Within the last couple of decades, the city of Dubai has completely transformed from a barren land into a widespread tourist attraction as well as a real estate hub. Lying within the gulf hemisphere, the conurbation is also known as “the city of gold”, deemed upon the fact how precious opportunities it tends to offer to the investors along with serving as the major exporter in the gulf region.
Beauty of Real Estate in Dubai
For many people, Dubai serves as a second home because of the cultural heritage, traditional values preserved within. Mostly emigrants tend to get settled in this central business hub for the sources and career opportunities the city provides. Within a short span, Dubai has turned in a lot of investors and venture capitalist due to the ever-growing expatriate settlings and the elements associated within. Just because of the constant requirement of residential properties in Dubai and places to fulfill the cause, the ministry of Dubai is always working on the action to build up a program that could help to meet the expectations and needs of the city’s forever growing residency.
According to the latest survey was conducted by officials in the framework, ahead of Expo scheduled in 2020 in Dubai, a total 136 of projects under development are expected to ramp up by the developers of the city so that at least 25 percent of residential units’ requirement could be met up with. As per the reports, it suggests that up to 48,000 freehold aboding units are under construction in the city of Dubai which are expected to be wrapped up by Expo 2020.
In order to provide you a clear and a better perspective of the ongoing projects, we have listed some of the new residential projects in Dubai that are planned to be constructed by 2020 in Dubai.
The developers hovering in Dubai are all set to contribute to the cause of locating and building widespread residential projects in Dubai and with Expo 2020 approaching, Dubai is all set to develop a well settled economy in the region that could also prove fruitful in opening a more open based opportunity to emigrants and fellow individuals in the region.
Al Habtoor City
Dubai seems to be the only city in the world, where luxury could be afforded with the enormous scale of existential constructional projects spread within the territory. Among those projects, Al Habtoor City seems to have emerged as the most awaiting project under construction because of the reasons the project has to offer.
Scheduled to be completed by 2020, Al Habtoor city is estimated to bear a total preliminary cost of $3 billion dollars. The project compromises of triple hotels, a total of three extravagant suburban towers and an aqua theatre based on the classical Las Vegas culture.
Dubai Creek Harbor
Dubai Creek harbor, a districted tower project being constructed under the collaboration of Dubai Holding and Emaar properties. Dubai Creek harbor compromises of six towers that is thought to beat the record of Petronas by constructing the biggest twin tower in the world.
The project is scheduled to be completed by 2020, while consisting a total of 22 hotels with a major 39 thousand housing entities lying within.
District One – MBR city
In District One Apartments the MBR city is located within few miles of Burj Khalifa extending up to a total area of 440 hectares. This city compromises of a substructure alongside vertical structures that consists of cycling, jogging track. not only this, the widespread area also consists of hospital, entertainment zones and a separate lagoon reserved for kayaking and swimming service.
Scheduled to be completed by 2020, MBR city- district one bears a whopping preliminary cost of $10 billion dollars.
Arabian Ranches 3
The latest project that has found intense positive reviews within the last few months belongs to Arabian Ranches 3. Arabian Ranches 3 is a newly introduced scheme being supervised under the banner of Emaar properties. Although this third edition of Arabic Ranches is planned to be finalized by the year of 2022 but even after the project has gathered a lot of major attentions worldwide because of the prolific residential schemes and services the project has to offer.
To be continued… Top New Residential Projects in Dubai Part 2