Emaar Properties has announced plans for one of its most ambitious projects to date — a AED 200 billion ($55 billion) master-planned urban district in the heart of Dubai. Spanning over 4.5 million square metres, the development is designed to accommodate nearly 150,000 residents across landmark residential towers, luxury villas and mansions, Grade-A offices, world-class retail, hospitality and cultural amenities.
The project will feature stunning views of Burj Khalifa, Burj Al Arab and Palm Jumeirah, structured around a “20-minute city” concept with five distinct character zones, parks, swimmable lagoons, smart mobility, metro links and advanced technology. It underscores Dubai’s strong real estate momentum and long-term growth confidence following recent regional developments. The full unveiling is imminent. (Based on Emaar’s official announcement, Reuters, Gulf News and other reports from June 11, 2026.)
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The UAE’s Emaar Properties announced a development project in Dubai worth $55 billion on Thursday, months after the Middle East war saw Iran strikes hit the city and rattle its economy.
“Emaar Properties announces plans for a landmark masterplan in the heart of Dubai, with a total development value of AED 200 billion,” the Dubai Media Office said, in a social media post.
The development will span 4.5 million square metres and is expected to accomodate nearly 150,000 residents, it added.
Emaar CEO Mohamed Alabbar said in a statement on Instagram that the project would have a view of Dubai’s top landmarks.
This includes Burj Khalifa, the world’s tallest skyscraper, Burj Al Arab, often referred to as a seven-star hotel, and the Palm Jumeirah, an artificial island shaped like its namesake.
The announcement comes two months after a truce in the Middle East war, which saw Iran pound its Gulf neighbours as retaliation for US-Israeli strikes that decimated its leadership.
Iran launched nearly 3,000 missiles and drones at the UAE — more than any other country in the region, including Tehran’s arch-foe Israel.
Although most of the attacks were intercepted, the shock of war in a region long seen as a safe haven has taken a toll on Gulf economies, including the emirate of Dubai.
The city largely relies on tourists and air travel through its airport for revenue — and its real estate market was booming before the conflict.
Since a shaky ceasefire took hold on April 8, the Gulf has seen intermittent attacks, though the UAE has been spared since drones launched from Iraq hit a generator at the Barakah nuclear power plant last month.