List of development projects in Dubai
The government's decision to diversify from an oil-based economy, and to make Dubai the main hub of tourists in the world, has made and other developmental projects such as Dubailand, more valuable, resulting in the property boom from 2004 to 2007. There are over 1,500 major freehold developments & communities in Dubai.[1] Construction on large scale is a part of Dubai Strategic Plan 2015 unveiled by Mohammed bin Rashid Al Maktoum, the Ruler of Dubai, to maintain economic growth and to put Dubai on the map of the world, and a tourist destination of the world.[2] Construction on large scale has turned Dubai into one of the fastest-growing cities in the world. There are a number of large-scale projects which are currently under construction or will be constructed in the future. Due to the heavy construction which is taking place in Dubai, 30,000 construction cranes, which is 25% of cranes worldwide, were operating in Dubai in 2012.[3] Currently multibillion-dollar construction projects are taking shape in Dubai.
Global financial crisis of 2008–2009
However, due to the Global financial crisis of 2008–2009, several mega projects had been put on hold, including Palm Islands, Dubailand, the Arabian canal, Dubai Exhibition City, The Lagoons, Jumeirah Garden City. Apart from this many supertall skyscrapers have also been put on hold that includes Pentominium, Burj Al Alam, Marina 106, and Dubai Towers Dubai. Construction on Palm Jebel Ali and The world islands were expected to be resumed in 2010, however recommencement has been further delayed.[4][5] Construction on other halted projects is likely to be resumed in 2011.[6]
Recovery from global financial crisis
In a report published by Forbes on October 22, 2012, says Dubai has recovered faster from the financial crisis than most other countries and now its economy is growing in a higher rate than its counterparts because of its zero tax policy and economic free zones. The estimated GDP growth rate of Dubai in 2012 was 4.5%.[7] The growth was mainly driven by the tourism, commerce and industrial manufacturing sectors.[8]
According to the UAE's Ministry of Finance, Dubai's government has allocated 32.3 billion dirhams ($8.8 billion) for infrastructure projects in 2012, marking a return to big spending on such projects as some of these projects had been stalled due to lack of funding.[9]
In November 2012, Sheikh Mohammed bin Rashid Al Maktoum announced fifteen new projects worth more than $187 million. These projects are a part of the municipality’s 2013 to 2015 strategic plan of Dubai.[10]
Mixed use developments
Project | Developer | Expected completion | Costs | Area | Description | |
---|---|---|---|---|---|---|
1 | Dubai Marina | Emaar | Complete | 1.56 km2 (0.60 sq mi) | World's largest man-made marina, with 200 residential and hotel high rises | |
2 | Nakheel Properties | Complete | 1.8 km2 (0.69 sq mi) | Comprises 79 high-rises, mostly residential skyscrapers. | ||
3 | Business Bay | Dubai Properties Group | Complete | AED 110 billion (US$30 billion) | 80 million sq. ft. | Comprises 240 high- and low-rise buildings, mostly residential and mixed-use skyscrapers.[11] |
4 | Jumeirah Garden City[A] | Meraas | On-Hold | AED 350 billion[12] | 9 km2 (3.5 sq mi)[13] | |
5 | Culture Village | Dubai Properties | mid-2016 | 3.71 km2 (1.43 sq mi) | ||
6 | Jumeirah Village | Nakheel Properties | 2013 | AED 2.4 million | 8.11 km2 (3.13 sq mi) | |
7 | Jebel Ali village | Nakheel Properties | 2013 | 5.20 km2 (2.01 sq mi) | The city is expected to accommodate around 500,000 people. | |
8 | Al Maktoum International Airport | Dubai Holding | Fully operational in 2025 | US $80 billion. | 1.56 km2 (0.60 sq mi) | Upon completion it will be the largest airport in the world.[14] |
9 | Dubai Creek Harbour | Emaar | late 2020 | 70 km2 (27 sq mi) | ||
10 | Dubai The Sustainable City | Diamond Developers | Complete | 46 hectare | The first net zero energy city in Dubai.[15] |
Other projects
Project | Developer | Expected completion | Costs | Area | Description | |
---|---|---|---|---|---|---|
1 | Dubailand[C] | Dubai Holding | Partially under Construction, 2020 | US$64.3 Billion | 278 km2 (107 sq mi) | Dubailand will be world's largest Retail and Entertainment World, twice the size of Walt Disney World Resort, it include 45 mega projects and 200 sub projects. Currently, there are currently 22 projects under construction, 6 are complete.[16] |
2 | Arabian Canal[A] | Limitless | Halted temporarily | US$50 Billion | 75 km long | Will be world's largest man-made canal, Construction work on Phase 1 of Arabian Canal is currently in progress, however construction on much of the Arabian Canal is currently halted. |
3 | Jumeirah Garden City | Meraas | Halted | US$95 Billion | 9,000,000-square-metre | Jumeirah Garden City will be built across an area north of Sheikh Zayed Road between Diyafa Street and Safa Park.[13] |
4 | Dubai International City | Nakheel Properties | Complete | US$95 Billion | 8.2 km2 (3.2 sq mi) | Dubai International city is a country-themed architecture of residences, business, and tourist attractions.[17] |
5 | Dubai Exhibition City[A] | On-Hold | AED 8 Billion | 280,000 m2 | Dubai exhibition city upon completion will home to world's longest single column-free exhibition hall in the world.[18] | |
6 | Dubai Meydan City | Partially Complete | AED 8 Billion | 3,700,000 m2 | The development includes, Meydan Racecourse hotels, sky-bubble restaurant, entertainment, clubs, a concourse plaza, towers and a boat-house. | |
7 | Mohammed bin Rashid City | Partially Complete | AED 8 Billion | 800 million Sq ft | The development includes, Meydan Racecourse hotels, sky-bubble restaurant, entertainment, clubs, a concourse plaza, towers and a boat-house. | |
8 | Al Sufouh Tramway | Dubai Roads and Transport Authority (RTA) | November 2014 | AED 3.18 Billion | 14.5 kilometers (9.0 mi) long | Al Sufouh Tramway is a tramway being built in Al Sufouh, Dubai. It will run along Al Sufouh Road from Dubai Marina to the Burj Al Arab and the Mall of the Emirates.[19] |
9 | Dubai Frame | Complete | AED 160 Million | 150-metre-high, 93-metre-wide | Dubai frame is a tourist attraction built near the Star Gate of Zabeel Park.[20] |
Artificial reclaimed islands developments
Project | Developer | Expected completion | Costs | Area | Description | |
---|---|---|---|---|---|---|
1 | Palm Jumeirah | Nakheel Properties | Complete | $12.3 billion | It is the world's largest man-made island. | |
2 | Palm Jebel Ali[A] | Nakheel Properties | Temporarily On-Hold | Will accommodate over 250,000 people by 2020.[21][22] Construction will be resumed in coming months[5] | ||
3 | Deira Islands[A] | Nakheel Properties | scaled down, 2020 | 12.5 km2 (4.8 sq mi) by 7.5 km2 (2.9 sq mi) | Will be the largest palm island, in Dubai. | |
4 | The Universe[B] | Nakheel Properties | On hold | 30 km2 (12 sq mi) | ||
5 | The World Islands[A] | Nakheel Properties | complete, but most islands are still unoccupied | $14 billion | 9 km (5.6 mi) and 6 km2 (2.3 sq mi) width | |
6 | Dubai Waterfront[A] | Nakheel Properties | On hold | 130 km2 (50 sq mi) | The Dubai Waterfront is expected to become the largest waterfront and largest man-made development in the world. | |
7 | Skydive Dubai | Nakheel Properties | 2012 | 1.06 km2 (0.41 sq mi) | ||
8 | Dubai Maritime City[A] | Dubai Holding | complete | AED 3 billion | 2.27 km2 (0.88 sq mi) | It will be the world's first purpose-built maritime centre |
9 | Jumeirah Garden City[A] | Meraas | 2013 | AED 350 billion [12] | 9 km2 (3.5 sq mi) | Some portion of this development is being reclaimed off the coast near jumeirah |
10 | Bluewaters Island[D] | Meraas | 2018 | AED 6 billion | Announced on February 13, 2013. Dubai Eye giant Ferris wheel will be built on this island. Construction is almost finished.[23] | |
11 | Dubai Harbour | Meraas | 2020 | AED 8 billion | 135 km2 (52 sq mi) | Announced on January 2, 2017. Palm Jumeirah Logo Island Construction Dubai Harbour and Emaar Beachfront by Emaar |
Bridges
Project | Developer | Expected completion | Costs | Length | Description | |
---|---|---|---|---|---|---|
1 | Sheikh Rashid bin Saeed Crossing | Dubai Roads and Transport Authority (RTA) | 2015 | 2.5 billion dirhams | 1.6 km (0.99 mi) | It will be the world's longest arch bridge |
2 | Dubai smile | Dubai Roads and Transport Authority (RTA) | completed in 2012 | 810 million dirhams | 300 meters |
See also
References
- ↑ "Real Estate Projects in Dubai". Lookup.ae. 2015-03-26. Retrieved 2015-03-26.
- ↑ "H.H. Sheikh Mohammad unveils highlights of Dubai Strategic Plan (2015) - Dubai...Where the Future Begins | Dubai Strategic Plan 2015". AMEinfo.com. 2007-02-26. Retrieved 2011-12-13.
- ↑ "gulfnews : Dubai has 30,000 construction cranes". Archive.gulfnews.com. 2006-06-18. Archived from the original on 2009-02-02. Retrieved 2011-12-13.
- ↑ Spencer, Richard (17 December 2009). "Dubai: Developer says work to resume on The World islands". The Daily Telegraph. London. Retrieved 8 May 2010.
- 1 2 Sarah Blackman. "Palm Jebel Ali enabling works to be awarded soon". ConstructionWeekOnline.com. Retrieved 2011-12-13.
- ↑ "Saudi's Tanmiyat to resume UAE developments in 2010 - The National". Thenational.ae. Retrieved 2011-12-13.
- ↑ "Dubai has recovered faster because of zero tax economic free zones". Forbes.com. Retrieved 30 March 2013.
- ↑ "Dubai growth ismainly driven by the tourism". Al-shorfa.com. Retrieved 30 March 2013.
- ↑ "المشارق".
- ↑ "Archived copy". Archived from the original on 2013-06-28. Retrieved 2013-02-15.
- ↑ "Business Bay, Dubai". Dubaipropertiesgroup.ae. Retrieved 30 March 2013.
- 1 2 "Meraas Development launched Dh350 Billion Jumeirah Gardens". Dubaichronicle.com. 2008-10-07. Archived from the original on 2009-02-16. Retrieved 2011-12-13.
- 1 2 "Meraas cuts back Jumeira Gardens - The National".
- ↑ "Al Maktoum International Airport". Zawya.com. 30 March 2013.
- ↑ "The Sustainable City, Dubai « 2016 UNEP FI Global Roundtable". www.unepfi.org. Retrieved 2017-06-01.
- ↑ "Dubailand". Dubailand.ae. Archived from the original on 27 May 2008. Retrieved 30 March 2013.
- ↑ "Nakheel - Where Vision Inspires Humanity".
- ↑ "Samsung to build $354mn Dubai exhibition hall".
- ↑ gulfnews.com/news/gulf/uae/traffic-transport/dubai-s-first-tram-project-taking-shape-in-al-sufouh-1.47163
- ↑ "Dubai Frame". tumblr.com. Retrieved 7 May 2014.
- ↑ "Palm Jebel Ali enabling works to be awarded soon - progress update". Constructionweekonline. 4 October 2007. Retrieved 2007-10-28.
- ↑ Blackman, Sarah. "Palm Jebel Ali enabling works to be awarded soon - ConstructionWeekOnline.com".
- ↑ Report, Gulf News (13 February 2013). "Dh6b tourism project in Dubai unveiled".
External links
- Dubai Real Estate Agency
- Mall of the World: World's First Temperature Controlled City - Dubai Announced Mall of the World Project on June 5, 2014
- Dubailand website
- Emaar website
- Dubai Holding website
- Official website
- Construction Technology & Building Material Projects Tenders in Abu Dhabi, Dubai, UAE