Amirah Developments is set to launch five major projects across Dubai and Ras Al Khaimah in 2025 and 2026, in response to increasing demand for luxury and mid-luxury real estate, Founder Yousuf Jafrani revealed in an interview with Zawya Projects.
Among the upcoming ventures are a branded residence, a wellness-driven community, and a mid-luxury development, with a combined value of AED 1.8 billion ($490 million).
The developer has already broken ground on its Bonds Avenue Residences, a AED 100 million project located on Dubai Islands, with completion expected by the first quarter of 2027.
Interview Highlights:
🏝️ Why Dubai Islands?
Dubai Islands was chosen for its potential as a future-ready, urban coastal hub. Jafrani noted the location’s strong appeal due to:
- Government-led luxury and sustainability initiatives
- Surging international demand for waterfront living
- Excellent infrastructure and connectivity
The Bonds Avenue Residences aims to deliver modern, high-end living aligned with these trends.
💰 Construction Cost:
The development’s total construction cost is AED 100 million, reflecting Amirah’s focus on high-quality materials, advanced engineering, and sustainable practices.
📍 Land Acquisition:
The land was secured in Q4 2023 through a competitive and strategic deal. While financial details are confidential, the pricing aligned with current market valuations.
🛠️ Contractor Selection:
Amirah ran a transparent and competitive tender for construction. Shine Square Building Contracting was selected for its:
- Proven expertise in high-rise residential builds
- Technical capabilities
- Commitment to sustainability and innovation
🏗️ Design Differentiators:
Key design features of Bonds Avenue include:
- Low-density architecture
- Skyline views
- Resort-style amenities
- Abundant natural light and ventilation
All elements were carefully designed to optimize aesthetics, function, and sustainability.
⚠️ Design Challenges:
One of the biggest challenges was addressing coastal environmental factors like high wind and salinity, while preserving open views and luxury standards. The team worked closely with consultants to overcome these.
🕒 Handover Timeline:
Targeted for Q1 2027, with built-in flexibility to manage external delays and ensure quality delivery.
♻️ Sustainable Features Include:
- Solar-powered common areas
- LED lighting and energy-efficient insulation
- Low-flow water fixtures
- Green roofs
- Use of eco-friendly materials like recycled steel and local construction inputs to reduce carbon footprint
💼 Funding Strategy:
The project is being self-funded, with support from off-plan sales. This ensures:
- Financial control
- Minimized risk exposure
- Trust and transparency with buyers
🏗️ UAE Land Bank:
Amirah owns over 1.5 million sq. ft. of development potential across:
- Dubai Islands
- Dubai South
- Meydan
- Jumeirah Village Circle
- Select Ras Al Khaimah locations
The company is actively acquiring more land in high-growth areas.
🌍 Expansion Plans:
Beyond the UAE, Amirah is considering:
- Strategic growth in Ras Al Khaimah
- Market entry into Saudi Arabia and Qatar through partnerships and high-value developments
🔮 UAE Real Estate Outlook:
Jafrani is confident in Dubai’s real estate trajectory, driven by:
- Continued population and infrastructure growth
- Government transparency and regulation
- Ongoing demand for lifestyle-centric and community-driven projects
He sees long-term value in luxury and mid-luxury segments post-Expo and in alignment with Vision 2030.
