The growing trend of real estate developing is heading South East. Property investors will be in-for-a-treat with the new record-breaking development coming to Dubai.
For those who missed out on Burj Khalifa, the tallest building in the world, they will now have the opportunity to take over the next tallest building, Dubai Creek Tower.
Combining nature with architecture, the project is demographically located in Dubai Creek, exactly on the shore of Ras Al Khor, one of the few protected urban areas in the world and home to thousands of migrating birds.
The construction of the next masterpiece has already started and Emaar Properties is behind it. This project will include different communities for all type of lifestyles: “an ideal family and tourist destination” as described by the developer.
Responsible for the success of Burj Khalifa, Emaar will make history once again and this time with the partnership of Dubai Holdings at the development of the “The Tower”. Among these enterprises, the entire community has been designed by the world’s well-known architect Santiago Calatrava. The Harbour will cover six square-kilometres, which is approximately three times the size of Downtown.
The master plan consists of nine districts, including the Island District, the Canal District and the Sanctuary District. Within the communities, high-end residences will be constructed with spectacular views of the harbour and Dubai’s skyline. The amenities will also include yacht clubs, pools, a marina, retail area, recreational experiences and eco-resorts, among others.
In comparison to other regions in the world, UAE offers an exquisite quality of life.
Over the past few years, Dubai’s economy has grown significantly. Thanks to his Highness Sheikh Mohammed bin Rashid Al Maktoum, ruler of Dubai, whose vision is always to be number one; statistics predict a stable and positive growth for Dubai in the upcoming years.
In addition, UAE keeps on strengthening its regulations. The government has recently announced the introduction of a new visa policy “10-year visa for professionals and investors” which will support the continuous flow of transactions and also create security for foreign investors.
Another crucial factor is that UAE will never resort to taxation as per indicated by the Royal and ruling family of the Emirate of Dubai. Unlike other alpha cities, this plays an important role for buyers.
With the upcoming EXPO 2020, projects are expected to gain value and Dubai will be welcoming more than 25 million visitors during the six month period . Moreover, approximately 280,000 jobs are being created since 2013 up to 2021.
Given these facts, it can be said that new projects like “Dubai Creek Harbour” will remarkably contribute to the growth of Dubai.