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Zoya Developments said in a press release that its Elinor by Zoya premium residential project in Dubai South achieved full sell-out less than 15 days after launch. The AED 104 million development completed all key milestones including the establishment of a project escrow account and the execution of every sales and purchase agreement through a transparent process. The company credited an exclusive partnership with First Prime Properties and its CEO Ali Al Dahari for contributing to the rapid outcome that underscores investor confidence in the district.
Imtiaz Khan, managing director and co-founder of Zoya Developments, said in the statement, “Selling a AED 104 million development in less than two weeks is a significant milestone that reflects the strength of our product, the trust of our investors, and the dedication of our sales partners. We extend our sincere appreciation to Mr. Ali Al Dahari and the entire First Prime Properties team for their exceptional contribution to this success. This achievement further strengthens our vision of delivering high-quality developments that continue to outperform market expectations.” The executive’s comments came as part of the company’s formal announcement distributed via Zawya.
Engel & Volkers data shows Dubai recorded 79,281 residential sales transactions worth AED 221.4 billion in the first half of 2026 even as overall volumes moderated from prior peaks. Dubai South has drawn particular attention due to its connectivity and the ongoing expansion of Al Maktoum International Airport that analysts project will support further housing demand in coming years. The area forms part of broader supply pipelines where Cavendish Maxwell expects thousands of units to complete across several districts including Dubai South during 2026.
Zoya Developments entered the UAE market as an Indian-origin developer with plans to invest around AED 2 billion across multiple projects. The firm launched its AED 37.5 million Miorah residential development in Dubai South in January 2026 before following with Elinor as the third scheme in the same district. Its growing portfolio focuses on locations that align with long-term infrastructure growth in the emirate.
The company maintains a stated emphasis on modern design, investment value and sustainable principles in its residential communities. Projects target both local buyers and international investors who seek developments backed by clear governance standards and timely delivery. Zoya Developments has positioned itself among the faster emerging players in Dubai’s real estate sector since its debut.
ValuStrat forecasts anticipate citywide residential capital values will rise by 10 percent in 2026 with villas likely to outperform apartments. The sell-out of Elinor by Zoya adds to transaction activity in a market where premium offerings in growth districts have continued to find ready demand when supported by credible execution. The developer indicated plans to expand its footprint in key locations as it builds on this latest result.
