
Amirah breaks ground on its debut project at Dubai Islands
UAE-based Amirah Developments yesterday (June 25) officially broke ground on its inaugural project, Bonds Avenue Residences, at the Dubai Islands – the new waterfront destination close to the emirate's historic downtown Deira district and the Gold Souq.
Nestled in the heart of Dubai Islands, one of Dubai's most transformative master-planned coastal destinations, Bonds Avenue Residences sets a new standard for premium waterfront living.
Bonds Avenue Residences will feature a curated mix of one-, two-, and three-bedroom apartments, along with three-bedroom townhouses and triplexes, and opulent four-bedroom penthouses.
Unit sizes range from 810 sq ft to 4,416 sq ft, with starting prices from AED1.63 million to AED9.95 million, ensuring diverse options for both investors and end-users.
Designed to maximise space and natural light, the residences showcase corner less, flowing layouts that break free from conventional design constraints. Panoramic windows offer uninterrupted views of the Arabian Gulf's turquoise waters and Dubai's iconic skyline, enhancing everyday living with breath-taking vistas, said the developer.
The development combines striking architectural forms with functional, spacious interiors, offering residents a seamless blend of luxury, comfort, and connectivity, it stated.
This ground-breaking marks the commencement of the construction of the project, just a month after its launch. It was attended by senior management, founding members, strategic partners and key stakeholders including project consultants and the main contractor.
The event signifies the company's unwavering commitment to shaping Dubai's evolving urban fabric with timeless design and sustainable, community-centric living.
Speaking on the occasion, Founder and Chairman Muhammad Yousuf Jafrani said: "Bonds Avenue Residences is more than just a development; it is a living testament to our promise of delivering sophistication, innovation, and enduring value. Today, we take the first step toward creating an address that will redefine coastal living for generations to come."
Residents will enjoy exclusive access to a wealth of world-class amenities, including infinity pools, tranquil wellness zones, dedicated yoga decks, landscaped gardens, padel courts, and children's play areas, stated Jafrani.
The design philosophy places community well-being at the forefront, fostering an environment where families and individuals can thrive, he added.
Copyright 2024 Al Hilal Publishing and Marketing Group Provided by SyndiGate Media Inc. (Syndigate.info).
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Gulf Business
an hour ago
- Gulf Business
New $205m agreement to boost UAE-GCC power grid interconnection
Image courtesy: WAM/ For illustrative purposes Abu Dhabi Fund for Development (ADFD) has signed a Dhs752m ($205m) financing agreement with the Gulf Cooperation Council Interconnection Authority (GCCIA) to support the expansion of the GCC power grid interconnection with the UAE's national electricity network, state news agency WAM reported. The agreement, signed at The infrastructure project forms part of broader efforts to enhance regional energy resilience and enable wider economic and developmental integration, aligning with the UAE Energy Strategy 2050. The strategy aims to create an energy system that is both sustainable and economically efficient. Initiative will increase electricity transmission capacity between UAE and GCC Designed as a strategic grid upgrade, the initiative will significantly increase electricity transmission capacity between the UAE and the GCC network. Technical and economic feasibility studies have supported its design, in line with the GCCIA's vision for a durable, regionally connected power infrastructure. The project includes the construction of a 400kV double-circuit overhead transmission line spanning 96 kilometres, connecting the Al Silaa substation in the UAE with the Salwa substation in Saudi Arabia. It also entails the expansion of three substations — Gonan, Al Silaa, and Salwa — and the installation of advanced 400kV switchgears, circuit breakers, and reactors, along with modern protection and control systems to enhance grid efficiency and reliability. 'This project reflects ADFD's commitment to financing high-impact infrastructure that supports the UAE's development priorities,' said Mohammed Saif Al Suwaidi, director-general of ADFD. 'Power grid interconnection is a strategic enabler of energy security and a foundation for accelerating the transition to He added that the project would 'increase the efficiency of the power grid, improve emergency preparedness, strengthen connectivity with regional partners, and promote the integration of renewable energy,' supporting the GCC's sustainability and emissions reduction goals. Engineer Ahmed Ali Al Ebrahim, CEO of the GCCIA. called the initiative the first phase of a broader collaboration with ADFD during the current grid expansion and noted parallel efforts to interconnect with Kuwait, Oman, and southern Iraq, representing a total investment exceeding $1bn. 'By leveraging increased transmission capacity, we aim to activate a unified Gulf electricity market to facilitate cross-border power trade,' Al Ebrahim said. 'This could create economic opportunities projected to exceed $20bn over the next 15 years.'


Arabian Business
an hour ago
- Arabian Business
Deloitte and AWS unveil $1bn Middle East digital transformation alliance by 2030
Deloitte Middle East and Amazon Web Services (AWS) have announced a landmark expansion of their strategic alliance, aiming to deliver $1bn worth of digital services by 2030. The agreement is set to transform key sectors across the Middle East by advancing cloud adoption, AI integration, and digital resilience at scale. Unveiled during a leadership meeting at Deloitte's offices in Dubai, the collaboration will drive large-scale transformation through cloud-native technologies, secure infrastructure, and generative AI, while also expanding talent capabilities and technical infrastructure in the region. Deloitte Middle East and AWS partnership This initiative will focus on helping organisations across industries modernise operations, boost agility, and unlock innovation. Sectors to benefit include: Banking and financial services Energy and utilities Public sector and healthcare Key focus areas will include: Cloud strategy and architecture Application modernisation AI development and integration Cybersecurity and governance Deloitte will increase its network of AWS-certified professionals and establish dedicated Centres of Excellence across the Middle East to support complex digital transformation efforts. Rashid Bashir, Technology and Transformation Leader at Deloitte Middle East, said: 'This initiative is a major step forward in our mission to drive large-scale transformation for organizations across the region. 'By deepening our alliance with AWS, we are not only investing in advanced technologies but also in the talent and tools that local businesses need to thrive. 'Together, we will help clients accelerate innovation, build resilience, and unlock long-term value through cloud and AI adoption at scale – starting right here in the Middle East.' The expanded alliance builds on successful collaborations in Europe and Africa, where Deloitte and AWS have supported hundreds of organisations with full-spectrum digital transformation—from strategy to execution. Tanuja Randery, Managing Director for Europe, Middle East and Africa at AWS, said: 'This collaboration means Deloitte and AWS can bring their proven methodology for industry solutions to customers in the Middle East. 'Customers can look forward to significantly accelerating the pace of their bold transformation projects by having a partner which will stay with them from inception to value realisation'.


The National
10 hours ago
- The National
Beyond the Bottom Line: How UAE Companies Can Turn Tax Compliance into Competitive Advantage
This column focuses on different treatments of tax law. If you are in a certain industry, what is the correct timing when invoicing? What information is mandatory on supplier invoices? You can continue to ask questions of this nature up to and including internal document management and compulsory filing with external parties. By way of consequences, inevitably it is the stick, not the carrot, that delivers the greatest response. It is important to understand what penalties can be applied and the sum value of interest on those. This is because it is typically at a later time that problems are discovered. Focusing on the carrot, let us reframe this as a positive business proposition. It is a useful exercise to revisit, line by line, component by component, your profit-and-loss statement to see if contributing elements are optimised. One part often overlooked is tax. Not just corporate tax, but VAT – and depending on your business activities – excise and customs duties. You can tell a lot about a chief executive's leadership by what draws their attention first. 'Sales is vanity, profit is sanity and cash flow is reality.' In uncertain times this adage is never more true. Let's start with sales. From an organisational viewpoint, the location of sales should cause you to consider having a separate entity for non-Gulf business. Depending on what and where you do it, this business might be exempt from corporate tax. At the very least, you can elect to sit outside the UAE's VAT system having satisfied the relevant authorities that you comply with their conditions. What would be lost in reclaimable VAT would be counterbalanced by not having to comply with rules of treatment for client and supplier invoices. Add to that reporting and the potential for disruptive external audits to normal internal operations. Let us add another layer. As more rules are introduced to a tax regime, it requires more effort to manage the increased difficulty. Several regimes that are adding new or amending existing rules, often tugging operational practices in different directions, require an alternative management approach. The worst outcome is when the rules of one tax regime are permitted to dictate the actions of another and do so incorrectly. For example, I've worked with people who, for years, thought that VAT did not apply to their revenue. These businesses will discover that the people to whom they are filing their annual corporate tax return, detailing their revenue, are the same as those they are not reporting their VAT related revenue to. If this is the position you find yourself in, admit the error. The relevant authorities will work with you to correct matters. Yes, with penalties, but having dealt with and settled your dues, the issue is considered resolved and everyone moves on. The above are examples of what you might find when you review your sales processes. It's not a comprehensive list. Let us move on to cost of goods and services. Does your business track the profitability of each piece of work it does at a consolidated level? For a corporate tax perspective, you are interested in whether any of your suppliers are related or connected parties. This means understanding the different parties that make up your supply chain. While you are looking at that, take a look at your margins. While we are talking about transfer pricing, what happens when a related party is not a direct supplier, but instead supplies one who is. Do the same rules of proving that transactions are being carried out at arm's length apply? I do not know. It's possible that a business might be unaware that it's happening. Given ignorance is no defence in law, that might not be sufficient, should it be discovered. Would the value of such business matter? A one-off transaction of value verses multiple micro transactions. Given the breadth of what constitutes a related party in the UAE, it might be easier than you think to find your organisation in this position.