SLJB..In Dubai, the government is promoting ‘city-within-city’ projects and other key developments by the single largest property development company in the UAE, EMAAR Properties, which is driven by the ruling family of Dubai. These projects include:
Dubai Marina - US$4 billion Emirates Hills - US$300 million Emirates Lake - US$50 million Arabian Ranches - US$2.5 billion Palm Island - US$4 billion Dubai Festival City - US$2 billion Dubai Healthcare City - US$2 billion Dubai International Finance Centre - US$2 billion Mall of the Emirates - US$300 million Atlantis Hotel - US$1 billion Burj Dubai - US$1.6 billion Jumeirah Beach Residence - US$ 1.4 billion Jumeirah Lakes Towers - US$ 1.5 billion
There are around 5000 construction-related companies in the UAE of various sizes and specialisations. Due to the speedy development of the construction sector and the under-developed industrial sector, products and skills suited to the market were not available in the UAE. This has resulted in the local industry having to purchase over 80 per cent of construction materials and equipment from overseas and awarding 85 per cent of major contracts to foreign companies (in partnership with local companies).
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