AQUA Properties Unveils AED 3 Billion Project Lineup, Targeting 500 Units by Q1 2024 in Dubai’s Thriving Real Estate Market

ANI |

Dec 06, 2023 05:22 PM IST

Dubai [UAE], December 6: AQUA Properties, a premier real estate firm in the UAE, is set to launch two groundbreaking projects in the next six months with a combined valuation of AED 3 billion, its Founder Ali Tumbi has announced.

ATK

HT Image
HT Image

Dubai [UAE], December 6: AQUA Properties, a premier real estate firm in the UAE, is set to launch two groundbreaking projects in the next six months with a combined valuation of AED 3 billion, its Founder Ali Tumbi has announced.

Stay tuned with breaking news on HT Channel on Facebook. Join Now

Known for its comprehensive development approach, AQUA Properties specializes in delivering high-caliber residential and commercial properties tailored to meet clients’ expectations in quality finishes, smart home features, and prime locations.

“Currently overseeing three ongoing projects with two more in the pipeline, including upscale apartments and strategically located mixed-use developments, AQUA Properties stands at the forefront of innovative real estate solutions,” Tumbi said.

Among the upcoming projects is a distinguished more than 50-storey luxury tower on Sheikh Zayed Road and a sprawling 300,000 sq.ft. plot, marking the largest land parcel in the Arjan area. Having successfully completed four residential and commercial projects in the UAE, AQUA Properties offers high-quality living spaces and attractive investment opportunities.

Tumbi affirmed the company’s ambitious goal to deliver over 500 residential and commercial units in the first quarter of 2024. Noteworthy completed projects include J5, J8, O Ten, and Mysk, contributing to positive client responses, high occupancy rates in completed projects, and robust investor interest in ongoing developments.

“AQUA Properties aims to provide clients with exceptional real estate solutions, leveraging our expertise and extensive network to offer a wide range of property solutions and investment opportunities,” stated Tumbi.

This year, AQUA Properties achieved a historic milestone by acquiring the largest piece of land in Arjan, spanning an impressive 300,000 sq.ft., surpassing any previous land purchases in neighbouring communities to-date.

UAE realty market and outlook

Reflecting on the UAE realty market, Tumbi emphasized its consistent robustness, driven by investor confidence in developing infrastructure and the attraction of new developers amid global increases in interest rates. Dubai’s distinctive market dynamics, influenced by cash transactions, continue to position it as a preferred destination for real estate investments, he added.

According to recent data from the Dubai Land Department, Dubai recorded 116,116 new property transactions worth approximately Dh430 billion, or $117 billion, in the first nine months of 2023. The real estate sector registered significant growth, with transactions surging by 33.8% annually and values rising by over 36.7% during the period.

In closing, Tumbi remarked, “This significant development sends a powerful message to international investors who are eager to safeguard their wealth by investing in real estate, which is increasingly recognized as the new global currency.”

Established in 2005, AQUA Properties FZ LLC has emerged as a leading real estate firm in the UAE. Committed to excellence and customer satisfaction, the company transitioned into a full-service development entity in 2010, offering a diverse range of residential and commercial properties designed to meet clients’ needs. AQUA Properties provides comprehensive property services, including marketing, brokerage, leasing, property management, project planning and development, contracting, and homeowner’s association management.

(ADVERTORIAL DISCLAIMER: The above press release has been provided by ATK. ANI will not be responsible in any way for the content of the same)

Sign up to receive the best Underground art & real estate news in your inbox everyday.

We don’t spam! Read our privacy policy for more info.

This post was originally published on this site