The Dubai Tower was sold out within the first hour of launch

On Wednesday, the real estate company London Gate officially launched the sale of the residential skyscraper Maya V, located in the Jumeirah Village Triangle area. All102 apartments were sold within an hour of the start of sales. The construction of the skyscraper is planned to be completed in the fourth quarter of next year. London Gate also presented plans for its flagship projects, including Marina106, Nadine I & II, and Maya V, which will be located in prestigious areas of Dubai. According to recent real estate market research in the UAE, by2026,1800 new residential units are expected to appear in New Dubai, while Central Dubai will see1900 new units in the same timeframe.

"Dubai is an unparalleled place for luxurious real estate projects. At London Gate, our task is to rethink and revitalize the iconic urban landscape of Dubai and set new standards in the industry. We strive not only to meet but also to exceed the constantly changing market requirements. Our projects will cover key areas of Dubai and offer one of the tallest towers with a view of Dubai Marina, unique residences, and extraordinary living spaces in different parts of Dubai and Jumeirah Village. We aim to create a lasting legacy through our unconditional pursuit of exceptional quality, unparalleled style, and a culture of continuous innovation. London Gate will become synonymous with excellence, establishing a new paradigm that will change the perception of luxury living in Dubai," said Eman Taha, General Director of London Gate.

London Gate's upcoming projects promise unique features and amenities, showcasing the company's commitment to excellence.

In Dubai, there is a growing demand for quality residential real estate, driven by the interest of both developers and buyers in prestigious luxury brands. At the launch event, an increase in interest from brokers was noted, with about1200 brokers in attendance. "Ultimately, developers cannot meet the demand at the moment. As long as demand continues to outstrip supply, this market will continue to evolve," said a representative from London Gate. Currently, the project is targeted towards end users. "We are starting at a price of1000 dirhams per square foot, which is why we are attracting such great interest," said the representative, adding that prices are rising to1250 dirhams per square foot. The completion of Maya V construction is nearing completion of the main structure and is about50% complete. "Most launches are planned for delivery in2026 or2027, but this project will be completed next year, which has added interest from end users," said the representative..