August 2025

BEYOND Developments, the forward-thinking real estate brand shaping lifestyle destinations by the sea, has unveiled PASSO, a sculptural waterfront development located on the prestigious West Crescent of Palm Jumeirah. As BEYOND’s first flagship beyond its masterplan in Dubai Maritime City, PASSO marks a defining milestone in the company’s strategic growthto one of the world’s most iconic and desirable destinations. The project launched with a spectacular Palm Jumeirah event featuring Dubai’s first-ever “screens in the sky” show, a 13-minute performance with over 4,000 drones blending immersive visuals and live stage action. Comprising two sculptural towers, Avita and Bella, PASSO offers 625 residences in a

Binghatti Holding Ltd (“Binghatti Holding”), one of the UAE’s fastest growing real estate developers, has successfully priced a USD 500 million 5-year Senior Unsecured Sukuk under its USD 1.5 billion Trust Certificate Issuance Programme, a transaction that was oversubscribed by 5 times. The Regulation S Sukuk issuance attracted strong regional and international investor demand, with an order book exceeding USD 2.5 billion. The sukuk was priced with a profit rate of 8.125%, equivalent to a spread of  418 basis points over the prevailing 5-year US Treasury yield, and given the strong levels of demand the issuance saw significant tightening from its

Azizi Developments, a leading private developer in the UAE, has announced that construction at Beach Oasis -its vibrant mixed-use community in the dynamic, rapidly growing Dubai Studio City -has reached 94% completion. The project is progressing as scheduled, with its handover set for Q3 2025. Structural, blockwork, and internal plastering works have all been completed, while tiling, HVAC, and MEP activities now stand at 94%, 99%, and 94% respectively. Façade and swimming pool works are nearing completion at 98% and 88%, with overall finishes at 90%. Elevator installations have reached 71%, and external procedures are progressing steadily at 44%. A total