UAE-based Aqua Properties plans to launch two projects valued at AED3 billion in response to high demand for off-plan units in Dubai.
The projects include a 50-plus storey tower on Sheikh Zayed Road and another on a 300,000 sqft site in Arjan, the largest land parcel in the area. Aqua Properties aims to deliver over 500 residential and commercial units in Q1 2024.
Founder Ali Tumbi highlights Dubai’s robust real estate market dynamics, with the city recording 116,116 new property transactions worth approximately Dh430 billion in the first nine months of 2023.
