Staff Report
Dubai, UAE
Qube Development, a leading developer of high-quality residential properties and commercial spaces in the UAE, has announced a property portfolio of worth Dh2.6 billion which will be unveiled by the end of 2025. The developer currently boasts a land portfolio of 623,354 square feet along with a gross floor area (GFA) of 2,291,946 square feet from its existing projects in Dubai.
Egor Molchanov, CEO of QUBE Development, said, “At QUBE, we are thrilled to begin our journey in the UAE, leveraging our proven track record with local talent. We are committed to the excellence of the UAE’s real estate market and look forward to contributing to its prosperity with numerous upcoming projects across Dubai and the UAE.”
Qube Development aims to create generational wealth through community spaces, emphasizing durability, sustainability, and collaboration with renowned architects. According to Coldwell Banker Richard Ellis (CBRE), Dubai witnessed a record-breaking 35,310 registered sales transactions in Q1 2024, marking a 20.5 percent increase from 2023, driven significantly by a 23.9 recent rise in off-plan property transactions. The growth is expected to sustain over the course of the year. The developer plans to leverage this momentum with sustainable designs and community-focused developments, thereby enhancing the quality of living.
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