Damac Real Estate: The momentum of real estate demand in Dubai does not stop
Dubai, January 29/ WAM/ Amira Swani, the managing member of Damac Real Estate Company, confirmed that the real estate market in Dubai is witnessing an exceptional momentum, with the continued strong demand from both investors and ultimate users.
Swani said in a statement on the sidelines of the launch of “Riferside Fose”, its first projects for the year 2025, that Dubai has become a global attraction thanks to its strategic location between Europe and Asia, as well as its attractive investment policies.
She pointed out that the first half of 2024 witnessed the transfer of more than 220,000 people to Dubai, which confirms the continued increasing demand for housing units.
“What we see in the UAE is a request for real estate that is not witnessed by other markets, as some projects launched by the company have achieved billions of dollars in sales in just hours.”
She pointed out that the value of investment in the company’s new project in Miami exceeds one billion dollars, which is designed by Zaha Hadid Architecture.
Regarding the real estate coding initiatives, Sajwani confirmed that it is the Berberco Foundation that it launched a project that allows investors to purchase stakes in real estate through a digital platform, with a minimum investment limit of 500 dirhams, explaining that the volume of real estate designated so far reaches 15 million dirhams.
She added: “As for Damac, the company has plans to expand in the field of real estate coding to include a value of up to one billion dollars in the future.”
She explained that the coding of real estate is based on converting assets into digital symbols on the series “blockchain”, which allows the division of the property into small digital units that can then be owned and circulated via digital platforms.
Swani confirmed that Damac adopts a long -term vision to enhance her position in the market, noting that the continuous demand for real estate in Dubai, in addition to international expansion and benefit from modern technologies such as asset coding, makes the company in a strong position to continue growth in the coming years.
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