Dubai Islands rise like ‘T Palm’ as wealthy buyers snap up hoterfront homes – developer

Global wealth is increasingly focused on exclusive beach homes as buyers seek to live in the Dubai Islands for privacy, sun and proximity to the difc, says a developer Arabian business.

Buyers from Europe, North America and South America are targeting coastal and island homes that combine privacy, direct ocean access and lifestyle amenities with long-term growth opportunities.

The shift is fueled by a growing pipeline of residential initiatives on Dubai’s islands, an area that is MasterplantPlont Up where developers are compared to the first rise of the Palm Jumeirah.

“They are looking at Dubai Islands as a new destination,” said Ihan Khwaja, director at Liv Developers. “In the palm of your hand, you can’t play around the golf course and then go to the beach and take your boat from the Marina. Dubai Islands presents that opportunity.”

“They want to put their money there now to have this beautiful second home at a much better price than Palm Jumeirah,” he said. “But they know it will turn around as well as what happened at Palm Jumeirah, if not more.”

Beacefront Living Tops Buyer First

The Palm Jumeirah has seen huge price gains in recent years as one of Dubai’s most luxurious and exclusive districts, with prices increasing by more than 140 percent in other prime areas between 2020 and 2023 alone.

Khwaja said buyers are increasingly prioritizing direct beach access through traditional marinas or waterfront properties.

“The appeal of anything to do with the beach is much stronger than the usual water views,” he said. “The speed and the need we had to do anything with the ocean, whether you’re actually on the beach or being able to walk on the ocean, was very intense.”

He added that European consumers in particular are looking for “sea-to-sea attachments”.

Khwaja said the islands of Dubai have matured “in this beautiful water area”.

“You can actually visit the islands of Dubai today,” he said. “You have a beautiful beach. It’s one of the best in Dubai. It has calm water, crystal clear, sheltered cove.”

He pointed to a masterplan now in full swing that includes marinas, beaches, parks, progressive golf courses and new road links.

“Now you’ve got marinas that are full, golf courses that are going on, beaches that are there and parks that are there,” said Khweja. “And now you have the new RTA Bridge going up and connecting the islands of Dubai towards Deira and the Difc Corridor.”

Waterfront Homes Debut in Dubai Islands

Liv Developers launched Liv Oceanside on Tuesday, a new residential tower in Marina Waterfrows of Dubai Islands, for around Aed4 million, according to Khwaja, with larger heads and panels

Khwaja said buyers are now looking at islands in Dubai both as trophy property and as a place to live.

“They definitely want trophy equipment,” he said. “We have a lot of buyers who want to say, ‘I want to have the best apartment on the islands of Dubai.'”

At the same time, demand is driven by end users.

“They consider it as their second home,” said Khwja. “They look at it as a place to live. They ask about schools. They ask about health city. They ask about difc.”

He said this does not eliminate the idea of ​​investing.

“They know they will be able to put it to rent or give a yield because of its proximity to Healthcare City, Jumeirah, difc, downtown and connectivity,” he said.

Khwaja said buyers believe they are entering the Dubai islands in the same category as Palm Jumeirah in its previous years.

“When the Government puts forward this as a masterplan and things are already being built and the beach is already there, it sees it as the future,” he said.

At the same time, renewed activity is also emerging in the development of the Islands of the World, where residential projects for Ultra-Private Rest and Hospitality are now under construction following more than ten years of limited activity.

Arabian business It was previously reported that many islands in the World Islands have been sold for up to AED588 million, with prices ranging from AED50 million to AEDRA, as very wealthy buyers who have just returned following more than a decade of successful work.