- Prices for luxury properties in Abu Dhabi surged by around 13% in 2022
- Unique Properties will facilitate transactions for Eagle Hills’ $3.5 billion mega-project
Dubai, UAE: Unique Properties, one of Dubai’s leading real estate agencies, has observed an increase in demand for waterfront properties in the UAE. This global trend accelerated during the COVID-19 pandemic as high-net-worth (HNW) investors began flocking overseas to quarantine in more desirable climates. Interest in such developments in the UAE’s prime real estate market has steadily maintained and projects that have been in planning are now officially launching, or are about to soon.
While Dubai witnessed a price appreciation of 44% in its prime market in 2022, Abu Dhabi saw the most significant price increases with demand for waterfront homes fueling this growth; prices for luxury properties have reported surges of up to 13% for both apartments and villas in the UAE’s capital. Saadiyat Island was a notable standout performer as its average price per square foot for villas increased by 12.7% while apartments in this area also appreciated by 13.7%. This growing demand for waterfront properties has placed the country, and its capital Abu Dhabi in particular, on a solid growth trajectory.
Earlier this month, a $3.5 billion mega-project was announced to meet the growing demand for waterfront properties; Rahman Islands was announced by Emaar’s founder and Americana Chairman, Mohamad Alabbar, and will be developed through his privately owned Eagle Hills development company. The first villas are anticipated to be delivered by 2027 and will comprise 1,800 beach villas, 1,000 branded residences, a hotel and a marina. Another notable project that was recently announced is Zuha Island Dubai called Zaya is being developed by the same developer of Nurai Island in Abu Dhabi. Both projects will contribute to maintaining the UAE’s position in the prime real estate market as a global outlier.
Arash Jalili, Founder and Chief Executive Officer of Unique Properties, UAE HQ, commented: “The UAE is synonymous with world-class and luxurious offerings, which has resulted in many of our international clients seeking out waterfront homes in exclusive locations. Our close collaboration with the country’s leading developers who are building enviable island and beachfront destinations has enabled us to successfully facilitate countless transactions for our esteemed clientele. The most recent projects that have been announced only reinforce the UAE’s leading position as the foremost real estate hub and we are eager to continue bolstering the country’s landscape.”
Unique Properties is set to facilitate transactions for Rahman Island as sales are set to launch shortly. The full-service award-winning agency’s extensive market knowledge has steered several transactions for high ticket properties at AED 30 million and above across Dubai’s residential off-plan segment; Unique Properties also facilitates resale property, sales and commercial, and rental transactions with its well-experienced international expert teams.
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About Unique Properties:
Established in 2008, Unique Properties, one of Dubai’s leading real estate agencies is headquartered in Dubai, UAE. As a multi-award-winning real estate company, it is one of the most reputable in the region. Founded by Arash Jalili, Unique Properties offers a range of services, including a consortium of premium hand-picked, off-plan projects and ready properties for sale and leasing. In 2021, Unique Properties contributed 4.5% to Dubai's total “off-plan” sales volume and around 1% to its overall real estate economy, which recorded transactions worth $ 82 billion (AED 300 billion). Through its multilingual and experienced consultants, Unique Properties provides reliable and exceptionally tailored real estate investment solutions to clients. Learn more about Unique Properties at https://www.uniqueproperties.ae/en/
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E-mail: uniqueproperties@atteline.com
