LMD, a prominent real estate developer with a global footprint in Spain, Greece, Egypt, and the UAE, has unveiled its newest project, The Pier Residence, in Dubai Maritime City. The development is expected to involve an investment of Dh750 million and is scheduled for completion in Q2 2027. The Pier Residence will feature 274 opulent homes, including one, two, and three-bedroom apartments, with select units boasting private pools. This project promises a refined lifestyle, appealing to various tastes with its contemporary design and premium finishes. Residents will be treated to panoramic views of the Arabian Gulf and the iconic Downtown Dubai skyline.
Situated in the core of Dubai Maritime City, The Pier Residence offers a prime location, just a short drive from Downtown Dubai and Jumeirah. Residents will have access to a plethora of amenities, such as a state-of-the-art gym, a padel court, jogging and walking trails, a luxurious residents’ lounge, and a thoughtfully crafted children’s play area. LMD has collaborated with the National Bank of Fujairah on this venture and has also joined forces with Devmark, the UAE’s premier sales and marketing consultancy, which has been designated as the exclusive sales partner for The Pier Residence.
“We are thrilled to unveil one of our most significant real estate projects in Dubai, reinforcing our dedication to supporting Dubai’s vision of enhancing the real estate sector. The Pier Residence is perfectly aligned with the emirate’s rapid development and addresses the surging demand for property in Dubai, both locally and globally,” stated Hamad Al Abbar, Managing Partner of LMD. Al Abbar emphasized that Dubai has recently attracted affluent individuals worldwide due to its investor-friendly real estate policies, high returns on investment, residency visas tied to property investments, and superior infrastructure complemented by diverse, large-scale real estate projects.
He commended the Dubai Land Department for its efforts in fostering collaboration, partnerships, and knowledge sharing within the real estate industry. These initiatives have significantly contributed to creating a secure and transparent investment environment, driving substantial growth in sales. Al Abbar noted that Dubai Maritime City is poised to become a significant coastal destination in the UAE, making it highly attractive to investors seeking lucrative returns, supported by a conducive investment climate, diverse projects, and sustainable growth prospects. Al Abbar anticipates that the growth rate of investment returns in Dubai’s real estate sector will continue to rise, fueled by robust market momentum, the launch of new projects, increasing demand, economic recovery, and a significant influx of new residents and tourists.
