LMD launches 379-unit residential development in Dubai
Built around the philosophy of light and space, the AED400 million ($109 million) residential development located at Wasl Gate is slated for handover in Q1 2028.
Taiyo Residences features 379 well-designed units, including studios, one-, two- and three-bedroom apartments. The design impeccably blends both indoor and outdoor spaces, ensuring year-round comfort and convenience for residents, said the developer.
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 both 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, it stated.
According to LMD, 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.
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.
This design approach fosters serene, tranquil living environments where light seamlessly integrates with space, enhancing the overall resident experience, it stated.
On the launch, Managing Partner Hamad Al Abbar said: "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," he stated.
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, said Al Abbar.
Taiyo Residences offers excellent proximity to key destinations including Ibn Battuta Mall, Palm Jumeirah, Dubai Marina, and Mall of the Emirates, thus providing convenient access to shopping, entertainment, and leisure, he added.- TradeArabia News Service
Copyright 2024 Al Hilal Publishing and Marketing Group Provided by SyndiGate Media Inc. (Syndigate.info).
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
The National
06-08-2025
- The National
Emaar Properties records 34% increase in net profit as UAE enjoys real estate boom
The first-half net profit of Dubai's largest listed developer Emaar Properties surged 34 per cent on an annual basis after a sharp rise in sales and growing revenue. Net profit from January to the end of June rose to Dh10.4 billion ($2.8 billion), the company on Wednesday told the Dubai Financial Market, where its shares are traded. Revenue increased 38 per cent year-on-year to Dh19.8 billion, driven by 'robust performance across development, retail, hospitality and international operations', Emaar said. Property sales surged by 46 per cent to a record Dh46 billion, reflecting 'continued investor confidence and demand across projects". The group's revenue backlog from sales surpassed Dh146.3 billion as of June 30, a 62 per cent annual increase. Profit before interest, taxes, depreciation and amortisation – a key measure of profitability – climbed 30 per cent to Dh10.4 billion. Mohamed Alabbar, founder of Emaar, said: 'Numbers alone don't tell the full story. Behind every sale, every project, every community, there's intent. There's a team asking: how can we do better? How can we make someone's every day more meaningful? The first half of 2025 reflects that mindset." Watch: Dubai property investors are getting more selective, experts say Property companies in Dubai have maintained strong growth momentum since bouncing back from the Covid-driven slowdown. Government measures such as residency permits for retired and remote workers, and the expansion of the 10-year Golden Visa programme have boosted foreign investment flows into the emirate's property market over the past few years. Latest data shows Dubai's economy grew by 3.1 per cent in the first nine months of last year, compared to the same period in 2023, reaching Dh339.4 billion, with growth largely driven by strides in several sectors, including property. The volume and value of real estate transactions in Dubai rose sharply in the first half of the year amid the entry of more than 59,000 new investors, the Dubai Land Department (DLD) said last month. The number of transactions reached 125,538, up nearly 26 per cent from 99,947 during the first six months of last year. The value of these transactions rose 25 per cent to about Dh431 billion, the DLD said. Emaar Development, a majority-owned subsidiary specialising in the build-to-sell property development business, recorded property sales worth Dh40.6 billion during the six-month period, up 37 per cent year-on-year. Revenue grew 35 per cent annually to reach Dh10 billion, while net profit climbed 50 per cent to Dh5.5 billion. The company also launched 25 new projects across the UAE. Emaar's shopping malls and commercial leasing operations recorded revenue of Dh3.2 billion in the first half of 2025, up 14 per cent year-on-year, driven by robust growth in tenant sales and increased occupancy. Its mall assets had an average occupancy of 98 per cent as of June 30. Emaar's international operations recorded property sales of Dh5.3 billion, an increase of 200 per cent from 2024 – primarily driven by Egypt and India operations – with revenue at Dh1 billion, up 26 per cent annually. Revenue from international operations contributed about 5 per cent of Emaar's total in the first six months of this year. Emaar's hospitality, leisure and entertainment businesses recorded revenue of Dh2.1 billion, supported by strong tourist activity and growing domestic demand. Its UAE hotels achieved an average occupancy rate of 80 per cent and the company added two hotels featuring more than 600 new rooms in the first half period.
Campaign ME
21-07-2025
- Campaign ME
MENA's Gen Z unfiltered: AI reveals all
'The future is not about artificial intelligence versus humans. It's about artificial intelligence with humans,' Garry Kasparov. One of the most elusive and misunderstood groups of consumers today is Gen Z. To truly understand them, we must move beyond preconceived notions. With AI-powered research, we can uncover insights that challenge these perceptions. Often labelled as 'entitled and lazy,' MENA's GenZ are more accurately hard-working, just in a different way. Other generations can criticise them for being 'overly woke'; however, more correctly, they're vocal about social justice. They're also characterised as having 'frayed identities'. The reality is they are a globally connected, locally rooted generation. These stereotypes, and misunderstanding of GenZ, could lead to marketing mishaps. Many brands fail to connect with this important audience, but by leveraging AI we can get closer to understanding them, we can simulate more members of the GenZ cohort, challenge existing beliefs and uncover their silent needs. Using our proprietary AI solution, WPP Open's Creative Studio, I engaged with three distinct MENA-representative Gen Z AI agents trained on diverse global and regional data sources, to uncover their real emotions and unearth their top three deepest thoughts. 1. Gen Z live in a pressure cooker of expectations; and are truly the 'hustle-to-fire' generation Gen Z face immense pressure to succeed, balancing a hyper-competitive environment with opportunities fueled by ambitious regional visions such as Saudi 2030, Dubai 2030 among many others. Having witnessed previous generations succumb to corporate burnout, they prioritise innovation, entrepreneurship, and early retirement over traditional long-term employment, actively seeking alternative routes to success. Brands offering tools or programs for real skill development, creative transformation, and career growth will stand out, giving them hope amidst the pressure. Finding brands that effectively empower Gen Z was surprisingly difficult, but two examples stood out. L'Oréal and PlayStation have been actively empowering Gen Z in the MENA region by transforming them from passive consumers into active co-creators. L'Oréal's Skin Summit in Saudi Arabia provided expert-led masterclasses, cutting-edge scientific knowledge, and access to industry leaders and platforms to over 400 content creators, helping them produce credible, science-backed beauty content. They answered Gen Z's demand for authentic information and strengthened brand perception through genuine, educational content. Similarly, Sony PlayStation MENA's Hero Project provides emerging game developers with mentorship, funding, and access to Sony Entertainment's resources, enabling them to bring their creative visions to life, receive global recognition and a clear pathway to success in the gaming industry. Both initiatives are exemplary examples of how brands can invest in Gen Z's ideas, skills, and future, and provide real opportunities for impact. Small to medium brands should also consider how they can support this generation. Even the simplest ideas, such as weekly tips on social media, or competitions with useful giveaways, will demonstrate to your Gen Z audience that you're invested in their future and their success. Partnering with online training platforms or offering prizes like courses, internships, or branded workshops will resonate. Even better? Provide the means and tools for them to launch their own businesses and pursue early retirement. 2. Gen Z are yearning for recognition beyond The world has opened up to Gen Z, and they recognise their potential as more than local or regional innovators and creators. They'll likely notice brands that give them a platform to showcase their talents or skill sets to the world. Don't just go with the popular platforms such as Arabs Got Talent or Coke Studio. Creatively tap into their unique potential as YouTubers, AI prompters, NFT creators, virtual world designers, voice actors, and digital nomads. These are the spaces where Gen Z's future is being built and they're eager to show their talents. Even a very small, emerging business could run an AI prompting contest, encouraging Gen Z to create content related to their brand or product. Not only do these contests empower Gen Z's individual journeys with tangible, recognisable portfolio pieces, they also help smaller brands extend their own reach in the process. 3. They're trading doom scrolling for nostalgia Gen Z's connection to the past isn't just about retro trends; it's a coping mechanism. Faced with heightened anxiety and a growing awareness of mental health challenges, they seek refuge in nostalgia. This yearning for simpler times provides a sense of grounding and well-being in a world that often feels overwhelming. As a generation, they are also navigating a complex mental health landscape. While mental health issues are increasingly being destigmatised and recognised, there is still a lot to be done to educate other generations on how to support them. In the MENA region, Gen Z reporting mental health conditions is 1.8x the global average, rising 12 per cent in the last three years (GWI, 2025). These figures underscore the need for more support in the region, something brands should consider in their strategies if they want to understand and connect with their Gen Z audiences. By genuinely promoting mental health awareness and well-being and tapping into the emotionally comforting power of nostalgia, brands can create rapport, relevance and foster loyalty value among Gen Z. AI can help uncover hidden truths about Gen Z; validating or challenging assumptions to provide actionable guidance for marketers to work from. However, it is important to exercise caution. AI relies on the existing data it has been trained on, and real-world research. It is crucial to verify data and understand context. To truly connect with the multifaceted MENA Gen Z, brands must move beyond outdated stereotypes and listen to the truths AI can uncover. This synthesis of artificial intelligence and human creativity is what builds brands that don't just market to this generation but truly matter to them. By Kim Mascarenhas, Head of Intelligence MENA, WPP Media.
Arabian Post
26-06-2025
- Arabian Post
Sony Sued Over ‘Sony Tax' in Digital‑Only PlayStation Market
Dutch courts are set to rule on a class‑action lawsuit brought by Stichting Massaschade & Consument, which claims Sony has leveraged its dominance in the PlayStation ecosystem to impose inflated digital pricing, burdening an estimated 1.7 million gamers and costing consumers at least €435 million since 2013. At the heart of the case is the allegation that digital editions of games—often bought via diskless PS5 consoles—are around 47 per cent more expensive than their physical counterparts, despite significantly lower distribution costs. The Massaschade & Consument foundation launched its 'Fair PlayStation' campaign in February, rapidly attracting over 20,000 petition signatures seeking compensation for affected gamers. The petition argues that Sony's closed‑shop approach—barring third‑party game sellers and app stores from its platform—amounts to monopolistic practice, enabling price manipulation without competitive pressure. Foundation chair Lucia Melcherts highlights the shift towards digital consoles: 'Many people notice that they are increasingly being pushed towards 'digital‑only' consoles … consumers pay an average of 47 % more for these digital versions than for exactly the same game on a physical disc'. The legal filing contends that Sony reaps more than double the profit on digital sales compared to retail copies, even though digital distribution should cost less. ADVERTISEMENT Data from the Netherlands indicates that more than 80 per cent of console gamers own a PlayStation, illustrating the company's extensive control over the local market. This dominance allows Sony to 'make decisions without having to worry much about what competitors, developers or consumers are doing,' says Melcherts. Industry analysis points out that while Sony exclusively controls pricing on its digital storefront, physical game retailers—such as bricks‑and‑mortar or online shops—compete on price, often discounting titles to capture market share. By contrast, diskless PS5 owners are locked into Sony's pricing model, facing limited or no alternatives. Legal observers note the case will challenge whether Dutch courts will accept jurisdiction and allow the suit to proceed to its substance. The first hearing is expected later this year, where the court will assess the foundation's standing and the validity of its antitrust claims. If the suit is admitted and successful, it could pave the way for consumer restitution and potentially force Sony to open its digital marketplace—though the foundation itself accepts that this level of structural change may be unlikely. Gamers in the Netherlands have expressed growing frustration at Pay‑to‑own models for digital content that offer no resale value or price competition. Reddit users have decried the practice, stating: 'Sony is abusing their market share to increase digital prices by nearly 50 %'. The lawsuit comes amid broader regulatory scrutiny of platform operators in areas such as app‑store commissions and loot‑box gambling classifications. It marks the latest legal effort to hold tech companies accountable for pricing power over essential digital ecosystems.
