Within an hour of its official opening on Wednesday, Maya V, a residential tower by real estate developer London Gate, sold out. The fourth quarter of 2024 is when the 102-unit tower in Jumeirah Village Triangle is expected to be finished.
London Gate unveiled plans for its flagship projects, which will be located in prized Dubai locales and include Marina 106, Nadine I & II, and Maya V.
In New Dubai, 1,800 new apartments are anticipated by 2026, while 1,900 new units are anticipated in Central Dubai within the same period, according to recent studies from the UAE real estate industry.
“Dubai is an unparalleled destination for top-tier real estate ventures. At London Gate, our vision is to redefine and revitalize the city’s iconic skyline and property landscape, thereby establishing new thresholds that transcend industry standards. Our unwavering commitment lies in not only meeting but exceeding the ever-evolving demands of the market. Our developments will cover Dubai’s prominent hotspots and will deliver one of the tallest buildings overlooking the Dubai Marina, one-of-its-kind branded residences, along with extraordinary residential spaces across Dubai land and Jumeirah Village. We aim to create an enduring legacy through our relentless pursuit of exceptional quality, unparalleled style, and a culture of continuous innovation. London Gate is poised to become synonymous with excellence, setting a new paradigm that reshapes the narrative of luxury living in Dubai,” said Eman Taha, CEO of London Gate.
The extraordinary features and services promised by London Gate’s next developments demonstrate the company’s dedication to excellence. With 649 opulent living spaces, comprising one to four-bedroom apartments and deluxe duplexes with amazing city views, Marina 106, located in Dubai Marina, will rise 434 meters high. While Maya V in JVT will offer interconnected living spaces built for families, including 1, 2, and 3-bedroom homes, Nadine I & II in Al Furjan will build a dynamic community inspired by the architectural wonders of Venice and Rome.
In Dubai, there is a clear increase in demand for high-quality residential buildings, which is being fueled by rising interest in prestigious luxury and premium brands among both developers and purchasers.
A surge in broker interest was witnessed at the launch event, with close to 1,200 brokers attending the launch. “Ultimately, the developers can’t keep up in terms of delivery right now. So as long as the demand continues to outstrip the supply, this market will continue,” a London Gate spokesperson said.
The project is currently targeting end-users. “We’re launching starting from Dh1,000 per square foot which is why we’ve gained so much interest,” the spokesperson said, adding that the prices are pushing towards Dh1,250 per square foot.
With the superstructure at Maya V completed, the tower is close to 50 percent ready. “Currently most launches are being scheduled for delivery in 2026 or 2027, but this project will be delivered next year, so that has added to the interest for end-users,” the spokesperson said.