Latest news with #SaeedMohammedAlQatami
Arabian Post
2 days ago
- Business
- Arabian Post
Deyaar Aims High with AED 2 Billion Flagship Residential Tower
Dubai-listed Deyaar Development has announced ambitions to achieve sales of nearly AED 2 billion from its Downtown Residences project in Business Bay, CEO Saeed Mohammed Al Qatami confirmed to CNBC Arabia. The mammoth twin‑tower, rising over 110 storeys and reaching 445 metres in height, is slated to commence construction in the fourth quarter of 2025. Completion is targeted for the end of 2030, with the project offering 522 residences, including one‑ to three‑bedroom apartments, duplexes, penthouses and an exclusive 'royal palace' at its summit. Al Qatami emphasised the strength of Deyaar's current development pipeline, valued at AED 1.1 billion and sufficient to sustain operations for the next two years. To complement this, the firm maintains liquidity of AED 1.8 billion alongside bank facilities totalling AED 900 million. The CEO also said that Deyaar will deliver five projects beginning July, indicating a phase of robust execution. Those five developments, amounting to approximately AED 8 billion, align with Deyaar's strategy of capitalising on strong demand in the UAE residential market. In February, the company confirmed plans to launch four projects in Dubai and one in another emirate, targeting AED 4 billion in sales this year. The earlier debut of Rivage on Al Reem Island, a waterfront community in Abu Dhabi, was fully sold, marking a successful expansion beyond Dubai. ADVERTISEMENT Financially, Deyaar recorded a strong start to the year, posting a net profit before tax of AED 119.8 million in the first quarter—up 54 per cent year‑on‑year. This reflects the combined impact of project launches and rental income from retained retail and office assets. Downtown Residences has been described as Deyaar's most ambitious undertaking, set within Dubai's 'golden triangle' and adjacent to the Business Bay metro station. Positioned for residents to enjoy sweeping views of Downtown Dubai, Sheikh Zayed Road, the Burj Khalifa and the Arabian Gulf, the development promises a transformative living experience. The vertical twin towers will feature five lifestyle zones—a ground‑level urban oasis, wellness‑focused sensory podiums with floating gardens and AI‑enabled meditation pods, executive business lounges, and a 'Sky Mansion' at the summit. The top floor will house a private dining club, exclusive lounges and a screening room. Dubai's property market backdrop remains bullish. Last year, real estate deals in Dubai reached AED 761 billion—a 20 per cent gain—while property prices climbed 19 per cent, according to Knight Frank. Ultra‑luxury sales soared, particularly in early 2025. However, Fitch Ratings recently warned of a potential 15 per cent price correction amid anticipated project deliveries doubling over the next two years. Deyaar's financial posture remains conservative yet opportunistic. Majority owned by Dubai Islamic Bank, the developer has restructured financial liabilities and reduced legacy losses over the past years. Its blend of equity-backed and bank‑funded new launches, along with retained rental assets, supports a balanced business model. Analysts note that with demand supported by long‑stay visas for retirees and remote workers, as well as the 10‑year golden visa programme, Dubai's property sector continues to attract international buyers. Deyaar's move to reserve rental components within its developments will allow it to tap both sale and leasing markets.
Zawya
3 days ago
- Business
- Zawya
Dubai's Deyaar eyes $545mln in sales from Downtown Residences project
Dubai-listed Deyaar Development is targeting sales of almost 2 billion UAE dirhams ($544.59 million) from its flagship Downtown Residences project in Business Bay, according to CEO Saeed Mohammed Al Qatami. The 110-storey-plus residential tower is expected to break ground in the fourth quarter of 2025, he told CNBC Arabia. The company's development portfolio stands at AED 1.1 billion, which is sufficient for the next two years, Al Qatami said. Deyaar will deliver five projects this year starting July, CNBC Arabia reported. The company has liquidity of nearly AED 1.8 billion and banking facilities of approximately AED 900 million, it said. Last week, Deyaar had announced in a press statement that the 445-metre tall residential twin tower is scheduled for completion in the fourth quarter of 2030. (Writing by P Deol; Editing by Anoop Menon) (
ME Construction
13-06-2025
- Business
- ME Construction
Deyaar unveils Downtown Residences in Dubai
Property Deyaar unveils Downtown Residences in Dubai By Downtown Residences aims to re-imagine urban living by drawing inspiration from Maslow's Hierarchy of Needs Deyaar Development has unveiled Downtown Residences, a 445m tall residential development that will feature twin towers designed around the concept of vertical living. By presenting the concept of vertical living, Downtown Residences reinforces Deyaar's commitment to luxury living. Offering 522 units with views of downtown Dubai and the Burj Khalifa the project will feature a diverse range of one to three bedroom apartments, duplexes, penthouses, and an exclusive Royal Palace at the tower's summit. The residences will provide a blend of luxury and convenience, said a statement from the developer. The launch follows the success of Deyaar's previous developments in Business Bay, showcasing its contribution to shaping Dubai's urban living. Dynamic Avenue, a wellness and social hub will offer a curated lifestyle for residents while Sky Pinnacle 360, aims to provide amenities tailored to every dimension of elite urban living. Dynamic Avenue will also feature playrooms, multi-function lounges, kids' creative havens, and curated social retreats. Saeed Mohammed Al Qatami, CEO of Deyaar Development said, 'We are proud to announce Downtown Residences, Deyaar's most ambitious project to date, situated in one of Dubai's most prestigious locations. This luxury high-rise is designed to transform urban living, offering residents an elevated experience that combines comfort, style, and modern amenities. Each floor has been carefully crafted to enhance the quality of life, creating spaces that foster connection and inspiration.' 'Our vision for Downtown Residences goes beyond mere construction; it is a commitment to excellence and innovation in real estate. We are confident that this landmark project will not only set a new standard for luxury living but also create exciting investment opportunities. Investors can trust that Downtown Residences will be a vital part of Dubai's ongoing growth and development, aligning with the aspirations of the city and its vibrant community,' he added. 'Downtown Residences re-imagines urban living by drawing inspiration from Maslow's Hierarchy of Needs, transforming traditional residential design into a structured journey of luxury, community, and self-actualisation. This transformative concept evolves traditional residential design into a structured journey of luxury, community, well-being, and self-actualisation,' added Patrick Bernard Rouse, Chief Development Officer at Deyaar Development. Midway through the tower a Sensory Oasis will offer floating gardens, air yoga zones, AI meditation pods, an invisible spa, and luxury fitness spaces. At 100 storeys up, the Summit Society will boast dining concepts, exclusive lounges, a screening room, and Legacy Lounge. Downtown Residences will also have a residents Club with AI-powered workspaces, private executive pods, and networking hubs for business leaders. The project will feature a dramatic central slit and five vertical zones that ascend from the Urban Oasis at podium level to the Sky Mansion. The integrated landscape design blurs the lines between nature and built space, offering serene moments within the high-energy bustle of the city, the developer said.
Arabian Post
11-06-2025
- Business
- Arabian Post
Dubai's Skyline Set to Soar with TwinLuxury Heights
Arabian Post Staff -Dubai Deyaar Development PJSC has officially launched Downtown Residences, a twin-tower residential project rising to a striking 445 metres in Dubai's golden triangle where Sheikh Zayed Road meets Downtown Dubai and Business Bay. The development will house 522 units across one- to three-bedroom apartments, duplexes, penthouses and an exclusive Royal Palace perched at the summit, marking a new milestone in vertical luxury living. Dubai is amid a surge of super‑tall skyscraper projects. Alongside Deyaar's venture, Burj Azizi is planned to reach approximately 725 metres, while Burj Binghatti Jacob & Co is projected at around 557 metres. Downtown Residences, with more than 110 floors, will rank among the tallest residential towers in the emirate and is set for delivery in the fourth quarter of 2030. ADVERTISEMENT Deyaar's chief executive, Saeed Mohammed Al Qatami, described the project as a transformation of urban living, combining comfort, style and advanced amenities. He emphasised its potential to attract both residents and investors while enhancing the Dubai skyline. The company signals that the project is part of its strategy, expanding its 2025 pipeline beyond an earlier target of AED 8 billion through new launches. Drawing inspiration from Maslow's Hierarchy of Needs, the design concept organises the residential experience into five vertical zones, each catering to a different level of wellbeing and lifestyle aspiration. The lower zone—Dynamic Avenue—will include family areas such as children's creative spaces, playrooms, and communal lounges, fostering social connection. The Sensory Oasis, positioned midway, will offer floating gardens, air yoga zones, AI-powered meditation pods and an 'invisible spa' combined with fitness amenities. At roughly 100 floors high, Summit Society will provide private dining venues, exclusive lounges, and a screening room. The Residents' Club will include AI-enhanced workspaces, executive pods and networking hubs, while the Sky Pinnacle 360 zone culminating in the Sky Mansion and Royal Palace will represent the architectural pinnacle. Architecture highlights include a dramatic central slit, vertical gardens woven through the structure, and podium-level urban oases. Outdoor terraces and community spaces such as The Collective and Serenity Haven aim to blend urban energy with serenity. Panoramic views of the Burj Khalifa, Arabian Gulf and Sheikh Zayed Road will feature prominently, underscoring the building's centrality and visual impact. The site is also adjacent to the Business Bay metro station, emphasising convenience and connectivity. In context, Downtown Residences forms part of a robust real estate market supported by government initiatives such as long‑term residency schemes and golden visa programmes, along with strong investor interest. Last year, Dubai recorded AED 761 billion in real estate deals, a 20 percent year-over-year increase, while unit prices rose nearly 19 percent. However, recent analysis from Fitch warns of a potential 15 percent price correction in the face of increasing supply as new units deliver in 2025 and 2026. ADVERTISEMENT Within the current landscape, several super‑tall residential towers are either in planning or under construction. For instance, the 557‑metre Burj Binghatti Jacob & Co is expected to top out in 2027. Meanwhile, the 725‑metre Burj Azizi and a host of other vertical developments are progressing. Downtown Residences will complement these, contributing to a vertical growth strategy that increasingly defines Dubai's urban identity. Deyaar, with a 23‑year history in the UAE real estate sector, has previously completed numerous projects across Business Bay and downtown districts. The developer anticipates concluding the current series of launches with AED 4 billion in sales for 2025. Compared with the tallest completed residential towers in Dubai, such as Marina 101 and Princess Tower, Downtown Residences will exceed these heights, adding further prestige to the skyline. In the under‑construction category, towers like Bayz 101 and Six Senses are among peers. Dubbed a 'vertical residential community', Downtown Residences aims to offer more than luxury living; it's intended as a lifestyle destination combining wellness, exclusivity and high‑end design. By aligning with evolving buyer preferences—especially among high‑net‑worth and remote‑worker demographics—the development emphasises contextually relevant amenities, location and architectural prominence. As Dubai positions itself at the forefront of global luxury real estate, Deyaar's Downtown Residences emerges as a test case in balancing scale, innovation and market demand. With units reportedly starting from AED 1.8 million, early indicators suggest strong investor interest in the lower‑priced tiers. Simultaneously, the Royal Palace and sky‑level offerings reflect ambitions to cater to ultra‑luxury buyers. Deyaar's vision, articulated by both Al Qatami and Patrick Bernard Rouse, frames Downtown Residences as more than just a building—it is a calibrated response to hierarchical human needs and emerging market dynamics. By integrating connectivity, wellbeing, community and status across vertical zones, the concept attempts to redefine high‑rise living.
Hi Dubai
11-06-2025
- Business
- Hi Dubai
Deyaar Unveils World's Tallest Vertical Residences in Dubai
Deyaar Development PJSC has launched Downtown Residences, an ambitious twin-tower project set to become the world's tallest vertical residential community. Strategically located in Dubai's golden triangle—Sheikh Zayed Road, Downtown Dubai, and Business Bay—the development aims to redefine high-rise luxury living with panoramic views, curated lifestyle zones, and architectural distinction. The 522-unit project includes a diverse mix of one- to three-bedroom apartments, duplexes, penthouses, and an exclusive Royal Palace crowning the tower. Designed for both residents and investors, the development integrates innovation and urban mobility, with direct proximity to the Business Bay metro station. 'Downtown Residences is Deyaar's most ambitious project to date,' said Saeed Mohammed Al Qatami, CEO of Deyaar. 'This high-rise is designed to transform urban living, offering residents an elevated experience that blends comfort, style, and cutting-edge amenities.' Conceptually inspired by Maslow's Hierarchy of Needs, the towers are divided into five distinct vertical zones. These include the Dynamic Avenue with family-focused amenities, the Sensory Oasis with AI-powered wellness experiences, the Residents' Club for executive workspaces, the Summit Society for private social gatherings, and the Sky Pinnacle 360—a symbol of self-actualized living at the tower's crown. Patrick Bernard Rouse, Chief Development Officer at Deyaar, said the project reimagines vertical living as an aspirational journey. 'Each segment of the tower is a curated lifestyle experience, designed to address not just functional needs, but emotional and aspirational ones.' The twin towers are connected by a dramatic central slit and incorporate nature through vertical gardens, outdoor terraces, and spaces like The Collective and Serenity Haven—fostering a balanced lifestyle that blends wellness, work, and play. With a 23-year legacy in the UAE real estate market, Deyaar continues to play a central role in shaping Dubai's skyline. Downtown Residences stands as a bold statement of intent, setting a new benchmark for high-rise residential development in one of the world's most dynamic cities. 'This is not just a home—it's a vision of what vertical living can be,' Al Qatami said. 'We are proud to shape the next chapter of Dubai's architectural excellence.' News Source: Gambit
