DMDC, an award-winning firm known for its construction and design expertise, is set to deliver Dubai’s first renovate-to-resell concept following a newly formed partnership with Residual.ae.
Major Renovation Portfolio on Palm Jumeirah
Together, the partners have already taken on four significant villa renovation projects on Palm Jumeirah, collectively valued at US$50 million in their current state. After comprehensive structural upgrades, full MEP replacements, and high-end interior transformations, the portfolio is expected to reach US$100 million in resale value.
DMDC’s Role in Design and Execution
DMDC will oversee the full design, build, and delivery process, ensuring every property meets the company’s established standards for exceptional craftsmanship. Backed by a team of more than 800 specialists across construction, MEP, interiors, and manufacturing, DMDC provides accelerated timelines, consistent quality, and meticulous execution.
Residual.ae’s Financial and Strategic Model
Residual.ae is responsible for structuring the financial framework, sourcing undervalued villas, offering free renovation solutions, and managing the full resale journey. This zero-capital method allows investors and homeowners to benefit from significant returns without taking on financial risk or operational responsibilities.
Growing Project Pipeline
The addition of this four-villa portfolio brings DMDC’s contracted project value to over AED220 million within the past ten months, with projections to surpass AED300 million before the year concludes.
Leadership Insights
Raji Daou, CEO of DMDC, said: “With each project, our goal is to provide the highest standards of quality while maximising ROI. One of our clients purchased a Garden Villa for AED30 million, invested AED11 million in renovation and plot extension, and it’s now going to market for AED65 million. That’s the kind of upside this model delivers.”
Daniel McNeil, Founder and CEO of Residual.ae, added: “Residual.ae’s mission has always been to remove barriers to property improvement. By partnering with DMDC, we’re scaling that vision, combining financial access and construction excellence to redefine what’s possible in Dubai’s high-end market.”
Expansion Plans
After establishing a successful start on Palm Jumeirah, the partnership is preparing to extend its model to key luxury communities, including Emirates Living, Jumeirah Golf Estates, and Arabian Ranches.
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