Abu Al Naga Real Estate Development has officially commenced work on three significant residential projects located in Dubailand, Bu Kadra (New Horizons), and Al Furjan. This initiative reflects the company’s strong belief in Dubai’s favorable investment climate and its robust real estate demand.

According to Mohamed Abu Al Naga, the CEO of Abu Al Naga Real Estate Development, the choice to launch these projects in Dubai was based on realistic data and indicators. He emphasized that Dubai has established itself as a global hub for real estate investments due to supportive legislation, high demand, and transparency. He highlighted that the rapid growth of the Dubai real estate market is fueled by international investor confidence and a diverse range of demand segments, including residents, expatriates, and foreign investors.

Abu Al Naga noted that the new developments aim to provide residential units that meet the modern lifestyle needs of Dubai, focusing on design, services, and location. The company’s strategy is to create integrated residential communities that offer a sophisticated living environment suitable for all segments of society.

In his remarks, Abu Al Naga expressed the company’s intent to strengthen its position as a premier real estate developer committed to innovation and quality. He believes that Dubai serves as an ideal launching pad for future projects, given its sustained growth and stable economic and political environment.

He further stated that the company is actively exploring opportunities in Dubai to offer real estate solutions that align with the aspirations of a new generation of buyers and investors, who value prime locations, affordability, and sustainability.

Abu Al Naga anticipated that the momentum in the real estate market would continue, driven by growing demand across various segments. He pointed out that factors such as security, stability, advanced infrastructure, smart transportation, and modern facilities have positioned Dubai as a competitive real estate market in the global arena.

Moreover, he acknowledged that recent government initiatives, including the introduction of golden residency and long-term work visas, have significantly enhanced Dubai’s appeal to expatriates and investors seeking long-term stability. These initiatives are expected to positively impact the emirate’s real estate market.

Abu Al Naga emphasized that the collaboration between public and private sectors allows Dubai to serve as a global model for economic excellence and supports the goals of the Dubai Real Estate Strategy 2033. This strategy aims to double the real estate sector’s contribution to Dubai’s GDP to AED 73 billion, increase home ownership to 33% of the population, and boost the value of real estate transactions by 70%, ultimately raising the emirate’s real estate market value to AED 1 trillion.