Any one looking through the recent announcements of world-wide luxury property investment developments could be forgiven for thinking that Dubai is the only country in the World still building new projects, and it is fair to say that Dubai appears to have plenty of room left for more. This is some of the most recent announcements.

Nakheel’s Waterfront development

is attracting a huge amount of interest, both from developers and investors, with many announcements selling out within a short space of time. Most recent, is

Cirrus’ mixed use project, Aquarius Gate

. The commercial tower at Aquarius Gate will be twenty-nine stories high, and offer panoramic views of the Arabian Gulf and the Palm Jebel Ali from its. Six glass elevators will provide uninterrupted views of the sea. (until the next water based development.) And the luxurious residential tower will offer views across the Canal, the Marina and the Palm Jebel Ali.

Burj Park Dubai

was announced last week, another luxurious waterfront development and within walking distance of the Buj Dubai and the Dubai Mall. What with the current state of traffic in Dubai, it’s fair to say walking is a sensible option.

The Burj Al Alam

, a luxury retail mall, is also planned and expected to be completed around mid-2011.

Raffles Dubai

recently joined the Al Basel consultancy network to promote their hotel in the hospitality sector.

Construction continues apace on the

Burj Dubai,

which is currently the world’s tallest building, despite the fact that it is still unfinished.

The World Islands development

recently completed the breakwater and one of the first announcements was the

luxury boutique hotel on “Greece,

” by European arcistocrat, Baron Jean Van Gysel de Meise.

Despite some suggestions that Dubai’s luxury real estate sector is headed for a crash, there seems to be no end in sight at the moment and more developments are being announced, almost on a daily basis.

A leading Dubai based real estate developer, Fortune Group, announced yesterday that its high-end retail offering - The Corporate Mall, which is planned to be in the world’s tallest commercial tower, Burj Al Alam, Dubai, has drawn an extremely positive investor response from the ultra-luxury segment of the retail sector.

The group has already sold out 75% of the total 313,000 square feet of available retail space. The mall is not only a freehold facility but also has the distinction of being the only mall within Business Bay, a mere two weeks from the launch. The group has also retained some of the retail area for leasing out to anchor tenants.

The Corporate Mall was designed by the world-famous Japanese architects, Nikken and Sekkei. The state-of-the-art enclosure will cater exclusively to discerning corporate clients, featuring nothing but the most expensive ultra-luxury outlets, top-of-the-line regional and international brands including high-end fashion brands, sophisticated dining and entertainment experiences. Not restaurants – experiences, which is a completely different thing and far more sophisticated.  The mall will also house trendy coffee shops, a modern fitness centre and parking space for over 1000 cars.

The Fortune Group has already begun construction on Burj Al Alam and the project is slated for completion by 2011.

Nikken & Sekkei