Brookfield and Alshaya Launch Major Mixed-Use Development in Dubai Hills

Friday, 8 May 2026

Global investment leader Brookfield has partnered with Alshaya Group to develop a premium 480,000 sq ft mixed-use destination in Dubai Hills. The new project will combine Grade A office spaces, build-to-rent residences, and curated retail experiences, reinforcing Dubai’s position as a leading global hub for integrated urban living and investment.

Key Highlights

• Brookfield and Alshaya Group announced a joint venture for a 480,000 sq ft mixed-use development in Dubai Hills
• The project will feature Grade A office spaces, residential units, and retail offerings within a modern integrated environment
• Brookfield Properties will oversee development and real estate management for the project
• Alshaya Group will establish its new UAE headquarters within the development
• The project highlights rising demand for integrated live-work-play destinations in Dubai
• Dubai Hills continues to attract strong investor and corporate interest due to its strategic location and premium infrastructure
• The development reflects confidence in Dubai’s long-term real estate growth and urban expansion strategy
• Brookfield currently manages over $1 trillion in global assets and around $16 billion across the Middle East region
• Alshaya Group brings strong regional retail expertise through partnerships with internationally recognised lifestyle and dining brands
• The project is expected to contribute to Dubai’s evolving commercial and residential landscape while supporting sustainable urban growth
• Demand for high-quality office and residential communities in Dubai continues to rise alongside population growth and business expansion
• The mixed-use project aligns with Dubai’s vision to create connected communities offering convenience, accessibility, and premium lifestyle experiences