{"id":104140,"date":"2025-05-29T00:00:00","date_gmt":"2025-05-29T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/uae\/dubai-is-getting-more-real-estate-megaprojects\/"},"modified":"2025-05-29T00:00:00","modified_gmt":"2025-05-29T00:00:00","slug":"dubai-is-getting-more-real-estate-megaprojects","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/uae\/2025\/05\/29\/dubai-is-getting-more-real-estate-megaprojects\/","title":{"rendered":"Dubai is getting more real estate megaprojects"},"content":{"rendered":"

Two AED 20 bn+ real estate megaprojects are in the pipeline for Dubai<\/strong>, with local developers MAG and Binghatti planning new master-planned communities worth a combined AED 47 bn \u2014 one of them backed by Chinese state-owned giant CITIC.<\/p>\n

#1- <\/strong>MAG<\/strong>, CITIC to co-develop AED 22 bn luxury community in Al Rowaiyah First: <\/strong>China\u2019s state-owned engineering, procurement, and construction conglomerate CITIC is making its foray into Dubai real estate through a joint venture with Dubai-based developer MAG Group. The two companies will co-develop Keturah Ardh, an AED 22 bn (USD 6 bn) residential project in Dubai\u2019s Al Rowaiyah First District, according to a <\/span>statement<\/a> picked up by <\/span>Bloomberg<\/a>.<\/span><\/p>\n

Project overview: <\/strong>The 18.5 mn sq ft master-planned community will be anchored by the Keturah Ardh Couture Art brand and will feature large villa plots ranging from 50k to 200k sq ft. It will also include low-rise towers, offices, retail space, a school, and an AI-focused university.<\/p>\n

Development timeline: <\/strong>Infrastructure works and site mobilization are scheduled to begin between 2Q and 3Q 2025, with MAG set to launch plot sales in 2Q. Phase one is set to launch in 4Q 2025, followed by phase two in 1Q 2026. Further phases will roll out until 2027, and the project will be completed within two to seven years. The project has secured all the necessary no-objection certificates, the statement reads.<\/p>\n

Financing: <\/strong>CITIC is expected to contribute a portion of the construction financing for the project, Bloomberg reported, citing statements from senior executive vice chairman Talal Al Ghaddah. The Chinese state-owned conglomerate, one of the world\u2019s largest engineering, procurement, and construction contractors, manages over USD 1.7 tn in assets and operates in more than 160 countries.<\/p>\n

Another notch in MAG\u2019s USD 17 bn belt: <\/strong>For MAG, the project adds to a growing pipeline it values at USD 17 bn. The group is also planning to launch<\/a> its largest development to date \u2014 an 18 mn sq ft integrated city near Dubai Silicon Oasis and Academic City \u2014 with an estimated sales value of up to AED 50 bn. MAG is simultaneously ramping up its push into tokenized real estate, recently signing a USD 3 bn agreement<\/a> with MultiBank Group and blockchain firm Mavryk to list inventory on a regulated digital assets marketplace. This comes on the heels of a separate USD 500 mn tokenization partnership with Mantra<\/a>, starting with a Dubai residential project.<\/p>\n

Next steps:<\/strong> The developers are looking to onboard global designers, fashion houses, and architects for the project. <\/p>\n

IN OTHER REAL ESTATE NEWS-<\/p>\n

Binghatti <\/strong>plans AED 25 bn community in Meydan: <\/strong>Dubai-based developer Binghatti Holding has acquired freehold land in Nad Al Sheba 1, part of Dubai\u2019s Meydan district, to develop its first master-planned residential community, Zawya<\/a> reports, citing a company statement. The project will cover over 8 mn sq ft of gross floor area and is valued at more than AED 25 bn (USD 6.8 bn). The cost of the acquisition, which was self-financed, has not been disclosed.<\/p>\n

More in the pipeline: <\/strong>Binghatti currently has almost 30 projects underway, which will offer up a total of 20k units, including the AED 5 bn Binghatti Skyrise<\/a> in Business Bay, an AED 4 bn project<\/a> in Al Jaddaf, and an AED 600 mn residential project<\/a> in Jumeirah Village Circle. The company is also exploring real estate tokenization<\/a>, with plans to enable investors to enter the market with as little as AED 500.<\/p>\n","protected":false},"excerpt":{"rendered":"

MAG will work with China\u2019s CITIC on a AED 22 bn project, whilst Binghatti is planning an AED 25 bn development<\/p>\n","protected":false},"author":1,"featured_media":104141,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1565],"tags":[920,87,7,2330,98],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-104140","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-real-estate","tag-binghatti","tag-dubai","tag-enterpriseam-uae","tag-mag","tag-real-estate","wpautop","entry"],"acf":{"mongo_id":"0c890ca3-0425-4b97-bcf7-c1c1bddb2f09","order":"8","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/7\/258.jpg","photo_position":"above","homepage_title":"","full_issue_title":"China\u2019s CITIC makes foray into Dubai\u2019s property market with AED 22 bn luxury community + Binghatti eyes Meydan project","related_issue":[104126],"teaser":"MAG will work with China\u2019s CITIC on a AED 22 bn project, whilst Binghatti is planning an AED 25 bn development","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/5\/.1ecfc3c3-6a15-4d9f-b619-44436bca4b2b.mp3"},"yoast_head":"\nDubai is getting more real estate megaprojects - UAE<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/uae\/2025\/05\/29\/dubai-is-getting-more-real-estate-megaprojects\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Dubai is getting more real estate megaprojects\" \/>\n<meta property=\"og:description\" content=\"MAG will work with China\u2019s CITIC on a AED 22 bn project, whilst Binghatti is planning an AED 25 bn development\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/uae\/2025\/05\/29\/dubai-is-getting-more-real-estate-megaprojects\/\" \/>\n<meta property=\"og:site_name\" content=\"UAE\" \/>\n<meta property=\"article:published_time\" content=\"2025-05-29T00:00:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2024\/7\/258.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/2025\/05\/29\/dubai-is-getting-more-real-estate-megaprojects\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/2025\/05\/29\/dubai-is-getting-more-real-estate-megaprojects\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Dubai is getting more real estate megaprojects\",\"datePublished\":\"2025-05-29T00:00:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/2025\/05\/29\/dubai-is-getting-more-real-estate-megaprojects\/\"},\"wordCount\":549,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/2025\/05\/29\/dubai-is-getting-more-real-estate-megaprojects\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/7\/258.jpg?fit=%2C&ssl=1\",\"keywords\":[\"Binghatti\",\"Dubai\",\"EnterpriseAM UAE\",\"MAG\",\"Real estate\"],\"articleSection\":[\"REAL ESTATE\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/2025\/05\/29\/dubai-is-getting-more-real-estate-megaprojects\/\",\"url\":\"https:\/\/enterpriseam.com\/uae\/2025\/05\/29\/dubai-is-getting-more-real-estate-megaprojects\/\",\"name\":\"Dubai is getting more real estate megaprojects - UAE\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/2025\/05\/29\/dubai-is-getting-more-real-estate-megaprojects\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/2025\/05\/29\/dubai-is-getting-more-real-estate-megaprojects\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/7\/258.jpg?fit=%2C&ssl=1\",\"datePublished\":\"2025-05-29T00:00:00+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/2025\/05\/29\/dubai-is-getting-more-real-estate-megaprojects\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/uae\/2025\/05\/29\/dubai-is-getting-more-real-estate-megaprojects\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/2025\/05\/29\/dubai-is-getting-more-real-estate-megaprojects\/#primaryimage\",\"url\":\"https:\/\/i0.wp.com\/ent.news\/2024\/7\/258.jpg?fit=%2C&ssl=1\",\"contentUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/7\/258.jpg?fit=%2C&ssl=1\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/2025\/05\/29\/dubai-is-getting-more-real-estate-megaprojects\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/uae\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Dubai is getting more real estate megaprojects\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/#website\",\"url\":\"https:\/\/enterpriseam.com\/uae\/\",\"name\":\"UAE\",\"description\":\"The State of the Nation\",\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/enterpriseam.com\/uae\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/#organization\",\"name\":\"UAE\",\"url\":\"https:\/\/enterpriseam.com\/uae\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ent.news\/internal\/42998.svg\",\"contentUrl\":\"https:\/\/ent.news\/internal\/42998.svg\",\"caption\":\"UAE\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\",\"name\":\"enterpriseam admin\",\"sameAs\":[\"http:\/\/enterpriseam.testing.projectsarea.com\"],\"url\":\"https:\/\/enterpriseam.com\/uae\/author\/enterpriseam\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Dubai is getting more real estate megaprojects - UAE","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/uae\/2025\/05\/29\/dubai-is-getting-more-real-estate-megaprojects\/","og_locale":"en_US","og_type":"article","og_title":"Dubai is getting more real estate megaprojects","og_description":"MAG will work with China\u2019s CITIC on a AED 22 bn project, whilst Binghatti is planning an AED 25 bn development","og_url":"https:\/\/enterpriseam.com\/uae\/2025\/05\/29\/dubai-is-getting-more-real-estate-megaprojects\/","og_site_name":"UAE","article_published_time":"2025-05-29T00:00:00+00:00","og_image":[{"url":"https:\/\/i0.wp.com\/ent.news\/2024\/7\/258.jpg?fit=%2C&ssl=1","type":"","width":"","height":""}],"author":"enterpriseam admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"enterpriseam admin","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/enterpriseam.com\/uae\/2025\/05\/29\/dubai-is-getting-more-real-estate-megaprojects\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/uae\/2025\/05\/29\/dubai-is-getting-more-real-estate-megaprojects\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/uae\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"Dubai is getting more real estate megaprojects","datePublished":"2025-05-29T00:00:00+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/uae\/2025\/05\/29\/dubai-is-getting-more-real-estate-megaprojects\/"},"wordCount":549,"publisher":{"@id":"https:\/\/enterpriseam.com\/uae\/#organization"},"image":{"@id":"https:\/\/enterpriseam.com\/uae\/2025\/05\/29\/dubai-is-getting-more-real-estate-megaprojects\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2024\/7\/258.jpg?fit=%2C&ssl=1","keywords":["Binghatti","Dubai","EnterpriseAM UAE","MAG","Real estate"],"articleSection":["REAL ESTATE"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/uae\/2025\/05\/29\/dubai-is-getting-more-real-estate-megaprojects\/","url":"https:\/\/enterpriseam.com\/uae\/2025\/05\/29\/dubai-is-getting-more-real-estate-megaprojects\/","name":"Dubai is getting more real estate megaprojects - UAE","isPartOf":{"@id":"https:\/\/enterpriseam.com\/uae\/#website"},"primaryImageOfPage":{"@id":"https:\/\/enterpriseam.com\/uae\/2025\/05\/29\/dubai-is-getting-more-real-estate-megaprojects\/#primaryimage"},"image":{"@id":"https:\/\/enterpriseam.com\/uae\/2025\/05\/29\/dubai-is-getting-more-real-estate-megaprojects\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2024\/7\/258.jpg?fit=%2C&ssl=1","datePublished":"2025-05-29T00:00:00+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/uae\/2025\/05\/29\/dubai-is-getting-more-real-estate-megaprojects\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/uae\/2025\/05\/29\/dubai-is-getting-more-real-estate-megaprojects\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/uae\/2025\/05\/29\/dubai-is-getting-more-real-estate-megaprojects\/#primaryimage","url":"https:\/\/i0.wp.com\/ent.news\/2024\/7\/258.jpg?fit=%2C&ssl=1","contentUrl":"https:\/\/i0.wp.com\/ent.news\/2024\/7\/258.jpg?fit=%2C&ssl=1"},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/uae\/2025\/05\/29\/dubai-is-getting-more-real-estate-megaprojects\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/uae\/"},{"@type":"ListItem","position":2,"name":"Dubai is getting more real estate megaprojects"}]},{"@type":"WebSite","@id":"https:\/\/enterpriseam.com\/uae\/#website","url":"https:\/\/enterpriseam.com\/uae\/","name":"UAE","description":"The State of the Nation","publisher":{"@id":"https:\/\/enterpriseam.com\/uae\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/enterpriseam.com\/uae\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/enterpriseam.com\/uae\/#organization","name":"UAE","url":"https:\/\/enterpriseam.com\/uae\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/uae\/#\/schema\/logo\/image\/","url":"https:\/\/ent.news\/internal\/42998.svg","contentUrl":"https:\/\/ent.news\/internal\/42998.svg","caption":"UAE"},"image":{"@id":"https:\/\/enterpriseam.com\/uae\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/enterpriseam.com\/uae\/#\/schema\/person\/ca597032db7e4db868359c123cec256d","name":"enterpriseam admin","sameAs":["http:\/\/enterpriseam.testing.projectsarea.com"],"url":"https:\/\/enterpriseam.com\/uae\/author\/enterpriseam\/"}]}},"featured_image_src":"https:\/\/i0.wp.com\/ent.news\/2024\/7\/258.jpg?resize=600%2C400&ssl=1","featured_image_src_square":"https:\/\/i0.wp.com\/ent.news\/2024\/7\/258.jpg?resize=600%2C600&ssl=1","author_info":{"display_name":"enterpriseam admin","author_link":"https:\/\/enterpriseam.com\/uae\/author\/enterpriseam\/"},"jetpack_featured_media_url":"https:\/\/i0.wp.com\/ent.news\/2024\/7\/258.jpg?fit=%2C&ssl=1","jetpack_sharing_enabled":true,"jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/posts\/104140","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/comments?post=104140"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/posts\/104140\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/issue\/104126"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/media\/104141"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/media?parent=104140"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/categories?post=104140"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/tags?post=104140"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/brand?post=104140"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=104140"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}