- Emaar is launching one of its biggest masterplans in Dubai valued at AED 200 billion.
- Five distinct zones, metro access, swimmable lagoons and views of top Dubai attractions.
- From high-rise apartments to gated mansion enclaves, the unit mix covers every buyer profile in one big masterplan.
- The project will be built on the 20 minute city concept with schools, retail, healthcare and leisure within walking distance.
In a significant development in Dubai real estate, Emaar Properties is readying to launch what appears to be one of the most ambitious projects in Dubai. From the information gathered yet, it seems the massive mixed use masterplan which is valued at AED 200 billion will be set in the very heart of Dubai spanning over a whopping 4.5 million square metres and accommodating around 150,000 residents.
The mega development will position itself as a self-sustained community combining residential neighbourhoods, commercial spaces, retail destinations, hospitality offerings and cultural attractions. The extensive coverage of well-built and properly-designated green landscapes will further add significant value to the overall project.
Specifically speaking, it will span five zones covering a business hub and urban living clusters to an exclusive gated villa enclave. All of it will further be backed by metro access, smart city infrastructure and a plethora of high-end wellness-driven community amenities.
Where is the location?
While the location of Emaar’s mage project is still to be announced officially, the initial reports suggest it should have views of landmarks such as the Burj Khalifa, Burj Al Arab and Palm Jumeirah. So, the development may be at a centrally located site with easy access to business, lifestyle and tourism destinations.
What are the various types of residences and unit mix offered?
The mega development will have a plethora of residential options catering to diverse buyer types, from apartment seeking buyers to high-net-worth families who are seeking luxury homes. An exclusive gated villa enclave, a thoughtful mix of 5-6-BR residences, statement mansions with unique additions like private gardens, water features etc., will grace the development.
What are the expected amenities?
A mega master community with sub communities in it naturally gets populated with high-end lifestyle-oriented amenities that make everyday living and staying experience of residents and guests effortless and rewarding and the development is no different. While expansive list of amenities are yet to be announced, here are a few expected ones:
- Swimmable lagoons
- Natural lakes
- Landscaped gardens
- Linear parks and green corridors
- Water streams and waterfront features
- Extensive open spaces
- Dedicated cycling tracks
- Pedestrian-friendly walkways
- Smart mobility infrastructure
- Retail and shopping destinations
- Restaurants and cafes
- Smart city-enabled services
What makes master development so special?
- 20-Minute city concept and metro connectivity
The masterplan is expected to follow the principles of the 20-minute city which means residents can access homes, workplaces, schools, retail and leisure facilities within a short commute. Metro connectivity, pedestrian-friendly pathways, cycling infrastructure and smart mobility solutions will add to the overall connectivity and infrastructure.
- A city within a city for 150,000 residents
The masterplan is designed to accommodate approximately 150,000 residents, which makes it a large scale and self-sustaining master community supporting daily life, work, leisure and social activities.
- A classic example of high-end mixed use community
The development will have residential towers, signature villas and mansions, Grade-A offices, luxury hospitality and retail destinations, all of it within one masterplan, so it remains attractive to homeowners, businesses and investors.
- So well set it catches views of some of Dubai’s most popular landmarks
The project is expected to have panoramic views of three of Dubai’s most iconic landmarks, namely Burj Khalifa, Burj Al Arab and Palm Jumeirah. This is an exclusive feature and often a sought-after addition to a mega development.
What makes the project attractive for investors?
The developer who’s delivered world- famous projects like Burj Khalifa, Downtown Dubai and Dubai Mall is backing the project which makes the development a perfect choice for yield-seeking investors.
With AED 200 billion in development value, projects at this scale contribute to surrounding land values and drive convincing capital appreciation across all units as the masterplan matures.
Proposed metro access, availability of a plethora of high-end amenities, the views of popular Dubai landmarks, a self-sustainable setting etc drive rental demands and future capital appreciation and also add exclusivity to the project.
