QUBE Developments step into the Dubai property market with plans of AED 2.6 billion! – Allsopp & Allsopp

Shortly after following the news that Dubai’s off-plan market is seeing its three-year boom and welcoming a wide range of new residents to town – it comes as a given that we can expect a multitude of new developments!

What’s the newest development in town?

QUBE Development – who come with an ambitious plan to introduce AED 2.6 billion worth of new real estate projects, aims to deliver 2.3 million square feet of fresh development inventory by the end of 2025. This comes in line with plans to continue hosting Dubai as a global property investment hotspot.

What can residents expect from QUBE Developments?

QUBE Developments is an international real estate firm coming with 30 years of global experience, and finally made its grand entry into the Dubai property market. The company’s AED 2.6 billion investment plan will see a series of high-quality, sustainable real estate projects launched across the emirate over the next few years.

QUBE is highly focused on sustainability, durability, and exceptional design standards as its key competitive advantages. Collaborating with world-renowned architects and trusted local contractors in the market, QUBE plans to create communities that not only enhance the quality of life but also serve as the foundation of growing investment opportunities.

And to facilitate these ambitious project plans, QUBE has already secured over 623,000 sq. ft of land in Dubai. This land purchase comes as the company’s aim is to adapt to market demands and address the evolving needs of supply in the market.

What brought about this large investment?

This massive investment comes at a time when Dubai’s real estate market is experiencing unprecedented growth.

The first quarter of 2024 alone saw a record 35,310 sales transactions, marking a year-over-year increase of over 20%, according to Dubai Land Department data. Plus, off-plan properties have been the hot topic, with transactions rising nearly 24% as buyers flock to secure these newly built off-plan projects.

By focusing on creating high-quality, sustainable communities, QUBE aims to attract both local and international investors. The company’s projects will contribute significantly to Dubai’s urban landscape.

While specific details about individual projects are still under wraps, QUBE has hinted that more announcements will be made soon. These upcoming projects are going to be extended through to Q4 of 2025, to further elevate Dubai’s real estate offerings and cement the city’s status as a premier global investment destination.

Impressive, isn’t it?

Get in touch with our off-plan experts to know more about the city’s upcoming off-plan properties!