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Dubai-based developer Emaar Properties has announced a new USD 55 billion mixed-use development in Dubai, marking one of the company's largest projects to date. The master-planned urban district is expected to accommodate around 150,000 residents and will feature residential towers, villas, office spaces and retail destinations spread across 4.5 million square metres. The announcement comes as Dubai's property market continues to attract global investors despite recent regional uncertainties. The project further reinforces Emaar's long-term confidence in Dubai's real estate sector, which recorded its strongest-ever performance in 2025 with transaction values reaching nearly USD 250 billion.
Emaar Properties has announced plans to develop a new USD 55 billion urban district in Dubai, underscoring its confidence in the emirate's long-term real estate growth despite recent geopolitical uncertainties in the region. The project is being positioned as one of the largest developments undertaken by the company and is expected to accommodate approximately 150,000 residents.
The development will span around 4.5 million square metres and include a mix of residential towers, villas, office spaces and retail destinations. According to Emaar founder and managing director Mohamed Alabbar, the project represents the company's most ambitious development so far.
The master-planned community is expected to offer views of some of Dubai's most recognisable landmarks, including the Burj Khalifa, Burj Al Arab and Palm Jumeirah. While Emaar has revealed the scale of the project, details related to construction timelines, project phases and funding structure have not yet been disclosed.
The latest announcement builds on Emaar's track record of launching large-scale integrated communities across Dubai. The developer is known globally for landmark projects such as Downtown Dubai and has also expanded developments including The Oasis, a luxury community that has seen significant growth since its initial launch.
The project comes at a time when Dubai's property sector continues to demonstrate resilience. The emirate recorded more than 270,000 real estate transactions in 2025, with total transaction values reaching approximately USD 249.7 billion, making it the strongest year on record for the market. Strong demand from international investors, end-users and high-net-worth individuals has continued to support sales across residential and luxury housing segments.
The announcement also follows a significant change in Emaar's shareholding structure. In the past month, Dubai Holding increased its ownership in Emaar to 29.73%, becoming the company's largest shareholder. The move strengthened institutional backing for one of Dubai's most influential developers as it pursues large-scale expansion plans.
Emaar has remained active across multiple residential, commercial, hospitality and mixed-use developments in Dubai. The company recently reported strong sales performance and a growing revenue backlog, reflecting sustained demand for its projects despite volatility in regional markets.
Source Reuters
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