Dubai’s real estate market remains strong with over 163,000 transactions worth Dh544 billion in the first nine months of 2024. Saeed Mohammed Al Qatami, CEO of Deyaar Development, is optimistic about continued growth especially as demand expands into suburban areas.

Deyaar recently launched Park Five, a Dh1.5 billion luxury residential project in Dubai Production City. Phase 1 includes two buildings, Elm and Ember, offering smart homes and wellness-focused amenities. The project features studios and 1-3 bedroom apartments with flexible payment plans, located near key shopping, dining and transport hubs. Phase 1 is expected to complete by Summer 2027.

Al Qatami sees growth in areas like Dubai South, Nad Al Sheba and Dubai Silicon Oasis. With a strong land bank and project portfolio, Deyaar is well-positioned for future success though the influx of new developers presents both opportunities and challenges in meeting market demand.