Dubai is now seeing some other builders who are now working on new properties to attract people who are looking for luxurious houses in popular locations of this city. For a few years the prices of properties in Dubai has increased by a good percentage.
Renowned real estate developer LMD, with a good presence in Egypt, Greece, and Spain, has revealed the start of its new project, The Pier Residence, in Dubai Maritime City. Investing AED750 million ($204 million), the building will include 274 luxury homes with one, two, and three-bedroom apartments with some luxurious properties having private pools. By Q2 2027 the project is supposed to be finished.
Combining contemporary planning with beautiful design details, the Pier Residence delivers a modern style of life. The famous Downtown Dubai skyline and the Arabian Gulf will be breathtakingly visible to the residents. For people looking for connection and convenience, its good position inside Dubai Maritime City gives quick connectivity to important places such Downtown Dubai and Jumeirah.
Among the popular conveniences the property will provide are a modern gym, a padel court, jogging and walking paths, a lavish resident's lounge, and a carefully crafted children's play area. "The Pier Residence is one of the very lavish real estate projects in Dubai, showing the commitment to supporting the emirate's vision of enhancing the luxurious property market," said Hamad Al Abbar, Managing Partner of LMD, during the inaugural ceremony. This project meets the rising demand in Dubai for attractive and beautiful homes.
Under a partnership reflecting both sides' commitment to modernity in the real estate sector, LMD has teamed with the National Bank of Fujairah to fulfil this ambitious project. Furthermore there is the official sales partner for The Pier Residence which is also a sales and marketing company in the UAE.
Al Abbar pointed out Dubai Maritime City's chances to become a top waterfront destination with better investment opportunities supported by good market situations, different properties, and sustainable development plans. Dubai's real estate market is also continuing to grow. Some brokers and builders said that, with increasing demand, economic growth, and a number of new housing and people coming from other countries increasing the sales and investment returns.
The property market is still attracting buyers from other countries because of which new companies are also interested to grow in this market. With companies like LMD coming to Dubai shows that houses in Dubai give good opportunities to both builders and customers. This city in UAE is popular for its luxurious and comfortable lifestyle without costing so much.
