In order to profit from the high returns on the real estate market in the emirate, foreign developers keep entering it.
Swank Development, a Portuguese company, has made an investment of over Dh300 million in a new high-end residential project located in the Meydan neighborhood of Dubai.
The Portuguese company is in negotiations with master developers to create more projects in Mohammed bin Rashid City, Meydan, with a focus on ultra-luxury villas.
Our initiatives will clear the path for a more sustainable and greener future. General Manager of Swank Development Prasenjit Ghosh stated, “We are not here to fill houses; rather, we are here to create homes that resonate with the needs of the residents.” The Meydan project is scheduled to be finished in the first quarter of 2026, and he promised to disclose more information about it soon.
In order to profit from the high returns in Dubai’s real estate market, foreign developers keep coming in. Three new players have entered Dubai’s maturing real estate market: European developer R.evolution, Switzerland-based DHG Properties, and India’s Skyline Builders.
Ghosh claimed that the reason they decided to start operations in Dubai was because of its robust economy, cutting-edge infrastructure, and high level of safety and security, which set it apart from other localities.
The government’s relaxed tax, regulation, and lifestyle policies are drawing developers from Europe. Because of its infrastructure, safety, and security, Dubai has always shone,” he remarked.
Ghosh claimed that the reason they decided to start operations in Dubai was because of its robust economy, cutting-edge infrastructure, and high level of safety and security, which set it apart from other localities.
The government’s relaxed tax, regulation, and lifestyle policies are drawing developers from Europe. Because of its infrastructure, safety, and security, Dubai has always shone,” he remarked.
Head of Sales at Swank Development Moustafa Elsaid stated that developers are driven to create urban environments that embody customized luxury due to Dubai’s reputation as one of the world’s happiest and safest cities and its capacity to draw in foreign investment.
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