Latest news with #co-working
Arabian Business
20-05-2025
- Business
- Arabian Business
Ras Al Khaimah premium residences with co-working spaces see rising demand: Report
UAE-based property firm The Luxe Developers reports increasing demand from high-net-worth investors in Ras Al Khaimah for premium residences featuring integrated co-working spaces. The trend stems from investors and professionals seeking flexible, business-ready living environments, which is transforming the luxury real estate market in the UAE. Research from Mordor Intelligence confirms this shift, projecting the UAE co-working space market to grow by over 43 per cent by 2029. In response, luxury residential developers are incorporating business facilities within high-end properties, enabling residents to work from home whilst maintaining luxury standards. Shubam Aggarwal, Chairman and Co-owner of The Luxe Developers, said: 'Traditionally, luxury residences have been associated with leisure and exclusivity. However, with remote work and global entrepreneurship on the rise, affluent buyers are now prioritising developments that support their professional needs as much as their lifestyle aspirations. Investors and professionals are no longer looking at luxury properties solely as homes or holiday residences; they want spaces that enable them to work efficiently while enjoying an ultra-luxurious lifestyle.' The firm has launched two projects on Al Marjan Island – the sold-out Oceano development and the recently unveiled La Mazzoni project, valued at AED 2.3 billion. La Mazzoni offers fully furnished luxury residences designed for ultra-high-net-worth individuals who require professional working spaces within their residential community. 'With La Mazzoni, we have designed fully furnished luxury residences that meet the demands of a new generation of global business leaders who expect top-tier co-working facilities within their private residence community. In addition to world-class amenities, we have carefully crafted co-working spaces inspired by nature to curate an environment that blurs the boundaries between personal sanctuary and a thriving entrepreneurial ecosystem,' Aggarwal added. Ras Al Khaimah's investment boom As co-working spaces expand throughout the UAE, Ras Al Khaimah is becoming a destination where business and leisure intersect, creating opportunities for investors and entrepreneurs seeking property that accommodates both lifestyle and professional requirements. The emirate has positioned itself as an investment hub, offering high-end developments in a more exclusive environment. Market analysts report price increases of up to 60 per cent in the emirate, driven by investor confidence and planned mega-developments. Siddharta Banerji, Managing Director and Co-owner of The Luxe Developers, explained: 'The future of luxury real estate is about creating homes that are more than just a place to live; they must cater to every aspect of modern life, including business and productivity. This is why La Mazzoni offers fully equipped workspaces alongside world-class leisure amenities. Integrated co-working spaces in La Mazzoni are built to foster networks where like-minded resident entrepreneurs, venture capitalists, and creatives can cross paths. Our co-working spaces are designed to inspire ideas and future collaborations.' 'Ras Al Khaimah is no longer just a second-home destination; it is now the primary choice for modern investors seeking a lifestyle destination that offers the versatility of a personal retreat combined with a professional hub,' Banerji concluded.
Yahoo
10-05-2025
- Business
- Yahoo
Its dream of owning a downtown space collapsed. Now a business incubator has a new home.
WEST PALM BEACH — Three years after a failed effort to acquire a prominent city-owned Clematis Street building, a nonprofit business incubator is celebrating moving into new digs in a historic building on the city's main downtown avenue. 1909, a co-working space that offers classes and networking opportunities to 250 paying members, moved in April into a new spot on the third floor of the Comeau building on the 300 block of Clematis. The 9,000-square-foot office space is more than double the size of 1909's previous location on Datura Street. The seven-year-old organization, which is celebrating the move with a private party May 10, said it was a necessary step for its growing list of members and its ambitions to provide more services to support local start-up businesses. The move comes three years after 1909 thought it had struck a deal with the city to buy a much larger city-owned building across the street, the site of the former Off the Hookah nightclub. 1909 narrowly won a competitive bidding process in 2022 to buy the 30,000-square-foot site from the city for $10.5 million. It won over commissioners and the mayor by promising to create a dynamic, affordable space for budding entrepreneurs to work, congregate and thrive. But city commissioners called off the deal two months later after 1909 revealed that another company would finance most of the purchase and that 1909 would be using less than half of the space itself. The director of the city's Community Redevelopment Agency ended negotiations with the group, saying that 1909's proposal 'didn't reflect what was presented to the board.' Mayor Keith James lambasted the group for using "smoke and mirrors" to try to pull off a "bait and switch." The group countered at the time that it had no idea that a partnership with another company would be treated as a deal-breaker. In an interview, 1909 co-founder Danielle Casey said that the growing nonprofit's new private office spaces are already booked and that it is already mulling its next move after its five-year lease ends. 'We've moved 200 businesses to the city's main street,' she said. 'We're already at capacity.' 314 CLEMATIS: A colorful history of 314 Clematis: A hookah lounge, furniture store and iconic department store The incubator and its members love being in the downtown center, where plenty of the business's clients are based, she said. But for 1909 to reach its potential, it will need a larger space where members can display and sell their products. In the meantime, though, she said members are enjoying creating an 'entrepreneurial ecosystem' in their new location. 'The biggest value is honestly the community,' she said. 'It's a support group.' Sign up for our Post on West Palm Beach weekly newsletter, delivered every Thursday! Andrew Marra is a reporter at The Palm Beach Post. Reach him at amarra@ This article originally appeared on Palm Beach Post: Business incubator 1909 moves into new Clematis Street office
