Dubai’s property market continues its upward momentum in 2025, fuelled by a surge of groundbreaking developments and record-setting investor interest. In just the first quarter, real estate transactions reached Dh143.1 billion — a clear indication of the city’s sustained status as a global investment destination. This strong performance is mirrored in a wave of prominent project unveilings this May, each showcasing new levels of luxury and innovation in urban development.
MAAIA, a globally recognised real estate developer celebrated for its European-inspired design excellence, has revealed plans to contribute over Dh5 billion in sales to the UAE market in 2025. This announcement was made during an exclusive launch event at Atlantis, The Royal, where the company introduced two new residential projects — La Vue at Nad Al Sheba Gardens and La Clé in Al Furjan. These projects follow the success of MAAIA’s earlier development, Le Jardin in Abu Dhabi, which sold out completely during its initial concept stage.
La Vue and La Clé pave the way for MAAIA’s upcoming large-scale master community development in Falcon City, Dubai. Altogether, the company will be developing 2.5 million sq ft of Gross Floor Area (GFA) this year. Over the next three years, MAAIA aims to launch around 5,000 residential units, with a total development pipeline valued at over AED 10 billion.
“Our commitment to the UAE remains strong, and we’re excited to expand alongside the nation’s dynamic real estate landscape,” said Mohammed Imran, Founder and Chairman of MAAIA. “We’ve allocated significant investment to our plans for the next three years, during which we foresee continued growth across the UAE property sector.”
Commercial Sector Gaining Momentum
Dubai’s commercial property segment is also experiencing notable expansion.
In 2024, the commercial real estate market recorded a 24% increase, with nearly 3,000 office units sold and total transaction values hitting Dh89.9 billion. This double-digit year-on-year growth is likely to persist, driven by a growing number of businesses registering with the Dubai Chamber of Commerce and a shortage of office space to meet demand.
Across all verticals, Dubai’s commercial sector is experiencing vigorous growth. The city’s strategic positioning, pro-business policies, and ongoing infrastructure improvements continue to draw international firms and investors, reinforcing Dubai’s reputation as a premier commercial centre in the region. According to the 2025 UAE Commercial Construction Industry Report, the sector was valued at Dh156 billion in 2024 and is projected to grow to Dh207 billion by 2030, with a steady CAGR of 4.7%.
In a key development, Dubai-based investment and advisory firm Prospect has partnered with Mulk Properties — the real estate division of global conglomerate Mulk International. This partnership will lead to the creation of a premium commercial project, The LX, in Arjan, valued at Dh350 million. The collaboration also includes One Broker Group (OBG), a top-performing real estate agency in Dubai, which will serve as the project’s exclusive sales partner.
“At Prospect, we’re thrilled to collaborate with Mulk Properties — the real estate arm of Mulk International, a multinational leader in diverse industries across four continents,” said Rohit Verma, Co-founder of Prospect. “Our shared vision is to build high-performance, purpose-built workspaces tailored for the modern entrepreneur. Arjan is one of Dubai’s most promising emerging communities, with a growing mix of residential and hospitality projects. We believe The LX will become a premier address for progressive businesses, and we’re excited about our journey with Mulk Properties.”
Nawab Shaji Ul Mulk, Chairman of Mulk International, added: “Following the success of our mixed-use Zim Cyber City in Harare and the sprawling Ajman Sports Complex, we’re enthusiastic about entering Dubai’s rapidly expanding commercial real estate scene. With Prospect’s strategic involvement, we’re confident The LX will stand out as a top choice for entrepreneurs, retailers, and investors seeking both prestige and functionality.”
Umar Bin Farooq, Founder and CEO of One Broker Group, remarked: “The LX is a glimpse into the future of commercial property. Arjan’s ongoing development and excellent connectivity make this an exceptionally promising location. At OBG, we’ve handled over Dh7 billion in residential sales, and we’re now seeing increasing demand for quality office spaces, particularly in emerging areas like Arjan. The LX offers a complete environment with flexible offices, integrated retail, and F&B outlets — tailored for today’s businesses.”
Tailored to the needs of modern enterprises, The LX will feature 71 boutique office spaces alongside expansive retail units. With well-designed balconies, premium interiors, and a dedicated food and beverage area, the development seamlessly blends sophisticated aesthetics with practical business utility.
