Top 10 Real Estate Companies in Al Karama, Dubai

The experts in property matchmaking

Published on 27 January 2025

Nithin CS
Nithin CS

Real Estate Market Analyst

Top 10 Real Estate Companies in Al Karama, Dubai

The experts in property matchmaking

Nithin CS
Nithin CS

Real Estate Market Analyst

Published on 27 January 2025

Al Karama in Dubai is full of life with its residential and commercial spaces. The diverse culture, strategic location and the vibrant real estate market make this the place to visit in Dubai. Al Karama also has modern apartments, and retail spaces to go well with its traditional charm. Let's understand more about the top 10 real estate companies in Al Karama in this blog.

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List of the top 10 real estate companies in Al Karama, Dubai

Here is the list of the top 10 real estate companies in Al Karama with unmatched expertise.

# Company Name Website Established Year Full Address Key Projects

Key projects by top real estate companies in Al Karama, Dubai

Company Name Key Projects
DAMAC Properties - DAMAC Hills
- Akoya Oxygen
- AYKON City
- DAMAC Towers by Paramount
Emaar Properties - Burj Khalifa
- The Dubai Mall
- Dubai Creek Harbour
- Arabian Ranches
Azizi Developments - Riviera
- Creek Views
- Azizi Victoria
Sobha Realty - Sobha Hartland
- Sobha Creek Vistas
Meraas - City Walk
- Bluewaters Island
Binghatti Developers - Binghatti Avenue
- Binghatti Crest
Ellington Properties - Belgravia Heights
- Wilton Terraces
Omniyat - The Opus
- The Lana
Dubai Properties - Jumeirah Beach Residences (JBR)
- Mudon Dubai
- DubaiLand
- Business Bay
Danube Properties - Pearlz
- Jewelz
- Wavez

An overview of the top 5 real estate companies in Al Karama, Dubai

DAMAC Properties

Website: damacproperties.com

Headquarters: Damac Hills, Dubai

Established Year: 2002

Key Person: Hussain Sajwani, Founder

Core Services: Residential, commercial & leisure properties development

Achievements: Won two awards at IRECMS 2023

Emaar Properties

Website: emaar.com

Headquarters: Dubai Hills Estate

Established Year: 1997

Key Person: Mohamed Ali Alabbar, Founder

Core Services: Residential, commercial, shopping malls & leisure properties development

Achievements: Won ‘Developer of the Year’ at the Arabian Business Achievement Awards 2024

Azizi Developments

Website: azizidevelopments.com

Headquarters: Sheikh Zayed Road, Dubai

Established Year: 2007

Key Person: Mirwais Azizi, Founder

Core Services: Residential & commercial property development

Achievements: Won ‘Developer of the Year’ award at the Smart Built Environment Awards

Sobha Realty

Website: sobharealty.com

Headquarters: Business Bay, Dubai

Established Year: 1976

Key Person: PNC Menon, Founder

Core Services: Commercial and residential property development

Achievements: Ranked 9th in the “Top 50 GCC Developers Rankings” by the Construction Week 2017

Meraas

Website: meraas.com

Headquarters: Al Sufouh 2, Dubai

Established Year: 2007

Key Person: HH Sheikh Ahmed bin Saeed Al Maktoum, Chairman

Core Services: Luxury residential developments

Achievements: N/A

Reasons that make Al Karama special

Transformations and growth have recharged the real estate market in Al Karama, Dubai. According to the latest studies, Dubai's real estate sector is showing great signs of growth with it being the major contributor to the GDP of the UAE that has high growth predictions. Reports of the UAE Central Bank also validate this statement. Property prices also increased in 2024 with residential units marching ahead in numbers and transactions. Over forty thousand transactions were recorded in the first half of 2024 in this segment making it one of the most demandable property types in Al Karama where strategic location works in favor of the place along with the ongoing urbanization projects. Al Karama is also a place where new housing units will be supplied in big numbers between 2025 and 2026. Over one lakh eighty thousand residential units of all types from luxurious to mid-range are ready for launch during this period. This will help to maintain the balance between demand and supply.

Why Al Karama is a real estate hotspot

The government also facilitates an easy arrival for foreign investors with favorable policies. This will also highly benefit Dubai's status as a premium real estate destination. Both residents and investors will choose Al Karama any day because of its focus on sustainable development and community living. The place has a big potential to become a major player in the real estate roadmap of Dubai. Al Karama has high growth chances especially in 2025 when the real estate sector is one of the main contributors to the growing GDP of the UAE. The economic stability supports foreign investments with investors gaining confidence. The demand for properties will also increase in Al Karama which is strategically located in Dubai. Dubai's population is growing and will nearly reach 6 million by 2040. Professionals seeking job opportunities come here because of the rich job market. This also takes the demand for residential properties to a new level giving the real estate market a tight schedule ahead. Top 100 real estate companies in Dubai will be ready for this challenge like always.

The UAE government with favorable policies has made it clear of its investor-friendly approach. Long-term residency visas and 100 percent foreign ownership in several sectors are some of the main among them. This makes the route easier for international investors and buyers who prefer areas like Al Karama for their long-term goals. Infrastructure projects are supporting the growth of the real estate sector in Al Karama. The place will be brightened with the Dubai Urban Master Plan which focuses on improving the living standards here so that potential buyers will be richly satisfied with the facilities. There will be no problem with the supply of residential units during 2025-2026 here as more units will be launched soon to satisfy all kinds of demands from buyers.

Conclusion

Al Karama's real estate market is well-positioned for stable growth. The top real estate companies with their skills and determination will always remain the strong pillars of the sector here.

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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.