Unveiling Dubai’s Future Skyline: Aqua Properties to Introduce 50-Storey Residential Tower on Sheikh Zayed Road

Unveiling Dubai's Future Skyline: Aqua Properties to Introduce 50-Storey Residential Tower on Sheikh Zayed Road

In response to escalating demand for off-plan apartments, particularly in Dubai, Aqua Properties, a prominent UAE-based real estate company, is set to launch two groundbreaking projects totaling Dh3 billion within the next six months. Ali Tumbi, the founder of Aqua Properties, highlighted the company’s innovative approach and its leading role in delivering upscale apartments and strategically positioned mixed-use developments.

1 Bedroom Apartment for rent in Act one and Act two Towe in Downtown Dubai
1 Bedroom Apartment for rent in Act one and Act two Towe in Downtown Dubai

Among the forthcoming projects is a towering residential marvel situated on Sheikh Zayed Road, boasting more than fifty stories. Additionally, Aqua Properties plans to construct another significant development on a 300,000-square-foot plot in the Arjan area, marking the largest land parcel in this vibrant emirate.

Ali Tumbi aims to deliver over 500 residential and commercial units by the first quarter of 2024, reflecting Aqua Properties’ commitment to meeting the ever-growing real estate demands in the region.

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Dubai’s unique market dynamics, characterized by a prevalence of cash transactions, continue to position it as a top choice for real estate investments. Recent data from the Dubai Land Department reveals that in the first nine months of 2023, Dubai witnessed a staggering 116,116 new property transactions, valued at approximately Dh430 billion ($117 billion). This surge indicates a remarkable market expansion, with values soaring by over 36.7%, and transactions experiencing a robust 33.8% year-on-year increase.

Ali Tumbi emphasizes that Dubai’s real estate market’s remarkable growth sends a powerful message to international investors seeking to secure their wealth through real estate investments. Real estate is increasingly recognized as the new global currency, offering stability and value appreciation.

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As Aqua Properties continues to shape Dubai’s skyline, these upcoming projects signify not only architectural marvels but also strategic investments that align with the city’s dynamic real estate landscape. The towering presence on Sheikh Zayed Road is poised to redefine luxury living, contributing to Dubai’s reputation as a global real estate hub.

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