Business Bay
Just a few minutes away from Downtown Dubai area, Business Bay is emerging as an upscale business/residential district exceeding expectations set up for Dubai’s most prominent business hub. This community is known for its many globally renowned hotels, fine dining restaurants, rich nightlife scene, long serene canal walk as well as outstanding sought after residential properties.
The entire development covers an area of 46,900,000 sq ft (4,360,000 m2), and the gross leasable area is 78,500,000 sq ft (7,290,000 m2). The projected population of the entire development is more than 191,000, and the estimated population of employers and others is 110,000, making the total population more than 300,000. Commercial development will comprise 2,653,244 sq ft (246,494.4 m2), which is 18.5 percent of the entire development; mixed use development will comprise 8,520,368 sq ft (59.4 percent); and residential development will cover 3,163,628 sq ft (22.1 percent). Business Bay will cost AED 110 billion (USD 30 billion).
Damac
DAMAC
Properties has been at the forefront of the Middle East’s luxury real estate
market since 2002, delivering residential, commercial and leisure properties
across the region, including the UAE, Saudi Arabia, Qatar, Jordan,
Lebanon, Oman and the United Kingdom.
Making
its mark at the highest end of stylish living, DAMAC Properties has cemented
its place as the leading luxury developer in the region, having delivered over
26,000 homes, with a development portfolio of more than 37,000 units at various
stages of progress. This includes 10,000 hotel rooms, serviced hotel apartments
and hotel villas that will be managed by its wholly-owned DAMAC Hotels &
Resorts.
The
company has released two master developments in Dubai, totaling nearly 100
million square feet between them. DAMAC Hills (formerly AKOYA by DAMAC) offers
a mix of horizontal and vertical community living set around the
championship-standard Trump International Golf Club Dubai and nearly four
million square feet of private parkland. Trump International Golf Club Dubai was
opened in February 2017 by guests of honour Donald Trump Jr and Eric Trump. The second development, AKOYA
(formerly AKOYA Oxygen) boasts another world-class golf course
by Tiger Woods Design,
the Trump World Golf Club Dubai.
In January
2017, DAMAC Properties had awarded more than 370 contracts worth AED 3.5
billion. The contracts included construction, supplier and consultancy services
across its portfolio of developments. The company assigned over $1.5
billion to its flagship project Akoya in June 2018.
In
January 2015, DAMAC Properties was publicly listed on the Dubai Financial
Market.