Abu Dhabi, Dubai, and Sharjah led the way in new real estate projects in the United Arab Emirates. These 26 new projects represent a continuation of the trend seen in the UAE since developers launched a wide range of projects following the market’s recovery. The total value of real estate projects launched since the beginning of this year has exceeded 111 billion dirhams, surpassing the total value of projects launched in 2014, which stood at 110 billion dirhams.
Thirteen development companies have played a prominent role in shaping the new landscape of mixed-use projects this year, led by Emaar, Meraas Holding, Wasl Group, Meydan, Tilal, Dubai Investment, Arbi Group, G&Co, andAlma Real Estate Development, among others.
The Meydan One project is the latest to be launched by Dubai, with a value ranging between 25 and 30 billion dirhams; the first phase of the project is scheduled to begin in early 2020. «Meydan One» will accommodate 78,300 people and embody Dubai’s passion for the future through architectural landmarks, most notably the world’s largest dancing fountain, stretching 420 meters, a 300-meter-long beach, the world’s tallest residential tower at 711 meters, a shopping center, and the world’s largest indoor ice rink.
