Property Developers in Dubai
Property developers in Dubai are more than just real estate developers. In many cases, they are massive brands so well known, they have become household names.
What Dubai has managed to become in the last twenty or so years is simply astonishing. There are many factors that have made this possible but one thing is for sure, none of it could have been done without Dubai’s property developers. Property development companies have played a huge role in building not only Dubai’s iconic tall towers but also its residential communities and tourist destinations.
There are currently over 100 active property developers in Dubai. Some are small family-run businesses whilst others are multi-national companies with projects all over the world. To keep things simple we are going to look at some of the more prominent developers active today.
Top Developers in Dubai
EMMAR Properties
Emaar Properties is one of the leading property developers in the UAE. Established in 1997 to contribute to the construction sector in the country, the company mainly focuses on the development of luxury properties worldwide. Over the years, Emaar has built a number of residential, commercial and hospitality projects. Despite its international presence, the main location of activity is still the United Arab Emirates, more specifically Dubai and Abu Dhabi. Emaar Properties is listed on the Dubai Financial Market as a Public Joint Stock Company. The company has its headquarters in Dubai.
Octa Properties
OCTA Properties is a prominent real estate developer known for its dedication to excellence. Established with the goal of redefining living spaces, the company specializes in creating premium residential, commercial, and lifestyle projects worldwide. While OCTA Properties has a growing international footprint, its primary focus remains on delivering high-quality developments in its home market. Committed to innovation, sustainability, and community impact, OCTA Properties continues to set new benchmarks in the real estate industry.
Damac Properties
The DAMAC Properties developer has been leading the construction of significant real estate developments in the Middle East for almost 20 years. The company forms the premium property market and builds shopping and recreational centers in the UAE, Jordan, Saudi Arabia, Qatar, Turkey, Lebanon and the UK. As of June 30, 2021, DAMAC Properties has completed more than 35,000 projects, with another 30,000 projects under construction underway today.
Sobha reality
Sobha Developers Ltd is a young development company founded in 2012. It is a subsidiary of the large Indian holding company, Sobha Developers, which has been operating since 1976. Sobha Developers is a large multinational holding company that is engaged in construction activities in many countries in the world such as India, China, Oman, Tanzania, Bahrain, and the UAE etc.
Nakheel properties
Nakheel is a sought-after developer in Dubai. They build various types of facilities – shopping centers, houses, villas, apartments, townhouses and others. The key features are comfort, safety, and architectural attractiveness.
Nakheel is one of the largest developers in Dubai. Their most famous projects are Palm Deira, Palm Jebel Ali, Palm Jumeirah, and the artificial archipelago Dubai World. The company has built many residential areas in Dubai, including Jumeirah Lake Towers, The Gardens, International City, and Jumeirah Island. The firm’s portfolio also includes the Ibn Battuta Mall shopping area and the famous Dragon Mart.
Meraas properties
Meeras is a private holding company headquartered in Dubai that is dedicated to projects and real estate development. Meraas, which has existed since 2007, has been part of Dubai Holding from 2020. The move was made in accordance with the Dubai ruler Sheikh Mohammed bin Rashid Al Maktoum, where the idea was to combine services, diversify the economy of Dubai and maximize its influence on the global market.
Nowadays Meraas Holding is one of the most well-known companies specializing in real estate in the Emirate. The Chairman of Meraas is Sheikh Ahmed bin Saeed Al Maktoum, one of the most remarkable individuals in Dubai. The company provides Dubai’s development with various projects in real estate, hospitality, leisure, food as well as other spheres. Meraas creates innovative projects in Dubai which are distinguished with a mix of Arabic and European styles.
Meraas has an immersive portfolio as the company has projects in exclusive areas such as Jumeirah Bay, Bluewaters Island and Dubailand. Among other successfully implemented projects are City Walk, The Beach, La Mer, the Outlet Village and much more. Meraas uses innovative technologies to make the lives of Dubai residents better.
Ellington properties
Ellington Properties is a well-known, prestigious developer in Dubai that specialises in building luxury properties and apartments. Their trademark is creating unique and memorable architectural designs which has won them 4 awards in the best interior design and the best architectural design categories at the 2018 Arabian Property Awards.
The majority of Ellington Properties’ buildings are located within the new Rashid City (MBR City) district, which is named after Mohammed bin Rashid Al Maktoum, Prime Minister and Vice President of the United Arab Emirates.
The company’s most significant accolade was winning the title of ‘best luxury project’ for the construction of Eaton Place Hotel in 2019. Currently, the developer’s latest project is Wilton Park Residence, which is a vast residential development adorned with natural greenery in the heart of MBR City.
Tiger Group properties
Tiger Group is a property development company that was founded in 1976. Since then, the company has been actively expanding its operations, and today, it has more than 10 companies in the UAE. One of those companies is Tiger Industries, which supplies construction materials for real estate projects. The company also has its own manufacturing company, which guarantees high-quality materials and ensures expert logistical services for supplying raw materials. In addition to design and construction, the organisation has excelled in facility management, hospitality, manufacturing, education, and healthcare.
Omniyat properties
Omniyat is a development company in Dubai. Since 2005 it has established itself as a reliable developer. Omniyat specializes in the construction of residential complexes and commercial real estate.
The founder of the firm is Mahdi K.M.J. Amjad. At the time of Omniyat’s creation, he owned a large holding company specializing in IT development. This gave a quick start to the establishment of the developer, as it provided a strong source of investment from the beginning of its operations.
Palma Holdings properties
Palma Holding is a developer specializing in the construction of luxury real estate. The company was founded back in 1998 and is among the oldest and most respected developers in Dubai.
The co-founder and director of Palma Holding Properties is Kareem Derbas. Mr. Rauf Derbas is the other main co-founder.
The company is actively involved in charitable activities in the field of medicine and education. Financing the construction of schools in Lebanon, organizing blood drives, charity marathons and the distribution of gifts during Ramadan are some of their charitable initiatives.
The developer has completed many innovative and successful projects. For example, Silverene Towers in Dubai Marina and Infinity Cayan Tower, these projects bring in multimillion-dollar profits every year.
In 2018, Palma Holding realized its aspiration to build Serenia Residences. It is a premium residential complex in Palm Jumeirah. It contains apartments with 1-3 bedrooms and penthouses. Property prices start from AED 1,750,000.
IFA hotels & resorts properties
IFA Hotels & Resorts is an international company leading the development and sale of luxury hotels and resort properties in Europe, India, Africa and the Middle East. It was founded in 1974. The head office of the developer is located in Kuwait. Work on the company’s major projects is conducted in such major cities as Dubai and London.
The company is managed by Talal Jassim Al Bahar. He led it through a listing on the Kuwait Stock Exchange in January 2006. Under his leadership, the firm has tripled in size and now covers North America, Asia, Europe and Africa.
IFA hotels & resorts properties
Tebyan Properties is one of the most reliable and well-known private developers in the UAE. The company implements modern and innovative projects that amaze the imagination and surprise with their architectural and design solutions. The company has been active in the Dubai real estate market since 2000. In addition to real estate, the company’s portfolio also includes, hotel businesses, projects, retail and shopping mall developments.
The firm is managed by professionals with a broad range of competencies. At the helm is Abdulhamid Abdullah Al Zamil. The company’s board members are reputable businessmen, for example the chairman of investment companies, owners of jewelry businesses, etc.