Arista Properties plans a Dh5 billion investment in Dubai's real estate market.

Arista Properties, a new player in Dubai's real estate market, is set to invest over Dh5 billion in the sector over the next three to four years. The company aims to establish new standards in real estate by incorporating bespoke designs and elegance into each of its projects.

The real estate sector plays a vital role in the UAE economy, contributing nearly 5.5% to the total GDP. Dubai has emerged as the world's fourth busiest ultra-prime property market, experiencing a remarkable 40% increase in transactions, rising from Dh69.5 billion in Q3 2022 to Dh97.55 billion in Q3 2023.

As Dubai strengthens its position as a regional hub for finance and business, the positive impact on the real estate market is evident, attracting more investors and players and stimulating further development within the sector. Arista aims to align with Dubai’s status as a prime market for High-Net-Worth Individuals (HNWIs) and Ultra High-Net-Worth Individuals (UHNWIs).

Srishti Gaur, Head of Media Relations at Arista Properties, stated, "Through this launch in the UAE, we recognize the unparalleled potential of this dynamic market. The UAE, with its visionary leadership, thriving economy, and diverse population, perfectly aligns with Arista's commitment to redefine luxury living. We are confident that our bespoke services will not only elevate the essence of luxury community living but also help the industry reach new heights."

Arista Properties will collaborate with top designers, architects, and landscapers to create exceptional living spaces. In addition, the company plans to expand into commercial real estate, focusing on developing luxury commercial spaces in the future.

To kick off its first project in Mohammed Bin Rashid City (MBR City), Arista has appointed One Broker Group, an award-winning real estate agency, as its official sales partner. The project will be designed by the renowned architectural firm HBA - Hirsch Bedner Associates.