Dubai’s most established business families unite under ARY & MAZ Developments

Business

Dubai’s most established business families unite under ARY & MAZ Developments

Two of the UAE’s most influential business families have joined forces with the launch of ARY & MAZ Developments, a new real estate venture created through a partnership between ARY Group and Maher Al Zarooni Group. The joint entity aims to introduce a new benchmark of urban development in Dubai, supported by a planned AED 2.5 billion project pipeline.

ARY Group, known for its diversified portfolio across gold, media, real estate, and sports, joins Maher Al Zarooni Group, an Emirati family enterprise with decades of experience in real estate, technology, telecom, and investments. Together, the families intend to deliver large-scale, high-quality developments across some of Dubai’s fastest-growing communities.

Major project pipeline announced

ARY & MAZ Developments will roll out a series of residential and mixed-use projects, including multiple high-rise towers and villa communities. Its flagship development, Barari Palace, is set to be revealed soon and is positioned to become one of Dubai’s most exclusive residential towers.

The company’s wider portfolio covers strategic zones such as Majan, Dubai Islands, Nad Al Sheba, Jumeirah Village Circle (JVC), Dubai Land Residence Complex (DLRC), and Dubai South—reflecting the emirate’s continued expansion into master-planned neighbourhoods.

Strong legacy from both families

ARY Group’s real estate footprint includes ARY Marina View in Dubai Marina, one of the district’s early luxury waterfront towers, and ARY Laguna in Pakistan, a mega-project spanning 20 million square feet centered around the world-renowned Crystal Lagoon. The first phase of ARY Laguna has already been completed.

Maher Al Zarooni Group, whose origins date back to the 1960s, has shaped multiple neighbourhoods across the UAE with a portfolio that includes high-rise residential and commercial projects such as Al Zarooni Tower in Dubai Marina and Al Arouba Tower in Sharjah, as well as several housing developments across the Emirates.

Leaders express confidence in Dubai’s growth

“Dubai is entering one of its most exciting chapters—this is the moment to build with conviction,” said Salman Iqbal, Founder and Executive Chairman of ARY & MAZ Developments. “By combining two UAE brands that people trust, we aim to create developments that stand as lasting benchmarks of quality and value.”

Maher Al Zarooni, Founder and Chairman of ARY & MAZ Developments, added: “Our collaboration with ARY is built on mutual trust and a shared vision—to deliver developments that stand out for their quality, distinction, and contribution to Dubai’s evolving real estate sector.”

Launch aligns with strong market momentum

Dubai’s real estate sector continues its upward trajectory. By early 2025, the city’s population reached 3.92 million, increasing by nearly 1,000 new residents daily. The UAE’s residential real estate market, valued at USD 36 billion in 2024, is expected to rise to USD 52 billion by 2030, driven by sustained demand, investor confidence, and Dubai’s global appeal.

ARY & MAZ Developments plans to build on this growth, delivering high-rise and community projects that integrate architectural innovation, sustainability features, and smart-living technologies.

The new company emphasized its commitment to supporting the UAE leadership’s long-term vision by creating future-ready, value-driven communities while preserving the decades-long legacy of both families.

The official unveiling of ARY & MAZ Developments will take place in Dubai on 20 November, where the company is expected to present its development roadmap and future plans for luxury living in the UAE.