ONE Development has unveiled its flagship US $544mn residential project in Dubai’s City of Arabia. The Laguna Residence is said to be the first fully AI-integrated residential development in the region, and will feature a lagoon on a podium, centred between two high-rise towers.
According to the developer, the project will offer residents a retreat experience with uninterrupted views of the Dubai skyline. The community will feature a range of unit options, from studios to three-bedroom apartments, duplexes and sky-homes, and the two towers will be connected by an amenities hub with more than 40 features, including entertainment, wellness, and social spaces, creating an engaging and connected living experience.
Speaking at the launch event, ONE Development’s Founder & Chairman, Ali Al Gebely stated, “Laguna Residence is a unique project, as it is the UAE’s first AI-integrated residential community. It offers a sophisticated lifestyle, combining convenience with personalised services. Our goal is to redefine the real estate industry by elevating daily life and reshaping the meaning of quality living. This community not only embraces technology, innovation and sustainability but also champions eco-friendly solutions.”
He added, “As a homegrown boutique developer, our mission is to reflect the unique aspirations and lifestyles of our clientele in the UAE. By delivering iconic, high-quality developments, we align with the UAE’s strategic ambitions and leadership’s vision to attract local, regional and international investors, setting a new benchmark in the real estate industry.”
The UAE’s real estate market is experiencing steady growth, attracting investors from across the globe. The project is set to offer attractive returns on investment as the first fully AI-integrated community with the region’s largest lagoon on a podium. This development aligns with Dubai’s Real Estate Strategy 2033, which aims to increase the value of Dubai’s real estate transactions to US $272bn by that year, said a statement.
The UAE continues to be one of the most appealing real estate markets in the world, with cities like Dubai having gained a reputation for catering to luxury and becoming a destination for high-net-worth individuals looking to invest in property.
Recently, Dubai and Abu Dhabi have made significant progress in terms of transparency, digital integration and ease of doing business, simplifying the process of purchasing freehold residences, the statement noted.