Introduction
UAE Megaprojects are expected to further transform the landscape of the nation and attract even more economic benefits. The United Arab Emirates has planned to embark on a journey of wonderful projects appealing to billions of dollars of Foreign Direct Investment (FDI) and contributing to the Gross Domestic Product (GDP) of the state.
United Arab Emirates (UAE) is already known for its ultra-luxury real estate development and the addition of these new projects will provide an added boost to shape its global image. The country has been known for its visionary efforts to shape a dream-like future. Its upcoming mega projects are a testament to the nation`s commitment to providing the best services to visitors and residents.
Such paramount efforts are made possible with the government`s backing and the involvement of the private sector. The larger the project the larger its impact on the economy in terms of generating more job and business opportunities.
Now, let`s explore some of the most enticing and upcoming real estate projects of UAE to be seen in the next decade.
UAE Megaprojects
The UAE is currently undergoing a massive transformation towards eco-friendly technologies and adopting renewable energies. The leadership has clarified the way ahead for the next decade backed by innovation and prosperity. Already, Dubai is ranked among the Top 3 countries to live the best life.
The Island
The hospitality and leisure sector in UAE is soon going to be strengthened with the arrival of “The Island”.
Here are its salient features:
| Developer | WasI Hospitality & Leisure/ Bellagio/ Aria/ MGM |
| Design | UNStudio |
| Area | 26 Acres |
| Rooms/Suites/Apartments | 1400 |
| Amenities | Entertainment Areas, Dining, Retail Outlets, Fast Elevators |
| Lead Consultant | BSBG |
The Wasl Tower
The Dubai Wasl Tower is set to be launched by mid-2024 with a unique architecture with a ceramic facade. The project is dubbed as one of the most attractive and tallest structures in the UAE.
Here are its salient features:
| Developer | WasI Asset Management Group |
| Concept | Contrapposto |
| Floors | 64 |
| Residential Units | 229 |
| Hotel Rooms | 258 |
| Area | 185,345 square feet |
| Parking | 11 floors |
Baccarat Hotel & Residences
The newly planned skyscraper is designed and will be developed by one of the leading property developers having a glass façade adding to its style. The Hotel is expected to be functional in 2026.
Here are its salient features:
| Developer | WasI Asset Management Group |
| Design | Studio Libeskind and 1508 London |
| Rooms & Suites | 144 in hotel and 49 rooms in residences |
| Dining | 4 Outlets |
| Management | SH Hotels and Resorts |
Dubai Metro Blue Line
This highly practical project was approved in 2023 by Sheikh Mohammed Bin Rashid and is expected to be completed in 2029. It is not just the need of the area but will also add to the latest attraction in the badges of the UAE. The project is of utmost importance regarding 2040 urban plan.
Here are its salient features:
| Developer | WasI Asset Management Group |
| Length | 30km |
| Stations | 14 |
| Completion Date | 2029 |
| Route | Al Rashidiya to Dubai International Airport |
| Linkages | Blue Line will link to the Green and Red Lines |
| Daily Passengers | 200,000 |
| Estimated Cost | AED 56.5 Billion |
Hatta Re-Development Master Plan
The Hatta Development Plan is part of Dubai`s 2040 Grand Plan to preserve the heritage in its true spirit.
This preservation is part of the state`s vision to diversify its income inputs while enhancing the tourism industry. The plan was initially announced in 2021 with a twenty-year plan.
The project will also boast public service with a sustainable transportation system along with a range of hotels to support the increased tourist and sports activities.
The government has also planned to bring in the Private sector to develop the project on sustainable principles. However, a Supreme Committee to oversee all the matters of Hatta development will also be established.
Dubai Creek Tower
The founder of Emaar announced the development of “Dubai Creek Tower” in August 2023. At the moment, the project is in the design phase.
Here are its salient features:
| Developer | Emaar Properties |
| Status | Design phase |
| Rank | Tallest in Dubai |
| Height | 100 meters taller than Burj Khalifa |
| Completion Date | Not Defined |
| Construction date | Began in 2016 |
Etihad Rail Project
The rail passenger train is a prototype project unveiled in 2022 during the 51st National Day Celebrations. The project is part of the “Etihad Rail Plans” to ensure efficient transport of heavy goods along with accommodation of millions of passengers by 2030. The fast rail will also reduce the long-hour travel between the cities.
Here are its salient features:
| Developer | WasI Asset Management Group |
| Passenger Capacity | 36.5 million |
| Travel Time | Abu Dhabi to Dubai in 50 minutes Abu Dhabi to Fujairah in 100 minutes |
| Operations | Beings in 2030 |
| Points | Sila to Fujairah |
| Collaboration | Etihad Rail to collaborate with Federal Transport Authority |
Burj Bin Ghatti
The tallest residential has been proposed. It will allegedly surpass the existing tallest residential building the “Central Park Tower, New York” standing tall at 472.4 meters.
Here are its salient features:
| Developer | Binghatti with Jacob & Co. |
| Height | More than 472 meters (Proposed) |
| Floor | 100 |
| Room Options | 2-bed and 3-bed apartments |
| Features | Infinity pool, bodyguards, private chefs, and chauffeurs |
Eywa Dubai
A revolutionary Banyan tree-inspired idea has been proposed with unique eco-friendly features known as “Eywa”. It will surely redefine urban living in Dubai and will be ranked as first-of-its-kind in the UAE.
Here are its salient features:
| Developer | R.Evolution |
| Design | Open AD and Brewer Smith, Brewer Group (BSBG) |
| Floor | G+19 (Proposed) |
| Room Options | 2-bed to 5-bed apartments |
| Room Sizes | 3,064 to 16,256 square feet |
| Location | Dubai Water Canal |
| Features | Infinity pool, bodyguards, private chefs, and chauffeurs |
Dubai Flying Taxi 2026
Dubai is revolutionizing its transport sector while keeping in view sustainability and eco-friendly features. The flying taxi service is planned to be launched by 2026 and the design was approved by the Sheikh Mohammed Bin Rashid Al Maktoum for stations, and vertiports for the aerial vehicles.
The Dubai Roads & Transport Authority recently has also shared visuals representing the branding of Partners + Foster. The project will initially feature take-off zones, security, charging ports, and passenger areas.
The proposed taxis will have a range of almost 240km with a top speed of 300km/h. The first test trials were conducted in 2017 and regulations are also in the process of finalization in consultation with concerned authorities.
Bugatti Residence
Binghatti and Bugatti have joined hands to develop a revolutionary idea of Ultra-Luxurious Bugatti Residence.
The salient features are as follows:
| Developer | Binghatti Developer |
| Inspiration | Dubai`s Sand Dunes, and French Riviera |
| Units | 182 |
| Floors | 43 |
| Bedrooms | 2-bed, 3-bed, 4-bed |
| Location | Downtown Dubai and Business Bay |
| Features | Ultra-luxurious, beach, pool, spa, fitness club, custom-made furniture tailored with Rimac, and valet services |
Mercedes-Benz Places
Binghatti Properties and Mercedes Benz are joining hands to develop one-of-a-kind signature project.
The salient features are as follows:
| Developer | Binghatti Developer |
| Location | Downtown Dubai |
| Floors | 65 |
| Height | 341 meters |
| Inspiration | Mercedes-Benz Design Philosophy |
Conclusion
UAE has become the beacon of innovation and development in the world. The addition of these upcoming projects will further add to the value of the UAE. From the ambitious Rail Passenger Train to the iconic Dubai Creek Tower, every visionary project is a reflection of sustainable development.
These infrastructures once completed will transform the landscape while enhancing the eco-friendly profile of the country. Keep reading as the UAE`s upcoming projects unfold, contributing to a future where luxury meets innovation.
If you are interested in investing in such futuristic real estate projects in other parts of the world then check out Shahzad Town Islamabad or visit Fuldax Marketing for more information.