
Record-breaking transactions and visionary projects by MAAIA and strategic partnerships highlight Dubai’s rise as a premier global property hub
Dubai’s real estate market continues to demonstrate remarkable strength and resilience in 2025, fueled by a robust pipeline of ambitious developments and soaring investor confidence. With first-quarter real estate transactions reaching an impressive Dh143.1 billion, the emirate solidifies its status as a global investment destination, attracting buyers and developers from around the world.
This upward momentum is further underscored by MAAIA’s recent announcement to inject over Dh5 billion in sales into the UAE real estate sector this year. The global developer, known for its European-inspired architectural craftsmanship and commitment to quality, unveiled two flagship residential projects — La Vue in Nad Al Sheba Gardens and La Clé in Al Furjan — during an exclusive event at Atlantis, The Royal.
Following the full sell-out success of their Le Jardin development in Abu Dhabi during its concept phase, MAAIA is poised to make an even greater impact on Dubai’s urban landscape. These projects precede an upcoming mega development: a master community in Falcon City, scheduled to launch later this year. Across 2025, MAAIA plans to develop 2.5 million square feet of gross floor area, with a three-year pipeline aiming to deliver nearly 5,000 units and exceeding AED 10 billion in value.
Mohammed Imran, Founder & Chairman of MAAIA, shared his enthusiasm about the UAE market’s potential:
“The UAE is an incredibly important market for us, and we are proud to grow with the country’s unparalleled real estate landscape. We have earmarked substantial investment and mega plans for our business over the next three years, during which we anticipate the UAE real estate sector will continue its upward trajectory.”
Dubai’s commercial real estate space is also thriving amid a surge in demand. In 2024, the commercial property market experienced a 24% growth, with nearly 3,000 office units sold and transactions valued at Dh89.9 billion. This strong performance is expected to persist, driven by a growing number of companies registering with Dubai Chamber of Commerce and a limited supply of office space.
According to the UAE Commercial Construction Industry Report 2025, the commercial sector was valued at Dh156 billion in 2024 and is projected to grow to Dh207 billion by 2030, marking a healthy compound annual growth rate (CAGR) of 4.7%.
A notable development in this sector is The LX — a premium commercial project in the heart of Arjan, valued at Dh350 million. This venture represents a strategic collaboration between Prospect, a Dubai-based real estate investment and advisory firm, and Mulk Properties, the real estate arm of global conglomerate Mulk International. One Broker Group has been appointed as the exclusive sales partner.
Rohit Verma, Co-founder of Prospect, emphasized the project’s significance:
“Our vision aligns deeply with our partners, and together we want to create purpose-built, high-performance workspaces that cater to the next generation of business owners. Arjan is one of the most exciting emerging districts in Dubai today, with a steady pipeline of residential and hospitality developments. We believe The LX will become a signature address for modern businesses in Dubai and we look forward to this journey with Mulk Properties.”
Nawab Shaji Ul Mulk, Chairman of Mulk International, expressed optimism about Dubai’s commercial market potential:
“After projects like Zim Cyber City and the Ajman Sports Complex, we are excited to explore the Dubai commercial real estate market, which is growing exponentially. With Prospect’s involvement, we are confident The LX will become a destination of choice for forward-thinking entrepreneurs, retailers, and investors.”
Umar Bin Farooq, Founder & CEO of One Broker Group, highlighted the project’s unique appeal:
“The LX represents the future of commercial developments. Arjan’s growth trajectory and connectivity make this a project of incredible promise. We’ve transacted over Dh7 billion in residential sales and see strong demand for elevated, flexible office environments. The LX delivers premium finishes, retail integration, and an F&B hub, offering a complete ecosystem for investors and end-users alike.”
Designed to meet the evolving needs of modern businesses, The LX will feature 71 boutique office spaces and spacious retail units with generous balconies, refined interiors, and dedicated food and beverage offerings — perfectly blending sophisticated design with commercial functionality.
As Dubai’s real estate landscape flourishes, both residential and commercial sectors are setting new benchmarks for innovation, luxury, and investment appeal. With developers like MAAIA driving large-scale projects and strategic partnerships shaping premium commercial spaces, the city’s property market is well-positioned to maintain its dynamic growth and global prominence through 2025 and beyond.
For investors, residents, and businesses alike, Dubai’s property market continues to represent opportunity, stability, and a gateway to the future of urban living.