Located on a prime waterfront plot, the tower will rise more than 40 floors and offer views of the Dubai skyline and Palm Jumeirah. The residences will include one, two and three-bedroom homes along with a select number of penthouses. The development will feature a range of private amenities and tailored services aligned with Hilton’s long-standing standards of consistency and quality.
Part of a larger waterfront district
The development sits within a new mixed-use waterfront zone that will include marina precincts, leisure promenades and direct connectivity to major corridors such as Sheikh Zayed Road and Downtown Dubai. Residents will have shoreline access and a mix of community spaces that combine the energy of the city with the quieter character of the coast.
The agreement reinforces Prestige One’s strategy of selecting high-value land plots and developing residential projects with a strong lifestyle component. The company has been expanding its presence in Dubai’s competitive development landscape by pairing premium locations.
Nivetha Dayanand is Assistant Business Editor at Gulf News, covering aviation, financial markets and commodities. A business and financial journalist with a strong interest in multimedia storytelling, she regularly takes complex financial and economic subjects beyond the written word, producing explainer videos that make them easier for a wider audience to understand.
Nivetha has interviewed senior policymakers, business leaders and global financial figures both on and off camera. Her past guests include UAE Minister of Economy and Tourism Abdulla bin Touq Al Marri, Khaled bin Alwaleed Al Saud, a member of the House of Saud and the founder and CEO of KBW Ventures, Jihad Azour, Director of the Middle East and Central Asia Department at the International Monetary Fund and Indian ministers Hardeep Singh Puri and N. Chandrababu Naidu.
She has also hosted and moderated panels, conferences and awards shows, bringing her newsroom experience to live conversations on business, finance and the economy.
An Erasmus Mundus journalism alum, Nivetha is drawn to stories that affect people directly and to reporting that gives a platform to voices that might otherwise go unheard. She was among the first journalists to speak to Petrofac employees in the UAE about unpaid salaries, broke the news of the planned demolition of Dubai’s well-known “Toyota Building”, and helped set the record straight on widely circulated claims that a giant replica of the Moon was coming to Dubai. More recently, her exclusive interview with EDGE Group CEO Hamad Al Marar revealed how the UAE-based defence group deployed its systems along the country’s shore border and established a geofence around the UAE within 48 hours of the February 28 escalation.
Prior to joining Gulf News, Nivetha worked at ITP Media, where she helped launch Finance Middle East, a new publication covering the region’s financial sector. Her role spanned reporting and editing, video production, interviews and events.
Across print, digital, and video, she focuses on finding the people behind business stories and explaining why those stories matter to the audience reading or watching them.
