- Broker Directory
- My Tools
- News & Advice
- Market Trends
- Other GN Sites
Gone are the days when real estate developments only revolved around single-use projects – either residential or commercial. Today, real estate developers are competing among themselves and outdoing each other in terms of establishing communities that offer the whole nine yards. Mixed-use developments have become a trend for many years, and are apparent in the UAE where mega projects are the norm.
A mixed-use development is any urban development that marries residences, commercial areas, retail shops, cultural and art venues, schools, hotels, leisure, sports and entertainment options, dining outlets and other components in one massive space. All these elements are interconnected, providing residents and occupiers a comfortable and convenient home and work environment where everything is within reach.
Although most mixed-use projects are on the pricier side (in this part of the world), they continue to tick the right boxes among property investors and end-users in terms of sheer volume of housing options in one community; better access to modern conveniences within the community and the neighboring areas which can be easily reached by foot, bike or public transport; neighborly or community feel; and walkable distances between residences, offices, grocery outlets, shopping and dining avenues, and parks.
Usually adorned with landscaped pathways and plenty of greens, this type of development also draws residents for the sheer joy of being able to enjoy nature amidst concrete and steel. Or the community could be near the beach, giving one the pleasure to dip one’s toes in the water any time of day.
The country is dotted with integrated communities all over. Examples are Jumeirah Lakes Towers, Dubai Marina, Discovery Gardens, Dubailand, Palm Jumeirah, Emirates Living, Dubai Silicon Oasis, MotorCity, Arabian Ranches, Jumeirah Village and International City in Dubai; Reem Island, Saadiyat Island, Raha Beach, Khalifa City, Al Maryah Island and Yas Island in Abu Dhabi; Al Zahia in Sharjah; and Al Hamra Village, Marjan Island, Bab Al Bahr and Mina Al Arab in Ras Al Khaimah.
With UAE developers continuing to scramble for space to create multiple-use communities, expect the trend to become a byword in this region’s property scene.
• Mixed-use developments provide a convenient home and work environment
• They feature schools, retail outlets, residences and offices in one huge space
• Dubai Marina and Reem Island are some of the integrated projects in the UAE
Source: Ellen Joyce Soriano, Special to Properties
The writer is a freelancer