Dubai Tower Achieves Instant Sell-Out within First Hour of Launch.

London Gate's Maya V residential tower in Jumeirah Village Triangle achieved a remarkable sell-out within just one hour of its official opening on a Wednesday. This 102-unit tower is set to be completed by the fourth quarter of 2024.

London Gate, a prominent real estate developer, unveiled ambitious plans for its flagship projects in prime Dubai locations, including Marina 106, Nadine I & II, and Maya V.

According to recent studies in the UAE real estate industry, New Dubai anticipates the addition of 1,800 new apartments by 2026, while Central Dubai is expected to offer 1,900 new units within the same timeframe.

Eman Taha, CEO of London Gate, emphasized the company's commitment to redefining Dubai's skyline and property landscape. London Gate aims to exceed market demands by delivering exceptional quality, unique style, and continuous innovation across Dubai's key areas. The company's developments include some of the tallest buildings in Dubai Marina, one-of-a-kind branded residences, and exceptional residential spaces throughout Dubai.

London Gate's forthcoming projects, such as Marina 106 and Maya V, promise outstanding features and services. Marina 106, located in Dubai Marina, will offer 649 opulent living spaces with breathtaking city views. Maya V in JVT will provide family-oriented living spaces, including 1, 2, and 3-bedroom homes. Nadine I & II in Al Furjan will create a vibrant community inspired by the architectural wonders of Venice and Rome.

The demand for high-quality residential buildings in Dubai is on the rise, driven by the growing interest in luxury and premium brands among developers and buyers.

The launch event garnered significant broker interest, with nearly 1,200 brokers in attendance. A London Gate spokesperson noted that the market continues to thrive as demand outpaces supply.

The project is currently targeting end-users, with prices starting at Dh1,000 per square foot and trending towards Dh1,250 per square foot. The Maya V Tower's superstructure is nearly 50 percent complete and is scheduled for delivery next year, ahead of many other projects.

London Gate's impressive sell-out success at Maya V reflects the strong demand for high-quality residential offerings in Dubai and its commitment to delivering on its bold vision for the city's real estate landscape.