Dubai – November 23: Dubai’s real estate market has experienced unprecedented growth in 2024, reaffirming the emirate’s status as a global investment hub. Key drivers such as economic stability, strategic government initiatives, and a surge in domestic and international demand for premium residential and commercial properties have propelled the sector forward. Reports reveal a 12% increase in total property transactions compared to the same period last year, with total real estate investment values rising by 15%.
Foreign investors, particularly from Asia and Europe, continue to dominate the market, complemented by growing interest from local buyers in luxury and high-end developments. This trend highlights Dubai’s appeal as a destination for quality, stability, and growth potential.
Amid this dynamic landscape, KeyMavens Group celebrated the successful handover of its latest luxury residential project, Terraces Marassi Drive, a landmark development in the heart of Dubai’s Business Bay. Built to the highest standards of quality and luxury, the project represents an investment exceeding AED 400 million. With breathtaking views of the Dubai Canal and Burj Khalifa, Terraces Marassi Drive offers an exclusive living experience, featuring private pools, a state-of-the-art fitness center, and wellness-focused amenities such as oxygen rooms, Himalayan salt rooms, and ice rooms.
Munthir Al Ali, Chairman of KeyMavens Group, emphasized the group’s commitment to excellence and innovation, stating, “Our investments over the past three years have surpassed AED 1 billion, reflecting our confidence in Dubai’s robust real estate market. Terraces Marassi Drive is a testament to our dedication to creating meaningful spaces that blend luxury, comfort, and well-being.”
KeyMavens isn’t stopping there. The group is preparing to launch its next big project in Al Jaddaf, valued at AED 340 million and expected to be completed by late 2027. On top of that, KeyMavens is expanding its footprint in the retail sector with developments like The Villa Square and Liwan Mall, catering to Dubai’s growing demand for mixed-use spaces.
Commenting on the market’s trajectory, Al Ali added, “Dubai’s real estate market has consistently demonstrated resilience and recovery. In 2023, residential property prices rose by 8%, and we expect this positive trend to continue through 2025, with prices forecasted to grow by 5-7%. This reflects the unwavering confidence of both local and international investors in the emirate’s real estate sector.”
With a steadfast focus on creating transformative lifestyle experiences, KeyMavens remains at the forefront of Dubai’s luxury real estate market, delivering exceptional projects that redefine modern living and investment potential.
