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New luxurious Dubai property projects

By Jenny Holmes Published 12/27/2007 | Business and Finance

International real estate investors interested in getting in on the next big thing are turning their attention towards Dubai property for sale. From a property investors perspective Dubai offers investors the chance to tap into incredible returns on investment throughout the build period and beyond, together with the chance to generate some of the most attractive, sustainable and increasing rental yields in Dubai from the growing numbers of tourists expected to flock to the delights of Dubai. 

Jumeirah Beach Residence in Dubai is considered the largest single-phase residential and commercial project in the world, at a cost of AED 6 billion (US 1.6 billion). One of the four hotel towers at JBR will be the Amwaj Rotana Resort. Jumeirah Beach Residence (JBR) comprises of 36 luxury residential apartment towers and 4 hotel towers. It is located on north shore of the Dubai Marina, close to the Palm Jumeirah and is designed to offer a year-round beach resort lifestyle to its residents. This project is exceptional in many ways. Not only it is right by the beach, it also offers luxury at a very affordable price. When completed, it will be a city within a city, a self-contained community that has no parallel in the region. Reasons enough for you to make sure your family is one of the privileged few to move in.

The Walk at JBR brings outdoor shopping to Dubai: Luxury brands Saks Fifth Avenue and Boutique 1 has announced at Retail City 2007 to open their second outlets in the UAE at The Walk in Jumeirah Beach Residence (JBR), which will make property in Dubai investment even more profitable. The Walk will be Dubais first outdoor shopping experience, and will offer a unique lifestyle that will add value for residents and visitors alike. Spread across 800,000 sq ft, it is divided into two main levels encompassing over six sections.

Next project in Dubai set to be the biggest and best business hub in the Middle East, Business Bay is set to be the financial center of this growing economy. The project, created by His Highness Sheikh Mohammed bin Rashid Al Maktoum, is currently under construction and will be based on other key financial districts such as Manhattan in New York, and Canary Wharf in London. The project, being developed by Dubai Properties, is set to be completed in 2010 and will be made up of over 230 towers, with many of these already under construction. The key buildings at the bay are: Bayswater, Burj Al Najoom, Churchill Tower, Executive Tower D, Executive Tower E, Executive Tower J, Executive Tower M, Lotus, One Business Bay and XL Tower; in addition to other various projects and freehold land plots.

The Executive Towers comprises of 11 residential towers, featuring one luxury hotel tower, a two-level shopping wall, clinics, health clubs and a lot more. The contemporary design and architectural theme of the towers reflect the modern image of Dubai. The Executive Towers and the lifestyle they represent are focused towards those who enjoy success and an intelligent way of living. Expected completion date is end of 2007.