The real estate market in the Emirate of Dubai is known for its large-scale and extremely fast development. An impressive array of renowned developers has helped Dubai earn the title of a global real estate hub. The iconic Burj Al Arab, the mind-blowing Palm Jumeirah and the awe-inspiring Burj Khalifa are just a few examples of what Dubai’s top property development companies can offer.
Dubai’s real estate development companies offer all types of property to buy in one of the most vibrant cities in the world. From spacious studio units and 1, 2, 3, 4 and 5-bedroom apartments, full-floor penthouses and duplexes to luxury waterfront villas and townhouses, you will find properties for all tastes and budget. However, when considering buying a property in Dubai, the question is not only what type of property to choose, but it is also important to select a trusted developer. Ax Capital collected for you the top 10 developers in Dubai.
Emaar Properties was founded in 1997. As one of the leading developers in the UAE, Emaar focuses on hospitality, retail, residential and commercial real estate sectors. In addition to the United Arab Emirates market, the company has implemented some projects in the overseas markets such as North Africa and the Middle East.
The Dubai-based developer is the author of a number of landmark projects in Dubai. Two pearls in the Emaar crown are Burj Khalifa, the tallest residential tower in the world, and the Dubai Mall, one of the world’s largest shopping centres. A relatively new addition to their impressive portfolio is the Dubai Opera, the first dedicated opera house in the United Arab Emirates. The Emaar designers and engineers were also responsible for the Dubai Fountain and the choreographed fountain show, which is immensely popular with locals and holidaymakers.
Emaar’s top residential developments include Downtown Dubai, Emaar Beachfront, Dubai Marina, Arabian Ranches, The Meadows, The Lakes, The Greens and The Springs.
Omniyat has gained its position of one of the best real estate developers in Dubai thanks to its world-known projects. One of them is The Opus. Located in the prestigious district of Burj Khalifa, the building’s unique architecture is easy to recognise thanks to its unique cube-like structure with an amorphous hole in the center. This enchanting mirrored glass building, designed by Zaha Hadid, features a hotel, apartments, restaurants and offices.
In addition to the legendary Opus, Omniyat’s top residential projects include The Residences, The Binary and Bayswater.
Meraas is a Dubai-based holding company that has launched several developments in various sectors including real estate, retail, entertainment, healthcare and hospitality. Founded in 2007, the construction company has developed dozens of popular projects. For instance, Boxpark, City Walk, the Beach and La Mer.
As one of the leading real estate developers in Dubai, Meraas is also credited for developing a wide range of residential projects in the emirate. These include Port de la Mer, an unspoiled island community located in the heart of Jumeirah Island. Other worth considering projects by Meraas include Nikki Beach Resort and Spa, Caesars Palace Bluewaters, Bvlgari Resort and Residences.
Founded in 2004, Dubai Properties has already developed residential projects in over 13 countries. Currently, the company’s portfolio of assets is estimated at about AED 130 billion.
Their highly praised projects include Jumeirah Beach Residence (JBR), Dubailand, Business Bay, Madinat Jumeirah Living and a luxury tourism and waterfront destination Marsa Al Arab. All of these projects are freehold areas, which means that foreigners can buy property there.
Nakheel is another well-known name that appears frequently on the list of Dubai’s top real estate developers, for good reason. The company’s projects cover most of the country’s real estate sector, including leisure facilities, retail, hospitality, commercial and residential projects.
One of Nakheel’s most notable projects is the massive artificial island of Palm Jumeirah in Dubai. The creation of this man-made archipelago was a real feat considering it added over 300 kilometres to Dubai’s coastline.
Apart from the man-made island, Nakheel has to offer a growing range of luxury projects. They include Discovery Gardens, Jebel Ali Village, The Gardens, Nad Al Sheba Villas and International City, as well as Nakheel Mall, The Pointe, Dragon Mart, Dragon Mart 2, Ibn Battuta Mall, and Golden Mile Galleria.
Established in 2002, DAMAC Properties has quickly jumped to the top list of the Dubai’s real estate development companies. Today, it is one of the largest market players in Dubai, which specialises on luxury property projects. The annual revenue of the company reaches over AED 2 billion USD.
The developer offers high-end residential properties and it has recently expanded into the hospitality sector with its subsidiary – DAMAC Hotels and Resorts.
The key development projects include DAMAC Towers by Paramount and DAMAC Heights.
Having started as a subsidiary of the Dubai Islamic Bank in 2002, Deyaar Properties is an independent company today.
Most of the Deyaar Properties projects are residential and commercial high-rise complexes in Dubai. However, the company also provides property management services. Mayfair Tower, Central Park and the Atria are among the most famous projects by Deyaar.
The First Group is a large international real estate construction company with over 30 years of experience in the property market. Although the company operates worldwide, the head office is located in Dubai.
The First Group is one of the very few developers who has projects of almost all types – from entry-level to high-end options, from small to large and from cheap to expensive properties.
The company has also been involved in construction of several hotels in partnership with famous brands. Some of the First Group projects won prestigious awards for best residential high-rise development.
The key projects by the First Group include The One, Dolphin Tower, Avalon Tower and Sky Bay Hotel.
The company was founded in 2003. Since then, the company managed to reach one of the top positions in the property development market in the Arab region.
Today, the company occupies the 18th place among the real estate developers in the Middle East and its CEO is considered as one of the most influential young CEOs in this region as well as around the world.
However, MAG specialises in mostly high-end residential developments, the company offers a set of affordable housing projects across the UAE.
The key projects of the company include MBL Residence, MAGEYE, MAG 5 Boulevard, MAG318 and MAG230.
Launched in 2007, Azizi Development is a relatively new player in the Dubai construction market. Although the company experienced a challenging start due to the Global Financial Crisis, in 2013 Azizi Developments managed to become one of the leading developers.
The company is currently responsible for over 200 projects. One of these projects is the famous Riviera waterfront property. The portfolio of Azizi Developments also includes a range of smaller yet highly successful projects, for instance the two key developments in Dubai Healthcare City.
Thanks to the company’s rapid growth and top-quality projects, Azizi Developments has become the winner of several real estate awards – the Best Developer at the Design Middle East Awards, Developer of the Year at the Construction Innovation Awards to name a few.
Our top 10 is just a small part of property developers operating in Dubai. In fact, there hundreds of them and if they are not included into our top list, it does not make them less trustworthy.
However, buying property is always a very serious business and you should do proper research before investing your money in one of the projects, regardless of whether you are buying an off-plan or ready-to-move-in option.
Here our top tips that will help you make the right choice:
Ax Capital hand selects the hottest property deals from the leading development companies in Dubai to ensure our customers the highest quality of housing as well as luxurious lifestyle and profitable investment. All you need to do is to get in touch with us and tell us what you are looking for or what your goal is (buy to let or buy to live), and our experienced real estate experts will guide you through the best offers matching your requirements and goals.
Working with our luxury real estate agency in Dubai, you get a comprehensive set of real estate services, including assistance in selecting a property, its viewing (remotely or on site), arranging paperwork and applying for a mortgage loan. After you become a property owner in Dubai, our team will also be happy to provide you with the top-notch after-sales services.
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