Last September, Dubai announced a new initiative called the Urban Think Tank & Design Lab (officially D.M-ULab). Then, this month, they announced that architects Santiago Calatrava and Kengo Kuma would be joining the think tank as "principal contributors."
The lab is focused on several key areas, but grouping them together, it's broadly focused on encouraging participatory design (as opposed to top-down planning), driving the use of new technologies such as AI, and enhancing quality of life through human-centric urban design.
This includes the creation of 20-minute communities where 80% of daily needs are within walking or riding distance.
This last focus area is particularly interesting because one could easily argue that modern Dubai started on the opposite end of this spectrum. Rather than focusing on the human scale, it was focused on the global-attention-grabbing-superlative scale.
When a remarkable new building is announced, the focus tends to be on the building as a symbolic object, not how it meets the ground and fits into its broader urban context. That's largely irrelevant to a global audience.
But it is this latter quality that will largely determine how human-centric the city ends up feeling — it's the spaces in between the buildings where public life happens.
So, how does this think tank intend to shift the city's focus? One of the first projects is the renewal of the city's older neighbourhoods through the creation of Barcelona-like superblocks that push vehicular traffic to their edges.
It's an admirable move, but it is noteworthy that this implementation is planned for the city's older neighbourhoods. Older neighbourhoods have the advantage of street grids that are already more human-centric in scale.
The true test of this lab will be whether it can transform its newer neighbourhoods. If it succeeds, it will be a model worth exporting to the rest of the world.
Cover photo by Dubai Travel Blog on Unsplash
Many years ago, a real estate broker said this to me, and it has stuck ever since. I often go back to it in my mind. The logic behind it is as follows.
The best answer is customarily "yes." "Would you like to invest $100 million into my development project?" "Yes, I'd love to! Where should I send the money? I'll do that right now." This is the outcome you want.
The second-best answer is "No, I don't like you and I don't like your project." This is not what you want to hear, and it will probably sting at first, but it's the next-best answer in that it offers complete certainty. You know where the person stands, and you can move on.
The absolute worst answer is a "no" disguised as a "maybe." "I don't know. Seems interesting. We'll see. Let me talk to my partners about it and get back to you." This answer creates false hope and delays things. Whenever possible, you want to suss out and avoid delaying an inevitable "no."
It's, of course, okay to need to think about things and do due diligence when it comes to important decisions, but ultimately, the goal is to get to either a "yes" or a "no" as quickly as possible.
It's okay to just say "no." In fact, it's the second-best answer you can give to someone.
Cover photo by Ryoji Iwata on Unsplash
As most of you know, the Toronto housing market has shifted its attention from condominiums to rentals. This is out of necessity. According to the Toronto Regional Real Estate Board, the GTA saw approximately 71,392 condominium apartments leased (counting only those leased through MLS) in 2025.
Quarter | Units Leased | Y-o-Y Change |
Q1 2025 | 14,797 | +16.7% |
Q2 2025 | 20,417 | +16.6% |
Q3 2025 | 22,491 | +20.2% |
Q4 2025 | 13,687 | +16.0% |
Total | 71,392 |
These increases are a result of having no other option. As demand has waned for new condominiums, a greater number of investors have decided to rent out their new condos. If you're a tenant looking for a new home to rent, this has been good news.
Last September, Dubai announced a new initiative called the Urban Think Tank & Design Lab (officially D.M-ULab). Then, this month, they announced that architects Santiago Calatrava and Kengo Kuma would be joining the think tank as "principal contributors."
The lab is focused on several key areas, but grouping them together, it's broadly focused on encouraging participatory design (as opposed to top-down planning), driving the use of new technologies such as AI, and enhancing quality of life through human-centric urban design.
This includes the creation of 20-minute communities where 80% of daily needs are within walking or riding distance.
This last focus area is particularly interesting because one could easily argue that modern Dubai started on the opposite end of this spectrum. Rather than focusing on the human scale, it was focused on the global-attention-grabbing-superlative scale.
When a remarkable new building is announced, the focus tends to be on the building as a symbolic object, not how it meets the ground and fits into its broader urban context. That's largely irrelevant to a global audience.
But it is this latter quality that will largely determine how human-centric the city ends up feeling — it's the spaces in between the buildings where public life happens.
So, how does this think tank intend to shift the city's focus? One of the first projects is the renewal of the city's older neighbourhoods through the creation of Barcelona-like superblocks that push vehicular traffic to their edges.
It's an admirable move, but it is noteworthy that this implementation is planned for the city's older neighbourhoods. Older neighbourhoods have the advantage of street grids that are already more human-centric in scale.
The true test of this lab will be whether it can transform its newer neighbourhoods. If it succeeds, it will be a model worth exporting to the rest of the world.
Cover photo by Dubai Travel Blog on Unsplash
Many years ago, a real estate broker said this to me, and it has stuck ever since. I often go back to it in my mind. The logic behind it is as follows.
The best answer is customarily "yes." "Would you like to invest $100 million into my development project?" "Yes, I'd love to! Where should I send the money? I'll do that right now." This is the outcome you want.
The second-best answer is "No, I don't like you and I don't like your project." This is not what you want to hear, and it will probably sting at first, but it's the next-best answer in that it offers complete certainty. You know where the person stands, and you can move on.
The absolute worst answer is a "no" disguised as a "maybe." "I don't know. Seems interesting. We'll see. Let me talk to my partners about it and get back to you." This answer creates false hope and delays things. Whenever possible, you want to suss out and avoid delaying an inevitable "no."
It's, of course, okay to need to think about things and do due diligence when it comes to important decisions, but ultimately, the goal is to get to either a "yes" or a "no" as quickly as possible.
It's okay to just say "no." In fact, it's the second-best answer you can give to someone.
Cover photo by Ryoji Iwata on Unsplash
As most of you know, the Toronto housing market has shifted its attention from condominiums to rentals. This is out of necessity. According to the Toronto Regional Real Estate Board, the GTA saw approximately 71,392 condominium apartments leased (counting only those leased through MLS) in 2025.
Quarter | Units Leased | Y-o-Y Change |
Q1 2025 | 14,797 | +16.7% |
Q2 2025 | 20,417 | +16.6% |
Q3 2025 | 22,491 | +20.2% |
Q4 2025 | 13,687 | +16.0% |
Total | 71,392 |
These increases are a result of having no other option. As demand has waned for new condominiums, a greater number of investors have decided to rent out their new condos. If you're a tenant looking for a new home to rent, this has been good news.
At the same time, Urbanation just reported that a total of 9,821 purpose-built rental apartments started construction in 2025, representing a 42% increase from the year prior. This is the highest annual total since the 1970s.
At year-end, this resulted in a total of 27,815 purpose-built rental apartments under construction in the Greater Toronto & Hamilton Area. And like individual condominium buyers, developers are doing this because there is, in most cases, no other option.
But while these may seem like large numbers, it's important to keep in mind that new condominium completions are currently on a downtrend toward zero completions in the coming years (for all intents and purposes).
Even with rental starts approaching 10,000 units per year, it's not enough to replace the condominium supply that is starting to evaporate. Based on current sales and starts, 2029 looks to be the year where we'll hit our housing supply bottom.
At the same time, Urbanation just reported that a total of 9,821 purpose-built rental apartments started construction in 2025, representing a 42% increase from the year prior. This is the highest annual total since the 1970s.
At year-end, this resulted in a total of 27,815 purpose-built rental apartments under construction in the Greater Toronto & Hamilton Area. And like individual condominium buyers, developers are doing this because there is, in most cases, no other option.
But while these may seem like large numbers, it's important to keep in mind that new condominium completions are currently on a downtrend toward zero completions in the coming years (for all intents and purposes).
Even with rental starts approaching 10,000 units per year, it's not enough to replace the condominium supply that is starting to evaporate. Based on current sales and starts, 2029 looks to be the year where we'll hit our housing supply bottom.
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