London Gate’s launches on Tuesday have generated significant interest from investors. Maya V, a residential tower developed by London Gate, sold out within just one hour of its official launch on Wednesday. This 102-unit tower, located in Jumeirah Village Triangle, is expected to be completed in the fourth quarter of next year.
London Gate has also announced plans for its flagship ventures, including Marina 106, Nadine I & II, and Maya V. These developments will be situated in highly sought-after locations in Dubai.
According to recent studies on the UAE real estate market, there are projected to be 1,800 new units in New Dubai and 1,900 upcoming units in Central Dubai by 2026.
Dubai is recognized as an exceptional destination for top-tier real estate ventures. London Gate aims to redefine and revitalize the city’s iconic skyline and property landscape, setting new industry standards. The company is committed to not only meeting but surpassing the ever-changing demands of the market. Their developments will cover Dubai’s prominent hotspots and include one of the tallest buildings overlooking the Dubai Marina, making it truly unique.
branded residences, along with extraordinary residential spaces across Dubai land and Jumeirah Village. We aim to create an enduring legacy through our relentless pursuit of exceptional quality, unparalleled style, and a culture of continuous innovation. London Gate is poised to become synonymous with excellence, setting a new paradigm that reshapes the narrative of luxury living in Dubai,” said Eman Taha, CEO of London Gate.
The upcoming projects by London Gate promise exceptional features and amenities, exemplifying the company’s commitment to excellence. Marina 106, situated in Dubai Marina, will soar 434 meters high, offering 649 luxurious living spaces, including one to four-bedroom apartments and deluxe duplexes, with breathtaking city views. Nadine I & II, inspired by the architectural wonders of Venice and Rome, will create a vibrant community in Al Furjan, while Maya V in JVT will provide interconnected living spaces designed for families, offering 1, 2, and 3-bedroom homes.
A surge in the demand for quality residential properties in Dubai is evident, with a strong momentum fuelled by growing interest from both developers and buyers in the esteemed luxury and premium brands.
The launch event witnessed a significant increase in broker interest, with nearly 1,200 brokers in attendance. According to a spokesperson from London Gate, the developers are currently struggling to keep up with the demand for their project. As long as the demand continues to exceed the supply, this market will persist.
The project is currently focused on attracting end-users. The spokesperson stated that the launch prices start at Dh1,000 per square foot, which has generated a great deal of interest. Additionally, the prices are expected to rise to Dh1,250 per square foot.
Maya V’s superstructure is almost 50% complete, indicating significant progress. Unlike most other projects scheduled for delivery in 2026 or 2027, this particular project will be completed next year. This accelerated timeline has further contributed to the interest from end-users.