A UAE-based real estate developer plans to launch projects worth ?20,000 crore next year. The developer has already launched projects worth ?10,000 crore and currently has 30 projects in its portfolio, with plans to add 10–15 more projects by next year.
The firm is acquiring ready-to-move-in buildings in Dubai, refurbishing them, and selling them, aiming to address the demand-supply gap in the region.
It has also entered into a collaboration to launch a branded residential development on Al Marjan Island in Ras Al Khaimah, an area undergoing rapid development and positioning itself as a hub for tourism, investment, and luxury real estate. Eight million visitors are expected to visit Ras Al Khaimah annually by 2027, and the focus is on branded residences to bridge the gap in demand and supply.
The region, including Al Marjan Island, is emerging as a major center for new urban development. With strategic infrastructure investments, growing global hospitality interest, and supportive governance, demand for properties in the area has surged, with projected rental yields expected to reach 8–14%, making it an attractive option for investors.
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