An Increase in UAE’s Artificial Lagoon Developments

  • Date: 05-Oct-2022
  • Source: Dubai Chronicle
  • Sector:Real Estate
  • Country:UAE
  • Who else needs to know?

An Increase in UAE’s Artificial Lagoon Developments

Artificial lagoon construction costs are an estimated $600,000 to $650,000 per acre

Filtration only requires 2% of the energy needed by traditional systems

The UAE expects to exceed AED 300 billion worth of real estate investment in 2022

Unique Properties, one of Dubai’s leading real estate agencies, has observed a growing interest in the country’s crystal lagoon segment of real estate developments. Nearly 70% of MENA consumers in 2020 believed that their way of living would change significantly post-pandemic. This mass reassessment of mindsets has seen buyers prioritize buying sustainably constructed developments in walkable neighborhoods that provide a higher quality of life and access to open spaces.

Man-made lagoon residential developments are not new. Mohammed Bin Rashid (MBR) City’s District One, which incorporates this concept, first began construction in 2013 while other developers have implemented the same infrastructure within their projects over the years. The launch of Expo City Dubai, formerly District 2020, has resulted in increased interest from both property buyers and developers. New developments such as Dubai South are helping meet the rising demand for artificial lagoon concepts