Despite the pessimism of a few analysts complaining about the weak supply at the Dubai property market, local developers keep working on schedule and bringing new launches, as well as new handovers, to the market. But November is definitely going to be the month of greatest handovers, starting from the mega-popular and recently opened Dubai Canal with a number of new developments on its banks, and taking to account the delivery of Bollywood Parks and Resorts.
Culture Village developer Dubai Properties, which is constructing its new community near Al Jadaf, decided to bet on two small but trendy mini-clusters of residential property here — Dubai Wharf and Manazel Al Khor, in addition to the construction of the magnificent Anantara hotel on the banks of the Dubai Canal. And one of them, the Dubai Wharf, is now 70 per cent complete, waiting only for the finishing touches to be made:
The first of the four towers of the AED 800 million Dubai Wharf will be handed over in November, the second one — in January - February 2017, and two more towers are said to be delivered before the end of the next year. In total, the towers will house 594 residential units, including studios, and one, two and three bedroom apartments. But the complex ground floors will be entirely dedicated to entertainment and leisure component, facing the Dubai Canal: 110 restaurants, retail units and F&B outlets are about to open here soon.
In total, Culture Village area will transform nearly 6 kilometers of the Canal banks with landscaped embankments, retail units and lounge zones surrounded with lush greenery.
And Dubai Parks and Resorts is going to delight Dubai residents and guests with another major handover of the month: one of the six Dubai Parks and Resorts, Bollywood Parks and Resorts dedicated to Indian Bollywood cinematography opens on November 17. Given the interest of the entire Asian region and the rest of the world to Bollywood, park management plans to attract here up to 7 million visitors in 2017 and up to a billion visitors in the future.
And, of course, let’s not forget that projects such as the Dubai Canal and Dubai Parks and Resorts truly transform the emirate for the better, upgrading its status on the global stage, and thus valuing up local property and the associated return on investment in real estate.