Indian Real Estate Firm to Invest Dh2b in Dubai

The first set of real estate projects by Zoya Developments are situated in Furjan, Dubai Islands, and JVT

July 11, 2024 | Staff Reporter | India | Developers

Indian Real Estate Firm to Invest Dh2b in Dubai

Well-known Indian real estate developer, Zoya Developments, has declared that it will be entering the UAE market and investing more than Dh2 billion over the next three years. With a projected handover in 2026, their first project in Dubai’s thriving Furjan area has been unveiled to commemorate this historic entry.

The first developments by Zoya Developments in Dubai are expected to set new standards for residential living and are situated in prosperous areas like Furjan, Dubai Islands, and JVT. These soon-to-be-unveiled projects will have open floor plans, integrated outdoor areas, and state-of-the-art smart home technology—all created with the needs of the client in mind.

Zoya Developments has established a remarkable reputation in the Indian real estate market for the past 14 years, having developed over two million square feet of prime real estate and delivered over 100,000 units.

“Dubai’s dynamic growth, visionary leadership, and forward-thinking initiatives have made it an ideal destination for our foray into this market. The acquisition of prime land in top-rated areas like Furjan, Dubai Islands and JVT, underscores our commitment to creating community-centric living environments in strategic locations.”

Imtiaz Khan, Founder & Managing Director of Zoya Developments

Farooq Khan served as the founder of Zoya Developments. Executive Directors Shoaib Khan and Imtiaz Khan, who represent the company’s second generation, are driving Zoya Developments’ expansion into Dubai. Zoya Developments is committed to creating enduring legacies through careful design, environmentally friendly construction methods, and a thorough understanding of client needs.

“Dubai’s dynamic growth, visionary leadership, and forward-thinking initiatives have made it an ideal destination for our foray into this market. The acquisition of prime land in top-rated areas like Furjan, Dubai Islands and JVT, underscores our commitment to creating community-centric living environments in strategic locations,” said Imtiaz Khan, Founder & Managing Director of Zoya Developments.

Budget-friendly Luxury

According to Shoaib Khan, the business will aim to target first-time customers by offering enticing payment plans and tapping into the market for reasonably-priced luxury. Working in tandem with top architects and designers, the company crafts aesthetically pleasing and incredibly practical spaces that surpass fads to improve liveability. The incorporation of smart home technologies guarantees residents convenience, security, and customization. Sustainability is yet another pillar of Zoya’s strategy.

In recent years, Dubai’s real estate market has experienced rapid expansion. Suburban areas like Furjan, which have a strong sense of community and are well-connected, appeal to buyers. Developers are starting new projects that cater to buyers who prefer these areas after noticing this trend. This gives consumers access to areas that will soon gain popularity among homeowners and renters in the upcoming years, in addition to providing them with new options in developing areas at reasonable prices.

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