UAE-based Al Ghurair Properties has announced a new wave of projects worth Dh5 billion ($1.36 billion) across Dubai including 58 buildings in a sustainably-built layout that will include 8,000 residential units and 350,000 sq ft of retail units.

These projects, which will come up in prime localities of Deira, Bur Dubai, Al Barsha, Al Qusais, and Al Warqa districts, are in line with the company’s vision to enhance the property offering in the city.

An increasing demand by UAE residents for quality homes, coupled with a boost in business and new entrants into the job market, has led one of the UAE’s longest established developers to significantly invest in the sector, said Al Ghurair Properties.

The projects’ infrastructural work began earlier this year, with the first building due for completion by the end of 2017. The remaining 57 projects are scheduled for completion by the fourth quarter of 2020.

Al Ghurair City remains the developer’s largest asset with 343 apartments, 200 retail outlets, an office block, three car-parking facilities, a cineplex, a food court and a dining district. It also boasts the five-star Al Ghurair Hotel, a 428-key luxury hotel and Al Ghurair Living, a deluxe service apartment block with 192 keys, managed by AccorHotels, all connected through a three-level podium that connect the facility.