Middle East ‘The Lucrative Market”

Dubai

Marasi business bay project

The project will feature floating homes, a first of its kind in the UAE, each having exclusive boat access and incomparable Dubai Water Canal views.

Completion date – 2022

Jewel of Creek

Jewel of the Creek’s first phase comprises a 438-room flagship Roda five-star hotel, four towers of serviced apartments, a 60-berth marina and 20 retail and food and beverage outlets. 

The project’s second phase will be home to the Dubai Dome, a 3,000-capacity multipurpose hall, along with three hotels – a 389-room dry hotel, a 445-room fashionable four-star hotel and a 405-room plug-and-play three-star hotel.

Completion date – Ongoing

Dubai Creek Harbour

As the city’s natural harbour, Dubai Creek was the epicentre of Dubai trade, fishing and pearling. Focusing on the city’s source of livelihood and culture, Dubai Holding joined forces with Emaar for the Dubai Creek Harbour. Harnessing the historical and environmental aspects of Dubai Creek, they formulated a masterplan for a smart yet green city, while keeping its heritage radiant and secure.

Completion date – 2025

Marsa Al Arab

Marsa Al Arab is Dubai Holding’s mega project spread across an area of 4 million sq ft. It is composed of two islands on both sides of the Burj Al Arab Hotel with a 2.2km beach façade.

Completion date – 2020

Saudi Arabia

Al Faisaliya City

Al Faisaliya City: The USD 25 Billion Al Faisaliya City concept for the western coast of Makkah stands at the top of the BNC list in value. The development will spread across an area of 2,450 square kilometres and will provide 995, 000 housing units to accommodate 6.5 million people by the 250 completion date. It will include a governmental complex, and will facilitate both an airport and seaport.

Dahiyat Al Fursan

Grand Mosque – Holy Haram Mosque Expansion: With an estimated completion date of mid-2018, the USD 21.3 Billion expansion project will be divided into three phases; the expansion will include the addition of a new seven story building with 74 prayer halls, an ornate prayer hall spread over 250,000 square meters and a 5000-square meter of central ceremonial area.

Al Shamiya & Mataf Expansion

Al Shamiya & Mataf Expansion – Holy Haram Mosque Expansion: The USD 5 Billion project involves the expansion of a Mataf (the circumambulation area around the Holy Kaaba) by a width of 20 meters. A majority of the expansion will be used to accommodate a capacity of more than 50,000 pilgrims per hour to 130,000 when it is completed.

Mall of Saudi

Mall of Saudi: Due at the beginning of 2020, the Riyadh-based USD 3.2 Billion project involves the construction of a mall spread over an area of 8666,000 square meters including indoor snow parks and 3000,000 meters of shops, restaurants, entertainment areas, residential units, offices, showrooms space, luxury hotels and services apartment buildings.

Kuwait

Saad Al- Abdullah City

$4bn (KWD1.22bn) project, which is expected to accommodate 25,000 to 40,000 households. According to the ministry, it is strongly pushing for what it described as the “first export of the smart city project”. The ministry noted that the project in Kuwait has the potential of opening up similar opportunities in other parts of the Middle East.

Oman

Mina Al Sultan Qaboos

The $2bn waterfront project located in Muscat, Oman, is a joint venture between Damac and the Oman Tourism Development Company. The redevelopment of Mina Al Sultan Qaboos into an integrated lifestyle destination stems from His Majesty’s vision of transforming the historical centre of commerce in Muscat into a timeless and thriving economic hub,” stated Dr Ali bin Masoud Al Sunaidy, Deputy Chair of the Supreme Council for Planning, Minister of Commerce and Industry, and Chair of Omran.

Bahrain

Bahrain Bay

Bahrain Bay, the waterfront wonder, is one of Manama’s most important landmarks. It spreads over 500 thousand square meters and is valued at $2.5 billion. The bay provides residential, commercial, and touristic services, as well as social and public facilities. It is made up of three islands: the Northern Island, the Southern Island, and the central Four Seasons Island. An internal port was established by building two bridges that connect to the mainland.

Durrat Al Bahrain

Durrat Al Bahrain is the second largest manmade island in Bahrain, following Amwaj island. It reached a cost of $6 billion and is made up of 15 islands over an area of 20 million square feet.

The development project features 6 coral islands, 5 fish-shaped islands, and two crescent-shaped islands. The name, Durrat Al Bahrain, is symbolic of its prominence and perfection, as it translates to “the most perfect of pearls”.

Bahrain Financial Harbour

Bahrain Financial Harbour is a commercial development project that has become one of the main centers of Bahrain’s financial sector. It aims to promote Bahrain as a financial center in the Middle East.

The Harbour was designed to form an integrated developmental system that includes under its roof the best companies in the financial sector. The 380,000 square meter project reached a cost of over $1.5 billion.