The good news is that the real estate market is back in its form again. With new vibe and capacity, the commercial real estate market activity has started over and is also poised to see the growth even higher due to the much-longed-for post-crisis acceleration in demand for real estate spaces.
The projects that halted midway are in full swing of their construction. Among them, many megaprojects that are in the pipeline exist across the GCC region, including Dubai, Abu Dhabi, and the Northern Emirates as well.
Reem Mall is a larger version of the Reem Island project in Abu Dhabi and one of the most exciting upcoming projects in the city. Once it’s fully developed, Reem Mall will be home to more than 450 stores, two food courts, and a multiplex cinema, plus the world’s biggest indoor snow park. Covering an area of 125, 000 sq ft, the park will be home to 13 different rides, attractions, and themed zones.
The investor group Agility of Reem Mall announced the progress is in full swing and it’s set to complete construction and open in 2021 despite navigating through a ‘very challenging retail environment’.
Royal Atlantis Resort
A 43-storied building, the Royal Atlantis Resort is a versatile project, getting built at a height of 185 meters above sea level. It will offer 795 guest rooms and suites as well as 231 serviced residences, featuring private gardens, cantilever pools, an infinity pool, a cutting-edge fitness center, and modern spa therapies overlooking the Arabian Gulf and Dubai skyline.
Ain Dubai is going to clinch another world record by being the world’s tallest observation wheel. Located on Bluewaters Island off the popular Jumeirah Beach Residences (JBR) beachfront, this giant Ferris wheel stands at a staggering height of 210m, will have 48 capsules, and be bordered by shopping malls, restaurants, residences, and a souk.
The Midfield Terminal at Abu Dhabi International Airport is going to be a world-class building, designed to accommodate up to 8,500 passenger capacity per hour in order to meet the future needs of one of the fastest-growing airports in the world. This landmark project is located between the north and south runways. The opening date is not confirmed yet.
Museum of the Future
The theme is future is here. Located strategically in Trade Centre 2 right on the edge of DIFC, Dubai, the Museum of the Future is set to open in 2021 and the construction is going on. This is going to be the next-generation museum in Dubai and will be an all-new project and concept in the region. It will explore futuristic innovations to discover breakthrough technologies.
Meydan One Mall
The Italian contractor Salini Impregilo is behind this US$435 million Meydan One Mall project. Meydan One Mall is not just a conventional mall, but will also offer exceptional blended retail, dining, hospitality, entertainment, and residential experience. It will be having over 550 retail outlets including a 13,200 sqm hypermarket, 190 food, and beverages outlets, 21-screen cinema, and 1km long indoor ski slope, and a 12,000 sqm winter village among others.
Al Qana is a unique and iconic destination, designed as a massive waterfront entertainment and leisure hub located in the Al Maqta end of Abu Dhabi, home to the National Aquarium. The 2.6km canal-side project features The Bridge Wellness and Lifestyle Hub, Cinemacity Al Qana, Pixel eSports, and gaming hub.
Fairmont Marina Abu Dhabi
This 39-storied luxurious hotel in Abu Dhabi, Fairmont Marina Abu Dhabi, is set to rise on Abu Dhabi’s coastline. Fairmont Marina Abu Dhabi will offer a private beach, five swimming pools, and watersports facilities, besides 563 guest rooms.
Jubail Island will be an idyllic collection of villages located between Yas Island and Abu Dhabi’s Saadiyat Island. It sprawls across hectares of mangrove forests and coastal estuaries with more than 30 km of waterfront. The project also adds restaurants, a beach club, a business center, sports facilities, schools, clinics, nurseries, and a community center. Jubail Island will be home to more than 5,000 residents and the first villas will be ready by the fourth quarter of 2023.
SeaWorld Abu Dhabi
A landmark project now under construction on Yas Island, Abu Dhabi, the SeaWorld marine life park is set to become the first SeaWorld Park to open in 30 years outside of North America. This project covering 183,000-square-metre land is said to be finished by the end of 2022. It will include purpose-built habitats and ecosystems, housing a variety of species, and will be home to the UAE’s first dedicated marine research, rescue, rehabilitation, and return center.
Holding the largest cantilever in the world, One Zaabeel is being designed by Japanese firm Nikken Sekkei and developed by Ithra Dubai, the latest addition to Dubai’s skyline. It is a mixed-use two-towers project under construction. One Za’abeel Tower is scheduled for completion by 2021.
A new waterfront destination development located on the southern part of Yas Island in Abu Dhabi, Yas Island will be one of the UAE’s most iconic and vibrant waterfront destinations, offering a multipurpose venue with a capacity of 18,000, and a broad array of entertainment options, including restaurants, hotels and a state-of-the-art multi-purpose arena.
Ciel in Dubai Marina is an amazing development that will set a new global benchmark as the world’s tallest hotel upon completion. This 82-storied mixed-use building will offer incredible 360-degree vistas across Dubai Marina, the Palm Jumeirah, and the Arabian Gulf.
Dubai CommerCity, a new ecommerce freezone, has launched 470,000 sq ft of new facilities as part of its first stage and will cover 2.1 million sq ft in Dubai’s Umm Ramool area. Ecommerce logistics units and multi-client warehouses in the logistics cluster, with more than 95,000 sqm of offices and 50,000 sqm of logistics units and “multi-client warehouses, Dubai CommerCity will offer storage options and a pay-as-you-go payment model to ensure ‘cost efficiency’ and ‘flexibility’.
Abu Dhabi Hindu Temple
The BAPS Shri Swaminarayan Mandir of Abu Dhabi in UAE will be situated on 55,000 square meters of land. Its construction is underway at the Abu Mureikha site, with the foundations expected to be completed in 2021. The temple site will feature prayer halls, an amphitheater, community center, library, play area for children, parks, visitor center, and food court. People from all faiths will come to learn about Indian culture and the Hindu religion when it opens in 2023.
Abrahamic Family House
A center of three religious spaces: a mosque, a synagogue, and a church, Abrahamic Family House will be a secular visitor pavilion on the same site on Saadiyat Island. This site as envisaged by Pope Francis and the Grand Imam Ahmed Al Tayeb will be serving as a center for human Fraternity for World Peace and Living Together. The project is anticipated in 2022.
A 3,623 meters high, 400 meters away from the landline, the four-breakwater project is designed to protect the beauty of Kalba beach from hurricanes and seasonal storms and the surrounding ecological life. It will get the Kalba Heritage Museum project, to be built on the seashore. The project will provide a big boost to tourism in the area.
Dibba Fujairah Sports Club Stadium
The construction of the Dibba Fujairah Sports Club Stadium is underway, located at Dibba, Fujairah. It will meet the requirements of the UAE Pro League and the Asian Football Confederation for holding regional championships.
Etihad Rail network is the first national freight and passenger railway network that will connect the seven emirates of the United Arab Emirates (UAE). This 1,200km railway project stretch is estimated to cost AED40bn ($11bn). The project in stage one is complete and operating along a 264km route from Shah and Habshan to Ruwais, transporting sulphur.
The Etihad Rail network stretches westwards to the borders of Qatar and Saudi Arabia while the western section of the Etihad Rail is linking Saudi Arabia via Ghweifat and the eastern section linking Oman via Al Ain. The railway line runs across the Emirate connecting Abu Dhabi, Sharjah, and Dubai.