According to BNC Newport, a number of new landmark projects and skyscrapers worth $18.85 billion are curretnly under way in the UAE.
As per the report, the majority of the projects are being built in Dubai, that accounts for $15.62 billion of the projects.
Most of these projects – from hospitality, retail and entertainment - are either in the construction or tender phase, which will come up between March 2020 to December 2022.
The projects include: Dubai Exhibition City (Expo Village); Meydan One Mall, Royal Atlantis Resort and Residence; Reem Mall, Uptown Tower; Maryah Plaza; ICD Brookfield Place; Dubai Creek Tower; Guggenheim Abu Dhabi; Dubai Eye; Museum of the Future; and Al Qana.
Presently, there are 400 urban construction projects valued at more than $100 million each in tender or under construction stage across the UAE with a total value of over $107 billion.
Source: Trade Arabia
Fulya Altunyay/fulyaaltunyay@realestatecoulisse.com