logo
IMTIAZ breaks ground on Sunset Bay Collection in Dubai Islands with brand ambassador Hrithik Roshan

IMTIAZ breaks ground on Sunset Bay Collection in Dubai Islands with brand ambassador Hrithik Roshan

Gulf Business22-04-2025

Image Credit: Supplied
Dubai-based prime luxury real estate developer, Imtiaz Developments, has officially broken ground on its latest residential project, Sunset Bay Collection, valued at Dhs700m.
The groundbreaking ceremony marked a major milestone in the company's expansion within the coveted Dubai Islands and was attended by key stakeholders, industry leaders, and Indian actor Hrithik Roshan, the developer's brand ambassador.
The Sunset Bay Collection comprises five distinct projects, each thoughtfully designed to offer an island lifestyle with world-class amenities, direct access to pristine beaches, and a seamless integration of modern architecture with the natural beauty of Dubai Islands. Located in close proximity to the area's largest mall, upscale resorts, and fine-dining restaurants, the collection is ideally positioned in a location primed for significant appreciation in value.
With the addition of the Sunset Bay Collection,
Dubai Islands is set to become Dubai's next premier waterfront destination, with a pipeline of branded residences, villa communities, and the city's largest upcoming shopping mall, all slated for completion within the next three years. In line with this vision, Imtiaz will launch a series of ultra-luxury developments in the area this year.
Masih Imtiaz, CEO of Imtiaz Developments, stated: 'Sunset Bay Collection is a project very close to my heart — one where our team poured their days and nights into crafting something truly exceptional. We're proud to be one of the few developers rapidly expanding on Dubai Islands, shaping its future as one of the UAE's most sought-after waterfront destinations. Now is the perfect time to invest in Dubai Islands, before it reaches its full price potential—much like other waterfront areas that have seen tremendous growth over the past few years.'
Indian superstar Hrithik Roshan is the newly appointed brand ambassador for IMTIAZ.
Adding to the groundbreaking event's significance, Hrithik Roshan, one of India's most celebrated actors, engaged in a conversation with Imtiaz Developments. Sharing his thoughts on the partnership, Roshan expressed his admiration for the Sunset Bay Collection and the brand's vision.
'I've had the opportunity to view several of Imtiaz Developments' projects, and the Sunset Bay Collection stands out as truly remarkable. Its design reflects a perfect balance of comfort, modern elegance, and harmony with its natural surroundings. If I were to consider a second home, Imtiaz would certainly be at the top of my list,' remarked Hrithik Roshan
About Sunset Bay Collection
Each of the five projects in the Sunset Bay Collection will offer:
Waterfront residences with floor-to-ceiling glass facades, private terraces, and premium finishes.
Lifestyle amenities including private beach access, rooftop lounges, wellness facilities, infinity pools, and access to a marina promenade.
Energy-efficient technologies and smart home automation systems as part of a sustainable design strategy.
Imtiaz Developments is currently working on six projects in JVC, five within the Dubailand Residential Complex, and a total of 18 developments across Dubai Islands.
About Dubai Islands
Dubai Islands is a master-planned coastal development aligned with Dubai's 2040 Urban Master Plan. The destination is expected to host over 80 hotels, ranging from luxury resorts and wellness retreats to cultural and family-oriented offerings. With a mix of villa communities, branded residences, and the largest retail destination on the islands under construction, Dubai Islands is set to redefine urban waterfront living in Dubai.
Imtiaz Developments is expected to announce additional ultra-luxury residential launches within the islands later this year.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Hundreds look for jobs at career fair in Dubai
Hundreds look for jobs at career fair in Dubai

Gulf Today

time2 hours ago

  • Gulf Today

Hundreds look for jobs at career fair in Dubai

More than 400 candidates wishing to seek new jobs or exploring better employment opportunities participated in the first phase of the career fair organised by the Pakistan Consulate in Dubai. The first phase of the 2-day Career Fair 2025 was organised in collaboration with Transguard Group. The officials conducted the initial interviews of job seekers who visited the consulate from across the UAE. More than 20 job categories were offered by Transguard Group, providing an opportunity for employment in diverse sectors. About 400 candidates participated in the initial phase of the recruitment drive. The final selection of candidates will be announced upon the completion of assessment and verification processes in accordance with the specific requirements of each role. Hussain Muhammad, Consul General of Pakistan in Dubai, visited the venue and observed the recruitment process. He emphasised the importance of such initiatives in employment opportunities for Pakistanis residing in the UAE. He lauded the collaboration as an important step towards generating job opportunities for the Pakistani community. 'The Consulate remains committed to supporting and facilitating such partnerships to further broaden the scope of employment opportunities for our community,' he said. Community Welfare Attachés Imran Shahid and Junaid Murtaza also expressed their satisfaction with the response and affirmed that plans are underway to organise recruitment drives in collaboration with leading UAE-based employment agencies. The second phase of Career Fair 2025 is scheduled to take place on June 18 and 19 at the Consulate premises.

MoE and Dubai Police sign MoU to enhance cooperation in developing compliance mechanisms for AML/CFT requirements
MoE and Dubai Police sign MoU to enhance cooperation in developing compliance mechanisms for AML/CFT requirements

Zawya

time2 hours ago

  • Zawya

MoE and Dubai Police sign MoU to enhance cooperation in developing compliance mechanisms for AML/CFT requirements

Abu Dhabi: The Ministry of Economy signed a Memorandum of Understanding (MoU) with Dubai Police General Command to strengthen cooperation and coordination in developing compliance mechanisms for anti-money laundering (AML) and combatting the financing of terrorism (CFT) requirements. The agreement facilitates the exchange and integration of information between the two entities, thus enhancing supervisory roles within the national legislative framework. The MoU was signed on the sidelines of the fourth edition of the World Police Summit, held at the Dubai World Trade Centre under the patronage of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai. The agreement was signed by H.E. Safia Hashim Al Safi, Assistant Undersecretary for Commercial Control and Governance at the Ministry of Economy, and H.E. Major General Expert Khalil Ibrahim Al Mansoori, Assistant Commander-in-Chief for Criminal Investigation Affairs at Dubai Police. H.E. Safia Al Safi emphasised that the UAE has made significant strides in developing advanced strategies, policies, and legislation to combat money laundering and terrorism financing in line with the highest international standards. This has further reinforced the national economy's position as a competitive trade and business hub committed to the highest standards of integrity and transparency. H.E. noted that the partnership with Dubai Police aligns with the Ministry's vision to enhance collaboration with federal and local entities, thereby strengthening the national framework and developing mechanisms to combat financial crimes and enhance regulatory infrastructure in accordance with relevant international standards. H.E. Safia Al Safi explained that the MoU establishes a sustainable institutional framework between the Ministry and Dubai Police to collaborate on various AML/CFT procedures within the country, including control, inspection, and monitoring of illicit activities. This partnership aims to elevate the efficiency of control and follow-up systems and serves shared objectives in combating financial crimes within the country. Supporting national efforts H.E. Major General Expert Khalil Al Mansoori said: "The MoU with the Ministry of Economy is a significant milestone in enhancing institutional integration among relevant entities involved in combating financial crimes. Dubai Police is committed to supporting national efforts to counter money laundering and combat terrorism financing by advancing its technical and human competencies. We aim to leverage Dubai Police's research, investigation, and financial analysis ecosystems to develop effective, proactive mechanisms for detecting suspicious activities and enhancing rapid responses to associated risks, in line with global best practices. This plays a role in reinforcing the UAE's position as a secure and transparent global economic hub." H.E. further emphasised that the collaboration marks a significant step forward in integrating national efforts and unifying resources and expertise to develop more precise and effective regulatory tools, while continuing to invest in national talent and smart technologies to build a safer and more stable environment. Counselor Salem Al Tunaiji, Director of the Anti-Money Laundering and Counter-Terrorism Financing Department at the Ministry of Economy, explained that the MoU provides advanced mechanisms for technical and security coordination between the Ministry and Dubai Police. This includes the exchange of data related to money laundering and terrorism financing crimes, aligning with the Ministry's role in supervising Designated Non-Financial Businesses and Professions (DNFBPs) and identifying the real beneficial owners of legal entities. Under the scope of the MoU, both parties will collaborate on developing integrated mechanisms and programs to elevate risk response efficiency related to suspicious financial activities within the DNFBP sector, which include real estate agents and brokers, traders of precious metals and stones, auditors, and company service providers. This will be realised through the exchange of data on suspicious transactions and activities and the activation of secure and effective institutional communication channels to ensure the swift exchange of confidential data in line with the approved legal and regulatory frameworks. These efforts support their awareness endeavours to prevent and deter violators, in line with the applicable legislations and regulations in the UAE. The MoU also outlines the implementation of joint training programs and specialised workshops aimed at enhancing the professional competencies of both parties' staff and the development of periodic analytical reports to support decision-making, ensuring the comprehensive application of administrative and regulatory procedures. Additionally, the MoU includes provisions to support awareness and media campaigns related to institutional compliance and financial crime prevention, as well as collaboration in developing relevant policies and legislation and reviewing regulatory frameworks to ensure their alignment with international requirements. For further information, please contact: Orient Planet Group (OPG) Email: media@ Website:

UAE drives global crypto revolution with adoption and innovation
UAE drives global crypto revolution with adoption and innovation

Khaleej Times

time7 hours ago

  • Khaleej Times

UAE drives global crypto revolution with adoption and innovation

The UAE has reinforced its position as the world's foremost crypto hub in 2025, leading a global surge in digital asset adoption driven by progressive regulations, strategic partnerships, and a tech-savvy population. A recent study by Atmos ranks the UAE as the most crypto-obsessed nation, scoring 98.4 out of 100, with a 25.3% cryptocurrency ownership rate and a phenomenal 210% adoption growth. This meteoric rise, coupled with Bitcoin's blistering rally past $110,000 and a $2.2 trillion market cap, underscores the UAE's pivotal role in reshaping global finance. As the country leverages regulatory clarity, institutional investments, and cutting-edge fintech innovations, it is not only riding the crypto wave but defining its future trajectory. The Atmos study evaluates crypto engagement through four key metrics — ownership rates, adoption growth, per capita search activity, and Bitcoin ATM availability. The UAE's dominance is remarkable despite having just one Bitcoin ATM, compared to the United States' 29,834 or Canada's 3,561. With 186,000 monthly crypto-related searches and a 210% adoption surge, the UAE outpaces Singapore (97.5 score, 24.4% ownership) and the US (85.4 score, 15.5% ownership). This reflects a cultural and economic embrace of digital assets, fuelled by a young, affluent demographic — over 60% of the UAE's 9.8 million residents are under 30 — and a government committed to a blockchain-powered economy. 'Crypto adoption is reshaping financial systems worldwide,' said Nick Cooke, CEO of Atmos, emphasising the UAE's leadership in integrating crypto into daily life. Bitcoin's recent ascent to $108,955.10, with peaks at $109,857, has ignited global optimism, with analysts like Nigel Green of deVere Group revising price targets from $150,000 to $175,000 by August 2025. Green attributes this rally to macro tailwinds, including a cooler US inflation report, easing US-China trade tensions, and a Moody's downgrade of US sovereign debt, which has driven investors toward Bitcoin as a hedge against fiat instability. 'Bitcoin is no longer just a speculative play but a strategic hedge,' Green notes, highlighting its appeal as 'digital gold' amid eroding sovereign credibility. The UAE's high ownership rate aligns with this trend, as investors seek assets immune to dilution or adoption is a cornerstone of the UAE's crypto ecosystem. Ripple's licensing by the Dubai Financial Services Authority (DFSA) to operate within the Dubai International Financial Centre (DIFC) marks a regional first, enabling regulated crypto payment services. Brad Garlinghouse, Ripple's CEO, praises the UAE's regulatory clarity, noting its $400 billion international trade market and 64% of Middle East and Africa finance leaders prioritising faster payments via blockchain. Ripple's RLUSD stablecoin, launched in 2023 with a $130 million market cap, exemplifies the demand for real-time settlement solutions. Similarly, partnership with UAE-based Tawasal integrates crypto services into a superapp, enhancing accessibility. Abu Dhabi's MGX investing $2 billion in Binance further cements the UAE's role as a crypto investment hub, with Emirates NBD's Liv platform introducing crypto services to bridge traditional and decentralised finance. The UAE's regulatory framework, led by Dubai's Virtual Assets Regulatory Authority (VARA) and Abu Dhabi Global Market (ADGM), balances innovation with oversight. VARA's licensing has attracted global players, while ADGM's regulations support blockchain development. 'The UAE's regulatory sandboxes allow fintechs to test AI-driven solutions safely,' says Nadeem Ladki of Bitpanda Technology Solutions. This contrasts with restrictive regimes like China's, positioning the UAE ahead of Singapore and Switzerland, despite their progressive policies. The UAE's $30 billion in crypto investments in 2024, coupled with a 41% increase in crypto app downloads, underscores its business-friendly environment, with free zones like DIFC and ADGM offering tax incentives and low startup costs. Decentralised finance (DeFi) is transforming the UAE's financial landscape, with global DeFi protocols holding over $150 billion in 2024. Platforms like MakerDAO and Compound enable intermediary-free financial services, aligning with the UAE's goal of financial inclusion for the 1.7 billion unbanked globally, per World Bank data. The UAE's mobile-centric DeFi solutions, supported by its advanced tech infrastructure, are poised to lead this shift. The upcoming Digital Dirham, a blockchain-based central bank digital currency (CBDC) set for fourth quarter of 2025, will enhance cross-border payments and combat financial crime, according to Khaled Mohamed Balama, Governor of the Central Bank of the UAE. With 10% of global GDP expected to be tokenised by 2027, the Digital Dirham positions the UAE at the forefront of this transformation. Artificial intelligence (AI) is amplifying the UAE's crypto prowess, with initiatives like DIFC's AI and Web3 incubator fostering innovation. AI enhances fraud detection and compliance, critical for navigating VARA's regulations. Globally, Layer 2 solutions like Optimism and Arbitrum improve blockchain scalability, making crypto viable for daily transactions. The UAE's fintech market, projected to reach $3.56 billion in 2025 and $6.43 billion by 2030, benefits from a 12.56% CAGR, driven by AI and blockchain synergy. Non-fungible tokens (NFTs) and metaverse platforms like OpenSea and Decentraland are also gaining traction, with the UAE's tech-savvy market capitalising on these new digital economies. Bitcoin's global rally, up 8.6% weekly, is mirrored by other cryptocurrencies like Ethereum (37.2%), XRP (19.2%), and Solana (18.6%), per Nick Forster. Ethereum's Pectra upgrade and Coinbase's S&P 500 inclusion signal mainstream adoption, boosting market confidence. In the UAE, 39.1% of residents are projected to use crypto by year-end, driven by user-friendly platforms and regulatory trust. The Bitcoin 2025 conference in Las Vegas, featuring speakers like US Vice-President JD Vance and MicroStrategy's Michael Saylor, will likely amplify global enthusiasm, with potential US policies like a Strategic Bitcoin Reserve further fueling growth. Despite its leadership, the UAE faces challenges. Cybersecurity risks in crypto transactions require ongoing investment, and balancing regulation with innovation remains critical. Globally, regulatory disparities — China's crackdowns versus the EU's MiCA framework — highlight the UAE's advantage in proactive governance. George Naddaf of eToro Mena notes, 'Fintech is redefining how investors make decisions,' with the UAE's education and accessibility initiatives sustaining momentum. Arif Amiri of DIFC emphasises the country's ecosystem, including an independent regulator and efficient judicial system, as a springboard for fintech growth. The UAE's crypto revolution is a blueprint for global economies. Its 210% adoption growth, 25.3% ownership rate, and $30 billion in 2024 investments reflect a nation not just adapting to digital finance but shaping it. As Nick Cooke of Atmos states, 'In the UAE, crypto drives a fully digitised economy.' With Bitcoin's resilience, institutional backing, and innovations like DeFi, CBDCs, and Web3, the UAE is poised to dominate the next phase of the crypto evolution, setting a global standard for a decentralized, inclusive financial future.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store