About Prestige One Developments
Prestige One Developments is a privately held luxury residential developer headquartered at Marina Plaza in Dubai Marina, founded and led by CEO Ajmal Saifi. The developer brand was established in 2023 under Prestige Holding Group, whose real estate roots in Dubai go back to 2007 and include partnership work on more than 30 business to business projects in areas such as Palm Jumeirah, Business Bay and Dubai Marina. Prestige One builds apartments and branded residences across Jumeirah Village Circle, Dubai Sports City, Meydan, Dubai Islands and Dubai Maritime City, with launch prices starting from AED 690,000.
One thing worth clearing up, because different websites print different dates. The parent group has operated in Dubai property since 2007, and that is the year you will see on some profiles. The consumer facing developer brand, Prestige One Developments, was formally established in 2023 according to the company's own published timeline. Both dates are true. They just describe two different things.
The company designs and builds mid rise and high rise residential projects aimed at buyers who want hotel style amenities at accessible prices. Its stated ethos puts customer, community and design at the centre of every project, and the company describes its work as crafting living experiences rather than simply constructing buildings. In practice that shows up as unusual amenity lists. Its projects include outdoor cinemas, putting greens, podcast rooms and temperature controlled pools, features you normally find in far more expensive buildings.
In December 2025 the developer moved into branded residences, unveiling Hilton Residences at Dubai Maritime City, described at launch as the first standalone Hilton branded waterfront residential development. The company also signed a sponsorship agreement with the Argentina Football Association in 2024, an unusual marketing move for a Dubai developer of this size.
- Jumeirah Village Circle: The Residence, Berkeley Square, Berkeley Square North and Berkeley Square South.
- Dubai Sports City: Vista and The Place.
- Meydan and Meydan Horizon in MBR City: The Waterway, Parkway, Sanctuary, Sanctuary Hive and Forest View.
- Dubai Islands: Seaside, Coastal Haven and Luxury Canal Residences.
- Dubai Maritime City: Hilton Residences.
- Dubai Land Residence Complex: The Boulevard.
Launch prices published on Property Finder show a wide spread depending on the community, making Prestige One Developments accessible across several budget levels.
| Project | Community | Launch Price From |
|---|---|---|
| Berkeley Square | Jumeirah Village Circle | AED 690,000 |
| The Place | Dubai Sports City | AED 700,000 |
| Parkway | Meydan | AED 1,550,000 |
| Seaside | Dubai Islands | AED 2,580,000 |
In simple terms, entry starts below AED 700,000 for a studio in Jumeirah Village Circle or Dubai Sports City and rises above AED 2.5 million for waterfront apartments on Dubai Islands. Prices change with every launch phase, so treat these figures as launch floors rather than guaranteed current prices.
The developer brand is young, so its growth record covers 2023 to today rather than a full five years, and the pace is the story. In 2023 the company launched its first two projects, The Residence in JVC and Vista in Dubai Sports City, together valued at over AED 500 million. Khaleej Times reported the company as the UAE's fastest growing independent property developer that year, and The Residence sold out completely.
In 2024 the company launched more than 1,500 residential and commercial units and started construction on four new projects. In January 2025 it announced plans for 11 further launches to nearly double its portfolio, alongside expansion into other GCC markets and West Africa. By its own account the company has developed more than 3 million square feet in Dubai and reached a total of 25 completed and under development projects by early 2026. Its first two handovers, Vista and The Residence, were scheduled for 2025, and the Hilton partnership arrived in December 2025. Founder Ajmal Saifi also received recognition from the Dubai Land Department in 2022 as one of the leading investors in the emirate's residential market.
- Amenity value for money: Studios from under AED 700,000 with amenity packages usually reserved for luxury towers. Few developers offer an outdoor cinema and a putting green at this price point.
- A ladder of price points: The company spreads its projects across affordable JVC, mid-market Meydan and premium Dubai Islands, allowing buyers to stay with the same developer as their budget grows.
- Momentum you can verify: A sold-out first project, a completed handover pipeline beginning in 2025 and a Hilton partnership signal that hotels and institutions have carried out their own checks on the company.
- Founder-led: The founder runs the company directly, which can mean faster decisions and more direct accountability compared with larger, layered corporate developers.
- Escrow protection: All off-plan sales operate through Dubai Land Department-regulated escrow accounts, the standard buyer protection for off-plan purchases in Dubai.
One fair caution: Most of the portfolio is still under construction, with handovers running from 2025 through 2028, so the long-term delivery track record is still being established. Buyers who need a completed home today have limited choices with this developer.
Content Reviewed By: Vikas Taneja-RERA Certified Broker (BRN: 82127), Honey Money Real Estates L.L.C. (ORN: 28658). Advising HNI and NRI buyers on Dubai off-plan and ready property, with direct transaction experience across Downtown Dubai, Dubai Creek Harbour, MBR City, Sobha Hartland, The Valley, and Dubailand communities.
Company Authority: Honey Money Real Estates L.L.C. is a DLD-registered brokerage (ORN:28658) operating under Dubai’s Real Estate Regulatory Agency (RERA). All project data on this page is cross-checked against the developer’s official documentation and DLD records. Pricing and availability are market-indicative at the time of review and subject to change.
MBR City Community
Dubai Islands Community
Prestige One Seaside Apartments at Dubai Islands
Prestige OneDubai Sports City Community
The Place by Prestige One in Dubai Sports City
Prestige OneMeydan Horizon Community
Horizon Apartments at Meydan, Dubai - Luxury Apartments
Prestige One
Prestige One The Waterway in Meydan Horizon
Prestige OneFrequently Asked Questions
Ajmal Saifi is the founder and CEO. The company operates under Prestige Holding Group and is headquartered at Marina Plaza in Dubai Marina.
The developer brand was established in 2023. Its parent group has worked in Dubai real estate since 2007.
Berkeley Square in Jumeirah Village Circle launched from AED 690,000, the lowest published launch price in the current portfolio.
Jumeirah Village Circle, Dubai Sports City, Meydan and Meydan Horizon, Dubai Islands, Dubai Maritime City and Dubai Land Residence Complex.
Yes. Hilton Residences at Dubai Maritime City was unveiled in December 2025 as the first standalone Hilton branded waterfront residential development.
Its first two projects, Vista in Dubai Sports City and The Residence in JVC, were scheduled for completion and handover in 2025. Most of the remaining portfolio hands over between 2026 and 2028.