A New World Record for Dubai & Highest Price Per Square Foot in Business Bay
(Dubai, UAE,12 December 2025): Binghatti is proud to announce a landmark achievement in the region’s luxury real estate sector with the sale of the most expensive penthouse in Dubai and the Middle East, valued at AED 550 million, at the iconic Bugatti Residences by Binghatti.
The historic transaction was concluded by Binghatti’s Chief Sales Officer Abdullah Binghatti, setting a new world record for Dubai’s real estate market and achieves the highest price per square foot ever recorded in Business Bay, reaching AED 11,650 per sq.ft.
CASAGRAND UNVEILS DEBUT INTERNATIONAL PROJECT CASAGRAND HERMINA AT DUBAI ISLANDS, VALUED AT AED 420M Where the serenity of the coast meets the rhythm of the city
Dubai, UAE: December 2025: India’s leading real estate developer, Casagrand, has officially unveiled Casagrand HERMINA, a premium residential development located on the rapidly transforming Dubai Islands.
Valued at AED 420M, Casagrand HERMINA marks Casagrand’s expansion into the Middle East with a project that blends coastal serenity and city living. Inspired by Hermes, the mythological messenger who moved effortlessly between worlds, Casagrand HERMINA is conceived as a place where the calm of the sea meets the dynamism of Dubai, providing residents a lifestyle that balances retreat, tranquility, and connection.
Arun Mn, Founder and Managing Director, Casagrand, said: “At Casagrand, we have spent more than 22 years creating high-quality developments grounded in precision, timely delivery, and an unwavering focus on customer satisfaction. Bringing this ethos to the UAE is an important milestone for us, and Casagrand HERMINA encapsulates what we value most, a place where the sea brings calm, the city stays close, and life feels restorative, joyful, and connected.
“Our experience in thoughtful design and meaningful community living shapes every detail, and we’re excited to introduce this approach to one of the world’s most dynamic real estate markets. Ultimately, our goal is to continue to be the developer people trust with one of the most important decisions of their life – of buying a home.”
Casagrand HERMINA offers 131 residences ranging from one- to four-bedroom apartments, each crafted for privacy, openness, and elevated everyday living. Residences on every floor are thoughtfully spaced to ensure enhanced privacy, quieter corridors, and a boutique sense of exclusivity. With a starting price of AED 1.92M, a 60/40 payment plan, and completion scheduled for Q2 2028, Casagrand HERMINA brings carefully considered living to the heart of the city.
Strategically located within Dubai Islands, a major coastal district backed by government vision and investment, supported by the Dubai 2040 Urban Master Plan. The area features 21 km of Blue Flag-certified beaches, major infrastructure upgrades including an eight-lane bridge to Downtown Dubai by 2026, and a planned Metro link. With extremely high demand showcased by almost 50% rise in transactions last year, and limited supply of prime waterfront locations as well as future-ready connectivity, Dubai Islands is positioned as one of the emirate’s strongest long-term real estate investment corridors.
Luthfullah K, Director, Dubai, Casagrand, said:“Dubai Islands represents one of our city’s most exciting long-term growth corridors, and it was essential for our first UAE development to be rooted in a location that reflects both our ambition and our values. With Casagrand HERMINA, we wanted to create a community that captures the balance people increasingly seek, spaces that feel calming and restorative, yet remain closely connected to everything Dubai offers. This development is a statement of our commitment to the market and Casagrand HERMINA is only the beginning of what we aim to contribute to the city’s evolving residential landscape.”
Casagrand HERMINA integrates advanced smart technology and eco-conscious design to create a healthier and more efficient living environment with smart home controls, eco-friendly materials, and a locally landscaped podium that naturally helps regulate temperatures.
The development is envisioned as a place where everyday life feels elevated, where wellness, leisure, and community are seamlessly woven into routine. Beyond its impressive range of amenities, from serene swimming pools and spa retreats to vibrant play areas, an immersive sky cinema, and tranquil meditation zones, every space invites you to slow down, connect, and experience a richer way of living while staying connected to the city. Fully furnished layouts, walk-in closets, and entry foyers in all units further enhance the sense of comfort and everyday ease.
Designed by the Casagrand in-house architectural team who have the experience of curating homes for more than 55,000 families, Casagrand HERMINA stands at the crossroads of tradition and transformation, where the vibrancy of the city meets the serenity of the shore. Each space was thoughtfully shaped to carry meaning for every family that buys a home at Casagrand HERMINA. From rooftop views to wellness zones, the Casagrand team were committed to creating a lifestyle that makes coming home feel restorative.
Casagrand remains deeply committed to long-term growth in the UAE and is currently exploring land parcels across major masterplans and emerging communities, with plans to develop over 6 million sq. ft. of premium residential and mixed-use spaces in the next three years. Casagrand HERMINA marks the first milestone in this strategy in one of the most prime waterfront addresses of Dubai, showcasing Casagrand’s design intelligence, build quality, and modern approach to lifestyle-driven living.
About Casagrand Founded in 2003, Casagrand is a leading real estate developer based out of Chennai, India. We offer a wide range of properties, from apartments to independent villas, all equipped with lifestyle amenities. Our projects cover luxury, mid-range, and affordable caegories, meeting the needs of different customers. Beyond Chennai, we’ve expanded into other major cities like Bengaluru, Hyderabad, Coimbatore and Pune. Our international sales are driven by our office in Dubai. We focus on delivering quality homes with committed completion timelines. Our emphasis on research and delivery of a seamless living experience over the last two decades ensures customer satisfaction. We have also launched ventures in commercial real estate and industrial projects. With over 20 years of excellence, 160+ projects, 53+ million square feet of living space, and 55,000+ customers, Casagrand remains dedicated to building homes that inspire.
AI adoption globally is attracting serious investment and leadership attention. In growth markets such as the Middle East, AI is projected to add more than $232 billion to GDP by 2035, supported by national strategies that prioritise skills, infrastructure, and industry partnerships. This momentum shows how quickly organisations across the region are shifting from curiosity to practical execution. Against this backdrop, Alteryx, Inc. has outlined predictions on how AI will evolve in 2026 and what leaders should expect as the technology matures.
Richmind has begun construction on Oystra, with Phase 1 already fully sold out as the project reaches a major development milestone.
Dubai, UAE: 10.12.25 – Richmind, a premium developer specialising in ultra-niche real estate projects and a flagship business vertical of Richmind Holding, has officially broken ground on Oystra, a landmark residential project on Al Marjan Island, Ras Al Khaimah. Designed by Zaha Hadid Architects (ZHA), Oystra represents a defining moment in the emirate’s emergence as the UAE’s next world-class coastal investment destination and sets an unprecedented benchmark for luxury waterfront living.
With Phase 1 fully sold out, the groundbreaking marks a significant milestone and signals the formal launch of Phase 2, now officially on sale. The sellout of Phase 1, driven by strong global and regional demand, underscores growing investor confidence in high-growth beachfront markets like Ras Al Khaimah and affirms Oystra’s position as one of the most sought-after developments on Al Marjan Island. Construction remains firmly on track for the 2029 handover.
Oystra brings together an exceptional, world-renowned team of partners to deliver a project conceived as a legacy development from day one. Zaha Hadid Architects leads the visionary design, introducing a sculptural, fluid architectural form never before seen on Al Marjan Island, while Dewan Architects + Engineers translates this ambition into technical reality through innovations such as the 40-metre curved steel truss that preserves ZHA’s purity of form. HBA delivers hospitality-grade interiors, and Cracknell creates a landscape that becomes an experiential extension of the architecture, deeply connected to the seafront environment. Together, these partners ensure Oystra is executed not as a conventional development, but as a landmark that will define the future of waterfront living in the emirate.
“Al Marjan Island has always been envisioned as a premier waterfront destination, and the groundbreaking of Oystra marks an exciting milestone in the island’s continued growth. Richmind’s commitment to design excellence and world-class partnerships, reinforces the international appeal of Ras Al Khaimah and elevates the lifestyle offering for residents and investors alike,” says Arch. Abdulla Al Abdouli, Group CEO, Marjan.
Franklin Templeton, Finstreet Limited, and ADI DLT Foundation Announce Parallel Strategic Agreements to Advance Digital Asset Ecosystem in ADGM
Abu Dhabi, UAE, 9 December 2025 – Franklin Templeton, one of the world’s largest asset management companies, Finstreet Limited with its regulated entities, which constitute an Abu Dhabi-based Financial Market Infrastructure group; designing the next generation of regulated investment rails for global and capital markets, and ADI Foundation, an organization dedicated to empowering governments and institutions in emerging markets through blockchain infrastructure solutions, today jointly announce the signing of two separate but parallel Memoranda of Understanding (MOUs).
UAE News 24/7 