For a total of Dh96 billion, Dubai master developer Emaar plans to build The Heights Country Club and Grand Club Resort (next to its recently opened The Oasis) as two new destinations in the city. As in previous launches, villas and townhouses comprise a substantial number’, with the emphasis being on luxury and above.
Adding to its Dubai projects makes sense for Emaar, which saw significant gains in its 2023 financial results. This is during a period of off-plan launches in the market, including flagship projects like the redesigned Palm Jebel Ali and Dubai Islands (formerly Deira Islands).
The Heights Country Club is estimated to have cost Dh55 billion to construct, spanning 81 million square feet. The Grand Club Resort, which is anticipated to cost Dh41 billion and spans over 60 million square feet, places a strong emphasis on wellness amenities. “The resort is meticulously designed to house world-class wellness facilities, offering an unparalleled experience in luxury hospitality,” said a statement.
“Emaar is not just contributing to Dubai’s progress; we are leading the way, creating exclusive lifestyle destinations with unprecedented amenities that set new global standards,” said Mohamed Alabbar, Chairman.
The holding company, Emaar Properties, has seen a 47% increase in stock price over the past 12 months, while Emaar Development, the company in charge of the Dubai projects, has seen its stock rise by 45%. Using the now-established Dubai Hills Estate, the developer had previously introduced The Beachfront, The Valley, and The Oasis.
One of Dubai’s growing neighborhoods, Al Yalayis, is where the Heights Country Club will be situated. The Grand Club project is located next to Sheikh Zayed Bin Hamdan Al Nahyan Street, next to the developer’s ongoing Oasis project. In the end, The Oasis will have more than 7,000 residential units.
