Junaid Iqbal Memon Reveals How Dubai’s Skyline and Coastline Is Set to Benefit Investors


Junaid Iqbal Memon On Dubai’s Skyline and Coastline.

Hailing from a family of business-oriented individuals, Junaid has drawn towards entrepreneurship and business very early on. With his understanding and interest in entrepreneurship piqued at a very young age, he has made this as his driving force towards carving a path of his very own in ventures focused on real estate and property development, and the founding of the Cloud 9 Group in 2014. In this post, we'll talk about Dubai's transformation and developments.

Dubai has earned a reputation in the course of the most recent decade for setting out kinds of bold, pioneering projects that generate global headlines – as well as offering investors some of the most competitive and steady returns in the world.

With a recent report announcing that Dubai real estate has delivered the best ROI since the Global Financial Crisis – a healthy average of 120 percent the forms of rent and capital gains – the rising interest for this market makes it all the more significantly fertile ground for development.

Reports, released by Reiden-GCP, expressed that it is "little surprise" that Dubai has become into a magnet for international investors, as "monetary inflows have kept on expanding relentlessly in the course of the most recent decade. 
At the 2017 World Government Summit held in the UAE, International Monetary Fund chief Christine Lagarde lauded the Emirates' financial leaders for their sound fiscal approach and emphasized the solid, positive connection among UAE and the IMF. 

In addition, the combined value of construction projects in the emirate surpassed US$313.6 billion, according to data aggregated by property developer Schon. In its findings, which take into account the value of 4000 projects in the urban construction, transport, utilities, industrial, oil and gas sectors, Schon takes notes that this figure is higher than the GDPs of most countries. 

In this favorable climate, the Dubai skyline is set to experience an impressive refurbishment as towers, waterfront shopping centers, and infrastructure spring up over the city in for imminent increases in tourists, investors, and residents. 

Metro expansion
One of the longest driverless Metro lines in the world, Dubai Metro's Red Line is set to undergo a development ahead of Expo 2020 to accommodate an expected 25 million visits. Running alongside the city’s main artery, Sheikh Zayed Road, the Red Line has already been successful in easing congestion and improving urban commutes in Dubai.

The 2020 development, to be conveyed by Thales Group, will incorporate an extra 15km of track, seven new stations and updates to the technology of the innovative metro network – contributing to Dubai’s “Smart City” initiative.  

Shifting Sands
A lot of Dubai's change will be seen along the city's coastline, with is one of the biggest property developments being Meraas Holding's Bluewaters Island. This US$1.63 billion project will mix seaside living with an urban-chic vibe, making it a one of a kind expansion to Dubai's portfolio of residential destinations. Bluewaters Island will be the home to the 210m Ain Dubai – set to be the biggest observation wheel in the world – and with an addition of more than 150 shopping, eating and leisure concepts.

On the other side of town, Nakheel Properties has been developing  Deira Islands – a mega project consisting of four man-made islands which will house a total of over 250,000 people upon completion. In addition to the increased retail space and housing that this extra 40km of coastline will introduce to Dubai, Nakheel has announced that that one of the islands will be a freehold location for private investment. A spectacular project in one of Dubai’s oldest areas, Deira Islands is likely to become a hotspot for tourists and investors alike when it opens in 2019.

Bird’s eye views
It's not just artificial islands are changing the state of Dubai: a standout amongst the most remarkable structures in the world – Dynamic Tower – is planned for completion by 2020. This 420m rotation tower is set to have 80 autonomously moving floors, enabling the building's building’s silhouette to continuously transform as each level rotates. When this feat of engineering is complete, it’s sure to up the futuristic quality of Dubai’s already-spectacular skyline.

A trip to the top of Dubai Creek Harbour’s ‘The Tower’ – also set for completion in 2020 – is set to offer a bird’s eye view of the entire city and its many new developments. An observation tower to shame all other observation towers, The Tower is alleged to top off at 928m, or a good 100m taller than the Burj Khalifa, and promises to revitalize property development in the Dubai Creek area.

Junaid Iqbal Memon is a property expert. Stay up to date with the developments in the property market by reading about Junaid Iqbal Memon online. You can also follow the Junaid Iqbal Memon on Facebook and the Junaid Iqbal Memon on Twitter.

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