{"id":96485,"date":"2024-10-04T00:00:00","date_gmt":"2024-10-04T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/uae\/dubai-developers-plan-over-aed-16-7-bn-in-investments\/"},"modified":"2024-10-04T00:00:00","modified_gmt":"2024-10-04T00:00:00","slug":"dubai-developers-plan-over-aed-16-7-bn-in-investments","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/uae\/2024\/10\/04\/dubai-developers-plan-over-aed-16-7-bn-in-investments\/","title":{"rendered":"Dubai developers plan over AED 16.7 bn in investments"},"content":{"rendered":"

Dubai\u2019s property market attracted fresh investments from local developers<\/strong>, with Reef Luxury Developments, MAG Lifestyle Development, Samana, and London Gate planning a combined AED 16.17 bn in investments in residential projects throughout the emirate.<\/p>\n

#1- Newcomer <\/strong>Reef Luxury Developments<\/a><\/strong> is leading the charge with AED 14 bn earmarked for over 30 upcoming projects<\/strong> by December 2025, according to a press release<\/a>. The developer is set to launch 5k residential units worth over AED 5 bn in the next three months.<\/p>\n

#2- Real estate firm <\/strong>London Gate<\/a><\/strong> is working with Swiss luxury watchmaker Franck Muller on a AED 1.6 bn Franck Muller Vanguard Tower in Dubai Marina<\/strong>, according to a press release<\/a>. This development will comprise 722 luxury units spread across 34 floors, with handovers scheduled for September 2027.<\/p>\n

#3- Dubai-based real estate developer <\/strong>MAG Lifestyle Development<\/a><\/strong> is building a AED 350 mn MAG 777 tower in Dubai Sports City<\/strong>, according to a press release<\/a>. This 22-storey project will include 261 units, with handovers planned for the end of next year. The development is currently 60% complete.<\/p>\n

#4- Real estate developer <\/strong>Samana<\/a><\/strong> is building<\/strong> a AED 220 mn project in DubaiLand Residence Complex, dubbed <\/strong>Samana Park Meadows<\/strong>, according to a press release<\/a>. The project, spanning 160k sq ft, is set for handover in March 2028. <\/p>\n

REMEMBER-<\/strong> Samana said it is planning to invest AED 12.5 bn<\/a> in new residential projects this year, with 18 projects in the pipeline. The developer has already announced several projects in Dubailand, including an AED 855 mn development<\/a> and a separate 16-story residential complex<\/a>.<\/p>\n

The emirate\u2019s property market has been red hot<\/strong>, with plenty of investments announced in recent weeks. Developers including HRE Development, One Development, and Kasco Developments recently revealed a combined AED 13.2 bn in investments<\/a> in the emirate, while Dubai-based conglomerate Wheel of Fate\u2019s new real estate arm pledged AED 10 bn in investments across the UAE, including several in Dubai. <\/p>\n","protected":false},"excerpt":{"rendered":"

Reef Developments is eyeing AED 14 bn in investments by the end of next year<\/p>\n","protected":false},"author":1,"featured_media":96486,"comment_status":"","ping_status":"open","sticky":false,"template":"","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":[87,7,1342,98],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-96485","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-real-estate","tag-dubai","tag-enterpriseam-uae","tag-investment","tag-real-estate","wpautop","entry"],"acf":{"mongo_id":"d948be30-b5e6-46ce-a41c-f75b1b25b220","order":"6","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/7\/677.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Dubai developers plan over AED 16.7 bn in investments","related_issue":[96475],"teaser":"Reef Developments is eyeing AED 14 bn in investments by the end of next year","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/10\/.c555595f-fb61-4367-88b3-954b23f4d6ff.mp3"},"yoast_head":"\nDubai developers plan over AED 16.7 bn in investments - 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