The property market in Dubai has become one of the most volatile in Asia after seeing multiple ups-and-downs.
In such a dynamic and competitive environment, choosing a reputable developer with reliable financial performance and an established footprint record couldn’t be more relevant.
Dubai is home to hundreds of entrepreneurs, mostly involved in different sectors, funded by big conglomerates, or established by wealthy locals.
Before you agree to an investment, you must do a comprehensive history check for each developer. We have mentioned some of the most prominent DEVELOPERS IN UAE below.
1. Emaar Properties
Emaar Properties- one of the most prominent Property Developers in Dubai- was established in 1997, and it had an estimate of about USD 9.7 billion by June 2018. With an annual turnover of USD 5.83 billion, the firm is among the world’s top real estate developers.
Mohamed Alabbar- listed among the wealthiest people in the UAE and the Middle East- is the founder and chairman of Emaar.
They have designed some of the most exemplary structures in Dubai over the years. The Burj Khalifa- the world’s tallest hotel- is among their leading projects. Some of their other projects are:
- Dubai Aquarium
- The Dubai Mall (the largest shopping mall in the world)
- Underwater Zoo
- The Dubai Fountain
- Dubai Ice Rink
- Reel-Cinemas (the Middle East’s largest cinema complex)
Emaar provides worldwide land production and property maintenance facilities and operates about 60 branches in various countries. Overall, Emaar Properties is developing properties in 36 countries, including Pakistan, Turkey, Egypt, Saudi Arabia, Iraq, and UAE.
Types of Properties
Residential, commercial, sports, leisure, and hospitality properties are part of Emaar Properties’ portfolio. They are best known for their large-scale rural community schemes, such as The Ranches of Arabia, The Lakes, The Springs, The Greens, and The Meadows.
The Projects
- Dubai Creek Residences
- Dubai Hills Estate
- Mulberry at Park Heights
- The Grand at the Dubai Creek Harbour
- Collective at Dubai Hills Estate
- Saffron at Emaar South
- Sunrise Bay at Emaar Beach Front
- Island Park 1 at Dubai Creek Harbour
Prices of Properties
- Three-bedroom Apartments in the Emaar 6 Towers Al Yass Tower for about AED 4.8 million (USD 1.3 million) are available.
- One-bedroom Apartments in Dubai Marina’sMarina’s Murjan Tower for about AED 2.1 million (USD 570,000) are available.
2. Deyaar Property Developments
Deyaar was established in 2002 and has appeared as one of the leading property development firms in the last decade. The CEO and Managing Director of Deyaar are Mr. Saeed Al Qatami, who has been working since April 2010. Earlier to this designation, he was serving as a Vice President of Business Growth since 2007.
Deyaar provides its services across four distinct business divisions, including:
- Development Facilities management
- Property management
- Property
- Owner’sOwner’s community management
Previously, Deyaar worked as Dubai Islamic Bank’sBank’s property management unit, but later concerning growth; it converted into an independent private entity.
Today, Deyaar’sDeyaar’s branches are spread globally, including Lebanon, the United Kingdom, Turkey, the Cayman Islands, the Netherlands, and the UAE. Among all the components of Deyaar, the most famous are Deyaar (UK) Limited, Deyaar for Development SA, Dubai Insaat, and Arady Development LLC.
Types of Properties
Deyaar has built both residential and industrial high-rise towers, some even iconic in the skyline of Dubai. Besides, new hospitality market projects are also in their future planning.
The Projects
- The Atria
- Mayfair Tower
- Mont Rose
- Central Park
- Al Dana Towers, Sharjah
- Midtown Dania
- Al Seef 2 Tower, Dubai
- Al Seef Tower, Dubai
- Clayton Residency, Dubai
- Central Park, Dubai
Prices of the Properties
- Apartments with 623 sqft in Midtown Afnan, Dubai Production City for about AED 690000 (USD 188,000) are available.
- Apartments with 772 sqft in Mont Rose, Dubai Science Park for about AED 970000 (USD 264,000) are available.
3. Damac Properties
DAMAC Properties- the most popular Property Developers in Dubai– was established in 2002. It is a part of DAMAC Group- based in 1992 by Hussain Sajwani; the fourth wealthiest individual in the Arab world.
The developers have many successful developments in Abu Dhabi, Dubai, Qatar, Saudi Arabia, Jordan, Lebanon, and the United Kingdom. On the Forbes 2017 Global 2000 ranking, Damac Properties was ranked number one among growing global businesses.
Types of Properties
In the last several years, Damac Properties has built many commercials, industrial, mixed-use, and hospitality properties. They also own DAMAC Hotels & Resorts, an affiliate. It reflects, as it speaks, on building hotels and resorts.
The Projects
- Sahara Villas
- Reva Residences
- Artesia DAMAC Hills
- The Park Villas at DAMAC Hills
Prices of Properties
- Houses in the Sahara Villas (golf community) for about AED 1.2 million (USD 320,000) are available.
- Luxurious villas in The Park Villas at DAMAC Hills for about AED 2.7 million (USD 730,000) are available.
4. Dubai Properties
Dubai Properties is the property management and development part of the Dubai Holding Group, a larger company. The Dubai Holding Group was established in 2004 by Sheikh Mohammed bin Rashid Al Maktoum, Dubai’s ruler. The chairman of the company is Abdullah Al-Habbai.
Several other subsidiaries are also owned by Dubai Holding Company, including TECOM Group, Jumeirah Group, Dubai Group, Dubai International Capital, and Arab Media Group.
In the last couple of years, they have successfully developed several high-profile projects, like Jumeirah Beach Residence, Culture Village, Tijara Area, and Dubai Internet City.
Types of Properties
The developer offers a wide variety of properties to rent or purchase. Houses, apartments, retail and commercial space, and land plots are among these properties.
The Projects
- Ghoroob Studio Apartments
- Shorooq Mirdif
- Remraam
- Mudon Views
- Casa Viva at Serena
Prices of Properties
- The Mudon Views apartment in Mudon Central Park for about AED 820000 (USD 223,000) are available.
- Remraam apartments for roughly about AED 970000 (USD 264,000) are available.
- Townhouses in Serena’sSerena’s Casa Vista for about 1.3 million AED (USD 350,000) are available.
5. Nakheel Properties
Nakheel Properties- established in 2000- has a remarkable record history. The company was set by Ali Rashid Ahmed Lootah and came among the world’s largest property developers only within two decades. Today, 87 countries are affiliating with their services.
The company hires more than 1,500 employees, and its annual sales are among billions of AED. Besides, there are its dozen subsidiaries in the real estate market, such as Jumeirah Islands, Nakheel Marinas, and Nakheel Asset Management.
The developers are mainly known for legendary projects in Dubai. Palm Jumeirah- a palm tree-shaped island- is one of their landmarks. This intentionally built island is spread nearly six square kilometers.
Besides, Nakheel also built the WORLD, comprising of various false islands that resemble the world and its continents.
Types of Properties
Nakheel designs properties for residential, industrial, shopping, hospitality, and leisure. Their residential developments include high-rise apartments, large-scale residential housing projects (International City, Dragon City), and mixed-use buildings (Jumeirah Heights).
The Projects
- Al Furjan
- Garden View Villas
- The Gardens
- Azure Residences
- Golden Mile 3
- Badrah
- Dragon Towers
Prices of Properties
- Two-bedroom Townhouses in the Jumeirah Village Circle for about AED 2 million (USD 544,000) are available.
- Three-bedroom Townhouses in the Jumeirah Village Circle for about AED 2.3 million (around USD 626,000) are available.
