Real estate in Dubai impresses foreigners with its versatility and immensity. Although real estate prices are increasing every day, housing in the UAE remains very common, as well as promising.
Properties in the UAE offer unique facilities, developed infrastructure, and high investment returns. The above-mentioned characteristics force foreign investors to examine the market and choose a housing option from the most popular developers.
Demand For Real Estate From Famous Developers
Dubai’s real estate market is very active. According to the Dubai Land Department, there were almost 75% more transactions in January 2022 with a 145% increase in the total value of transactions compared to the same period in 2021.
There were 15% more real estate transactions in January 2021 than in January 2020. The demand for real estate in Dubai increases after the pandemic and returned to its position. Besides, citizens of other countries are afraid of losing their money because of the unstable situation in the world.
They aim at investing in worthy projects that will save their budgets and give some profit. For this reason, they select a premium home from renowned developing companies.
Popular Real Estate Developers In Dubai
The real estate market in Dubai cannot be called monopolistic as several companies have made an equal contribution to the prosperity of the city. We`ve prepared a list of five developers known around the world that created the picture of modern Dubai.
They push the boundaries of possibilities in the real estate industry and make people witness the incredible results of human fantasy, talent, and dedication.
1. Damac Properties
Since 2002 Damac Properties has been considered a company number one in the sphere of luxury real estate in Dubai.
They provide residential, commercial, and leisure properties to any taste and money. Moreover, the company is widely known not only in the UAE but in Europe and Arabic countries as well.
The company was founded in January 2002 and is part of the DAMAC Group, founded in 1992 by Hussein Sajwani.
The projects of the company:
- Damac Hills
- Akoya Oxygen
- Elegance Tower
- Cavalli Tower
Meraas holding operates in the market of restaurants, retail, leisure, and another commercial real estate. It was founded in 2007 and has entered the list of prolific developers in the UAE.
Now the following apartments from Meraas are available:
- Bluewaters Residences apartment complexes priced from AED 2,310,386 ($629,000),
- Port de La Mer Residences priced from AED 1,399,454 ($381,000)
- Bulgari priced from AED 4,407,732 ($1,200,000).
3. Emaar Properties
One of the most significant and old companies on the market, Emaar Properties, was founded in 1997.
Everyone knows the outstanding Burj Khalifa and Dubai Mall, residential neighborhoods such as The Greens, The Meadows, The Views, The Springs, Emaar Beachfront, Arabian Ranches, Downtown Dubai, and others. Significantly, Emaar Properties pay attention not only to the high quality and exclusive design of houses but to the surrounding infrastructure as well.
4. Dubai Properties
Owned by Dubai’s ruler, Sheikh Mohammed bin Rashid Al Maktoum, Dubai Properties is a diversified global company operating in 12 countries, with more than 20,000 employees.
Dubai Properties implements versatile approaches to sales, leasing, and retail management. Being interested in delivering a seamless experience, they take into account any nuance in real estate development. In addition to the standard set of hotels and apartments, Dubai Properties offers villas, large commercial spaces, and even plots of land.
Nakheel (which means “palm tree” in Arabic) is a developer based in Dubai and one of the world’s leading developers. The company was established in 2003 and during its operation has contributed significantly to the creation of the emirate’s modern image.
Nakheel became the general developer of an artificial archipelago of 300 islands The World, resembling the shape of the Earth’s continents, Jumeirah Islands and Deira Islands complexes, as well as areas Al Furjan, International City, Jebel Ali Village, Jumeirah Village community, Jumeirah Park, The Gardens, Discovery Gardens, Nad Al Sheba Villas and Warsan Village.
The choice of a perfect housing option is always a tough decision. It becomes especially difficult when it comes to buying real estate abroad. Dubai is a good solution in this case. The metropolis offers ultra-luxury properties from renowned developers in any location.
It is impossible to distinguish one most famous developers as all of them build exclusive outstanding houses. If you have a strong desire to become aware of stylish houses in Dubai, visit the website Emirates.Estate.
It provides a wide selection of affordable options for any taste and budget. Do not hesitate to become closer to the home of your dream.