Dubai is expanding every year. There are regular new areas and residential complexes that attract tourists and expats with unique architecture, developed infrastructure, and comfortable conditions.
An overview of Dubai’s most popular projects, launched in 2022, from trusted emirate developers. Description of residential complexes, their features, cost, and location.
Every year the UAE real estate market becomes more and more attractive for investors and agencies. According to DLD, in May 2022 a total of transactions worth 26.5 billion dirhams (about $70 billion) were concluded. The deals generated over AED240 billion, up 61% from 2021.
The Emirate is taking major strategic steps to diversify its economy, aiming to increase the flow of people, companies, and investments.
DAMAC Properties has been operating in the residential real estate market in Dubai since 2002 as a division of DAMAC Group, a multi-purpose enterprise founded in 1982.
Dubai is a modern and attractive metropolis that appeals to both business and leisure travelers. It is located on the Arabian Peninsula. Only 15% of the population are local residents, the rest are labor migrants. We tell you where it is better to live in Dubai and which areas in 2023 will be the most attractive for people who have arrived in the city for a long time.
In Dubai, the remote conclusion of all transaction stages is legalized. To invest, the client does not need to fly to the UAE.
DAMAC Lagoons is a new area of townhouses and villas. The construction began in late 2021. It occupies over 4 sq. km of the Dubai Golf City area, located south of Sheikh Zayed bin Hamdan Al Nahyan Road, next to the Remraam and Damac Hills communities. The general developer is the private company DAMAC Properties, which has already completed dozens of projects throughout Dubai.
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