REVEALED: 11 new mega projects coming to Dubai
Dubai Modern Art Museum and Opera House District
Dubai ruler Sheikh Mohammed bin Rashid Al Maktoum in March announced plans to establish a cultural district which will include a museum, two art hotels and an opera house.
The Dubai Modern Art Museum and Opera House District will be located in Emaar’s flagship Downtown Dubai and aims to build on Dubai’s 50 art galleries and festivals such as Art Dubai.
The complex will include an Opera House, modern art museum, galleries and design studios, as well as two new art hotels and several residential apartments and design studios.
QE2 Hotel & Port Rashid Cruise Maritime Museum
Dubai in July announced it is to relaunch the iconic QE2 cruise liner as a 300-room luxury floating hotel, as part of plans to transform its current home at Port Rashid into the emirate’s newest tourist attraction.
The 293m long vessel was bought from Cunard for around US$100m in June 2007 by Istithmar, an investment company owned by the government of Dubai.
The cruise terminal at Dubai’s Port Rashid is now set to become the liner’s permanent home and it will be converted into a 300-room luxury hotel, with the terminal developed to include a maritime museum. The refurbishment work is expected to take 18 months to complete.
According to Bloomberg, Istithmar is currently in talks with three hoteliers, including Jumeirah Group, to manage the property.
Mohammed bin Rashid City
Dubai ruler Sheikh Mohammad Bin Rashid Al Maktoum announced this week plans to build a new multi-billion dollar project called Mohammad Bin Rashid City.
The new city project will be built by Dubai Holding and Emaar Properties in what is being described as the biggest real estate joint venture in the region.
No value has been given for the project but plans include building the world’s biggest shopping mall, a Universal family theme park and a park that is a third bigger than Hyde Park in London.
The project will comprise four key components and will feature “world class leisure facilities and provide an integrated environment for the development of entrepreneurship and innovation”, a statement said. It is not clear how this project will impact the much-delayed Dubailand project.
Hadaeq Sheikh Mohammed Bin Rashid
Meydan’s new development spanning a total 5,088,959 sqm across the Nad Al Sheba landscape, it will feature a collection of neighborhoods centered on ‘garden living’, with infrastructure designed to resemble modern residential locales that imitate those found in the English and French countryside and the Japanese gardens of the East.
Connected by canals and lagoons, the entire water network will run over 190,000sqm alongside a horse riding trail, walking and jogging paths, a bio-dome, bicycle track and sports facilities.
Madinat Jumeirah expansion
Dubai’s ruler Sheikh Mohammed announced in November a AED2.5bn ($680m) plan to expand the Madinat Jumeirah tourism development in the emirate.
The fourth phase of expansion, which will face the Burj Al Arab area, will include a luxury five-star hotel, villas complex, restaurants, a commercial centre featuring retail stores and an open walking area.
The work is due to be completed before the end of 2015.
Located along Sheikh Zayed Road, this is Meydan’s first foray outside the iconic sporting arena. The new skyscraper will include Sky Gardens, nine pools, an indoor running track, tennis courts and the ‘Club House’ – a new rooftop nightclub in Dubai with its own infinity pool.
Falconcity of Wonders (FCW), a Dubai-based project which will include global iconic architecture from around the world, such as The Pyramids of Egypt, The Hanging Gardens of Babylon, The Eiffel Tower, The Great Wall of China, and The Leaning Tower of Pisa, in October announced the latest addition will come from the Indian subcontinent.
The new project will be named the “Land of India and the Taj Arabia” and will include a replica of the iconic Agra tourist attraction. Set to be themed as the “New City of Love” and due to be completed by end of 2014, the developers behind Falconcity said it has already attracted interest from Bollywood.
Announced in 2005, Dubai’s Falconcity will be part of the 41m sqft Dubailand entertainment complex.
Business Bay Canal Project
Dubai’s ruler Sheikh Mohammed bin Rashid Al Maktoum in October annoucned AED1.5bn ($408m) plans to extend the Business Bay Canal Project.
Work on extending the canal from Sheikh Zayed Road to the Arabian Gulf will be completed in two years.
Longer-term, Dubai’s Roads & Transport Authority (RTA) said floating hotels and restaurants could be built to line the canal, creating a new attraction for visitors and residents.
Dubai Theme Park Project
The Ilyas and Mustafa Galadari Group (IMG), developers behind the much-delayed City of Arabia project, announced in May they had secured funding for a new indoor theme park in Dubai.
Construction of the entertainment project was expected to be completed by the end of 2013 and IMG Theme Park said it had entered into agreements with world renowned brands to use their concepts and characters.
The theme park is planned to have a total built up area of approximately 1.2m sq ft, and will include one of the region’s largest rollercoasters.
Originally launched in 2005, it was slated to be completed by 2010 but was put on hold when the impact of the global economic crisis hit Dubai’s real estate and construction industries.
World Discus Hotel
The shipbuilding arm of Dubai World has announced plans to build a series of underwater hotels in the emirate.
In May, Drydocks World said it has signed an agreement with a Swiss contractor to develop the World Discus Hotel, which is partly submerged under the sea.
As well as providing leisure facilities, the development will also include a laboratory for ocean environment protection and research.
Drydocks World, part of government-owned holding company Dubai World, is currently in the process of restructuring US$2.2bn worth of debt.
Dubai’s Al Habtoor Group in January announced plans to demolish its 34-year old Metropolitan Hotel and redevelop the area into a tourism complex in a plan valued at $1.3bn.
Demolition of the existing site began earlier this year. The conglomerate, one of the UAE’s largest, said it would build three luxury hotels and a string of tourist attractions including a theatre to stage Broadway-style shows.
Construction of the complex, which will include a shopping arcade, a tennis and sports academy and themed restaurants, is set to begin in the first quarter and be completed in 48 months.