In an exciting announcement for the real estate sector, European real estate developer MAAIA has unveiled plans for a substantial project pipeline valued at $2.72 billion in the UAE. This initiative is set to reshape the Dubai skyline and contribute significantly to the local market. With grand visions for luxurious living spaces, MAAIA is on track to enhance the UAE real estate landscape over the next few years.
MAAIA has set its sights on generating AED5 billion ($1.4 billion) in sales within the UAE market by 2025. This bold move was disclosed during a discreet launch event held at Atlantis, The Royal. At this gathering, MAAIA showcased two remarkable residential projects located in Dubai:
Residential Developments in Dubai
The first project, La Vue, is situated in Nad Al Sheba Gardens, while the second, La Clé, is in the Al Furjan community. Both developments are significant additions to MAAIA’s growing portfolio, following the impressive sell-out of the Le Jardin project in Abu Dhabi during its concept phase.
La Vue and La Clé are precursors to MAAIA’s larger endeavor to develop a master community in Dubai’s Falcon City later this year. Across all current projects, MAAIA aims to create 2.5 million square feet of gross floor area (GFA). In the next three years, the developer plans to launch nearly 5,000 units, further solidifying its $2.72 billion UAE project pipeline.
Investment in the UAE Real Estate Market
With over 15 years of expertise in luxury development spanning Europe, Asia, and the Middle East, MAAIA is well-positioned to make waves in the competitive UAE market. Mohammed Imran, the Founder and Chairman of MAAIA, expressed enthusiasm for the company’s plans: “The UAE is an incredibly important market for us, and we are proud to grow with the country’s unparalleled real estate landscape. We have earmarked substantial investment and mega plans for our business over the next three years, during which we anticipate the UAE real estate sector will continue its upward trajectory.”
Project Features and Completion Dates
La Clé offers a diverse selection of one, two, and three-bedroom residences, including exclusive apartments with private pools. Pricing for these units starts at AED1,081,000 ($294,000), with anticipated completion scheduled for Q4 2026.
La Vue marks the latest entry to MAAIA’s residential collection and is currently available for purchase. This development will provide luxurious apartments in the upscale Nad Al Sheba Gardens community, with prices starting at AED1,685,000 ($459,000) and a handover expected in Q2 2027.
As MAAIA progresses with its impressive $2.72 billion UAE project pipeline, the company is poised to significantly impact the region’s luxurious residential offerings, establishing itself as a key player in the real estate market.