Top 5 UAE residential projects

After two years of rising prices, the UAE’s real estate market is slowing down. According to Standard & Poor report of the property market in the UAE, the forecast scopes a 10-20 per cent correction in the UAE residential real estate prices this year. However large-scale communities are under construction all over the country, and property developers are still making a profit as more people choose for residential units like Dubailand and Mohamemed Bin Rashid City the soon-to-be urban areas driven by the Dubai World Expo site construction and new Al Maktoum Airport development.

Novel Hotel Villas at Akoya Oxygen, Damac Properties Top 5 UAE residential projects

Top 5 UAE residential projects

Nova Hotel Villas at Akoya Oxygen will start at $477,463 for a three-bedroom home, with the units available with up to six bedrooms. The villas, 250 in total, come with solar water heating systems, private gardens, a library, fully-fitted kitchen and sound system. The villas will also be set around the new Trump World Golf Club in Dubai designed by Tiger Woods. Estimated completion date is June 2018.

Sobha Hartland

Top 5 UAE residential projects

Top 5 UAE residential projects

Dubai-based developer, Sobha LLC is building the $4 billion (AED14.7bn) mixed-use development on 740,575 sqm of land located three kilometers from the Burj Khalifa in 74.3 million sqm Mohammed bin Rashid City (MBR). The development includes eight low-rise apartment buildings, two schools, three hotels and around 280 villas.

The Sustainable City, Diamond Developers Top 5 UAE residential projects

Top 5 UAE residential projects

Town Square is located in New Dubai near Al Barsha following the new market demand for more affordable housing. Town Square will feature over 3,000 townhouses and 18,000 apartments. It has a mix of 3 and 4-bedroom townhouses and mid-rises with 1, 2 and 3-bedroom apartments. The development, launched in 2014, has a total land area of 31 million sq ft and has been slated as a 10-year project, with roughly 3,000 units expected to be launched every year.

Town Square, Nshama Top 5 UAE residential projects

Top 5 UAE residential projects

Town Square is located in New Dubai near Al Barsha following the new market demand for more affordable housing. Town Square will feature over 3,000 townhouses and 18,000 apartments. It has a mix of 3 and 4-bedroom townhouses and mid-rises with 1, 2 and 3-bedroom apartments. The development, launched in 2014, has a total land area of 31 million sq ft and has been slated as a 10-year project, with roughly 3,000 units expected to be launched every year.

Serenia Residence, Palma Holding

Top 5 UAE residential projects

Top 5 UAE residential projects

The first beachfront residential-only development on Palm Jumeirah Crescent will be worth $408 million and will be an exclusive gated community overlooking view of the Burj Al Arab and Dubai Coastline.

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