Innovate Living, one of the leading luxury real estate developers, has secured a collection of prime waterfront plots on Dubai Islands in a landmark acquisition, laying the foundation for a long-term AED1.4 billion (USD 400 million) development pipeline.
As Dubai continues to evolve as a global destination, it is attracting investors and high-net-worth individuals, fueling demand for exclusive, boutique waterfront properties that reflect effortless sophistication and innovation. Spanning 17 square kilometres across five islands, this planned enclave offers over 20 kilometres of pristine beaches, lush parks and premium golf courses overlooking the Arabian Gulf.
This expansion, located right across from Downtown Dubai, caters to those looking at luxury living. Its proximity to destinations like J1 Beach and Jumeirah Bay Island further enhances its investment appeal.
Kareem Fahmy, Founder and CEO of Innovate Living, emphasised the strategic vision behind this acquisition, highlighting: “Dubai Islands is an extraordinary opportunity for us to bring ultra-luxury waterfront living to life in a way that reflects our core values of being intentional, curated and design-led in everything we do. This destination offers the rare combination of both beachside serenity and world-class golf courses, making it an exceptional setting for our developments.”
He further added, “We have been particularly impressed by the extensive infrastructure efforts, especially the work being done by the master developer and RTA to enhance connectivity, including bridges that will provide direct access to the heart of the city. Our goal is to create beautiful homes that prioritise residents’ wellbeing and convenience while ensuring long-term value. This acquisition is the next step forward in our journey to elevate residential excellence, delivering unparalleled exclusivity and sophistication.”
Dubai’s real estate transactions reached a record-breaking AED522.5 billion in 2024, marking a 36.5% increase from the previous year. The ultra-luxury segment experienced significant appreciation, with prime residential capital values rising by 6.8% in 2024 and projections indicating growth up to 9.9% in 2025.
Dubai Islands, aligning with the Dubai 2040 Urban Master Plan, is poised for substantial land value appreciation, making it an attractive investment for high-net-worth buyers seeking exclusivity and long-term returns.
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