Dubai real estate developer Object 1 is closing the year on a high note, celebrating extraordinary growth in 2024. The company reported a 913% increase in sales value and a staggering 1,059% surge in sales volume compared to the previous year. These achievements underscore Object 1’s rising prominence in Dubai’s dynamic real estate market.
Unprecedented Milestones in Two Years
In just two years, Object 1 has launched nine high-quality projects and sold over 860 units, significantly expanding its market share in key areas across Dubai. The developer’s portfolio, encompassing both residential and mixed-use developments, continues to attract robust demand from local and international buyers.
With an unwavering commitment to quality and innovation, Object 1 is set to unveil new projects in sought-after locations, including:
- Jumeirah Village Triangle
- Al Furjan
- Dubai Land Residence Complex
- Dubai Islands
Driving Dubai’s thriving real estate sector
Tatiana Tonu, Managing Director at Object 1, shared her perspective on the market’s performance:
“The UAE’s real estate market has been a cornerstone of growth this year, driven by the country’s robust economic recovery, forward-thinking government policies, and rising demand for premium properties. Dubai alone has achieved remarkable milestones, with transactions reaching a combined value of AED 625 billion ($170.2 billion) in 2024.”
She added, “As a company deeply committed to quality, innovation, and customer satisfaction, Object 1 is proud to contribute to this flourishing sector with future-proof developments. Our upcoming projects will reflect the growing preference for smart home technologies, sustainable building features, and integrated community living, further strengthening our presence and redefining urban living standards.”
Appealing to a global audience
Object 1’s flexible payment plans and attractive financing options have been pivotal in driving interest from a diverse customer base. The developer has seen strong demand from investors in countries such as:
- Turkey
- Iran
- France
- India
- Germany
- China
Strategic partnerships with leading architects, sustainability-focused technology providers, and investment funds have further fueled Object 1’s growth. By prioritizing innovation and adaptability, the company continues to set new benchmarks for success in Dubai’s thriving real estate landscape.
As Object 1 looks to the future, it remains poised to deliver groundbreaking developments that cater to evolving market trends, solidifying its position as a key player in the region.
