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UAE Properties on High Demand as of October 2024

The UAE property market continues to experience a surge in demand, reflecting the nation’s growing appeal to both investors and homebuyers. With key cities like Dubai and Abu Dhabi leading the charge, as well as Umm Al Quwain, making a bold debut. From luxury residences to high-yielding investment properties, the demand spans various sectors, driven by a mix of local and international buyers seeking to capitalize on the country’s thriving economy and prime real estate opportunities. 

The Highgrove, Ellington’s latest project in MBR City, introduces a refined urban lifestyle where breathtaking views of the Dubai skyline and the tranquil lagoon seamlessly blend. This thoughtfully designed development offers a selection of 1, 2, and 3-bedroom apartments, penthouses, duplexes, and a sky villa, each crafted to provide spacious, serene living spaces. Residents can find solace in peaceful corners or connect with others in vibrant communal areas, all while enjoying unmatched amenities. These include a pool deck, a clubhouse, a kids’ club, a fitness and yoga studio, and a wellness spa, offering a holistic living experience that elevates daily life.
 
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The appeal for this development stems notably from its location. MBR City is a mixed-use development surrounded by crystal lagoons and over 65% of the community is dedicated to green spaces. At least 6000 residents live in MBR City, with expectations for the number to double in the upcoming years once all developments are completed, this allows for room for high capital appreciation rates in the future. 

Unit Type: 1 – 3 bedroom apartments, 3 bedroom penthouses and sky villas
Payment Plan:
70/30 with 20% down payment 
Handover:
Q4 2027
Starting Price: TBC

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Siniya Island is capturing the market’s interest. This  unique destination showcases the rich history, culture, and natural beauty of Umm Al Quwain. Spanning nearly 10 km, the island is home to seagulls, flamingos, Avicennia plants, and diverse desert flora, making it a significant regional attraction. Sobha Realty is transforming Siniya Island into a premier waterfront development, marking a new era for Umm Al Quwain’s real estate scene. Covering 16 million square feet, the project blends luxury living with environmental preservation, dedicating 46% of its area to serene, eco-friendly green spaces.

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This ecological haven offers a rare combination of luxury and nature, with Siniya’s strategic location providing easy access to nearby emirates—just 15 minutes from Marjan Island and an hour’s drive from Dubai. Plans for water taxi services and additional road links will further enhance connectivity to the island. Sobha Realty’s master development includes a diverse range of properties, from ultra-luxury seafront villas to modern apartments, appealing to a broad spectrum of buyers.

 

Unit Type: 1 – 3 bedroom apartments, 4 – 5 bedroom villas
Payment Plan:
60/40 with 10% down payment 
Handover:
Q4 2027
Starting Price:
AED 1,100,000 

3. Damac Islands, Dubai

Damac Islands is an upcoming residential community in Dubailand developed by Damac Properties, covering over 30 million sq. ft. The neighborhood will feature 4-5 bedroom townhouses and 5-7 bedroom villas. This development is situated next to its sister community, Damac Sun City, providing a water-centric lifestyle that immerses residents in coastal living. Residents will enjoy island-inspired amenities such as Aqua Dome & Park, Hot Spring Spa, Jungle River, and options for kayaking and paddle boarding, alongside unique facilities like Iguanas Park, a fruit market, and a zipline. 
 
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The appeal to this development stems from various factors. For instance, its prime location is located within close proximity to the upcoming Al Maktoum International Airport, contributing to future property value growth. It is also surrounded by different, developed communities, such as Cherrywoods and Town Square, which have witnessed substantial capital appreciation that exceeded 17% year-on-year. 

 

Unit Type: 4 – 5 bedroom townhouses, 5 – 7 villas
Payment Plan:
TBC
Handover:
TBC
Starting Price: AED 2,250,000

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4. Gardenia Bay, Abu Dhabi

Gardenia Bay is Aldar’s latest residential development on Yas Island, offering studios to three-bedroom apartments that embody serene canal-side living. It is conveniently located near Yas Park and attractions like Yas Mall, Ferrari World Abu Dhabi, and SeaWorld Abu Dhabi. With a focus on green infrastructure and walkability, the master plan maximizes shade and integrates water features, while a 10 km canal-front promenade fosters a vehicle-minimized environment, creating a peaceful retreat amid nature.

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This development in particular has been gaining popularity among investors and end-users. This fully-inclusive community is home to 23 buildings released through different phases, the latest release of 3 buildings is taking place very soon this month, and for the first time, this release includes both furnished and unfurnished options, gaining the interest of many investors and home owners. 

Unit Type: studios, 1 – 3 bedroom apartments
Payment Plan:
40/60 with 5% down payment 
Handover:
2028
Starting Price:
AED 940,000

5. Berkshire Park, Dubai

Berkshire Park at Town Square Dubai, developed by Nshama, features a premium collection of 1, 2, and 3-bedroom apartments, including 3-bedroom duplexes. This residential project combines aesthetics and functionality, catering to both professionals and families with its contemporary design and luxurious façade characterized by sleek lines and large windows that showcase views of lush green spaces. Residents benefit from easy access to major roadways, a variety of retail and dining options, and a vibrant social scene that includes local festivals, outdoor markets, and entertainment venues.

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After the successful release of its sister complex, Hillcrest, and due to increased demand for developments within the community of Town Square, Nshama is launching their upcoming Berkshire Park development at the same competitive pricing as Hillcrest. This has gained interest among many investors and end-users alike. 

Unit Type: 1 – 3 bedroom apartments, 3 bedroom duplexes
Payment Plan:
50/50 with 10% down payment 
Handover:
Q3 2027
Starting Price:
AED 950,888

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