Beachfront destinations are fueling UAE’s prime real estate growth projects

Beachfront destinations are fueling UAE’s prime real estate growth projects

- Prices for luxury properties in Abu Dhabi surged by around 13% in 2022

- Unique Properties will facilitate transactions for Eagle Hills’ $3.5 billion mega-project

Dubai, UAE: Unique Properties, one of Dubai’s leading real estate agencies, has observed an increase in demand for waterfront properties in the UAE. This global trend accelerated during the COVID-19 pandemic as high-net-worth (HNW) investors began flocking overseas to quarantine in more desirable climates. Interest in such developments in the UAE’s prime real estate market has steadily maintained and projects that have been in planning are now officially launching, or are about to soon.

While Dubai witnessed a price appreciation of 44% in its prime market in 2022, Abu Dhabi saw the most significant price increases with demand for waterfront homes fueling this growth; prices for luxury properties have reported surges of up to 13% for both apartments and villas in the UAE’s capital. Saadiyat Island was a notable standout performer as its average price per square foot for villas increased by 12.7% while apartments in this area also appreciated by 13.7%. This growing demand for waterfront properties has placed the country, and its capital Abu Dhabi in particular, on a solid growth trajectory.

Earlier this month, a