Reflecting on a Month of Milestones and Market Growth
It all begins with an idea.
November has been an exceptional month for Choucair Capital as we continue to strengthen our position in Dubai’s thriving real estate market. Here's a look back at our key achievements and industry highlights from this month.
Park Ridge Progress
This Dubai Hills Park Ridge project proved to be a huge success this month. After indicating to their investors that they would acquire and sell this unit within 4 months, they achieved exactly that. This secured all investors capital and return within less than 6 months. Although this was a unique circumstance in this sellers market, Choucair Capital has proven the strength of their network in Dubai real estate and demonstrated their ability to capitalise quickly on a great opportunity.
Princess Tower Success
This month, their Princess Tower renovation project sold at a record-breaking price/sqft for the building, showcasing the quality of their upgrades and understanding of the end users' preferences. This stylish and modern apartment sold less than 3 weeks after coming to market for the target sale price they had predicted when taking on the project. Again, securing capital and returns to their investors within 6 months and setting a precedent of achieving their goals and over-delivering in all aspects.
Mira Oasis 2 Development
November has been a huge month of progress for Choucair Capital in Mira Oasis 2. Renovation works have reached 50% completion, with the swimming pool fully installed and material selections finalised. Work is progressing on schedule and is expected to do so until completion in January. Mira Oasis continues to attract more families in the months leading up to the new year, ahead of the opening of Dubai British School in September.
Dubai Real Estate Market Overview
Dubai’s property market has had an extraordinary year, with November 2024 marking further growth. According to data from the Dubai Land Department, the market has seen record-breaking transaction volumes, with total sales reaching AED 122.9 billion in the first half of 2024. New projects like Dubai Creek Tower and master communities such as Emaar’s The Oasis are generating immense interest from both local and international investors
Key trends include:
Rising Property Prices: Popular areas such as Dubai Hills Estate and Jumeirah Village have seen prices increase by up to 40% for mid-tier apartments.
Strong ROI Potential: Luxury and suburban properties, like those in DAMAC Hills and Mudon, continue to offer attractive returns on investment
Overall, November has been a huge month of record-breaking success for Choucair Capital and Dubai real estate. Choucair Capital is poised for further growth in December and has demonstrated a track record of delivering on its promises and making smart decisions for the benefit of its trusted investors.