ACUBE eyes huge potential in Dubai market

January 29, 2024 | Gulf Today

ACUBE Real Estate Development, a rapidly expanding real estate development company, sees huge potential in Dubai property market.

“We are already present in India, London and Eastern Europe but due to the launch of Golden Visa initiative and 100 per cent ownership rules, we have firmly decided to invest in the property sector in Dubai.

This was stated by Ramjee Iyer, Chairman and Managing Director of ACUBE Real Estate Development, during an exclusive interview with Gulf Today, adding that ACUBE aims to develop and sell 1 million square feet by 2025.

Iyer echoed that they have already launched Adhara Star, a 17-storey luxury residential tower in Arjan, is on track for handover by Q1 2025 and are also planning to launch one more project by year-end and around two to three projects next year in UAE.

“Our mission is to create exceptional living spaces that transcend the ordinary, enrich lives and reshape the concept of modern living, infused with innovation and guided by sustainable practices; we are dedicated to crafting developments that mirror our unwavering commitment to excellence and integrity,” Iyer added.

He mentioned that ACUBE’s management team brings over 2 decades of real estate investment and construction expertise in Europe, India, and the Middle East. We have a deep understanding of global real estate dynamics along with a strong vision for our role in Dubai’s continued transformation towards better, smarter, more sustainable developments.”

“As Dubai’s growth momentum and its appeal as one of the happiest, safest cities in the world continues to attract global property buyers, we will see demand for high-quality, well-built residential units remain high. This gives us the opportunity to demonstrate our capability and to amplify Dubai’s urban evolution through the creation of spaces that reflect the essence of luxury, functionality, and elegance,” added Iyer.

“As we navigate through tempestuous times in the financial markets, world-class sophisticated investors continue to take long-term position in Dubai real estate market.”

“Dubai real estate is the new global currency. Strong, stable and solid returns for the long run.

“The global trends will continue to buttress Dubai real estate market with High Net-Worth-Individuals taking position in Dubai as the real estate market in Dubai in 2023 is expected to continue to upsurge due to strong demand and tangible asset class.” Iyer concluded.