Imtiaz Developments has purchased a plot in Downtown Jebel Ali with an estimated development value of AED 2 billion, signalling continued confidence in Dubai's real estate market amid regional uncertainty.
The site sits within one of Dubai's key emerging growth corridors, with direct connectivity to Palm Jebel Ali and Al Maktoum International Airport. Imtiaz plans to develop the land into a large-scale mixed-use destination, incorporating residential, hospitality, lifestyle and community components.
CEO Masih Imtiaz described the acquisition as a long-term commitment to Dubai's future, citing the city's resilience and stability in navigating challenging conditions.
The deal adds to the developer's active portfolio across Dubai Islands, Dubailand and Meydan, with further project launches expected throughout the year.
Gulf Economist Staff Writer