Get ready to experience the ultimate entertainment in Dubai, as a Dubai property developer has officially confirmed the construction of a 10.5-hectare “The Island Project” to bring the splash of Las Vegas to the UAE.&nbsp;Dubai Developer Wasl Properties unveiled their plans to bring the glitz of Las Vegas to the coastlines of Jumeirah Beach. The developer awarded an AED 4.4 billion contract to the China State Construction Engineering Corporation to build the Las Vegas in Jumeirah Beach. This is one of the largest construction deals awarded to date, with a whopping cost of AED 4.4 billion. Named the Island project, it’s all set to welcome the iconic Las Vegas Hotels as MGM, Bellagio, and Aria; this trio is well-known for Vegas hospitality and casino experience. Featuring an array of world-class hotels, casinos, entertainment venues, and fine dining venues, The Island will take visitors into the land of Las Vegas, the dazzling city of entertainment.&nbsp;<h3 style="text-align:justify;">The Island in Dubai</h3>The Island project is set to become a landmark destination in Dubai, with its unique blend of entertainment, gaming, dining, and hospitality. “We are extremely excited to experience the spirit of Las Vegas in Jumeriah. This project will represent a new era in entertainment and hospitality,” says Tarlan Musaev, the CEO of MTR Properties.MTR Properties, a leading real estate company in Dubai, has positioned itself as a go-to source for investors seeking investment advice to capitalize on the Vegas-style development. Our professional consultant team assists investors in achieving their real estate goals in the Dubai market by providing valuable insights on market trends. This has established us as a trusted partner for investors and homeowners alike.&nbsp;Earlier this year, in 2023, the UAE announced the establishment of a General Commercial Gaming Regulatory Authority (GCGRA), which will implement specific regulations for lottery and commercial gaming inside the country. Despite this, the UAE’s first casino is expected to open in Ras Al Khaimah in 2026. Dream Island in RAK is now preparing for the grand opening of a 1500-room Wynn Resort, another Las Vegas Brand with a fully licensed casino.&nbsp;With the official declaration of the Island Las Vegas project in the Jumeirah coastlines, the time is now to be a part of this stunning development. Explore the investment potential available to have an extraordinary lifestyle by connecting with us. Invest now in Dubai’s Vegas-inspired project and be ready to enjoy a lifestyle of luxury &amp; entertainment.For more updates, stay tuned with us!&nbsp;

A aerial view of Vegas-Style Island in Jumeirah Coastline

Dubai Developer Wasl Properties unveiled their plans to bring the glitz of Las Vegas to the coastlines of Jumeirah Beach. 

Dubai has once again pushed the boundaries of architectural innovation and announced the world's first floating underwater mosque.&nbsp;Dubai proudly unveils the design of the world's first floating underwater mosque to offer a unique experience for worshippers to offer prayers. The main concept of raising this awe-inspiring structure is to represent a harmonious blend of spirituality, innovation, and cutting-edge technology.&nbsp;Designed by the renowned architect Ahmed Al-Khalifa, the floating underwater mosque will be constructed in the breathtaking waters of the Arabian Gulf. The structure combines the beauty of Islamic architecture with the serenity of blue waters to create a unique and immersive experience for worshippers. The mosque features large glass windows, providing breathtaking views of the marine life and the vibrant coral reefs surrounding it.As per the design they revealed, one-half of the structure with its sitting areas and a coffee shop will be above the water, while the other is submerged under the water. It features three floors and an underwater deck as a prayer area accommodating up to 50 to 75 worshippers. The submerged level will also have ablution facilities and washrooms.&nbsp;The IACAD (Islamic Affairs Charitable Activities Department spokesperson stated, "The construction of the floating mosque will start soon." However, the exact location of the mosque has not been revealed yet. But it has been announced that it will close to the shore. Worshippers can access the mosque through a walking bridge connecting the mainland.&nbsp;The <a href="https://www.mtrproperties.ae/blogs/dubai-luxury-real-estate-market">luxury real estate market</a> specialist from MTR Properties stated, "The floating underwater mosque is expected to be completed by 2025 and open to worshippers and visitors. Visitors should adhere to Islamic tradition and customs."Furthermore, the project is part of Dubai's "Religious Tourism Project" initiative, aimed at establishing Dubai as a global religious tourism hub that welcomes visitors from all religious backgrounds. Next to the announcement of the <a href="https://www.mtrproperties.ae/news/dubai-builds-second-tallest-tower-in-the-world">second world's tallest tower in Dubai</a>, this visionary project underscores Dubai's commitment to pushing the boundaries of architectural innovation while fostering interfaith understanding and tourism.Stay tuned with us for more info! Below are some of the breathtaking photographs of the mosque.&nbsp;<img src="https://res.cloudinary.com/dvut75khq/image/upload/v1696482169/inner_image_Dubai_s_Underwater_Mosque_2_4ab583dc80.png" alt="inner image - Dubai's Underwater Mosque - 2.png">&nbsp;<img src="https://res.cloudinary.com/dvut75khq/image/upload/v1696482169/inner_image_Dubai_s_Underwater_Mosque_1_fe6e6705a2.png" alt="inner image - Dubai's Underwater Mosque - 1.png">&nbsp;<img src="https://res.cloudinary.com/dvut75khq/image/upload/v1696482165/inner_image_Dubai_s_Underwater_Mosque_3_64c1af5c87.png" alt="inner image - Dubai's Underwater Mosque - 3.png">&nbsp;<img src="https://res.cloudinary.com/dvut75khq/image/upload/v1696482164/inner_image_Dubai_s_Underwater_Mosque_4_ecf96da1bc.png" alt="inner image - Dubai's Underwater Mosque - 4.png">

Dubai proudly unveils the design of the world’s first floating underwater mosque to offer a unique experience for worshippers to offer prayers. 

Following Burj Khalifa, the world’s tallest tower, now Dubai is all set to construct the second-tallest tower in Sheikh Zayed Road.&nbsp;The city is gearing up to embark on an awe-inspiring project – the construction of the world's second-tallest tower along the prestigious Sheikh Zayed Road. With plans already in motion, the emirate is set to redefine its skyline and leave an indelible mark on the world of skyscrapers. This new skyscraper pushes the 632-meter Shanghai Tower into third place but not surpasses the 828-meter-high Burj Khalifa, saying this will be the second tallest tower in the world.&nbsp;Farhad Azizi, CEO of Dubai-based Azizi Developments, officially unveiled the visionary project. Designed to soar to breathtaking heights, the tower's design remains shrouded in secrecy, adding to this iconic venture's excitement and anticipation.&nbsp;Once completed, the tower is expected to magnetize tourists, investors, and businesses, further cementing Dubai's status as a global hub for commerce and tourism.The construction of the new skyscraper has been confirmed in a recent tweet by the CEO of Azizi Developments stating, “It’s official: We are building what will be the second-tallest building in the world.”<blockquote>Read More: <a href="https://www.mtrproperties.ae/blogs/dubai-real-estate-market-international-investors">Why Investors Prefer to Invest in Dubai?</a></blockquote>Substantiating the announcement, he also added, “My father, Mirwais Azizi (Founder of Azizi Group and Azizi Developments) was recently invited to appear on BBC Persia, where he revealed our plans to build a new tower in Dubai which will share the skies with Burj Khalifa and other skyscrapers in the city.”&nbsp;While many of Dubai's impressive skyscrapers are along the illustrious Sheikh Zayed Road, officials have yet to finalize the exact spot for the second-tallest tower. Reports suggest multiple locations are being considered, each offering unique advantages and challenges.&nbsp;The second tallest tower in Dubai is destined to become an emblem of the city's ambition and determination to surpass its remarkable achievements. With the exact location yet to be decided, the world eagerly awaits to witness the next iconic addition to Dubai's ever-evolving skyline.&nbsp;With the plan of this new development, Azizi Developments is set to play a significant role in shaping Dubai's skyline. As the emirate continues to push the boundaries of innovation, the journey towards building the world's second tallest tower, in collaboration with Azizi Developments, promises nothing short of extraordinary.Stay tuned with us for more info on Dubai Real Estate!

Dubai Set to Build the World’s Second Tallest Tower

Dubai, renowned for its futuristic skyline, has recently announced plans to construct the world's second-tallest tower on Sheikh Zayed Road.

<h3 style="text-align:justify;">Dubai's most expensive property is all set to hit the market for Dh 750 million.&nbsp;</h3>This lavish city isn't exactly lacking in eye-catching buildings. Still, Bugatti Residences, the new project signed by Automotive brand Bugatti with the developer Binghatti is sure to turn the heads of home buyers and investors.&nbsp;This ultra-luxury 46-storey tower's top 11 floors occupy each floor, allowing owners to drive their vehicles to their apartments. This property has been priced at Dh 750 million, and Mohamed Bin Ghatti, CEO of Bin Ghatti Real Estate, confirmed it.&nbsp;As Dubai's luxury real estate market continues to thrive, this unveiling signal a new era of grandeur lifestyle for residents. The city's vision of pushing limits and redefining what is possible has been realized again as this property prepares to make its mark on the global stage.Interested buyers and luxury real estate enthusiasts eagerly await when this extraordinary property will be available for private viewing. With its unrivaled magnificence, Dubai's most expensive property promises to captivate the world and set a new benchmark for luxurious living.Earlier this week, the most expensive penthouse in Palm Jumeirah was sold for Dh 220 million. And in February 2023, a luxury penthouse in Bulgari Lighthouse in Jumeirah Bay Island was sold for Dh 410 million, becoming the first costliest penthouse sold in Dubai till now.Breaking this record, Villa on Front N in Palm Jumeirah, the most expensive property in Dubai, has recently been sold at Dh 600 million, which sets the next benchmark. Meanwhile, all these records are set to be crossed as the newly launched Bugatti Residences goes on sale for Dh 750 million.&nbsp;Regarding the new launch of Bugatti Residences and its record-breaking price, Tarlan Musaev, the CEO of MTR Properties, stated, "With an estimated price tag surpassing Dh 750 million, this property is set to break records and redefining the boundaries of luxury real estate. Beyond a mere status symbol, it represents a lifestyle reserved for the elite and those with discerning taste. As Dubai's luxury real estate market continues to flourish, unveiling this extraordinary property resembles a new era of exclusivity and grandeur. Embodying the city's vision of pushing boundaries and surpassing expectations, Bugatti Residence will make an indelible mark on Dubai's real estate market."&nbsp;Stay tuned with us for more information on Dubai Real Estate!&nbsp;

Dubai's most expensive property is all set to hit the market for Dh 750 million, as confirmed by Mohamed Bin Ghatti, CEO of Bin Ghatti Real Estate. 

Dubai Real Estate News

Here you’ll find the most recent trends and insights regarding the dynamic real estate sector in Dubai. Read on to discover the latest news and updates. 

Dubai Real Estate News

News

25 Jul 2023

Dubai Set to Build the World’s Second Tallest Tower in Sheikh Zayed Road

Latest News and Updates on Dubai Real Estate Market

News

30 Nov 2023

Vegas-Style Island Coming Soon in Jumeirah Coastline

News

05 Oct 2023

Dubai Reveals the Design of the World’s First Floating Underwater Mosque

News

25 Jul 2023

Dubai Set to Build the World’s Second Tallest Tower in Sheikh Zayed Road

News

01 Jun 2023

Dubai's Most Expensive Property is Going to Hit the Market for Dh 750 Million