Imtiaz Developments has purchased a plot in Downtown Jebel Ali with an estimated development value of AED2bn.
The acquisition shows Imtiaz Developments’ continued confidence in the strength, resilience and long-term growth of Dubai’s real estate market, despite the ongoing conflict between the US, Israel and Iran impacting the region.
The newly acquired plot is located within the Downtown Jebel Ali master development corridor, one of Dubai’s key emerging growth zones. The site benefits from connectivity and proximity to major destinations, including Palm Jebel Ali and Al Maktoum International Airport.
Masih Imtiaz, CEO of Imtiaz Developments, said the acquisition reflects a long-term commitment to Dubai’s future. He said: “Dubai has once again demonstrated its resilience and strength in navigating challenges. The leadership, infrastructure and long-term vision of this city have proven that Dubai is built not only for growth but also for stability during uncertain times. Our decision to acquire a strategic development plot in Downtown Jebel Ali reflects our strong confidence in Dubai’s real estate market. We firmly believe that Dubai will continue to evolve and emerge even stronger and we are proud to contribute to that journey.”
