Dubai’s Sheikh Zayed Road will soon host a 50-storey residential tower by Aqua Properties, meeting high off-plan apartment demand, particularly in Dubai.
Founder Ali Tumbi highlighted Aqua Properties’ innovation, overseeing the towering 50-story building on Sheikh Zayed Road and another on a 300,000-square-foot plot in Arjan.
Plans to deliver 500 units by early 2024 underline the company’s commitment, while Dubai’s cash-driven real estate market remains an investor magnet.
Recent data from Dubai Land Department shows robust growth, with 116,116 new property transactions totaling Dh430 billion in nine months, emphasizing the sector’s resilience and appeal to global investors.
Tumbi emphasized this progress, solidifying Dubai’s status as a stable investment hub.
Source: propertynews.ae