Market data reveals that mixed-use developments currently offer the best strategy for combining housing, commercial centers, employment, cultural, and recreational activities into one facility.
In addition, such developments offer people attractive residential communities with friendly and dynamic environments, said Siyd Tawana, Retail Director of Dubai Properties, according to Khaleej Times.
Mixed-use projects have been gaining popularity in both large and small cities in the United Arab Emirates as well as around the world.
In addition to offering residents a wide range of living options at maximum convenience, ease and comfort, such projects offer investors optimum return on their investments, revealed extensive studies by Dubai Properties. Retail and services businesses, furthermore, are an important component in these developments.
"An extensive analysis of city life establishes the fact that people thrive on spontaneous and circumstantial interaction. Mixed-use developments, such as the Business Bay and Jumeirah Beach Residence, complement the city's architectural objectives, even while providing amenities for people to live, work, and play within the same premises," Tawana said at a recent Retail City Conference held in Dubai.
Tawana added that the mixed-use plan of Dubai Properties' pioneering retail projects, Bay Avenue and The Walk could function as a blueprint for accommodating Dubai's future population growth.
Such projects, he maintained, could also help cope with the challenges of aggressive urban development, including traffic and crowd congestion.
