QUBE Development, an international real estate firm with 30 years of experience, is set to transform Dubai's real estate market with an ambitious AED 2.6 billion development pipeline. This new initiative will deliver approximately 2.3 million square feet of premium real estate in the emirate by the end of 2025.
The company has strategically acquired over 623,000 square feet of prime land in Dubai, allowing for rapid adaptation to market trends and meeting the evolving needs of customers. QUBE Development is committed to sustainability, durability, and exceptional design standards, partnering with world-renowned architects and local contractors to ensure high-quality developments.
"We are dedicated to contributing to the prosperity of the UAE's real estate market through numerous upcoming projects across Dubai and the UAE,"
stated Egor Molchanov, CEO of QUBE Development.
Dubai's real estate market has seen record investments, with sales transactions in the first quarter of 2024 reaching 35,310, a 20% year-over-year increase, according to CBRE data. The surge in off-plan property transactions, which rose nearly 24%, indicates a strong demand for newly built inventory.
QUBE Development's entry into this booming market highlights the continued growth and appeal of Dubai as a top global destination for real estate investment. The company's projects aim to enhance the quality of life for residents by creating sustainable and high-quality communities, thus laying the foundation for generational wealth for investors and customers.
As QUBE Development ramps up its activities, more detailed announcements regarding specific projects are expected in the near future, reinforcing its commitment to excellence and innovation in Dubai's real estate sector.