
Reef breaks ground on its landmark Dubai Land project
UAE-based Reef Luxury Developments has broken ground on its key project - Reef 1000 - located in the heart of Dubai Land Residential Complex (DLRC), featuring a first-of-its-kind Sunken Balcony with outdoor cooling, thus laying the foundation for a visionary development that seamlessly aligns with Dubai's vision for innovation.
The groundbreaking ceremony included the planting of the first olive tree, symbolizing Reef 1000's commitment to sustainability and longevity.
It is the first of 126 olive trees that will be part of Reef 1000, highlighting a strong connection to nature and timeless value to the project, said the developer.
Reef 1000 is introducing a world-first feature—the patented Sunken Balcony with Outdoor Cooling. This groundbreaking technology transforms outdoor spaces into comfortable retreats, allowing residents to enjoy fresh air and natural surroundings in total comfort all year round, regardless of the season.
On the launch, CEO Samer Ambar said: "We are truly proud to announce the groundbreaking of Reef 1000. This milestone mark a significant step in our journey to create elevated destinations that push the boundaries of conventional luxury and offer unparalleled living experiences for our residents."

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


Biz Bahrain
6 hours ago
- Biz Bahrain
Bahrain Economic Development Board Concludes High-Level Engagements in Japan to Promote Investment Opportunities in the Kingdom
A delegation from the Bahrain Economic Development Board (EDB), led by H.E. Iain Lindsay OB OBE, Advisor to the Board, and Mr. Mohammed Al Alawi, Chief of Marketing and Communications, concluded a successful visit to Japan, aimed at deepening economic ties and introducing Japanese companies to Bahrain's competitive investment offering. The visit commenced in Tokyo, where the delegation held a series of strategic meetings with Japanese companies across priority sectors. These engagements highlighted Bahrain's pro-business environment, agile regulations, and its strategic location as a gateway to the $2.1 trillion GCC market. The delegation also visited Osaka to participate in activities at EXPO and host the Bahrain–Japan Investment Seminar, which brought together senior executives from over 45 leading Kansai-based companies. The seminar featured opening remarks by H.E. Ahmed Al Doseri, Ambassador of the Kingdom of Bahrain to Japan, and a keynote by H.E. Iain Lindsay, followed by a detailed presentation on Bahrain's economic value proposition. A key highlight of the event was a fireside chat featuring representatives from Toyota and Daiki Aluminium, two Japanese companies with an established presence in Bahrain. The speakers shared their experience operating in the Kingdom, offering practical insights into the benefits of Bahrain's business environment, including access to talent, competitive costs, and ease of doing business. The programme concluded with a visit to the Bahrain Pavilion at Expo 2025 Osaka, where the delegation hosted a series of majlis-style meetings with Japanese companies. These private sessions offered a platform for targeted discussions around regional expansion strategies, with Bahrain positioned as a strategic launchpad for accessing growth opportunities across the GCC and wider Middle East. Guests also received guided tours of the Pavilion, which highlights the Kingdom's cultural legacy and forward-looking economic vision under the national theme, 'Connecting Seas.' The visit forms part of the Bahrain EDB's broader efforts around Expo 2025 Osaka, where the Kingdom is participating to spotlight its unique economic offering and long-term vision for sustainable, innovation-led growth.


Biz Bahrain
6 hours ago
- Biz Bahrain
Organised by Bahrain's MenaMoney, Tunis Hosts Arab Savings & Financial Literacy Conference 2025
Under the theme of 'building resilience for the 21st century', the 'Arab Savings & Financial Literacy Conference 2025' will be held in Tunisia, bringing together several financial, fintech, educational, social protection, social NGOs, informal sector and youth and women institutions from across the Arab world to discuss household savings and financial literacy in the region. Held under the patronage of the Tunisian Central Bank, the event is organised by MenaMoney, the Bahrain-based financial conferences organiser, and the Financial Integration Observatory of the Tunisian Central Bank at the Sheraton Hotel during the period 2 – 3 July 2025. The conference will be inaugurated by His Excellency Mr. Fethi Zouhair Nouri, Governor of the Tunisian Central Bank. Executives from central banks, local banks, insurance companies and federations, investment management firms, fintech businesses, financial education centres, social inclusion advisers and HR leaders running employee savings and benefits speak at this annual gathering. Topics to be addressed this year include strategies and funding of financial literacy programs, financial literacy for building the savings and investment market, digital finance for economic development, role of artificial intelligence in financial literacy, impact of financial literacy on consumer protection, behavioural finance, role of financial institutions in sustainable finance, and role of microfinance in financial inclusion Discussions of this regional meeting focus on features of the national strategy for financial literacy and inclusion, successful national experiences of a number of countries and institutions to improve the level of financial, savings and investment literacy around the world and ways to adopt these locally in our Arab region. Ebrahim K Ebrahim, CEO of MenaMoney, said the event provides a unique opportunity for central bankers, regulators, industry leaders, academics and policy makers to discuss current financial education needs, financial literacy gaps and priorities. 'The cost-of-living difficulties faced in many parts of the world has emphasised the importance of financial literacy as the gap between the financially resilient and the financially fragile widens,' he pointed out, adding that it is now recognised that poor financial skills have left many households unprepared to face crises and their consequences. He elaborated that financial literacy is becoming increasingly important in light of public health, political and economic crises the world has seen in recent years, and the exponential growth of digital technologies providing access to financial services but also posing risks to consumers. For all these reasons, the family's financial literacy is a must, in order to take the best economic measures at the present and secure a better financial future in the long term. 'Improving households' financial well-being by increasing their financial literacy should be a national priority across the Arab world,' said Mr. Ebrahim. The first-of-its-kind conference aims to create a vital debate and an information-sharing platform on financial inclusion and household financial resilience. Registration for the conference is free at:


Daily Tribune
a day ago
- Daily Tribune
UAE Universities See Surge in Student Applications Amid US Visa Uncertainty
Universities across the UAE are reporting a notable increase in international student applications, as ongoing delays and uncertainties surrounding student visa processing in the United States push students to seek more accessible alternatives. With growing concerns over restrictive policies and prolonged visa wait times in the US, students and parents are increasingly turning to UAE-based institutions for stability, safety, and streamlined admission processes. Higher education institutions in cities such as Abu Dhabi, Dubai, and Ajman have all noted a significant rise in student interest for the 2025 academic year. The shift is attributed largely to disruptions in the US student visa process and changing international education policies. University leaders say the UAE's strong infrastructure, globally accredited programs, and supportive visa environment make it an increasingly attractive destination for international learners. The ability for students to work part-time, live in some of the world's safest cities, and stay geographically closer to home has added to the country's appeal. The surge in applications is also being driven by a broader trend of students reconsidering long-standing study abroad plans, particularly those targeting American institutions. As the global education landscape continues to evolve, the UAE is positioning itself as a regional hub for world-class higher education, offering international students both academic opportunity and peace of mind.