Dubai welcomed over 220,000 new residents in the first half of 2024, according to Amira Sajwani, Managing Director of DAMAC Properties. This influx has further driven demand for residential properties in the city, reinforcing Dubai’s position as a major global hub.

As reported by WAM, Speaking during the launch of “Riverside Views,” DAMAC’s first project of 2025, Sajwani highlighted the strong interest from both investors and end-users. She attributed Dubai’s appeal to its strategic location between Europe and Asia and its investor-friendly policies, which have helped the market achieve unmatched demand compared to other regions.

Some of DAMAC’s recent projects have reportedly achieved billions in sales within hours, showcasing the robust interest in Dubai’s luxury property market. Sajwani also noted DAMAC’s expansion efforts abroad, such as a $1 billion Miami project designed by Zaha Hadid Architects.

“Riverside Views” introduces eight themed clusters of stylish one- and two-bedroom apartments, including areas like Teal, Azure, and Indigo. The project focuses on blending nature with community living, featuring greenery and water elements to enhance well-being. Sajwani emphasized that DAMAC will continue shaping Dubai’s luxury real estate market with iconic developments.

The real estate market in Dubai remains vibrant, benefiting from a steady stream of new residents and ambitious projects.