Dubai’s real estate market is witnessing a significant transformation as rising rental costs drive long-term tenants toward homeownership, particularly in the mid-market, affordable luxury segment. Developers are capitalizing on this trend by launching projects that combine design, functionality, and value, especially in emerging communities like Liwan, Arjan, and Dubai South. Symbolic Developments, the real estate arm of Speedex Group, recently unveiled its fourth residential project, Symbolic Altus, in Liwan. Valued at Dh150 million, the development features 108 fully furnished apartments, including 1 BHK Elite and 2.5 BHK Panorama units, starting at Dh999,000. Scheduled for handover in Q3 2027, the project emphasizes ‘elevated living’ with all amenities located on the rooftop. This launch follows the success of Symbolic Alpha, the developer’s first project in Liwan, which saw over 30 per cent appreciation and higher-than-average rental yields. Murtaza Moiz, Vice Chairman of Symbolic Developments, highlighted the potential of emerging micro-markets like Liwan, which are attracting both end-users and investors. Dubai’s residential market has experienced a notable shift, with apartment prices rising 20.5 per cent year-on-year and average rents increasing 22.1 per cent as of mid-2025, according to CBRE. This has prompted residents to view affordable luxury developments—those priced under Dh2 million—as smart investments. Symbolic Altus aims to meet this demand with a low-density, design-led approach, strategically located just 500 meters from the upcoming Dubai Metro Blue Line. The developer’s focus on community-building is evident in its integration of amenities like rooftop communal spaces and proximity to Liwan Park, which features facilities for all age groups. With more projects planned for early next year, Symbolic Developments is committed to filling the gap in the mid-market segment, offering luxury at an affordable price.