Almal Real Estate Development is set to broaden its portfolio with strategic expansions into the commercial real estate market in the UAE and new residential projects in Bali and Thailand. As part of its ambitious growth plan for 2030, the company is launching The Smart Space, a network of luxury business centers offering five-star amenities, catering to the rising demand for premium, flexible office spaces. These high-end business hubs will be available for off-plan commercial sales, aligning with Dubai’s 2040 Urban Master Plan and its vision for sustainable commercial growth.

Beyond the UAE, Almal is venturing into Bali and Thailand, where it will focus on developing upscale villa and townhouse communities. This expansion marks the company’s entry as a community developer in key international markets, further strengthening its global footprint.

Meanwhile, Almal continues to make strides in its flagship developments. The Unexpected Al Marjan Island Hotel and Residences in Ras Al Khaimah, located near the upcoming Wynn resort and casino, is being developed in partnership with Palladium Hotel Group under The Unexpected Hotels brand. With over 420 hotel rooms and fully managed residential units, the project is set for completion in Q1 2027 and aims to redefine luxury hospitality in the region.

Additionally, the company has completed its Harrisoni Villas project in La Mer South, Dubai. These ultra-luxurious villas are now on the market, with prices starting at AED 100 million ($27.2 million). Both projects highlight Almal’s commitment to delivering sophisticated residential and hospitality experiences, reinforcing its position as a leader in the UAE’s real estate sector.