Dubai’s property market continues to surge in 2025, driven by a wave of ambitious new developments and record-breaking investor interest. In the first quarter alone, real estate transactions soared to Dh143.1 billion, underscoring the emirate’s enduring appeal as a global investment hub. This momentum is reflected in a series of high-profile project launches this May, each redefining luxury and innovation in urban living.
MAAIA, a global real estate developer renowned for its European-inspired craftsmanship and dedication to excellence, has announced plans to bring over Dh5 billion in sales to the UAE real estate market in 2025. This announcement was made at a closed-door launch event held at Atlantis, The Royal, where two of their latest residential projects in Dubai were unveiled — La Vue in Nad Al Sheba Gardens and La Clé in Al Furjan. These flagship projects follow the recent success of MAAIA’s Le Jardin development in Abu Dhabi, which achieved a complete sell-out during its concept phase.
La Vue and La Clé precede MAAIA’s upcoming mega project of building a master community in Dubai’s Falcon City this year. With all these projects, MAAIA aims to develop 2.5 million square feet of Gross Floor Area (GFA). Over the next three years, the company plans to roll out nearly 5,000 units, with a development pipeline exceeding AED 10 billion, setting a robust foundation for sustained growth.
“The UAE is an incredibly important market for us, and we are proud to grow with the country’s unparalleled real estate landscape,” says Mohammed Imran, Founder & Chairman of MAAIA. “We have earmarked substantial investment and mega plans for our business in the next three years, during which we expect the UAE real estate sector to continue its upward trajectory.”
New Project Sees Opportunity in Luxury Commercial Realty
The commercial property space in Dubai is also witnessing strong activity. In 2024, the Dubai commercial property market recorded a 24% jump in growth, with almost 3,000 office units sold, resulting in transactions valued at Dh89.9 billion. This double-digit year-on-year growth pattern is expected to persist as more companies register with the Dubai Chamber of Commerce, amidst a pressing demand for office spaces.
Dubai’s commercial real estate market is experiencing dynamic growth across all sectors. The city’s strategic location, business-friendly policies, and ongoing infrastructure developments continue to attract global investors and businesses. According to the UAE Commercial Construction Industry Report of 2025, the sector was valued at Dh156 billion in 2024 and is projected to reach Dh207 billion by 2030, reflecting robust growth with a compound annual growth rate (CAGR) of 4.7%.
Prospect, a Dubai-based real estate investment and advisory firm, has entered into a strategic partnership with Mulk Properties, which is part of a global industrial conglomerate with diverse business ventures. This collaboration formalizes the development of a premium commercial project in Dubai named The LX, valued at Dh350 million, located in the heart of Arjan. The partnership also includes One Broker Group, an award-winning agency in Dubai focused on developers, as the exclusive sales partner for this ambitious project.
“At Prospect, we are proud to partner with Mulk Properties — the real estate development arm of the global conglomerate Mulk International, known for their innovation, scale, and leadership across businesses on four continents,” shares Rohit Verma, Co-founder of Prospect. “Our vision aligns deeply with our partners, and we aim to create purpose-built, high-performance workspaces that cater to the next generation of business owners. Arjan is one of the most exciting emerging districts in Dubai, boasting a consistent pipeline of residential and hospitality developments. We believe The LX will evolve into a signature address for modern businesses in Dubai.”
“After our state-of-the-art mixed-use development in Harare, Zim Cyber City, and the Ajman Sports Complex spread across 1 million square feet, we are exhilarated to explore the Dubai commercial real estate market, which is experiencing exponential growth,” declares Nawab Shaji Ul Mulk, Chairman of Mulk International. “With Prospect’s strategic involvement, we are confident that The LX will become a destination of choice for forward-thinking entrepreneurs, retailers, and investors seeking both prestige and practicality.”
Umar Bin Farooq, Founder & CEO of One Broker Group (OBG), adds, “The LX represents the future of commercial developments. Arjan’s growth trajectory and connectivity render this project one of incredible promise. At OBG, we have successfully transacted over Dh7 billion in residential sales and believe this sector is primed for strong demand—especially in underserved locations like Arjan. Businesses are looking for elevated, flexible office environments, and The LX delivers exactly that, with its premium finishes, retail integration, and food and beverage offerings, creating a complete ecosystem for both investors and end users.”
Designed to meet the evolving demands of modern businesses, The LX will feature 71 boutique office spaces and spacious retail units. Generous balconies, refined finishes, and a dedicated food and beverage hub will ensure that the project balances clean, modern design with practical commercial functionality.
