The UAE real estate market recorded strong activity in March, with new project launches, steady construction progress, and high-value property deals across Dubai, Abu Dhabi, and Sharjah.
Developers reported continued demand and stable operations, reinforcing the country’s position as a key investment destination.
Dubai launches
Dubai saw a surge in residential and commercial project launches alongside record sales. A luxury apartment deal worth Dhs422 million stood out as one of the highest-value transactions in the market.
Several developers announced new projects. Emaar Properties launched Golf Valley in Emaar South with 262 homes, while National Properties unveiled a commercial tower in Barsha Heights valued at Dhs500 million.
Zoya Developments introduced the Nové project in Dubailand with investments exceeding Dhs200 million. OAM Real Estate Development also launched Rise Residences in Warsan.
Dubai Multi Commodities Centre shared plans for further development in the Uptown area, including a tower expected to exceed 600 metres in height.
Construction progress
Developers confirmed that construction activity remains on schedule across multiple projects.
Deyaar Development said it is set to complete the Jannat project in Dubai Production City within days, three months ahead of schedule. The company is also preparing to deliver around 2,000 residential units across Dubai.
Azizi Developments launched Creek Views 4 in Al Jaddaf, adding to its existing projects, with Creek Views 3 currently 50 percent complete and expected to be delivered in the second quarter of 2026.
Dubai Investments Real Estate and Binghatti Holding reported steady construction progress, with Binghatti recording average weekly sales of around Dhs500 million since late February.
Nakheel, Dubai Properties, and Meraas said work continues across all projects without disruption. Beyond Developments also reported steady progress across its projects in Dubai Maritime City.
DAMAC Properties said the market continues to show resilience, supported by a stable regulatory environment.
Abu Dhabi activity
In Abu Dhabi, Aldar Properties said its operations across residential, retail, office, and hospitality assets are running at full capacity.
The developer launched Baccarat Residences Saadiyat in February, featuring 77 units including apartments, villas, and penthouses in the Saadiyat Cultural District.
Modon introduced the Tara Park project on Reem Island, while Ohana Development reported strong demand for Manchester City Yas Residences, with sales reaching about Dhs6 billion within 72 hours.
Sharjah growth
Sharjah also recorded strong performance during Ramadan, with real estate transactions reaching Dhs4.6 billion, up 71.8 percent. The number of transactions rose to 7,299.
Arada awarded a contract worth Dhs183 million to build a school in the Masaar community, supporting ongoing development in the emirate.
tanvir@dubainewsweek.com
