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Iconic Dubai property ‘creates own momentum’ in downturn

dubai sports city PRSome Dubai property mega projects could ride the real estate downturn thanks to an ability to “create their own momentum”, say bosses at one iconic UAE scheme.

Malcolm Thorpe, a senior spokesman for Dubai Sports City, said the development’s ‘city within a city’ approach meant parts of it could “build on each other’s strengths”.

Mr Thorpe was speaking at the MEED Dubai Mega Projects forum, a series of talks on the future of Dubai’s upmarket property sector.

Dubai Sports City is a $4 billion, 50 million sq ft mixed-use real estate scheme which will be the world’s first destination of its kind.

Mr Thorpe said: “It is the integration of a mega project’s different elements which propels the whole project to completion.

“The sheer size and scale of integrated projects encourage completion and delivery despite what can be considered short-term worries.”

Recently completed real estate in Dubai Sports City includes property in the Victory Heights development, recently handed over.

Mr Thorpe added a “thriving community” would develop in the huge real estate hub as more families move in.

Dubai Sports City also involves sporting venues besides residential property, including a cricket stadium set to host Pakistan versus Australia next month.

New property in the UAE also includes the likes of the iconic Palm Jumeirah, The World and Burj Dubai master plan schemes.

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