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Find Out The DMCC’s Latest Development: The Launch of a New Phase of Uptown Dubai with Two Towers Currently Under Construction

dmcc

Reiterating its commitment to growing and improving its real estate offerings, Dubai Multi Commodities Centre (DMCC)as its latest development has started the second phase of its Uptown Dubai development. This significant achievement comes after Swissboring Overseas Piling Corporation was recently chosen to handle the foundation and enabling work. Uptown Dubai is an area located in the southern part of the city, and the building of two mid-rise skyscrapers inside it is the ongoing phase. These 23- and 17-story skyscrapers will include retail, food, beverage, and Grade A commercial office space.

Gross Floor Area Total

●  When everything is said and done, Uptown Dubai is expected to contain 538,000 square meters (5.8 million square feet) of indeed gross floor area (GFA).

●  Twenty-three thousand square meters, or 2.5 million square feet, will be devoted to commercial office space.

●  With the thoughtful addition of these two skyscrapers, the already-existing Uptown Tower, and residential buildings such as Ellington Properties’ Mercer House, the district’s projected tower count now exceeds fifty.

Dmcc

District Synopsis

The nine buildings of Uptown Dubai will enclose The Plaza, the district’s core hub. It is intended for this area to accommodate a wide range of events, including fashion, music, film performances, and immersive art pieces. The district’s architecture shows a dedication to developing a lively, captivating environment that transcends conventional business spaces.

The Vision Of Ahmed Bin Sulayem

●  Ahmed Bin Sulayem, the DMCC’s Executive Chairman and CEO, stressed the organization’s commitment to bringing His Highness Sheikh Mohammed bin Rashid Al Maktoum’s incredible vision to life.

●  DMCC has been actively trying to develop a world-class commercial area in Dubai for more than 20 years.

●  Bin Sulayem emphasized that the pre-leasing of Uptown Tower’s Grade A offices was successful and that Phase 2’s groundbreaking goal is to add two more commercial buildings to emulate this success.

The Part Of Swissboring

The second phase’s enabling and foundation activities have been assigned to Swissboring Overseas Piling Corporation. The work they will perform encompasses dewatering, excavation of the whole Phase 2 site, tower foundations, podium levels, future bridges, and basement retention units. This partnership demonstrates the dedication to ensuring the new towers have a strong base.

DMCC

Past Accomplishments

The second phase of Uptown Dubai began after Uptown Tower opened successfully in 2023. Names like Invisalign, Wellbred, Hikvision, and the Gemological Institute of America are among the 31 prestigious companies that call this 81-story skyscraper home. As a component of the urban luxury hotel SO/Uptown Dubai, the tower also comprises hotel rooms and branded condominiums.

In Conclusion

The second phase of Uptown Dubai, which DMCC in its latest developmentis developing, demonstrates a deliberate and planned approach to urban development. The cooperation with Swissboring and the offices’ successful pre-leasing in Uptown Tower highlight Uptown Dubai’s expansion’s promising trajectory. The area’s central Plaza serves as a hub for various events, contributing to the realization of Dubai’s ambition of a world-class corporate center.

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Everything You Need to Know About Taraf’s Announcement of their New Premium Residences, CELLO

taraf1

The newest project from Taraf, Yas Holding’s real estate division, is CELLO, a collection of upscale homes that will revolutionize life in Dubai’s bustling Jumeirah Village Circle (JVC). CELLO provides a selection of open studios, one-to-three-bedroom apartments, and four-bedroom penthouses, all dedicated to beautiful design and a smooth integration of work, living, and leisure.


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Exciting News: Dubai’s  Central Downtown New Towers to Feature Color Fountain, Rainforest Retreat, and Organic Farm

Central Downtown

With the opening of The Central Downtown, Dubai’s constantly changing skyline will undergo a revolutionary makeover. With its cutting-edge architecture and plenty of distinctive facilities, this ambitious project by Aqua Properties aims to revolutionise modern life. In addition to providing 1,168 residential apartments across a massive 300,000 square-foot plot, the Central Downtown’s four towers, scheduled for completion by 2026, would also provide the Arjan neighbourhood with the largest piece of land. The Central Downtown model of elegance and convenience exemplifies a forward-thinking strategy for developing a community that goes beyond traditional limits.


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UAE housing market – JLL predicts the construction of 42,000 new residential units by 2024, reshaping the skylines of Dubai and Abu Dhabi

Uae

The UAE housing market is supposed to go through a significant change by 2024. As per JLL, a global land administration business, 42,000 new private units will be underlying Dubai and Abu Dhabi. This gauge shows how the land business is proceeding to fill the two urban communities, with specific accentuation on Dubai, where 34,000 units are expected. We get into the specifics of this prognosis in this post. Looking at demand dynamics, present trends, and possible effects on the property market in these thriving UAE metropolises.


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Dubai Developer Launches $817 Million Central Downtown Project; Luxury Towers to Feature Premium Real Estate Above Mall

Central Downtown

In a significant move for Dubai’s real estate market, a well-known developer revealed Central Downtown launch. This $817 million project includes brand-new skyscrapers offering premium space over a busy shopping centre. This large-scale project represents a significant investment in the centre of Dubai, giving the city’s skyline a dynamic new aspect and fostering the city’s real estate market’s ongoing expansion.


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Dubai’s Real Estate Revolution: Unraveling the 400% Surge in Lease Agreements

leasing in dubai

A breathtaking turn of events has shaken up Dubai’s real estate market. The number of property lease agreements has increased by an astounding 400% in January 2024. The unanticipated increase in lease transactions has generated curiosity and conjecture, highlighting the elements that have elevated Dubai to the forefront of the world property market. Investigating the factors that led to this incredible rise reveals that Dubai has successfully positioned itself as a source of stability and opportunity, drawing in residents from domestic and foreign markets. In this article, we indeed explore the elements that have contributed to this extraordinary upsurge and look at the mechanisms that have driven such a significant increase in real estate leasing transactions.


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Why Dubai Is The Prime Destination For High Yield Real Estate Investments?

dubai

Dubai, with its futuristic skyline, opulent lifestyle, and thriving economy, has emerged as a prime destination for real estate investments. Investors from around the world are increasingly turning their attention to this city that seamlessly blends tradition with modernity. What sets Dubai apart is not just its iconic structures and luxurious amenities but also the potential for affordable yet high-yield returns in the real estate sector. In this article, we’ll explore the reasons behind Dubai’s rise as a favoured destination for those seeking a balance between affordability and lucrative returns in real estate.


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Binghatti, Mercedes-Benz Launches New Luxury Branded Residences Mercedes-Benz Places – Valuable Insights

Mercedes-Benz Places Binghatti

Mercedes-Benz and Binghatti Properties have launched their imaginative endeavour, “Mercedes-Benz Places | Binghatti,” representing the merger of architectural innovation and automotive excellence. This is a revolutionary cooperation. This 65-story residential skyscraper, which will rise in Dubai, offers a unique luxury living experience. This piece dives into the salient features of the project, examining its design ethos, strategic ramifications, and overarching goals regarding Mercedes-Benz’s entry into the branded real estate market.


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Deals of Off-Plan Properties in Dubai Record 8X Increase From 2020 to 2023

Off-Plan Properties in Dubai

Off-Plan Properties in Dubai have emerged as the frontrunners in the real estate arena, marking a remarkable resurgence after a relatively quiet 2020. Pre-handover sales have experienced an astounding surge, witnessing an eight-fold increase in recent years, contributing to over half of all real estate transactions.

The off-plan property sector in Dubai is currently experiencing an exciting boom, with strategic keyword placement for “off-plan properties in Dubai” enhancing its online visibility.


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Real Estate Market in Dubai Records a Whopping Transactions Worth AED 1.88 Billion in a Single Day

Real Estate Market in Dubai Records a Whopping Transactions Worth AED 1.88 Billion in a Single Day

In a significant development, the real estate market in Dubai has continued its upward trajectory, showcasing its resilience and attractiveness to investors.

According to data released by the Dubai Land Department (DLD), the market recorded a total of 567 sales transactions, amounting to AED 1.88 billion on Monday.

Additionally, there were 155 mortgage deals totaling AED 688.9 million, and 17 gift deals valued at AED 44.05 million.


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