The real estate market in the United Arab Emirates (UAE) is experiencing a remarkable resurgence, marked by the launch of multi-billion dollar projects that are set to reshape the country’s landscape and elevate its position in tourism competitiveness rankings. These ambitious developments, scattered throughout the country, aim to expand coastlines, create vast green spaces, and offer an array of amenities to attract both foreign visitors and promote domestic tourism.
This article highlights some of the notable projects that contribute to the ongoing renaissance of Dubai’s property market and enhance the sustainability of the UAE’s residential sector.
- The Oasis by Emaar: A Luxurious Haven
Emaar Properties, a renowned master developer, has unveiled “The Oasis,” a $20-billion project covering over 100 million sqft. This expansive development will feature more than 7,000 large mansions and villas surrounded by water canals, lakes, and parks. The developer aims to replicate the success of Emirates Hills, a prestigious community known for housing millionaires from around the world. With a focus on providing a resort-style upscale living experience, The Oasis dedicates 25% of its land to lakes, water canals, parks, jogging tracks, green spaces, four international golf courses, and a variety of luxury amenities. Additionally, a sprawling retail area of 1.5 million square feet will cater to residents’ shopping and dining needs.
- Hudayriyat Island: A Sports and Adventure Destination
Spanning over 51 million square metres, Hudayriyat Island is poised to become a game-changer in Abu Dhabi’s offerings, particularly in sports and adventure activities. This project boasts the largest urban park in the emirate and a 220-kilometre network of cycle tracks. It will be home to the world’s biggest and most advanced artificial wave facility, providing high-performance surfing experiences, including the world’s longest ride, biggest barrel, and largest man-made wave pool. With an area of over 2.25 million square metres, the island will also feature an elevated cycling track, an eco-tourism platform, Mangrove Walk, an eco-farming space, food and beverage outlets, playgrounds, and an events valley. Existing attractions on the island, such as glamping resorts, beaches, and sports facilities, contribute to its allure.
- Palm Jebel Ali: Reshaping Dubai’s Waterfront Landscape
The approval of the Palm Jebel Ali project signifies a monumental transformation of Dubai’s waterfront. This development, twice the size of Palm Jumeirah, encompasses 13.4 square kilometres and will introduce extensive green spaces and new waterfront experiences for residents and visitors alike. The Palm Jebel Ali will accommodate 80 hotels, house 35,000 families, and add 110 kilometres of coastline to Dubai. Mirroring the luxury of Palm Jumeirah, this project aims to attract affluent residents and further establish itself as a sought-after address. Approximately 30% of the public facilities will be powered by renewable energy, aligning with the UAE’s commitment to sustainability.
- Maryam Island: Sharjah’s Waterfront Community
Sharjah’s latest development, Maryam Island, spans 3.3 million sqft and is situated parallel to Dubai’s Al Mamzar area. With 38 residential buildings comprising over 35,000 units, this community offers a 900-metre waterfront promenade, fitness clubs, swimming pools, an indoor garden, Maryam Park, jogging tracks, basketball courts, and a playground for children. Its proximity to Dubai adds to its appeal, making it an attractive destination for property buyers and tenants seeking a vibrant coastal lifestyle.
- Khorfakkan Residence: Northern Emirates’ Enclave
Shurooq’s Khorfakkan Residence, nestled against the backdrop of the Hajar Mountains, is among the few freehold projects available in the northern emirate. Residents of this development can enjoy water park slides, water sports, swimming pools, access to an open beach, and other amenities. The project’s proximity to the Khorfakkan Amphitheatre and scenic waters further enhances its appeal.
The UAE’s real estate market is undergoing a remarkable transformation with the launch of multi-billion dollar projects that will redefine the country’s landscape and bolster its tourism competitiveness. These developments promise luxurious living experiences, expansive green spaces, and a wide range of amenities to attract both local and international buyers and tourists. With a commitment to sustainability and a focus on creating world-class destinations, the UAE continues to position itself as a global leader in real estate innovation and a premier destination for luxury living.
