Latest news with #DubaiCreekTower
Zawya
a day ago
- Business
- Zawya
Top summer picks: UAE's most promising investment hotspots for 2025
While the UAE's real estate market remains active year‑round — with transactions totalling over AED239 billion (approximately $65 billion) in Q1 2024 — summer is now shining a spotlight on a handful of strategic locations that have long-term value, vision, and seasonal appeal. From branded beachfront escapes to smart city zones on the rise, Whitewill unveils the top six destinations making waves with investors this summer. Dubai Creek Harbour Demand is rising for communities that combine prestige, proximity, and waterfront serenity, and Dubai Creek Harbour checks all those boxes. Known for its elegant skyline and seamless access to Downtown Dubai, it's a favourite for buyers seeking a premium lifestyle with investment upside. The star feature here is its master-planned waterfront living, enhanced by green spaces and direct views of the Dubai Creek Tower. Waterfront apartments start at AED 1.45M, while luxury villas exceed AED 5M. With rental yields of 6–6.8% and consistent appreciation, it balances luxury with long-term potential. Albero at Green Gate by AHAD — a development that is a low-rise sanctuary within a high-rise zone, offers landscaped privacy, smart layouts, and end-user appeal. Al Marjan Island, Ras Al Khaimah With more investors prioritising coastal living, Al Marjan Island is experiencing a surge in demand, especially with the upcoming Wynn Resort transforming the area into a hospitality hub. It has direct beachfront access and the rare opportunity to own a branded residence beside a future gaming and entertainment destination. Apartments begin at AED 585K, with ultra-luxury homes priced up to AED 30M+. Offering 8–9%+ rental yields and over 20% YoY appreciation in some pockets, this hotspot appeals to both short-term and capital-growth investors. SORA by AARK exemplifies the trend with hotel-style amenities, sea views, and curated interiors. Business Bay In a market where short-term rental returns drive demand, Business Bay continues to attract buyers looking for income-generating assets in the city centre. Its strongest draw is the fusion of location and luxury, with proximity to DIFC and Downtown Dubai, with Dubai Canal weaving its way through. Studios and 1–2BR apartments average AED 1.4M, delivering 6–7% yields and strong resale demand. Among standout offerings is the Waldorf Astoria Residences — a branded address that blends high-end services with everyday practicality, offering residents a globally recognised standard of living. Yas Island, Abu Dhabi Buyers this summer are eyeing Yas Island for its unique blend of leisure, family appeal, and short-stay rental potential. The island's standout quality lies in its lifestyle proposition, from theme parks and golf to marinas and cultural hotspots, all within a well-planned residential setting. Villas average AED 4.5M, with apartments priced between AED 1.2M and AED 3.8M. Yields sit at a steady 6.5–7%. For luxury seekers, Waldorf Astoria Yas Island offers waterfront tranquil and the backing of a premium hospitality brand, making it an attractive asset for both use and investment. Dubai South Investors are increasingly drawn to Dubai South for its affordability and alignment with the UAE's infrastructure vision. As a future-ready hub near the upcoming Al Maktoum Airport International Airport expansion, logistics hubs, and the Expo 2020 legacy infrastructure, its core appeal lies in early-mover advantage and the opportunity to ride the wave of long-term growth. There is a strong uptake in off-plan units starting at AED 800K, with a projected 15–25% value growth by 2030 and rental returns of 6–8%. Al Waha in Expo City exemplifies the area's appeal with a wellness-first, car-free community design in the city's innovation hub, tailored for a new generation of buyers. Jumeirah Village Circle (JVC) Affordable, accessible, and increasingly design-driven, JVC remains a go-to for buyers seeking strong yields without compromising on lifestyle. The area's main pull is its ability to deliver rental income and resident satisfaction in equal measure. Apartments begin at AED 650K and entry-level villas at AED 1.6M, offering 7–8.6% yields. The district's consistent rental demand makes it ideal for first-time investors. Havelock Heights by HMB delivers boutique living with rooftop amenities and great rental potential, offering design-led quality at accessible entry points. Final Thoughts Overall, the market is favouring projects that combine lifestyle, location, and financial upside. While each area is unique, Al Marjan Island and Dubai South hold exceptional long-term promise. The former is becoming the UAE's entertainment capital with hospitality-led growth, while the latter is powered by airport expansion, creating a foundation for sustained capital growth and end-user migration. Both represent early-stage opportunities in rapidly maturing ecosystems—a perfect fit for investors with vision. While Dubai Creek Harbour and Yas Island remain strong lifestyle markets, the real long-term multiplier effect will come from assets in these high-conviction, underpenetrated districts where supply is still limited and strategic government investment is ongoing.
The Irish Sun
10-06-2025
- Business
- The Irish Sun
World's tallest skyscraper that was set to dwarf Burj Khalifa before being left as an abandoned hole to FINALLY be built
A VAST tower in Dubai that was once planned to be the world's new tallest building could soon finally be built. The Dubai Creek Tower was once envisaged as a colossus that would even dwarf that city's famous Burj Khalifa. 6 A rendering of The Tower at Dubai Creek Credit: Emaar Properties 6 The tower would have dwarfed the Burj Khalifa Credit: Emaar Properties 6 Its original design would have seen it stand at a staggering 4,300ft tall - far higher than the Burj Khalifa (2,722ft). Announced in 2016 along with an eyewatering $1 billion investment, the massive observation tower was designed to echo the look of Islamic minarets. It was planned to be completed by 2020 - knocking the Burj Khalifa off its top spot as world's tallest structure. But the already delayed project ground to a halt during the COVID pandemic, leaving its future uncertain. read more in world news The construction site has sat abandoned for some time now, leaving a simple foundation pit where the world's new tallest tower was meant to stand. But after years of waiting, developer Emaar Properties is now set to breathe new life into the project. The company is shelling out $3.81 billion to develop the Dubai Creek Tower and its neighbouring mall, If completed as originally planned, the observation tower would boast a sky garden and 20 occupied floors with lavish hotels and restaurants. Most read in The US Sun However, there's a chance it might not challenge the Burj Khalifa's long-held title after all. The Dubai Creek Tower has undergone redesigns while work was on halt, according to the Economic Times. Dubai hotel with world's largest waterpark While no official blueprints have been made public yet, it is believed the redesign will see the tower's proposed height substantially reduced. Despite the promise of new life for the project, it is still unclear exactly when the Dubai Creek Tower will be completed. Dubai is nevertheless home to many of the world's tallest buildings. The Burj Khalifa was completed in 2009, beating Taiwan's Taipei 101 to the title of world's tallest building. It is now one of the most recognisable buildings in the world as Dubai's profile as a futuristic megacity continues to grow. Dubai's megaprojects Dubai has grown rapidly from humble roots into a vast futuristic city boasting some of the world's tallest buildings Here are some of the most ambitious projects the city has seen: Burj Khalifa The Burj Khalifa is now one of the world's most famous buildings, having been the planet's tallest structure since the late 2000s. More than 15 years later, it still holds that title. Standing at more than half a mile tall, it has more than 150 floors. Dubai Reefs Not content to only take the title of world's tallest building, Dubai also plans to host the world's largest artificial reef. The planned project would cover 200 square kilometres and feature more than 1 billion corals. It is intended to be both a major marine research hub and an ecotourism attraction. Ciel Dubai Marina Dubai also plans to have the world's tallest stand-alone hotel. This massive tower would feature a more than 1,000 rooms spread across 82 floors. Dubai Creek Tower Even successfully completing the world's tallest building wasn't enough to stop Dubai trying to break its own records. The Dubai Creek Tower would have been the world's tallest structure if completed as planned, dwarfing the Burj Khalifa. While it's unclear if it will still take the new record, it's another example of the scale of ambition shown by the city. The Dubai Creek Tower is not the only challenger to the Burj Khalifa to have hit setbacks in development. Saudi Arabia hopes to build the first kilometre high skyscraper with the Construction on this gargantuan structure ground to a halt after key figures connected to it were arrested in 2017 - with COVID only pushing it back further. It is now But Saudi Arabia is in a race to complete the first kilometre-high tower. Egypt is currently building a The staggeringly tall Oblisco Capitale is planned to sit right in the middle of the new city's central business district. 6 The Dubai Creek Tower has undergone redesigns while work was on halt Credit: Emaar Properties 6 Panoramic view of the Dubai skyline with Burj Khalifa Credit: Getty 6 Emaar Properties is now set to breathe new life into the project Credit: Emaar Properties
Scottish Sun
10-06-2025
- Business
- Scottish Sun
World's tallest skyscraper that was set to dwarf Burj Khalifa before being left as an abandoned hole to FINALLY be built
The massive observation tower was designed to echo the look of Islamic minarets TOWER OF POWER World's tallest skyscraper that was set to dwarf Burj Khalifa before being left as an abandoned hole to FINALLY be built Click to share on X/Twitter (Opens in new window) Click to share on Facebook (Opens in new window) A VAST tower in Dubai that was once planned to be the world's new tallest building could soon finally be built. The Dubai Creek Tower was once envisaged as a colossus that would even dwarf that city's famous Burj Khalifa. Sign up for Scottish Sun newsletter Sign up 6 A rendering of The Tower at Dubai Creek Credit: Emaar Properties 6 The tower would have dwarfed the Burj Khalifa Credit: Emaar Properties 6 Its original design would have seen it stand at a staggering 4,300ft tall - far higher than the Burj Khalifa (2,722ft). Announced in 2016 along with an eyewatering $1 billion investment, the massive observation tower was designed to echo the look of Islamic minarets. It was planned to be completed by 2020 - knocking the Burj Khalifa off its top spot as world's tallest structure. But the already delayed project ground to a halt during the COVID pandemic, leaving its future uncertain. The construction site has sat abandoned for some time now, leaving a simple foundation pit where the world's new tallest tower was meant to stand. But after years of waiting, developer Emaar Properties is now set to breathe new life into the project. The company is shelling out $3.81 billion to develop the Dubai Creek Tower and its neighbouring mall, Zawya has reported. If completed as originally planned, the observation tower would boast a sky garden and 20 occupied floors with lavish hotels and restaurants. However, there's a chance it might not challenge the Burj Khalifa's long-held title after all. The Dubai Creek Tower has undergone redesigns while work was on halt, according to the Economic Times. Dubai hotel with world's largest waterpark While no official blueprints have been made public yet, it is believed the redesign will see the tower's proposed height substantially reduced. Despite the promise of new life for the project, it is still unclear exactly when the Dubai Creek Tower will be completed. Dubai is nevertheless home to many of the world's tallest buildings. The Burj Khalifa was completed in 2009, beating Taiwan's Taipei 101 to the title of world's tallest building. It is now one of the most recognisable buildings in the world as Dubai's profile as a futuristic megacity continues to grow. Dubai's megaprojects Dubai has grown rapidly from humble roots into a vast futuristic city boasting some of the world's tallest buildings Here are some of the most ambitious projects the city has seen: Burj Khalifa The Burj Khalifa is now one of the world's most famous buildings, having been the planet's tallest structure since the late 2000s. More than 15 years later, it still holds that title. Standing at more than half a mile tall, it has more than 150 floors. Dubai Reefs Not content to only take the title of world's tallest building, Dubai also plans to host the world's largest artificial reef. The planned project would cover 200 square kilometres and feature more than 1 billion corals. It is intended to be both a major marine research hub and an ecotourism attraction. Ciel Dubai Marina Dubai also plans to have the world's tallest stand-alone hotel. This massive tower would feature a more than 1,000 rooms spread across 82 floors. Dubai Creek Tower Even successfully completing the world's tallest building wasn't enough to stop Dubai trying to break its own records. The Dubai Creek Tower would have been the world's tallest structure if completed as planned, dwarfing the Burj Khalifa. While it's unclear if it will still take the new record, it's another example of the scale of ambition shown by the city. The Dubai Creek Tower is not the only challenger to the Burj Khalifa to have hit setbacks in development. Saudi Arabia hopes to build the first kilometre high skyscraper with the long-delayed Jeddah Tower. Construction on this gargantuan structure ground to a halt after key figures connected to it were arrested in 2017 - with COVID only pushing it back further. It is now planned to be completed by the end of the decade. But Saudi Arabia is in a race to complete the first kilometre-high tower. Egypt is currently building a new capital city outside of Cairo, with a tower of the same size planned as its centrepiece. The staggeringly tall Oblisco Capitale is planned to sit right in the middle of the new city's central business district. 6 The Dubai Creek Tower has undergone redesigns while work was on halt Credit: Emaar Properties 6 Panoramic view of the Dubai skyline with Burj Khalifa Credit: Getty
The Sun
10-06-2025
- Business
- The Sun
World's tallest skyscraper that was set to dwarf Burj Khalifa before being left as an abandoned hole to FINALLY be built
A VAST tower in Dubai that was once planned to be the world's new tallest building could soon finally be built. The Dubai Creek Tower was once envisaged as a colossus that would even dwarf that city's famous Burj Khalifa. 6 6 6 Its original design would have seen it stand at a staggering 4,300ft tall - far higher than the Burj Khalifa (2,722ft). Announced in 2016 along with an eyewatering $1 billion investment, the massive observation tower was designed to echo the look of Islamic minarets. It was planned to be completed by 2020 - knocking the Burj Khalifa off its top spot as world's tallest structure. But the already delayed project ground to a halt during the COVID pandemic, leaving its future uncertain. The construction site has sat abandoned for some time now, leaving a simple foundation pit where the world's new tallest tower was meant to stand. But after years of waiting, developer Emaar Properties is now set to breathe new life into the project. The company is shelling out $3.81 billion to develop the Dubai Creek Tower and its neighbouring mall, Zawya has reported. If completed as originally planned, the observation tower would boast a sky garden and 20 occupied floors with lavish hotels and restaurants. However, there's a chance it might not challenge the Burj Khalifa's long-held title after all. The Dubai Creek Tower has undergone redesigns while work was on halt, according to the Economic Times. While no official blueprints have been made public yet, it is believed the redesign will see the tower's proposed height substantially reduced. Despite the promise of new life for the project, it is still unclear exactly when the Dubai Creek Tower will be completed. Dubai is nevertheless home to many of the world's tallest buildings. The Burj Khalifa was completed in 2009, beating Taiwan's Taipei 101 to the title of world's tallest building. It is now one of the most recognisable buildings in the world as Dubai's profile as a futuristic megacity continues to grow. Dubai's megaprojects Dubai has grown rapidly from humble roots into a vast futuristic city boasting some of the world's tallest buildings Here are some of the most ambitious projects the city has seen: Burj Khalifa The Burj Khalifa is now one of the world's most famous buildings, having been the planet's tallest structure since the late 2000s. More than 15 years later, it still holds that title. Standing at more than half a mile tall, it has more than 150 floors. Dubai Reefs Not content to only take the title of world's tallest building, Dubai also plans to host the world's largest artificial reef. The planned project would cover 200 square kilometres and feature more than 1 billion corals. It is intended to be both a major marine research hub and an ecotourism attraction. Ciel Dubai Marina Dubai also plans to have the world's tallest stand-alone hotel. This massive tower would feature a more than 1,000 rooms spread across 82 floors. Dubai Creek Tower Even successfully completing the world's tallest building wasn't enough to stop Dubai trying to break its own records. The Dubai Creek Tower would have been the world's tallest structure if completed as planned, dwarfing the Burj Khalifa. While it's unclear if it will still take the new record, it's another example of the scale of ambition shown by the city. The Dubai Creek Tower is not the only challenger to the Burj Khalifa to have hit setbacks in development. Saudi Arabia hopes to build the first kilometre high skyscraper with the long-delayed Jeddah Tower. Construction on this gargantuan structure ground to a halt after key figures connected to it were arrested in 2017 - with COVID only pushing it back further. It is now planned to be completed by the end of the decade. But Saudi Arabia is in a race to complete the first kilometre-high tower. Egypt is currently building a new capital city outside of Cairo, with a tower of the same size planned as its centrepiece. The staggeringly tall Oblisco Capitale is planned to sit right in the middle of the new city's central business district. 6 6 6
Time of India
08-06-2025
- Business
- Time of India
Is Dubai's Burj Khalifa about to lose its crown? Abandoned skyscraper's comeback could reshape the skyline
Dubai, a city where the skyline never sleeps and architectural ambition knows no bounds, might soon witness a monumental reshuffle in its race to the heavens. For years, the towering Burj Khalifa—standing at a dizzying 830 metres—has reigned supreme as the tallest structure on Earth, symbolizing Dubai's glittering promise of wealth, imagination, and engineering marvel. But lurking in the shadows is a long-forgotten, billion-dollar contender that once aimed to shatter every record. — XTravelMyWay (@XTravelMyWay) The Rise, Fall, and Possible Rise Again of Dubai Creek Tower First unveiled in 2016 with grandiose ambition and a jaw-dropping $1 billion investment, the Dubai Creek Tower was not just another high-rise. Designed by famed Spanish-Swiss architect Santiago Calatrava, the structure was envisioned as a 1,300-metre-high masterpiece inspired by Islamic minarets. It was to be the crown jewel of Dubai Creek Harbour—a new-age marvel with sky gardens, 10 observation decks, and a luxury hotel perched among the clouds. It promised an experience higher, grander, and more futuristic than anything the Burj Khalifa offered. With its striking silhouette and poetic architectural intent, it was heralded as the future of Dubai's vertical dream. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Canada is looking for skilled immigrants - New job opportunities are waiting for you! Canada Immigration Express Apply Now But by 2018, the dream began to crumble. Progress halted. The pandemic only deepened the silence around the project. By early 2019, even the construction staging areas lay abandoned—just a massive foundation pit in the desert where greatness once aimed to grow. New Hope in a Changed Vision Fast forward to 2024, and Emaar Properties—the developers behind the tower and the Burj Khalifa—have announced plans to revisit the dormant giant. This time, however, there's a twist. The redesign reportedly scales down the height, meaning the revised tower may no longer aim to surpass the Burj Khalifa. Official blueprints have not been made public yet, and while there's talk of renewed ambition, physical construction remains absent. In essence, the tower is alive on paper—but still asleep in reality. You Might Also Like: Trump Organization plans skyscraper development in Ho Chi Minh City as Eric Trump visits Vietnam The question now gripping architecture buffs and Dubai-watchers alike: will it ever rise to challenge its older sibling, or will it remain a mirage in the city's ambitious skyline? While the Dubai Creek Tower remains in limbo, the wider Dubai Creek Harbour project has quietly made progress. Residential blocks now line the banks of the historic 14-kilometre waterway, and public infrastructure has begun transforming the area into a modern urban oasis. But without its signature skyscraper, the heart of the development still beats with a question mark. A Battle of Icons or a Legacy Left Behind? Dubai has always sold dreams in steel and glass, and its skyline is a testament to that. Whether or not Dubai Creek Tower rises from the ashes of abandonment, its story speaks volumes about the city's relentless pursuit of architectural immortality—and the high stakes that come with it. For now, the Burj Khalifa remains unchallenged. But in a city where anything is possible, even a sleeping titan may awaken. You Might Also Like: Digital detox tourism trend: Why travelers are now paying to have their phones taken away?
