Condor Developers said the influx of new global investors has increased demand for its premium Golf Links 18 project at Dubai Sports City. Sales have surged and nearly 70% of the golf facing development has been sold out.
“The sharp rise in European investors entering Dubai’s property market over the past year, driven by relocation to the UAE’s tax-friendly environment, has created a ripple effect in the real estate sector, providing strong tailwinds to the country’s growing economy.”
Vidhyadharan Sivaprasad, Chairman and CEO, Condor Developers
Condor Golf Links 18 offers an array of diverse amenities for premium residential living, and will have a total of over 250 luxury residential units.
The project’s range of 18 amenities span a sky retreat, two infinity pools, a rooftop yoga deck, outdoor cinema, indoor gymnasium, sun and float lounges, jacuzzi, picnic areas, BBQ stations and open cabanas, among others. The property will also have a viewing area, outdoor fitness box, sauna and steam rooms.
“We are looking at early completion of the development before the first quarter of 2026, in line with our reputation of delivering projects even before the scheduled timelines.”
Vidhyadharan Sivaprasad, Chairman and CEO, Condor Developers
Vidhyadharan said the demographic mix of investors in Dubai’s real estate market, as well as across its own developments, has seen a marked shift with the inflow of new high net worth investors from across Europe, bringing in more diversity to the market.
“These shifts of a large number of people moving from tax-stringent countries of Europe, combined with Dubai’s strategic and persistent vision to make the Emirate a global investment destination is amply reflected in the sharp growth of asset values and rental yields in the property market.”
Vidhyadharan Sivaprasad, Chairman and CEO, Condor Developers
According to Vidhyadharan, property asset values have increased by 20% to 30% in tandem with the increase in land prices, while rental yields is in the range of 10% respectively depending on the location.
A majority of the buyers of the Golf Links 18 residential apartments so far is from the UK, followed by Russia, France, Slovakia and the UAE.
He said that for many High-Net-Worth (HNW) families and non-HNW professionals, the UAE real estate market offers an attractive destination of low-tax jurisdiction without the rigors of complex and cumbersome tax machinery, attracting new European investors from across the UK, Germany, Belgium and the Netherlands.
