After oil and trade, the construction industry in the UAE stands as the third largest income supplier, as the UAE Ministry of Economy expects the country’s GDP to grow around 3% in 2017. As Dubai approaches the finish line for Expo 2020, the construction sector is expected to witness a 4% growth compared to 2016. Major government investments, continuous population growth, and the relentless effort made by the developers to correlate supply and demand and feasibility, has open the road for large projects in healthcare, hospitality and residential sectors. Among numerous projects taking place at the moment, there are few which stand out:
- Dubai Harbour
A new mega waterfront project has been recently unveiled by HRH Sheikh Mohammed, featuring the Middle East’s largest marina with a capacity of 1400 vessels, a Dubai Lighthouse with a luxury hotel and an observation deck, a yacht club, shopping mall and residences, along with 150,000 sq ft cruise liner terminal capable of handling 6,000 passengers. Located on King Salman Street, in the area between JBR & Palm Jumeirah and spread over 20 million sq. feet, this mega structure is set to provide another iconic landmark for the future of Dubai’s tourism.
- The Palm Gateway
Located at the entrance of Palm Jumeirah, The Palm Gateway includes 1,265 luxury homes across three high-rise buildings boasting of a diverse range of waterfront dining and shopping options, pool, barbecue areas and fitness facilities, including a jogging track. The AED1.4 billion project is set to be ready by 2018, offering residents and tourists a wonderful waterfront living and leisure experience.
- The Address Residences Jumeirah Resort + Spa
Being the tallest tower to be constructed on the Jumeirah Beach (JBR) on the last land plot available, The Address Residences will offer spectacular views of the Arabian Gulf, Dubai Marina and Ain Dubai (the world’s largest Ferris Wheel). The two-tower development, each with 74 storeys rising over 290 meters high conveys a unique architectural design with an “white space” in between the two settlements, intended for both residential and serviced apartments, as well as 182 rooms and suites.
- Golfotel by Damac
Dubai’s only premium five-tower hotel property surrounded by a golf course, Golfotel developed by Damac Properties, will feature 2000 contemporary rooms overviewing the Trump World Golf Club Dubai, part of the 55-million square foot community Akoya Oxygen. Designed by the golfing superstar, Tiger Woods, the Trump World Golf Club offers not only a sneak peek into the luxurious and glamourous world of golf players, but also a unique experience of being part of an integrated community.
- Avani Hotel by Nakheel
Avani Hotel is part of the hospitality expansion plan of the master developer Nakheel for Expo 2020, worth $1.4bn. Located within the Ibn Battuta Mall complex, Avani Hotel will feature 375 rooms and it is set for delivery in 2019, boasting amenities such as all-day restaurant, pool, gym and car park for 135 vehicles, as well as a connection to the new metro link.