Reef National Foundation and PepsiCo have signed a memorandum of understanding (MoU) to recognize the role of Saudi farmers, including plans to develop a national KSA Farmers Excellence Award. Image courtesy: Reef National Foundation
The “Miraki Group,” headquartered in the UAE and Singapore, has announced its strategic expansion into Dubai South, marking a new chapter in its growth. With a burgeoning real estate portfolio, Miraki is set to launch a new mixed-use project in the region, further solidifying its presence in Dubai’s competitive property market.
Current Development Portfolio
The group is currently managing a development portfolio valued at nearly $1 billion, which includes approximately 2,400 residential units actively under construction in Dubai. The new project, to be named “Celeste,” is expected to be officially unveiled in November 2026.
Miraki’s Real Estate Experience
Miraki boasts over 25 years of experience in development, construction, and education sectors, successfully completing over 100 projects across the UAE. These projects encompass residential homes, commercial spaces, hospitals, educational institutions, and recreational facilities, reflecting the company’s versatility and commitment to quality.
Quality Assurance and Rental Performance
The group’s commitment to excellence is evidenced by the successful delivery of “The Haven I,” which achieved a remarkable 73% snag-free handover rate. This project has also shown strong rental performance, with the annual rental value for one-bedroom apartments reaching around AED 75,000, significantly higher than the regional average of AED 63,000—an impressive 19% premium.
Future Plans and Community Focus
Ajay Rajendran, the Founder and Chairman of Miraki Group, stated, “Dubai South represents a significant new step in Miraki’s growth journey. We see strong potential in the area, supported by ongoing infrastructure development, connectivity, and community growth. Our approach focuses on developing thoughtfully-designed projects that meet the needs of residents and deliver sustainable long-term value.”
The upcoming project will centre around smart living, careful design, and daily life experiences, consistent with Miraki’s broader philosophy of creating meticulously planned homes that ensure long-term value. More details about the project will be disclosed ahead of the official launch.
Conclusion
As Miraki prepares to officially announce its new project in Dubai South in November 2026, further details will be released in the coming weeks, promising to set a new standard in the region and positioning “Celeste” among the top three residential projects in the area.
About Miraki Developers
Miraki Developers is a Dubai-based real estate development company known for executing high-quality projects with precision and integrity. With integrated expertise in design, engineering, and contracting, Miraki ensures projects are executed smoothly from concept to completion.
The group remains committed to redefining urban living through thoughtful design, sustainability, and lifestyle-focused amenities, aiming to develop vibrant communities that enhance well-being and elevate daily living experiences.
Looking towards 2030, Miraki aims to rank among the top ten developers in Dubai by continuing to deliver high-quality residential experiences to its clients, thereby enhancing trust and adding happiness to the lives of its community residents.