Innovative real estate projects expected in Dubai in 2023
Dubai, an exceptional megacity at the crossroads of East and West, relentlessly strives for innovation in all spheres. Real estate is certainly no exception: the city impresses the world with its ambitious and innovative projects in this field.
In 2023, Dubai is preparing to unveil a series of astonishing real estate projects that will continue to shape the city's image as a city of the future. In this article, we will explore several innovative real estate projects expected in Dubai this year.
1. Dubai Creek Harbor - Ecological Luxury
The Dubai Creek Harbor project is situated in the northern part of the city and is adjacent to neighborhoods like Deira and Bur Dubai, which are part of the historic center. Innovations in real estate continue to be implemented here. This area will feature eco-friendly zones with spacious parks, modern infrastructure, and breathtaking views of Dubai Creek, seamlessly combining commercial, retail, and residential properties with well-equipped recreational and sports areas.
In total, Dubai Creek Harbour's 550 hectares can accommodate at least 650,000 residents and workers. With 7.3 million square meters designated for housing and 886,000 square meters for public and entertainment spaces and shopping centers.
The landmarks of the area include the Ras Al Khor Wildlife Sanctuary and the Dubai Creek Tower, which is still under construction but already attracting tourists' attention. As of today, it already looks remarkably impressive. Once completed, the tower will claim the title of the world's tallest building from Burj Khalifa, surpassing it by 100 meters. The Dubai Creek Tower project was designed by the neo-futurist architect Santiago Calatrava from Spain. The interior design is intended to resemble one of the ancient wonders of the world - the Hanging Gardens of Babylon - which is why the tower will feature rotating observation decks enveloped in greenery.
As for residential real estate, it is represented by six high-rise buildings. There are also separate villas for those who prefer seclusion and coziness.
In the residential towers, such as Creek Palace, investors are offered:
- One-bedroom apartments,
- Apartments with up to four bedrooms,
- Prestigious penthouses located at the top.
It's worth noting that real estate in Dubai Creek Harbour is valued not only for its comfort but also for its profitability, ranging from 4% to 5.2% annually.