The UAE real estate market is expected to reach Dh2.5 trillion by the end of 2024, according to Statista, due to the arrival of high-net-worth individuals (HNWIs) seeking investment opportunities in the emirate, particularly in the luxury property sector.
The off-plan market, featuring numerous ultra-luxury projects and megaprojects, is a focal point for these investors. In August 2024, off-plan sales accounted for 65% of total transactions, a 54% increase compared to the same period last year, according to data released by QUBE Development.
The real estate developer plans to invest an additional Dh2.6 billion in Dubai by the end of 2025 to expand its portfolio in this prime market.
“The surging demand for premium real estate in Dubai reinforces our commitment to deliver efficiently and to the highest standards,” said Ramy Abdel Kader, Construction Director at QUBE Development.”
QUBE Development has recently launched its first residential project, Cubix Residences, in Jumeirah Village Circle (JVC), catering to the family-oriented community.
