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Tag: mixed-use development

  • Emaar to Unveil Dh200 Billion Dubai Masterplan for 150,000 Residents

    Emaar to Unveil Dh200 Billion Dubai Masterplan for 150,000 Residents

    The project will feature a total built-up area exceeding 4.5 million square metres, incorporating a comprehensive mix of residential towers, villas, mansions, offices, retail, hospitality, cultural spaces and civic amenities.

    The company has not yet disclosed the name or precise location of the development, but confirmed the full unveiling is imminent.

    A City Within the City

    The project is being described as a self-sustaining urban district, combining homes, workplaces, schools, healthcare, mosques, retail and cultural venues within a walkable community.

    Emaar said the development will be structured around the principles of the 20-minute city, with proposed metro connectivity, smart mobility infrastructure, EV-friendly pathways, cycling routes and app-integrated community services.

    The masterplan will include landmark residential towers with views oriented towards Burj Khalifa, Burj Al Arab and Palm Jumeirah, alongside an exclusive gated villa enclave with five and six-bedroom residences and mansions.

    At the centre of the district, a high street and grand boulevard will bring together shops, restaurants, cafes and cultural experiences, giving the development a retail and lifestyle spine similar to the integrated communities that have shaped Dubai’s real estate market over the past two decades.

    Villas, Towers and Green Space

    The new district will combine high-density urban living with resort-style residential pockets, including private gardens, water features, parks, community lagoons, lakes, shaded promenades and dedicated cycling paths.

    A central district park is planned as one of the main public spaces, with sports courts, event lawns, splash parks, beach areas and outdoor wellness zones.

    The masterplan will be divided into five character zones: a Business Hub, an Urban District, a Young Families Cluster, a Family Living Zone and an exclusive villa enclave.

    We have always believed that the greatest cities are not built, they are dreamed. What we are about to reveal is our most extraordinary dream yet: a place where the finest architecture, the most immersive landscapes and the most advanced thinking about how people live come together in one magnificent vision.

    Mohamed Alabbar, Founder of Emaar Properties, emphasized the project’s scale and ambition.

    “This development reflects our deep confidence in the future of the UAE and our belief in the visionary leadership that continues to create an environment where ambition, innovation and bold ideas can thrive,” he added.

    The announcement follows Emaar’s record Dh22.4 billion in Q1 sales, demonstrating sustained investor appetite for the developer’s projects. Dubai Holding recently became Emaar’s largest shareholder with a 29.73% stake, reinforcing institutional confidence in the company’s long-term strategy.

    The project reflects broader momentum in Dubai’s property sector, where transactions climbed 31% year-on-year in Q1 2026 despite regional challenges.

  • Dubai South and Majid Al Futtaim Launch Dh62 Billion Mixed-Use Community

    Dubai South and Majid Al Futtaim Launch Dh62 Billion Mixed-Use Community

    The new development will be located near Al Maktoum International Airport in Dubai South, featuring a diverse range of residential, retail, and lifestyle units across 22 million square feet. The project will be anchored by a large shopping mall, marking one of the most significant partnerships in Dubai’s evolving urban landscape.

    A growing number of developers are concentrating on the Dubai South area in anticipation of Al Maktoum International Airport’s opening, which will become the world’s largest airport upon completion.

    “Dubai continues to demonstrate the resilience and strength of its economy through strategic developments that reinforce its position as a global destination for investment, business, and quality living,” said Nabil Al Kindi, Group CEO of Dubai South.

    Ahmed Galal Ismail, CEO of Majid Al Futtaim Holding, emphasized the development underscores the company’s long-term confidence in Dubai’s growth trajectory and its commitment to creating destinations that deliver lasting economic value.

    “Dubai South is emerging as the next major chapter in the city’s development. Dubai continues to set a global benchmark for resilience and ambition, and our collaboration with Dubai South is a strategic investment in the emirate’s future, helping to build its next economic hub through an integrated destination that brings together retail, entertainment, hospitality, and residential experiences within one of Dubai’s fastest-growing urban hubs.”

    Dubai South represents one of Dubai’s largest master-planned urban developments, spanning 145 square kilometres and centred around Al Maktoum International Airport. The strategic location positions the new community within a rapidly expanding economic zone designed to support Dubai’s long-term growth ambitions.

    With owned assets valued at $20 billion, Majid Al Futtaim holds the highest credit rating (BBB) among privately held companies in the region. The company operates 29 shopping malls, including the flagship Mall of the Emirates, Mall of Egypt, and Mall of Oman, as well as the iconic City Centre destinations.

    The announcement comes as Dubai’s property market recorded over Dh180 billion in transactions during the first quarter of 2026, reflecting sustained momentum across multiple sectors. The partnership between Dubai South and Majid Al Futtaim signals continued developer confidence in the emirate’s real estate landscape, particularly in strategically positioned master-planned communities.

    The Dh62 billion investment adds to a series of major announcements that have characterized Dubai’s property sector in recent months, with developers launching projects across the emirate despite regional geopolitical challenges. The scale of the development underscores the strategic importance of Dubai South as a future economic hub, particularly as infrastructure projects such as the $9 billion Gold Line Metro expansion enhance connectivity across the emirate.