Latest news with #co-living
Khaleej Times
28-05-2025
- Business
- Khaleej Times
Innovative Co-Living: The Myriad's New Student Housing Model in Dubai
As co-living continues to gain traction globally, The Myriad is setting a new benchmark in the Gulf region with a student housing model designed for a mobile, urban generation. Developed by Strategic Housing Group (SHG), The Myriad introduces a managed, community-driven living environment that merges flexibility, affordability, and social interaction. Located in Dubai International Academic City, The Myriad Dubai goes beyond traditional student accommodation by offering a purpose-built, institutionally managed residence. Designed to support students academically, socially, and personally, it has emerged as a flagship model for co-living in the region. 'At The Myriad, our vision has always been to create a living experience that empowers students to thrive,' said Vik Rao, CEO of The Myriad and Strategic Housing Group. 'We believe co-living is not a trend but a fundamental shift in how young people relate to space and each other.' With fully furnished private units, high-speed Wi-Fi, co-working lounges, fitness centres, and student-budget-friendly F&B outlets, The Myriad Dubai offers a comprehensive lifestyle solution. It also hosts a year-round programme - DO WELL (Work Opportunities, Events & Entertainment, Life Learning, and Living & Leisure) - curating events and wellness activities that foster a sense of belonging and engagement. This model addresses growing demand among Millennial and Gen Z students for affordable, flexible, and community-oriented living. As higher education enrollment and student mobility rise across the GCC, The Myriad is not merely responding to change; it is shaping the future of student accommodation. The brand's success has earned it accolades from The Global Economics Awards, Arabian Best of Best Awards, and the World Realty Congress, recognising its innovative approach and high operational standards typically seen in hospitality.
Zawya
23-05-2025
- Business
- Zawya
RAK Properties grows residential portfolo offering with the launch of ENTA
New product class for Mina adds variety to luxury focused destination Design led community to feature onsite restaurant, co-working spaces and foster strong sense of community Sameh Muhtadi, CEO, RAK Properties: 'ENTA brings an entirely new demographic to Mina, and immediately changes the conversation around co-living spaces – it's exciting to be at the vanguard of a new movement.' Ras Al Khaimah, UAE: RAK Properties, Ras Al Khaimah's leading publicly listed property developer, continues to expand its residential product offering with the launch of ENTA MINA – a new design led apartment concept developed in partnership with HIVE and A.R.M Holding. ENTA MINA, consisting of 119 character-rich residences, is a new, design-forward residential brand, catering to a new generation of homebuyers and occupants. ENTA MINA seeks to offer a complete lifestyle ecosystem with its resident café and restaurant, hosting lounge, library, infrared sauna, plunge pools, outdoor gathering areas, and co-working facility. Through ENTA MINA, RAK Properties, in partnership with HIVE, aims to support a modern, flexible work driven lifestyle and economy. Commenting, Sameh Muhtadi, Chief Executive Officer RAK Properties, said: 'ENTA brings an entirely new demographic to Mina, and immediately changes the conversation around co-living spaces. This is a segment typically within the rental market, but with ENTA MINA, you can buy into that lifestyle – it's exciting to be at the vanguard of a new movement. We have been working closely with the team at HIVE since we signed our partnership agreement with them to bring ENTA MINA to life which places community, and thoughtful design at the top of its product's agenda. 'ENTA MINA will bring a younger demographic to live, work and play in Ras Al Khaimah. Targeted tenants are aged 25-35 years old and they will even have the flexibility to work from the beach if they so wish. The multiplier effect of this is clear – it gives a space where ideas can turn into enterprises, which in turn helps to grow the wider economy.' Bass Ackermann, Founder of HIVE, elaborated by stating: 'ENTA was born from watching HIVE tenants grow into homeowners - people who still wanted the feeling of what we created, but in a place they could truly call their own. It addresses a market need for ready-made but authentic community. ENTA aims to speak to a new kind of homeowner - someone who values design, function, and feeling in equal measure. It's a brand grounded in creative integrity, but also built to perform, whether you're living in it or investing in it.' In May 2025 RAK Properties published its Q1 2025 financial results in which the Company recorded notable growth in revenue and profit, reflecting the strength of its operational performance and continued development momentum. In April 2025, RAK Properties commenced sales on is Anantara Mina Residences project – a community of 103 luxury apartments and villas, set along the waterfront of Hayat Island, Mina. About RAK Properties Founded in 2005 under the visionary leadership of His Highness Sheikh Saud Bin Saqr Al Qasimi, Ruler of Ras Al Khaimah, RAK Properties is a leading real estate developer committed to producing exceptional and sustainable destinations. Specialising in contemporary and meticulously crafted communities, RAK Properties integrates excellence, innovation, and nature to create enriching lifestyles in alignment with the aspirations of tomorrow's people. RAK Properties plays a pivotal role in achieving RAK Vision 2030, focusing on delivering economic, social, and environmental value, all aimed at enhancing lives and places, and contributing to the prosperous narrative of Ras Al Khaimah. Awards and recognitions Awarded 'Developer of the Year' 2023 by Construction Week Middle East. Bay Views Residences won the 'Best Residential Project' at the Design Middle East Awards 2023, where the residential development was recognized as the region's best design and architecture. Quattro Del Mar was awarded the Best Mixed-Used Project at the prestigious Pillars of Real Estate Awards 2024.
