Top 10 Real Estate Developers in Dubai
Top 10 Real Estate Developers in Dubai
The city well known for its exuberant lifestyle and astonishing property development is one of the most interesting cities in the world. Dubai, the capital of the United Arab Emirates and the heart of the Middle East needs no introduction. Earlier it sought its power in oil, however, nowadays it is being better known for high-end real estate and luxurious developments. Burj Khalifa, Palm Jumeirah, The Dubai Mall, Burj Al Arab are just a few creations to name.
Thanks to its real estate developers and for a better frame of reference here is a list of the top 10 real estate developers in Dubai.
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- Emaar Properties
This Properties has been a consistent contributor in the UAE real estate industry since its inception in 1997. It interests extend throughout the hotel industry, resorts, retail, residential and commercial real estate. The company is not only present in the United Arab Emirates but also in thirty-six several foreign markets of the Middle East, East Asia, Europe, North Africa, and North America.
Included in the firm’s portfolio are some iconic undertakings like the tallest building in the world, Burj Khalifa, the world’s largest shopping mall, The Dubai Mall, the stylish cultural destination, The Dubai Opera and more. Apart from these hotels and resorts, Emaar is also responsible for the breath-taking residential communities like Downton Dubai, Emaar Beachfront, Arabian Ranches and Dubai Hills Estate.
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Nakheel Properties
Dubai-based Nakheel is another well-known developer whose innovative, landmark projects form an ionic display of amazing communities and residential, retail, hospitality and leisure developments that are increasing the economic and societal values of the city.
Nakheel is world famous for its waterfront projects as well which include the award-winning Palm Jumeirah that not only adds up to a considerable number of kilometers to the city’s coastline but also enhances its overall beauty.
The company’s projects accommodate about 300,000 people and provide a growing range of destinations for folks in Dubai and its tourists. They cover Palm Jumeirah, Jumeirah Village, Discovery Gardens, Dragon City, International City, etc. Unlike many other real estate developers in Dubai, Nakheel offers a wide range of brands to suit various clients’ needs ranging from luxury properties to affordable one-bedroom projects.
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Deyaar Properties
Deyaar Properties is among the leading property dealers in Dubai, founded in 2002, it has seen a rapid rise over the past few decades. In a short span of time, it has managed to emerge as one of the prominent players in the competitive real estate markets of UAE. The developers majorly deal in four broad categories namely property development, property management, facilities management, and Owners’ Association management.
Deyaar has developed significant residential and commercial projects throughout the city including Dubai Marina, Jumeirah Lake Towers, Dubai Science Park, Dubai Production City and Al Barsha to name a few. It has also spread its wings around the world and continues to build innovative developments accommodating every lifestyle.
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DAMAC Properties
DAMAC Properties has been carving the Middle East’s luxury real estate market since its establishment in 2002, providing exemplary residential, commercial and leisure properties across the region and around. It functions and delivers projects across Saudi Arabia, Lebanon, Oman, Jordan and the United Kingdom.
Delivering exemplary residential, commercial and leisure destinations, DAMAC has portrayed a significant role in carving the luxury market of real estate in the UAE. It was established in the year 2002 and- has expanded on the grounds of countries like Saudi Arabia, Jordan, Oman, Lebanon, and the UK.
To date, DAMAC has developed and delivered around 35,000 homes with nearly 30,000 under planning and construction. Some notable developments include a world-class premium golf community referred to as DAMAC Hills. It is home to a variety of mixed-use properties, townhouses, villas, and apartments. It has leisure facilities, DAMAC Towers, AKOYA by DAMAC and Ghalia Constella.
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Dubai Properties
Dubai Properties, a member of the Dubai Hooding Group is a property development and management company established in 2004. It is a leading real estate master developer known for framing some of Dubai’s most renowned residential destinations.
Dubai Properties’ portfolio of projects stretches from Jumeirah Beach Residence also known as JBR. With an experience of a decade and a half. Dubai Properties has successfully managed to take care of the core needs of the homeowners and international investors.
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The First Group
The First Group is an integrated global property developer, founded thirty years ago by Danny Lubert and established its headquarters in Dubai in 2005. Since then, it has been operating as one of the major real estate developers in the UAE. Besides, it has a global presence in the foreign markets of the UK, Spain, US, West Africa, Southeast Asia & Cyprus.
The First Group builds residential, commercial and hospitality projects. Including Sky Bay Hotel, Avalon Tower, The Diamond and The Bridge – Dubai Sports City, and Dolphin Tower. They have also partnered with several international brands to develop luxury hotels. Furthermore, it has won numerous awards. It Ranging from The Best Residential High-Rise Development for The Bridge to The Best Developer Website.
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Omniyat
Omniyat is a privately owned real estate development and service group that commenced in 2005. Since then, it has constantly created residential, retail, commercial and hospitality spaces for a premium experience. One of its recent and most notable development projects is The Opus in the Burj Khalifa district. Other projects by the developer include The Pad, a high-rise residential building, The Binary, The Bayswater, and The Residences.
Although it underwent a rough phase during the Global Financial Crisis. It was capable of reemerging back as a strong player in the real estate market. Under the leadership of its CEO, Mahdi Amjad.
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SOBHA
The multinational, which also has branches in Oman, Bahrain, Brunei, and India. It was founded in 1976 by Indian businessperson PNC Menon. This real estate developer got recognized for its impressive portfolio of luxury properties; Sobha Realty has earned a reputation for quality.
The well-known Dubai developer has big plans in Meydan, including the highly anticipated Sobha Hartland projects.
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Gemini Property Developers
For over three decades, this Dubai based subsidiary of The Gemini Group. It has built a range of developments across India and the UAE. One of the latest projects, Gemini Splendor is a distinctive development that lets its people experience a life of luxury. Their upcoming project in the future is Symphony in Business Bay, a smart home real estate development.
Although their work collection is limited for now, its projects are iconic, luxurious. And in tune with the needs of the people.
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MAG Property Development
Since its inception in 2003, MAG has become one of the key players in the field of real estate in the Arab world. Just like other property developers in Dubai. MAG focused on high-end residential projects but lately, it has shifted the focus to affordable housing. Its noteworthy developments consist of MAGEYE Townhouses, MAG 5 Dubai South, MBL Residence and others.
In 2007, it won the 18th rank award among Top 40 Unlisted Real Estate Companies. And its CEO was declared one of the youngest influential CEOs of the year.
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