Dubai developers have started actively taking up new lands seeking for new gains. While during the entire second half of the last year and the part of the 2016 some over cautious developers preferred to take a wait-and-see strategy holding up their plans for the future, now it seems they are trying to keep up with the others and join in a new stream of development launches.
This is the case with Corporate Services developer, who has developed a part of a large-scale mixed-use master plan in Jumeirah Golf Estates, where it owns 1,119 hectares of land. At the moment only two of the planned four project’s phases with two golf courses are already built. These are Fire and Earth, although initially the concept included all four ‘nature elements’.
“We have the Metro connection announcement that would link JGE and 2020 is also close on the horizon,” said Abdul Aziz Bukhatir, Executive Director of Corporate Services. “The start of this year was a bit slow and we had taken a cautious approach on new launches. What we did was adjust ourselves with the pace of the market.
“But you see the expansion of New Dubai taking place all round and we will soon have to start coming up with new development plans. There are lots of developers actively buying up land in the neighbouring areas. Others like Nshama and Dubai Properties are building big chunks.
“But JGE has an advantage over all others is that we don’t need to buy up any new land ... we already have a huge piece that can be developed.”
Back in 2012 the development was totally uninhabited, yet now more than 700 families live here in townhouses and apartment blocks. Thus, the developers’ politics will be more resident-oriented, and more attention will be put to resolving infrastructure issues and creating a comfortable space for living. Besides, JGE is a golf-oriented community, and initially it was planned to build four golf courses with 72 holes in total, but now the developer is about to review the plan.
It is not yet decided also, whether hospitality component will be developed, and to what extent, but for commercial property development JGE has brought in third-party investors to take up one of the components available. A similar deal could also be struck on another chunk in one of the mini clusters making up Phase A. Now it is obvious that Dubai’s periphery is being developed as actively as the center, which promises the city rapid development and expansion in the short term.