Staff Report
Dubai, UAE
Innovate Living, a leading luxury real estate developer, has acquired a collection of prime waterfront plots on Dubai Islands, laying the foundation for a long-term Dh1.4 billion (USD 400 million) development pipeline.
As Dubai continues to evolve as a global destination, it is attracting investors and high-net-worth individuals, fuelling demand for exclusive, boutique waterfront properties that reflect effortless sophistication and innovation. Spanning 17 square kilometres across five islands, Dubai Islands offers over 20 kilometres of pristine beaches, lush parks, and premium golf courses overlooking the Arabian Gulf. Located right across from Downtown Dubai, it combines beachfront tranquillity with elite sporting luxury. Its proximity to key destinations like J1 Beach and Jumeirah Bay Island further enhances its investment appeal. By securing these plots at an early stage, Innovate Living is not only capitalising on the rising value of waterfront real estate but also spearheading bespoke, design-led residential experiences.
Kareem Fahmy, Founder and CEO of Innovate Living, emphasised the strategic vision behind this acquisition, highlighting, “Dubai Islands is an extraordinary opportunity for us to bring ultra-luxury waterfront living to life in a way that reflects our core values of being intentional, curated and design-led in everything we do. This destination offers the rare combination of both beachside serenity and world-class golf courses, making it an exceptional setting for our developments. We have been particularly impressed by the extensive infrastructure efforts, especially the work being done by the master developer and RTA to enhance connectivity, including bridges that will provide direct access to the heart of the city. Our goal is to create beautiful homes that prioritise residents’ wellbeing and convenience while ensuring long-term value. This acquisition is the next step forward in our journey to elevate residential excellence, delivering unparalleled exclusivity and sophistication.”
Dubai’s ultra-luxury segment experienced significant appreciation, with prime residential capital values rising by 6.8 percent in 2024 and projections indicating growth up to 9.9 percent in 2025, according to Savills Prime Residential World Cities Index. Dubai Islands, aligning with the Dubai 2040 Urban Master Plan, is poised for substantial land value appreciation, making it an attractive investment for high-net-worth buyers seeking exclusivity and long-term returns.
Innovate Living’s ultra-luxury portfolio includes developments on Palm Jumeirah such as the N Collection Villas, G-Frond Villa ‘Allegra’, and Palme Couture, an exclusive beachfront residential project. Investors have seen substantial capital appreciation, reinforcing Innovate Living’s ability to deliver not just high-end living, but also high-value investments. The acquisition of prime plots on Dubai Islands solidifies the developer’s position as a leader in curating extraordinary residential experiences that cater to the city’s most elite clientele.
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Also read: Innovate Living’s villa on Palm Jumeirah sells at Dh230 mn
