Dubai's top 15 future projects... at cost of a whopping $66.89 billion
In the past two years, Dubai developers have announced a number of mega developments apart besides the government institutions announcing major infrastructure projects.
A recent report by Meed puts contracts worth $27 billion being awarded in Dubai alone over a span of 10 years, while the UAE has seen $56.45 billion worth of contracts being awarded in the last seven years.
List of top 15 individual projects awarded in 2014
Though the property market is currently subdued with lower transactions numbers that is not deterring developers from announcing and starting projects.
Experts believe Dubai is likely to face a housing shortage by 2020, and will requires new hotels to accommodate growing number of tourists. The emirate is host to Expo 2020, which is expected to bring over 25 million tourists to the country.
List of top 15 long-term projects awarded
A research by EC Harris, a built asset consultancy firm, has said UAE’s booming construction industry is leading the way in sustainable development in the Middle East and North Africa.
One of the projects to watch out will be the Dh30-billion Desert Rose, a fully sustainable city, housing over 160,000 inhabitants.
Meed has put out a list of top 15 future projects with an estimated budget of $66.89 billion that includes expansion of Al Maktoum International Airport, Mall of The World’s Entertainment District, Dubai Refinery, Dubai Metro Purle and Blue lines. Here is the full list:
Follow Emirates 24|7 on Google News.