Dubai Freehold Property
Dubai Real Estate/Property - Dubai Freehold Property by Dubai City Guide Summer 2008
Dubai is a leading freehold property market in the world and is the first such developer in the Middle eastern region. Since May 2002, Dubai freehold property ownership for expatriates has taken the international spotlight. These properties range from huge commercial skyscrapers and retail spaces to waterfront villas, apartments, estates and communities in multifaceted landscapes. The best known Dubai freehold property developments are The Palm Islands, The World, International City and Jumeirah Islands.
Ongoing Freehold Property Developments
Business Bay
Business Bay is among the latest freehold developments and is expected to be similar to New York’s Manhattan district. The developers aim to make Business Bay the region’s commercial capital, with a contributive environment for international businesses to set-up their headquarters and branches in Dubai. The total area covered by the project will be 64 million square feet, next to the Burj Dubai development.
Burj Dubai Downtown
Burj Dubai will be the world’s tallest building upon completion and the central landmark of Downtown Dubai, the major freehold property development project. The development will comprise of commercial, residential, leisure and entertainment complexes, plus mini water bodies, open green areas and pedestrian boulevards.
Burj Residence, containing 9 luxury apartment towers, Old Town with traditional architectural structures, The Lofts, a double-storeyed apartment complex and Dubai Mall, the world’s largest shopping mall covering 9 million square feet are all part of the Burj Dubai Downtown development.
Dubailand
Covering 3 billion square feet, Dubailand is being built to be an all-in-one tourist destination, including retail, attractions, real estate, entertainment , leisure etc. Once completed, Dubailand will be the world’s largest theme park. It’s set for completion in 2020.
Dubai Marina
Inspired by the Venetian canals, the Dubai Marina is a waterfront property development covering 53 million square feet of shoreline and water. It consists of luxury apartment towers and villas with waterfront views.
Jumeirah Lake Towers & Village
Artificially constructed lakes, waterways and landscapes make up the foundation on which the Jumeirah Lake Towers are built. Upon completion, the development will feature residences, retail outlets and offices in an area of 2.4 million square feet.
Jumeirah Village is an upcoming residential complex with 6000 villas and townhouses surrounded by beautifully landscaped greenery and high-quality leisure and lifestyle facilities. The architecture will be focused on Arabian and Mediterranean styles.
