Top 5 Property Developers in UAE

Do you wish to develop your property in UAE but don’t know where to start? Don’t worry; we got you. Seeing the beautiful skyscrapers, apartments, Villas, and townhouses of the UAE might have developed a dream in you of having your property in this place. Well, here we will take you a step closer to this dream. This article will discuss the top five property developers in UAE that will help you create your dream property. Starting with,

1. Emaar Properties: 

Founded in the year 1997, Emaar Properties rightfully holds the top spot. It is one of the largest real estate developers not only in the UAE but also in the Middle East, North Africa, and Asia. They are known for their expertise and perfection in property building projects, including home, office, retail, and leisure categories.

Some worthy mentions of the large-scale projects created by Emaar properties include the world-famous Burj Khalifa (which is the tallest building in the world located in Dubai) and The Dubai Mall (the second largest mall in the world). Emaar properties are known for creating benchmarks in structural and architectural excellence. 

One of its significant projects under construction is the Dubai Opera, which is also regarded as Dubai’s new cultural icon in the making. This construction project will become the world’s largest cultural center in four years.

2. Damac Properties:

DAMAC Properties was established in the year 2002. DAMAC stands for  Distributed Active Mirror Amplifier Chain. They are known widely around UAE for their Luxury real estate construction projects. The construction company operates globally, providing commercial, residential, and leisure properties. Apart from UAE, it has a presence in Saudi Arabia, Jordan, Qatar, Iran, Lebanon, Oman, Maldives, the United Kingdom, and the United States.

This company was the pioneer in launching the world’s first Bugatti-styled Villas in Dubai. The current major project of the Damac construction company includes Akoya Oxygen, a lavish luxury lifestyle occupying an area of 55 million square ft. The project involves building high-rises, fashion residences, branded pads, and other commercial developments.

3. Nakheel:

Nakheel PJSC was founded in 2003 and is based in UAE and comes under top five property developers in UAE. This company is a private state-owned enterprise and Dubai World subsidiary. Additionally, In terms of market capture in Dubai, Nakheel Properties comes in the second position, after Emaar Properties.

The Nakheel Properties are the developers of the world-renowned Palm Islands of Dubai. Nakheel is of the vision of transforming Palm Island into a walkable beach having parks, retail, cafe complexes, etc. The current project will stretch across the main trunk of the island, about 1.5 km. It is expected to feature Palm West Beach, dining, retail, and a few other entertainment facilities. The Palm Jumeirah will connect all the elements.

4. Meraas Development:

Meraas is a privately held company with its headquarters in Dubai, providing operations and assets in the UAE. This property development company was founded in the year 2007 and is considered as one of top five property developers in UAE. From the time of its establishment till now, it has worked on several projects in multiple sectors, including real estate, retail, hospitality, food and beverage, leisure and entertainment, and healthcare infrastructures. 

The firm is the architect of some exceptional development projects and properties. One of its excellent works includes the Bluewaters, which features retail, hospitality, residential, and entertainment zones. The property also has a 210-meter Ferris wheel, which offers a magnificent view of the exotic coastline of Dubai and its iconic landmarks like Burj Khalifa, Palm Islands, etc. Another worthy mention is Bulgaria Resorts and Residences, which is a kind of development project comprising 100 rooms in the main hotel buildings, 20 hotel villas, and a full range of luxury hotel facilities.

5. Aldar Properties:

It is counted among the top five property developers in UAE, with its headquarters in Abu Dhabi. This real estate development company was founded in the year 2004. Apart from being a real estate development company, it also works as a management and investment company. The services provided by this company include property development, property management, property acquisition, and asset management of real estate properties.

Some of its major praise-worthy projects include Al Raha Beach, Al Raha Gardens, and the famous Yas Island.

FAQ:

Q. Is it good to invest in property in Dubai?

Ans. Dubai gives you high-yielding rents, assured ROI, and a high-end lifestyle to lead. Investors do not miss a chance of buying off-plan properties because they know it will ensure their financial growth.

Q. Is Nakheel Properties a good developer?

Ans. Undoubtedly, Nakheel Properties is a good developer in Dubai. It stands at the second position just after Emaar. Hence, if you’re buying a Nakheel property, it is going to be a great decision.

Q. What is the best real estate builder in Dubai?

Ans. Dubai has outstanding real estate property builders such as;

• Emaar Properties
• Nakheel
• Damac Properties
• Aldar Properties
• Meraas Development