emirates7 - LMD, a prominent real estate developer with a global footprint in Spain, Greece, Egypt, and the UAE, has announced the launch of its latest project, The Pier Residence, located in Dubai Maritime City, with an estimated investment of Dh750 million.
Scheduled for completion in Q2 2027, The Pier Residence will feature 274 luxurious homes, including stylish one, two, and three-bedroom apartments, with some units offering private pools. The project aims to provide a sophisticated lifestyle with modern elegance and high-quality design finishes, all while offering stunning views of the Arabian Gulf and the iconic Downtown Dubai skyline.
Situated in the heart of Dubai Maritime City, the development is just minutes away from Downtown Dubai and Jumeirah. Residents will benefit from a range of amenities, including a premium gym, a padel court, jogging and walking tracks, a luxurious residents’ lounge, and a thoughtfully designed children’s play area.
LMD has collaborated with the National Bank of Fujairah on this project, as well as with Devmark, the UAE’s leading sales and marketing consultancy, which has been appointed as the exclusive sales partner for The Pier Residence.
Hamad Al Abbar, Managing Partner of LMD, expressed enthusiasm about the project, stating it reaffirms their commitment to enhancing Dubai's real estate landscape. He noted that The Pier Residence aligns with the emirate's rapid growth and meets the rising local and global demand for property in Dubai.
Al Abbar emphasized Dubai's recent success in attracting wealthy individuals globally, thanks to the ease of purchasing real estate for international investors, attractive returns on investment, residency visas linked to property investments, and a robust infrastructure with a variety of large-scale projects.
He commended the Dubai Land Department for its efforts to enhance cooperation and knowledge exchange within the real estate sector, contributing to a safe and transparent investment environment for both developers and buyers, leading to significant sales growth.
He also highlighted that Dubai Maritime City is poised to become a major coastal destination in the UAE, appealing to investors seeking profitable returns, supported by a favorable investment climate, diverse projects, and sustainable growth opportunities.
Al Abbar expects the investment return growth rate in Dubai’s real estate sector to continue, driven by strong market momentum, new project launches, increasing demand, economic recovery, and a substantial influx of new residents and tourists.
Scheduled for completion in Q2 2027, The Pier Residence will feature 274 luxurious homes, including stylish one, two, and three-bedroom apartments, with some units offering private pools. The project aims to provide a sophisticated lifestyle with modern elegance and high-quality design finishes, all while offering stunning views of the Arabian Gulf and the iconic Downtown Dubai skyline.
Situated in the heart of Dubai Maritime City, the development is just minutes away from Downtown Dubai and Jumeirah. Residents will benefit from a range of amenities, including a premium gym, a padel court, jogging and walking tracks, a luxurious residents’ lounge, and a thoughtfully designed children’s play area.
LMD has collaborated with the National Bank of Fujairah on this project, as well as with Devmark, the UAE’s leading sales and marketing consultancy, which has been appointed as the exclusive sales partner for The Pier Residence.
Hamad Al Abbar, Managing Partner of LMD, expressed enthusiasm about the project, stating it reaffirms their commitment to enhancing Dubai's real estate landscape. He noted that The Pier Residence aligns with the emirate's rapid growth and meets the rising local and global demand for property in Dubai.
Al Abbar emphasized Dubai's recent success in attracting wealthy individuals globally, thanks to the ease of purchasing real estate for international investors, attractive returns on investment, residency visas linked to property investments, and a robust infrastructure with a variety of large-scale projects.
He commended the Dubai Land Department for its efforts to enhance cooperation and knowledge exchange within the real estate sector, contributing to a safe and transparent investment environment for both developers and buyers, leading to significant sales growth.
He also highlighted that Dubai Maritime City is poised to become a major coastal destination in the UAE, appealing to investors seeking profitable returns, supported by a favorable investment climate, diverse projects, and sustainable growth opportunities.
Al Abbar expects the investment return growth rate in Dubai’s real estate sector to continue, driven by strong market momentum, new project launches, increasing demand, economic recovery, and a substantial influx of new residents and tourists.