PC: Arabian Business
Far across the five islands that make up Dubai Islands, a 17-square-kilometer project containing well over 20 kilometers of white sandy beaches, parks, and world-class golf courses overlooking the Arabian Gulf, the developer has been making strides to maintain its position in a competitive market.
Located across from Downtown Dubai and minutes from sought-after hot spots such as J1 Beach and the Jumeirah Bay Island, this prime location makes Dubai Islands even more lucrative in terms of investment potential. Getting hold of these plots at an early stage offers Innovate Living a head start in benefitting from the expected appreciation in the value of waterfront real estate.
Kareem Fahmy, founder and CEO of Innovate Living, could not hide his excitement at the tremendous prospects the acquisition now offered; Dubai Islands would make for a fabulous place for ultra-luxury waterfront living. All these development plans by what he feels intends to contribute to purposely curated, design-led communities has made it even less irresistible. He added that this being one of those rare opportunities, Dubai Islands offers just the perfect beachside resort ideal for super lavish residential living because of its rare serene beach life fused with premium golfing.
Speaking about the added significant connectivity appeal attached to the completed and ongoing infrastructure projects led by master developers and further extended by the RTA team, which includes the construction of bridges that usher direct access to key places in the town for future residents to enjoy an easy lifestyle, he pointed out it is Innovate Living’s mission to curate homes that create a healthy lifestyle for their residents but certainly have sustainability, exclusiveness, and sophistication in the long run.
In 2024, Dubai’s real estate market will see new highs, with a historical record in transactions amounting to AED 522.5 billion ($142.3 billion), a 36.5 percent growth from the previous year. Appreciable surge in ultra-luxury, as is, prime residential capital value recorded a rise of 6.8 percent in 2024, projecting a potential up to 9.9 percent in 2025.
Dubai Islands could be a prime area of this expansion, being central to the Dubai 2040 Urban Master Plan. The real estate is expected to see a surge in land value growth, which seems to be highly attractive for high-net-worth buyers in search of exclusivity with long-term returns.
