Teraciel Properties set to expand presence further in the UAE

Teraciel Properties set to expand presence further in the UAE

- Teraciel Properties is bringing 40 years of expert craftsmanship and experience to the UAE

- Analysts predict continued growth in luxury segments reaching 10-13% in 2024

Dubai, UAE: Teraciel Properties, a distinguished couture property developer, is redefining extravagant living through its design-centric philosophy and unwavering commitment to real estate excellence. As an integral part of the Teraciel Group, founded in 1985, this rapidly growing real estate development company stands out as one of UAE industry leader, transcending current market offerings.

In less than five years since its inception, Teraciel Properties has meticulously crafted each property, reflecting its core values. The recent project, The Imperial in Dubai Hills, secured the record for the highest price per square foot for a non-golf view residence last December. The company's experienced team, guided by the principle of creating homes they would choose to live in, is spearheading Teraciel Properties' success.

With the UAE market focused on billionaire buyers and having sold 176 homes for $845 million in H2 2023 and 219 premium homes in the past year[1], analysts predict continued growth in luxury segments reaching 10-13% in 2024[2], it indicates a rise in demand for super-prime properties worth $30 million and upwards. Teraciel Properties has entered and