Dubai-based Mashriq Elite Real Estate Developments has announced that it is set to release over 1,200 units in Dubai’s surging residential property market in the next two years, with anticipated handover of 380 apartments in the fourth quarter of this year alone across its projects in Arjan and Discovery Gardens.

Mashreq Elite, which has a cumulative project portfolio worth AED1.5 billion ($408 million) spanning a total of 1,525 residential units, had handed over its first residential development – Floarea Residence – in Arjan, releasing 206 units last year. 

The projects which are set for completion and hand over this year are Floarea Grande in Arjan with 222 units and Floarea Vista in Discovery Gardens with 158 units.

Announcing this, Kamran Muhammad, the CEO of Mashriq Elite Developments, said: "We had a highly successful 2025 launching four prime property developments, including our debut in Dubai Islands with Floarea Breeze. Our priority has always been disciplined growth sticking to our timeline commitments." 

"We are now entering a strong delivery cycle in the next two years taking our total footprints in some of Dubai’s most active residential districts to over 2 million sq. ft of built-up area," he stated.

Mashriq Elite said it has a total portfolio of 8 projects with 5 under development, one handed over and 2 set to be launched in the first quarter of 2026. 

Projects which are in full scale construction include Floarea Grande in Arjan, Floarea Vista in Discovery Gardens, Floarea Skies in Jumeirah Village Circle (JVC) and Floarea Oasis in Dubai Land Residential Complex (DLRC), and Floarea Breeze in Dubai Islands, it stated.

Floarea Skies in JVC with 192 units and Floarea Oasis in DLRC with 257 residences is expected to be handed over in the first quarter of 2028, while the developer’s maiden project in Dubai Islands – Floarea Breeze – offering 48 apartments and four town houses is anticipated to be delivered in the third quarter of 2027.

"We are on an accelerated growth phase and our next strategic expansion is into Meydan and Dubai Production City (IMPZ), two locations in Dubai that continue to attract investors due to infrastructure expansion, connectivity, and competitive price appreciation," stated Muhammad.

Both the projects are set to be launched in the first quarter of 2026, he added.-TradeArabia News Service