Empire Developments Exceeds Dh2 Billion in Property Value
Empire Developments, a prominent player in the UAE real estate sector, has recently announced that its project portfolio has surpassed Dh2 billion (approximately $540 million). This milestone reflects the company’s commitment to providing affordable luxury homes for both first-time buyers and investors, aligning with the growing demand in the UAE property market.
Growth in the UAE Real Estate Market
The UAE’s real estate market has experienced significant growth, driven by robust foreign investment and a strong pipeline of new developments. Empire Developments is capitalizing on this trend, having already delivered four projects and currently working on three more, which are expected to be completed by 2026 and 2027. The total number of residential units across these projects is approximately 1,500.
Innovative Payment Plans
Empire Developments has distinguished itself with its customer-centric approach, introducing a unique payment model that aims to make homeownership more accessible. Initially, the company offered a 1% monthly payment plan, which has now been enhanced to a groundbreaking 0.5% monthly payment scheme. This initiative is designed to alleviate the financial burden on middle-income families, allowing them to transition from renting to owning their homes.
Kamran Ghani, CEO of Empire Developments, emphasized the importance of this approach, stating, “Our industry-leading payment plans make home acquisition less painful for families with limited income. We aim to convert tenants into homeowners, enabling them to pay about half the purchase price upfront, with the remainder spread over four to five years post-handover.”
Commitment to Quality and Technology
Empire Developments is dedicated to delivering high-quality homes that integrate modern technology. Homeowners can control various aspects of their residences, such as lighting and security, from their smartphones, enhancing convenience and security. Each property reflects meticulous craftsmanship, offering a range of options from luxurious penthouses to serene estates.
The company’s latest project, Empire Lakeviews in Liwan, exemplifies this commitment to modern living. This 29-storey tower features 604 meticulously designed units, including studios, one, two, and three-bedroom apartments, as well as duplexes. Many of these units come with private pools, catering to diverse lifestyle preferences.
Future Developments
Empire Estates, another significant project by Empire Developments, is currently under construction and will offer 325 luxury apartments upon completion in 2026. The company’s focus on creating bespoke homes ensures that it meets the needs of discerning buyers, further solidifying its position in the competitive real estate market.
As part of Ghani Holdings, a diversified conglomerate established in 1995, Empire Developments benefits from a robust organizational structure that promotes efficiency and collaboration across its various business interests, which include hospitality, tourism, and automotive sectors.
FAQs
What types of properties does Empire Developments offer?
Empire Developments specializes in affordable luxury homes, including studios, one, two, and three-bedroom apartments, as well as duplexes with options for private pools.
How does the payment plan work for potential buyers?
Empire Developments offers a 0.5% monthly payment plan, allowing buyers to pay half the purchase price upfront and the remainder over four to five years after handover, making homeownership more accessible.
When are the upcoming projects expected to be completed?
Empire Developments has several projects in various stages of development, with expected completion dates ranging from 2026 to 2027 for their ongoing projects.
Conclusion
Empire Developments is poised for continued growth in the UAE real estate market, with its innovative payment plans and commitment to quality construction. As the company expands its portfolio, it aims to help more residents achieve their dream of homeownership, contributing to the overall development of the region.
The UAE real estate market has been buoyed by various factors, including government initiatives aimed at attracting foreign investment and enhancing the ease of doing business. Recent reforms, such as long-term residency visas and the introduction of new property laws, have further stimulated interest among international buyers. This supportive environment has enabled companies like Empire Developments to thrive and expand their offerings.
In addition to its focus on affordability and technology, Empire Developments is also committed to sustainability in its projects. The company aims to incorporate eco-friendly materials and energy-efficient systems in its developments, aligning with the UAE’s broader goals of promoting sustainable urban living. This approach not only enhances the value of their properties but also appeals to environmentally conscious buyers.
As the company continues to grow, it remains attentive to market trends and consumer preferences, ensuring that its developments resonate with the evolving needs of the community. By maintaining a strong emphasis on quality, innovation, and customer satisfaction, Empire Developments is well-positioned to navigate the competitive landscape of the UAE real estate sector.
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