What you need to know about Emaar’s expansion plans for The Oasis

Image credit: Emaar

Emaar Properties has revealed an ambitious plan to expand the development of its latest flagship project – The Oasis by Emaar.

The luxury residential development in Dubai, unveiled in 2023, is set to be doubled in size. Emaar in its release, explained that The Oasis would see a staggering 108 per cent increase in size. This expansion hence increases the total development value from Dhs34bn to Dhs73bn.

Originally conceived as one of Dubai’s largest and most upscale residences, The Oasis by Emaar aims to set new standards in luxury living. The developer said that The Oasis boasts exceptional architectural design and interiors crafted by renowned global talents, and has already garnered acclaim for its blend of luxury, sustainability, biophilic design and sophistication.

Mohamed Alabbar, founder of Emaar Properties, expressed his enthusiasm for the project, stating, “With The Oasis’ expansion, this extraordinary development is not only growing in size but also in vision. The Dhs73bn investment underscores Emaar’s commitment to creating living spaces that seamlessly integrate luxury and sustainability.”

The Oasis by Emaar

The development was initially planned for 7,000 residential units focusing on large mansions and villas with spacious plots, providing residents with stunning views of water canals, lakes, and parks.

The Oasis will epitomise a resort-style lifestyle, with 25 per cent of its land dedicated to recreational areas such as lakes, water canals, parks, jogging tracks, green spaces, and various luxury amenities, as per its development plans. The expansive green spaces are designed to foster a vibrant community-centric atmosphere conducive to an active and healthy lifestyle, added Emaar Properties.

The statement noted, in line with Emaar’s ethos of sustainable luxury living, the expanded project will offer residents an immersive experience in a lush, eco-friendly environment.

The emphasis on spacious mansions and villas against the backdrop of water canals, lakes, and parks aims to redefine the standard of upscale living while promoting environmental consciousness.

Strategically located within Dubai, The Oasis offers residents close proximity to four international golf courses, catering to golf enthusiasts. Moreover, its convenient location, just a 20-minute drive from downtown Dubai, ensures easy access to the city’s bustling attractions.

Emaar Properties

Emaar Properties, listed on the Dubai Financial Market, has become a global name with flagship projects such as Burj Khalifa, Dubai Mall, and Arabian Ranches as well as its presence across the GCC.

With a vast land bank exceeding 1.7 billion square feet in the UAE and key international markets, Emaar has established itself as one of the world’s largest real estate companies.

Having delivered approximately 108,000 residential units since 2002, Emaar boasts strong recurring revenue-generating assets, including leasing revenue-generating properties and a portfolio of 34 hotels and resorts.

Dubai’s real estate

To put the expansion plans into context, Dubai’s real estate sector has had a strong rebound after the pandemic slump. 2023 marked the best year for the emirate with 166,000 real estate deals worth Dhs634bn. This represents a remarkable double-digit growth of 16.9 per cent compared to 2022.

Developers – old and new – have announced a slew of projects to keep pace with the current demand.