Developer Expands Portfolio with The Heights Country Club and Grand Club Resort
Emaar Properties, the visionary master-developer in Dubai, has embarked on the creation of two extravagant destinations within the city – The Heights Country Club and Grand Club Resort, augmenting its real estate portfolio with a staggering investment of Dh96 billion. These projects, situated in proximity to the recently launched The Oasis, emphasize opulence and elevated living, boasting a significant number of villas and townhouses.
In a strategic move, Emaar, which showcased substantial financial gains in its 2023 fiscal report, continues to enhance its presence in Dubai amidst a flurry of off-plan launches dominating the market. Notable among them are flagship ventures like the revamped Palm Jebel Ali and Dubai Islands (formerly Deira Islands).
The expansive The Heights Country Club, covering an area of 81 million square feet and valued at Dh55 billion, is poised to redefine luxury living. Simultaneously, the Grand Club Resort, spanning over 60 million square feet and expected to cost Dh41 billion, places a strong emphasis on wellness features. A company statement highlights, “The resort is meticulously designed to house world-class wellness facilities, offering an unparalleled experience in luxury hospitality.”
Mohamed Alabbar, Chairman of Emaar, remarked, “Emaar is not just contributing to Dubai’s progress; we are leading the way, creating exclusive lifestyle destinations with unprecedented amenities that set new global standards.”
The stock of Emaar Development, the subsidiary overseeing the Dubai projects, has witnessed a remarkable 45% surge in the last 12 months, mirroring the success of Emaar Properties, the holding company, which has seen its stock value increase by 47%. Emaar has previously launched successful ventures such as The Beachfront, The Valley, and The Oasis, capitalizing on the well-established Dubai Hills Estate.
The Heights Country Club is strategically located in the emerging Al Yalayis area of Dubai, while the Grand Club Resort project is adjacent to the ongoing development of The Oasis, situated near Sheikh Zayed Bin Hamdan Al Nahyan Street. The Oasis, with over 7,000 residential units planned, solidifies Emaar’s commitment to shaping the future of Dubai’s urban landscape.
