Dubai Properties
Latest Projects
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Dubai Properties is the largest developer in the emirate and a subsidiary of the global investment conglomerate Dubai Holding. During its 17 years of operation, the company has developed numerous residential and commercial projects, and has also launched a range of properties in Dubai for both owning and investing, such as Business Bay, Jumeirah Beach Residence (JBR), Dubailand and Jaddaf Waterfront. Dubai Properties is known for transforming the city and making a significant contribution to the famous Dubai skyline.
About Dubai Properties
Dubai Properties started out as Estithmaar Realty in 2002, and at the time the purpose of the company was to manage world-class real estate and business assets. Dubai Properties was founded as part of the unified Jumeirah Beach Residence (JBR) project, which is recognized as the largest single-phase residential project in the world.
In 2005, Dubai Properties was transformed into a structural division of Dubai Holding, which was founded in 2004. The holding operates in 13 countries all over the world and has assets totaling AED 130B (USD 35.5B). By managing key projects in Dubai, the company pursues the goal of transforming the socio-economic landscape of Dubai and integrating into the global economy.
*The price is valid for 2023
The main areas of its activity include the development of real estate, hotel business, medical network, ICT, educational institutions, retail trade, leisure facilities, as well as the sectors of production and science. Dubai Holding provides a whole range of services for the construction, maintenance and management of facilities, which include but are not limited to project development, security and sales schemes.
For this, the corresponding structural enterprises have been created, in addition to Dubai Properties:
- Jumeirah Group is responsible for the development of VIP hotels and manages 15 world-class projects, including the Burj Al Arab in Dubai, 5 in Europe and 3 located in Asia.
- TECOM Group manages 10 successful commercial areas in Dubai, including Dubai Internet City and Dubai Media City.
- Media Group manages leading mass media and entertainment programmes, such as Global Village, Events Done, Arabian Radio Network, and Platform Network.
- Dubai Retail develops investment strategies for Dubai Holding.
- Dubai Asset Management participates in the management of residential assets in the UAE.
- Emirates International Telecommunications LLC (EIT) is the main telecommunications investment vehicle for Dubai Holding.
- Ejadah provides a full range of services in the field of facility management, effectively managing all services that ensure the continuous operation of the property and the comfort of its residents. In 2020, the company became the winner in the category “FM Company of the Year” at the FMME Awards 2020.
- Masat is in charge of BTL across all destinations and districts of Dubai Holding.
Company Management
The owner of the diversified company is the ruler of Dubai, Sheikh Mohammed bin Rashid Al Maktoum. Meanwhile, Khalid Al Malik is the CEO of Dubai Properties. He is responsible for shaping the Dubai landscape through the development of projects for living and investment. Khalid Al Malik makes strategic decisions on urban space and infrastructure planning and he also supervises the largest Land Bank in the emirate.
As the CEO of Dubai Holding, he manages international investment and negotiates with foreign partners on behalf of the company. Khalid Al Malik is a board member of SmartCity Malta, SmartCity Kochi, Empower, Noor Bank and the UAE International Investment Council, along with the Dubai Future Cities Council.
Priorities
Dubai Properties aims at the development of the non-oil economy of Dubai by creating a modern comfortable infrastructure in the sectors of healthcare, education, science, trade, entertainment and business. The master developer implements some of the most unique projects, including the “living wall”, which is designed to offset carbon emissions. The vertical garden is 688 feet long and 19 feet high, offsetting approximately 4.4 tons of carbon emissions each year.
Awards
The company has received a number of high-level awards over the years. Unique Properties awarded Dubai Holding the Top Brokers Award in 2018 for the eighth consecutive year. The same year in January, the developer was awarded the Best Supporting Entity to the Government Procurement Programme as part of the tenth Mohammed bin Rashid Award for Young Business Leaders. This award recognizes the contribution of the company in the development of the Emirate and the UAE economy as a whole and one of its flagship projects, Jumeirah Central, was proclaimed “Future Project 2017”. In 2016, Dubai Properties received the “Best Achievement” award for the best brokerage performance.
Popular Projects
Dubai Properties offers various types of real estate in Dubai, such as apartments, townhouses and villas, suitable for any buyer. Its extensive real estate portfolio includes both completed and off-plan projects.
The most important developments by Dubai Properties are as follows:
Dubai Creek Harbour is a colossal project in conjunction with Emaar Properties. The master plan of the upcoming development includes residential and commercial buildings, a park, on-site parking, landscaped gardens and a square. As well as that, the project plans to feature a promenade area, Creek Beach, an area with residential complexes, The Island District, and a shopping and entertainment area called Dubai Square. There are 1-3 bedroom apartments available for sale, as well as 4-bedroom penthouses in many major complexes, such as 17 Icon Bay (due for completion in Q4 2022), Creek Gate (to be ready for handover in Q4 2021), Bayshore (Q3 2022), Breeze (completed) and Creek Horizon which overlooks the Burj Khalifa (completed), just to name a few. The prices start from AED 1,029,000 (USD 280,000), and have an expected ROI of 6%.
1 / JBR is a 47-storey residential tower in Jumeirah Beach Residence with private beach access and stunning panoramic sea views. The development offers an array of 2-4 bedroom apartments and 5-bedroom penthouses for the starting price of AED 7,000,000 (USD 1,900,000). The development of 1/JBR was completed in Q4 2019.
Serena is a complex with an area of about 8.6 million sq.ft. and consists of Casa Dora, Bella Casa and Casa Viva. Interested buyers can choose from a range of 2-3 bedroom townhouses and 3-bedroom villas. These properties are sold by the developer, but there is an opportunity to purchase them on the secondary market at a minimum cost of AED 1,820,000 (USD 495,000). The rental yield averages at 6%.
*The price is valid for 2023
Villanova is a community in Dubailand, offering mostly off-plan residences. The complexes LA ROSA I, II, III, IV, V and VI all have villas with 2-5 bedrooms and 3-4 bedroom townhouses at a minimum price of AED 1,270,000 (USD 345,000). It is worth noting that spacious 3-5 bedroom luxury villas in its La Quinta and Amaranta sub-communities are currently sold out, although they can be purchased from new owners on the secondary market. The average ROI for these types of properties is 6.5%.
La Vie is a complex located in the iconic area of Dubai JBR and features a collection of premium off-plan 1-4 bedroom apartments and penthouses for sale. The development will be completed in the first quarter of 2023 with starting prices of AED 7,300,000 (USD 2,000,000).
The Bellevue Dubai Towers complex consists of two 23-storey towers located in the center of the prestigious Burj Khalifa area. There are 1-3 bedroom apartments, lofts and penthouses on offer, starting at AED 2,230,000 (USD 607,000), offering a 7% ROI.
Mudon is a new residential development on the edge of the desert in DubaiLand, at the intersection of Al Qudra Road and Emirates Road (E 611). It consists of Al Salam, Al Naseem Townhouses, Rahat Villas, Mudon Views and Arabella developments, which feature villas and townhouses, both completed and off-plan. As well as this, Mudon Views offers 1-3 bedroom apartments, including two-level layouts, at a price of AED 1,150,000 (USD 313,000), with an ROI of 6.5%
*The price is valid for 2023
Madinat Jumeirah is a residential complex, located opposite the famous Burj Al Arab. The development offers 1-4 bedroom apartments of various layouts and sizes for sale. Some of the buildings were commissioned in the second quarter of 2021, while the construction of other structures is ongoing and can currently be purchased off-plan. The starting price for these properties is AED 1,200,000 (USD 327,000) with a rental yield of about 7%.
The development of Marsa Al Arab features artificial islands with a total area of 3.9 million sq.ft in the Persian Gulf, in the Jumeirah area. The complex consists of 9 six-bedroom villas with 3 ;floors and private underground parking. The handover is scheduled for the fourth quarter of 2021 and the luxury properties can be purchased at a price of AED 40,000,000 (USD 10,890,000).
Manazel Al Khor and Dubai Wharf are complexes in Dubai Creek, with 1-3 bedroom apartments available for purchase. At the moment, the properties can be purchased on the secondary market.
*The price is valid for 2023
Dubai Properties offers real estate in various pricing segments, from affordable residences to luxury villas. Flexible payment plans from the developer and benefits on specific projects make the process of acquiring real estate even more attractive for investors from all over the world. Moreover, investing in Dubai Properties projects is fully justified due to the high ROI.
Metropolitan Premium Properties
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[email protected]
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+971 54 321 9259
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Office 1913, Al Manara Tower,
Business Bay, Dubai, UAE
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