Dubai luxury real estate has stabilised, says Deyaar CEO

Dubai luxury real estate has stabilised, says Deyaar CEO

Demand for mid-segment and affordable properties will increase in the coming months as luxury real estate prices start to stabilise, according to Saeed Al Qatami, CEO of the Dubai master developer Deyaar Development.  “This is a segment that will see more demand and an increase in prices. Luxury has stabilised,” Al Qatami said. Last month […]

Interview with Saeed Al Qatami

Demand rising for mid-range property

Company to launch in Abu Dhabi

Demand for mid-segment and affordable properties will increase in the coming months as luxury real estate prices start to stabilise, according to Saeed Al Qatami, CEO of the Dubai master developer Deyaar Development. 

“This is a segment that will see more demand and an increase in prices. Luxury has stabilised,” Al Qatami said.

Last month Deyaar launched a AED750 million ($204 million) residential project, Eleve, in Downtown Jebel Ali in Dubai, scheduled to be completed in 2027.

The company will also be announcing the launch of another affordable low-rise residential project in the second half of this year.

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Later this year Deyaar will launch its first project in Abu Dhabi on Reem Island, joining developers such as Aldar that are expanding beyond their