Emaar has announced plans to launch new projects in Dubai this year
Emaar Properties PJSC plans to start and restart building two residential developments in Dubai, according to various media sources.
It is very much possible the developer to restart previously shelved projects. Back in 2009, Emaar reportedly put on hold 13 projects due to lack of investors’ interest. The property downturn had forced many developers to allow investors who have already paid deposits to transfer them to developments that progressed ahead as planned. Therefore, few of Emaar’s Downtown projects have been shelved, including: M-Burj, The Mansions, Burj Place, Grand Boulevard, 18 Boulevard, Burj Park and Claren Phase 2 projects.
However, in 2012, real estate market prospects look much brighter in Dubai. With the economy in a steady recovery mode, positive media reports have encouraged investors’ return to the city. Property consultants and real estate brokers share observations that Dubai’s real estate market is gradually recovering. Many developers already restarted construction works on shelved projects.
“As part of Emaar’s growth strategy, the company has announced plans to launch new projects in Dubai this year,” Emaar said in an e-mailed statement today.
There are various projects in the planning and conceptual stage that the company will make public once the details are made final, Emaar said in the statement.
![hope tax season treated you well! Just checking in—ready to refocus on growing your business? I remember how we discussed scaling your [specific aspect of their business, e.g., online presence] but paused due to time constraints. We now offer a streamlined 6-month plan that delivers real results without adding to your workload. Let me know if you'd like to chat—I’d love to help you pick up where we left off!](https://www.dubaichronicle.com/wp-content/uploads/2024/11/The-Square-5-218x150.jpg "The Square at Nad Al Sheba Gardens Now Open")
