UAE-based real estate firms AveNew by RH, Pride and Property and Landsmith Real Estate have jointly concluded a land sale transaction worth over Dh300 million in Dubai’s sought-after Jumeirah Golf Estates.
One of the biggest transactions of its kind in Dubai reflects the growing demand for golf course communities, fuelled by limited supply, sustained investor interest locally and globally, and the UAE’s track record as an investment-friendly real estate market.
Jumeirah Golf Estates, rated among the top ten lifestyle estates in the world, is a transit-oriented development with metro connectivity and over 1,500 villas, townhouses, and apartments. The luxury golf course community also hosts the final tournament of the acclaimed DP World Tour Championship (European Tour).
“Golf course-facing luxury villas are popular but limited in Dubai. That demand-supply dynamic, combined with the plot’s unique view of two Fairways, generated interest among top developers. After the project attains…
