Page 324 - SOBHA REALTY PR REPORT - JULY 2024

Etihad Railway also seem to have bolstered buyers’ interest in nearby areas. Similarly, the launch of
new off-plan projects, availability of ready projects, provision of top-notch amenities, and overall
investor convenience have all positively impacted Dubai’s real estate market. All these factors have
led to a surge in searches for both luxury and affordable properties across popular areas, reflecting
consistent growth month after month.

Another real estate company announced the achievement of the Dh20 billion sales mark recently.
Unique Properties, a Dubai-base property broker, said its total sales value reached Dh20 billion in
recent times. There are hundreds of brokers whose property sales exceeded Dh1 billion.

With the UAE’s economy projected to grow by 5.7 per cent, driven by international investments and
buyers, the region is set to attract even more global attention. According to Knight Frank, the sale of
homes priced above US$10 million increased by 19 per cent in the first quarter of the year,
underscoring its appeal as a destination for affluent buyers and tenants. The investor-friendly
environment, freehold areas, and iconic architecture draw high-net-worth individuals seeking an
opulent lifestyle. The emirate’s status as a premier tourist destination fuels their desire for
residential options that reflect upscale hotels, complete with pools, spas, and concierge services,
according to Sean McCauley, CEO of Devmark.

“In Dubai, we’ve noticed a considerable surge in properties that offer extensive amenities, aligning
with global trends. Developers of both branded and non-branded residences continually innovate
to distinguish themselves through unique offerings, resulting in a series of developments with
distinctive amenities,” McCauley says.

Navas Khan, chairman of Marquis Developers, emphasised the company’s commitment to crafting
spacious, family-oriented residences that promise both a comfortable living environment and
lucrative investment opportunities and trust is the cornerstone of our business, and timely delivery
of superior homes is instrumental in fostering customer confidence. Our track record over the past
eight years speaks volumes about our dedication to quality and customer satisfaction.

Operating as a Shariah-compliant and debt-free enterprise enables Marquis Developers to
maintain a steadfast focus on delivering excellence without the constraints of interest rates or
financial burdens. Marquis Signature stands out as a luxury development that exceeds
expectations, not only in terms of amenities but also in creating an enriching family-centric
lifestyle.

With a strategic location in Arjan, Marquis Signature offered a favorable 60:40 payment plan,
alleviating the financial strain on buyers by allowing 60 per cent payment during construction and
the remaining 40 per cent upon handover. Mezuk Mohamad highlighted the company’s ability to
attract buyers and brokers without extensive marketing efforts, attributing it to the alignment of
their properties with the needs and preferences of potential residents.
“Our successful delivery of the Marquis 2020 project amid the challenges of the COVID-19
pandemic showcased our resilience and earned us industry recognition,” he added.

https://www.khaleejtimes.com/business/realty/property-developers-sharpen-focus-on-deliveries-
as-market-stabilises