Ever since the inception of new developers and new real estate companies, Dubai’s infrastructure and its real estate market have been appreciating a higher growth in income. The collective project value launched by these new companies is AED 50 billion from 2020 to 2024.
This huge contribution is no different from the top real estate companies in Dubai, the new developers are making significant contributions just like the existing real estate firms. Recent report from the Dubai Land Department shows, new developers have captured approximately 25% of the new project launches from 2020.
One of the new developers is Samana Developers founded in 2016, who provided the 1% monthly payment plan model which was followed by most in this sector. This plan landed them 93% of sales of their total units just within the first month of the launch. Understand business magnitudes like this and make the right decisions with our real estate growth platform, and watch the strategies workout just right for your business.
List of new real estate developers in Dubai
Here is a list of the new developers in Dubai with a few other insights about them.
| # | Company Name | Website | Established Year | Full Address | Key Projects |
|---|---|---|---|---|---|
| 1 | Meteora Developers | meteoradevelopers.com | 2022 | Sheikh Zayed Road, Dubai | Alta, The East Crest |
| 2 | Pure Gold Living | puregoldliving.com | 2020 | 39th Floor, HDS Business Centre, Cluster M, Jumeirah Lake Towers, Dubai | PG ONE |
| 3 | Meraki Developers | merakidevelopers.com | 2018 | Sobha Sapphire, Business Bay, Dubai | The Haven, Meraki Genesis |
| 4 | Arada | arada.com | 2017 | Festival Tower, Dubai Festival City, Dubai | Aljada |
| 5 | Green Yard Properties | greenyard.ae | 2016 | The Opus by Omniyat, Business Bay, Dubai | Joya Dorado, Joya Blanca |
| 6 | SAMANA Developers | samanadevelopers.com | 2015 | Bay Square, Business Bay, Dubai | SAMANA Resorts, SAMANA Rome |
| 7 | Danube Properties | danubeproperties.com | 2014 | Danube Business Park, Dubai | Glitz Residence |
| 8 | Ellington Properties | ellingtonproperties.ae | 2014 | Burlington Tower, Business Bay, Dubai | Belgravia, Wilton Terraces |
| 9 | Nshama | nshama.ae | 2014 | Jenna Apartments, Town Square, Al Qudra Road, Dubai | Town Square |
| 10 | Reportage Properties | reportageuae.com | 2014 | Anantara Downtown Business Tower, Al Marasi Drive, Business Bay, Dubai | Rukan Lofts, Alexis Tower |
An overview of the top 5 new real estate developers in Dubai
Meteora Developers
Website: meteoradevelopers.com
Headquarters: Sheikh Zayed Road, Dubai
Established Year: 2022
Key Person: Praveen Sharma, CEO & Founder
Core Services: Residential property development
Awards: Won ‘Ultimate Realty Awards 2024’ for best customer service in real estate
Pure Gold Living
Website: puregoldliving.com
Headquarters: Jumeirah Lake Towers, Dubai
Established Year: 2020
Key Person: Karim Merchant, Managing Director & CEO
Core Services: Residential property development
Awards: N/A
Meraki Developers
Website: merakidevelopers.com
Headquarters: Business Bay, Dubai
Established Year: 2018
Key Person: Bernard J. West & Rohan Bhaskar, Managing Director
Core Services: Residential property development
Awards: N/A
Arada
Website: arada.com
Headquarters: Al Suyoh, Sharjah
Established Year: 2017
Key Person: HH Sheikh Sultan bin Ahmed Al Qasimi, Chairman
Core Services: Property development, retail, education, and hospitality
Awards: Won 'Best Luxury Real Estate Developer' at Construction Innovation Awards 2024
Green Yard Properties
Website: greenyard.ae
Headquarters: Business Bay, Dubai
Established Year: 2016
Key Person: Mahmoud Awad, CEO
Core Services: Residential property development
Awards: N/A
Key factors that helped new developers grow in Dubai’s real estate market
Market access and financial
New developers like Danube and Samana offer flexible payment plans, which have led to increased sales. Other factors supporting property sales include bank partnerships and attractive mortgage rates. One beneficial policy that targets audiences from various segments is lower initial deposits (starting from 10%). Post-payment schemes, REIT opportunities, and crowdfunding further help boost property sales and demand.
Strategic development locations
One of the supporting factors is the development projects in major areas like MBR City, JVC and Dubai South. The integration of the development plans with Dubai metro expansion plans serves each other providing a mutual upscaling and development of projects along growth corridors increases accessibility to places like markets, hospitals, etc. And these development structures are built with concentrating on the accessibility to future projects.
Economic factors
The attractive ROI rating from 6-8% on rental yields, which is comparatively higher than other countries attract foreign investors. Economic factors play a huge part in the real estate sector, benefiting both developers and buyers. Those are capital appreciation potential, economic diversifying initiatives, growth of tourism and the tax-free environment in Dubai. These conditions favor the developers, investors and end users of the market.
Competitive advantages
New developers provide competitive and lower pricing than the established developers in the Dubai market, and they bring new and innovative ideas to develop projects. Faster delivery timelines, and customer centric approach works out well for these new developers. And their strategic niche marketing methods target the right audience and convert them into valuable sales. Manage different lists and target audience from every segment with Retyn’s real estate CRM platform right positioning of your properties helps achieving the right audience.
Market confidence boosters
Guaranteed project completion encourages investors to enter the market with confidence. Quality control measures ensure the proper and well-sustained delivery of projects. Customer-centric policies and transparent documentation further encourage customers and investors to participate in this platform.
New real estate developers prove innovation and growth in real estate
Real estate market analysis shows new developers projected excellence especially in mid-luxury segments with average property prices ranging from AED 800-1200 per square foot. These methods help them capture end-users of the market like young working professionals and small families.
SRG Holding and Ellington Properties have incorporated green building standards in their projects with 80% of their projects being LEED certified properties. Properties focuses on sustainability has resonated with buyers and projected 35% premium in sales for their environment friendly properties. With the above information it's obvious that new developers provide innovation, sustainability and growth within the market. Also, slowly adapting the modern methods eliminating traditional ones in the sector.
Disclaimer: Retyn does not promote or support any of the companies or services mentioned in the list. The data presented is compiled through online and market research and does not reflect our priorities in any manner.