For the last two decades construction and real estate sector was one the key driving industries empowering the economy of Dubai. Due to increasing local and international demanding in housing market, project developing companies extended in faster pace.
Homist has provided list of top developers in Dubai based on local data and analytics. Note that given shortlist does not necessarily approve of reject any other developing companies.
The emirate of Dubai is known for its larger-than-life real estate developments. Contributing to its position as a global real estate powerhouse is an impressive array of renowned property developers. The iconic Burj Al Arab, the majestic Palm Jumeirah, the awe-inspiring Burj Khalifa – developments like these are just a few examples of what the best real estate developers in Dubai are capable of. For a better perspective, here’s our list of the best real estate developers in Dubai:
TOP 10 REAL ESTATE DEVELOPERS IN DUBAI
1 – EMAAR PROPERTIES
Emaar Properties has been making waves in the UAE’s real estate sector since it was established in 1997. As one of the leading developers in the UAE, Emaar’s interests stretch throughout hospitality, retail, residential and commercial property development. Apart from the United Arab Emirates, the company has a presence across several foreign markets like North Africa and the Middle East.
The Dubai-based developer is responsible for several iconic projects in Dubai. Two jewels in Emaar’s crown are the Burj Khalifa, the tallest building in the world, and Dubai Mall, one of the largest shopping malls in the world. A relatively new addition to their portfolio is the Dubai Opera, which is also the first dedicated opera house in the UAE. Furthermore, Emaar were also the masterminds behind the creation of The Dubai Fountain, a choreographed fountain display which is immensely popular with both visitors and tourists alike.
Apart from hotels and resorts, Emaar’s portfolio also includes several residential communities like Downtown Dubai, Emaar Beachfront, Dubai Marina, Arabian Ranches, The Meadows, The Lakes, The Greens and The Springs.
EMAAR has grown over the years to become the largest real estate developer outside of China. You will be investing with one of the best-regarded brands in the world.
– 51.8BN AED Market Cap
– 6.8BN AED Net Profit
– 85,000+ Residential Units Delivered
– 24.9BN AED Revenue
– 27,000+ Residential Units Currently Under Development
2 – NAKHEEL
Nakheel is another well-known name which is often featured in the list of best real estate developers in Dubai, for good reason. The company’s projects cover a major portion of the country’s real estate sector – spanning across leisure developments, retail, hospitality, commercial and residential projects.
One of Nakheel’s many noteworthy projects is the massive Palm Jumeirah in Dubai. The development of the artificial archipelago was a feat in itself, considering that it added more than 300 kilometres to Dubai’s coastline. It also expanded the city’s real estate sector with hundreds of waterfront resorts, hotels, homes and other attractions.
Aside from the man-made island, Nakheel has a growing range of other notable residential projects to its name. This includes Discovery Gardens, Jebel Ali Village, The Gardens, Nad Al Sheba Villas and International City. Additionally, Nakheel has many popular retail projects in its portfolio, including Nakheel Mall, The Pointe, Dragon Mart, Dragon Mart 2, Ibn Battuta Mall, and Golden Mile Galleria.
3 – DUBAI PROPERTIES
As the property management and development unit of the Dubai Holding Group, Dubai Properties is known for shaping some of Dubai’s most recognisable real estate destinations. Dubai Holding was established in 2004 and has operations in over 13 countries. Collectively, its asset portfolio is estimated to be worth around AED 130 billion.
Their portfolio of projects includes highly acclaimed developments such as JBR (Jumeirah Beach Residence), Dubailand, Business Bay and others. Additionally, the company’s projects also include the freehold residential project Madinat Jumeirah Living and Marsa Al Arab, a luxury tourism and waterfront destination in Jumeirah.
4 – MERAAS
Meraas is a Dubai-based holding company that has launched several developments in multiple sectors including real estate, F&B, retail, entertainment, healthcare and hospitality. It was founded in 2007 and has developed a number of popular projects since its inception. Examples include Boxpark, City Walk, The Outlet Village, The Beach and La Mer.
As one of the top property developers in Dubai, Meraas is also credited for spearheading a diverse range of residential projects in the emirate. These include Port de la Mer, a pristine island community located at the heart of Jumeirah. Other prominent projects by Meraas are Nikki Beach Resort and Spa, Caesars Palace Bluewaters, Bvlgari Resort and Residences.
5 – MEYDAN
A leading project that brings to life the vision of His Highness Sheikh Mohammed Bin Rashid Al Maktoum, the Meydan Group’s impressive Mohammed Bin Rashid City has become one of the most sought-after projects in the city.
From some of the most luxurious family villas in the District 1 community to the stunning Lagoons in MBR city, the signature quality of Meydan’s developments can be seen in multiple residential and commercial projects across the city.
6 – SOBHA
A well-known developer known for its impressive portfolio of luxury properties Sobha Realty has built a strong reputation for quality. The multi-national entity, which also has a presence in Oman, Bahrain, Brunei and India, was established in 1976 by Indian entrepreneur PNC Menon.
The well-known developer in Dubai has some excellent projects in Meydan, including the highly-anticipated projects in Sobha Hartland.
7 – DEYAAR
Deyaar are responsible for several projects that have become integral stalwarts in Dubai’s iconic skyline. Originally founded in 2002, the company has a “paid-up capital” of AED 18.38 million and has seen a rapid rise over the last few decades to become a top real estate developer in Dubai. The company’s service roster covers property development, property management, facilities management and Owners’ Association Management.
Deyaar’s real estate ventures are spread across various prime locations in the city including Business Bay, Dubai Production City, Dubai Silicon Oasis, DIFC and Al Barsha. The company’s commitment to excellence has also won them many awards. For example, it won the ‘Best in Technology and Innovation’ trophy at the Construction Innovation Awards in 2019.
8 – OMNIYAT
Omniyat has achieved several milestones to secure its position as one of the top real estate developers in Dubai. One of their more notable projects is The Opus. Located in the prestigious Burj Khalifa district, the structure’s unique architecture is recognisable by its cube-like structure with an amorphous hole in the centre. Moreover, the structure’s interior is just as impressive. Designed by the late Zaha Hadid, the mirrored glass building houses a hotel, serviced apartments, restaurants and offices.
Another project by Omniyat is The Pad, a high-rise residential building which leans at 6.5°. Other notable projects by the property developer include The Residences, The Binary and Bayswater.
9 – DAMAC PROPERTIES
DAMAC Properties was established in 2002 and quickly rose the ranks to become one of the top real estate developers in Dubai. The brainchild of billionaire businessman Hussain Sajwani, the company delivers commercial and residential projects across Saudi Arabia, Oman, Lebanon, Jordan and the United Kingdom.
As of now, the company has delivered over 26,000 homes with a portfolio of several thousand other units at different phases of growth. A notable development by DAMAC Properties is DAMAC Hills, a premium golf community which offers townhouses, villas and apartments as well as a world-class range of amenities and facilities.
Other residential projects in Dubai by DAMAC Properties include DAMAC Towers, Ghalia Constella, AKOYA by DAMAC, and AKOYA Oxygen.
10 – MAG PROPERTY DEVELOPMENT
Also known as MAG Lifestyle Development (MAG LD), MAG Property Development also earns a place on our list of the top 10 developers in Dubai. The property development arm of the Moafaq Ahmad Gaddah (MAG) Group was established in 2003.
Since its founding, MAG Property Development has become one of the most well-reputed real estate developers in the MENA region. The company specialises in residential real estate like most property developers in Dubai. However, its projects also extend to affordable housing. An example is MAG 5 Boulevard, a low-cost residential community in Dubai South which offers townhouses, villas and apartments.
Other notable projects by MAG Property Development are MAG City Meydan in Mohammed bin Rashid City, MAG 318 in Business Bay, and MBL Residence in Jumeirah Lake Towers.
OTHER NOTABLE DEVELOPERS IN DUBAI
Besides these well known known names, there are some other notable developers in Dubai with a growing portfolio of properties.
- Aldar
- Imkan
- S.L.S Properties
- Akada
- Signature
- Seven Tides
- Dar Al Arkan
- Select Group
- The First Group
- Wasl Properties
- Dubai Investments Real Estate
- Binghatti Developers
- Azizi Developments
- Danube
- Ellington Properties
- Tilal Properties
- Al Futtaim Real Estate
- Majid al Futtaim Real Estate
- Diamond Developers
- Nshama
- Al Habtoor Group
- Bloom Properties
FREQUENTLY ASKED QUESTIONS
IS DUBAI SAFE TO INVEST IN PROPERTY?
In last decade Dubai property market has proved there is great potential for investing in real estate both in terms of ROI and Capital appreciation. On there hand, there are many factors that can lower the risk of investment and make a good fortune which requires deep knowledge like every other market.
CAN EXPATS OR FOREIGNERS BUY PROPERTY IN DUBAI?
Yes, foreign investors and residents are allowed to own property in Dubai’s freehold market, as per the city’s laws. They can benefit from Golden visa if the investment in over 2 million AED.
HOW CAN I BUY PROPERTY IN DUBAI?
Since there are many diversified options for investment, investors are mostly confused with high number of projects when they contact developers, we highly suggest to consult with an experienced real estate professional beforehand.
REALTY HOMIST – Your Trusted Partner in Dubai
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Important Note:
Our reports should be construed as guidance. We assert that any business or investment decisions should not be based purely on the information presented in our reports.