CEO of Diyar Development to CNBC Arabia: We are set to deliver 5 projects by 2025, starting in July
In statements published by CNBC Arabia, the CEO of Diyar Development confirmed that the company is preparing to deliver five projects by 2025, starting in July. This initiative reflects Diyar’s commitment to enhancing the real estate sector in the UAE, where the new projects are expected to attract significant interest from both buyers and investors.
Future Development Expectations
The CEO of Diyar Development explained in his interview with CNBC Arabia that the flagship project “Downtown Residences” is expected to achieve sales close to two billion dirhams. This news comes at a time when the Dubai real estate market is experiencing a notable recovery, with increased demand for residential projects. This project is part of Diyar’s vision to meet the growing market needs and achieve sustainability in residential development.
New Projects on the Horizon
In addition to the five projects slated for delivery in 2025, Diyar has also unveiled several new residential projects in Dubai. By investing in engineering innovations and modern design, the company aims to provide unique and appealing living experiences for residents. The CEO emphasizes that innovation and technology are cornerstones of the company’s future growth plans.
Market Response and Investor Sentiment
The positive market reactions to the announcement of the new projects have also been highlighted. As of 10:25 AM, trading on Diyar Development’s shares resumed, indicating growing confidence among investors in the sector. With improving economic conditions, investors continue to look forward to the promising opportunities presented by the company.
Overview of the Dubai Real Estate Market
Dubai is considered one of the most attractive real estate destinations in the region, and with increasing foreign and local investments, the company is expected to continue achieving success. The plan to deliver five projects by 2025 underscores Diyar’s ability to face challenges and adapt to market changes, making it one of the leading companies in the real estate sector. The upcoming projects bring hope for stability and growth in the real estate market.