This post was first on MENA-Forum on 22 September 2014. Since then, significant new developments are expected in Dubai over the next few years, after the UAE vice president Sheikh Mohammed bin Rashid Al Maktoum gave the Green light for major projects in Dubai.
Firstly, several landmark schemes run by the Investment Corporation of Dubai (ICD) are due to be completed by 2018. They include the £920 million Royal Atlantis Resort on the Palm, and the £1.3 billion Dubai Waterfront mixed-use project.
The Warsan project will consist of more than 2000 residential units, and a school that can cater for around 3000 students. With an estimated area of one million square metres, the first phase of the project should be completed by 2017. It is estimated to cost around AED 2.5bn.
Meanwhile, the One Za’abeel project will consist of two huge towers made up of both residential and commercial space, which are linked by a giant suspended bridge. Located in a landmark position between the Dubai World Trade Centre and Za’abeel Park, One Za’abeel is a AED 2.5bn project. It will include two hotels, 130 hotel apartments and 550 residential units, as well as other commercial and municipal space.
Apart from the above, we are pleased to add that as reported by UAEInteract.com in INFRASTRUCTURAL DEVELOPMENT, 3 number very notable projects amongst many are detailed here under.
1. Abu Dhabi’s Executive Committee approves projects worth AED544 million.
Update posted on 13/07/2016
The Executive Committee of the Executive Council headed by Saeed Eid Al Ghafli, Chairman of the Executive Office, has approved during its meeting, a number of projects for roads, infrastructure, services, and education facilities worth AED544 million. The committee approved the referral of contracting for the roads and infrastructure projects at several plots in Mohamed bin Zayed City, worth over AED108 million. The project services 119 units, 96 of which are residential, while 23 are plots . . . . Read more at http://www.uaeinteract.com/docs/Abu_Dhabis_Executive_Committee_approves_projects_worth_AED544_million/76359.htm
2. World’s largest observation wheel in Dubai takes shape
Posted on 12/07/2016
Construction of what will be the world’s highest observation wheel, located in Dubai, has reached a significant milestone according to its developer, Meraas. Ain Dubai, which is taking shape on Bluewaters Island in front of the Jumeirah Beach Residence coastline, has had its hub and spindle lifted into place, creating a new feature on Dubai’s dramatic skyline. They were manufactured and assembled in the UAE and shipped to Bluewaters Island due to their size – the spindle has a diameter of … Read more at http://www.uaeinteract.com/docs/Worlds-largest-observation-wheel-in-Dubai-takes-shape-/76347.htm
3. Dubai Canal project offers new pathways of prosperity
Posted on 01/07/2016
The completion of the Dubai Canal project over the next few months could help to transform the city by opening a waterway, currently stranded in Business Bay, for leisure use and by creating swathes of valuable new real estate. The 3.2-kilometre extension of Dubai Canal from Business Bay to the Arabian Gulf is progressing at pace, with an elevated southbound stretch over Sheikh Zayed Road set to be open today, allowing for the removal of the old carriageway below. Erwin Bamps, the chief … Read more at http://www.uaeinteract.com/docs/Dubai_Canal_project_offers_new_pathways_of_prosperity/76202.htm