Reef Luxury Developments to Invest Dh14 Billion in Dubai’s Property Market
Reef Luxury Developments is set to make a significant impact on Dubai’s real estate landscape with plans to invest Dh14 billion across 30 new developments, bringing approximately 5,000 residential units to the market by the end of 2025.
This ambitious initiative comes in response to the unprecedented demand for housing in the city, which has attracted both foreign and local players to its booming property market.
The company has secured a diverse land bank in various locations throughout Dubai and is poised to launch projects worth Dh5 billion within the next three months. Reef Luxury Developments is set to unveil its first residential project in Dubai in the coming days, promising competitive prices that are expected to appeal to a broad range of buyers.
A standout feature of Reef properties is the introduction of temperature-controlled sunken balconies—a developer-patented innovation that allows residents to enjoy outdoor living throughout the year. This cutting-edge technology aims to enhance the living experience by providing comfortable outdoor spaces, regardless of the season.
“We have introduced the first-of-its-kind ‘Sunken Balcony’ technology, transitioning the real estate industry globally,”
said Samer Ambar, CEO of Reef Luxury Developments.
“Our commitment is to create exceptional properties that not only cater to the needs of today’s residents but also anticipate the evolving demands of the future. We are excited to lead the way in shaping vibrant communities that will enrich the quality of life for all.”
To support its commitment to innovation, Reef Luxury Developments has invested over Dh40 million in research and development. This investment is aimed at enhancing the company’s capabilities in technology and design, ensuring it continues to provide added value to customers in a competitive market.
As Dubai continues to experience rapid growth and evolving demands in the real estate sector, Reef Luxury Developments is poised to play a pivotal role in shaping the future of residential living in the city.
News Source: Khaleej Times
