Mohammed Khader, chief development officer at Almal Real Estate Development/Image: Supplied
Mohammed Khader, chief development officer at Almal Real Estate Development, reveals how the company is expanding its global reach through experiential hospitality, premium residences and Dubai’s emerging smart-workspace market.
How is The Unexpected positioned for long-term investment growth given its proximity to the Wynn Casino and Al Marjan Island’s rapid rise?
Our location beside the Wynn resort creates a long-term demand. We’re building more than a hotel; we’re creating a lifestyle-led ecosystem. By combining experiential hospitality with branded, fully managed residences, we generate recurring revenue, stronger occupancy, and sustainable value appreciation for investors. The goal is simple: outperform market cycles by anchoring ourselves to a growing tourism and entertainment hub.
How will the project merge the Ibiza spirit with Palladium Hotel Group management?
Ushuaïa Ibiza Hotel or what is now known as The Unexpected Ibiza Hotel brings the cultural energy: the music, the day-to-night pulse, the bold design. Palladium brings the operational precision. Together, they create a hospitality model where iconic entertainment meets disciplined global management. Residents and guests get the best of both worlds: immersive experiences supported by robust performance systems.
What sets The One by Almal – Bali apart in Nusa Dua’s competitive development landscape?
The One by Almal in Bali is intentionally multi-segment. Private villas cater to capital-growth buyers, townhouses serve families and long-stay users, while resort-managed apartments attract yield-driven investors. By diversifying the mix, we broaden our market reach and stabilise occupancy across seasons. It’s an ecosystem approach, not a single-product approach, and that’s what creates durable value.
How does The One Bali’s location and resort-style amenities enhance value?
Nusa Dua already performs exceptionally well as a luxury destination, and we amplify that with private pools, rooftop dining, co-working lounges, and hospitality-led services. These amenities are not decorative, they’re revenue drivers. They help us capture premium nightly rates and attract hybrid travellers who stay longer and come back more often.
How will Almal balance its luxury reputation while entering commercial real estate through The Smart Space?
The Smart Space is a strategic brand extension. We’re applying our luxury design principles, smart technology and service ethos to a commercial product. It allows us to diversify without diluting our identity. The aim is to introduce a premium, flexible workspace model that complements our hospitality and residential portfolio while unlocking new growth channels.
How does The Smart Space align with Dubai’s 2040 Urban Master Plan?
Dubai’s 2040 vision is about sustainable, people-centered, tech-enabled urban development. Smart Space fits directly into that narrative. By placing flexible, smart workspaces in key urban hotspots, we support reduced commute times, higher efficiency, and adaptive business environments. It’s a commercial asset designed for the next generation of Dubai’s economy.
