Emaar Unveils AED 96 Billion Luxury Projects in Dubai

Emaar Properties, Dubai's leading listed developer, has made waves in the real estate market by announcing two extravagant projects valued at a staggering AED 96 billion combined ($26.14 billion). The Heights Country Club and Grand Club Resort will be adjacent to one of Emaar's ongoing developments, The Oasis, situated on the outskirts of Dubai. Both projects are poised to elevate the standards of luxury living in Dubai.

This is an excellent time for Emaar to unveil its ambitious projects, as Dubai's real estate market experiences a significant boom fueled by various government incentives. At the forefront of these initiatives is the coveted Golden Visa program, which offers long-term residency to investors, entrepreneurs, and skilled professionals, attracting a steady influx of high-net-worth individuals to the city. Here’s what we know about the master developers’ upcoming ventures.

About the Lifestyle Projects

Grand Club Resort has been meticulously crafted to accommodate world-class resorts and wellness amenities, promising an unmatched experience in premium hospitality. Comprising opulent villas and townhouses, the district covers 60 million square feet and is valued at AED 41 billion.

Meanwhile, Height Country Club sprawls over 81 million square feet larger than the Grand Club Resort. The project has a value of AED 55 billion and features luxurious villas and townhouses. With this real estate development, Emaar aims to provide residents with an unparalleled luxury living experience.  

It is located in Dubai's esteemed Al Yalayis district within the vibrant community of Emirates Living. The elegant Heights Country Club tower offers stunning vistas of a renowned racecourse. Aligned with Emaar’s dedication to sustainable development and forward-thinking residential environments, both projects will showcase eco-conscious designs. These premium lifestyle destinations boast a harmonious fusion of sustainability and innovative planning.

Mohamed Alabbar, the visionary founder of Emaar Properties, stated, “These developments are more than just projects; they are a powerful statement of our vision … representing the grandeur and transformative future of high-end living”.

About the Developer

Emaar Properties is a global real estate developer and provider of premium lifestyles. Emaar's newly launched projects include The Oasis, The Beachfront, and The Valley. The Oasis is the flagship residential project of the developer. The $20 billion luxury waterfront development boasts 7,000 residential units. Moreover, the developer plans to build the prestigious tower at Dubai Creek Harbour. While initially touted as the world's tallest, Mr. Alabbar revealed a shift towards crafting a female version of Burj Khalifa, departing from the towering heights previously envisioned.

The prominent property developer in the Emirates continues to witness remarkable financial performance. It reported a staggering 70 percent increase in net profit for the 2023 fiscal year, reaching AED 11.6 billion.

As Emaar reshapes the skyline and redefines luxury living, Dubai solidifies its position as a global hub for premium real estate and unparalleled opulence.