Scheduled for delivery in Q2 2027, The Pier Residence project consists of 274 luxury residences including one-bedroom, two-bedroom and three-bedroom apartments with privacy, some with a private pool; reflecting the ultimate in luxury with its elegant modern designs and high-quality finishes that ensure meeting different lifestyles.
The project is distinguished by its location overlooking the waterfront in the vibrant Dubai Maritime City and its stunning views, close to all services; as it is connected to Downtown Dubai by a complex transportation network, and includes a gym equipped with the latest fitness equipment, a padel court, jogging and walking tracks, a luxurious lounge for residents and an innovative children’s play area.
LMD Real Estate Development is working closely with the National Bank of Fujairah as one of the strategic partners within the project, which contributes to stimulating further developments in the project in particular, and serving the aspirations and visions of the real estate sector in general, and supports the plans and goals of both parties.
It also contracted with Devmark, a leading consulting services company with extensive experience in real estate marketing in the UAE and the world, to be the exclusive sales partner for the units of The Pier Residence project.
In turn, Hamad Al-Abbar, Managing Partner of LMD Real Estate Development, said: “We are pleased to announce one of our most important real estate projects in Dubai; to confirm our commitment to working to achieve Dubai’s vision of upgrading the real estate scene and enriching it through large and distinguished projects that keep pace with the rapid growth paths and the unprecedented local and global demand for purchasing real estate in the emirate.”
Al-Abbar pointed out that Dubai has recently succeeded in attracting the world’s wealthy thanks to the ease of purchasing real estate for international investors, providing the best return on investment, real estate residency visas based on real estate investment, in addition to the high-quality infrastructure and the giant and diverse real estate projects in the emirate.
Alabbar praised the efforts of the Dubai Land Department, through its tireless work to enhance cooperation, partnership and knowledge exchange on best practices in the real estate sector, which contributed significantly to providing a safe and transparent investment environment for developers and buyers, which was positively reflected in the significant growth in sales.
Alabbar stressed that Dubai Maritime City will compete with the most famous and most sought-after coastal destinations in the world in the coming period, which will enhance its position as a global investment destination and make it an attractive area for those seeking profitable returns in light of a supportive investment environment, diverse projects and sustainable growth opportunities.
Alabbar expected the pace of growth in investment returns in the real estate sector in Dubai to continue, in conjunction with the continued strong momentum within the market during the current year and the announcement of new real estate projects, driven by growing demand, economic recovery and tourism with a greater influx of new residents.