Taking place on the 10-14 March at the Palais des Festivals in Cannes, France, the 2025 edition of MIPIM will bring together global retail real estate industry professionals to discuss and exchange experiences and drive business growth. Here, RLI spends some time focusing on a selection of global projects that highlight the resilience of the market in a rapidly changing world.
Offering unrivalled access to the largest number of development projects and sources of capital in the world, MIPIM is the international event where all sectors of the real estate industry meet to make their future a reality, today.
With 19,300sq m of exhibition space, MIPIM is the property event to discover new opportunities and meet key international stakeholders. Visitors can spotlight their business in MIPIM’s extensive exhibition space, or unlock opportunities by engaging with a wealth of stands from real estate investors, developers, local authorities, innovators and more.
The event will also feature multiple conferences, where guests can get world-class, industry-leading insights to boost their businesses, in the short- and long-term through a mix of workshops, panels and keynotes that will offer unique experiences and insight. The chances to network will be vast on-site, as attendees can discuss, connect and prosper through a variety of activities and separate events.
Global Projects
Americas
Walmart has acquired Pennsylvania’s Monroeville Mall and Annex and it might open a big-box store there. A big makeover appears in the works for the 1.2 million square foot, 186-acre mall now that it’s under new ownership. Investor and developer Cypress Equities has said it will manage the property for the new owner and lead a project to “reimagine” it as a retail and commercial hub. Cypress Equities envisions a mix of uses, such as retail, restaurants, entertainment, residential, hospitality, office and public spaces.
In 2001, Taubman opened the 1.4 million square foot Shops at Willow Bend – anchored by Lord & Taylor and Neiman Marcus – to provide high-end retail options to the growing and affluent population of Plano, Texas. Soon, some of that space will be transformed into The Bend, a mixed-use, walkable destination with single-family residences and streetscapes lined with retail, dining, office and hospitality space.
Developer Centennial’s acquisition of the Macy’s building provided it with the opportunity to reconfigure the property, allowing for the addition of attached town homes and detached single-family homes, a direct response to requests from city council members. A portion of the enclosed mall’s footprint will be demolished to make room for multifamily housing options, a hotel, a neighbourhood dog park and green spaces. Residences will feature ground-level retail. While Centennial expects to retain its premier tenants at The Shops at Willow Bend, some retailers may be temporarily relocated during construction. The centre is actively collaborating with retailers throughout the process to explore future leasing opportunities at The Bend. The Shops at Willow Bend also feature a chef-driven dining area called The District. An opening date has not yet been released.
Enhancing Montreal’s iconic and ever-evolving composition with a ground-breaking approach to how people work, learn, play and live. The largest private development in Quebec, Royalmount is a densified, mixed-use project, with massive greening, public transit access and a focus on active mobility. It is a neighbourhood reimagined and a world-class midtown in the heart of Montreal. With design work by Benoy and construction completed and the scheme opened by developers Carbonleo on 15 August, Royalmount is one of the only 100 per cent carbon-neutral mixed-use developments in Canada and is a never-before-seen living environment where connectivity, creativity, sustainability and technology thrive. Royalmount has brought the best brands, experiences and offerings to Quebec. The first phase consists of an 824,000sq ft indoor and outdoor, two-level retail and lifestyle complex. It features retailers, restaurants, experiential attractions, an elevated linear park as well as a 1.8ha urban park. Just before launch, a dozen new retailers were announced at the scheme and these were Zara, Nike, Moncler, Longchamp, Anine Bing, Mango, H&M, Alo Yoga, Veronica Beard, Canada Goose, Sephora and Roche Bobois.
Plans for the transformational two-phase redevelopment of Westfield Old Orchard in Illinois include the construction of more than 600 apartment homes, street-level retail and restaurant space, a new public common area and event space, a 200-key hotel or additional residential units, a parking garage and more. Focus, the co-developer for the first phase of the project, shared that this is the first time it has included on-site affordable housing in a regional shopping mall redevelopment. The multi-faceted remodelling vision for Westfield Old Orchard first took shape in 2018 when developer Unibail-Rodamco-Westfield acquired the former Lord & Taylor space. Redevelopment plans have gone through the Village’s public review process and were approved by the Village Board on 2 December 2024. Since the Board’s action, 20 new or expanded restaurant and retail concepts have opened, including Bloomies, Bar Siena, Louis Vuitton, Alo Yoga, Vuori and many more. In addition, redevelopment and construction of the former Lord & Taylor space is underway. New tenants that opened in 2024 include home furnishing brands Arhaus and Pottery Barn, and fashion brand ZARA. High-tech mini-golf experience Puttshack was anticipated to open in late 2024. Elements of the project will continue to open until next year.
Belle Oaks Marketplace is a $285M mixed-use retail and multifamily redevelopment of the former Richmond Town Square Regional Mall into a 1.7 million square foot “live-work-play”, 798 multi-family luxury residential community that is located on an approximately 70-acre campus in the greater Cleveland MSA. Thoughtfully designed and set to complete in 2026 by developer Dealpoint Merrill, Belle Oaks Marketplace provides amenity rich living residential concepts augmented by next generation retail amenities within an urban campus environment. The property is expected to be anchored by a 159,900sq ft Meijer grocery store (expected to have two million customer visits per year), with 120,725sq ft of retail and restaurants. The property currently has an adjoining 160,000sq ft Class A self-storage facility to service the community and Belle Oaks Marketplace residents. The development also includes an approximate 10-acre nature park, a 12,000sq ft clubhouse with resort style pool, gyms, a campus business centre, 24-hour security and concierge services for residents. Being designed by a team of architects that includes Bialosky Cleveland, KTGY Architecture and MKSK Architecture, the scheme is on course to have its first sections completed this year.
PPF Real Estate Holding has diversified its footprint in the US property market with an investment in Gasworx, a mixed-use development in Tampa, Florida. The multi-phase project is designed to connect Tampa’s historical Ybor City with downtown districts and transform a currently underused area. Gasworx is a joint venture between Washington D.C.-based real estate company KETTLER Inc. and Tampa-based entrepreneur Darryl Shaw. PPF Real Estate joins the venture via its acquisition for an undisclosed consideration of a majority stake in the project’s current phase with KETTLER and Darryl Shaw. Construction works on the current stage have commenced and the expected completion is in 2027. In addition to new apartments, shops and offices, this phase involves infrastructure and public space improvements, including a new pedestrian-friendly street, multi-use trails, and a new streetcar stop connected to Tampa’s public transit system. It also contains a new public park, financed by the project’s developers, and owned by the city of Tampa. In total, the project comprises 18 development parcels and upon completion, the Gasworx district will feature approximately 560,000sq m of space for 5,000 residences, 14,000sq m of retail space and 46,000sq m of office space.
Atlanta’s West End district was once lined with the large estates of founders of companies that made it one of the city’s busiest commercial districts. However at the start of this year it was announced that Mall West End will close, be demolished and then replaced by One West End, a retail-based mixed-use project aimed to cater to both long-time and new residents in the neighbourhood that will be developed by BRP Companies and The Prusik Group. One West End will feature 125,000sq ft of retail that will include a grocery store, a fitness centre, diverse dining options and local boutiques. A residential component will feature approximately 900 mixed-income apartments, with affordable units available to those earning between 50 per cent and 80 per cent of the area median income. The development will also include student housing, a 150-key hotel, and 12,000sq ft of medical office space. During construction, several long-standing mall tenants will be relocated to a temporary on-site space. Among them are The Burning Sands, Dendera Cosmetics, True Hair and American Deli. Planet Fitness will remain in its current space during the first phase of the project which is scheduled to open in 2028.
Branch Properties is one step closer to breaking ground on its Lakeshore Mall redevelopment project in Gainesville, Georgia. The project, which has an estimated opening date of 2028, has received unanimous rezoning approval from the City of Gainesville for the 49-acre mixed-use redevelopment of Lakeshore Mall. The mixed-use destination will serve as a “community hub and a catalyst for economic growth”. Branch Properties will break ground on the project in late 2026. At full buildout, Lakeshore will feature 305,444sq ft of retail space, 652 multifamily residential units and 38,200sq ft of outdoor community greenspace. The redevelopment will also include capacity for a hotel and townhomes in future phases. Anchors Dick’s Sporting Goods and Belk will remain open throughout the project, with Dick’s Sporting Goods relocating within the property.
Asia
Chapman Taylor’s interior design project for a new five-storey shopping mall in Ürümqi, Northwest China, has now opened. With 45,057sq m of retail and leisure space, Wuyue Plaza is located in the strategically important transportation hub of Shuimogou District and the Hongguangshan Convention and Exhibition centre. The project aims to create a new ecosystem blending leisure, retail and residential elements to create a new cultural and tourist hub in the Shuimogou District transportation hub of Urumqi. Developed by Future Land Development Holdings, the shopping mall component’s unique design reflects the local landscape, mountains, lakes and deserts. This has resulted in stylised light-filled atriums and themed floors, named after concepts such as a floating city, a future garden, ‘air’ island, an interstellar walk and a time tunnel. Construction began in 2021 and was completed and opened to the public in early 2024.
Soft opened in September, the M8 revitalisation project in Macau, China by developer China Construction Engineering (Macau) Company Limited aims to make a positive contribution to cultural tourism within the city. The development revolves around creating a harmonised mixed-use urban cultural quarter that will serve as a contemporary lifestyle retail and cultural destination. With the objective of attracting visitors from both regional and international, this new destination will offer diverse opportunities to enhance Macau’s role as a co-creating hub for the promotion of cultural tourism in the neighbourhood. Taking inspiration from the rich heritage and stories of the past, the nine-storey-high retail destination will provide quality-crafted experiences that evoke an authentic sense of place. The spatial layout will take cues from Macau’s local heritage buildings and feature an open-plan hall that encourages interaction among visitors and activities. The central escalator hall will connect each level, facilitating connectivity between shops, events, exhibitions and restaurants. On the rooftop garden, guests will be able to not only enjoy views of Macau’s local streets, but also participate in diverse events promoting cultural exchange and celebration.
Aarize Group, a prestigious developer and name in real estate, has proudly unveiled Aarize The Tessoro, a revolutionary uber-luxury mall in Sector 114, Dwarka Expressway, This iconic development, unique to the Delhi NCR region, is set to redefine retail with its unprecedented focus on luxury, comfort and style. Positioned as the ultimate shopping and entertainment hub, The Tessoro introduces a bold new standard in super-luxury retail, offering a distinguished blend of international and domestic brands across fashion, entertainment, fine-dining and leisure, all within a lavish, world-class environment. The Tessoro enjoys a prime location on a 75m-wide road near Delhi and an approximate eight-ten minute drive from IGI Airport, granting it unparalleled accessibility. This location is further enhanced by proximity to significant destinations like Yashobhoomi IICC, Bharat Vandana Park and the upcoming Diplomatic Enclave, making it a key spot for shoppers, visitors and residents alike. Designed by a renowned team of designers and consultants, the building stands as a landmark with LG + G + 4 floors and two spacious basement levels for parking, providing ample space for both patrons and retailers.
Sunway Malls, one of Malaysia’s largest mall owner operators, held a ground-breaking ceremony back in August for Sunway Ipoh Mall, which is poised to be Perak’s largest mall upon completion in 2027. With a total development cost of more than RM1bn, the mall in Sunway City Ipoh will span over one million square feet of net lettable area (NLA) across four retail floors and house Perak’s first ice-skating rink, an exhibition centre, a 36-lane bowling centre, a multipurpose sports centre, a gourmet garden and a 10-hall cinema with a seating capacity of approximately 1,500. Sunway Ipoh Mall will also be built to achieve green certification, in line with Sunway’s commitment to ensuring all new buildings and premises from 2025 onwards will be green certified towards achieving the group’s goal of net zero carbon emissions by 2050.
One Bangkok, a landmark project presented by TCC Assets (Thailand) Co, Ltd and Frasers Property Holdings (Thailand), on Rama IV Road in Bangkok opened to the public on 25 October. Situated on approximately 17ha of prime real estate, One Bangkok is one of the largest private sector developments in Thailand, with an investment of US$3.2bn and aims to be “The Heart of Bangkok”. The property features world-class facilities, including office towers, luxury and lifestyle hotels and residences and retail experiences. The development comprises three dynamic retail experiences, five office towers, five luxury and lifestyle hotels, including Bangkok’s first Ritz-Carlton and Andaz. Additionally, it boasts three upscale residential towers and a vibrant arts and culture scene, all set within eight hectares of welcoming, sprawling greenery. One Bangkok also features exclusive retail experiences tailored specifically for the development, including the innovative ‘Made in One Bangkok’ collections and the avant-garde King Power City Boutique, curated by Hayon Studio. Also set to open within the development are Andaz One Bangkok hotel in 2025 and Fraser Suites Bangkok in 2026 to further boost hospitality offerings within the precinct.
International
Constructed by developers Apsys Group and with opened back in October, the Neyrpic scheme is located in the town of Saint-Martin-d’Hères opposite the Town Hall, a few minutes from downtown Grenoble and is part of a vast urban renewal project. Neyrpic aims to provide the municipality with attractive living, leisure and sharing spaces and to contribute to its economic development, in respect for the major metropolitan balances, the history of old factories and the requirements of the ecological transition. Designed as an energetic, multi-functional place where commerce, leisure, sport and nature will be inextricably linked. The heart of the project is an external square with spacious terraces – places for relaxation and fun. A place designed and implemented in accordance with the idea of sustainable development, respecting the character of the place and offering added value to the city’s residents.
Opened at the end of last year, Maximall Pompeii is a 200,000sq m shopping, hospitality, leisure and dining hub near the city of Naples and its famous coastline; it includes 146 stores, with 35 food units, a hotel, a theatre, a movie theatre, a convention hall and an outdoor amphitheatre, all surrounded by a 50,000sq m park that houses an innovative dancing fountain. Maximall Pompeii is more than a shopping destination – developed by the Irgenre Group with design work by Design International, it stands as an architectural statement and a forward-looking model of urban and regional integration. Its successful opening marks the realisation of a vision to create a holistic experience deeply rooted in its extraordinary cultural setting.
Signal Capital Partners, a multi-euro-billion UK-based private asset management firm focusing on European corporate and real estate special situations investments, along with Eurofund Group, the Pan-European real estate investment and development group, continues to make progress at Parma Promenade, the landmark retail and leisure redevelopment project in Northern Italy. Following the acquisition of Parma Retail and its ongoing transformation into Parma Promenade, Signal and Eurofund Group has secured several prominent new occupiers, further cementing the centre’s status as a premier retail and leisure destination. These new occupiers – set to open in Q1 2026 – will make a positive contribution to the mix of overall shopping, dining and leisure experience for visitors. Strategically located, Parma Promenade benefits from excellent connectivity via the A1 Autostrada and serves an extensive catchment area, including the city of Parma, which has a population of 200,000. The redevelopment project, which involves a €35M investment, will significantly enhance the retail and leisure offerings, transforming the site into Italy’s first open-air, fully integrated retail and leisure promenade.
NEPI Rockcastle is Europe’s third-largest listed retail real estate company by investment portfolio value and the largest owner, operator and developer of shopping centres in Central and Eastern Europe (CEE). Last year they opened Promenada Craiova in Romania, a greenfield development that offers the most modern shopping centre and comprehensive tenant mix in the region together with a 10,000sq m GLA retail park. Promenada delivered some notable “firsts” when it opened. Global giant Inditex chose the location for its first Lefties store in the CEE. Promenada showcased the first flagship units for top brands like Peek&Cloppenburg and Massimo Dutti. Meanwhile, Nike, Modivo, JD Sports and Sizeer joined a stunning line up of international and regional retailers who now occupy the 140 shops which line the double height mall with soaring glass roofs and atriums. The development, which completed on time and on budget, entailed the construction of a new boulevard, improving traffic and accessibility not only for the asset but also for the whole neighbourhood.
The extension and redevelopment of the former ERA Shopping Centre into Mall Moldova will create a super-regional mall serving Eastern Romania and the neighbouring Republic of Moldova, with an estimated catchment area of approximately 952,000 residents. The centre in Iasi, Romania will feature the region’s largest hypermarket, over 200 stores, more than 30 restaurants, a large entertainment and leisure facility and a dedicated home furnishing hub. Construction works are ongoing by developer Prime Kapital. In addition, approximately 5.25ha of the site is contracted by IKEA to construct and operate its first store in the Moldova region.
The upcoming 45,000sq m gross leasable area V Mall Istanbul by developer Isra Holding, is meticulously designed to offer a brand-new shopping experience and it will be located in one of Türkiye’s largest squares and at the centre of many significant projects. In the heart of Başakşehir, the future of Istanbul, V Mall Istanbul offers everything customers are looking for with its special location. Stores featuring distinguished brands are redefining the conventional shopping mall culture. In a digital shopping mall concept designed for an extraordinary shopping experience, online and offline commerce is gaining a whole new dimension. V Mall Istanbul, where you can find prestigious national and international brands from around the world, is preparing to open its doors to visitors this year upon which visitors will be invited to experience this unique mall that will change everything you know with its LED screens and exterior facade.
Shaping the Bursa city landscape and beyond, the Atış Group does not just construct buildings, it transforms lifestyle. DownTown Bursa, developed by Atış Yapı, is an epitome of modern urban living, blending luxury, convenience and innovation in the heart of the city. This state-of-the-art development offers a vibrant lifestyle with its contemporary design and diverse amenities. Located in the bustling centre of Bursa, DownTown provides easy access to key business districts, shopping centres, cultural attractions and transportation hubs. Its strategic location makes it an ideal choice for both residents and businesses. The architectural design of DownTown Bursa is a masterpiece of modern aesthetics. Sleek lines, innovative structures and sustainable materials create a visually stunning environment that reflects the dynamism of the city.
Dominus, a progressive developer specialising in urban renewal, has submitted plans for an exciting redevelopment of The Meadows shopping centre and surrounding area. The developer has ambitions to breathe new life into the heart of Chelmsford city centre, creating a new 365-day-a-year destination and revitalising the 3.5ha site in collaboration with architecture practice, JTP. Dominus has a bold vision for the site: subject to planning approval it would become a daytime and night-time destination; a thriving and sustainable mixed-use space that brings the riverside back to life and celebrates Chelmsford’s character, heritage and identity. Plans for the revitalised site include over 8,500sq m of retail, commercial and leisure space with potential to create nearly 400 full-time jobs. This is complemented by up to 762 much-needed new homes, creating a residential neighbourhood within the city centre, alleviating pressure on greenfield land for housing development that is less sustainable and more likely to contribute to commuter traffic. The area would benefit from a renewed sense of place, supported by a heritage-inspired design and nearly 1.7ha of high-quality public space, equating to the size of 2.5 football pitches. Work is anticipated to start on site this year.
Middle East
Recently opened, Solitaire in Saudi Arabia presents visitors with the ultimate shopping experience by featuring a wide range of iconic luxury brands that offer unlimited shopping potential across fashion, jewellery, watches, beauty and so much more. Developed by Al-Marqab Investment Company, Riyadh’s newest multi-use lifestyle destination consists of three aboveground levels of retail, food and beverage, entertainment, wellness and sport offerings, as well as three levels of basement parking. Majestic wind towers mark the northern and southern points of the asset, serving as iconic landmarks you will see long before arriving at the destination. Intrinsically designed around the concept of the geode, the angular stone exterior evolves and softens as you move inward through contrasting layers towards its centre. Within the city of Riyadh, Solitaire spans a GLA of over 65,000sq m, bordered by King Abdulaziz Rd, Al Imam Saud Ibn Faisal Road and Al Thumamah Road.
At the end of this year, developer Cenomi Centers is set to launch Jawharat Jeddah, which will be a new flagship development from the company and when it opens, it will become the number one mall in Jeddah for footfall and spend. The project is on course to feature 108,000sq m of GLA, more than 300 brands and over 50 flagship sites, more than ten first to Jeddah brands, three food & beverage zones and world-class entertainment.
Meanwhile, another project by Cenomi Centers that is on course to open in the first half of 2026, Jawharat Riyadh will be a watershed moment in lifestyle experiences in the Kingdom, as developer Cenomi Centers pursues an ambitious growth pipeline to develop next-generation retail and lifestyle destinations. Jawharat Riyadh will combine stunning designs with the best luxury and fast fashion retail brands and dining options, as well as futuristic entertainment, events and experiential offerings supported by technology-led customer services to create an experience like no other. The first phase of the development will offer 220,000sq m of total mixed-use space and will boast over 300 stores, restaurants, a lifestyle and co-working space along with over 50,000sq m of prime office space. It will bring luxury, lifestyle brands, entertainment and dining at a scale not seen before in the Kingdom. Jawharat Riyadh will feature distinct zones including the Luxury District, Fashion and Lifestyle Avenue, Youth and Innovation Zone and the Leisure and Entertainment District. There will also be four F&B zones, ranging from premium dining to social experiential dining as well as outdoor promenades and immersive dining around next-generation entertainment. Thirty first-to-Saudi brands and over 70 flagship stores from the most sought-after names will open in Jawharat Riyadh.
MAG Group Holding, a diversified international real estate group based in Dubai, has been selected as the lead developer to realise the first phase of Marsa Zayed, a major beachfront resort and residential community planned on the Red Sea in Aqaba, Jordan. Marsa Zayed is a transformational project to turn a 320ha section of the Red Sea beachfront into a tourism and business hub. The development will feature four residential towers, a Marina with around 1,260 residential and 117 retail units, a hotel and hotel apartment with a beach club, an Old Souq marketplace with 50 retail shops, restoration of the iconic Aqaba ‘ Minerat and a yacht club and marina, as well as a visitors’ centre.
Emaar Properties, the prime real estate development company, has completed the detailed design of Dubai Square, with the scheme set to become the second-largest shopping and entertainment mall in Dubai Creek Harbour. This significant project represents a step in establishing Dubai as a prime global destination for shopping and leisure. Dubai Square will feature breakthrough technologies and innovative concepts in retail, dining and entertainment, offering an unparalleled experience that goes beyond traditional shopping environments. Its design features pedestrian-friendly streets and encompasses 7.4 million square metres of residential space and 500,000sq m of gardens and open areas. Dubai Creek is an integrated project facilitating easy on-foot accessibility and is distinguished by a variety of retail stores, commercial ventures, entertainment and leisure destinations and top-tier facilities. The project also includes the Ras Al Khor Wildlife Sanctuary, a prominent biodiversity site in the UAE. A completion date for this groundbreaking project is not yet available.
Dubai Holding Asset Management has announced the highly anticipated opening of Nad Al Sheba Mall by developer Nakheel. The group is the owner and operator of one of Dubai’s most extensive retail portfolios encompassing 15 destinations, 10 malls and 18 centres. The 500,000sq ft mixed-use retail destination in the heart of Nad Al Sheba is set to open in April 2025. Featuring more than 100 carefully curated stores across fitness, retail, entertainment, F&B and healthcare, the mall promises a seamless blend of convenience, lifestyle and leisure. Nad Al Sheba Mall will feature premium wellness facilities, including a rooftop gym, swimming pool and padel courts, delivering a dynamic environment for recreation and relaxation. Additionally, the mall provides more than 900 parking spaces to ensure seamless accessibility. Its proximity to schools and residential communities further enhances foot traffic, creating a vibrant and dynamic environment. The mall’s spacious layout integrates indoor and outdoor areas, creating a vibrant environment for shopping, dining, and leisure.
Sobha Realty, a leading global luxury real estate developer, has commenced the construction of its flagship community Sobha Hartland in the heart of Dubai. With an estimated cost of AED 210M, the project blends the vibrancy of retail space with the serenity of an urban park, while ensuring exceptional experiences for residents and visitors. The mall is scheduled to be completed in second half of 2026. The new mall is being meticulously designed to set new standards for a luxury mall, which perfectly combines nature, culture, gastronomy and recreation. The mall’s exquisite features will provide an inspiring and memorable experience, promoting a sense of community and elevating the quality of life for residents of Sobha Hartland. With a built-up area of approximately 339,000sq ft and a gross leasable area of around 115,000sq ft, the project will house a variety of amenities, including a supermarket, gym, play courts, a soft play/entertainment zone and diverse restaurants offering a wide range of food choices. It will feature 35 retail shops and F&B outlets, along with over 10 unique dining options, establishing a new gastronomic destination for the community.
RAK Central is a progressive development in Ras Al Khaimah, for people to live, work and play. Guests will experience a vibrant ecosystem for living, working and recreation in this thoughtfully designed mixed-use commercial development that is being built over 3.1 million square feet of space. Businesses will find dynamic open-floor office plans to flexibly fit their needs. Residents will enjoy scenic views from their homes, while accessing open spaces that are suitable for pedestrian friendly activities. Their advanced workspaces, premium residences, lush green spaces and outstanding amenities are all designed to empower leading businesses and residents to achieve their best life goals.
Upon completion by developer Marjan, RAK Central will offer more than 4,000 residential apartments, three hotels with a capacity surpassing 1,000 keys, multiple parks and green spaces, various retail and entertainment facilities and several interconnected buildings with over 1,000 parking spaces for visitors. Construction work began last year and the first phase of the infrastructure and the main business complex expected to be completed in the fourth quarter of 2026.
Four Seasons, the leading luxury hospitality and branded residential company, together with RAK Properties, Ras Al Khaimah’s leading publicly listed real estate developer, has announced plans for a new beach Resort and Private Residences as part of the flagship 400ha (1,000-acre) master-planned waterfront destination – Mina. Four Seasons Resort and Residences Ras Al Khaimah at Mina will establish a new benchmark for the region’s luxury hospitality and lifestyle offerings. Designed as a sanctuary of beachfront sophistication and natural beauty with a wide array of amenities, the approximately 150 rooms, suites and signature villas, alongside approximately 130 Private Residences will elevate Mina into a premier destination to live and stay. Mina has been designed as a two-island escape amid the surrounding beauty of Ras Al Khaimah, the serene waters of the Arabian Gulf, 18km (11 miles) of waterfront and private beaches and impressive views of the Hajar mountain range.
Kuwait Real Estate Company (AQARAT), a leading real estate firm listed on the Kuwait Stock Exchange, in collaboration with IFA Hotels and Resorts, has announced the launch of the Al Tay Hills project in the Emirate of Sharjah. The project, with a total cost of AED 3.5bn, spans over six million square feet and includes 1,100 villas and townhouses with diverse designs and sizes to meet various client needs. The units range from three to six bedrooms and will be developed in three phases, each featuring private pools and modern designs that combine luxury and comfort. The first phase of the project is scheduled for delivery in the first quarter of 2028, reflecting the company’s commitment to delivering high-quality projects that enhance its position in the real estate market. The project offers a comprehensive array of facilities and services that cater to all needs in one place. These include playgrounds for adults and children, a mosque, restaurants, cafes, retail outlets, swimming pools and dedicated walking and cycling paths totalling 11km. This creates an exceptional living experience that merges modern life with nature.
