Strong Investor Interest Ignited by Tuesday’s Launch of London Gate
Maya V, a residential tower developed by London Gate, achieved an extraordinary milestone by completely selling out within just one hour of its official launch on Wednesday. This 102-unit tower, located in the Jumeirah Village Triangle, is slated for completion in the fourth quarter of the following year.
London Gate unveiled its flagship projects, including Marina 106, Nadine I & II, and Maya V, strategically positioned in sought-after Dubai locations. Recent studies on the UAE real estate market project 1,800 new units in New Dubai and 1,900 upcoming units in Central Dubai by 2026.
Eman Taha, CEO of London Gate, expressed the company’s vision to reshape Dubai’s iconic skyline and property landscape. Their commitment is to surpass market demands by developing exceptional properties in prominent locations, such as the tallest building overlooking Dubai Marina, branded residences, and unique residential spaces across Dubai and Jumeirah Village.
London Gate’s upcoming projects showcase outstanding features and amenities, with Marina 106 soaring to a height of 434 meters and offering 649 luxurious living spaces. Nadine I & II draw inspiration from the architectural wonders of Venice and Rome, creating a vibrant community in Al Furjan. Meanwhile, Maya V in JVT provides interconnected living spaces for families, offering 1, 2, and 3-bedroom homes.
The demand for quality residential properties in Dubai has surged, driven by growing interest from both developers and buyers in luxury and premium brands. The launch event witnessed significant broker interest, with nearly 1,200 brokers attending.
The project primarily targets end-users, offering competitive pricing starting at Dh1000 per square foot and inching towards Dh1250 per square foot. Maya V’s construction has reached the halfway point, positioning it as a project scheduled for delivery next year, ahead of many others in the market.
In conclusion, Maya V’s rapid sell-out and London Gate’s commitment to delivering exceptional developments reflect the thriving real estate market in Dubai, where demand consistently outpaces supply.