Dubai, May 30, 2025 — Emaar Development, a flagship of Emaar Properties, has finalized the purchase of a prime land parcel in Ras Al Khor from Amlak Property Investment for AED 2.9 billion (approx. $789 million), excluding transaction fees. The payment, financed from internal resources, is scheduled for completion by July 31, 2025 .
Why Ras Al Khor?
- Premium Strategic Location: Adjacent to the Ras Al Khor Wildlife Sanctuary, Dubai Creek, and key transport links, the area offers a unique blend of urban sophistication and natural charm.
- Proven Track Record: Emaar’s mega-development, Dubai Creek Harbour, already capitalizes on this setting—this acquisition allows further expansion in the same high-demand corridor.
Strategic Implications
- Portfolio Expansion: This move significantly boosts Emaar’s land bank in high-growth zones, aligning with its goal to launch multiple projects in 2025—12 alone have kicked off in Q1.
- Market Confidence: Coming amid a robust Dubai market—February 2025 saw a 35% increase in transactions to AED 51.1 billion—this acquisition reflects strong buyer interest.
Dubai Market Snapshot
- Record Transaction Volume: In Q1 2025, Dubai recorded 42,273 sales worth AED 114 billion—a 50% rise year-on-year.
- Rising Prices & Rents: Property prices climbed ~8.5% year-to-date; rentals surged by 18% in short-term and 13% in long-term leases.
- Off‑Plan Popularity: Over 60% of sales continue to be off-plan, supported by flexible payment schemes and high appreciation potential.
What This Means for Investors & End‑Users
- Attractive ROI: With rental yields averaging ~7% in Dubai, properties in premium developments adjacent to wildlife and waterfront corridors are well-placed for strong returns.
- Integrated Living: Emaar is known for thoughtfully designed, mixed-use communities with eco-conscious and smart-living features—characteristics likely to be embodied in new Ras Al Khor projects.
