Back to all awards news

Gulf Business reveals real estate awards shortlist

Set to take place on May 15, 2026, at Palazzo Versace Dubai, the platform brings together two key pillars: a high-level summit and a dedicated awards programme

Gulf Business
Gulf Business

01 May, 2026

Gulf Business reveals real estate awards shortlist

TT

16

Gulf Business has unveiled the full shortlist for its inaugural Gulf Business Real Estate Summit & Awards, marking a significant milestone as the brand celebrates three decades of chronicling the region’s economic transformation.

Set to take place on May 15, 2026, at Palazzo Versace Dubai, the platform brings together two key pillars: a high-level summit and a dedicated awards programme. Together, they aim to offer a comprehensive view of the forces shaping the Gulf’s real estate sector—from large-scale master developers and luxury players to emerging firms, proptech innovators, and industry leaders driving transformation across the built environment.

The summit will convene senior developers, investors, policymakers, and industry stakeholders for a series of panel discussions focused on market dynamics, investment flows, regulatory shifts, and the next phase of growth across the GCC. The awards, meanwhile, spotlight excellence across 37 categories, reflecting the depth and diversity of the region’s real estate ecosystem.

For more information about the event click here.

Below is the shortlist:

Gulf Business Real Estate Awards – Full shortlist

1. Master Developer of the Year

  • Msheireb Properties
  • LEAD Development
  • HRE Development

2. Residential Developer of the Year

  • ANAX Developments
  • Grovy Developers
  • Bloom Holding

3. Luxury Developer of the Year

  • LEAD Development
  • MERED
  • One Development
  • Pantheon Development
  • BNW Developments

4. Emerging Developer of the Year

  • Ahmadyar Developments
  • QUBE Development
  • SOL Properties
  • Arif Developments

5. International Real Estate Company of the Year

  • Almal Real Estate Development
  • BT Properties
  • Samana Developers

6. Architectural Design Company of the Year

  • NKEY Architects
  • Studio Bruno Guelaff
  • SAY Studio

7. Interior Design Company of the Year

  • SAY Studio
  • Design Infinity
  • Atelio
  • Opaal Interiors

8. Architect of the Year

  • Oleksandr Melnyk (NKEY Architects)
  • Alina Valcarce (Valcarce Architects)
  • Ruggero Ottogalli (Atelio)

9. Interior Designer of the Year

  • Laila Al-Yousuf (SAY Studio)
  • Pratap Mendonca & Geetha Nayak (Design Infinity)
  • Noor Al Muhaideb (Opaal Interiors)

10. Proptech Company of the Year

  • ICTReD Real Estate Development
  • Yardi
  • Huspy

11. Branded Project of the Year

  • Ramada Residences Al Jaddaf by Wyndham Hotels & Resorts
  • Jacob & Co. Residences by Mantra
  • Tonino Lamborghini Residences by BNW Developments

12. Project of the Year

  • Skyhills Residences 1 by HRE Development
  • Wyndham Residences Al Marjan Island by Wyndham Hotels & Resorts
  • LuzOra Residences by DIA Developments

13. Off-plan Project of the Year

  • ELIRE managed by LUX* — QUBE Development
  • Rivo by Grovy — Grovy Developers
  • Casagrand HERMINA by Casagrand

14. Iconic Building of the Year

  • SOL Luxe Tower by SOL Properties
  • LuzOra Residences by DIA Developments
  • OYSTRA by RICHMIND

15. Real Estate Agency of the Year

  • Driven Properties
  • CRC Property
  • Banke International Properties

16. Property Management Company of the Year

  • Colliers
  • Dubai Residential
  • Limited Edition Vacation Homes

17. Real Estate Investment Company of the Year

  • Almal Real Estate Development
  • Emirates REIT
  • Nisus Finance

18. Contracting Company of the Year

  • ALEC Holdings
  • Tiger International General Contracting
  • Bhatia General Contracting Company

19. Contracting Leader of the Year

  • Ajay Bhatia, Chairman, Bhatia General Contracting Company
  • Barry Lewis, CEO, ALEC Holdings
  • Ahmed Al Shams, Group CEO, Trojan Construction Holding

20. Real Estate CEO of the Year

  • Vladimir Visotskiy, CEO, Almal Real Estate Development
  • Annuj Goel, CEO, Golden Light Real Estate Developments
  • Abdullah Alajaji, Founder and MD, Driven Properties
  • Abhishek Jalan, CEO, Grovy Developers
  • Ali Mohammed Al Kuwari, CEO, Msheireb Properties

21. Real Estate Entrepreneur of the Year

  • Dr (CA) Ankur Aggarwal, Chairman and Founder, BNW Developments
  • Imran Khan, Founder and CEO, PIXL Global
  • Dmitriy Staravoitov, Founder, Almal Real Estate Development
  • Kabir Mulchandani, Chairman and Chief Executive, FIVE Holding

22. Woman Real Estate Leader of the Year

  • Dana Awad, Chief Commercial Officer, ICTReD Real Estate Development
  • Elena Barbashina, Chief Financial Officer, Almal Real Estate Development
  • Manpreet Kaur, CEO, Kirpa Properties

23. Real Estate Team of the Year

  • Ahmadyar Developments
  • CRC Property
  • Bayut

24. Smart and Sustainable Developer of the Year

  • Msheireb Properties
  • Al Liwan
  • LEAD Development
  • Grovy Developers
  • FIVE Holdings (SENSORIA)

25. Most Impactful Developer of the Year

  • ORO24 Developments
  • NHC
  • MAG Lifestyle Development

26. Real Estate Personality of the Year

  • Atif Rahman, Founder and Chairman, ORO24 Developments
  • Robert Booth, Co-founder and Managing Director, Ellington Properties
  • Haider Tuaima, Managing Director and Head of Real Estate Research, ValuStrat

27. Iconic Developer of the Year

  • Sobha Realty
  • DAMAC Properties
  • Refaat Group

28. Real Estate PR Agency of the Year

  • Publsh Group
  • Papa Media
  • BLJ Worldwide

29. Gulf Business Iconic Company of the Year

  • Imtiaz Developments
  • ROSHN
  • Alef Group
  • QUBE Developments

30. Commercial Developer of the Year

  • AUM Development
  • Deyaar Properties
  • DMCC

31. Real Estate Visionary Leader of the Year

  • Imran Farooq, CEO, Samana Developers
  • Imran Khan, Founder and CEO, PIXL Global
  • Niranjan Hiranandani, Managing Director, Hiranandani Group

32. Most Trusted Developer of the Year

  • Samana Developers
  • Omniyat
  • Msheireb Properties

33. Real Estate Event of the Year

  • Cityscape Global
  • The Big 5
  • International Property Show

34. Real Estate Trailblazer Leader of the Year

  • Egor Maslennikov, Chairman and Founder, Object 1
  • Imran Khan, Founder and CEO, PIXL Global
  • Deepak Batra, AUM Development

Property experts weigh in as Dubai scraps Dhs750k visa threshold

Developers and market analysts say the move could unlock new demand, deepen liquidity and accelerate Dubai’s shift towards long-term residency-led homeownership

Gareth van Zyl
Gareth van Zyl

01 May, 2026

Property experts weigh in as Dubai scraps Dhs750k visa threshold

TT

16

Dubai’s decision to scrap the minimum property value requirement for its two-year investor visa is being welcomed by industry players as a significant step towards widening access to the real estate market and unlocking a new layer of demand.

Developers, brokers and investment platforms say the move — which removes the Dhs750,000 threshold for sole owners while introducing a Dhs400,000 minimum per investor for jointly owned assets — marks a clear pivot towards inclusivity, targeting a broader base of buyers rather than purely high-value investors.

Read more: Dubai drops Dhs750k property threshold for solo investor visas

The update, published via the Dubai Land Department’s Cube platform, replaces a headline price requirement with a more nuanced framework tied to ownership structure. Sole owners can now qualify regardless of the property’s value, provided it is officially registered, while co-investors must each hold at least Dhs400,000 to be eligible, closing a loophole that previously allowed smaller pooled investments to meet residency criteria.

Widening access, unlocking demand

Ajay Rajendran, founder and chairman of Meraki Developers, said the move “reinforces the government’s commitment to making property ownership more accessible, opening the market to a wider pool of investors.”

He added that by lowering barriers to entry, the policy is expected to “attract a new wave of first-time buyers and younger investors, while driving increased activity across entry-level and mid-market segments.”

Ajay Rajendran, founder and chairman of Meraki Developers.
Ajay Rajendran, founder and chairman of Meraki Developers.

Rajendran noted that the implications extend beyond transaction volumes. The change could also shift behaviour in the market, encouraging more residents to transition from renting to ownership.

“Over time, this is likely to support a broader shift from transient residency toward long-term homeownership, as more individuals choose to invest in properties they live in rather than rent,” he said, adding that the reforms strengthen Dubai’s positioning as both an investment hub and a long-term residential destination.

Zhou Yuan, operations director at Tomorrow World Real Estate Development, echoed this sentiment, describing the move as one that enhances Dubai’s accessibility for a wider demographic.

“Removing the minimum property value requirement for the two-year owner visa strengthens Dubai’s position as one of the world’s most accessible and investor-friendly real estate markets,” he said.

“This change opens the door for a wider base of end-users and long-term residents, particularly mid-income families and individuals who want to build a life in Dubai without relying on employment-linked visas.”

He added that the policy is likely to expand and diversify demand across mid-market and upper-mid segments, supporting “healthier absorption of upcoming supply” and contributing to more stable sales volumes over time.

Zhou Yuan, operations director at Tomorrow World Real Estate Development.
Zhou Yuan, operations director at Tomorrow World Real Estate Development.

Entry-level boost and ripple effects

Market analysts say the most immediate impact will be felt at the lower end of the market, particularly in the sub-Dhs1m segment, where affordability has historically been tied to visa eligibility.

Donna Lee-Elliott, chief of sales at OCTA Properties, described the update as “a meaningful policy shift” that directly widens the buyer pool.

“By eliminating the Dhs750,000 threshold for single ownership and reducing the minimum share for jointly owned properties to Dhs400,000, the move directly lowers the barrier to residency-linked ownership,” she said.

“The practical effect will be felt most acutely in the sub-Dhs 1 million segment, where studios and one-bedroom units stand to benefit from a measurable uptick in demand.”

Lee-Elliott added that stronger activity at the entry level is likely to create a knock-on effect across the market.

Donna Lee-Elliott, chief of sales at OCTA Properties.
Donna Lee-Elliott, chief of sales at OCTA Properties.

“As demand strengthens at the entry level, it naturally creates upward movement across the pricing ladder, with mid-market properties benefiting from increased liquidity and buyer progression,” she said.

She also pointed to implications for the secondary market, noting that “more flexible entry points improve liquidity and support transaction volumes, two indicators that reflect genuine market health beyond headline price movements.”

However, she cautioned that the impact will be limited at the top end of the market.

“At the prime and luxury end, the impact will be limited. This initiative is not a policy designed to move that segment,” she said, adding that its primary role is to deepen participation rather than drive price growth.

A deliberate long-term strategy

For some industry watchers, the significance of the move goes beyond immediate market activity and points to a broader strategic direction.

Ammar Malhi, COO of SmartCrowd, said the previous Dhs750,000 threshold had acted as more than just a financial barrier.

“The Dhs750,000 floor wasn’t just a number. It was a psychological barrier that kept a segment of buyers from seeing Dubai property as a realistic path to residency,” he said.

“A lot of low- and mid-market buyers were close but not close enough, and that gap mattered more than people realise.”

He said the removal of the threshold for sole owners, alongside the Dhs400,000 requirement for joint investors, sends a clear signal about Dubai’s long-term ambitions.

“Removing it for sole owners… signals that Dubai is serious about widening participation in its real estate market, not just attracting high-ticket buyers,” he said.

Malhi added that the move aligns with a broader pattern of policy adjustments aimed at reducing friction for investors, including recent changes to Golden Visa requirements.

“That’s not a coincidence. It’s a deliberate market strategy, and for anyone watching where this city is heading long term, moves like this tell you more than the transaction volume numbers do,” he said.

Ammar Malhi, COO of SmartCrowd.
Ammar Malhi, COO of SmartCrowd.

Reshaping ownership dynamics

Beyond demand, the policy is expected to influence how deals are structured across the market.

While sole ownership becomes more attractive for visa eligibility, the Dhs400,000 per-investor rule for joint ownership is likely to push buyers towards larger individual stakes or fewer co-investors per asset.

At the same time, Rajendran noted that the revised framework could still support collaborative ownership models, particularly at higher ticket sizes, while ensuring each investor maintains meaningful capital exposure.

The changes form part of Dubai’s evolving property-linked residency system, which now spans multiple tiers designed to cater to different investor profiles.

As of 2026, the framework includes a 10-year Golden Visa requiring a minimum Dhs2m property investment, a two-year investor visa targeting entry-level buyers, and a five-year retiree visa requiring Dhs1m in fully paid property or equivalent financial criteria.

Earlier this year, authorities also removed the Dhs1m upfront payment requirement for Golden Visa eligibility, allowing investors to qualify based on total property value recorded in title deeds or Oqood contracts.

Taken together, industry players say the latest changes reinforce Dubai’s strategy of positioning itself not just as a global investment hub, but as a long-term residential destination: one that is increasingly accessible to a broader spectrum of buyers.

Sheikh Ahmed Dalmook Al Maktoum is elevating Gulf economic diplomacy through Inmā Emirates Holdings

By structuring investments through government-aligned partnerships, the Dubai royal is advancing a model of commercial engagement that strengthens bilateral ties while delivering infrastructure to emerging markets

Gulf Business
Gulf Business

30 April, 2026

Sheikh Ahmed Dalmook Al Maktoum is elevating Gulf economic diplomacy through Inmā Emirates Holdings
Image courtesy: Inmā Emirates Holdings

TT

16

Economic diplomacy, the practice of using commercial relationships to advance national interests, has long been a cornerstone of Gulf state strategy.

As the region’s economies diversify beyond hydrocarbons, a new generation of investors is refining the approach. Sheikh Ahmed Dalmook Al Maktoum is among the most active practitioners of this model, deploying private capital through structures that blur the line between business venture and bilateral partnership.

As chairman of Inmā Emirates Holdings, he has built his outreach portfolio spanning tens of projects across more than 15 countries.

The Dubai-based holding company partners with government-linked entities, executes agreements directly with foreign ministries and state authorities, and focuses on sectors where infrastructure gaps constrain national development.

Inmā’s government-to-government architecture

What distinguishes Inmā Emirates Holdings from conventional investment vehicles is its structural alignment with sovereign institutions. Rather than operating as an independent private equity firm, Inmā frequently partners with UAE government-linked entities, lending its initiatives the implicit credibility of state backing.

The flagship example is the Karachi Port modernisation project. Inmā, in collaboration with Abu Dhabi Ports, secured a 50-year concession agreement with Pakistan’s Karachi Port Trust to manage, operate, and develop berths at the port’s East Wharf.

Abu Dhabi Ports, part of the ADQ sovereign holding company, operates 11 ports and terminals across the UAE and Guinea. By structuring the investment as a joint venture with this government-linked operator, Sheikh Ahmed Dalmook positioned the project as a bilateral partnership between nations rather than a transaction between corporations.

The strategic value extends in both directions. Pakistan gains access to operational expertise from one of the world’s most efficient port systems. The UAE deepens its relationship with a strategically significant South Asian partner while establishing a long-term presence in critical trade infrastructure.

Sheikh Ahmed Dalmook has replicated this structure across geographies. The royal is also working to secure a multi-year agreement with the Barbados government for operations, upgradation, and expansion of Grantley Adams International Airport.

The arrangement connects the Caribbean nation to UAE aviation expertise while establishing an institutional relationship that transcends any single commercial transaction.

How is Sheikh Ahmed Dalmook Al Maktoum using energy partnerships as diplomatic infrastructure?

Inmā’s energy investments further illustrate how Sheikh Ahmed Dalmook deploys the holding company as an instrument of economic diplomacy.

Energy infrastructure, perhaps more than any other sector, creates the conditions for broader development. Nations with unreliable power cannot industrialise, attract investment, or deliver services effectively. By addressing this constraint, Inmā positions itself and the UAE as partners in national transformation.

In Pakistan, Inmā is developing a green energy project expected to deliver 1,200 megawatts of solar and wind capacity over a 15-year implementation period.

The extended timeline reflects an approach calibrated for relationship-building rather than rapid returns. Local workforce development and supply chain integration accompany infrastructure construction, creating institutional ties that persist beyond project completion.

In Equatorial Guinea, Inmā completed installation of a 36.6-megawatt power plant designed to strengthen energy supply reliability and support the nation’s socio-economic development.

The project addressed immediate infrastructure needs while demonstrating the UAE’s commitment to African partnerships at a moment when Gulf states are competing for influence across the continent.

Digital governance as a diplomatic tool

Sheikh Ahmed Dalmook has increasingly directed Inmā toward digital infrastructure, recognising that governance technology represents a distinctive UAE competency with significant diplomatic value.

The Emirates’ own rapid modernisation required developing sophisticated systems for identity management, service delivery, and digital commerce.

Through Inmā, that expertise now transfers to partner nations.

Key digital governance initiatives include:

  • Guyana’s National ID Programme: A five-year project delivering secure digital identity infrastructure, enabling the government to verify citizens, deliver services, and enable financial inclusion at scale during a period of rapid economic transformation.
  • Smart device manufacturing in Angola and Equatorial Guinea: Facilities that build indigenous technological capacity, create employment, and reduce dependence on imported technology, positioning the UAE as a partner in industrialisation rather than merely a source of capital.

These digital projects complement Inmā’s physical infrastructure investments, extending the UAE’s value proposition beyond capital deployment into knowledge transfer and institutional capacity-building.

What does this model mean for the future of Gulf investment?

Sheikh Ahmed Dalmook Al Maktoum’s approach through Inmā Emirates Holdings represents an evolution in how Gulf investors engage with emerging markets.

By embedding commercial ventures within government-linked partnerships, structuring agreements directly with sovereign authorities, and focusing on infrastructure that enables national development, he has constructed a portfolio where diplomatic and commercial objectives converge.

The model suggests that economic diplomacy need not remain the exclusive domain of sovereign wealth funds and state ministries. Private capital, properly structured and strategically aligned, can advance national interests while generating returns.

For the UAE, the relationships Inmā cultivates today become the bilateral partnerships of tomorrow. For Sheikh Ahmed Dalmook Al Maktoum, the approach positions him as both investor and diplomat, simultaneously building infrastructure and influence in equal measure.

Air India Express resumes Qatar, Bahrain routes, tops 40 daily GCC flights

Indian low-cost carrier boosts UAE, Saudi Arabia and Oman services as regional demand rebounds

Gareth van Zyl
Gareth van Zyl

30 April, 2026

Air India Express resumes Qatar, Bahrain routes, tops 40 daily GCC flights

TT

16

Air India Express has reinstated flights to Qatar and Bahrain and scaled up its wider Gulf network to more than 40 daily services, as demand across the India-GCC corridor continues to strengthen.

The airline said operations have resumed from April 30, reconnecting key routes between India and West Asia while enhancing frequencies to the UAE, Saudi Arabia and Oman.

“Air India Express has announced the reinstatement of operations to Qatar and Bahrain, along with additional flights to the UAE, Oman and Saudi Arabia,” the airline said in a statement.

Flights are operating from major Indian cities including Delhi, Mumbai and Bengaluru, as well as regional centres such as Kannur, Kozhikode and Mangaluru.

In the UAE, the airline continues to serve Dubai, Abu Dhabi, Sharjah, Ras Al Khaimah and Al Ain, linking them to multiple Indian destinations including Lucknow, Kochi and Tiruchirappalli. Services to Muscat, Jeddah, Riyadh and Dammam also remain a core part of the network.

The reinstatement of Doha and Bahrain routes marks a full return to key Gulf hubs, strengthening connectivity for both business and leisure travellers.

The India-GCC aviation corridor remains one of the busiest globally, driven by expatriate traffic, trade ties and seasonal travel demand — with airlines increasingly targeting secondary city connections to capture growth.

UAE schools schedule: Eid Al Adha break, exams and results timeline revealed

Students are expected to return to classrooms on June 1 to resume academic activities for the final stretch of the term

Nida Sohail
Nida Sohail

30 April, 2026

UAE schools schedule: Eid Al Adha break, exams and results timeline revealed

TT

16

The UAE’s Ministry of Education has outlined a detailed academic schedule for the final term of the current school year, setting timelines for exams, holidays and results as part of a broader push to streamline end-of-year processes.

According to the media reports, the mid-term break for the third semester, coinciding with Eid Al Adha, will run from May 25 to 29 for students as well as administrative and teaching staff.

The move aligns with the official academic calendar and offers a structured pause ahead of the critical exam period.

Students are expected to return to classrooms on June 1 to resume academic activities for the final stretch of the term.

Read more-UAE holiday alert: Eid Al Adha 2026 dates hint at extended break ahead

Mock examinations are scheduled for June 15 and 16, designed to assess students’ academic preparedness ahead of final assessments. Education officials said the tests will help identify performance gaps and challenges, enabling schools to provide targeted academic support.

“The aim is to measure readiness and address areas of improvement before final exams,” the ministry noted in its academic framework.

An official holiday marking the Islamic New Year will take place on June 17, shortly before final exams begin. End-of-term examinations are scheduled from June 24 through July 3, representing the most critical evaluation phase for students across grade levels.

The ministry has designated July 3 as the last instructional day of the academic year.

Results timeline and retake window

Make-up exams will be conducted from July 6 to 9, giving students an opportunity to complete outstanding requirements. Final results for the academic year are set to be released on July 12 and 13, allowing families early visibility into student performance.

Students requiring re-examinations will sit for retake tests between July 14 and 17, with results scheduled for announcement on July 20.

“This reflects the ministry’s keenness to expedite procedures and ensure clarity on student outcomes,” the statement said.

In parallel, the ministry has allocated July 13 to 17 for specialised training programs aimed at enhancing the capabilities of administrative and teaching staff. The initiative is part of ongoing efforts to strengthen the education system and prepare for the upcoming academic year.

The academic cycle will formally conclude with the release of retake results on July 20, while summer break for administrative and teaching staff will begin on July 18 following the completion of all academic and operational responsibilities.

Amazon cloud outage in UAE, Bahrain may last months

Amazon Web Services said it has suspended billing operations in both regions

Reuters
Reuters

30 April, 2026

Amazon cloud outage in UAE, Bahrain may last months
Image: Getty Images/Image for illustrative purpose

TT

16

Amazon said on Thursday that damage to its cloud regions in Bahrain and the United Arab Emirates amid the conflict in the Middle East has left them unable to support customer applications.

Amazon Web Services said it has suspended billing operations in both regions while teams work to restore normal operations, a process it expects to take several months.

The company did not immediately respond to a Reuters query on whether its facilities were hit by a drone attack or were damaged by strikes nearby. The extent of damage could not be determined.

Last month, Reuters had reported that Amazon’s cloud region in Bahrain had been “disrupted” due to drone activity in the area.

More news in awards