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sobhahrcpristine-blog · 1 year

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MERAAS BLUEWATERS BAY APARTMENTS ISLAND DUBAI

Bluewaters Bay is a new launch luxury residential apartments property from MERAAS Properties Developers, located at Bluewaters Island Dubai UAE. The project offers 1, 2, 3, and 4-bedroom apartments for sale in one of the most prime Real Estate location Address in Dubai. The built-up area of 1 BHK Flat in Bluewaters Bay ranges between 801 Sq.ft to 1257.44 Sq.ft or 74.50 Sqm to 116.82 Sqm, the sales offer Price of 1Bedroom Flat starts at AED – 2,560,000 onwards and offers flexible payment plan options for investors. This is an off-plan under construction water-facing residence with best-in-class amenities and facilities, that is expected to be completed and handover by Q3-2027. Meraas Bluewaters Bay Real Estate offers large size 2 and 3 Bedroom Homes of sizes varying between 975.42 Sq.ft to 2347.82 Sq.ft or 90.62 Sq.m to 218.12 Sqm. This is a high-rise building comprising of TWO Towers and once completed the project will have 672 residents housing complex with well-designed floor plan layouts of different dimensions and sizes.

Most of the Apartments in Meraas Bluewater Bay come with large Balconies and a private Terrace, Investors buyers looking for a Sky Villa Duplex Penthouse purchase in this Island, the project offers 5 Bedroom Penthouse with a 180-degree view, large bedrooms and double height ceiling dining room, that comes with a saleable area of 6907.84 sq.ft. Meraas Blue Waters Bay Island offers attractive prices and flexible payment plan options. The Project location Address is well connected to JBR, Sheikh Zayed Road, Dubai Knowledge Park, Madinat Jumeirah Living, Jumeirah Beach Hotel, Palm Jumeirah, Burj Al Arab, Dubai Marina, Business Bay, Downtown, Burj Khalifa and Ain Dubai

Looking to Investing in Bluewaters Island Meraas Residences, the project offers 4 Bedroom homes with an area 2994.95 Sq.ft or 278.24 Sqm. Buying housing property in Dubai is one of the easiest processes for localities and NRI’s. The documents required are buyer’s Passport and Booking amount to start with. You can visit our Sales Center to have a personalized experience about the apartments, also We can share more details about the project availability, floor plans, master layout, sale offer price, and Booking details. Our Sales team can arrange for an online meeting, and presentation of properties for sale in platforms such as Zoom, Google Meet or Microsoft Teams.

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Call: +91 9986614410

#MERAAS BLUEWATERS BAY APARTMENTS ISLAND DUBAI #meraas bluewaters bay aparments price #meraas bluewaters bay apartments location and floor plans #meraas residential projects for sale Dubai UAE #residential villas and apartments for sale Dubai UAE

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xrealty · 2 months

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Xperience Realty: To Reach The Best Investment in Dubai Real Estate

Hey, are you here with an aim of making an investment in Dubai?

Do you find difficulty in the process of purchasing property in Dubai?

If yes, Confidence with market knowledge is what is essential in this journey…!

If that’s lacking, know that from now on you are just a short distance away from your desired property in Dubai. Since it is necessary to have a real estate agent to accompany you throughout the process of purchasing property in Dubai, Let’s see how Xperience Realty as a real estate broker company in Dubai can help you in this scenario.

What is Xperience Realty? Xperience Realty is a real estate broker company based in Dubai. Xperience Realty distinguishes itself through a strategic focus on a diverse range of real estate opportunities. Specializing in both off-plan properties and ready properties, the company offers a comprehensive range of options catering to varied investor preferences. This versatility ensures that clients can explore the dynamic Dubai real estate market with confidence. Whether people seek Dubai apartments for sale or pursue profitable off-plan investments, the company's portfolio features premium options.

Xrealty vision Holding an impressive collection of luxury developments such as Address Residences by Emaar, The Acres by Meraas, Rosso Bay Residences, and Nikki Beach Residences by Aldar, Xperience Realty can easily make you reach your desired property in Dubai's diverse real estate market. The company's Chairman and CEO remarked, "Xperience Realty goes beyond the boundaries of a traditional real estate agency, with a concept of taking the investment in Dubai real estate to the next level,” highlighting the company's commitment to maintaining the highest standards.

Xperience Team Xperience Realty together is a team of visionary leaders who always follow a continuous learning process for understanding the evolving real estate sector in Dubai and the UAE. Their strategic Dubai real estate forecast guides the company in identifying profitable opportunities by positioning the company as a leader in the competitive world of Dubai property investment.

Honor of Awards Acknowledging the outstanding contributions, the company proudly accepted the Annual broker awards for the Best Real Estate Brokers from Emaar Properties, strengthening the top position again in the industry. The company has strategically allied with major players in Dubai's real estate sector, including Emaar Properties, Aldar Developers, Meraas, Damac Properties, Nakheel Properties, Sobha, Omniyat and others.

Short List of Properties in Dubai Renowned for the comprehensive coverage of the latest projects from industry giants, the company presents a broad list of the most demanded properties in the UAE. Including the finest of Nakheel Properties like Palm Jebel Ali and Dubai Islands; the most renowned listings of Aldar Developers, such as Aldar Haven and Rosso Bay Residences; the best from Meraas Developers, including The Acres by Meraas, Nad Al Sheba Gardens, and Bluewater’s Island, as well as the top Damac Properties projects and more. The company extends its hands to Ras Al Khaimah, covering prominent projects in Al Marjan Islands, home to the first Casino of the UAE.

Why Xperience Realty? Most importantly the company is recognized as the most trusted property finder in Dubai, providing proper guidance for buying property in Dubai and the UAE. Xperience Realty always places prime importance on a client-centric approach by having a foresight of the future of Dubai. The company's dedicated team works closely with clients, addressing their unique needs and preferences. This personalized service ensures that every property transaction with Xperience Realty is an effortless and rewarding experience.

PropTube For Property Updates As the leading luxury real estate consultancy in Dubai, Xperience Realty understands that most of its clients have busy schedules and prefer keeping track of their investments on the go. So, the company has launched the world’s first real estate video streaming platform named PropTube, enabling its clients to access all of the real estate related updates from mobile devices. Foresight Initiatives from XR

As the industry continues to evolve, Xperience Realty recognized the importance of adapting to the city’s changes and embracing new opportunities. For that, the company introduced Xperience Academy to empower the Xperience brokers by making them up to date with the flows and flaws of Dubai real estate industry. Also came up with the first real estate video streaming platform to make the individuals from investors to real estate giants to be on top to receive the most up to date real estate updates.

Conclusion Xperience Realty is on its way to make up to date upgrades in the sector of Dubai real estate by deviating from the usual path that the hundreds follow. This is to help the investors of all calibers to reach the best investment opportunities in the region. According to the company’s visionary leaders, the firm delivers decades of experience with a next level passion to educate the clients about the best property options such as the most luxurious villas, apartments, penthouses and plots in Dubai. Because as a real estate broker company Xperience Realty’s focus is on making them fit for an ideal Dubai property investment…!!

#broker #realestate #business #property #realtor

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havenhomesuae · 4 months

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Meraas Bluewaters Bay Residences

Meraas Bluewaters Bay Residences, the tenth project in the portfolio of Meraas Holding Company, consists of ten residential buildings designed in a rustic style along the seafront in Bluewaters.

This distinctive area in Dubai offers a unique experience that combines urban living with beach enjoyment. The residences include a variety of apartments ranging from 1 to 3 bedrooms, including penthouses.

Thanks to the company’s extensive experience, the project boasts multiple services and exclusive advantages.

Now, you can own a unit in Meraas Bluewaters Bay Residences for an ideal lifestyle and exceptional investment, with a potential return of up to 7.1%. Ownership and investment are made easy, and you can benefit from convenient installment options for up to 5 years. Location of Meraas Bluewaters Bay Residences Meraas Bluewaters Bay Residences is the result of a fruitful collaboration with Meraas Holding Company in executing an exceptional residential apartment project.

These massive urban apartments attract various social classes and have gained wide acclaim. The company strategically chose an exceptional location that meets customer expectations.

Jumeirah Beach Residence was selected as the ideal choice for constructing these luxurious apartments in Dubai, with Ain Dubai located within the area, a breathtaking seafront destination targeted by tourists worldwide.

This location provides stunning natural views with its clever design along the seafront and beautiful waves. Entertainment and comfort facilities in the area contribute to residents’ relaxation and enjoyment of the splendid atmosphere.

The project’s main feature lies in the proximity of residential units to Ain Dubai, the 230-meter-high entertainment destination, making it a key attraction for both residents and visitors.

#Meraas_Bluewaters #UAE #United_Arab_Emirates #Dubai

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building-arabia · 1 year

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Bluewaters Bay Waterfront Apartments by Meraas – Dubai

Bluewaters Bay by Meraas offers a variety of premium waterfront freehold apartments on the manmade Bluewaters island across JBR.

The post Bluewaters Bay Waterfront Apartments by Meraas – Dubai appeared first on Building Arabia.

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#dubai #properties #Building Arabia

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ramarealestateinfographics · 2 years

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Top 5 Places to Buy Ultra-Luxury Apartments in Dubai

There is absolutely no shortage of residential properties. Housing numerous skyscrapers, you can find plentiful apartment buildings with residential units in varying sizes and configurations. Most of these units are standard apartments with essential facilities. However, if you’re looking for something extraordinary, you would need to discover ultra-luxury apartments in the Dubai real estate market. These are extravagantly designed units featuring unprecedented amenities and services for every resident. The interiors, as well as the façade, have an attractive design and each part of such apartments exude class and elegance.

You can find such apartments in numerous communities in Dubai. Whether you’re looking for an apartment for rent or to buy one, you can find your preferred abode in these neighbourhoods. Take a look at them:

Dubai Marina

One of the most trendy tourist attractions, Dubai Marina is a mixed-use neighbourhood housing numerous commercial and residential developments. It is a waterfront community busy with an active lifestyle. The sparkling views of waters add the much-desired element of serenity to this area. Buyers have a multitude of options at their disposal when it comes to selecting a building for ultra-luxury apartments in this community. Some ventures have ready properties while others have under-construction units, appropriate for those who are looking for off-plan options and willing to wait for their completion.

Palm Jumeirah

A manmade archipelago, Palm Jumeirah surely needs no introduction. This tree-shaped island earns interest from investors from across the globe and it has won the popularity it enjoys fair and square. Home to top-notch hotels, fine dining restaurants, it nestles posh apartment towers where you can find some of the best, and unnecessary to say the most expensive, residences in the world. Residents get to enjoy an assortment of lavish facilities in this community. It also has a beach club and a town centre, apart from the famous boulevard that extends for 2km.

Downtown Dubai

Downtown Dubai is a mixed-use community that places numerous popular landmarks in the emirate, including Burj Khalifa, the tallest structure in the world and Dancing Fountain, which is a spectacle to hold during the New Year Eve. Furthermore, the hugely popular Dubai Mall is also located in this community. Simply known as Downtown, it is rated among the most iconic neighbourhoods in Dubai. It enjoys a best location in the city with residents having easy entry to everything, be it basic facilities or recreational centres. It is established by Emaar Properties and features some of the most luxurious residential towers in the entire city. Fortified with world-class amenities, you can find your dream apartment for sale or rent in this community.

Jumeirah Bay Island

Jumeirah Bay Island is an influential island neighbourhood, which is quickly gaining the status of the new address of luxury in town. It has a shape similar to that of a seahorse and features some of the most pricey properties in Dubai. It’s close vicinity to the sea allows residents to get mesmerized with the splendid views of the water while having easy access to luxurious resorts, yacht clubs and many fine dining restaurants. The numerous perks and amenities residents get to enjoy here contribute a great deal in making their lifestyle luxurious.

Bluewaters Island

Bluewaters Island is another development that has made its way to the directory of places to buy ultra-luxury apartments in. It has a huge seafront observation wheel ‘Ain Dubai’, which attracts visitors from different regions. Developed by Meraas, Bluewaters Island has the latest residential projects showcasing top-notch apartments that come with ultra-exclusive amenities and luxuries. It is also a renowned tourist attraction spot and nestles various recreational centres as well. Position at the coast of Jumeirah Beach Residence, it’s prime location grants residents to enjoy captivating views of the major landmarks of the city, right from their apartments.

Other than the above-mentioned ones, there are several other communities where you can find some of the best ready and off-plan projects in UAE including ultra-luxurious apartments

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construction-chemical-manufactur · 5 years

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Expo 2020, the first global event to be held in the MENA region, is expected to attract at least 25 million visitors. Preparations have been underway for the past 2 years. Construction activities in the city will stay robust in the next one-and-a-half years with developments related to Expo 2020 being one of the main driving force behind the sector’s growth.

Construction chemical companies in UAE say that all major construction on the development is expected to finish in October 2019, leaving a full year to test and operate before the site opens its doors to the world the following year on October 2020. Leading tourist and leisure attractions across Dubai are taking shape, with projects worth millions of dirhams already underway. The following are the top 10 projects to look out for.

Dubai Frame

The Frame consists of two towers measuring 150 meters in height and connected by the 93-meter long bridge at the top. The location, in Zabeel Park, was specially chosen to give visitors the best view of the city’s older neighborhoods as well as the sparkly new stuff (such as the Burj Khalifa), while telling the story of Dubai’s transformation from a humble fishing village to glittering modern metropolis.

Dubai Water Canal Project

This three-kilometer long project starts from Business Bay into the Persian Gulf via Safa Park and Jumeirah with width ranging from 80 to 120 meters. The project also involves the construction of one shopping mall, four hotels, 450 restaurants, luxury housing, walkways, and cycleways. Additionally, it will also offer few areas measuring 80K square meters for public places and facilities and private marinas for boats.

Al Habtoor City

This project is a major development alongside Dubai’s Sheikh Zayed Road. The development will involve three five-star hotels and an eye-catching water-themed theatre.

Al Seef

Al Seef Dubai is one of the new and exciting places that Meraas developed. This is a dining, shopping and leisure destination located near the Creekside.

Bluewaters Island

Surrounded by water and detached from the hustle and bustle of the city’s mainland, you certainly get the island experience. It has the world’s largest observation wheel, along with 200 retail and dining concepts. It also features unparalleled views of the Gulf.

Marasi Business Bay

This development is on track to becoming the city’s most sought-after waterfront landmark. It is a mixed-use waterfront development, Marasi Business Bay, will eventually comprise of five marinas. According to the leading construction chemicals manufacturers, this project brings a new dimension to Dubai’s residential, tourism and retail sectors.

Jewel of the Creek

The Jewel of the Creek project in Dubai will involve hotels, apartments, offices and a conference center. Corrotech Construction Chemical say that it is set to be completed in the first half of 2019.

Dubai Cree Harbour

As the city’s natural harbour, Dubai Creek was the epicentre of Dubai trade. Focusing on the city’s source of livelihood and culture, Dubai Holding joined forces with Emaar for the Dubai Creek Harbour. Featuring the historical and environmental aspects of Dubai Creek, they formulated a master plan for a smart yet green city.

Jafza Convention Center Complex

The project includes the development of a commercial complex of 2 interconnected 34 storey twin commercial towers. These towers offer around 1,274 offices and an exhibition centre. The construction will also involve a convention centre featuring of a ground floor and 6 additional floors as well as a 600 seat auditorium and a 4-star 322 room hotel building comprising a ground floor and 8 additional floors.

Marsa Al Arab

Marsa Al Arab would spread across 4 million square feet of land, including two islands on both sides of the Burj Al Arab Jumeirah. This development offers hotels, theatres, retail space, a marina, a business district, residences and luxury villas. Its aim is to support Expo 2020 and Dubai’s tourism sector.

Expo 2020 Dubai will open on October 20th 2020 and close six months later on April 10th 2021. It will be the first World Expo to be held in the Middle East, Africa and South Asia, MEASA, region in the 167-year history of the event. Many developers have worked with the leading construction chemicals suppliers in order to ensure the quality and integrity of every construction project.

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#construction chemicals companies in uae #construction chemicals manufacturers #construction chemical

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zoomaproperties-blog · 6 years

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Facts You Must Know About Off-plan Properties In Dubai

New property has been published on https://zooma.ae/facts-you-must-know-about-off-plan-properties-in-dubai/

Facts You Must Know About Off-plan Properties In Dubai

Purchasing an off-plan property in Dubai has its risks and rewards. It allows investors to get a property at the lowest possible price compared to ready properties. The buyer or investor can purchase directly from the developer wherein they offer between 10 to 30 percent lower prices for off-plan and under-construction properties. The offer usually goes with a down-payment and settlement terms which are clearly stipulated in the sales purchase agreement (SPA). Obviously, the closer to completion, the higher the price becomes.

Before we go further into your purchase plan, you just need to understand all corners about off-plan properties in Dubai.

First, What is an Off-plan Property?

An off-plan property is a property before a structure has been constructed upon it. It is an unconstructed or under-construction property which is usually purchased from a developer or in some cases from the first owner. I.e. apartments, villas, townhouses, etc.

These days property developers are using plenty of attractive and flexible payment terms. We have seen a lot of “100% Off on Dubai Land Department (DLD) Fee”… “Pre and post-handover payment plan”… “5 to 10% upon booking”… “Guaranteed rental returns”… 50 to 100% Off on service fee”… and more aggressive advertisements just to keep up with the buyers.

For some developers in Dubai, it is not just about these eye-catching advertisements but to deliver best quality off-plan projects on time with highest expected return on investment (ROI). Being a buyer it is essential to do your research on the project developer, check out their track record, and see their previous projects – how they deliver? if the handover went on time? and how they manage any setbacks or risks i.g. change in market condition, etc.

Here are some of the most reputable property developers in Dubai.

Emaar Properties – the developer behind some of the most iconic structures in Dubai including The Burj Khalifa, The Dubai Mall, and The Dubai Fountain to name a few.

Dubai Properties – the developer behind some of the most prestigious residential projects in Dubai. Offering a portfolio of projects in areas such as JBR, Business Bay, Dubailand, and Culture Village. Some of their projects include Dubai Wharf, 1/JBR, The Villa, Manazel Al Khor, and The Executive Towers to name a few.

Nakheel – the developer of Dubai’s famous man-made islands such as the Palm Jumeirah, the World Islands, and Deira Islands as well as luxury malls and hotels.

Damac Properties – one of the leading luxury developers in Dubai, delivered over 20,800 homes and a development portfolio of more than 44,000 units across the country.

Meraas – the developer of various residential and tourist destinations in Dubai including La Mer, Bluewaters Island, BoxPark, City Walk, Jumeirah Bay, and Al Seef to name a few.

Yes, you did research on these developers but have you figured out your reasons and purpose for buying an off-plan project?

What are your Reasons for Buying?

It is certain that you’re going to buy an off-plan project. However, you should clearly know your reasons. Is it purely for investment purposes? Like you’re taking advantage of the current market and sell it in when you see opportunity in the future. Or as an end user where you would want it to be your own home.

Take into consideration that some off-plan projects are more suited to investors while others cater for end users. Once you identify your purpose, it will help narrow down your choices and you’ll be able to get the right property tailored to your needs.

There are Risks, however.

Buying an off-plan property in Dubai has its pros and cons. It is true that off-plan properties have several risks and factors that affect the construction of a particular project.

Here are few things you need to look at when buying an off-plan property in Dubai.

Project delays – the most common issue is that a project will be delayed. It may take few years after its due date for the investors to receive their property because of certain issues while some projects have been cancelled i.e. construction issues, market condition, etc. Quality risk – do not just rely on well-presented brochures, some developers do cost cutting and it doesn’t always turn out the way you expect it. Go for developers with a strong reputation of providing best quality properties.

Market risk – this type of risk occurs in all markets across the world. It happens when purchasing an off-plan, you will risk a decline in property values between the time you pay the booking fee and when receiving the keys for handover.

Financial risk – buying an off-plan property usually comes with a payment plan and you need to keep up with the date of payments. However, the risk can be a sudden change in your financial circumstances i.e. you lose your job, interest rates might increase, and insufficient mortgage loan.

In order to minimise these risks, the Dubai government has introduced numerous measures catering both developers and investors.

The Dubai Land Department (DLD) and its sub-agency Real Estate Regulatory Agency (RERA) deal with all property transactions in Dubai. The sector introduced numerous regulations which must be met by both developer and investor relating to service and transfer fees, breaches of the sale contract, and the role of escrow accounts for every purchase of off-plan properties in Dubai.

Also read: How Does An Escrow Account Work For Off-plan Homebuyers?

Also read: New Law Adjustments For Buyers Who Breach Off-plan Contracts

With so many off-plan property options available in Dubai right now, you’ll definitely locate which type of property will fit your needs and requirements. You just need to educate yourself about the risks and rewards of buying an off-plan property and weigh your options appropriately.

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dxbplanet-blog · 7 years

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How landmark projects impact Dubai real estate value

The influence that an iconic project can have on its locale is often quite dramatic. Apart from becoming a magnet for activity and development, trophy properties or iconic projects have the ability to change the value of nearby real estate. In Dubai, dozens of iconic projects in the past years have kept the city in a constant flux, with its ‘city centre’ shifting from Deira in the 1980s, to Bur Dubai, to Dubai Marina and now Downtown Dubai.

“In Dubai, flagship projects appear to create the demand and momentum for the construction of entire districts, in contrast to modern landmarks and recognisable flagships elsewhere, which have been created more organically, often within pre-existing city centres,” David Godchaux, CEO of Core- Savills, tells PW.

Several iconic projects are under way in Dubai, including the World Expo 2020 site, the Dubai Metro extension and Meydan One. Many other developments have been launched with much fanfare and publicity, claiming to become the world’s tallest tower, the highest observation wheel and the most expensive apartment, among others.

“Although this is very rare throughout the world, the closest similar examples are major regeneration projects, such as Greenwich Peninsula in London,” says Godchaux. “Previously a brownfield site, it is now the largest regeneration project in Europe. In Saudi Arabia, Kingdom Tower is currently under construction and other examples include the Pearl in Qatar, Marina Bay Sands in Singapore and the Cinta Costera in Panama City.”

The caveat is that big projects need to be more than just big to make a sizeable difference to the property values in the area. Projects such as the Dubai Opera District, The Tower in Creek Harbour and others also add various lifestyle aspects such as retail and community amenities for both residents and visitors. “They collectively enhance the environment to broaden the offering to the visitors and residents,” Nick Maclean, managing director of CBRE Middle East, tells PW. “That is an important part of making Dubai a complete market for ‘live, work and play’.”

Infrastructure, food and beverage offerings, retail and entertainment come together to create value, but some projects are inherently attractive despite not having trophy additions. Maclean says, “In so far as the [Dubai Water] Canal is concerned, one of the key reasons of its impact is the increase in quantity of waterside apartments and villas. That will almost certainly enhance the value of individual units on either side.”

Projects such as City Walk change the lifestyle in an area, making it more attractive to a demographic other than the ones originally served. “In City Walk, it’s not just enhancing the value of residential property,” says Maclean. “There was significant residential value in Jumeirah already. It is, in fact, creating a new format retail where people can live close by. The residential values are not yet fully realised. Once the retail offering is balanced and stable, we expect it to become interesting to live, shop and be entertained.”

Impact

Godchaux says that while there is an immediate gain in sentiment, actual price enhancements take time. “There has been no immediate spike in prices, but we believe in the short term there will be more of a sentimental boost,” says Godchaux. “Few investors and end users will naturally want to be among the first to invest or live there, like we saw 13 years ago with the launch of Dubai Marina. Over the next few years, with momentum building and more developments delivered in this part of Dubai, we expect to see this market maturing, with prices increasingly anchored on or linked to market fundamentals and driven by offer and demand rather than just sentiment.”

An important addition to the list of iconic projects, according to Maclean, are commercial landmarks. “Landmark schemes in the commercial sphere include the ICD Brookfield Place in Dubai International Financial Centre. That is a real trophy project — very big in scale and most significant to occupiers in the region,” he says. “It is a tempting buy for investors and occupiers.”

Large projects by their sheer scale result in a change in perception about the area. The Dubai Opera District, City Walk and the Dubai Water Canal may affect prices in Downtown, Jumeirah and other nearby areas in the long and short term.

“Over the past two or three years there has been price softening across Dubai in general, but in particular in Downtown and Jumeirah,” says Godchaux. “Excluding the Burj Khalifa, the average price was about Dh2,100 per square foot in Downtown; it is now on average around Dh1,700 per square foot. The new projects coming on board in these areas are building momentum and, once they become more mature, we are very optimistic they will have a positive impact on pricing.

“Where we see a lot of affordable or mid-market stock coming in the outer areas of Dubai, the stock coming in this part of the emirate is more prime and we don’t see an oversupply of this at the moment, which should support price appreciation with the demand naturally increasing as the momentum builds up around the Canal, City Walk and Dubai Opera.”

Dubai has seen examples of large projects, such as the Mall of the Emirates and Dubai Marina, which have had varied impact on property prices in the area. “The mall has enhanced the value in Barsha. However, it is not the most expensive location. The mall is important, but it’s not truly reflected in the value of the properties,” Maclean says. “In Dubai Marina, the property value enhanced because of the facilities around it.”

Citing the upcoming Jumeirah Central, Maclean says projects that are designed holistically have a bigger impact on real estate value. “The concept is designed to attract people to live, work and play. The concept of the scheme is very important,” says Maclean. “The facilities and components do not just enhance but maintain value. Over time the premium for new accommodation goes away. However, if the development is right with all the facilities, it continues to maintain value.”

Enhancing and maintaining value is ultimately a combination of factors, says Godchaux. “The question everywhere always is how much momentum and demand the flagship project – and its resulting surrounding development – will be able to generate and, more importantly, how to carry that demand steadily through the duration of the project,” he says. “Price is an important factor, but infrastructure and reaching the critical size that will give the project credibility are far more essential.

“There are almost no examples of this being accomplished in a short period of time outside Dubai.”

Iconic projects in the making

Jumeirah Central

A mini city development announced by Dubai Holding, Jumeirah Central will be completed in 2020-21. With

47 million sq ft of gross floor area, the project will be home to 35,000 residents. Its 9 million sq ft of retail space and 7,200 hotel rooms make it a sizeable landmark along Shaikh Zayed Road. A showcase for urban planning, the project comprises a cycling network passing through 33 parks and open-air spaces, while “aerial gondolas” provide an alternative mode of transport.

Dubai South

Launched in 2006 as the world’s first purpose-built aerotropolis, with Al Maktoum International Airport its centre, Dubai South is set to open thousands of homes, shops and offices.

Bluewaters Island

The Meraas Holdings project off Jumeirah Beach Residence (JBR) has the world’s highest observation wheel, Ain Dubai, as its centrepiece. Featuring retail, residential, hospitality and entertainment zones, Bluewaters Island will operate a mono rail system, in addition to direct road access from Shaikh Zayed Road and a pedestrian bridge linking the island to the JBR beachfront.

Palm Jumeirah

The Palm continues to introduce new elements, including an 11km waterside walkway that recently opened. The trunk and crescent are seeing many high-profile additions. The Nakheel Mall is an ongoing project too.

Dubai Creek Harbour

This is keenly watched by birding enthusiasts who are regular visitors at the nearby wildlife sanctuary in Ras Al Khor. Its centrepiece is The Tower, which will have a 360-degree observation deck. The Emaar development will also have 2km of creek-side waterfront, 679 million sq m of residential space, 851,000 sq m of commercial space, 22 hotels and 11.16 million sq m of retail.