News

Abu Dhabi Developer To Build World’s First Healthy Living Island

The exclusive resort will be situated halfway between Abu Dhabi and Dubai, and will feature a helipad, 86 residential villas, and 49 apartments.

Published

9 months ago

April 25, 2024

Nour Nasir

abu dhabi developer to build world's first healthy living island

Abu Dhabi-based real estate developer IMKAN has formed a partnership with the world-renowned SHA Wellness Clinic to construct a unique private island resort at Al Jurf, halfway between Abu Dhabi and Dubai.

The development is known as SHA Residences Emirates and will combine a holistic health resort with 86 residential villas and 49 apartments — two of which will be penthouses. The “healthy living island” will also offer easy beach access, a fantastic climate, and even a former royal palace.

Raed Al Hadad, chief of marketing and sales at IMKAN, explained why the idyllic location was chosen: “We have turquoise water here, cooler temperatures, and breezes. This is the place where the late Sheikh Zayed bin Sultan Al Nahyan used to come and reflect on key policies. This palace is where one of the first talks about the formation of the UAE took place”.

IMKAN is currently working alongside Abu Dhabi’s Department of Culture and Tourism to rejuvenate the historic palace and turn it into a tourist attraction.

Also Read: Abu Dhabi To Develop $1 Billion eSports Island Facility

Construction of the resort will begin in July and should be finished by 2025. The island will eventually be home to a full staff of doctors, therapists, yoga instructors, personal trainers, and world-class chefs. Residents and visitors will benefit from a full suite of services, including wellness programs, detox treatments, spas, and blood tests.

“Al Jurf as a destination has all the potential to promote wellness tourism. People from Saudi Arabia, India, and Russia are just a few hours away from this place,” Raed Al Hadad added.

The exclusive healthy living island will be accessible by road and also feature a helipad. Meanwhile the developers plan to add connections by water from Abu Dhabi and Dubai.

News

Daleel Expands To UAE, Tapping Into $44B Finance Market

The Bahrain-based company offers a personalized financial marketplace with regional expansion supported by investors Flat6Labs and Salica.

Published

7 hours ago

January 20, 2025

Nour Nasir

daleel expands to uae tapping into $44 billion finance market

Daleel, a personalized financial marketplace originally founded in Bahrain, has officially entered the UAE market supported by notable investors, including Flat6Labs and Salica. Known for its ability to connect customers with tailored financial products, Daleel has gained significant traction in its home country, and the company is now eying the wider Middle East’s massive personal finance market, valued at an estimated $44.4 billion.

The platform’s UAE debut was hosted at Visa’s CEMEA Market Support Center in Dubai, marking another milestone for Daleel. The company gained regional attention when it clinched first place and $40,000 in funding at the 2023 Visa Everywhere Initiative finals in Saudi Arabia.

daleel expands to uae

Daleel’s expansion is supported by notable investors, including Flat6Labs and Salica. At the launch event, several key figures in the fintech and financial sectors were present, including Daleel’s co-founders, CEO PK Shrivastava and COO Ridaa Shah.

Reflecting on the launch, PK Shrivastava said, “Launching in the UAE is a landmark moment for the company, and we are pleased to do so alongside Visa, who have championed us from the start. There is a real demand across the region for personalized finance, and we believe this is the right time to expand our marketplace to connect more customers with the best financial solutions”.

Also Read: How (And Why) To Start A Tech Business In Dubai

Daleel’s team combines expertise in open banking, finance, and technology, which has enabled the company to refine its platform for the regional market. Their data-driven system is designed to quickly match customers with financial products, ranging from credit cards and mortgages to savings accounts, offering personalized options in seconds. This transparency and efficiency benefit consumers while providing financial institutions with more cost-effective ways to acquire customers and create data-informed products.

Looking ahead, Daleel plans to secure an open finance license in 2025, which will allow even deeper integration with financial institutions. The company’s ultimate goal is to build a financial ecosystem where decisions that used to take weeks can now be made in minutes, empowering users to achieve better financial outcomes.