First metaverse project 2117 launches in the UAE inspired by Dubai ruler’s vision

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Updated 25 September 2022
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First metaverse project 2117 launches in the UAE inspired by Dubai ruler’s vision

  • The metaverse is aligned with Mohammed bin Rashid Space Center’s layout for Mars

DUBAI: The UAE-based Web3 pioneer BEDU launched the country’s first metaverse project under the name 2117, inspired by the ruler of Dubai Sheikh Mohammed bin Rashid Al-Maktoum’s vision to build the first colony on Mars.

BEDU’s CEO Amin Alzarouni told Arab News that the metaverse’s name, 2117, comes from Sheikh Mohammed bin Rashid Al-Maktoum’s announcement in 2017 that the first colony on Mars would be built a hundred years from then.

“So that’s why we call the metaverse 2117, inspired by that vision,” he said.

The newly launched metaverse is aligned with Mohammed bin Rashid Space Center’s space layout for Mars, and BEDU plans to build a full world on it that includes residential buildings, hotels, entertainment centers, schools, universities, and healthcare facilities, Alzarouni informed.

According to him, millions of dollars have been invested in the metaverse project without providing a specific figure.

Besides claiming that the firm’s name is derived from the Bedouin term, Alzarouni added that the firm’s mission is to follow the nomads’ footsteps and discover the next planet.

“They [nomads] basically discovered the land here, discovered Earth, and now we are going to continue discovering different areas, and the next destination is Mars,” he said.

SPEEDREAD

According to the CEO, millions of dollars have been invested in the metaverse project. He says the firm’s mission is to discover the next planet.

He explained that 2117 is an immersive digital world that exists in parallel to reality. It will take 95 years for the Mars vision to become a reality in the real world.

The main focus of metaverse 2117, according to Alzarouni, is the value of humanity, regardless of its apparent space orientation.

“We are focusing a lot on humanity and the values of humanity, which is how people can live together with tolerance, with no differentiation between religion, culture and race,” he said.

Alzarouni explained that 2117 is an immersive digital world that exists in parallel to reality. It will take 95 years for the Mars vision to become a reality in the real world, but BEDU is already achieving it in the metaverse right now.

Aside from providing BEDU with the space layout, MBRSC also provides the data required to create a metaverse that is as real as possible, Alzarouni said.

Job creation

Alzarouni said that in the metaverse, companies can scale up much faster and easier, which could result in more jobs being created.

There will be new jobs to fill in the metaverse five to 10 years from now, he said.

“One of the jobs that I foresee being created in the future is a combination of an architect with the programming skills that exist in the metaverse,” he said.

As a result, he added, a new skill set could be created by introducing a curriculum in universities where students would graduate with an architect mindset and software programming skills to be able to fulfill a role in the metaverse.

Societal integration

As a concept, the metaverse already exists in different verticals, and games like Roblox and Fortnite have already briefly incorporated it into society, the CEO said.

“The concept of digital twin exists in the manufacturing business, automobile business, and the real estate business, which is one aspect of how the metaverse could help,” he said.

However, he added that the world is in its early stages of integrating the metaverse into reality. “It will take a bit of time, depending on the adoption rates,” Alzarouni said. The implementation of the metaverse into society could take five to ten years, he continued.

BEDU’s main objective and strategy is to become the next unicorn in the Web3 sector, Alzarouni said.

“At the moment, we are all equal. Nobody can claim that they are ahead of the game, not Meta, not Microsoft, not any other metaverse project, and not even us,” he said.

In metaverse 2117’s vision, people will be able to work in the metaverse, go to school, and enjoy concerts, he said.
2117 timeline

The journey will begin in “2117” with a take-off from Earth, taking users through space for seven months until they land on Mars. It is estimated that the journey will begin this December, Alzarouni said.

The public will be able to participate in the metaverse starting in October and it will close at the beginning of December 2022.

Alzarouni said the sale would be open for two periods. The first sale, which will be private, will amount to 0.2117 ETH. In the second sale, which is for the public, the price will be 0.25 ETH, he added.

Web3 users with digital wallets will be able to connect their wallets and gain access to 2117 using their crypto, he said. “So, it’s as simple as any e-commerce experience that people have nowadays,” he added.

Upon BEDU’s release by the end of October, people will be able to access the 2117 metaverse via a link shared by the firm, he concluded.


MEA to see $3tn real estate, infrastructure pipeline by 2030, JLL says 

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MEA to see $3tn real estate, infrastructure pipeline by 2030, JLL says 

RIYADH: The Middle East and Africa region is set to see a $3 trillion pipeline of real estate and infrastructure projects between 2026 and 2030, driven by tight occupancy levels and strong investor demand, an analysis showed. 

In its latest report, professional services firm JLL said low vacancy and strong absorption rates are among the key drivers accelerating the sector’s transformation in the region, easing supply constraints and supporting rental and sales growth. 

The steady momentum in the region’s real estate and infrastructure sectors underscores the ongoing economic diversification efforts pursued by countries across the region.

In July, real estate consultancy Knight Frank said the Kingdom’s construction output value is expected to reach $191 billion by 2029, representing a 29.05 percent increase from 2024, driven by residential development, ongoing giga-projects and rising demand for office space. 

James Allan, CEO, UAE, Egypt and Africa at JLL, said: “Strong market fundamentals boosted the Middle East and Africa real estate market in 2025, setting the momentum for sustained performance across asset classes in 2026.” 

He added: “We saw record residential transactions, double-digit growth in industrial and logistics rents, and an exceptionally tight 1 percent office vacancy rate in 2025, driven by professional talent migration, substantial private investment, and strategic infrastructure development.” 

According to the report, the delivery of key infrastructure projects in the region will further catalyze new real estate developments and attract increased private sector participation. 

In the evolving capital landscape, cross-border capital and alternative financing mechanisms are projected to play an increasingly central role, particularly in greenfield developments where investment stock remains limited. 

The report added that improved market transparency across the region, driven by regulatory changes, is also expected to bolster investor confidence in the Middle East and Africa markets. 

JLL said the UAE remains central to this growth trajectory, with projected project cash flows of $795 billion from 2026 to 2030, including $470 billion allocated to real estate development. 

In November, CBRE echoed similar views on the region’s real estate sector, saying Saudi Arabia’s ongoing economic diversification push is energizing its property market, with office rents in Riyadh climbing 15 percent year on year and occupancy reaching 98 percent by the end of the third quarter of 2025. 

CBRE added that the strong performance in Saudi Arabia’s office sector is buoyed by the Kingdom’s non-oil economic expansion and an influx of multinational companies relocating regional headquarters to Riyadh.