Dubai’s real estate sector is set for a major boost with the announcement of a joint venture between two leading developers, ARA Real Estate and DECA Properties, along with Arabian Hills Estate. This collaboration aims to launch a series of massive residential projects across the UAE, Europe, and even reaching the North Emirates.
The collective effort, named Arabian Hills Estate, envisions tens of billions of dollars in investment. The first phase of the project has already been unveiled, targeting Abu Dhabi with a staggering 244 million square foot development.
Land and Expertise Combined
Arabian Hills Estate, the land owning company, will provide the foundation for these developments. ARA Real Estate will leverage their expertise as the exclusive development and management partner, while DECA Properties will handle all sales and marketing efforts. This strategic partnership combines land ownership with proven development and marketing strengths.
Phased Approach for Large-Scale Development
The entirety of the Arabian Hills Estate project is planned to unfold over 14 phases. With the first phase kicking off in Abu Dhabi, details regarding subsequent phases and their locations are yet to be revealed.
A Positive Sign for the UAE’s Real Estate Market
This large-scale development collaboration signifies confidence in the UAE’s real estate market. The project’s scope, spanning multiple emirates and reaching Europe, highlights the developers’ ambitious vision. With a focus on residential projects, Arabian Hills Estate is poised to add significant housing options across various regions.
Whether you’re a potential resident or a keen observer of the UAE’s real estate landscape, this joint venture by ARA, DECA, and Arabian Hills Estate is certainly a development to watch.
