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Uptown Dubai to Develop Until 2020

Written by: Editor

Uptown-Dubai-to-Develop-Until-2020.jpgWithout a doubt, Dubai is a metropolis with one of the fastest development rates in the world. This time, the authorities planned a new commercial and residential area named Uptown Dubai, to “compete” with Downtown Dubai, a well-known suburban zone. Numerous investors have declared their interests in the new project which is set to launch in 2020. The legislation related to the foreign investments in the UAE is permissible and can be explained by our lawyers in Dubai.

How Uptown Dubai will look like

With about 3,000 accommodations (condominiums, apartments, hotels), around 200 restaurants, bars, and outlets, Uptown Dubai will be controlled by Dubai Multi Commodities Centre. Even more, the new residential area will be represented by two imposing towers, which are going to be the tallest buildings in the world, of about 1000 meters high each. Uptown Dubai is projected with a central plaza on two levels, surpassing the well-known Times Square in New York, USA, with full access to the symbolic towers. Previously, the authorities wanted to build up Burj2020 tower of about 700 meters, but things have changed, as a new residential area is planned with two unique towers. In matters of investments, all business persons are invited to benefit from the attractive real estate market in Dubai, where there is always something new to build. For a better understanding of the requirements in investments or regarding the company registration in Dubai, we suggest you address to our attorneys in Dubai.

Will Uptown Dubai be ready in three years?

Even if it might seem that such plan is impossible to be finished in time, we remind that the UAE had a fast development in the last decades with the help of varied investments from abroad but also made by entrepreneurs in the country. Numerous residential areas and well-known buildings have been rapidly built, not to mention the man-made island, Palm Jumeirah. In other words, if the plans won’t change again, Uptown Dubai is planned to be ready until 2020, considering that the work already started. 
If you are thinking of making investments in Uptown Dubai by starting a business in Dubai, we invite you to get in touch with our law firm in Dubai.


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