The 8 real estate projects set to redefine the UAE

The UAE’s status as a world-renowned destination for both residents and tourists is being reinforced by the launch of multiple real estate projects that will take the country’s wow-factor to new heights.

 

Deira Islands

Investment in infrastructure and related real estate projects for Deira Islands has exceeded AED 7.5 billion, according to Nakheel, the developer. When it’s finished, the marina will accommodate 614 boats, and yachts up to 60 meters long. The new coastal city will eventually have a resident population of 250,000 and will add 40 kilometres — including 21 kilometers of beach — to Dubai’s coastline. In April, the company announced another AED 4.2 billion to build Deira Mall, a centerpiece of the development.

 

MIDFIELD AIRPORT TERMINAL

At a cost of AED 12.9 billion and 50 million man-hours of work, Abu Dhabi’s new terminal will have 49 gates and double the airport’s capacity to 30 million passengers a year, transforming the tourism sector of Abu Dhabi. Built over six levels, it will include a hotel, shops, and restaurants when it’s finished in January 2019. The iconic real estate project boasts 75% of construction materials being diverted from landfills, and the use of recycled and local materials is reducing the reliance on fossil fuels.

 

AL MAMZAR BEACHFRONT

Emaar Properties and Dubai Municipality’s mixed-use beachfront development in Dubai’s Al Mamzar district is expected to be completed by Q4 2018, with an emphasis on green spaces and healthy living. The project, which stretches over 9,000,000 square feet, will have 4,000 residential units, 300 hotel rooms, 250,000 square metres of retail amenities, as well as 3.5km of walking tracks canopied by trees. It is costing a reported AED 10 billion.

 

MINA AL ARAB

The Ras Al Khaimah-based project is expected to be completed in the third quarter of 2019 and cost AED 9.9 billion. Mohammed Sultan Al Qadi, CEO of RAK Properties, told Arabian Business “I want to build every square foot of land in Mina Al Arab.” The master plan includes eight resorts (including two eco- hotels), a traditional souk, retail, Abra (water taxis), and thousands of new residences including villas, townhouses, and apartments.

 

THE DUBAI FRAME

Designed by award-winning architect Fernando Donis, who also designed Dubai’s Porsche Design Towers, the two towers are connected by a 100-square-metre bridge, creating an iconic frame in the Dubai skyline. There is a museum on the ground floor that will give visitors a sense of Dubai’s transformation from fishing village to metropolis. Developer Emaar is hoping the AED 160 million project will become a tourist destination like its Burj Khalifa, and is experimenting with a paper-free ticketing system

 

LOUVRE ABU DHABI

The most anticipated museum of the 21st century opened its doors to the world on November 11th. The Saadiyat Island-based out post of Paris’ iconic Louvre was designed by Jean Nouvel and covers nearly 64,000 square metres, with 6,000 square metres devoted to the permanent collection, and 2,000 square metres for temporary exhibitions. A dome (the same size as the Louvre’s Cour Carrée) covers two-thirds of the museum, providing shade and reducing energy consumption.

 

LA MER DUBAI

The unique Meraas development opened to the public for the first time in early November. It has 1.24 million square metres of existing and reclaimed land crisscrossed with timber walkways along coastline teeming with restaurants, bars, and cafes. Play is a big emphasis, with an outdoor trampoline park opened, and a cinema and waterpark still to come.

 

SUWAIDI CULTURED PEARL FARM

Opening in January 2018, visitors to Al Rams in Ras Al Khaimah will be able to safely dive for their own pearls at the first cultured pearl farm in the Gulf. Established in 2004, Suwaidi was welcoming tourists for the first time where 40,000 oysters are annually implanted. The opening is meant to spread historic and cultural understanding of pearl diving to the Gulf, and over time. The company plans to open ve farms from the Red Sea to the Paci c Ocean, with ambitions of reintroducing Gulf cultured pearls to the global market.

 

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