UAE now ranks in the top five countries in the Global Competitiveness Index, in relation to Infrastructure Indicators, and it aims at nothing less than the pinnacle.
It inhabits and manifests dreams, and that is where it becomes more than a city, it becomes an experience in pure bliss.
Welcome to Dubai A skyline silhouetted by stellar examples of impeccable architecture, the city of Dubai is a testament to the power of human imagination and enterprise.
When traced historically, Dubai has metamorphosed into a globally recognised multi-dimensional centre of economic and cultural growth. The envisioning and consequent structuring of the city of Dubai serves as an elemental example of the potential of human enterprise. The city of Dubai, in its silver and golden nighttime glow, appears to be no less than a metaphorical dream given a tangibility. As a recipient of global critical acclaim for infrastructural development and sustenance, Dubai has earned a prestigious place for itself among the central economic units across the globe. Dubai is a scintillating blend of culture, aesthetic beauty, and strategic economic development.
Real Estate: Dubai’s trunk of treasure and abundance
The ultramodern, cosmopolitan understanding of Dubai comes from its impressive achievements in the fields of real estate and tourism. The visions on blueprints are translated by the sheer expertise of infrastructural intelligence, and Dubai’s modern marvels are carried along in the narratives of people who witness these places.
It is a perfect balance that the city has maintained in its syncretic form that makes it more than just brick-and-mortar and makes it a destination, a relaxing escape housed within the ambit of a commercial design.
The city grows on you with time. The avid travel writer, Sanne Wesselman, describes an experience of Dubai as “It was my third trip to this Emirate and I have to say, the more I get to know it, the more enjoyable I find this place.”
Our celebration of this commercial giant of a city takes its roots in the impeccable work done in the field of real estate, primarily. Notably, the expansive oil wealth, first exploited in the 1960s and 1970s has funded Investments in novel industries and economic sectors, supplemented in reducing the nation’s dependence on fossil fuels, aided huge construction outlays, transport and infrastructure projects.
As always, to facilitate the transition from a small town in the midst of desert, to a multi-dimensional billion-dollar economic hub, there has been a unified effort of various stakeholders and innovative change-makers.
Dubai’s leading developers
Behind the face of the modern architectural marvels in Dubai like the Burj Khalifa, Dubai Creek Tower, Ain Dubai, and Palm Jumeirah, have been names of top-notch developers and planners. Among those names are the names of Emaar Properties, District One and Meraas.
Though their journey and repertoire of developments that exude grandiose and zenith of community construction cannot be expressed via a few lines, but here are some takeaways of the leading developers in Dubai.
Emaar Properties, the largest property developer in the United Arab Emirates, have invested substantial funds in Dubai, and in doing so, have defined the modern, forward-looking character of the city.
An embodiment of modern innovation and master engineering stands the 800 meters tall Burj Khalifa, constructed by Emaar. The Dubai Mall, also developed by Emaar Properties, is the world’s largest shopping mall. It houses Dubai Aquarium and Underwater Zoo, KidZania, Dubai Ice Rink, and the largest cinema complex in the region, Reel Cinemas.
Emaar’s flagship magnum opus project – Downtown Dubai is compassed by the Sheikh Zayed Road on one side and the Financial Center Road on the other; and it serves as the city’s median of culture, art, tourism and all things big and magnificent. It is home to the world’s tallest tower – Burj Khalifa among other star attractions like Dubai Opera and the Dubai Mall.
Emaar has been a leading torch bearer guiding the city of Dubai into its ultramodern stature.
In 2013, Emaar launched several other projects including The Address Residence Fountain Views I, II, and III, The Address Residence Sky View, Burj Vista, Boulevard Point and Vida Residence – all in Downtown Dubai. A new addition to Downtown Dubai from Emaar is the Opera District. Key features include the Dubai Opera House, the country’s first dedicated opera house as well as an array of design studios and other lifestyle amenities. Emaar’s redefining of the Dubai landscape has been embodied in its immensely appreciated creation of Downtown Dubai.
Emaar has a concrete presence in the developmental phase of Dubai, helming the names of world class destinations like:
- Emaar Beachfront: A stunning 26 storeys lined up island, flanked by Dubai Marina on one side and the glimmering bay on another, it’s as close as you can get to Miami style living in this part of the world!
- Mina Rashid: The future build on the premises of heritage. Mina Rashid holds Sirdhana, an apartment community that stands on the iconic trading port offering premium waterfront houses!
- Emaar Creek Harbour: Vouched to be the next Downtown of Dubai and home to the tallest tower on earth, Dubai Creek Tower, Emaar Creek Harbour is the next BIG destination in Dubai!
With six business segments and 60 active companies, Emaar has a collective presence in 36 markets across the Middle East, North Africa, Pan-Asia, Europe, and North America.
The thrill of being aboard the biggest ever ferris wheel, or calling designer homes your own has been made possible due to the advent of a stalwart in the real estate and asset management business – Meraas. Dealing in property development, sales and asset management across Dubai, Meraas is instrumental in giving a defining edge to Dubai’s terrain.
From the company’s Villa Amalfi offering a view of the Persian Gulf in the backdrop of the Dubai skyline, to its recent project Bluewaters Residence, a cluster of one to four-bedroom apartments, penthouses and townhouses located on the man-made island of Bluewaters, Meraas has provided the city with the core residential hubs. Recently, Meraas launched its first townhouse community in Dubai, Cherrywoods. Also developed by Meraas, Port de La Mer is the first freehold master developed community in the heart of Jumeirah, comprising a collection of one to five-bedroom apartments located at the tip of the North Peninsula at La Mer.
From Bvlgari Residences, City Walk Residences, to the regal Zabeel Saray Royal Residences, Meraas has made an impression worth mentioning in the league of global residential development project leaders.
Through its performance, Meraas has earned for itself a place among the top residential developers in the market. Meraas’ line of business extends far from real estate to hospitality, food and beverages, and even healthcare.
In other strategic partnerships, Emaar and Meraas Holding is developing Dubai Hills Estate, the first phase of MBR City Dubai
A practical example of how real estate has modified the coexistence of high-end luxury with pleasing architectural aesthetics can be seen in District One, Mohammed Bin Rashid City; which is a luxury residential destination in Dubai.
This upscale community with shopping and dining promenade houses fun recreational activities, such as a water park.
District One features the world’s largest crystal lagoon and man-made beaches.
District One also has an 8.8 kilometres stretch of cycling and horse riding trails, for those who enjoy equestrian activities. The styles of the villas vary from Mediterranean, Contemporary to Modern Arabic architectural styles. The place exudes a sense of grandeur. The design highlights true Arabic culture which is mixed with a delightful blend of functionality and practicality.
From various examples serving as inspiration to architects across the globe, the real estate capacity of Dubai’s innovators can only be defined as high-voltage!
However, it is always an upward climb for creativity. The National Innovation Strategy takes Vision 2021 from policy to action, with the specific aim of getting the UAE into the top ten of the Global Innovation Index by 2021. It’s about creating a culture of innovation at every level of society – individuals, companies, and the public sector – and hundreds of initiatives have already been announced across the seven main sectors of education, health, transportation, water, renewable energy, technology, and space.