The Jumeirah Lake Towers are once again generating a large number of new launches, with Sobha Realty the most recent to do so with the Verde by Sobha, a high-rise. The most expensive apartments cost over Dh2 million. The 58-story building will be located across from Cluster H.
Recent launches from Ellington and Danube have also taken place at JLT, which has seen significant gains as investor demand spread throughout Dubai’s freehold clusters. According to sources in the market, the average transaction value is currently more than Dh2,000 per square foot. The nearby “Uptown Dubai” development, which will house a soon-to-be-completed tower, has further increased attention on the region.
“Dubai’s real estate market has been witnessing an upward trajectory and we expect further growth,” said Francis Alfred, Managing Director of Sobha Realty.
The developer, who has recently been busy with off-plan launches, anticipates making Dh1.6 billion in sales from The Verde. They have included Hartland 2 and Shaikh Zayed Road’s luxurious high-rises.
The project is expected to be finished in Q4 2026.
Offplan sales account for the majority of the current demand for real estate in Dubai, and major developers have made it easier for this process by continuing to introduce new projects.
As the supply of available properties for sale decreases, interest from foreign investors is at the root of the ongoing rise in demand.
The most recent batch of projects has completion dates of 2025–2026.