Emaar proposes new Dubai development
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Emaar Properties is set to run feasibility studies on a mixed-used beachfront lifestyle development in Al Mamzar.
The project, which is being planned around the 53-hectare Al Mamzar Lake, will feature waterfront residences, serviced residences, retail amenities, fountains and water features, and water-themed leisure attractions.
A Memorandum of Understanding was recently signed by Abdullah Mohammed Rafi, deputy general manager of engineering & planning at Dubai Municipality, Dawood Al Hajri, director of the planning department, and Ahmad Al Matrooshi, managing director of Emaar Properties PJSC.
Emaar will conduct feasibility studies and submit a detailed project report outlining the development potential to Dubai Municipality, and then finalise management structures when approval is secured.
Hussain Nassir Lootah, director general of Dubai Municipality, said; “The proposed mixed-use project, which will be developed to the highest standards of sustainability, underlines the strategic vision of Dubai Municipality to drive the all-round growth of the city.
“Envisaged as a modern lifestyle hub, the project will further drive the economy through its value-added residential, retail and leisure components.”
Emaar’s waterfront projects in Dubai include Dubai Marina, the region’s largest marina development of its kind, and the ongoing waterfront project along Dubai Creek, developed as a joint venture with Dubai Holding.
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