The beauty of Dubai lies in its astonishing nightlife, mesmerizing skyscrapers, luxurious hotels, villas, and state-of-the-art architecture. From developing synthetic islands to designing and implementing Dubai’s 2040 urban master plan strategy. The city has always been unfaltering towards its incessant growth pledge, always encouraging new business setup in Dubai.
As a city of dreams for many foreign visitors, it has recently become a center of attraction, showing a massive overnight influx of worldwide visitors to the city. According to the latest data published by DET, i.e., Department of Economy and Tourism, 4.67 million visitors have visited the city in just the first quarter of 2023.
This manifests how Dubai is one of the fastest-growing metropolises and travel hubs across the globe. The unbreakable chain of highly ambitious and innovative mega projects under Dubai Vision 2040 and other strategic policies toward transforming Dubai has significantly cultivated the city as a leading tourism spot. It also encourages foreign investors to invest in Dubai.
Here is the list of the top 5 aspiring upcoming mega projects that will undoubtedly overhaul the Dubai cityscape in coming years.
5 Trailblazing Mega Construction Projects in Dubai:
#1. Dubai Islands
Dubai Islands, formerly known as Palm Deira and then rebranded as Deira Islands in 2013, was launched by Dubai Government-owned real-estate giant Nakheel Properties in 2004. The 20% land reclamation activity was already completed by early 2007; however, on account of the financial crisis that surfaced in 2008, its development was set aside ever since.
Nakheel then rebranded the aforesaid project as Dubai Islands and resuscitated it in 2022. Dubai Island is expected to comprise an area of 17 square km accounting for 20 km of beaches and to be home to various parks, open spaces, golf courses, and around 80 luxurious hotels and resorts.
It’s a cluster of five man-made islands, each likely to offer an incredible waterfront living experience, cultural hubs, outstanding sports activities, and beach clubs. According to a Khaleej Times report, Dubai recently opened Dubai Islands for beach lovers from sunrise to sunset, also allowing the dogs to swim there.
#2. Urban Tech District
Urban Tech District will be a home for the most innovative entrepreneurs and venture capitalists located at the Creekside of Al Jaddaf in Dubai. It allows the emirate to be a net-zero carbon and green programs hub offering the most empowering and innovative tech ecosystem.
According to its official website, it will create around 4,000 jobs in various fields such as education, training, technology, etc. Not forgetting to mention, the district will empower foreign investors to invest in Dubai and reinforce the development of innovative companies newly launched in the market.
Urban Tech will be like a mentor that will underpin novice entrepreneurs to concentrate on how they can bring solutions required for the upcoming generation of sustainable cities globally. It will definitely cultivate the next generation of urban tech leaders. This Tech hub will also play a major role in encouraging budding entrepreneurs to have a business setup in Dubai.
#3. Palm Jebel Ali
Palm Jebel Ali, situated south of Jebel Ali Freezone, is another largest waterfront living project launched by the Dubai-based mega-developer Nakheel Properties. It’s a 50% larger project than Palm Jumeirah.
According to the initial design plan launched for this island, it was decided to build six marinas, a water theme park, a sea village, luxurious homes, and villas. Nakheel started molding its infrastructure in 2007; however, it discontinued in 2008, like Palm Deira, due to worldwide financial crises.
However, Nakheel decided to revamp the aforesaid landmark project in late 2022 and expected to relaunch it in 2023.
#4. The Loop
URB, another real-estate developer in Dubai, is developing a snake-shaped 93km long eco-friendly closed-loop covering the city’s outskirts for cyclists and pedestrians. The project aims at 3 million residents’ connectivity adjoining important whereabouts of the city within a few minutes.
It will encourage Dubai residents to opt for healthy lifestyles and transportation modes, swapping cars for bikes and cycles. On launching this project, people will easily access all the major locations and services by walking or cycling.
According to the project proposal, The Loop will include wellness and fitness centers, hotels, sports clubs, etc., and vertical farms providing food security. The proposed project will not be less than a sustainable urban highway expected to be accomplished by 2040.
#5. Expo City Mall
Dubai, a city full of endless shopping destinations, welcomes a new one, i.e., Expo City Mall with 385,000 sq ft. leasable area. Dubai-based master developer Emaar is behind this grand project development, and they expect to launch the upcoming mall in 2024.
Expo City Mall will have 190+ outlets, including retail and food beverage; however, it will be smaller than other malls, such as Dubai Mall, developed by the same developer. Visitors will easily access the mall through the road and the nearest metro transportation modes.
Conclusion
Dubai has always been at the forefront when it comes to mega projects development. The above is the list of the top five aspiring projects. However, hundreds of other real estate projects worth multi-billion dollars are taking shape in the city. Such masterpieces have made Dubai a universal destination for entrepreneurs, investors, and job seekers worldwide.
Being one of the fastest-growing economies globally, Dubai attracts many foreign businesses to expand their business. If you are someone planning a business setup in Dubai, Business Link can be your ultimate service partner offering unerring solutions. The business setup consultants at Business Link hold years of experience providing comprehensive services to thousands plus businesses across the UAE.
