Dubai-based real estate firm Ohana Development has launched the AED4.7bn ($1.3bn) Jacob & Co Beachfront Living by Ohana residential project in the Al-Jurf area of Abu Dhabi.
The developer said in an official statement that the project involves 457 residential units, including apartments, villas, penthouses and mansions.
Construction is expected to begin later this year and be completed by 2028.
The project is being developed in partnership with the US-based jewellery firm Jacob & Co.
The project is another addition to Ohana Development’s portfolio in Abu Dhabi, which includes Ohana by the Sea in Al-Jurf and Elie Saab Waterfront by Ohana on Reem Island.
The UAE’s heightened real estate activity is in line with GlobalData’s forecast that the construction industry will register annual growth of 3.9% in 2025-27, supported by investments in infrastructure, renewable energy, oil and gas, housing, industrial and tourism projects.
The residential construction sector is expected to record an annual average growth rate of 2.7% in 2025-28, supported by private investments in the residential housing sector, along with government initiatives to meet rising housing demand.
MEED’s May 2025 report on the UAE includes:
> COMMENT: UAE is poised to weather the storm
> GOVERNMENT & ECONOMY: UAE looks to economic longevity
> BANKING: UAE banks dig in for new era
> UPSTREAM: Adnoc in cruise control with oil and gas targets
> DOWNSTREAM: Abu Dhabi chemicals sector sees relentless growth
> POWER: AI accelerates UAE power generation projects sector
> CONSTRUCTION: Dubai construction continues to lead region
> TRANSPORT: UAE accelerates its $60bn transport push
> DATABANK: UAE growth prospects head north