BEYOND Developments launches SHIONE at SIORA on Dubai Islands
With SHIONE, BEYOND Developments continues to shape SIORA as one of Dubai's most considered waterfront communities
UK luxury hospitality firm, Cheval Collection, has announced plans to expand its presence in Dubai and the wider Middle East and North Africa region. The company's latest development, Cheval South Bay, is set to open in Dubai South in 2030 and will feature 98 serviced hotel apartments and 95 branded residences, ranging from studios to three-bedroom units.
This marks Cheval's fourth development in Dubai and sixth in the Middle East. Two additional under-construction projects in Saudi Arabia are also in the pipeline. Cheval Collection's chief commercial officer, Nick Pilbeam, expressed confidence in Dubai, the UAE, and the broader GCC region, highlighting the strong performance of their existing properties in Dubai, such as Cheval Maison The Palm and Cheval Maison Expo City, which outperformed the market in terms of occupancy.
Despite market slowdown concerns due to the Iran war, property developers continue to launch projects in the UAE. Recently, Nakheel and Aldar, along with Sharjah-based Arada, announced new housing projects in Abu Dhabi, demonstrating a surge in real estate transactions. Cheval Collection is also exploring opportunities to expand in Abu Dhabi and other parts of the Middle East and North Africa, with plans to increase its portfolio to approximately 1,000 units.
The company remains selective about their projects, focusing on prime locations and tier-one destinations.
Written by urgent.news from The National Business's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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