Alshaya Group and Brookfield have announced a joint venture to develop a 480,000-square-foot mixed-use project in Dubai Hills, marking one of the most significant commercial real estate partnerships announced in Dubai this year.

The development will incorporate office space, build-to-rent residential units, and retail, with an aim to position it as a lifestyle-oriented destination designed to meet growing demand for integrated urban environments in one of Dubai's most active residential and commercial districts.

The project will also serve as Alshaya Group's new UAE headquarters.

The announcement was made by Alshaya Group CEO John Hadden alongside Executive Chairman Mohammed Alshaya, with the signing cementing a partnership that builds on a longstanding working relationship between the two organisations.

"Since our first store over 40 years ago to now over 700, we remain committed to the UAE," said Hadden. "This project reflects both our and Brookfield's continued commitment to investing in the region's long-term growth."

Located in proximity to Dubai Hills Mall — where a number of Alshaya's internationally recognised hospitality and retail brands already operate — the development is strategically positioned within one of Dubai's fastest-growing master-planned communities.

Brookfield brings considerable regional credentials to the partnership, with a long-established presence across the UAE and a global portfolio that makes it one of the world's largest real estate owners and operators, with significant holdings in office and retail assets.

The joint venture reflects broader momentum in Dubai's mixed-use development sector, where demand for high-quality, amenity-rich environments that combine workspace, residence, and retail continues to outpace available supply in premium locations.

A delivery timeline for the project has not yet been disclosed.