UAE – Mubasher: QUBE Development announced entering the UAE property market with ambitious plans for sustainable developments in Dubai.

The company plans to introduce AED 2.60 billion worth of projects, covering 2.29 million square feet in Dubai, by the end of 2025, according to a press release.

QUBE has already acquired 623,000 square feet of land in Dubai for a swift response to demand.

Building on its parent company's expertise, QUBE is well-placed to deliver exceptional properties that reinforce standards in the sector.

Egor Molchanov, CEO of QUBE Development, commented: "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,” Molchanov pledged.

Dubai property transactions reached record highs in early 2024, with off-plan sales up over 20% from 2023. Figures from property consultants CBRE show 35,310 sales in the first quarter alone.