Dubai’s New Island Developments Fuel Off-Plan Property Sales Surge
Monday, 2 December 2024
The UAE real estate market is witnessing a resurgence in island-themed projects, with developments like Damac Islands and Dubai Islands offering a range of luxury waterfront living options. From affordable townhouses to ultra-luxury villas, the off-plan property market continues to attract global investors.
Key Highlights:
- Damac Islands Unveiled:Located in Dubailand, Damac Islands features four-bedroom townhouses starting at AED 2.25 million and six-bedroom homes priced at AED 6.3 million.
- Affordable Island Living:Damac Islands introduces new pricing tiers for waterfront living, making it accessible to a broader range of investors.
- Market Impact:This development expands island living options beyond super-premium areas like Palm Jumeirah and Jumeira Bay, offering diverse choices for off-plan buyers.
- Other Notable Island Projects:
- Nakheel’s Dubai Islands and Majid Al Futtaim’s Tilal Al Ghaf include record-breaking island hubs.
- Sobha has launched luxury properties at Siniya Island in Umm Al Quwain, with villas starting at AED 10.5 million and apartments at AED 1.18 million.
- Abu Dhabi developers like Aldar are planning new islands near Yas and Saadiyat Islands.
- Celebrity Endorsements:Damac’s launch event featured celebrities such as Amitabh Bachchan, Ranveer Singh, Amir Khan, and Nadine Njeim, highlighting the project’s global appeal.
- Developer Insights:Hussain Sajwani, Chairman of Damac Properties, emphasized the vision of creating exclusive yet inviting communities, reinforcing the growing demand for waterfront living.
- Rising Investor Demand:Waterfront developments, like Damac’s Lagoons project launched in 2021, have seen significant success, fueling interest in new island-themed communities like Damac Islands.
These developments underline Dubai’s growing appeal as a hub for waterfront luxury living and diverse investment opportunities.
