Top stories of the week: A $2.4bn mountain resort in Oman, behind One Za’abeel’s iconic canopy and more

Another week draws to a close and so does another month, but not without some new project launches and revelations behind recent ones. Oman announced a futuristic-looking mountain resort; we explored behind the scenes of one of Dubai's new icons, the One Za’abeel; and real estate prices in Ras Al Khaimah are set to rise by nearly 25% this year

Read on.

Oman to build $2.4bn mountain resort at Jabal Akhdar

Oman’s Ministry of Housing and Urban Planning (MoHUP) revealed plans to launch the Omani Mountain Destination (OMD) at Jabal Akhdar.

Located 153 kilometres from Muscat at an altitude of 2,400 metres, the $2.4 billion project will contribute to the nation’s projected pipeline of planned projects worth over $33 billion.

Masterplanned by AtkinsRéalis and designed in consultation with local communities, it will include 2,527 homes and 2,000 hospitality rooms as part of hotels, and a purpose-built health and wellness village, The Vessel.

Read the story here.

One Za’abeel’s iconic canopy: Design process revealed

London-based architecture studio STUFISH has revealed the new entrance canopy for One Za’abeel, a pair of skyscrapers, the tallest extending to 305 metres and the newest addition to Dubai’s ever-growing skyline.

An architectural and engineering marvel designed by Japanese studio Nikken Sekkei, One Za’abeel is redefining the concept of mixed-use developments in Dubai. The completion of the entrance canopy follows the reveal of The Link, the development’s 230-metre-long horizontal sky bridge and the world’s longest cantilever which connects the two skyscrapers.

Read more here.

Ras Al Khaimah real estate prices to increase by 25% in 2024

Metropolitan Premium Properties (MPP), the leading real estate agency under the Metropolitan Group, foresees a 25% surge in real estate prices in Ras Al Khaimah this year, following a remarkable 50% increase in 2023. This notable uptick is primarily attributed to a scarcity of residential units and hotel accommodations relative to the expected demand.

With the impending inauguration of the highly anticipated Wynn gaming resort, MPP anticipates property values to maintain their upward trajectory, potentially escalating by up to 50%.

Read more here.

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