ZāZEN Gardens to help realize the UAE’s recently announced D33 vision – ZAWYA

D33 seeks to attract over AED 700 billion in FDI and UAE real estate will contribute greatly
90,881 property transactions were recorded in 2022 to top the previous high of 81,182 in 2009
Off-plan property sales in Dubai witnessed robust growth of nearly 93% last year
Dubai, UAE – ZāZEN Properties, a leading sustainable property developer in the UAE, cites that real estate transactions in Dubai’s off-plan sector increased by 92.5% in 2022. This increase in off-plan real estate sales reflects the return of developers who are launching new projects to meet the growing demand for high quality residential apartments, especially in up-and-coming areas like Al Furjan. The sustainability-centric company’s current project, ZāZEN Gardens, is set to contribute to the country’s off-plan rise as well as to key initiatives like the Dubai 2040 Urban Masterplan, UAE Net Zero 2050, and now the recently announced D33 agenda.
Unveiled by HH Sheikh Mohammed bin Rashid Al Maktoum, D33 is a ten-year roadmap that seeks to target AED 32 trillion and encompassed within this ambitious blueprint is a notable objective of attracting more than AED 700 billion in Foreign Direct Investment (FDI) . The country’s real estate sector will be integral to realizing this vision as its post-pandemic resurgence has drawn a great deal of interest from international investors. Data shows that overseas investors purchase three-quarters of property in the city  and the off-plan assets are being increasingly sought out.
Visa reforms, an influx of foreign investors, and proven economic stability have garnered the UAE international acclaim to revitalize its real estate landscape. A historic 90,881 property transactions were registered in Dubai last year, shattering a previous record high of 81,182 transactions in 2009. A robust performance in 2022 is continuing to restore investor confidence and support the UAE’s return to normality following COVID-19. The country is well-positioned to sustain its real estate momentum with the sector projected to grow by 8% annually through 2027 .
Madhav Dhar, co-founder, and COO of ZāZEN Properties said: “Dubai is endearingly known as ‘the city of the future’ because HH Sheikh Mohammed bin Rashid Al Maktoum has continually spearheaded the forward-thinking pursuits that drive its success; D33 is yet another illustration of this, as it will effectively serve to double the emirate’s economy and future-proof the nation through the next decade. Dubai’s off-plan segment will attract further investment to strengthen the country’s 15th-place global ranking on Kearney’s FDI Confidence Index 2022, and simultaneously contribute to D33. Foreign investors are increasingly seeking stable long-term assets that offer a strong ROI and ZāZEN Gardens is providing this value with its world-class amenities, high standards of finishes and a healthy environment, while also being LEED Gold certified, catering to the environment and key initiatives such as the Dubai 2040 Urban Masterplan and UAE Net Zero 2050.”
ZāZEN Properties launched its flagship project, ZāZEN One, in JVT last year and this development sold out in a matter of months and has won multiple awards for its design and sustainability efforts. The sustainable-first company’s latest and current project, ZāZEN Gardens, is on pace to follow a similar trajectory while also being a key contributor to D33. This LEED Gold & Well-Being Integrated development is the first of its kind in the UAE as it will reduce nearly 470 metric tons of CO2 annually upon handover. Off-plan sales for ZāZEN Gardens have been underway since mid-December 2022, construction commenced in October 2022, and handover is set for April 2024. 

© Press Release 2022
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