Category: الأخبار

The construction of the 1WOOD project is progressing smoothly and right on schedule. Our vision is to create a space that combines sustainability, style, and functionality. We are using the latest technologies and natural materials to ensure high quality and durability. Stay tuned for updates as 1WOOD gradually takes shape and becomes a reality!

The construction of the OZONE1 project is in full swing, and we are pleased to report that the process is progressing according to schedule. The project aims to create a modern space where innovative design meets comfort and practicality. Our team is employing the latest technologies and high-quality materials to ensure the strength and durability of the future building. Stay tuned for updates to see how this ambitious project gradually takes shape!

The construction of the THE F1FTH project is progressing according to the established plan, with a focus on efficiency and quality in the execution of work. We aim to create a unique space that seamlessly combines innovative design with practical functionality. Advanced technologies and materials are actively utilised in the construction process, enabling us to confidently move towards the successful completion of this significant project. Stay with us to keep up with further updates!

The construction of the V1TER project is moving forward steadily and right on schedule. Our goal is to bring to life a space that perfectly balances innovation, style, and functionality. With advanced technologies and quality materials at the core of our process, we are committed to creating a lasting and impactful development. Stay tuned for updates as V1TER comes to life!

The construction of the LUM1NAR project is carried out with a focus on high quality and attention to detail, while the process is progressing strictly according to plan. We aim to create a unique space that combines contemporary design solutions with functionality. Our team of professionals employs the latest technologies and materials to ensure outstanding quality at every stage.

The construction of the RA1N project is progressing at full speed and exactly on schedule, underscoring our commitment to quality and punctuality. The team on-site is carefully completing each phase, ensuring the highest standards of safety and reliability. RA1N is already taking shape, and each day brings us closer to the realisation of our vision.

Dubai and Abu Dhabi are now ranked among the world’s most improved real estate markets, reflecting strong economic growth and increasing investor confidence. These cities offer prime opportunities for those looking to invest in a rapidly developing property market.

Resilience and Growth

Both cities have rebounded from global challenges, thanks to government reforms and a booming tourism sector. This makes them top choices for investors seeking high returns in a thriving environment.

Sustainability and Innovation

With a focus on sustainability and cutting-edge innovations, Dubai and Abu Dhabi are shaping the future of real estate. This appeal to eco-conscious buyers adds to the attractiveness of the property market.

Invest Now

With global recognition and growing demand, now is the perfect time to invest in Dubai and Abu Dhabi. The upward trend in real estate values presents a lucrative opportunity for forward-thinking investors.

Dubai’s tourism industry is booming, with 9.31 million international visitors in the first half of 2024—marking a 9% increase compared to 2023. This surge reinforces the emirate’s reputation as a global hotspot for travellers. Noteworthy campaigns like “Where Will Dubai Take You Now?” and “Visit Dubai” have significantly boosted visibility, and the launch of Real Madrid World at Dubai Parks and Resorts has added to the city’s attractions.

Dubai’s culinary scene also shines brightly. The 2024 MICHELIN Guide features 106 restaurants, including the globally ranked Trèsind Studio. The city’s reputation as a culinary destination continues to attract food enthusiasts from around the world.

Key events like Dubai Summer Surprises and Dubai Fitness Challenge are drawing visitors, while major business gatherings, such as the Dubai International Boat Show and Arabian Travel Market, cater to corporate tourists.

Sustainability is central to Dubai’s tourism strategy, with initiatives like the Dubai Sustainable Tourism Seal certifying 70 eco-friendly hotels.

The booming tourism sector directly impacts Dubai’s real estate market, with many tourists opting for premium short-term rentals, and some even exploring property purchases, creating a lucrative opportunity for investors.

Object 1 is positioned to tap into this flourishing demand with its high-end construction projects that offer a blend of luxury and investment potential. As tourism grows, RA1N and LUM1NAR from the Object 1 portfolio provide ideal options for both short-term stays and long-term property investments, aligning with Dubai’s thriving tourism and real estate sectors.

United Arab Emirates – The UAE Cabinet, chaired by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister of the UAE, and Ruler of Dubai, has approved a historically high budget for 2025, amounting to 71.5 billion dirhams (almost 19.5 billion US dollars). This decision reflects the country’s sustained economic growth and its commitment to further developing key sectors that contribute to social and economic prosperity.

The 2025 budget allocates 39% to the social sector, focusing on education, healthcare, and public welfare. 35.7% will be directed towards public affairs to improve governance and law enforcement. Infrastructure and economic development will receive 3.6%, prioritising transport and tourism growth, while 4% will be allocated for strategic investments in new projects and technology.

Budget Allocation by Key Sectors

The budget for 2025 allocates significant funds across several key sectors:

– Social Sector (39%): The largest portion of the budget, accounting for 39%, will be directed towards social needs. These funds will be used to finance education, healthcare, public preventative measures, and various social programmes. Investment in the social sector underscores the government’s commitment to improving the quality of life for citizens and creating a more resilient social infrastructure. Specifically, enhancing education and access to quality healthcare remain top priorities.

– Public Affairs (35.7%): A substantial share of the budget—35.7%—will be allocated to public affairs. These funds will support government services and institutional processes, ensuring effective governance and the maintenance of law and order. This also includes funding for various initiatives aimed at improving public services and meeting the needs of the population.

– Other Federal Issues (17.7%): A total of 17.7% will be allocated to addressing other federal issues, such as security and rights protection, as well as supporting cultural and sporting events. These investments help strengthen social cohesion and promote cultural diversity.

– Infrastructure and Economy (3.6%): The budget for infrastructure projects and economic development will account for 3.6%. These investments will focus on improving the transport network, developing tourist infrastructure, and supporting small and medium-sized enterprises. Sustainable development in these areas is essential for the continued economic growth of the UAE.

– Investment Sector (4%): A small portion of the budget—4%—will be directed towards investments in new projects and technologies. This is crucial for ensuring the economy’s competitiveness and attracting foreign investment.

This budget creates a fertile environment for real estate development.