Prestige One Developments

Who Is Prestige One Developments in Dubai

The parent group has interests in construction, oil and gas, hospitality, and food and beverage, and spent 16 years investing in Dubai property before it began building its own projects.

Its founder leads the business as CEO, with Sulaiman Saifi as Vice Chairman. The head office is at Marina Plaza in Dubai Marina, and the firm describes its work as creating homes and workspaces shaped around how people live and work in the city.

Prestige One Growth From Property Investor to Developer

• Land buying started in 2018, and within 3 years of its opening launch the business had over 20 active sites.
• 2018: Land acquisitions begin across Dubai freehold communities.
• 2022: The Dubai Land Department names the founder among the emirate's top property investors.
• May 2023: First 2 launches, together valued at over AED 500 million, one of them a 140 unit building.
• 2024: Over 1,500 units released in one year, including homes on the Palm, on the islands, and in MBR City, plus a deal, making it the first regional real estate sponsor of the Argentina national team.
• Early 2025: Over 3 million sq ft developed, and Yamin Shihab joins as Chief Development Officer.
• July 2025: A new sales gallery and customer happiness center open, and a lead contractor is named.
• November and December 2025: Agreement signed with Hilton, then the waterfront scheme unveiled.
• April 2026: Contracts worth over AED 500 million awarded, with about 2,500 units under construction.

Prestige One Projects in Dubai by Community

Grouped by location, the portfolio covers 9 Dubai districts, with 3 more projects still to launch. The year after each name is its launch year.

Jumeirah Village Circle

• The Residence by Prestige One, 2023, G+5 low rise building, completed
• Berkeley Square North and Berkeley Square South, 2025

Dubai Sports City

• Vista by Prestige One, 2023, overlooking the Els Golf Club, completed
• Golf Residences by Prestige One, 2024

Meydan Horizon

• The Waterway by Prestige One, 2024
• Parkway by Prestige One, 2024
• Sanctuary Residences by Prestige One, 2026
• Sanctuary Hive by Prestige One, 2026, offices beside the Ras Al Khor Wildlife Sanctuary

Dubai Islands

• Seaside by Prestige One, 2024
• Coastal Haven by Prestige Harbour, 2025
• Luxury Canal Residences by Prestige One, 2025

Dubai Maritime City

• Hilton Residences Dubai Maritime City, 2025, is the first standalone Hilton-branded waterfront residential development in the world.
• Jumeirah Garden City
• FAUCHON Résidences by Prestige One, 2026, a French lifestyle branded scheme

DLRC

• The Boulevard by Prestige One, 2025
• Barsha Heights
• The One by Prestige One, 2024, a G+14 office tower and future head office

Palm Jumeirah

• Luxe Villa, Seascape Villa, and Palm Villa, private villas

Coming soon

• Vista Hub in Majan City, Prestige Square in Dubai, and Prestige Seaside in Greece

Types of Property by Prestige One Developer

Residential buildings make up most of the list, from a G+5 low rise block to waterfront residences on the islands and the lagoons of Meydan Horizon. Alongside them are 2 hotel and lifestyle branded projects and 3 standalone villas on the Palm. Offices make up a small share of the list, with a pair of office buildings.

Prestige One Handover Record: Targets Against Delivery

Below are targets Prestige One announced, set against what has been recorded since.

• First handovers  Promised for 2025. Delivered in 2026, The Residence early in April and Vista in mid April, about 3 years after launch.
• Unit pipeline  In 2023, a plan for another 5,000 residential units in and around the UAE within 5 years. By 2026, the stated total is 3,500 plus residential and commercial units.
• Portfolio size  In early 2025, a goal of 25 projects by year end. Today the official list shows 22, while the firm states 32 plus in development.
• Launches in 2025  11 planned. 6 carry that launch year on the website.
• Season 2026/27  7 to 8 more launches planned. 4 made so far this year.

Who Should Buy Prestige One Property and Who Should Not

Based on the record above, the portfolio suits some buyers far better than others.

Who Should Buy

• Home buyers in the 4 districts above that hold most of its launches.
• Purchasers drawn to a hotel or lifestyle brand on their home.
• Those who prefer to judge finished work before committing, since 2 completed buildings now stand as a reference.

Who Should Not Buy

• Families set on a townhouse or a villa community, as none has been launched.
• Anyone needing keys on a fixed date, since the opening handovers came several months after the year first announced.
• Anyone looking for a long delivery history, as only 2 projects are complete to date.

Who Builds Prestige One Projects

• Al Shafar Engineering is the main contractor for upcoming projects since July 2025.
• Drake and Scull International, AED 127.8 million contract for the twin JVC buildings above, awarded September 2026, and builder of the Majan project, where work began in May 2026.
• LACASA Architects and Engineering Consultants, architect for Vista.
• Hilton and FAUCHON brand partners for the 2 branded schemes.

Prestige One Awards and Recognition

• Arabian Property Awards 2026/27: Best Branded Residences in Dubai for Hilton, Best Single Apartment or Condominium Development for the Hilton penthouse, and Best Apartment or Condominium Development for Parkway.
• Luxury Lifestyle Awards 2026/27 Best Luxury Real Estate Developer.
• The Burj CEO Awards 2025: Luxury Lifestyle Developer.
• Dubai Land Department recognition for multi-billion dirham investments in homes, hospitality and land, plus an IPS 2026 citation.

Prestige One Developments Plans for 2026 and 2027

At the International Property Show in September 2026, Chief Sales Officer Hussein Ezz Eddin said the developer plans to put AED 3 billion to AED 4 billion into land and new projects during the 2026/27 season. He added that investor interest centres on waterfront developments, addresses near Burj Khalifa and hotel branded residences.