Everyone in Dubai is excited for the Expo 2020 which being in Dubai we can imagine will be grand. It has changed the shape of projects in almost all sectors be it transportation, aviation, hospitality as well as real estate. Several new projects are coming up in different locations that investors as well as home buyers need to look out for. We'll talk about some of these projects in some detail. Waterfront Living There are many waterfront areas in Dubai like Jumeirah Lake Towers, Dubai Marina, Jumeirah Beach Residence, the world-famous destination of Palm Jumeirah and many more. All of these sites are being developed to include the best facilities and amenities and offer a variety of options ranging from affordable to ultra-luxurious homes that are suitable for renting as well as investing. Sustainable Projects Sustainability is the need of the hour. Dubai has a vision to become the most sustainable city in the world and is well on its way to do that. The sustainable city is Dubai will be the first net zero energy community in Dubai.
The phase l is already in place and phase 2 is expected to be operational by 2020. Dubai has also announced additional projects like The Desert Rose, a 14000-hectare smart city, is expected to have 20000 plots for the Emiratis. Greener Projects in Dubai Traditionally the developers utilized every square inch of land for construction. But there is growing awareness that greener neighbourhoods go a long way. Damac with its projects like Akoya Oxygen, dubbed as the "First green luxury residential address" has made a promise to provide energy efficient homes. It includes facilities like a golf course, yoga enclave, a 5-star hotel, an organic market and a luxury spa. Upcoming Neighbourhoods The city is expanding in all directions which leads to newer neighbourhoods coming up in different corners of the city. Mohammed bin Rashid City is a Dhs30 billion, 47million sq. ft. community that will be located between the Sheikh Zayed Road, Mohammed bin Rashid Road and Al Khail Road. There are several projects that are part of it such as Dubai Creek Harbour, a luxury residential community and many more.
Jumeirah Village Circle and Studio City are also one of the fasted growing neighbourhoods in the city. Branded Residences Well you cannot keep branding out of real estate. If on one hand Dubai is aiming for greener sustainable homes, on the other hand it is known for its designer, flashy, luxury homes. People can indulge in projects like The Trump Estates, result of a high profile partnership between Damac and Donald Trump. The Bulgari Resort which is the home to Middle East's first Bulgari Residences located at Jumeirah Bay Islands. The project is designed by famed Italian architecture firm Antonio Citterio Patricia Viel and Partners. One thing is sure that, come 2020 residents and investors will have difficulty is choosing the right place to live and invest in due to the wide variety of exciting projects available. For more info regarding current and upcoming projects you can check out Property Eportal that offers a one stop solution for all your realty needs. Written and published by Property E Portal Media Team.