Dubai Landmark Property

Dubai Landmark PropertyIt’s been another busy quarter in terms of developments in the Dubai property market with announcements coming from a range of local and international property developers relating to their latest Dubai landmark property projects.

State run Dubai World Central has announced its plans for a thirty three billion dollar investment into the development of the world’s largest airport in Dubai, the US based Trump Organisation are to build an impressive six hundred million dollar mixed use skyscraper in Dubai, and a local company, Tatweer which is part of Dubai Holding, are to build the world’s longest hotel strip in the emirate.

Dubai is already famous for its landmark property; developments such as the Palm, The World, the Jumeirah Beach Hotel Dubai and the Burj Al Arab hotel have set the emirate apart from the rest of the world in terms of architectural vision and the physical realization of a futuristic city of dreams…the latest series of developments to be unveiled will simply embolden the Dubai skyline and add to the unique visual dimension that Dubai embodies.

The Dubai World Central International Airport is planned for development and construction in Jebel Ali and will have a similar capacity to both London’s Heathrow and Chicago’s O’Hare airports.  The multi billion dollar development will also encompass an entire new city development that will offer both commercial and residential real estate options to private and institutional investors and ultimately house and employ three quarters of a million people. 

The corporate vision driving the development of The Dubai World Central International Airport is supporting the expansion of Dubai’s tourism, trading and overall logistics economies for the future.

In terms of the Trump Organisation’s commitment to Dubai they have teamed up with Nakheel who are one of the most significant property development companies operating in the Middle East region.  The Trump Organisation sought such a local partner to assist with their expansion in to the as yet unexplored Dubai property economy to guide their investment decisions and to assist with local regulations etc. 

Nakheel and the Trump Organisation are working together to create a 48 storey tower that will form the visual centrepiece to the Palm project.  The skyscraper will offer both residential and hotel space and the Trump Organisation view it as merely their first venture into the creation of Dubai landmark property.

Finally in our review of the latest property development projects emerging from Dubai is the announcement by Tatweer that they are entering into a multi billion dollar project to create the world’s longest hotel strip known as Bawadi in the rapidly developing Dubailand entertainment, tourism and leisure resort.

The Bawadi hotel strip will stretch across twelve and a half million square meters of land and feature in excess of thirty hotels which will create 29,000 rooms to cope with the rapidly increasing numbers of visitors the emirate is already welcoming, numbers which are on target to reach 15 million annually by 2010.

The latest series of announcements mean that once again Dubai has set itself apart as the world leader in terms of the development of landmark, ground breaking real estate projects.

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