Pride and Property, a UAE-based boutique real estate firm, has successfully facilitated a landmark land transaction valued at AED350 million ($95.3 million). 

 

The plot, located in the prime Business District along Sheikh Zayed Road, is set to host a striking new tower that will redefine Dubai’s skyline.

 

The deal, one of the largest of its kind in 2024, was orchestrated by Nitin Chauhan and Kunal Singh Sandhu, partners at Pride and Property. This achievement builds on their track record of managing high-value real estate transactions, including a recent AED300 million villa plot sale in Jumeirah Golf Estates. 

 

Key player

The duo’s expertise in luxury plots and premium developments has positioned the firm as a key player in Dubai’s real estate sector. 

 

Chauhan highlighted the appeal of luxury living in Dubai’s prime locations. Known for his customer-focused approach, Nitin specialises in luxury plots and development opportunities in similar elite locations. He has been a key player in Dubai’s real estate scene since the advent of freehold properties.

 

“This project embodies the pinnacle of luxury living on Sheikh Zayed Road. Its unparalleled location, offering stunning views of Sheikh Zayed Road and the sea, naturally drew interest from top developers. The upcoming luxury tower will redefine the skyline and demonstrate developers' confidence in Dubai’s thriving real estate market,” Chauhan said. “The city’s leadership has created a remarkable vision for the sector, which still holds immense growth potential.” 

 

Specialised in off-plan sales 

Sandhu noted that this sale was a milestone for Dubai’s luxury real estate sector. With a career spanning over 15 years in the luxury niche, Sandhu has specialised in off-plan sales and luxury developments, overseeing some of Dubai’s most high-profile projects before founding Pride and Property.

 

“Our team dedicated considerable time and effort to this transaction, which highlights the increasing demand for high-end real estate in Dubai. The luxury property market here is on the rise, and the best is yet to come,” Sandhu said.

 

This transaction underscores the robust growth of Dubai’s luxury real estate market, cementing its status as a global leader in 2024. With 2024 marking a record-breaking year, Dubai’s real estate sector appears poised for even greater achievements in the years ahead.

 

This landmark transaction highlights the continued momentum of Dubai’s luxury real estate market, which remains a magnet for global investors. As the city pushes the boundaries of architectural innovation and urban development, 2024 stands as a pivotal year for the sector - with projects like this one poised to reshape its skyline and reaffirm its position as a leading destination for high-value property investments.--TradeArabia News Service