When you talk about real estate in general, Dubai is the first place that comes up in everyone’s minds. And this is rightfully so as the region as struggled long and hard to develop such a reputation. One can take a look at just the Burj Khalifa and astonishingly ask who to give credit for this. Furthermore, Dubai is one of the most visited countries in the world with an influx of over 18 million tourists every year. Therefore, it is no surprise that tourism, hospitality and travel is a great factor in the country’s overall income. With some of the top developers undertaking projects in the area, the country’s bound to do more. Looking at it from an investor’s perspective, it is highly lucrative and very reliable as well. Let’s take a look at some of the top developers and their detail so you can buy property in Dubai. Nonetheless, it will be the best idea for investment.
Starting out in 1997, Emaar has now become the world’s largest property company outside China. The brand value of Emaar is now over $2.7 billion. If you’re an investor with substantial capital to spare, Emaar is the most reliable choice. The company was first fully owned by the government until in 2000, they offered it to the public.
Emaar has touched every part of the world and is now working in 36 countries with over 60 companies. Moreover, Emaar has landmark projects in every country. For example, Uptown Cairo, King Abdullah Economic City in Jeddah, Hyderabad International Convention Center and many more. In Dubai alone, some of the chief projects of the company are Dubai Mall, Burj Khalifa, Opera House, Dubai Creek Harbour and the Emaar Beachfront. Furthermore, upcoming projects by the company include Golf Place II Villas, Emerald Hills Plot II, Creek Palace, Burj Crown, Green Square, Beach isle and a lot more. Suffice it to say, Emaar is your go-to for the biggest and the most successful projects.
Damac Properties is another huge name in the real estate industry of Dubai. Established in 2002, it was the first company to make it to the London Stock Exchange. the company has delivered on promises with two of the master developments. These are AKOYA and DAMAC Hills that has a total of 100 million sq. ft. between them. With over 4000 units, they managed to deliver luxury, modern architecture, hospitality at their finest. Furthermore, they are also preparing for the Expo 2020 which will attract a lot of visitors from around the world. A rough estimate of which would be at least 25 million. Damac Properties has a total of USD 2 billion in annual revenue.
From an investment point of view, it’s significant to note that Forbes declared them the #1 Forbes Growth Champion. This was in 2017 and the company has managed to grow a lot since then.
Founded two decades ago, Nakheel Properties is a name famous in a lot of industries. Whether it be residential, retail, hospitality and even leisure sectors. The most recent success that everyone is admiring and showing interest in is Palm Jumeirah. Among other projects such as The World, Deira Islands, Jumeirah Islands, JVC, Jumeirah Park, Jumeirah Heights, The Gardens and more. The company has a notable presence in the residential sector. However, they are not just limited to that. They have participated and played their part in a lot of commercial sectors real estate projects as well. The new projects in Dubai include the Ibn Battuta Mall, Dragon Mart 1 and 2, Golden Mile Galleria and more.
From an investor’s perspective, it is crucial to note that the company has shown significant growth. Looking at figures from 2015 to 2017, the company reported its highest annual profit amounting to AED4.96 billion. So, it would be a wise decision to go for Nakheel Properties too.
Deyaar has been the apple of the eyes of thousands of investors. The company works with the aim to maximize investor profits. This has been the case since the company’s foundation in 2001. The company has worked in Dubai and is credited with the development of the Dubai Marina. A development that became the top-selling community in the past years. Furthermore, Al Barsha, Dubai Production City, Dubai Silicon Oasis, Al Barsha South and even Al Barsha Height are in Deyaar’s portfolio. Needless to say, they are among the pioneers of hospitality and exemplary development. They have made a huge number of properties in Dubai available for sale and rent. This has attracted investors from almost all over the world. Therefore, it wouldn’t be wrong to invest in Deyaar and enjoy the ride.
It is crucial that you do your research and make sure that you have enough information before you make the smart decision. However, it is always better to know what the best players in the game are doing.