Multi-billion dollar developments are reviving the UAE’s real estate market and raising the country’s tourism competitiveness.
These projects across the country will expand the country’s coastline and add massive green spaces, including indoor gardens, water canals, the largest urban park, elevated cycling track, mangrove walk, the longest ride, the largest wave pool, and many other amenities that attract foreigners and boost domestic tourism.
These multi-billion dirham projects will also serve the expanding population and make the home market more sustainable.
Like two decades ago, when Emirates Hills, Palm Jumeirah, and other significant projects were unveiled, Dubai’s property market is experiencing another revival with multiple multi-billion developments.
Master developer Emaar Properties’ $20-billion “The Oasis by Emaar” would have over 7,000 huge homes and villas surrounded by canals, lakes, and parks on over 100 million sqft. This will be another high-end building by the developer in the UAE, likely following the success of Emirates Hills, home to international wealth.
25% of the area is dedicated to lakes, water canals, parks, jogging tracks, green spaces, four international golf courses, and luxury amenities to give inhabitants a resort-style upmarket living experience.
Residents will have a range of food and beverage outlets and high-quality shopping alternatives in 1.5 million square feet of retail space.
Hudayriyat Island, which covers more than 51 million square meters—53.8% of Abu Dhabi Island—will alter the UAE capital’s sports and adventure offers.
The largest urban park in the emirate and a 220-kilometer cycle track network will make this project unique. The world’s largest and most advanced artificial wave facility will offer high-performance surfing with the longest ride, biggest barrel, and largest manufactured wave pool.
The largest urban park in the emirate, at over 2.25 million square meters, will offer outdoor adventures and encounters. An elevated bike track, eco-tourism platform, and Mangrove Walk will be included. Eco-farming, food and beverage shops, playgrounds, and an events valley will also be there.
The island has Marsana Beach, OCR Park, Trail X, Bike Park, 321 Sports, Bab Al Nojoum glamping resort, and more.
Palm Jebel Ali
Dubai’s coastline will change once Palm Jebel Ali, twice the size of Palm Jumeirah, is approved. Palm Jumeirah is one of the few projects visible from space, reflecting its size.
This 13.4-square-kilometer multi-billion dollar development will offer residents and visitors huge green areas and innovative waterfront experiences. Dubai’s Palm will have 80 hotels, 35,000 households, and a 110km shoreline. This project will be ultra-luxury, like Palm Jumeirah, attracting more millionaires and billionaires. Renewable energy will power 30% of public facilities.
Sharjah’s newest development, Maryam Island, is being built alongside Dubai’s Al Mamzar. Over 35,000 units will be in 38 residential structures on 3.3m sqft.
Residents and visitors will enjoy a 900-meter coastal promenade, health clubs, swimming pools for kids and adults, an indoor garden, Maryam Park, jogging tracks, basketball facilities, and a playground.
The northern emirate’s few freehold projects include Shurooq’s Khorfakkan Residence in the Hajar Mountains. Water park slides, sports, swimming pools, beach access, and other attractions await inhabitants.