Developer Plans Five New Projects by 2025 to Capitalize on High Property Demand
Majid Developments, a prominent real estate company with a strong presence in Afghanistan and Turkey, has announced its entry into Dubai’s booming property market. The company plans to invest Dh500 million in five new projects by 2025 to meet the surging demand for residential units, according to CEO Mansoor Majid.
The developer launched its first project, Mayfair Gardens, in Jumeirah Garden City and is set to unveil two additional projects in the same area before expanding into other high-growth communities such as Jumeirah Village Circle (JVC) and Arjan.
“There is strong demand for property in Dubai, particularly from investors in India, Pakistan, Afghanistan, Turkey, and Europe. With the current supply unable to keep up with demand, we see a significant opportunity for growth,” said Mansoor Majid. “As a developer, we are committed to investing in Dubai, with plans to launch at least 20 more projects in the city before expanding into other emirates.”
Mayfair Gardens: A Promising Start
Majid Developments has already seen substantial success with Mayfair Gardens, having sold 40% of units before the official project launch. The development is expected to be completed by June 2026. Following this, the company plans to launch Mayfair 2 and Mayfair 3 in the same Jumeirah Garden City locality.
The units in the Mayfair projects will primarily consist of 1-bedroom and studio apartments, with prices starting at Dh875,000. The developments cater to a growing demand for affordable yet high-quality living spaces in Dubai, a city that continues to attract both local and international investors.
Expansion to JVC, Arjan, and Other Key Areas
Majid Developments’ next projects will be situated in fast-growing areas such as Jumeirah Village Circle (JVC) and Arjan, two communities that have seen rapid development and increased investor interest. The company also has plans to explore other emerging areas such as Dubai South and along the Dubai-Al Ain Road.
“Demand for property is everywhere in Dubai,” said Mansoor Majid. “From Dubai South to Dubai-Al Ain Road, investors are looking for opportunities. We aim to meet that demand with strategically located projects across the city.”
Funding and Future Plans
The company will fully fund the Dh500 million investment from its internal resources, ensuring full control over project development. According to Mustafa Majid, Chief Operating Officer at Majid Developments, the company’s expansion into Dubai’s real estate market is a natural progression given the market’s growth trajectory over the past three years.
“Dubai’s real estate market has been growing rapidly, and we believe it is the right time to establish a strong base here,” said Mustafa Majid. “We plan to build multiple new projects using our current land bank, and we will also acquire more plots in Dubai’s most sought-after neighborhoods.”
Long-Term Vision
With ambitious plans to launch 20 projects in Dubai, Majid Developments is positioning itself as a key player in the city’s real estate sector. The company’s strategic focus on high-demand areas and its ability to meet investor needs suggest it will play a significant role in shaping Dubai’s real estate landscape in the years to come.
As the city continues to grow, both locally and internationally, Majid Developments aims to offer well-designed, affordable housing that appeals to a broad spectrum of investors and residents, ensuring long-term success in one of the world’s most dynamic property markets.
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