Properties for Sale by Lamar Development in Dubai

Lamar Development is an international real estate company founded as part of Lamar Investment Holding. The group creates premium properties combining innovative design, functionality and high investment appeal, where architecture, materials and lifestyle scenarios determine the core value of the asset. Lamar Development publicly defines itself as a portfolio developer with properties in the residential, commercial, hotel and industrial sectors, focusing on quality execution and working with world-class architects. Major collaborations include Patricia Urquiola, Studio MK27 by Marcio Kogan, Jacobsen Arquitetura, as well as Isay Weinfeld and David Chipperfield. It is precisely this focus on international firms that allows the developer to create an exceptional product and generate premium demand.

According to independent reports, the company is linked with two leaders: Rayyan Al Ajaji (founder and managing partner) and Abdullah Al Ajaji (co-founder). This is confirmed by partner materials from the Financial Times and recent industry publications on the developer's European expansion. Lamar Development's headquarters and main operational centre are located in Dubai. The office is based at Emaar Square, Unit 801, Building 3, Downtown Dubai. The company is also developing its European business from Madrid, including through a dedicated website and social media channels. The dual structure — Middle East + Europe — helps to scale expertise more quickly and synchronise the product with the expectations of UHNW clients — ultra-high-net-worth investors from different regions who are looking for unique properties in prestigious locations of Dubai with high investment appeal.

In the UAE, the company's activities are concentrated in the highly sought-after areas of Dubai — Jumeirah Bay Island and the Dubai Water Canal. In 2024, the Sea Mirror on Jumeirah Bay Island became one of the symbols of Dubai's resurgent superprime market. Emirati brokers signed a record deal there for the sale of a villa for AED 175,000,000 ($47,645,000), confirming the solvent demand and investment viability of property by Lamar Development. The media highlighted the project's details, from its 1300 m² plot and total area of over 16000 m² to its 25-metre swimming pool in the basement, wine room and panoramic terrace. Jacobsen Arquitetura and Studio MK27 were responsible for the architecture, while Patricia Urquiola designed the interiors. For potential buyers, the villa at Sea Mirror is not just a beautiful piece of history, but an indicator of liquidity: a rare, architecturally strong asset in an ‘island’ location is being converted into a record price.

According to the developer's terminology, Sea Mirror Villas is a limited collection of waterfront residences designed as ‘landscape homes.’ They are characterised by minimalist forms, deep canopies, perforated panels, glass surfaces and warm natural tones, allowing the interiors to literally dissolve into the light and greenery. The project includes wellness facilities, relaxation areas and intimate entertainment zones. The internal logistics are designed so that large families can live without bothering each other. The complex has high standards from an engineering point of view: deep terraces for natural cooling, well-thought-out insolation and advanced finishing solutions. International publications have called the community closed and chamber-like — it has only 18 villas by Lamar Development with an emphasis on privacy and timeless design. The architecture and interiors of the properties at Sea Mirror Villas are a significant part of the investment logic, as they are what make the offer unique and maintain its resale value.

In addition to the villa community, the company has a strong portfolio of urban residences. Apartments by Lamar Development are featured at The Muse, a modern co-living project with integrated work areas and developed infrastructure, as well as in investment clusters on the Dubai Water Canal, where the urban landscape and walking distance to restaurants and parks create stable rental demand. For corporate and creative clients, Unbox spaces are being developed, which are described by the operator as ‘meticulously planned’. For investors looking to buy property by Lamar Development for rental and capitalisation, this combination of formats is a significant advantage, making it easier to choose a strategy that suits their risk profile.

What will Lamar's portfolio acquisition bring? Firstly, it's the locations. The company works on the ‘front lines’ — where supply is limited by urban planning and where it's easier to maintain value. Secondly, its architectural signature and collaboration with global firms: this creates stable demand from an international audience, which means liquidity upon exit. Thirdly, this is the diversification of asset types, ranging from luxury villas to apartments and income-generating workspaces, which allows investors to tailor their strategy to their own time horizon. Finally, public precedents of record-breaking deals at Sea Mirror confirm not only the aesthetic but also the economic viability of this approach. If the aim is to buy property in Dubai as a capital-preserving investment, Lamar Development's portfolio offers an exceptional combination of design, location, market provenance and a working link between the UAE and Europe, which adds weight and stability to the brand.

Lamar Development

Properties for Sale by Lamar Development