New urban district to house 150,000 residents

Dubai developer Emaar Properties has announced plans for a massive $55 billion mixed-use development project that will accommodate approximately 150,000 residents.

The project will include residential towers, luxury villas, office spaces, retail centers, parks, and entertainment facilities spread across 4.5 million square meters. The new district is expected to become one of the largest urban developments in Dubai’s history.

The announcement reflects continued confidence in Dubai’s real estate market despite regional economic uncertainty. The emirate recorded more than $250 billion worth of property transactions in 2025, highlighting sustained demand from international investors and expatriates.

Source : Reuters.