Dubai Property Update - Burj Dubai, Downtown Dubai, Dubailand and Dubai Marina

With so much going on in the Dubai real estate market is can sometimes be hard to stay adrift of all the comings and going with Dubai property. Very few property markets move as quickly as has been seen here in Dubai, with new projects continuing to be announced on a very frequent basis. Whilst the current talk about the Dubai property market has been focusing on the possibility of a property downturn, things are continuing as normal here, and why shouldn’t they. If we had listened to what some where saying, we would have been due a property crash a good 2 years ago! But the freehold property market continues to defy the speculation, and interest in Dubai property remains strong. This leads me on to informing you as to what the current state of play is with some of Dubai’s most popular freehold real estate developments and if you are looking to invest in Dubai real estate or sell Dubai property this should be useful.

Well first, let’s start with the Burj Dubai, as this is one development that it is hard to look past in more than one way! With being the world’s tallest building amongst many other honors, it is certainly not struggling to get the attention of the world’s media! As the tower continues its rapid assent towards the sky, so does interest in the project continue to soar. The building has continued to break records, last year it beat the CN tower in Toronto to the mantle of world’s tallest freestanding structure, and the Burj Dubai now currently stands at a breathtaking 688 meters! And scarily still, it still is not finished despite being over 160 stories tall! When complete it will meet all the criteria necessary to be classified as the world’s tallest structure. This is certainly no ordinary project, and Emaar has yet even to release the towers final height. Even if they were to stop building today, this is already one truly spectacular piece of real estate, and those lucky enough to be able to afford to purchase here certainly look not to regret the decision. 

And with the Burj Dubai capturing so much attention, it can sometime be easy to overlook the rest of the Downtown Dubai project which the Burj anchors. Yet despite having a lot of its spotlight stolen by the Burj Dubai, Down Town Dubai has a huge amount of property on offer, which has all proven very popular. The whole Downtown Dubai project has been expertly planned, and has a wide range of building style on offer. Due to the massive scale of the project, buildings are being completed one by one, but once the development is finished it will feature the world’s largest shopping mall, the Dubai Mall, Hotels, leisure outlets, water features and plenty green areas in which to relax and play. More and more properties here seem to be reaching completion, and give the speed at which the development has shot up; it won’t be long until the development as a whole is up and running.

Another Dubai property development that has really caught the attention of people around the world is Dubailand. But to call this undertaking merely a ‘property development’ is to sell it somewhat short! Dubailand is set to be a 3 billion square foot tourism, real estate, entertainment and hospitality development that will redefine what was considered possible in this regard. Consisting of 45 mega projects, which will be further broken down into 200 sub project, which will make it the largest amusement park in the world, and will bring a large array of luxury property to the market. With a project of this size, completion is set to take place in 4 stages, with 1st stage completion set for 2010, and full completion of Dubailand somewhere around 2020. New property projects are being released here all the time, the latest of which is the Le Stelle project, in the Majan-Mizin district. This AED 4.5 billion project is slated for completion in 2011, and is but just a taster of the property on offer in Dubailand. Expect a lot more from Dubailand in the next year or two.

And last but certainly not least, is Dubai Marina. The Dubai Maria was one of the first free hold real estate developments to be undertaken, with master developers Emaar beginning infrastructure development as early back as 1998 if my memory severs me correctly. And what a success it has been! The project has grown and grown, and now offers buyers an excellent lifestyle, with great views and a good number of restaurants, cafes and shops, right on your door step. Most of the Marina has now reached completion, with many buildings housing residents for quite some while. However there are still a few last remains plots at the Marina, and The Select group has been savvy enough to snap one up for its 32 storey Manhattan styled West Avenue project. Costing in the region of AED 700 million, the project aims to take advantage of the Marina’s great reputation and location, as looks set to be a big hit. The project therefore offers interested buyers who might previously have missed out, another opportunity to buy into one of Dubai’s top residential destinations 

If you are interested to buy or sell Dubai property we can be contacted on the link below.
 
 

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