Emaar Properties Unveils Dh96 Billion Luxury Residential Masterpieces in Dubai
Emaar Properties, the renowned Dubai-based developer, has announced the launch of two new luxury residential projects – The Heights Country Club and Grand Club Resort, with a combined investment of Dh96 billion. These additions to Emaar’s portfolio are set to enhance Dubai’s reputation as a destination for luxury living.
The Heights Country Club, sprawling over 81 million square feet and valued at Dh55 billion, and the Grand Club Resort – covering 60 million square feet with an expected cost of Dh41 billion, is designed to cater to the upscale market. Both projects will feature numerous villas and townhouses, with the Grand Club Resort strongly emphasising wellness facilities.
Mohamed Alabbar, Chairman of Emaar, stated, “Emaar is not just contributing to Dubai’s progress – we are leading the way, creating exclusive lifestyle destinations with unprecedented amenities that set new global standards.”
The announcement comes when Dubai’s real estate market is experiencing a surge in off-plan launches, including significant projects like the reworked Palm Jebel Ali and Dubai Islands. Emaar’s recent financial performance has been robust, with its development arm, Emaar Development, seeing a 45 per cent increase in stock value over the past 12 months. Emaar Properties has enjoyed a 47 per cent gain.
The Heights Country Club will be in Dubai’s emerging Al Yalayis area. At the same time, the Grand Club Resort will be adjacent to Emaar’s ongoing The Oasis project near Sheikh Zayed Bin Hamdan Al Nahyan Street. The Oasis is expected to house over 7,000 residential units upon completion. These new projects add to Emaar’s impressive portfolio, which includes The Beachfront, The Valley, Dubai Hills Estate, and The Oasis.
