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Dubai Islands, previously called Deira Islands, is the long-awaited development by Nakheel, which is in line with the Dubai 2040 Urban Master Plan. The area will consist of 5 islands called Central Island, Shore Island, Golf Island, Marina Island and Elite Island, spanning across more than 182 million sq. ft. Central Island, which is the first of the islands, will become an exciting entertainment hub thanks to a theme park & water park, a beach club hotspot, a watersports hub and a surfing park. In addition, by the end of 2025, it is expected to have up to 20,000 new hotel rooms. This island plans to house 30,000 mid and high-density apartments, surrounded by open spaces, clubhouses and retail spaces. In total, Dubai Islands will house 9 marinas with a 1,300-berth capacity, 87 resorts and hotels, nearly 69,000 sq. ft of pristine beaches, as well as 38,000 residential homes. That being said, Nakheel now offers a unique opportunity to invest in land plots for the construction of buildings in 3 types: hotel, mixed-use (residential+retail) and residential (apartment). The area of the plots available for purchase range from 25,337 sq. ft to 60,302 sq. ft, while the BUA measures from 63,344 sq. ft to 220,103 sq. ft. In terms of the height types, these are as follows:
Hotel: G+13
Mixed-use: G+2P+10; G+P+8
Residential: G+P+6; G+P+8; G+2P+10; G+2P+14
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At the same time, the following attractions are already open on Dubai Islands:
Offering hassle-free commutes to/from the emirate’s mainland, Dubai Islands will have the ‘Infinity Bridge’, according to the master plan. Since the envisioned development is under construction, there are no options to use any public transport links yet. That being said, the destinations found below can be reached within a 25-minute drive:
Dubai International Airport
Dubai Hospital
GEMS Legacy School
Etihad Museum
Al Wasl University
In line with Dubai 2040 Urban Master Plan, Dubai Islands will further boost the emirate’s position as a global location of choice for investors, visitors and occupants, thanks to its unique offerings on each island, including cultural hubs and recreational sport beaches, as well as luxury resorts. There will be more than 65,000 ft of beaches, encompassing a Blue-Flag certified beach, in addition to golf courses, parks and open spaces. At the same time, a network of marinas, pathways for road and water links, walking and biking areas will support the Dubai 2040 Urban Master Plan in creating healthy and active communities. As well as all that, the 5-island development will be home to mosques, schools and hospitals, among other community facilities. Taking all the previously-mentioned information into account, it is safe to say that Dubai Islands will be popular among potential homebuyers and tenants for permanent living, as well as for tourists who are looking for short-term accommodation, ensuring a consistent cash flow. As per the latest visa changes, which will come into effect on the 3rd of October, 2022, real estate acquisition priced from AED 2,000,000 (USD 545,000) provides its owner with the possibility of applying for a 10-year Golden Visa. This applies both to secondary and off-plan properties, which can easily be mortgaged if needed.
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