Despite the winter season, Real Estate Companies in Dubai has certainly entered a "thaw" era. Long awaiting the outcome of the housing price adjustment phase, several market participants finally ensured that the risk of the further decrease was over, and now it is time to start acting. Therefore, the preparations of the Dubai authorities to start implementing big active phases of development projects could not have come at a better time either. Last week, the authorities of the Emirates and major developers announced noticeable progress on three mega-projects in Dubai, namely Aladdin City in the Dubai Creek sector, District One residential development in the MBR City and the Mall of the World mixed mega-development. The first of these projects will start to take real shape by the end of 2016 with USD 15 million Aladdin City: Dubai Municipality has shortlisted candidates for three-company construction and will soon pick a general contractor. Meanwhile, in June 2016, owners of the most luxurious villas in Dubai, situated in MBR City's District One, will be able to reach their homes. The launch of this project is scheduled for Q1 2016, and, despite the average price of USD 4 million, the developer is optimistic of demand. In Dubai, 2016 is about to shape the emirate's future for years to come. Next year, a number of major projects will be launched, including Mall of the World, a long-term and strategically important project with a total area of 1.7 million square metres, which will change the entire city structure. In order to launch construction of 278 houses in 2017, the master developer Dubai Holding said it would finalise all the preparations in 2016. And industry analysts provide developers with explanations for their potential trust. Dubai housing prices stopped falling for the first time since March last year, when the correction gained traction, according to the ValuStrat November price index. And in certain areas of Dubai, Reidin also reported growth in the number of real estate transactions. Compared with the same time last year, the number of JLT and Downtown transactions increased during the autumn months. ValuStrat and Reidin's property price indexes are close enough to fact, experts claim, which is, however, not so true for all other predictions. A number of different factors should be taken into account in the price index, including not only the quoted price, but also the actual cost of the transaction, not only the average new housing prices, which are usually higher, but also the cost of secondary real estate and the actual number of transactions, which have not doubled as a result of the re-accounting of the same premises sold twice during the accounting period. Thus, the growth and decline rates of real prices can vary significantly from those shown by consulting agencies. After the storms of events that swept it in 2015, the Dubai Investment Real Estate began calming down and clearing up. And it is predicted that 2016 will be the year when new foundations are laid for future prosperity.