Latest news with #QUBEDevelopment
Arabian Business
3 days ago
- Business
- Arabian Business
Business Bay continues to dazzle Dubai's off-plan buyers
Business Bay recorded over AED 4.5 billion (US$1.23 billion) in off-plan real estate sales with more than 1,900 transactions in the second quarter of 2025, reinforcing its position as one of Dubai's most vibrant and in-demand residential and investment destinations. The data reflects growing investor confidence in Business Bay's unique blend of central location, skyline living, and high-performing returns. The surge in demand comes as Dubai's real estate market posted a record AED 66.8 billion (US$18.19 billion) in total sales across 18,700 transactions in May, marking a 44 per cent increase in value and a 6 per cent rise in volume compared to the same period last year. Business Bay continues to be a favourite among investors, accounting for nearly 5 per cent of the city's total sales value, despite comprising just 3 per cent of all transactions. It has maintained its reputation as a high-yield, high-appeal neighbourhood. Thanks to its strategic location between Downtown Dubai and the Dubai Canal, Business Bay continues to attract both local and international buyers with its world-class infrastructure and direct access to Sheikh Zayed Road, Dubai Metro, DIFC, and the city's leading leisure and commercial districts. As demand continues to rise, developers are responding with design-led offerings. Among the most anticipated of design-led and lifestyle-focused projects is the luxury-branded residence project by QUBE Development, in collaboration with the global hospitality group The Lux Collective and its flagship brand, LUX. 'Business Bay stands as one of Dubai's most connected and dynamic districts, and QUBE Development promises to elevate the standard of luxury living, introducing a new vision for urban sophistication and branded residence excellence in the heart of the city,' the company said. With a 30-year legacy of experience, QUBE Development is a leading developer of high-quality residential properties and commercial spaces, dedicated to transforming living spaces by integrating sustainable architecture, captivating design, and unparalleled amenities. The company is set to introduce AED 2.6 billion worth of inventory in Dubai alone by 2025.
Arabian Post
3 days ago
- Business
- Arabian Post
Business Bay's Off‑Plan Triumph Ushers New Investment Wave
Business Bay achieved over AED 4.5 billion in off‑plan real estate sales during the second quarter of 2025, completing more than 1,900 transactions and cementing its reputation as a premier residential and investment epicentre in Dubai. Contributing 5 per cent of the emirate's total real estate sales value, while representing only 3 per cent of transaction volume, the district demonstrated its enduring appeal and pricing power amid a booming market. Dubai's overall property market reached AED 66.8 billion in sales across 18,700 transactions in May 2025, marking a notable 44 per cent year‑on‑year rise in value and a 6 per cent increase in volume. Business Bay clearly emerged as a key driver of that momentum. Strategically positioned between Downtown Dubai and Dubai Canal, Business Bay offers direct connectivity via Sheikh Zayed Road and Dubai Metro, along with proximity to DIFC and upscale hospitality hubs. That prime placement, combined with high‑rise lifestyle offerings and strong potential yields, continues to draw interest from both domestic and international investors. ADVERTISEMENT Developers are responding with a series of branded‑residence and design‑led launches aimed at high‑net‑worth individuals and global buyers. A notable example is QUBE Development's partnership with The Lux Collective on an exclusive luxury residential project, now under construction in the district's core. Analysts also point to evolving buyer preferences and macro‑economic tailwinds. Condor Developers' chairman V. Sivaprasad highlighted that off‑plan purchases remain attractive due to flexible payment structures, competitive pricing versus ready properties, and anticipated returns in high‑growth neighbourhoods such as Business Bay, Downtown, Marina and Jumeirah Village Circle. Data from CBRE reinforces this trend, reporting a more than 46 per cent year‑on‑year growth in off‑plan sales during the first five months of 2025 in Dubai and underlining demand for branded and design‑forward developments. Knight Frank's UAE Property Market Review records a 22 per cent year‑on‑year rise in off‑plan prices in Business Bay for Q2 2025, surpassing the broader Dubai average of 15 per cent increase. Analysts attribute this to enhanced waterfront offerings, branded launches and sustained inflow of international high‑net‑worth individuals drawn by tax‑free structures and investor‑friendly visa policies. Further supporting demand, the UAE's Golden Visa initiative — granting long‑term residency to investors and skilled professionals — continues to be a compelling driver in off‑plan sales. Developers are increasingly designing projects to align with the AED 2 million investment threshold required for visa eligibility, enabling investors to combine real estate gains with residency benefits. Market watchers caution against potential headwinds such as inflation, global interest rate changes and geopolitical uncertainties. However, Dubai's economic stability, currency peg, robust fiscal policy and sustained foreign investment inflows appear to mitigate these risks. Experts anticipate that off‑plan momentum will persist into the latter half of 2025, especially in core districts such as Business Bay, Mohammed Bin Rashid City and Dubai Creek Harbour. Beyond residential demand, the city's commercial and retail off‑plan sectors are gaining traction, backed by rising office rents and limited Grade‑A inventory. Firms such as JLL and Knight Frank report strong resilience in office demand, especially in DIFC, Downtown and Business Bay, with commercial off‑plan developments increasingly targeting foreign investors and visa‑eligible buyers. Population growth is also catalysing demand across both segments. Dubai's population exceeded 3.7 million in early 2025, prompting a rise in businesses and infrastructure development. Commercial and residential off‑plan schemes alike are being launched with extended payment plans and branded offerings to satisfy investor appetite. Development firms are exploring innovative financing mechanisms, such as Danube Properties' '1 per cent monthly' plan, enabling buyers to pay 20 per cent upfront, with the remaining 80 per cent distributed across monthly instalments. That model has improved affordability and drawn middle‑income investors, expanding Dubai's target buyer base.
Zawya
11-06-2025
- Business
- Zawya
Lux Collective, Qube set for Mideast debut of branded residences
The Lux Collective, a globally recognised hospitality group behind its luxury flagship brand - LUX - has announced a strategic partnership with QUBE Development for the regional debut of its branded residences. Its first exclusive project in Dubai is set for 2028 completion. This partnership unites two industry visionaries, The Lux Collective and QUBE Development, both renowned for their commitment to design excellence, innovation, and premium living experiences. The project is set to redefine luxury living in Dubai, combining the best in residential development and world-class hospitality, said the statement from The Lux Collective. QUBE Development has rapidly gained recognition for its pioneering approach to real estate, focusing on creating sustainable communities that appeal to a modern, discerning clientele. The company is known for delivering future-ready urban spaces that prioritise lifestyle, comfort, and cutting-edge design. The Lux Collective is an award-winning global hospitality group, known for its signature brands and commitment to excellence in every aspect of its operations. Its flagship brand, LUX, is celebrated worldwide for offering an exceptional standard of hospitality, focused on creating vibrant, memorable experiences with a focus on design, service, and wellbeing. "Our collaboration with The Lux Collective is rooted in a shared commitment to purposeful disruption," remarked Egor Molchanov, the CEO of QUBE Development. "We are drawn to partners who think beyond the conventional, and The Lux Collective team brings a perspective that aligns with how we see the future of luxurious residential living," he stated. "In line with our progressive global growth strategy and focus on the Middle East region, this collaboration with QUBE Development marks a meaningful expansion for our luxury flagship brand LUX in Dubai," said Olivier Chavy, CEO of The Lux Collective. "QUBE is a respected developer with a clear passion for premium projects and regional growth. We are excited to partner with a team that shares our values and commitment to sustainability and excellence," he added.- TradeArabia News Service Copyright 2024 Al Hilal Publishing and Marketing Group Provided by SyndiGate Media Inc. (
Trade Arabia
10-06-2025
- Business
- Trade Arabia
Lux Collective, Qube set for Mideast debut of branded residences
The Lux Collective, a globally recognised hospitality group behind its luxury flagship brand - LUX - has announced a strategic partnership with QUBE Development for the regional debut of its branded residences. Its first exclusive project in Dubai is set for 2028 completion. This partnership unites two industry visionaries, The Lux Collective and QUBE Development, both renowned for their commitment to design excellence, innovation, and premium living experiences. The project is set to redefine luxury living in Dubai, combining the best in residential development and world-class hospitality, said the statement from The Lux Collective. QUBE Development has rapidly gained recognition for its pioneering approach to real estate, focusing on creating sustainable communities that appeal to a modern, discerning clientele. The company is known for delivering future-ready urban spaces that prioritise lifestyle, comfort, and cutting-edge design. The Lux Collective is an award-winning global hospitality group, known for its signature brands and commitment to excellence in every aspect of its operations. Its flagship brand, LUX, is celebrated worldwide for offering an exceptional standard of hospitality, focused on creating vibrant, memorable experiences with a focus on design, service, and wellbeing. "Our collaboration with The Lux Collective is rooted in a shared commitment to purposeful disruption," remarked Egor Molchanov, the CEO of QUBE Development. "We are drawn to partners who think beyond the conventional, and The Lux Collective team brings a perspective that aligns with how we see the future of luxurious residential living," he stated. "In line with our progressive global growth strategy and focus on the Middle East region, this collaboration with QUBE Development marks a meaningful expansion for our luxury flagship brand LUX in Dubai," said Olivier Chavy, CEO of The Lux Collective.
Zawya
10-06-2025
- Business
- Zawya
The Lux Collective and QUBE Development announce strategic partnership
Dubai - The Lux Collective, the globally recognised hospitality group behind its luxury flagship brand - LUX*, has announced a strategic partnership with QUBE Development. This collaboration marks the Middle East debut of LUX* branded residences through the exclusive launch of a new luxury residential project scheduled to be completed in 2028. This partnership unites two industry visionaries, The Lux Collective and QUBE Development, both renowned for their commitment to design excellence, innovation, and premium living experiences. The project is set to redefine luxury living in Dubai, combining the best in residential development and world-class hospitality. QUBE Development has rapidly gained recognition for its pioneering approach to real estate, focusing on creating sustainable communities that appeal to a modern, discerning clientele. The company is known for delivering future-ready urban spaces that prioritise lifestyle, comfort, and cutting-edge design. The Lux Collective is an award-winning global hospitality group, known for its signature brands and commitment to excellence in every aspect of its operations. Its flagship brand, LUX*, is celebrated worldwide for offering an exceptional standard of hospitality, focused on creating vibrant, memorable experiences with a focus on design, service, and wellbeing. 'Our collaboration with The Lux Collective is rooted in a shared commitment to purposeful disruption,' said Egor Molchanov, CEO of QUBE Development. 'We are drawn to partners who think beyond the conventional, and The Lux Collective team brings a perspective that aligns with how we see the future of luxurious residential living.' 'In line with our progressive global growth strategy and focus on the Middle East region, this collaboration with QUBE Development marks a meaningful expansion for our luxury flagship brand LUX* in Dubai,' said Olivier Chavy, CEO of The Lux Collective. 'QUBE is a respected developer with a clear passion for premium projects and regional growth. We are excited to partner with a team that shares our values and commitment to sustainability and excellence.' Dubai's branded residences market has experienced remarkable growth in recent years, solidifying the city's position as a global leader in the luxury real estate segment. In H1 2024, Dubai recorded 5,592 branded residence sales, with a total transaction value of AED 28.8 billion [1], accounting for 7.2% of all property transactions by volume and 12.6% by value [2]. Demand continues to grow, driven by global investors and high-net-worth individuals seeking prestige, service, and lifestyle in a secure and future-focused destination. According to Morgan's International Realty's second half 2024 report, buyers are also paying a premium of up to 42% per square foot for branded residences, underlining the strength and desirability of this sector. [3] With aligned values and complementary expertise, QUBE Development and The Lux Collective are pioneering a new era in branded residences, designed not only to impress and express but to elevate. Together, they offer residents an experience that transcends expectation and invites them into a lifestyle that goes beyond the imaginable. About QUBE Development: QUBE Development is a leading developer of high-quality residential properties and commercial spaces. Standing on the 30-year legacy of experience and excellence, QUBE is dedicated to transforming living spaces in the UAE by integrating sustainable architecture, captivating design, and unparalleled amenities. Each residence fosters distinctive communities, ensuring every space creates lasting value for customers while offering a harmonious blend of functionality and innovative design that elevates modern living and exceeds expectations. As a sustainable and community-focused developer, QUBE Development aims to set the benchmark for real estate development by creating the foundation for generational wealth for its customers. The company prioritizes durability, reliability, sustainability, and quality in every project. Expanding its portfolio throughout the UAE, QUBE Development responds swiftly to the evolving market demands, maintaining a commitment to providing the highest quality builds through collaborations with world-renowned architects and dedicated contractors to ensure meticulous attention to design and construction. Since its successful launch in the UAE, QUBE Development is set to introduce AED 2.6 billion worth of inventory in Dubai alone by 2025. The extensive portfolio covers 623,354 square feet of land and 2,291,946 square feet of GFA, creating legacies for customers. Invest in a future of unparalleled quality and innovation with QUBE Development. About The Lux Collective The Lux Collective ('TLC') is a Mauritian-born global luxury hotel operator and manages brands LUX*, SALT, TAMASSA, SOCIO and Café LUX*. At the heart of its purpose, TLC makes each moment matter and cares about what matters. Putting people first is the core of TLC's culture as well as staying true to the values of being passionate, responsible and innovative in all that it does. By providing comfort through thoughtful and exquisite designs, TLC creates experiences that make each moment matter for all guests. It is committed to operating in a considered and respectful manner that is mindful of future generations. Through its signature Groupwide sustainability project Tread Lightly, The Lux Collective promises an eco-conscious stay throughout its hotels. Its partnership with Altruistiq, a group of CO2 experts, focuses on the environmental footprint and ensures that emission sources are tracked using the highest international Science-Based standard. Growing the global presence, TLC currently manages 18 operating resorts and hotels in Mauritius, Maldives, Ile de la Reunion, China and Tanzania, and with 12 more hotels in its development pipeline in Africa, Asia and the Middle East. An affiliate member of IBL, a major economic player in the Indian Ocean and a public-listed leader of the 'Top 100' Mauritian companies, IBL is active in key sectors of the Mauritian economy, with a global portfolio of approximately 300 subsidiaries and associated companies. About LUX* At LUX*, time is luxury. LUX* helps people to celebrate life by delivering consistently on the promise of a different kind of luxury; hospitality that is Lighter. Brighter. In a world where a deeper sense of connection can be hard to reach, even on vacation, it enables guests to break from the ordinary. Staging exceptional experiences in different locales – whether on the Beach, in the City or in Nature, it transforms the everyday into the extraordinary through elevated service, contemporary spaces and crafted escapes to truly disconnect and relax - with Life Extraordinary. Media Relations lux@
