Latest news with #DubaiSouth
Zawya
16 hours ago
- Business
- Zawya
Dubai's BT Properties to issue main construction tender for WAADA in Q4 2025
Dubai-based BT Properties expects to issue the main contract tender for WAADA, a master-planned community in Dubai South, in the fourth quarter of 2025, Group CEO Ahmed Ali Riaz Malik told Zawya Projects. 'The tendering process is aligned with our delivery roadmap, with enabling works already underway,' he said. The company is engaging with top contractors to ensure a robust delivery mechanism, Malik stated. BT Properties intends to hand over the first phase in the fourth quarter of 2028. 'The complete development will be delivered in strategic phases over the next several years, ensuring quality and adaptability,' Malik said. Interview excerpts: What market dynamics influenced your decision to launch the WAADA master development in Dubai South? Dubai South represents the future of the city's expansion with its strategic location, sustainable planning and close alignment with the UAE's long-term vision. With its proximity to Al Maktoum International Airport and Expo City Dubai, this zone is emerging as a new urban nucleus. Our decision to launch WAADA was driven by a convergence of vision, infrastructure, and future demand for community-led developments. We view Dubai South as a canvas to bring our decades-long expertise to life in a meaningful, future-ready way. What is the total cost of the master community? While we don't disclose specific financial details, it is a substantial commitment that is backed by our long-term vision. Can you share details of the project? WAADA comprises a diverse mix of units to serve the needs of various residents, with over 10,000 units of apartments, townhouses, villas, and Signature mansions. Additionally, the project includes retail outlets, wellness zones, education facilities and community infrastructure, all woven into a walkable, green-focused urban fabric. How do you intend to fund the project? The development is being delivered through strategic self-reliance and operational discipline. We are not seeking external funding through instruments such as bonds or credit facilities. Our confidence in the market, combined with a structured rollout and customer-centric approach, forms the financial backbone of this development. When did you acquire the land for the master community? We secured the land in alignment with our long-term entry strategy for the UAE. As Dubai South continues to attract investment, we are observing a healthy appreciation in land value, reaffirming our decision to anchor our flagship project here. How many phases will be there in the master plan? The master community will be delivered in multiple phases, beginning with a residential precinct comprising apartments, townhouses, and core community infrastructure, including parks, a school, a mosque, and healthcare facilities. What is the tendering timeline for the master development's phases? The tendering process is aligned with our delivery roadmap, with enabling works already underway. The main contract tender is scheduled for the fourth quarter of 2025. We are engaging with industry-leading contractors to ensure a robust delivery mechanism. Who is the architect of the master development? When did you start working on the project? Our architectural partners are globally renowned firms with deep experience in large-scale urban planning. The design process began over two years ago, driven by a desire to craft a timeless, emotionally resonant living environment. When do you intend to hand over the first phase of the project? When will the entire master development be completed? The handover for phase one is scheduled for fourth quarter of 2028. The complete development will be delivered in strategic phases over the next several years, ensuring quality and adaptability. What will be the sustainable elements of the mega development? WAADA is a green city in spirit and structure, with 40 percent of its area dedicated to green spaces. We have integrated water management systems, smart energy design, walkability features, and wellness-focused infrastructure to deliver a future-ready community aligned with Dubai's sustainability goals. How much land bank do you own in the UAE? We are actively exploring opportunities across Dubai and the UAE. Our land strategy is designed to support a multi-decade vision. Are there any plans to enter other emirates and markets in the Middle East? Absolutely. The UAE is a core focus, and WAADA is only the beginning. What is your outlook on the off-plan real estate market in the UAE, particularly Dubai? We are very optimistic. Dubai's real estate market is highly mature, with strong regulatory policies and oversight, investor confidence, and demographic growth. Off-plan sales remain a key pillar, particularly when anchored in trust, transparency, and quality — all values we deeply believe in. (Reporting by P Deol; Editing by Anoop Menon) (
Khaleej Times
4 days ago
- Business
- Khaleej Times
Sky View Development launches Avion Residence at Hilton Dubai, introducing a new standard of urban living
Sky View Development has officially launched its latest luxury residential project, Avion Residence, at a prestigious event hosted at Hilton Dubai, Al Habtoor City this evening. The occasion drew an audience of investors, industry leaders, partners, and media, signaling Sky View's continued drive to set benchmarks in Dubai's real estate sector. During his keynote, Akash Kanjwani, CEO of Sky View Group, said: "Avion Residence is the culmination of Sky View's 19-year journey where architectural excellence meets thoughtful living. This project represents our unwavering commitment to quality, innovation, and creating spaces that residents can truly call home." The launch showcased the project's Bali-inspired design, floor plans, and premium amenities through engaging multimedia presentations and expert panel discussions. The event also featured live musical performances that underscored the celebratory atmosphere. Bollywood icon Shilpa Shetty Kundra graced the event as chief guest, sharing her appreciation for the development, "Avion Residence beautifully blends elegance and wellness—values I personally cherish. It's exciting to witness such a visionary project that elevates the meaning of home." The highlight of the evening was the grand unveiling of the architectural model of Avion Residence, accompanied by an aerial performance that captivated the audience and reflected the project's ambition to become a landmark within Dubai South. Following the formal programme, guests enjoyed networking and had the opportunity to explore the model and engage with Sky View's team. Sky View Development's Avion Residence is poised to redefine modern urban living with its blend of design, functionality, and lifestyle, offering a unique address in one of Dubai's most dynamic growth corridors.
Arabian Business
4 days ago
- Business
- Arabian Business
Dubai real estate: BT Properties launches ‘WAADA', a master-planned community in Dubai South
Pakistan-based BT Properties has announced the launch of its flagship development project, 'WAADA' – a master-planned community in Dubai. The project marked the expansion of the company into the UAE market. Situated in Dubai South, minutes from Al Maktoum International Airport and the Expo 2020 legacy district, 'WAADA' will be an exquisite development that integrates architecture, sustainability, and livability, the company said. Malik Riaz Hussain, Chairman & Founder, BT Properties, said the company's mission is to transform lives, restore dignity, and give people a sense of belonging. 'As this legacy expands into Dubai through WAADA, our purpose remains unchanged: to build not just structures, but futures,' he said. The development includes a diverse mix of property types – from signature mansions and mid-rise residences to townhouses and skyline apartments.
Trade Arabia
6 days ago
- Business
- Trade Arabia
BT Properties unveils flagship community project in Dubai South
BT Properties, a leading development group in Asia, has unveiled its flagship project 'Waada,' in Dubai South, located minutes from Al Maktoum International Airport and the Expo 2020 Legacy District. Announcing the launch, BT Properties said it marks a significant milestone in the company's expansion into the UAE market and reflects its commitment to contributing to the region's real estate landscape. The flagship project 'Waada' – a name derived from the word meaning 'promise' – embodies a steadfast commitment to creating lasting value and cultivating vibrant, integrated communities. 'Waada' will be an exquisite development that integrates architecture, sustainability, and livability, said the developer. The development includes a diverse mix of property types – from signature mansions and mid-rise residences to townhouses and skyline apartments, it stated. Designed with a focus on emotional resonance and practical luxury, architecture and spatial planning aim to foster a sense of safety and belonging. Open spaces, landscaped lagoons, and a carefully curated urban environment enhance visual appeal and overall well-being, it added. With over 30 years of experience in delivering large-scale, integrated, people-centric developments across Pakistan, BT Properties is bringing its legacy of trust and innovation to Dubai, said its top official. "For over 30 years, I have believed that the true measure of success is not what we build, but who we uplift. Bahria Town was never just a real estate venture - it was a mission to transform lives, restore dignity, and give people a sense of belonging," remarked its Chairman & Founder Malik Riaz Hussain. "Every city we developed was built on trust, every road on resilience, and every home on hope. And today, as this legacy expands into Dubai through BT Properties and Waada, our purpose remains unchanged: to build not just structures, but futures. I dedicate this journey to the millions who trusted us, to every worker who shaped our cities, and to every citizen who now calls them home," he added. The unveiling event was led by Group CEO Ahmed Ali Riaz Malik, who described the project as 'a living promise built not just on architectural plans but on three decades of earned trust, scale, and experience'. Malik said: "At BT Properties, our mission has always been to create developments that go beyond structures. We have always strived to shape communities that reflect innovation, purpose, and long-term value." "With 'Waada,' we are proud to bring our legacy to Dubai and contribute meaningfully to its evolving real estate landscape. This project represents our continued commitment to building environments where people can thrive," he added.
Zawya
6 days ago
- Business
- Zawya
BT Properties launches its flagship project ‘WAADA,' master-planned community in Dubai South
Dubai, UAE – BT Properties, one of Asia's most trusted development entities, unveiled its flagship development project 'WAADA,' a master-planned community, in the UAE during a landmark launch event held at the Grand Hyatt, Dubai Healthcare City. With over 30 years of experience in delivering large-scale, integrated, people-centric developments across Pakistan, BT Properties is bringing its legacy of trust and innovation to Dubai. The launch of 'WAADA' marks a significant milestone in the company's expansion into the UAE market and reflects its commitment to contributing to the region's real estate landscape. Situated in Dubai South, minutes from Al Maktoum International Airport and the Expo 2020 Legacy District, 'WAADA' will be an exquisite development that integrates architecture, sustainability, and livability. The project aligns closely with the objectives of the Dubai 2040 Urban Master Plan, offering a forward-thinking approach to urban development. Malik Riaz Hussain, Chairman & Founder, expressed, 'For over 30 years, I have believed that the true measure of success is not what we build, but who we uplift. Bahria Town was never just a real estate venture — it was a mission to transform lives, restore dignity, and give people a sense of belonging. Every city we developed was built on trust, every road on resilience, and every home on hope. And today, as this legacy expands into Dubai through BT Properties and WAADA, our purpose remains unchanged: to build not just structures, but futures. I dedicate this journey to the millions who trusted us, to every worker who shaped our cities, and to every citizen who now calls them home.' Ahmed Ali Riaz Malik Group CEO at BT Properties, stated: 'At BT Properties, our mission has always been to create developments that go beyond structures. We have always strived to shape communities that reflect innovation, purpose, and long-term value. With 'WAADA,' we are proud to bring our legacy to Dubai and contribute meaningfully to its evolving real estate landscape. This project represents our continued commitment to building environments where people can thrive.' The unveiling event was led by Ahmed Ali Riaz Malik, Group CEO of BT Properties, who described 'WAADA' as 'a living promise built not just on architectural plans but on three decades of earned trust, scale, and experience'. The project was formally introduced by Mr. Ahmad, Development Consultant of BT Properties, to an audience of key stakeholders, investors, partners, media representatives, and urban development professionals. The event was attended by a distinguished gathering of guests from across the UAE, including architects, community leaders, business families, etc. The flagship project 'WAADA' – a name derived from the word meaning 'promise' – embodies a steadfast commitment to creating lasting value and cultivating vibrant, integrated communities. The development includes a diverse mix of property types – from signature mansions and mid-rise residences to townhouses and skyline apartments. Designed with a focus on emotional resonance and practical luxury, architecture and spatial planning aim to foster a sense of safety and belonging. Open spaces, landscaped lagoons, and a carefully curated urban environment enhance visual appeal and overall well-being. The project also signals a broader evolution in BT Properties' global strategy. Having delivered millions of square feet across international markets, the company has now firmly planted its flag in Dubai, a move that is both strategic and aligned with the city's trajectory of innovation, excellence, and sustainable growth. WAADA is poised to generate strong market interest, supported by its compelling value proposition and the credibility of BT Properties. With its guiding principle of Limitless Living, the development underscores the company's role not only as a builder of real estate but as a steward of community and long-term value. For further information, please contact: Orient Planet Group (OPG) Tel: +971 4 4562888 Email: media@ Website:
