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New Investment Opportunities in Dubai

Foreign investors with their eyes on property in Dubai may be interested in the New Emirates Hills development, which is set to include 26,000 residential units, links to airports via Dubai Metro, and 45km of trekking trails. The new communities will offer ideal homes for visitors and permanent residents, providing an ideal long-term investment opportunity for overseas buyers.


 

New details have been revealed about Dubai Hills Estate. The huge development is a joint enterprise by Meraas Holding and Emaar Properties that will see a large area of land in Mohammed bin Rashid City (MBR) completely transformed. Not only will the complex be connected to both the international airports within the emirates, but there will also be a vast number of amenities for residents to enjoy.

In a joint statement, the developers said: “Work on the golf course has made significant progress and the initial phase of the course is already complete. The first shell-and-core golf villas in the Fairways and Parkways communities are set for delivery later this year.” Meanwhile, the development of the Acacia, Maples and Mulberry apartments and townhouses are set to start shortly, with the latter properties expected to be completed first. In total, 22,000 apartments and 4,400 villas will be built.

Ahmad Al Matrooshi, the managing director of Emaar, said that the new residential communities that will be built in Dubai Hills Estate are the first of their kind in the city. The focus of the project is green living, with the golf course accompanied by extensive landscaping and nature trails. ‘There is opportunity for investors to purchase land plots and design villas of their choice, much like the Emirates Hills, which is an attraction that will appeal to the connoisseurs. It is all set to become one of the most sought-after communities in Dubai,’ Matrooshi added.

Dubai Hills Estate is one of the city’s largest ever master-planned communities. It will include more than 2.2 million square metres of green areas, including a central park and the golf course. Community retail areas, a mall, hospital, schools, hotels, sports centres, tennis courts and a boutique mall for high-end brands will also be built. There will be around 45km of trekking trails, as well as a 7km boulevard to enjoy.

To ensure the development focus remains on green living and sustainability, all housing is being designed to Dubai Municipality’s green building standards. Meanwhile, there is also a number of water saving ideas. For example, the golf course will be watered by treated waste and ground water. Low-water and arid-loving plants will make up much of the green space’s landscaping, reducing the need for irrigation.

For foreign investors, the new project may offer the ideal buying opportunity. Dubai Hills Estate will be connected to Dubai Metro Link, with the Purple Line linking directly to Etihad Rail main station. Cycling tracks and walkways will be available for residents, while a dedicated Dubai Hills rail line will connect visitors and residents to the major international airports for easy travel.

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