According to Trade Arabia and other news sources, Dubai Holding Asset Management (DHAM) plans to enhance 15 residential assets this year. This will provide a strong boost to Dubai's real estate market given DHAM's role as a strong contributor to Dubai's business and tourism sectors.
GROWING ATTRACTION OF DUBAI
Dubai's economic strength, quality of life, and healthy cross-sector activity are enticing more people to call the city home. In the past year, between July 2022 and July 2023, the population has grown by almost 100,000, resulting in high demand in Dubai's property market.
ADVANCING DUBAI'S URBAN MASTER PLAN
DHAM's enhancements include EV charging stations and new sports courts. These efforts align with Dubai's 2040 Urban Master Plan, focusing on sustainable urban development and improved living standards for residents.
EV CHARGING STATIONS FOR A SUSTAINABLE FUTURE
DHAM is collaborating with Dubai Electricity & Water Authority (DEWA) to install EV charging stations across its residential properties. The first charging stations will be in the Ghoroob community in Mirdif. This move supports the rising demand for electric vehicles in the UAE and aligns with the country's 'Year of Sustainability in 2023.
PROMOTING HEALTH AND WELLNESS
DHAM aims to provide excellent sports facilities. Al Khail Gate, for example, is adding a tennis court to its existing basketball, football, and volleyball courts. Sports courts and play areas in various communities like Shorooq, Ghoroob, Remraam, Layan, and Al Khail Gate are being refurbished to meet the demand for physical activity. So, these efforts are making a difference towards the global trend of prioritising our health and wellness.
ENHANCING GREEN SPACES
DHAM is also focusing on improving green spaces in line with Dubai's 2040 mandate to double the area of green and recreational spaces. So, communities like Shorooq, Ghoroob, Nuzul, Layan, Al Khail Gate, and Dubai Wharf will experience enhancements in common green spaces and landscaping. The goal here is to connect residents with nature and provide peaceful spaces close to home.
STRENGTHENING SAFETY AND SECURITY
Dubai's reputation as a safe city is being fortified by DHAM. Upgrades include enhanced firefighting installations, improved CCTV coverage, and upgraded street lighting for better visibility.
DHAM's enhancement program also includes infrastructure and beautification projects. So, car parks, common areas, and roadways will undergo refurbishment to enhance connectivity and comfort.
DHAM'S DIVERSE RESIDENTIAL OFFERINGS
DHAM has an extensive real estate portfolio in Dubai. The company offers a range of housing options, from studio apartments to luxury villas, catering to over 100,000 residents. Notable assets include Layan, Dubai Wharf, Manazel Al Khor, City Walk, and Bluewaters. Family communities like Ghoroob Square, Ghoroob, Shorooq, Bayti Villas, and Remraam are also part of their portfolio. DHAM's value community, Al Khail Gate, along with staff accommodations at Prospect Heights and labour camps at Nuzul and Al Quoz, contribute to their diverse offerings.
Given the size of DHAM's portfolio, these enhancements for 2023 are even more significant. By enhancing 15 residential assets, DHAM is improving the living experience for its residents. Yet the company is also contributing to the appeal of Dubai's residential real estate market as a whole. These enhancements set a high standard for sustainability, safety, recreation, and community living, which can influence the broader real estate landscape in Dubai.