Tag: branded residences Dubai

AMIS Breaks Ground on Jacob & Co. Villa Community in Meydan

The groundbreaking reflects sustained confidence in Dubai’s residential sector as AMIS advances toward a projected Dh5 billion development pipeline by year-end. The fully funded, debt-free developer is backed by institutional capital from Asia and has positioned itself for a public listing within three to four years targeting a $10 billion valuation.

Fleurs de Jardin comprises ultra-luxury five-bedroom villas and six-bedroom grand mansions designed to reflect Jacob & Co.’s signature aesthetic and refined detailing. The community is named after one of the high-jewellery, high-watchmaking brand’s most elaborate timepiece collections.

“The groundbreaking of Fleurs de Jardin is much bigger than the start of construction on a single project,” said Neeraj Mishra, Founder and CEO of AMIS GPD Development. “It reflects the strength of the UAE’s real estate market and the confidence that investors continue to place in the country’s long-term vision.”

Since entering the UAE market, AMIS has launched six projects across Dubai with an execution-led approach. Despite being among the last developers to acquire land within Meydan District 11, the company is on track to become one of the first to complete and handover a community within the district when it delivers its Woodland Residences next year, also located in District 11.

The near-complete Woodland Residences features premium finishes including surfaces made by Automobili Lamborghini, showcasing the quality and design approach AMIS is bringing to the location. The project reflects the developer’s commitment to delivering value for investors and homeowners through timely execution.

“The groundbreaking of Fleurs de Jardin reflects the strength of our partnership with AMIS GPD Development and our shared vision for creating truly exceptional residential experiences,” said Jacob Arabo, Founder and Chairman of Jacob & Co. “We are excited to see this unique project move from concept to reality and look forward to once again bringing Jacob & Co.’s craftsmanship, exclusivity and creativity into luxury real estate.”

The developer operates through a fully funded, debt-free business model with a build-before-sell strategy that has enabled rapid scaling while maintaining financial discipline. AMIS’s current portfolio spans more than 340 units with a combined development value exceeding Dh2 billion.

The Meydan District 11 location positions residents near Dubai’s evolving infrastructure and connectivity network. The broader Meydan area has attracted significant developer interest as Dubai’s Gold Line metro advances toward its September 2032 opening, connecting Mohammed Bin Rashid City and surrounding communities.

As AMIS scales toward its Dh5 billion pipeline target, the company maintains its focus on execution quality and stakeholder value creation. The developer’s trajectory reflects broader market dynamics as Dubai real estate attracts $272 billion in projected investment over the next five years, driven by population growth and foreign capital inflows.

June 19, 2026
Kappa Acca Launches Ritz-Carlton Residences at Business Bay with AED 30M Starting Price
The 18-floor waterfront development along the Dubai Water Canal features one to six-bedroom residences managed by The Ritz-Carlton brand, introducing a new standard of branded luxury living in one of Dubai’s most central business districts.

Construction officially began on January 14, 2026, with the project operating on a 10/55/35 payment plan: 10% down payment at launch, 55% during construction in four installments, and 35% on handover in mid-2027.

Unit configurations and pricing:
- One to three-bedroom apartments: pricing to be confirmed
- Four-bedroom residences: 5,629 to 6,583 sq ft, starting from AED 30 million
- Six-bedroom penthouses: 12,680 to 12,853 sq ft, priced from AED 60 million to AED 65 million
Each residence is delivered fully furnished with natural oak flooring, marble surfaces, floor-to-ceiling windows, and expansive private decks featuring exclusive plunge pools overlooking Downtown Dubai and the Dubai Water Canal.

“The Ritz-Carlton Residences at Business Bay represents the pinnacle of luxury residential living, seamlessly blending legendary service with unparalleled sophistication,” according to project materials.

The development offers 24/7 concierge services, housekeeping, valet parking, a state-of-the-art fitness center, spa and wellness facilities, a resort-style swimming pool, and on-site fine dining managed by The Ritz-Carlton hospitality team.

Business Bay’s strategic location provides direct access to Sheikh Zayed Road and Al Khail Road, with Downtown Dubai and Burj Khalifa within walking distance. Dubai International Airport is a 20-minute drive, while Dubai Marina is 15 minutes away via Sheikh Zayed Road.

Transaction data shows sustained demand for branded residences in the tower, with recent sales including a two-bedroom apartment for AED 12.3 million in March 2025, a three-bedroom for AED 12.2 million in November 2024, and a four-bedroom for AED 27.2 million in August 2024.

The project is offered as freehold property, allowing full ownership rights for both local and international buyers. A 4% government registration fee applies to all transactions.

Kappa Acca Real Estate Development owns the project, with The Ritz-Carlton providing management and hospitality services. The developer has positioned the tower as a long-term investment targeting high-net-worth buyers seeking turnkey luxury residences in Dubai’s central business corridor.

The launch adds to ongoing momentum in Dubai’s off-plan apartment market, which recorded AED 17.5 billion in sales in March 2026. Business Bay continues to attract significant development activity, with commercial property prices rising 28% year-on-year in early 2026 despite regional challenges.
April 7, 2026
Palm Jumeirah Off-Plan Apartment Sells for Dh92.5 Million

The 11,520-square-foot apartment was sold at an average price exceeding Dh8,020 per square foot, according to data from the Dubai REST application operated by the Dubai Land Department. The property is located within the Armani Beach Residences development, one of Palm Jumeirah’s high-end branded residential projects.

The transaction comes amid sustained activity across Dubai’s property market, with total real estate transactions reaching approximately Dh2.4 billion by midday trading on Monday, while property sales alone exceeded Dh1.86 billion.

Dubai’s luxury property segment has experienced exceptional growth in recent years, fuelled by increasing demand from high-net-worth individuals drawn to the emirate’s investor-friendly regulatory framework, favourable tax environment, and global lifestyle appeal.

The emirate recorded 6,668 luxury property transactions worth a combined Dh143.8 billion in 2025, compared with 4,735 deals valued at Dh99.3 billion in 2024, marking a 41% increase in transaction volume and a 45% rise in total value.

The Dh92.5 million sale follows another significant transaction earlier this month, when Dubai recorded a Dh422 million apartment sale at Aman Residences, marking the third most expensive apartment transaction in the emirate’s history.

The ongoing strength in Dubai’s luxury residential market reflects broader trends across the emirate’s real estate sector. February 2026 saw property sales surge 18% to $16.5 billion, with off-plan sales comprising 62% of total activity.

Palm Jumeirah remains one of Dubai’s most sought-after addresses for ultra-high-net-worth individuals, combining waterfront luxury with proximity to the city’s business districts and lifestyle amenities. The island’s branded residences, including projects by Armani, continue to attract international investors seeking trophy assets in the emirate.

March 9, 2026