With the number of UAE properties and projects expected to go online later this year, the talk in the UAE’s real estate market recently has been about a slowdown in activity, but there doesn’t seem to be a halt in the progress of the country’s property developers.
We count down the country’s top property developers. Take a look.
Holding top spot is Emaar, which boasts a gigantic presence across not only the UAE’s real estate sector, but also property markets in the Middle East, North Africa and Asia in the home, office, retail, hotel and leisure segments.
The developer behind master-planned communities and UAE properties such as Downtown Dubai and Arabian Ranches, Emaar has set new benchmarks in luxe living. One of its key projects under construction is Dubai Opera, billed as Dubai’s new cultural icon, which, in four years’ time, will grow to become the world’s largest cultural centre. The Opera District when completed will be a stylish arts destination also featuring posh hotels, luxury apartments, a retail plaza, restaurants, recreational spaces and parks.
Luxury real estate developer Damac Properties has many credits to its name. Having launched the world’s first Bugatti-styled villas in Dubai, it is the mastermind behind some of Dubai’s most spectacular projects such as Akoya Oxygen, an iconic 55-million-sq-ft master development offering a luxury lifestyle at the heart of nature and Akoya by Damac, slated to become the Beverly Hills of Dubai. High-rises, fashion residences, branded pads, retail and commercial developments, Damac has them all. The Ettore 971 Bugatti styled villas will be located within the main AKOYA Oxygen development, each with views across the Trump World Golf Club.
The developers behind Dubai’s iconic Palm Islands, Nakheel is set to transform the entire trunk of Palm Jumeirah into a walkable beach, park, retail and café complex with The Palm Promenade. The development will stretch 1.5 km. along the island’s trunk, feature Palm West Beach and retail, dining and entertainment facilities and connect all elements of the Palm Jumeirah trunk with one another.
The firm has created exceptional buildings and communities in the UAE. Some of the top UAE properties and developments to its credit include Bluewaters, which will feature retail, residential, hospitality and entertainment zones and a 210-meter Ferris wheel will offer breath-taking views of Dubai’s exotic coastline and iconic landmarks such as Burj Al Arab, Palm Jumeirah and Burj Khalifa. Another top project is Bulgari Resort and Residences, a first-of-its-kind master development in scale and magnitude that aesthetically translates the core values of its two partners – Bulgari and Meraas. The Bulgari Resort will comprise 100 rooms and suites in the main hotel buildings, as well as 20 hotel villas and a full range of luxury hotel facilities, inclusive of the signature spa.
One of Abu Dhabi’s biggest property developers, Aldar Properties is set to launch its largest and most significant project to date at Cityscape Global this year. Aldar already has multiple residential, hospitality, and retail developments on Yas Island including the landmark, Yas Mall.