The UAE is the second most active construction market in the GCC. In October 2018, the UAE Cabinet had approved the biggest-ever federal budget for a single year with $16.3 billion in 2019, with a clear focus on community development, education and healthcare, which can be expected to have a positive influence on urban buildings construction in the months to come. Here are the top 3 projects in the most active cities:
DUBAI
Construction projects in Dubai are valued at $430B, top 3 projects include;
Dubai Town Square - Valued at $10B, Dubai Town Square spread across 750 acres of land will feature 3,000 townhouses and 18,000 apartments in addition to retail, hospitality and commercial units, including Zahra Townhouses, Hayat Townhouses and Zahra Apartments. Click here to know more about the project.
Royal Atlantis Resort & Residences - Valued at $1.4B, the project's scope of work consists of a resort development located on Palm Jumeirah, Dubai. The 193-metre hotel and residences towers are joined together by a "spa bridge" which will have a 90-metre sky-pool at a height of 100 metres for the hotel’s guests that can be accessed by the residents as well. There will also be 65 outdoor pools in the residential wing. Click here to know more about this project.
Tonino Lamborghini Residences - The project valued at $950M consists of a mixed-use development with residential apartments, commercial outlets and community facilities located at Nad Al Sheba 1. The project will offer a combination of smart technology, contemporary design and lush green landscapes. In addition, residents will be able to enjoy advanced home automation, smart services and intelligent climate control all year round. Click here to know more about the project.
ABU DHABI
Construction projects in Abu Dhabi are valued at $409.5B, top 3 projects include;
Ruwais Crude Processing Flexibility - The project valued at $3.1B involves the construction of a new atmospheric residue de-sulfurization (ARDS) facility, with an annual capacity of 177,000 barrels per day for the ADNOC Refining unit. Click here to find out more about the project.
Fairmont Hotel & Serviced Apartments - The project valued at $613M comprises of 563 guest rooms and 249 service apartments (144 serviced apartments, 105 other apartments) up to 13 bars and restaurants, parking area for more than 1300 cars and more. Click here to find out more about the project.
Reem Island Shams Development - The project is valued at $9.54B and its scope of work consists of 147 mixed-use towers. The project includes five districts: Garden, Central Park, Marina, Theatre, and Gate district. The project will also include a canal with 3.5 kilometers long and 15 meters width. Click here to find out more about the project.
SHARJAH
Construction projects in Sharjah is valued at $47.4B, including top 3 projects:
Sharjah Waterfront City - Valued at $6.8B, the project's scope of work consists of mixed-use sea front development located at Sharjah Waterfront City. The project comprises 10 islands which includes retail centers, tourist attractions, leisure cruise terminal, a water park, and much more. Click here to find out more about the project.
Al Mamsha (Zone 1) - The project valued at $400M scope of work consists of 33 mixed use buildings located at Al Juraina, Sharjah. Zone 1 entails 33 residential and commercial buildings comprising 6 and 9 floors including retail spaces connected with sidewalks and walkways. Click here to find out more about the project