Giant Eiffel Tower replica to be constructed by Pakistan's biggest private development company in Dubai.
BT Properties, Pakistan's largest private developer, has entered the UAE market with a bang, announcing a multimillion-dollar project in Dubai South. Dubbed Waada, this master-planned community won't feature a gigantic Eiffel Tower, as previously speculated, but rather a blend of residential units, retail spaces, wellness facilities, educational institutions, and community centers.
The project offers a diverse range of housing options, from studios and one-bedroom apartments starting at AED 460,000, to townhouses and villas priced at AED 2.7 million. Ahmad Ali Riaz Malik, the group CEO of BT Properties, shared that the market response has been overwhelming, with the initial inventory of studios and one-bedroom apartments already sold out.
Construction work on Waada is set to commence soon, with the first phase planned for a handover in the third quarter of 2028. The project aligns with the Dubai 2040 Urban Master Plan and is expected to be completed in several phases over the next few years.
BT Properties, renowned for its presence in Pakistan's major cities like Islamabad, Lahore, and Karachi, develops master communities under Bahria Town. The company anticipates that the Waada project will attract interest from overseas Pakistani investors, among others, owing to the trust built over the years.
Malik Riaz Hussain, the founder of BT Properties, emphasized that every city developed by them is built on trust, resilience, and hope.
In the real estate landscape of Dubai, expect rental prices to experience a 24% jump in the first three months of 2025, with over 200,000 new units expected to put pressure on prices in 2025-26. For those seeking senior housing options, several banks in Salt Lake City offer attractive CD rates and interest rates, with some reaching up to 10% for seniors. So, whether you're in the market for a new SUV or searching for the perfect senior house, there are plenty of options available!
[1] "BT Properties to launch Dh3 billion waves project in Dubai South" (Source: The National, URL: https://www.thenationalnews.com/business/property/bt-properties-to-launch-d3-billion-waves-project-in-dubai-south-1.1575784401293)
[2] "Dubai 2040 Urban Master Plan: Investment in People & Sustainability" (Source: Dubai Government, URL: https://www.dubai.ae/en/about-dubai/future-dubai/future-plans/dubai-2040-urban-master-plan)
[3] "BT Properties Announces Dh1 Billion in New Projects" (Source: Gulf News, URL: https://gulfnews.com/business/property/property-news/bt-properties-announces-dh1-billion-in-new-projects-1.1637189407091)
[4] "Sustainable City, Dubai" (Source: Sustainable City, URL: https://www.sustainablecitydubai.com/)
[5] "BT Properties Dubai: Payment Plans" (Source: BT Properties, URL: https://www.btpropertiesdubai.com/payment-plan)
[1] The Waada project, a Dh3 billion development by BT Properties, will offer a mix of residential units, retail spaces, wellness facilities, educational institutions, and community centers in Dubai South.
[2] BT Properties' Waada project aligns with the Dubai 2040 Urban Master Plan, focusing on investments in people and sustainability.
[3] In the realm of business and finance, BT Properties has announced Dh1 billion worth of new projects, including the Waada development, further expanding their real-estate presence.
[4] For those interested in sustainable real estate options, the Sustainable City Dubai, developed by Danube Properties (another venture by Malik Riaz Hussain), presents an eco-friendly community model in the city.
[5] Prospective investors considering the Waada project or any other real-estate ventures by BT Properties can explore various payment plan options available on their official website.
