Massive investments put Dubai in forefront

Massive investments put Dubai in forefrontImage Credit: Supplied

An important stop on the global sea-air trade and commerce, within an eight-hour flight between Europe and Asia and hosting the Expo 2020, Dubai has exhibited a tremendous transformation over the years.

Large-scale developments have spurred business and investment opportunities, putting the city in the global property market map. To provide city-wide accessibility and promote the city as a top economic and tourist hub, developments in Dubai center on airports, transportation networks, canal projects and a lot more.

With an estimated cost of 6.45 billion euros, the Dubai Trade Centre-Jebel Ali will be the venue of the Expo 2020. It will have Al Wasl Plaza nestled among theme pavilions, entertainment venues, souks and a housing village. In close quarters are the Jebel Ali Port and the Al Maktoum International Airport which will spend Dh120 billion on expansion.

The proposed Dubai Metro 40-kilometer track expansion will add 23 new stations including Al Maktoum International Airport, Mirdif City Centre and a possibility to connect to the Meydan Station of the Etihad Rail. Also, the Dubai Tram, which is expected to start operation this month, will whisk passengers comfortably to the Dubai Metro and the Palm Monorail. Additionally, the RTA Sky Buses, which have large baggage compartments and catering services onboard, will ferry passengers from the Dubai International Airport to 26 hotels across the city.

The colossal Mall of the World will be the world's first temperature-controlled shopping complex. It will have a promenade lined with retail shops, an indoor family theme park and wellness resorts.

The Dubai Water Canal project will provide various points with a link to the Arabian Gulf. It will feature footbridges, walkways, hotels, restaurants, shopping centers and marine transit stations for water taxis.

Dubai holds a formidable record of development projects. No wonder it takes the lead in attracting investors to the country.

Handy Hints:

• Ongoing projects in Dubai are Expo 2020 site, Canal project, etc.

• Mall of the World will have a theme park and wellness centers

• The RTA Sky Buses will ferry passengers from airport to hotels

Read more about Dubai's ambitious projects

Source: Alfred Ocianas, Special to Properties

The writer is a freelancer


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