Almal Real Estate Development Plans Global Expansion into Commercial Sector
Investor News | Feb 04, 2025 | Zawya
Almal Real Estate Development is set to announce a major expansion into commercial real estate and international markets, aligning with its strategic goals for 2030. The renowned developer, known for innovative luxury and hospitality ventures, will launch The Smart Space in the UAE, featuring premium business centers with five-star amenities, meeting growing demands for high-end flexible office spaces. This move complements Dubai’s 2040 Urban Master Plan, emphasizing sustainable growth. Concurrently, Almal is eyeing Bali and Thailand to buttress its international presence as a community developer, focusing on villa and townhouse communities. The flagship developments in UAE, including the upcoming Unexpected Al Marjan Island Hotel and Residence and completed Harrisoni Villas, highlight Almal’s dedication to world-class, sophisticated living spaces, signaling their ambitions to redefine real estate on a global scale.
Sectors
- Real Estate
- Hospitality
Geography
- United Arab Emirates – Almal is launching The Smart Space in the UAE, marking its expansion into premium commercial real estate.
- Bali, Indonesia – Almal plans to enter the Bali market, developing villa and townhouse communities.
- Thailand – Similar to its initiatives in Bali, Almal will expand into Thailand with luxury residential projects.
Industry
- Real Estate – The article discusses major developments in the real estate sector, focusing on Almal's expansion into commercial real estate and international markets.
- Hospitality – Almal Real Estate Development's activities also involve hospitality, as evidenced by their luxury hotel projects like The Unexpected Al Marjan Island Hotel.
Financials
- AED 100 million – Starting price listings for Harrisoni Villas, a completed ultra-luxury residential project by Almal in Dubai.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Almal Real Estate Development | Target Company | Company | A real estate developer known for luxury residential and hospitality projects, now expanding into commercial and international markets. |
| Palladium Hotel Group | Operator | Company | Operates the Unexpected Al Marjan Island Hotel managed under The Unexpected Hotels brand. |