{"id":95587,"date":"2024-09-09T00:00:00","date_gmt":"2024-09-09T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/uae\/dubai-real-estate-newcomer-majid-developments-earmarks-aed-500-mn-in-investments-by-next-year\/"},"modified":"2024-09-09T00:00:00","modified_gmt":"2024-09-09T00:00:00","slug":"dubai-real-estate-newcomer-majid-developments-earmarks-aed-500-mn-in-investments-by-next-year","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/uae\/2024\/09\/09\/dubai-real-estate-newcomer-majid-developments-earmarks-aed-500-mn-in-investments-by-next-year\/","title":{"rendered":"Dubai real estate newcomer Majid Developments earmarks AED 500 mn in investments by next year"},"content":{"rendered":"

Majid Developments earmarks AED 500 mn for Dubai expansion: <\/strong>Real estate developer and newcomer Majid Developments<\/a> is planning to invest AED 500 mn across five new projects in Dubai by 2025, entirely funded by the company\u2019s internal resources, Majid\u2019s CEO Mansoor Majid was quoted as saying by Khaleej Times<\/a>. <\/p>\n

He attributed the investments to high demand from buyers from India, Pakistan, Afghanistan, Turkey, and Europe <\/strong>against a shortfall in supply. <\/p>\n

What\u2019s on its roster?<\/strong> The company launched its debut project \u2014 Mayfair Gardens \u2014 in Jumeirah Garden City, offering one-bedroom and studio apartments in. Some 40% of the project\u2019s units were sold before launch, with handover slated for June 2026. <\/p>\n

What\u2019s next? <\/strong>Majid plans to launch two other Mayfair projects in Jumeirah Garden City, before moving on to develop two new projects in Jumeirah Village Circle and Arjan. The plan is to focus on Dubai, with a target of at least 20 projects in the emirate, before expanding to other emirates down the line, Majid added. <\/p>\n","protected":false},"excerpt":{"rendered":"

Majid Developments earmarks AED 500 mn for Dubai expansion: Real estate developer and newcomer Majid Developments is planning to invest AED 500 mn across five new projects in Dubai by 2025, entirely funded by the company\u2019s internal resources, Majid\u2019s CEO Mansoor Majid was quoted as saying by Khaleej Times. He attributed the investments to high […]<\/p>\n","protected":false},"author":1,"featured_media":95588,"comment_status":"","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1565],"tags":[87,7,1492,98],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-95587","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-real-estate","tag-dubai","tag-enterpriseam-uae","tag-majid-developments","tag-real-estate","wpautop","entry"],"acf":{"mongo_id":"c82392e0-998b-4abd-8111-922ec678bdce","order":"4","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/9\/573.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Dubai real estate newcomer Majid Developments earmarks AED 500 mn in investments by next year","related_issue":[95580],"teaser":"","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/9\/.592bc27c-9b33-485c-87ee-6c4008efe6ba.mp3"},"yoast_head":"\nDubai real estate newcomer Majid Developments earmarks AED 500 mn in investments by next year - UAE<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/uae\/2024\/09\/09\/dubai-real-estate-newcomer-majid-developments-earmarks-aed-500-mn-in-investments-by-next-year\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Dubai real estate newcomer Majid Developments earmarks AED 500 mn in investments by next year\" \/>\n<meta property=\"og:description\" content=\"Majid Developments earmarks AED 500 mn for Dubai expansion: Real estate developer and newcomer Majid Developments is planning to invest AED 500 mn across five new projects in Dubai by 2025, entirely funded by the company\u2019s internal resources, Majid\u2019s CEO Mansoor Majid was quoted as saying by Khaleej Times. 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