Dubai is preparing to launch its next big megaproject, which, according to Emirates President Sir Tim Clark, can overshadow even the iconic Burj Khalifa skyscraper. This statement was made against the background of discussions on the strategic future of the emirate and its rapid growth as a global center for investment, business and tourism.

Bigger, higher, more ambitious: Dubai is on the verge of a new phase of development

“I dare to assume that there will be projects that are bigger and more beautiful than Burj Khalifa. We don't yet know what it will be,” said Sir Tim Clark. His words confirm that Dubai continues actively expand, staying at the forefront of urban innovation.

This could mean launching new ones architectural records, infrastructure solutions and districts that will become new points of attraction for investors and residents.

An economy that does not depend on oil: what is Dubai's strength

According to Tim Clark, the emirate's success was made possible thanks to strategic diversification of the economy. Today, Dubai's GDP structure is based on key areas:

aviation (including Emirates and DXB Airport)

real estate and construction,

finance and banking,

tourism and hospitality,

digital technologies and media.

This creates a stable and attractive investment environment, especially in the face of global economic turbulence.

What this means for the real estate market

New megaprojects similar to or superior to Burj Khalifa, will inevitably lead to an increase in property values in the surrounding areas. Examples include districts Downtown Dubai, Business Bay, and Dubai Creek Harbour, where prices and demand are already highly dynamic.

Key factors affecting the market include:

Increasing the attractiveness of the city center and its surroundings;

The increase in the value of land and facilities in areas of future development;

Increasing the number of premium residential complexes and commercial projects;

Increased interest from foreign investors.

Investing in the early stages of developing new zones allows you to get maximum profitability. Burj Khalifa's story has shown how one project can change the economy of an entire district.