As the year approaches its intermission, top real estate developers have much to look for in terms of the best property investments.
The UAE’s rapid and wanton development remains an unrivalled story of a country that’s always a step ahead in setting benchmarks and breaking records.
The sector is leaving no stone unturned in delivering some of the finest properties in the coming months.
THE DEIRA ISLANDS
A 15.3 square km A waterfront city slated on a 15.3 square km area which will add hundreds of new hotels, serviced apartments, marinas and mixed-use buildings.
Composed of four islands, the project’s targeted focus is an exorbitant shopping centre coupled with an Arabic styled night market. The project will also add an amphitheatre with a capacity for 30,000 people and a marina that can accommodate large yachts.
Planned to be completed by Q3 2018 at an expense of $150 million, The Deira Islands are being speculated to bring in a gargantuan amount of revenue to the real estate sector.
Frequent visitors to JBR this year would have noticed amazing new structures adorning the waters across Bluewaters Island, especially the large centrepiece titled Ain Dubai which is expected to become the world’s largest observation.
Developed by Meraas Holding and amounting to a whopping Dh8 billion, it is set to include hotels, residential units with service and recreational facilities.
While there have been only scanty details mentioned about this magical new project, it is expected to be completed by the fourth quarter of 2018. Taken from the story pages of characters like Aladdin and Sinbad, the three shimmering structures have been designed to resemble genie lamps.
A 900 car parking space will be provided by two underground parking blocks both of which will have a public park at their roofs. Promotional material suggests that the buildings(one 33-floor hotel and two commercial towers of 24 and 25 storeys), will be connected by air-conditioned bridges and walkways, rising over Dubai’s Dhow Wharfage.
100 VILLA RESORTS
Property giant Seven Tides had announced plans for a 100-villa resort on The World Islands in Dubai by Q4 2018.
The group had purchased the 10 plots that form the ‘South American’ portion of The World Islands and plan on developing the resort on its smallest island, which faces Dubai’s Jumeirah area.
ME BY MELIÁ
The Spanish hotel brand will make its entry into the Middle East by the end of 2018, anticipated to become the lifestyle destination in Business Bay, spanning across 6,000 square feet of leasable area.
A conception by Dame Zaha Hadid in collaboration by Omniyat, the rooms and interiors will be designed personally by her and will be situated within ‘The Opus’, also designed by the late architect.
It is scheduled to contain 93 rooms and suites across 19 floors with 98 serviced apartments and an exclusive room labelled the ‘Suite ME’.