Brookfield and Lunate have established Alya, a Dubai-based platform targeting premium residential developments across the GCC, combining international investment expertise with regional market knowledge.
November 10, 2026 | Palak Kataria | UAE | Real Estate | 2 Min Read
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Global investment firms Brookfield and Lunate have launched Alya, a new residential development platform focused on premium build-to-sell properties across the Gulf Cooperation Council (GCC).
The Dubai-based venture will pursue residential projects in high-growth regional markets, bringing together Brookfield's international development capabilities and Lunate's regional investment networks.
The platform will prioritise design quality, long-term value and project delivery rather than pursuing development volume.
Alya will focus on developing homes for sale to regional and international buyers.
The company said its approach will be shaped by the characteristics of each development site, including its location, surrounding community and intended residents.
Rather than applying a standard design across multiple projects, Alya plans to develop individual architectural concepts suited to each location.
The venture's management team brings more than 40 years of combined experience in regional residential real estate.
Alya is pursuing a pipeline of developments across the GCC, although specific project locations, investment values and launch dates have not yet been disclosed.
The venture is regulated by the Dubai Financial Services Authority (DFSA) and combines institutional investment practices with local market knowledge.
Brookfield contributes global development experience, while Lunate provides regional access and relationships.
The platform's stated strategy includes project selection, design, construction oversight and customer experience through to handover.
Its institutional ownership and governance structure are intended to support consistent standards across future developments.
Otto Dreyer, Chief Executive Officer of Alya, said the company aims to establish a residential development business built around lasting quality.
He highlighted the importance of maintaining standards throughout the development process, from initial planning and design to execution and handover.
Alya said it will adopt a selective approach to identifying opportunities, allowing its management team to concentrate on individual project requirements rather than the number of developments launched.
The launch establishes a new residential development platform backed by two major investment firms.
Its planned developments will target premium housing demand across the Gulf, although the company has not confirmed which markets will receive its first projects.
Further announcements are expected to clarify Alya's development pipeline, project specifications and delivery schedules.
For the regional real estate sector, the venture represents an additional source of institutionally backed investment focused on premium residential development.
Sources: Zawya; Gulf Construction
