Al Ghurair Development

Al Ghurair Development is the freehold real estate development arm of Al Ghurair Group — one of the UAE’s oldest and most respected family conglomerates, founded in 1960. The group has shaped Dubai’s skyline across six decades through construction (Burj Khalifa, Dubai Metro, Emirates Towers), retail (BurJuman, Oasis Centre), banking (Mashreq), and mobility (CarsTaxi). Al Ghurair Development’s super-prime residential brand — Al Ghurair Collection — debuted in October 2025 with Wedyan, a 46-storey tower designed by Kengo Kuma on Dubai Canal, starting from AED 26 million.

Al Ghurair Group was established in 1960 by the late founder Saif Ahmed Al Ghurair (1924–2019), one of the UAE’s most influential business pioneers. Over six decades, the family business grew into one of the Middle East’s largest diversified conglomerates, with operations spanning industrial manufacturing (National Flour Mills, foods), real estate (BurJuman, Al Ghurair Centre), construction (Burj Khalifa, Dubai Metro), banking (Mashreq Bank), retail, education, and mobility. The group is now led by Group CEO John Iossifidis alongside the third generation of the Al Ghurair family.

Al Ghurair Collection is the super-prime residential portfolio of Al Ghurair Development, launched in October 2025 to represent the pinnacle of the group’s six-decade Dubai legacy. Designed for residences of exceptional, non-replicable character in the city’s most coveted locations, Al Ghurair Collection partners exclusively with world-renowned architects and designers to create buildings that stand as generational landmarks. The Collection debuted with Wedyan — a 46-storey Dubai Canal waterfront tower by Kengo Kuma.

Wedyan is a 46-storey ultra-luxury residential tower directly on Dubai Canal in Business Bay — the debut project of Al Ghurair Collection and Kengo Kuma’s first project in the UAE. The name means ‘valleys’ in Arabic, reflecting the design’s inspiration from UAE natural landscapes. The tower offers 149 large-format residences (3, 4, and 5-bedroom apartments, two full-floor penthouses, and one three-storey Sky Villa) from approximately 4,000 to 43,000 sq. ft. Prices start from AED 26 million, with a 60/40 payment plan (25% down, 35% during construction, 40% on handover). Completion is targeted for Q1 2030.

Kengo Kuma is one of Japan’s most celebrated architects, globally known for his philosophy of harmonising architecture with nature through natural materials, light, and landscape integration. His landmark projects include the Japan National Stadium in Tokyo (2020 Olympics), V&A Dundee in Scotland, and the China Academy of Art’s Folk Art Museum. Wedyan is his first residential project in the UAE, bringing his signature approach of ‘softness, shadows, and organic textures’ to Dubai’s canal waterfront — a rare combination of global architectural prestige and Dubai super-prime real estate.

Wedyan offers over 65,000 sq. ft. of amenity space organised as a vertical ‘Journey’ across themed levels: The Oasis (ground-floor vegetation and water garden sanctuary with indoor lagoon and water features), The Shore and The Valley (leisure and social spaces including pools), The Mountain (exclusive club level with private offices, meeting rooms, and cigar lounge), a full spa with hydrotherapy and salt room, Pilates studio, boxing studio, podcast room, padel courts, golf simulator, cinema, and private dining lounges. Landscape design throughout is by Gustafson Porter + Bowman. Every residence features a private temperature-controlled car stacker in a humidity-controlled environment.

P.O.B1 Properties is a new residential development division launched in 2024 by Saif Al Ghurair Real Estate (SAGRE), the real estate arm of the Al Ghurair Group. The name references the group’s iconic possession of P.O. Box 1 — the first P.O. box ever assigned in Dubai, symbolising the family’s founding role in the city. P.O.B1 is dedicated to creating functional, design-led residential and commercial destinations in Dubai’s high-growth zones, leveraging SAGRE’s extensive Dubai land bank to deliver communities that foster belonging and long-term value.

Wedyan residences start from AED 26 million for three-bedroom apartments, with penthouses and the Sky Villa (43,000+ sq. ft.) at significantly higher price points. The payment plan is 60/40: 25% on booking, 35% across construction milestones, and 40% on handover. Handover is targeted for Q1 2030. Expected annual rental yield is approximately 7%, supported by the tower’s canal-front positioning, Kengo Kuma architectural pedigree, and extreme scarcity (149 units only). All units qualify for the UAE 10-year Golden Visa.

Wedyan is positioned directly on the bend of the Dubai Water Canal in Business Bay — one of Dubai’s most mature and sought-after mixed-use districts. The location offers: Downtown Dubai approximately 5 minutes away, Burj Khalifa and Dubai Mall approximately 8 minutes, DIFC approximately 10 minutes, Dubai International Airport approximately 17 minutes, and Dubai Marina approximately 20 minutes. The Business Bay Metro Station is within walking distance, and the canal provides water taxi access.

Al Ghurair Group’s construction arm has contributed to some of Dubai’s most iconic structures, including Burj Khalifa (the world’s tallest building), the Dubai Metro network, Emirates Towers, Fairmont Hotel, Kempinski Hotel, BurJuman mall, and multiple Dubai Roads and Transport Authority projects. Al Ghurair also owns and operates major retail destinations including BurJuman, Reef Mall, Al Ghurair Centre, and Oasis Centre — making the group one of the most significant shapers of Dubai’s physical landscape over the past six decades.

Wedyan represents a compelling super-prime investment case. The combination of Kengo Kuma’s global architectural prestige (his first UAE project), Al Ghurair’s six-decade institutional credibility, extreme scarcity (just 149 units in a 46-storey tower), direct Dubai Canal waterfront positioning, large-format residences (from 4,000 sq. ft.), and proximity to Downtown Dubai supports both capital appreciation and long-term value preservation. Expected yield is approximately 7% annually. Dubai’s H1 2025 real estate transactions reached AED 431 billion (+25% YoY), with $10M+ home sales growing more than fourfold since 2019.

All three occupy Dubai’s super-prime tier, but with distinct identities. OMNIYAT is the most established, with 7 Dorchester Collection partnerships and dominance of Dubai’s $10M+ segment. Sankari Properties pairs a 40-year fashion family legacy with Foster + Partners and the world’s first Regent-branded homes. Al Ghurair Collection’s unique advantage is its six-decade institutional legacy as an actual builder of Dubai — the family whose construction arm helped build Burj Khalifa — combined with Kengo Kuma’s rare first UAE project and a genuine canalfront address. Where Sankari signals new ambition and OMNIYAT signals established luxury dominance, Al Ghurair Collection signals generational permanence.