Dubai’s Billionaire Al Ghurair Family Enters the Luxury Real Estate Market

Dubai's real estate sector has drawn some of the most renowned developers from around the world. And now, one of the city’s wealthiest families is entering the market.

The Al Ghurair family, the emirate's most respected business dynasty with an estimated net worth of $10 billion, is entering the luxury real estate market through Al Ghurair Development. Their debut project, Wedyan, is set to become one of the most refined additions to the Dubai Canal waterfront.
Let’s find out why this story is making the buzz around town.

About the Al Ghurair Group

Sultan Al Ghurair, a member of the influential family behind Dubai’s first modern mall, is leading a new chapter for Al Ghurair Development. He aims to transform the group’s extensive land holdings into design-driven communities, introducing projects that blend heritage with innovation.

His first venture, Wedyan Dubai Canal tower, brings this vision to life as an ultra-luxury residential development designed by the acclaimed Japanese architect Kengo Kuma, marking the architect’s first collaboration in the UAE.

The Al Ghurair Group already commands a substantial real estate portfolio across the emirate, encompassing thousands of homes, offices, malls, hotels, and warehouses. Its patriarch, Abdulla Al Ghurair, ranks among the wealthiest individuals in the UAE with an estimated net worth of $10.3 billion.

For decades, the family maintained a strategy of owning and operating assets, rarely venturing into off-plan sales or new developments, a model now evolving through its latest venture.
 

Abdulla Al Ghurair remains one of Dubai’s most diversified business figures, with investments spanning Mashreq Bank, construction, cement, and food manufacturing, as well as a legacy in real estate development.
The family’s landmark project, Al Ghurair Centre, which opened in 1981, was the city’s first mixed-use complex, combining residences, offices, retail, and hospitality.

Introducing Wedyan: The Al Ghurair Family’s New Vision for Luxury Living

At the heart of this new chapter is Wedyan, a 46-storey architectural statement rising along the Dubai Canal. It is the first Kengo Kuma UAE project that introduces a new level of artistry to the emirate. 

The design by Kengo Kuma brings an artistic calm to the tower’s terraces, each styled as a modern interpretation of Japanese teahouses.

The tower will feature 149 ultra-luxury residences, including expansive penthouses and an exclusive three-storey sky villa, complete with multifunctional terraces, wellness spaces, Pilates studios, and tranquil teahouse-inspired pavilions.

Wedyan is part of the Al Ghurair Collection Dubai that seeks to reimagine what luxury living means in the city. Although pricing details remain under wraps, experts predict the project will align with Dubai’s most prestigious waterfront developments, where prime residences can reach AED 12,000 per sq. ft. or more.

Beyond Wedyan Dubai Canal Tower, Al Ghurair confirmed that several new housing projects are already in the pipeline, offering a broader mix of price points to cater to the city’s growing luxury segment.