17 Aug Target 2020: Dubai’s Most Exciting Projects
Dubai is that city that believes in progress and innovation.
Despite headwinds posed by lower oil revenues, the gross domestic product (GDP) of the UAE will moderate to 2.4 percent in 2016, according to International Monetary Fund (IMF) reports. The emirate is poised to record a 3.7 percent growth up from 3.6 percent in 2015 – exceeding the average GCC growth forecast at 1.8 percent for 2016.
Be it through real estate, infrastructure, hospitality, retail or the World Expo 2020 – one of the most awaited global events – Dubai has projects up its sleeve that are amazing enough to keep you spell bound for a long time.
More than simply adding to the skyline and glamour of Dubai, these projects are sure to be a turning stone for anyone looking to move or set up a business in the city. Let’s take a look.
Dubai World Central (DWC)
Home to the World Expo site and the new Airport which on completion is expected to become the largest airport in the world with a capacity to handle around 220 million passengers, DWC is a visionary project for the city’s trade, aviation, tourism, logistics and retail sectors.
Almost twice the size of Hong Kong Island and ten times larger than the first Dubai International Airport, DWC is an integrated city that will combine the aviation, tourism, logistics and exhibition industries into a world-class airport city and feature residential clusters and office towers.
Ideally located to serve international businesses successfully operate and reach markets worldwide, the state-of-the-art facilities available at DWC will pave way for new growth opportunities for companies and enable them to enter new markets.
Dubai Metro Extension
Plans are on to create a 15-kilometer extension of its above-ground metro train line to the World Expo site. The government expects to double the number of visitors to the emirate to 20 million by the time of the Expo in 2020 and is anticipated to spend about 8 billion dollars on mega infrastructure projects such as hotels, new metro rail links and malls.
Not just this; plans are being mapped out to deliver expansive, five-star stations and trains with larger capacities to handle visitors that are expected to attend the Expo and target travellers beyond the six-month long fair.
Dubai Water Canal
The 545 million dollar Dubai Water Canal Project when complete will become one of the world’s most unique waterfront destinations and transform Business Bay. Expected to be completed this year, the project will feature a shopping centre, four hotels, 450 restaurants and cycling trails. Offering luxury housing for the savvy investor and renter, the canal itself will be six metres deep and bridges eight metres high to allow yachts and marine craft to pass through!
MBR City – District One
Spread across 1,110 acres, the uber luxury 10 billion dollar Mohammed Bin Rashid Al Maktoum (MBR) City – District One project will be located within minutes of Burj Khalifa and Dubai Mall. Tipped to become the world’s largest man-made waterbody of its kind, the lagoons, will be spread across 90 acres and be surrounded by sandy beaches, a football ground, cycle tracks, tennis and basketball courts, retail areas and waterfront dining haunts. The project will also house thousands of luxury villas inspired by Arabic, Mediterranean and Contemporary styles set in charming villa communities.
Al Habtoor City
The 3 billion dollar Habtoor City, the world’s biggest luxury residential, leisure and hospitality development under construction, will comprise three luxury residential towers, a French-inspired garden, an iconic Las Vegas style aqua theatre and the world’s first Bentley café. Residents will also be able to enjoy premium amenities. The project is expected to be complete in 2016.
Take advantage of Dubai’s glorious future! Give us a call to set up your business in the city.
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