It’s been a busy couple of months for Dubai’s real estate sector with the announcements of two major projects: The Oasis by Emaar Properties and Palm Jebel Ali by Nakheel.
The Oasis by Emaar
Emaar Properties, Dubai’s leading real estate developer, announced the launch of the appropriately named The Oasis by Emaar.
A brand-new master community sprawling over 100 million square feet, The Oasis stands as one of Dubai’s most substantial and captivating new developments. Boasting a staggering total development value of USD 20 billion this monumental project is set to elevate the concept of community living to unprecedented heights. In line with Emaar’s unwavering commitment to excellence, The Oasis offers an impressive array of real estate options. The community will feature an array of residential units, including luxury mansions and villas with generous plots, and a diverse range of townhouses.
In addition to luxurious residential properties The Oasis by Emaar will feature an expansive 1.5 million square feet retail area to be developed by Emaar. This retail hub is poised to accommodate a wide array of prestigious lifestyle brands, delivering unmatched shopping experiences to residents. The community will also offer a diverse range of food and beverage outlets making everyday life so convenient they will never feel like leaving.
A family-friendly community The Oasis by Emaar is designed to offer a prestigious, upscale resort-style living experience. A significant 25% of the project’s land is dedicated to serene lakes, water canals, lush parks, jogging tracks, green spaces. A gated community the Oasis community has been designed with the end user in mind prioritizing recreational spaces for residents to enjoy an active and high-quality lifestyle.
In terms of location, the Oasis community is conveniently situated in Dubai’s eastern region. Future residents will enjoy convenient access to a number of international golf courses and easy connectivity to the city’s major roads. Position a short 20-minute drive from Downtown Dubai, residents will enjoy a short drive and easy access to a multitude of vibrant attractions found across Dubai.
Palm Jebel Ali by Nakheel
Nearly 20 years since its first release Nakheel making headlines with the revival of the Palm Jebel Ali project. A truly ambitious undertaking this mega project brings in a new era of grandeur and promises to reshape Dubai’s shoreline.
After lying dormant for 15 years, the revival of the Palm Jebel Ali project has caused a frenzy of interest within the Dubai Real Estate market. Originally started back in 2002, construction of the project halted in 2008 due to the now infamous Global Financial Crisis. With the Dubai market experiencing unprecedented demand the powers at be felt this was the right time to bring this project back to life.
As part of the project’s revival its developer, the state-owned Nakheel has made significant design improvements to the project size and infrastructure. The revived Palm Jebel Ali will be significantly larger than its world-famous predecessor, Palm Jumeirah. The entire project will be made up of seven interconnected islands and is set to extend Dubai’s coastline by an impressive 110 kilometers. Much of this newly created coastline will be utilized and converted into white sandy beaches for tourists and future residents.
Once completed, the rejuvenated Palm Jebel Ali will no doubt be a thriving community, home to a wide range of beachside residences in the form of both luxury apartments and high-end villas. At capacity, it is set to be home to over 35,000 families. In addition to luxury beachside properties Palm Jebel Ali will also be home to an impressive array of some 80 hotels and resorts. Included will be some of the very best local chains as well as many of the world’s best-known luxury brands.
The renewed Palm Jebel Ali project not only promises to be bigger and better but also comes with a strong commitment to sustainability and green living. It’s designed to include an abundance of parks and green spaces creating a tranquil family friendly community. Additionally, an impressive 30 percent of all public facilities will be powered by renewable energy sources. This is a first for any Dubai community and is set to be an attractive attribute for future buyers.
Both the Palm Jebel Ali and The Oasis by Emaar are truly unique and remarkable endeavours. Both are expected to draw unprecedented buyer interest from both local and international investors with demand easily outstripping supply. These mega projects will exert a profound influence on Dubai’s economy and are set to keep Dubai’s real estate agents both busy and happy for years to come.
