More than 220,000 people moved to Dubai in the first half of 2024, according to Amira Sajwani, Managing Director of DAMAC Properties, which fueled the continuous increase in demand for residential real estate.
“The real estate market in Dubai is experiencing exceptional momentum, with strong demand continuing from both investors and end-users,” she said on the sidelines of the launch of “Riverside Views,” the company’s first project for 2025.
Dubai’s strategic location between Europe and Asia, combined with its investor-friendly rules, has made it a global appeal, according to Sajwani.
“The demand for real estate in the UAE is unmatched by other markets. Some of the projects launched by the company have achieved billions of dollars in sales within just a few hours.”
She also mentioned that the company’s new project in Miami, which was created by Zaha Hadid Architects, has an investment value of more than $1 billion.
The stylish one- and two-bedroom apartments at Riverside Views are arranged in eight clusters with distinct themes: Teal, Azure, Marine, Indigo, Royal, Capri, Sun, and Pacific. The project’s blend of flora and aquatic vistas is intended to foster a sense of community and connection to nature, as well as to improve people’ sense of well-being and environmental connection. We will keep influencing Dubai’s upscale real estate market and introducing recognizable goods.