ZāZEN Properties, a leading sustainable property developer in the UAE, has announced that 75% of the units at its off-plan development within the Al Furjan community in Dubai have been sold out. ZāZEN Gardens, a Leed-Gold-certified development, features a total of 159 apartments ranging from 824 to 1,612 sq ft, as well as two retail outlets on the ground floor. With construction work already 25% completed, the development is scheduled for handover in April next year.
The success of ZāZEN Gardens is part of a larger trend in Dubai’s real estate market, where off-plan transactions have been on the rise. According to ZāZEN Properties, off-plan property sales increased by 42.1% over the first two months of 2023 compared to the same period last year. This growth in the off-plan sector is seen as instrumental in achieving the UAE’s D33 objectives, which aim to attract AED650 billion in investment by 2033.
ZāZEN Properties believes that off-plan developments are driving the UAE’s real estate sector and contributing to the country’s economy. Construction represents 6% of Dubai’s GDP and has historically averaged 8-9% in recent years. As developers continue to innovate with their off-plan projects, they are transforming the real estate sector, enhancing the country’s international competitiveness, and promoting sustainable development.
ZāZEN Gardens is a prime example of ZāZEN Properties’ commitment to sustainable and innovative real estate projects. The development follows in the footsteps of ZāZEN One, a sustainable community living development launched last year that sold out within months and won multiple awards. ZāZEN Gardens is setting the benchmark for high-quality, sustainable, and affordable residential projects in Dubai.
Co-founder and COO of ZāZEN Properties, Madhav Dhar, highlighted that the UAE’s real estate market is an investor’s market, offering high returns on investment and competitive prices compared to other global cities. He emphasized that off-plan properties will continue to be a driving force in the country’s real estate sector as it aims to achieve ambitious growth targets.
As the off-plan sector flourishes in Dubai, developers are innovating to attract foreign direct investment (FDI) and bolster the country’s economy. Wellness residential developments, such as ZāZEN Gardens, are gaining popularity as they cater to the growing demand for sustainable and healthy living spaces.
ZāZEN Gardens is a prime example of how off-plan developments are shaping the real estate landscape in Dubai. Its success in selling out 75% of its units demonstrates the strong demand for sustainable and innovative residential projects in the UAE. With its handover scheduled for April next year, ZāZEN Gardens is poised to become a flagship development that sets the standard for high-quality, sustainable, and affordable living in Dubai.
Source: zawya