Top UAE Real Estate Developers
Real estate developers play a vital role in the evolution of The United Arab Emirates. Needless to say, the market is booming and is always on the rise. Undoubtedly, Dubai developers are known worldwide for attempting complex and sophisticated projects, some of which go beyond what is possible. Building such enormous structures as, for example, Burj Khalifa requires ultimate dedication, inventive business plans, and impeccable organizational skills. Real estate is one of the pillars of modern Dubai’s economy. Let’s explore Dubai’s real estate development companies in detail by reviewing the list of top-rated development companies.
Since it was founded in 1997, Emaar Properties has been playing a prominent role in the United Arab Emirates' real estate sector. Emaar is a major developer in the United Arab Emirates, and its interests extend across all sectors of hospitality, retail, residential, and commercial development. In addition to the United Arab Emirates, it has a presence in many other international markets, such as North Africa and the Middle East.
A Dubai real estate developer has a series of iconic projects in Dubai, such as Burj Khalifa and Dubai Mall, one of the biggest shopping malls in the world. The first established opera house in the United Arab Emirates, Dubai Opera, is owned and operated by Emaar. Furthermore, Emaar designed and developed The Dubai Fountain, a choreographed fountain popular with tourists.
DAMAC Properties was founded in 2002 and has rapidly risen to become one of the largest real estate developers in Dubai. The company was founded by a Saudi businessman, Hussain Sajwani, delivering business and residential projects throughout the Kingdom of Saudi Arabia, Oman, Lebanon, Jordan, and the United Kingdom.
Omniyat has made several steps to become one of the leading property developers in Dubai. The Opus is one of its most important projects. There's an amorphous hole in the center of the unique cubelike structure. In addition, the interior of the Opus is equally impressive. The hotel, serviced apartments, restaurants, and offices are located in the mirrored glass building designed by Zaha Hadid. Other notable projects by Omniyat include The Pad, The Binary, and Bayswater Tower.
Sobha Realty is known for its impressive portfolio of luxury properties and has built a strong reputation for quality. In 1976, the multinational company was set up by a Mumbai businessman, PNC Menon, who had also established an office in Oman, Bahrain, Brunei, and India. It’s a well-known developer in Dubai with some excellent projects in Meydan, including the anticipated Sobha Hartland.
One of Nakheel's major projects in Dubai is a large artificial island called Palm Jumeirah. Given that the artificial archipelago has stretched more than 300 miles along Dubai's coast, its development is an achievement in itself. With hundreds of waterfront resorts, hotels, homes, and other well-known tourist sites, the city's real estate sector has further expanded.
For good reason, Nakheel is one of Dubai's most famous names, often referred to on the list of top real estate developers. Its portfolio consists of real estate investments in the country, including leisure developments, shopping malls, hotels, and commercial and residential projects.
Are you looking for an apartment to buy in Dubai that has a magnificent view of the water? Besides the manmade island, Nakheel has many other interesting residential projects to its name. That is the case with Discovery Gardens, Jebel Ali Village, The Gardens, Nad Al Sheba Villas, and International City. In addition, its portfolio is full of popular retail ventures such as Nakheel Mall, Dragon Mart, Dragon Mart 2, Ibn Battuta Mall, and Golden Mile Galleria.
Meraas is a Dubai-based holding firm that has launched several developments in various sectors, including real estate, financial services, retail, entertainment, healthcare, and hospitality. It was set up in 2007 and has many completed projects, for example, Boxpark, City Walk, Outlet Village, and Beach, to its name, ranking it among the top property developers in Dubai.
Meydan is a leader in real estate development that brings His Highness Sheikh Mohammed Bin Rashid Al Maktoum's vision to life. The impressive Mohammed Bin Rashid City, a number of beautiful villas, is one of the most significant real estate projects of Meydan. In many residential and commercial projects throughout the city, Meydan signature characteristics have been evident, from luxurious family villa apartments in the District 1 area to the stunning lagoon at MBR City.
MAG Property Development
MAG Property Development has been one of the largest real estate developers in Dubai since it started, building a reputation for itself across the Middle East and North Africa. As most property developers in Dubai, it designs and develops residential properties. However, affordable housing is also included in its projects. An example is MAG 5 Boulevard, a low-cost residential community in Dubai South.
Some other notable real estate developers in The United Arab Emirates with lesser-known projects are:
- Object 1
- Select Group
- Reportage Properties
- Binghatti Developers
- Azizi Developments
- Danube Properties
- Ellington Properties
- Bloom Properties
- Tiger Group
All in all, we have covered the leading developers of The United Arab Emirates. You can find more information about each of them on our site. Also, don’t forget to browse through their projects, which you can also find on our site. The UAE development companies work on the fringe of what is possible to achieve in design and architecture. That means that Dubai’s real estate is always in high demand, since it stands out with unique features and grand scale, attracting investors from all over the world. In fact, Dubai's real estate market provides about 7% of GDP, making it 5th on the list of most lucrative industries