Condor Developers, a prominent luxury property provider in Dubai, has recently launched a new residential project called Condor Sonate Residences in Jumeirah Village Triangle (JVT). This project is part of a larger strategy aimed at expanding the company’s real estate portfolio to over Dh2.5 billion by 2027. The company aims to meet the increasing demand for premium residential properties in Dubai, as the luxury real estate market continues to grow significantly this year.
Vidhyadharan Sivaprasad, the chairman and CEO of Condor Developers, stated that Dubai’s luxury real estate sector is expected to see a 24.6% increase in high-net-worth buyers by 2025, indicating a positive trend in the luxury segment. The company is positioning itself as a developer of choice for high-end investors seeking super luxury residences, with the launch of Condor Sonate Residences and three more upcoming projects in prime residential districts in Dubai.
Condor Sonate Residences spans over 396,764 sq. ft and will offer 213 premium apartments, including studios, one, two, and three-bedroom units. The development will feature first-of-its-kind wellness amenities and is designed to offer luxury and serenity in the popular JVT community. The project aims to provide a higher return on investment (RoI) for investors, with home values projected to increase due to an influx of overseas investors and upcoming developments in the area.
In addition to Condor Sonate Residences, Condor Developers have seen success with their other residential projects, including Condor Castle and Condor Concept 7 in Jumeirah Village Circle (JVC) and Condor Marina Star in Dubai Marina. The company’s commitment to delivering affordable yet luxurious properties has helped attract investors seeking superior RoI and valuations in Dubai’s thriving property market. As an incentive, Condor Developers are offering a 4.0% DLD waiver on all units in celebration of the launch of Condor Sonate Residences.
The JVT community, where Condor Sonate Residences is located, is recognized as a value-for-money investment destination in Dubai, thanks to its central location, excellent connectivity, infrastructure, and community amenities. The new development will further enhance the appeal of JVT to global and regional investors looking for vibrant charm, superb infrastructure, and promising growth prospects in Dubai. Condor Sonate Residences will offer a range of leisure and recreation facilities, including an infinity pool, outdoor cinema, sauna and steam rooms, wellness sanctuary, fitness studio, and more for residents to enjoy.
Overall, Condor Sonate Residences represents a significant addition to Dubai’s luxury real estate market, catering to the growing demand for premium residential properties in the city. With a focus on luxury, affordability, and superior amenities, Condor Developers continue to make a mark in the real estate sector and attract high-end investors seeking prime properties in Dubai’s thriving market.
