Qube Development, a renowned international real estate developer with 30 years of experience, has entered the thriving UAE market with plans to introduce AED2.6 billion ($680.6 million) in inventory by the end of 2025.
The developer is committed to setting new standards in sustainable and high-quality developments in Dubai, with a total GFA of 2,291,946 sq ft, it stated.
Qube Development honors its commitment to durability, reliability, sustainability, and exceptional quality by collaborating with world-renowned architects on all of their projects. According to a statement, Qube Development works closely with its local contractor to ensure meticulous design and construction.
Acting quickly in the market, Qube Development has already acquired a significant portfolio of land in Dubai, totaling 623,354 sq ft, while continuing to expand its holdings across the UAE. This allows for rapid adaptation to market demands and addresses customers’ changing needs, according to the statement.
“Building on the global legacy and expertise of its parent company, Qube Development leverages this extensive experience and solid reputation. The company is well-equipped to consistently deliver exceptional properties that meet the highest standards of excellence and reinforce standards in the UAE real estate sector,” it said.
Egor Molchanov, CEO of Qube Development, commented: “At Qube, we are thrilled to begin our journey in the UAE, leveraging our proven track record with local talent. We are committed to the excellence of the UAE’s real estate market and look forward to contributing to its prosperity with numerous upcoming projects across Dubai and the UAE.”
In 2024, registered sales transactions in Dubai in the first quarter alone totaled 35,310, the highest total ever recorded in a single quarter of the year and a 20.5% increase over 2023. According to Coldwell Banker Richard Ellis, a leading global real estate services company, off-plan property transactions have contributed the most to this growth, increasing by 23.9% over this period.
This figure is expected to increase through 2024, demonstrating the city’s stability and popularity as a top global destination. This trend reflects global investors’ ongoing interest in the UAE market, as well as residents’ and expatriates’ growing desire to invest in residential or commercial properties, according to the statement.