“The forthcoming projects of Dubai will showcase the best innovative environment in the world with visitors being able to experience the future through cutting-edge process”
Work has already begun on important tourist and holiday attractions across Dubai with developers continuing to announce new destinations. The researchers regularly monitor and update construction projects in the UAE on a daily basis ensuring your team gets accurate and timely information to help you make informed decisions and gain a competitive edge.
Top 8 Projects in Dubai
UAE government is spending billion of dirhams on the following projects:
#1 Dubai Expo 2020
Dubai, already ranked by many as the No. 1 City to live and work, is on its way to becoming a socioeconomic powerhouse of the MENA region. With this Dubai’s Iconic landmarks have attracted over 10 million tourists in 2012 and is expected to be double by the year 2020. All these combined with the UAE’s governments long term vision and strategy are many of the reasons why Dubai was awarded Expo 2020. With a GDP of 5.2 per cent in 2013 according to the International Monetary Fund (IMF) and finally awarded the emerging market status. Dubai remains on top of the chart of the world’s best performing real estate markets that’s what the Global Property Guide revealed.
The Dubai Expo 2020 will also launch the nation’s Golden Jubilee celebrations and offer the government and people a platform to realize a progressive and sustainable vision for the decades to come. 2021 vision is directly pointed to make the UAE among the best countries in the world by the Golden Jubilee of the Union.
#2 Etihad Rail – Hop on the train to Kuwait!
Please be informed that the Etihad Rail project is a vital part of the GCC Railway network and is a first of if its kind at 1,200-kilometer railway project. A network that will bridge the six countries of the Gulf Cooperation Council (GCC) starting from Kuwait and ending in Oman. It is supposed to be fully complete in 2018 and with stage 2 already underway.
#3 Dubai World Central –Al Maktoum International
At the heart of DWC is the Al Maktoum International Airport.It is built for the future need. The airport will have the capacity to handle 12 million tonnes of annual cargo capacity and 160 million passengers once completed. The infrastructure required to accommodate four additional CAT III-certified runways capable of handling four superjumbo aircraft landings simultaneously, 24 hours a day, were already in place.
#4 Dubai Metro Station Extensions:
Now areas like expo site, academic city, the midriff city center will be touched along with Sheikh Mohammad bin Zayad Road and Al khail road using the addition of merit lines. This will connect areas, making travel easier than ever before.
Related Post: Refer to top 5 real estate properties, apps Dubai in case you think online is becoming a more popular place for buyers and sellers.
#5 New Dubai Tram + Expansion of the tram:
With the aim of fighting the traffic on the marina side of the town the tram was inaugurated late 2014 with the basic route in the beginning. The expansion of the tram will take passengers to Mall of the Emirates and connect all of marina and Sufouh road. To open up these popular tourist areas the tram will also connect to the metro and the Palm Monorail. This will improve the infrastructure.
#6 Theme Parks: Legoland, Six Flags, Marvel Studios, Bollywood Theme Park!
Dubai has also laid foundation for theme parks and hotels. According to a few sources Jebel Ali will be the next theme park destination in the world. Apart from that a few big names like Legoland, a Bollywood theme park (first of its kind), Six Flags, IMG worlds of adventure will also play a bigger role. There is a huge area suggested for theme parks for people of all ages. These attractions to service will lead to the many millions of visitors forecast to visit Dubai over the next 5 years.
#7 Projects Related to New Malls in Dubai- Abu Dhabi
The UAE is growing rapidly as it has one of the highest per capita mall offerings in the world. According to real estate consultancy Frank Knight, by 2020 existing malls plus planned mall projects will account for 10 million square meters of retail space. That’s a lot of retail therapy.
There are still many new malls scheduled for completion by 2020 but probably last week’s disappointing (but understandable) news of the Mall of the World project downsizing might have you down.
Here’s a list of some of the most exciting mall projects in Dubai and Abu Dhabi to be completed by 2020:
Reem Mall and Al Maryah Central:
Abu Dhabi is rapidly catching up to Dubai in the mega-mall race. Two one billion dollar projects are due for completion in 2018 – Reem Mall and Al Maryah Central. Reem Mall is located at Reem Island and will possess the world’s largest indoor snow play center and 450 stores. In August 2015 the construction began on the nearby Al Maryah Central. It will be coordinated with the existing Galleria and boast the first Macy’s department store in the UAE and Abu Dhabi’s first Bloomingdale’s. Reem Mall’s chief operating officer, Shane Eldstom strongly feels that the market can support both malls and in fact he stated: “We are very much a family offering, while we believe Al Maryah Central is quite an upper end offering.” Dubai real estate is offered as one of the best properties throughout the world that are ready to buy out.
Residents of Palm Jumeirah who for many years had almost no retail outlets will soon have an abundance of shopping options. The two new mega-projects underway – The Nakheel Mall on the trunk of the Palm and The Pointe at the Atlantis end will shade the recently opened Golden Mile Galleria.
Nakheel Mall has been designed keeping in mind the architectural representations of water in mind and will include different variety of indoor and outdoor features that echo nature. A 180-meter high viewing deck is also on the cards and will offer visitors spectacular panoramic views of the Palm.
As far as the The Pointe is concerned it will have more of a waterfront feel with retail and pedestrian walkways looking out onto the Atlantis hotel. Offshore fountains in the bay are extremely good and thus will give The Dubai Mall a run for its money with daily aquatic displays.
Meydan One Mall:
Now coming to the Meydan One Mall, which is nothing but a part of the Meydan City development is also borrowing winning formulas from existing malls and mega-sizing them – with a 1.2-kilometer indoor ski slope (the world’s longest), a 420-meter dancing fountain (also pitted to be the world’s largest) and the world’s highest residential tower, observation deck and restaurant, this 10-year project is indeed trying to snatch The Dubai Mall’s long-standing records. Find real estate for sale in Dubai infact more than 49000 properties for sale.
The Dubai Mall is not sitting by self satisfied and infact Fashion Avenue is currently undergoing a one million square feet (that’s 15 percent of the current size) expansion project set for completion in 2016 thus bringing together the largest number of high-end fashion brands under one roof.
As far as waterfront retail expansion is concerned the Dubai Canal Project has created more opportunity for it. The Gate Towers Mall, which will straddle both sides of the canal and effectively creates a sky-high bridge across the canal will have over 400 stores and three-levels which includes a rooftop park. Watch out and read about Dubai new project Dubai water canal.
Dragon Mart is transforming into Dragon City. It is everyone’s favorite mall for the weird and wonderful. With phase two of the project already completed and four phases remain, adding a further 1.3 million square feet of retail space and parking for a staggering 12,000 cars.
It’s not all mega-malls though. There will also be an increase in the number of smaller malls serving communities. These community malls include Al Khail Avenue Mall of Jumeirah Village Triangle, Circle Mall in Jumeirah Village Circle and Emaar’s Souk brand malls, which will roll out to The Meadows and The Springs.
The UAE will certainly be looking to this vibrant retail environment to maintain economic growth with the help of lower oil price. Currently wholesale and retail account for 29 per cent of the UAE’s GDP and 25 per cent of the workforce. The UAE for sure will become the world’s mall if it is not yet. – The 40% of footfall was of non residents in The Dubai Mall’s in 2014. You can also read about a lot of discounts on used items in Dubai.
#8 Dubai Airport Road Project
Work on the Airport Street project covering Rashidiya and Casablanca Intersections in Dubai is progressing well, with almost 50% of the project ready. Phase two of the project, covering Nad Al Hamar and Marrakech Intersections, has reached 40%, a government official has said.
The $110 million development is due to be completed in the first half of 2018, said Mattar Al Tayer, the director-general and chairman of the board of executive directors of the Roads and Transport Authority (RTA).
Related Post: Al Tayer added that the work is in full swing, with phase one of the Airport Street project likely to be opened in December 2017, while the entire project will be ready in the first half of 2018. Target 2017: 10 upcoming projects in Dubai 2017.
“Works completed so far included Al Khawaneej-bound bridge at Al Rashidiya Intersection and one out of five bridges at Marrakech Intersection in the same direction,” noted Al Tayer, speaking after an inspection of the project.
“Works in a tunnel at Marrakech Intersection will start this July. As far as the progress in construction works is concerned, it has reached 70% in the flyover at Nad Al Hamar Intersection whereas the completion rate in the flyover at Casablanca Intersection has reached 50%.
According to him, the scope of work includes the construction of bridges, a tunnel at Marrakech Intersection, and bridges at Rashidiya Intersection as well as the Airport St. junctions with Casablanca St. and Nad Al Hamar St.
It takes into account improving at-grade intersections and constructing a service road of 3 lanes in each direction to disparate the traffic movement from and to Nad Al Hamar St. from the traffic on the Airport St. starting from Rashidiya Intersection up to Marrakech Intersection, stated Al Tayer.
On completion, the project will help boost the capacity of the Airport St. by an additional 5,000 vehicles per hour besides enhancing the traffic safety level, and reducing the transit time on the Airport St. from Sheikh Mohammed bin Zayed Road to Casablanca St. from 30 minutes to 5 minutes, he added.
Al Tayer has stated that the road improvements are part of the RTA’s plan to accommodate the projected growth in the number of passengers using the Dubai International Airport.
“Thus, the traffic study highlighted the importance of finalizing the Improvement of the Airport St. project by the end of 2017,” he added.
From the above blog you must have realized that the UAE government is working on the projects and the concept design has been agreed on. These forthcoming projects are watching out in Dubai. In case you have taken an interest in reading the best articles then subscribe to our Dubai poster section that comprises of articles on social media, mobile apps and security, branded cars, used cars, bikes, used bikes, hotels etc. and browse it. Also watch out for Dubai property for sale including commercial & villas & apartments.