Anmoll D. Shroff, Founder and Chairman of Elton Real Estate Development, highlights the competitive edge of Dubai's real estate market. While prime properties in cities like New York or Mumbai can fetch $2,500 to $3,000 per square foot, Dubai offers prime properties at around $1,000 per square foot. Shroff emphasizes that this price advantage, along with high rental returns and a business-friendly environment, makes Dubai a top choice for real estate investment. Elton Real Estate Development is excited to be part of Dubai's dynamic real estate landscape and is set to benefit from it.
Elton has recently entered Dubai's thriving property market with a prestigious residential project, marking the start of their ambitious plan to establish a strong presence across the UAE. Located in Meydan Avenue, near District One, the project features premium residential buildings on a prominent corner plot, offering stunning views of the Burj Khalifa, Meydan Grandstand, and lush internal gardens. The plot's three open sides promise residents an unparalleled living experience in the heart of Dubai.
Shroff notes that Dubai's remarkable growth trajectory and visionary leadership make it one of the world's most promising real estate markets. The city's strategic location, progressive business policies, rich cultural diversity, and exceptional safety standards set it apart globally. Dubai offers a unique lifestyle, diversity, and opportunities, coupled with unparalleled safety and convenience. Initiatives like the Golden Visa provide unique advantages for both developers and investors.
With Dubai's real estate market poised for transformative growth, Elton anticipates a 20-30% increase in transaction volumes in 2025 and a 10-15% rise in property prices. This growth is driven by strategic government initiatives, geopolitical conditions, and an influx of global residents. This sets the stage for a thriving property market that balances high demand with sustainable development across Dubai's prime and emerging communities.
Shroff also shared a glimpse into Elton's future plans, stating, 'Our goal is to achieve stable growth by prioritizing project delivery and solidifying our market presence. We are actively exploring prime locations like Arjan, Meydan Horizon, Furjan, Jumeirah Garden City, Jumeirah Village Circle, and Dubai Island for our upcoming projects. Land acquisition negotiations are underway, and we aim to launch three to four new projects within the first year.'
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