With intentions to grow throughout the Middle East, Dubai-based boutique developer Ellington Properties will soon develop its first gated community in the UAE.
Ellington Properties have previously completed thirteen boutique homes and multi-family communities throughout prime real estate locations in Dubai. These may be found in areas like Jumeirah Village Circle, Mohammed Bin Rashid City, Downtown Dubai, and Palm Jumeirah.
Seven projects are currently being built by the developer. These include Berkeley Place, Kensington Waters, and Ellington House.
INCREASING DEMAND IN DUBAI
The firm has noticed an increase in demand for its developments. Some of their properties have even sold out within days of launching. These properties include Ellington House in Dubai Hills Estate.
This demand is a definite sign that the Dubai market, and the UAE market in general, are excellent markets for real estate expansion and investment.
ELLINGTON’S MIDDLE EAST EXPANSION GOALS
Ellington Properties is trying to expand its portfolio by launching new projects in Dubai. This comes in light of the attractiveness and continued growth of Dubai's prime real estate market
Ellington Properties is also committed to maintaining its high growth trajectory. To do this the company intended to increase its presence in Saudi Arabia and the Middle East too.
EFFECTIVELY MANAGING EXPENSES
The developer has also successfully handled expenses when it comes to the issue of rising commodity prices brought on by the Russia-Ukraine war. Even though many sectors worldwide are feeling the consequences of inflation brought on by a variety of circumstances, the developer is in a strong position to control increasing expenses. It has done so by enhancing its operational efficiencies. But it has also made the most of its resources while maintaining competitive agreements with its suppliers.
POTENTIAL TO LEVERAGE 3D-PRINTING
The developer is also investigating the use of 3d printing to aid in the construction of its high-end projects. Although it is not currently employing 3D printing technology, it is investigating and researching its applications. Dar Al Arkan recently completed the first 3D-printed villa in Saudi Arabia, but Ellington Properties have made it clear that they will only utilise the technology if it proves beneficial within its projects.