Dubai Properties
Projects
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Dubai Properties, a major developer in Dubai, is part of Dubai Holding, a global investment company. Over its 17-year history, Dubai Properties has created many homes and offices in Dubai. They've introduced various properties for people to own or invest in, like Business Bay, Jumeirah Beach Residence (JBR), Dubailand, and Jaddaf Waterfront. Dubai Properties has played a big role in shaping Dubai's skyline and making the city what it is today.
About Dubai Properties
Dubai Properties began in 2002 under the name Estithmaar Realty with the aim of handling top-notch real estate and business assets. It was established as part of the big Jumeirah Beach Residence (JBR) project, known as the world's largest single-phase residential project.
In 2005, Dubai Properties became part of Dubai Holding, formed in 2004. Dubai Holding operates in 13 countries worldwide and holds assets worth AED 130 billion (USD 35.5 billion). By overseeing important projects in Dubai, Dubai Properties works towards transforming the city's socio-economic landscape and connecting it with the global economy.
Dubai Holding is involved in various sectors such as real estate, hotels, healthcare, technology, education, retail, entertainment, production, and science. They offer a wide range of services like building, maintaining, and managing properties, including project development, security, and sales strategies.
For this, the corresponding structural enterprises have been created, in addition to Dubai Properties:
- Jumeirah Group is responsible for the development of VIP hotels and manages 15 world-class projects, including the Burj Al Arab in Dubai, 5 in Europe and 3 located in Asia.
- TECOM Group manages 10 successful commercial areas in Dubai, including Dubai Internet City and Dubai Media City.
- Media Group manages leading mass media and entertainment programs, such as Global Village, Events Done, Arabian Radio Network, and Platform Network.
- Dubai Retail develops investment strategies for Dubai Holding.
- Dubai Asset Management participates in the management of residential assets in the UAE.
- Emirates International Telecommunications LLC (EIT) is the main telecommunications investment vehicle for Dubai Holding.
- Ejadah provides a full range of services in the field of facility management, effectively managing all services that ensure the continuous operation of the property and the comfort of its residents. In 2020, the company became the winner in the category “FM Company of the Year” at the FMME Awards 2020.
- Masat is in charge of BTL across all destinations and districts of Dubai Holding.
Company Management
The ruler of Dubai, Sheikh Mohammed bin Rashid Al Maktoum, owns a diverse company. Khalid Al Malik serves as the CEO of Dubai Properties, responsible for developing projects for living and investment in Dubai. He makes important decisions about city planning and oversees the largest Land Bank in Dubai.
As the CEO of Dubai Holding, Khalid Al Malik handles international investments and deals with foreign partners. He also serves on the boards of SmartCity Malta, SmartCity Kochi, Empower, Noor Bank, and the UAE International Investment Council, as well as the Dubai Future Cities Council.
Priorities
Dubai Properties works on making Dubai's economy stronger without relying on oil. They focus on building modern facilities in healthcare, education, science, trade, entertainment, and business. One of their special projects is the "living wall," which helps reduce carbon emissions. This vertical garden is 688 feet long and 19 feet high, and it can offset about 4.4 tons of carbon emissions every year.
Awards
Over the years, Dubai Properties has been honored with several prestigious awards. For instance, in 2018, Unique Properties recognized Dubai Holding with the Top Brokers Award for the eighth year in a row.
Additionally, in January of the same year, the developer received the Best Supporting Entity to the Government Procurement Programme award as part of the Mohammed bin Rashid Award for Young Business Leaders. This award acknowledges the company's contribution to the development of the Emirate and the UAE's economy. One of its notable projects, Jumeirah Central, was also named "Future Project 2017."
In 2016, Dubai Properties was awarded the "Best Achievement" prize for its outstanding brokerage performance.
Popular Projects
Dubai Properties provides a wide range of real estate options in Dubai, including apartments, townhouses, and villas, catering to different types of buyers. They offer both finished properties and those that are still under development.
The most important developments by Dubai Properties are as follows:
Dubai Creek Harbour
Dubai Creek Harbour is a huge project developed by Emaar Properties. It includes apartments, offices, parks, and more. The plan also includes a promenade, beach, residential area, shopping center, and entertainment area called Dubai Square. There are apartments with 1-3 bedrooms and penthouses with 4 bedrooms available for sale. Prices start from AED 1,029,000 (USD 280,000), and there's an expected return on investment of 6%.
1/JBR
1/JBR is a tall building in Jumeirah Beach Residence that has 47 floors. It gives residents access to a private beach and amazing views of the sea. You can find 2-4 bedroom apartments and 5-bedroom penthouses there, starting from AED 7,000,000 (USD 1,900,000). The building was finished in the last quarter of 2019.
Serena
Serena is a large community covering about 8.6 million square feet. It includes three parts: Casa Dora, Bella Casa, and Casa Viva. If you're interested in buying, you can choose from 2-3 bedroom townhouses and 3-bedroom villas. These homes are sold directly by the developer, but you can also find them on the resale market, starting at AED 1,820,000 (USD 495,000). On average, you can expect a rental income of 6% from these properties.
Villanova is a community located in Dubailand, where you can find many new homes that are not yet finished. There are different sections called LA ROSA I, II, III, IV, V, and VI, offering villas with 2-5 bedrooms and townhouses with 3-4 bedrooms. The starting price for these homes is AED 1,270,000 (USD 345,000). If you're looking for larger luxury villas with 3-5 bedrooms in the La Quinta and Amaranta areas, they are currently sold out, but you might find them available from other homeowners on the resale market. On average, these properties can give you a return on investment of 6.5%.
La Vie is a luxury residential complex situated in the famous JBR area of Dubai. It offers a range of high-quality apartments and penthouses for sale, with 1 to 4 bedrooms. The construction of this development will be finished by the beginning of 2023. Prices for these upscale homes start at AED 7,300,000 (USD 2,000,000).
The Bellevue Dubai Towers is a development comprising two towers, each 23 stories tall, situated in the heart of the renowned Burj Khalifa district. These towers offer a variety of residential options, including 1 to 3 bedroom apartments, lofts, and penthouses. Prices for these homes start at AED 2,230,000 (USD 607,000), and they provide a return on investment of 7%.
Mudon is a newly built residential area located on the outskirts of the desert in DubaiLand, where Al Qudra Road and Emirates Road intersect. It includes several developments such as Al Salam, Al Naseem Townhouses, Rahat Villas, Mudon Views, and Arabella, offering a mix of villas and townhouses. Some of these properties are ready for occupancy while others are still being built. Additionally, Mudon Views offers apartments with 1 to 3 bedrooms, including two-level layouts, starting at AED 1,150,000 (USD 313,000), with a return on investment of 6.5%.
Madinat Jumeirah is a residential area located across from the famous Burj Al Arab. It offers a variety of 1-4 bedroom apartments in different layouts and sizes for sale. Some buildings were completed in the second quarter of 2021, while others are still under construction and available for purchase off-plan. Prices for these properties start at AED 1,200,000 (USD 327,000), with an expected rental yield of about 7%.
Marsa Al Arab is a development project that includes man-made islands spanning 3.9 million square feet in the Persian Gulf, located in the Jumeirah area. The project consists of nine luxurious six-bedroom villas, each with three floors and private underground parking. These properties are set to be completed and available for purchase in the fourth quarter of 2021, with prices starting at AED 40,000,000 (USD 10,890,000).
Manazel Al Khor and Dubai Wharf are housing complexes located in Dubai Creek. They offer apartments with one to three bedrooms for sale. Currently, these properties are available for purchase from previous owners in the secondary market.
Dubai Properties offers real estate in various pricing segments, from affordable residences to luxury villas. Flexible payment plans from the developer and benefits on specific projects make the process of acquiring real estate even more attractive for investors from all over the world. Moreover, investing in Dubai Properties projects is fully justified due to the high ROI.
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Kingdom Capital Real Estate
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Office 513, AB centre, sheikh Zayed road, Dubai, UAE
Jumeirah Beach Residence