A new landmark project by Dubai’s MERED and Mirage aims to put itself in the ultra-high-end segment of luxury real estate. The complex will house 311 apartments and first-class amenities that include yoga studios, an infinity pool, spas, restaurants, retail outlets, BBQ areas, and children’s play areas. The planned completion date is set in 2026.

Mirage boasts a portfolio consisting of such UAE-based projects as Bluewaters Island and Address Grand Creek Hotel, while MERED is internationally known for its contributions to the luxury real estate sector in countries such as Brazil, Spain, the USA, Singapore, and more.

Ramil Guliev, the CEO of MERED, has expressed confidence in the locally-based experience in both the premium residential and 5-star hospitality sectors that Mirage provides. In combination with MERED’s international expertise, he is certain that their collaboration will produce only the finest finishing and perfectly curated range of amenities that will satisfy even the most discerning clients.

Dubai’s luxury real estate market is now considered the leader in the global industry with sales of approximately AED 3.1B (USD 850M) in the first half of 2023 alone. After more than 300 luxury property transactions and a growth in property prices of nearly 2% in the first six months of 2023, Dubai is also the fastest growing real estate market in the world.