Dubai Waterfront Property

Many may have questioned what the Dubai property market could do to top its previous efforts in the freehold market. After all, here is the place that brought the world The Palm Jumeirah, and then stepped up with another 2 Palm projects of even greater size, quickly followed by The World, and the of course the Burj Dubai. However this list of above properties may soon have to get used to playing the role of supporting cast to Nakheel's newest undertaking, The Dubai Waterfront. And to have such a large impact on the Dubai freehold real estate market, The Dubai Waterfront is going to have to bring something very special to the market. And that’s exactly what it does.

The facts and figures involved really are difficult to comprehend. The largest waterfront development in the world is no small feat, but this will also be the largest man made development ever created. The Dubai coast line has become somewhat used to changes in the past few years with the Palm and World projects, but this will be nothing compared to what the Dubai Waterfront will bring. Building will be centered on the last 15 Km of natural coastline left in Dubai, to which the development will add another 820 Km, increasing the Dubai's current coast by some twelve times. The Dubai waterfront looks set to be as spectacular as it is large. Bigger than Manhattan, The Dubai Waterfront will cement Dubai's already strong position as the place to do business within the region. Building upon the solid basis set down by Dubai Business Bay, The Dubai Waterfront take things to another level yet gain.

With a position on the western Dubai Coastline, just minutes away from Jebel Ali, and located in between Abu Dhabi and central Dubai, The Dubai Waterfront is ideally suited to take advantage of all both Emirates have to offer. And Jebel Ali, with its dedicated business free zone, port and Dubai's soon to be second airport, offers the Dubai Waterfront ideal transportation options to extend its appeal both regionally and international. And with all that is being built as a part of the development, the appeal of purchasing here will be truly global.

Developer Nakheel estimates that once finished the Dubai Waterfront has the potential to be called home by around 1.5 million people. The development looks set to become a city within its own right. Here goes beyond simple freehold residential and commercial property for sale. The development is geared up so as to generate yet more growth within Dubai and attract continuing investment to the Emirate. As what could become the newest symbol of Dubai, Nakheel has been careful so to minimize the environment impact that The Dubai Waterfront has on the surround areas. Dedicated utility plants will be built on site as to maximize water and energy conservation efforts within with project.

Covering just under one and a half billion square feet, the development will offer commercial, industrial, tourist and residential areas, with some 250 freehold communities based on the development. The project is broken down in to 10 main districts Madinat Al Arab, Al Ras, The Palm Boulevard, Uptown, Downtown, Corniche, The Riviera, Boulevard, Exchange and The Peninsula. Madinat Al Arab, based on the shoreline will be the centre point of the project. The Al Burj, a 750 meter skyscraper located here will be the focal point of the area, standing proudly looking out over the waterfront and Palm Jebel Ali. Some AED 13 billion worth of property in Madinat Al Arab was sold within a matter of days to private investors when initially released. Other property will no doubt prove as popular when it comes onto the market. Therefore the freehold property here offers unlimited possibilities for investors wanting to purchase real estate in the Emirate. It is unlikely a project of such magnitude will come around again, so buyers should give the potential of what is on offer here some serious consideration.

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