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Top 10 Real Estate Companies In Dubai 2024: Navigating The Market

Last modified on 5th February 2024. Dubai Real Estate Blog

By Ward Mohammad

10 minutes read

Top 10 Real Estate Companies In Dubai 2024: Navigating The Market

With the first quarter of 2024 well underway, Dubai’s real estate market shows no signs of slowing down. As nomadic lifestyles, digitization, and sustainable living become more prominent, Dubai's key real estate players continue to develop state-of-the-art projects and smart infrastructure designed to meet the needs of the modern consumer. In Q3 of 2023 alone, $1.59 billion was spent on homes worth $10 million or more, according to Frank Knight, and 2024 is likely to see continued growth as foreign investors flock towards this global property hub.

From ongoing megacity projects to high-end residences, let’s explore the top 10 real estate companies in Dubai and their flagship properties, along with upcoming projects set to consolidate the city's status as a premier housing market.

Importance of choosing a reputable real estate company

Finding a reputable real estate company is essential when it comes to making the best decisions regarding a property purchase. A reputable company will have a strong track record, an extensive network in the industry, and a commitment to providing excellent customer service. These qualities are invaluable when navigating the complex and often confusing process of buying or selling a home. By partnering with a reliable real estate company, you have access to valuable advice and resources that can help you make informed decisions. With the right real estate company, you can trust that the process will be handled with the utmost professionalism and that you will be fully supported throughout.

At Driven Properties, we have an extensive amount of experience in the real estate industry, with 13 years of knowledge and understanding of market trends in the UAE. Our strong network of potential buyers and sellers, industry professionals, and community connections provides our clients with a distinct advantage for their specific property needs.

We pride ourselves on delivering customized services to meet the individual requirements of our clients, whether they are buyers, seasoned investors, or vendors. We are committed to ethical practices and professionalism in all of our dealings, ensuring that our clients can trust the advice they receive and make confident decisions.

Top 10 Real Estate Companies in Dubai

1 – Emaar Properties

Established in 1997, Emaar Properties has become synonymous with Dubai’s world-renowned architecture and rapid industrial growth. With a prevailing reputation for its quality, innovation, and expertise, Emaar has pioneered across every sector, delivering landmark projects like the Burj Khalifa, Downtown Dubai, Dubai Opera, and Dubai Mall.

Popular Developments By Emaar

Address: Downtown Dubai, Burj Plaza

Contact: 800-EMAAR (36227)

2 –  Nakheel

A visionary waterfront developer, Nakheel has risen to prominence through its unrivaled coastline developments and ambitious ventures. Founded in 2000, it remains one of Dubai’s top real estate companies, responsible for iconic projects such as Palm Jumeirah, Palm Jebel Ali, Jumeirah Islands, and The World Islands. Boasting a portfolio of distinguished projects, Nakheel continues to dominate across the sectors of retail, hospitality, and leisure.

Popular Developments By Nakheel

Address:​​ Emaar Business Park 1, Al Thanyah Third  Contact: +971 4 390 3333

3 – Dubai Properties

Established in 2004 as the property development division of the Dubai Holding Group, Dubai Properties' portfolio includes some of the region's most extensive and diverse developments. From upscale family-oriented communities to luxurious waterfront residences, Dubai Properties has distinguished itself as a key player in the city’s residential and commercial landscape. The firm has undertaken several high-profile projects, including Dubailand, Jumeirah Beach Residence, Business Bay, and Mudon.

Popular Developments By Dubai Properties

Address:​​ Vision Tower, Business Bay

Contact: 800 DPUAE (800 37823)

4 – Meeras

With several prominent projects to its name, Meraas has gained considerable recognition since its founding in 2007. Known for developing the premier entertainment venues City Walk, La Mer, The Beach, and Box Park, this Dubai-based holding company has also ventured into the realm of luxury real estate. Offering exclusive residences within prime locations, Meeras is further bolstering Dubai’s international appeal as a premier real estate market.

Popular Developments By Meeras

Address:​​ City Walk Phase 2, Building 09 

Contact: 800 MERAAS (800-637227)

5 – Sobha Realty

Since its inception in 1976 by Indian entrepreneur PNC Menon, Sobha Realty has developed a reputation for delivering quality craftsmanship in Dubai's luxury property market. Having launched numerous projects in the last decade, the group is best known for its upscale Sobha Hartland community, along with other major developments in Dubai Harbour and Meydan.

Popular Developments By Sobha Realty

Address: Sobha Hartland, Sales Gallery 2, Nad Al Sheba 1

Contact: +971 800 999 999

6 – DAMAC Properties

Developing esteemed projects since 2002, DAMAC Properties caters to a wide range of demographics, offering affordable comfort as well as luxury estates. With over 26,000 projects to their name, the group’s diversified portfolio consistently ranks them among the top real estate companies in Dubai. From designer apartments to family-oriented villas, some of their best-known properties include DAMAC Hills, DAMAC Hills 2, DAMAC Lagoons, and DAMAC Bay.

Popular Developments By DAMAC Properties

Address: DAMAC Executive Heights, Jebel Ali Race Course Road

Contact: 800 DAMAC

7 – Meydan

Since its establishment in 2007, Meydan has gained widespread recognition for its role in spearheading the Mohammed Bin Rashid City project. Best known for developing the world-renowned Meydan Racecourse, the group has also built a robust real estate portfolio of luxurious modern residences. With several high-end properties in desirable locations, Meydan's projects offer great potential for profit-driven investors or prospective homeowners.

Popular Developments By Meydan

Contact: +971 800 MEYDAN

8 – Omniyat

Distinguished by its signature aesthetics and exclusivity, Omniyat is one of Dubai's leading luxury property developers. Since its landmark Opus project, designed in collaboration with Zaha Hadid, the group has remained a pioneer in architectural design and modern living. With a curated portfolio of bespoke residences, some of their best-known properties include AVA at Palm Jumeirah, ORLA, ORLA Infinity, and Vela.

Popular Developments By Omniyat

Address: One by Omniyat, Business Bay

Contact: 800 666

9 –  Ellington Properties

Founded in 2014, Ellington Properties specializes in luxury residences that combine exceptional design with all-encompassing amenities. Since its first flagship development, Belgravia 1, the group has launched a host of exclusive bespoke residences across JVC, Business Bay, MBR City, and Palm Jumeirah.

Popular Developments By Ellington Properties

Address: Burlington Tower, Business Bay 

Contact: 800 8288

10 – Nshama

​​With its emphasis on sustainable and vibrant community living, Nshama has rapidly become one of the top developers in Dubai’s real estate landscape. Its debut residential development, Town Square, boasts spacious apartments, modern townhouses, and plenty of amenities at affordable prices.

Popular Developments By Nshama

Address: Warda Apartments, Town Square

Contact: +971 (4) 4328888

Choosing the right developer for you

With a world of developers to choose from, our top real estate agents in Dubai are here to help you make informed decisions.

Whether you’re looking to buy, sell, or invest, our industry expertise, tailored services, and understanding of Dubai’s property market ensure a streamlined process. Keep up with the latest insights by following the Driven Properties blog or contacting us for information!

Who are Dubai's Best Real Estate Agents?

Kianoush & Lina - The dynamic duo at Driven Properties

Kianoush Darban was raised in Newcastle, UK, and started his dream job in Real Estate in the UK's largest Real Estate agency. In 2014 he moved to Dubai to continue doing Real Estate, his main passion. After only 2 years, in 2016 and 2017, he became the top sales agent of the year at Driven Properties. Since then, he has maintained his position as one of the top 3 sales agents within the company, with proven records and many satisfied clients. He specializes in Bvlgari Residences, City Walk, Dubai Marina, Palm Jumeirah, and other luxury projects in Dubai.

Kianoush accomplished his 15 years in the real estate industry. Earlier this year, he made headlines as a broker behind the transaction of the most expensive penthouse in Dubai. He has done exceptionally well in terms of performance activity and sales value. In addition, Kianoush continues to showcase an incredible level of expertise in the ultra-high-net-worth market, as well as institutional know-how and knowledge to assist the clients in that market.

Seizing the golden opportunity to sell high-value properties to the highest bidders in Dubai, Lina Allaoa and Kianoush Darban at Driven Properties have managed to sell over two billion worth of property this year alone. One of their sales was the most expensive townhouse in the UAE, which was recently sold for an incredible AED 35.5 million.

Not only did they sell the most expensive townhouse in the UAE, but they also sold an apartment in the Bulgari Resort and Residences, which fetched the highest price per square foot ever recorded at AED 12,624 per square foot.

Lina Allaoua is a sales director at Driven Properties who joined in 2015. Her work provides clients with advice and consultation on choosing the right property for them and providing options that match their requirements. With her long experience in the Dubai real estate market, close eye on the market updates, and thorough knowledge of the client's requirements and needs, Lina guarantees to seal the perfect deal every time.

What are Dubai’s real estate trends for 2024? 

The real estate market in Dubai is expected to experience strong trends in 2024. The demand for luxury branded residences is projected to continue, driven by high-net-worth individuals and international investors who are attracted to Dubai's lifestyle offerings. Business Bay, Downtown Dubai, Dubai Marina, and Jumeirah Village Circle are among the areas seeing the highest demand for luxury branded residences. Additionally, the Northern Emirates, particularly Ras Al Khaimah, is also experiencing significant demand.

Analysts at ValuStrat anticipate that capital values across the Emirate will increase by 5-7% in 2024, following a 20% increase in the past year. Apartment rents are expected to rise, especially for new contracts, while villa rents are stabilising.

Infrastructure projects and the positive impact of Expo 2020 are contributing to the overall appeal and competitiveness of the real estate market. Rental prices are projected to increase by up to 20% in 2024, as investors seek long and short-term returns in Dubai's growing market.

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