our customers and set a standard of quality in Dubai's highly competitive real estate market. We have entered the commercial segment not to make profit but to give ownership rights to investors who are looking to establish their presence in one of the fastest growing cities in the world," he said.
Elaborating on the elder brother's point of view, Zaid Khan, who is Partner and Chief Financial Officer (CFO) at Zane Developments, said rising rents in commercial segments is one of the major concerns of investors willing to strengthen their portfolios in one of the most popular cities of the world.
He said government policies such as 100% foreign ownership and golden visa programme have enhanced Dubai's appeal while sustainability trends like green-certified buildings align with the Net-Zero 2050 commitment.
'Most of the commercial real estate projects only offer options for rent, but established brands and businesses now prefer to own a permanent space in Dubai. We're coming up with commercial development projects offering retail and office space at very competitive sale prices to investors,' the young CFO said.
Setting New Benchmarks
Zain Khan, a young property strategist, is a visionary entrepreneur and brainchild behind some of the region's most ambitious ventures in real estate and media. As the founder and CEO of Zane Developments, he has redefined the landscape of boutique commercial properties in Dubai, delivering high-performance, design-led office spaces that set new benchmark in quality and investor returns.
"Zane Developments is going to celebrate its first anniversary with the successful launch of its maiden project in Dubai next month. We're keen to redefine urban living experience by creating iconic architectural landmarks that seamlessly blend luxury, functionality, and sustainability," he said.
Known for his charismatic personality, innovative ideas and commitment to excellence, Zain Khan stands at the helm of a multi-sector empire - building not just properties, but a legacy.
"Our mission is to deliver unparalleled value to our stakeholders through the development of high-quality projects that exceed expectations. We aim to foster enduring relationships with our clients, partners, and communities by upholding the highest standards of integrity, transparency, and professionalism," Zain said while acknowledging support from his younger brother on key initiatives to ensure quality service with competitive prices.
Building A Better Tomorrow
Zaid Khan, an experienced chief strategy officer, extended full support to his elder brother to implement the company's vision of building a better tomorrow by bridging a vacuum in Dubai's commercial real estate industry. Skilled in negotiation, market research, fundraising, product innovation and start-ups, he is a diversified portfolio entrepreneur and private equity investor in technology startups in private and public sectors.
"We believe in the power of collaboration and teamwork, fostering strong relationships with architects, designers, contractors, and other stakeholders to achieve shared goals," said Zaid Khan, who secured a Bachelor of Science in finance and international business from Rochester Institute of Technology, Dubai.
"We offered retail and office space at competitive price ranging Dh1,450 per square foot to Dh1,550 per square foot last year. Our 90% space sold out before we launched the project officially reflecting a trust of investors in Zane Developments," Zaid said.
"There is no sharp price fluctuation for the remaining few units and new investors still have an opportunity to own their shop or office at Dh1,600 per square foot. We will host an event next month to share the progress on development, which is going to handover possession by first quarter of 2027," he said.
Dubai A Financial hub
The young energetic entrepreneurs pose full trust in Dubai's commercial real estate market and Zane Development will plan more development projects in coming years. They said the emirate's diversified economy and infrastructure investment ensure stable market despite global economic uncertainties.
"The commercial real estate sector offers lucrative opportunities for investors, particularly in high-demand areas like Business Bay and Dubai International Financial Centre. But not every investor can afford to set up their presence in Downtown Dubai and look for other prime locations such as Motor City," they said.
"Monarch by Zane Developments is strategically located in a well-established and accessible community. In addition to unique design and innovative features, the project has minimal service charges, which reduce operational cost," Zain said.
Elaborating, Zaid said service charges will be minimal as the property does not include any serviced areas that typically increase business operating cost.
"Most of the building has already been acquired by end-users and multinational companies, ensuring a strong and quality community within the development," he said.
To a question, he said leading names in hospitality, transport and logistics, retail, food and beverages, waste management and other developers have confirmed their commercial space at Zane Developments.
"With no supermarket in the project, the commercial development at one of the vibrant areas of Dubai is bound to attract huge footfall because of the presence of reputable international brands and businesses at three floors of office space and two levels of retail," he said.
Zaid further said the headquarters of Zane Developments will also be in the same building, ensuring it will be well-managed and maintained. "This is our flagship project and there will be no compromise on quality," he said.
New Projects, Sustainability
Zain's influence extends beyond the UAE, having spearheaded landmark commercial developments in both Dubai and India. Today, he oversees a rapidly growing ecosystem of companies and a team of over 200 professionals across two countries.
"At Zane Developments, we're proud to bring over 36 years of experience to Dubai, with a global portfolio that spans four countries and investments all over the world," he said.
In reply to a question, he said Zane Developments is open to explore the UAE real estate markets as well as look for business opportunities across the Gulf region and beyond.
"Yes, more interesting projects are in the pipeline. Our primary focus will remain on launching out of the box projects in commercial real estate segments," he said.
"We've acquired another plot in Liwan, Dubai Land, to develop another theme-based commercial real estate project in the area," he added.
To a question about the sustainability, he said Monarch by Zane Developments is a Leadership in Energy and Environmental Design (Leed) certified project and the company will adhere sustainability measures in future projects as well.
"Leed certification provides a framework for healthy, highly efficient, and cost-saving green buildings, which offer environmental, social and governance benefits. We accord highest priority to sustainability in our projects," he said.
"We prioritise sustainability and environmental responsibility in our projects, striving to minimise our ecological footprint and create long-term value for future generations. We embrace innovation in all aspects of our work, from design and construction to sustainability and customer experience. Zane Developments will be delivering superior quality with highest standards of craftsmanship and attention to detail," he added.
Zain was of the view that Dubai's commercial real estate market is poised for robust growth this year due to the UAE's economic resilience, investor confidence, and strategic government initiatives.
"We're a new name in Dubai's real estate market, but our journey has been built on years of expertise, a passion for innovation, and a commitment to sustainability," he said.
"We've always believed in the power of quality design to transform spaces, and now, we are excited to contribute to the city's skyline. Zane Developments vision is to create lasting, impactful architectural structure that not only meet the needs of today but also shape the future of Dubai," Zain concluded.