The government's decision to diversify from an oil-based economy, and to make
Dubai
Dubai (Help:IPA/English, /duːˈbaɪ/ Help:Pronunciation respelling key, ''doo-BYE''; Modern Standard Arabic, Modern Standard Arabic: ; Emirati Arabic, Emirati Arabic: , Romanization of Arabic, romanized: Help:IPA/English, /diˈbej/) is the Lis ...
the main hub of tourists in the world, has made and other developmental projects such as
Dubailand, more valuable, resulting in the property boom from 2004 to 2007. There are over 1,500 major freehold developments and communities in Dubai. Construction on a large scale is a part of Dubai Strategic Plan 2015 unveiled by
Mohammed bin Rashid Al Maktoum
Sheikh Mohammed bin Rashid Al Maktoum (; born 15 July 1949) is an Emirati politician and royal who is the current ruler of Dubai, and serves as the Vice President of the United Arab Emirates, vice president and Prime Minister of the United Arab ...
, the Ruler of Dubai, to maintain economic growth and to put Dubai on the map of the world, and a tourist destination of the world. Construction on a large scale has turned Dubai into one of the fastest-growing cities in the world. There are a number of large-scale projects which are currently under construction or will be constructed in the future. Due to the heavy construction which is taking place in Dubai, 30,000 construction
cranes, which is 25% of cranes worldwide, were operating in Dubai in 2012. Currently multibillion-dollar construction projects are taking shape in Dubai.
Great Recession
However, due to the
Great Recession
The Great Recession was a period of market decline in economies around the world that occurred from late 2007 to mid-2009. , several mega projects were put on hold, including the
Palm Islands
The Palm Islands consist of three artificial island, artificial archipelagos: Palm Jumeirah, Dubai Islands (formerly known as Palm Deira or Deira Islands), and Palm Jebel Ali, off the coast of Dubai, United Arab Emirates. The Palm Islands were ...
,
Dubailand, the Arabian canal, Dubai Exhibition City, The Lagoons, and
Jumeirah Garden City. Apart from this, many supertall
skyscrapers
A skyscraper is a tall continuously habitable building having multiple floors. Most modern sources define skyscrapers as being at least or in height, though there is no universally accepted definition, other than being very tall high-rise bui ...
have also been put on hold which includes the
Pentominium,
Burj Al Alam
The Burj Al Alam ( English: "World Tower") was a proposed 108-story, hyperboloid skyscraper in the Business Bay area of Dubai, United Arab Emirates, though the project's roots are in a 101-storey design called "Fortune 101" and slated for the ...
, Marina 106, and
Dubai Towers Dubai. Construction on
Palm Jebel Ali and
The World Islands were expected to be resumed in 2010, however recommencement has been further delayed.
Construction on other halted projects was thought likely to be resumed in 2011.
Recovery from the Great Recession
A report published by ''
Forbes
''Forbes'' () is an American business magazine founded by B. C. Forbes in 1917. It has been owned by the Hong Kong–based investment group Integrated Whale Media Investments since 2014. Its chairman and editor-in-chief is Steve Forbes. The co ...
'' on October 22, 2012, says Dubai recovered faster from the
Great Recession
The Great Recession was a period of market decline in economies around the world that occurred from late 2007 to mid-2009. faster than most other countries and now its economy is growing in a higher rate than its counterparts because of its zero tax policy and
economic free zones. The estimated
GDP
Gross domestic product (GDP) is a monetary measure of the total market value of all the final goods and services produced and rendered in a specific time period by a country or countries. GDP is often used to measure the economic performance o ...
growth rate of Dubai in 2012 was 4.5%. The growth was mainly driven by the tourism, commerce and industrial manufacturing sectors.
According to the UAE's Ministry of Finance, Dubai's government has allocated 32.3 billion dirhams ($8.8 billion) for infrastructure projects in 2012, marking a return to big spending on such projects as some of these projects had been stalled due to lack of funding.
In November 2012, Sheikh Mohammed bin Rashid Al Maktoum announced fifteen new projects worth more than $187 million. These projects are a part of the municipality's 2013 to 2015 strategic plan of Dubai.
Mixed use developments
Other projects
Canada business tower in Dubai
Artificial reclaimed islands developments
Bridges

; Notes
: A. Construction is currently on hold due to lack of finances.
: B. Project is currently in planning stages.
: C. Only 22 out of 200 sub-projects of Dubailand are under construction.
: D. Approved; construction will start in April, 2013.
See also
*
Dubai Real Estate Regulatory Agency
*
List of buildings in Dubai
Below is a list of notable buildings in Dubai. Dubai has a varied set of buildings and structures in different architectural styles. Many modern interpretations of Islamic architecture can be found here due to a boom in construction and architec ...
*
List of hotels in Dubai
*
List of shopping malls in Dubai
*
Tourist attractions in Dubai
References
External links
Mall of the World: World's First Temperature Controlled City- Dubai announced Mall of the World project on June 5, 2014.
Dubai e visa online:
{{DEFAULTSORT:Development Projects In Dubai
*Development projects
Lists of real estate in Dubai