UAE-based Aqua Properties has announced plans to launch two major projects – worth US $817mn – in Dubai within the next six months.

Among the upcoming projects is a 50-storey luxury tower on Sheikh Zayed Road and the development of an extensive 300,000sqft plot, the largest land parcel within the Arjan neighbourhood.

Aqua has already completed four residential and commercial projects in the UAE and three more are currently under way.

Aqua Properties’ Founder, Ali Tumbi, commented, “Currently overseeing three ongoing projects with two more in the pipeline, including upscale apartments and strategically located mixed-use developments, Aqua Properties stands at the forefront of innovative real estate solutions. The noteworthy completed projects include J5, J8, O Ten, and Mysk, contributing to positive client responses, high occupancy rates in completed projects, and robust investor interest in ongoing developments.”

Aqua Properties has now set an ambitious goal to deliver over 500 residential and commercial units in the first quarter of 2024.