Leading real estate developers, One Homes, have signed a strategic partnership agreement with UAE-based Ayana Holdings for a first-of-its-kind $40 million resort-living development in Islamabad.
The group recently acquired 100,000 square feet of prime land in the twin cities, bordering a 2,500-acre national forest and within minutes of a PGA Standard golf course. They will be developing Pakistan’s first resort-living development, tailor-made for overseas Pakistanis.
One Homes, known for leveraging their global network to bring world-leading companies to Pakistan, signed a strategic partnership agreement with Ayana Holdings at the group’s head office in Dubai, United Arab Emirates.
Ayana Holdings is a leading and diversified real estate group headquartered in Dubai. The group, within their businesses, both develops and operates real estate and is known for their robust financial, operational, and strategic experience with a proven track record of navigating diverse and complex economies.
Commenting on the collaboration, Aqib Hassan, Chief Commercial Officer at One Homes, said, “We’re very excited to partner with a highly experienced and innovative group in Ayana Holdings. At One Homes, our vision is to create the highest level of lifestyle developments in Pakistan with a core goal of improving our clients’ lifestyles. This collaboration with Ayana will allow us to leverage their global expertise to bring world-leading technology and concepts to our landmark development in Islamabad.”
One Homes is part of the One Group, a sister company to Dubai’s leading real estate company, One Investments, and the UK’s One Capital. The One Group has been involved in some of the most high-profile developments across the United Kingdom, Dubai, and Pakistan. They currently have four mega-projects in Pakistan, with a Gross Development Value exceeding $200 million USD, including Diyar Homes and the highly celebrated One Canal Road Lahore, which are being developed under partnership.
Chairman of Ayana Holdings, Abdullah Bin Lahej, said, “Pakistan is a rich and diverse nation with which the UAE shares historic relationships. We are honoured to collaborate with One Homes on this first-of-its-kind development and look forward to contributing to creating a first-of-its-kind project for the people of Islamabad.”
CEO and Founding Partner of Ayana Holdings, Hamid Kerayechian, said, “We have been looking at Pakistan for some time now. The market has always been on our radar, but we had been waiting for the right opportunity. Working with a visionary and reputable international developer of the caliber of One Homes is what we needed to take this first step. This project in Islamabad is very exciting, and we will certainly be utilising our global expertise as strategic partners to ensure we deliver a world-class scheme similar to what we would develop here in Dubai, Istanbul, or anywhere else in the world.”
In his closing remarks, Aqib added, “A resort-living development is a project where we combine the lifestyle of a resort with residential living. The project’s amenities will match a five-star hotel and typically include a full lobby, theatres, restaurants and cafes, 24-hour concierge services, state-of-the-art fitness facilities, and dedicated children’s entertainment zones blended with traditional residential living, in effect delivering overseas Pakistanis with the best of both worlds. To deliver these cutting-edge concepts, we have to leverage our global network and partner with companies that have experience in delivering projects of this level on the international stage.”
Some of the notable projects Ayana Holdings has been involved with include Mandarin Oriental, Istanbul; Saadiyat Island, Abu Dhabi; Nuraxi Resort, Sardinia, Italy; and Nautilus Resort, Maldives.
