Words by Aneesha Rai
Touted as one of Dubai's most important real estate events, Cityscape has now become a meeting point for real estate professionals to drive growth in the real estate markets in the Middle East. Here is the round-up of the highlights of the event in case you missed it:
1) Dubai's most expensive flat
Priced at AED 200 million, the penthouse at the off-plan project, The One received an influx of interest. This super-luxurious penthouse is massive and reported the size of 40 flats at 41,914 square feet. It features seven bedrooms and 12 parking spaces. It also will host an in-house movie theatre, private spa, sauna and a huge terrace. Investors from the U.S., U.K., Saudi Arabia, Qatar, Kuwait and Bahrain expressed their interest in this one of a kind property.
2) Unveiling of d3
Swanky and stylish, the Dubai Design District (d3) unveiled that its phase one buildings for office and retail spanning 1.5 million square feet will be completed before the end of the year. Boasting high-end boutique luxury shops including Hugo Boss and the Chalhoub Group, the district is promising with its numerous art and fashion initiatives. Excavation works for the phase 2 which will comprise of the warehouses and workshops has also started and will be ready by 2018. Several new boutique hotels are set to pop up during phase 3, all of which will overlook a 1.8 kilometre waterfront. Watch this space as Luxhabitat informs you of more.
3) Mall of the world- Redesigned
The gargantuan Mall of the world project at Dubai Academic city has gone through a re-worked master plan. It has now be reintegrated to allow easy access to the public transportation system via the metro, tram and buses. The master development will now consist of multiple retail, residential, commercial, entertainment and various lifestyle options. The project will include an eight million square feet shopping mall, the world’s largest theme park which will be covered by a glass dome that will be open during the winter months, a wellness dedicated zone, a cultural celebration district, and a plethora of hospitality options comprising 20,000 hotel rooms.
4) Palm Jumeirah transformed
Nakheel announced plans to redesign the Palm Jumeirah trunk and transform it by adding a walkable beach, park, retail and café complex. Termed the 'Palm Promenade,' which stretches 1.5 km along the island's trunk. It also includes new walkways and crossings that connect the 30 apartments in the area. You can view our apartments on the Palm Jumeirah here.
5) The Dubai Water Canal- Transforming the Dubai skyline
The new Dubai Water Canal project is a joint venture between the Road and Transport Authority, Meydan City Corporation and Meraas. It will run across 2.9 kilometres connecting Business Bay to the Gulf, thereby transforming the area. Phase 1 of the project stands 40% completed. Phase 2 and phase 3 of the project are also currently under construction.