Emaar set to unveil AED 200 billion Dubai mega-development

www.emaar.com

Emaar Properties has announced plans to unveil a major new master development in Dubai, described as its most ambitious project yet.

The development will have an estimated value of AED 200 billion and cover more than 4.5 million square metres.

It is expected to accommodate around 150,000 residents and will include residential towers, villas, office space, retail outlets, hotels, and cultural and community facilities.

According to Emaar, the project is designed as a self-contained urban district with schools, healthcare facilities, parks and public amenities all within easy reach.

It will also feature smart technology, sustainable transport options and proposed metro connectivity, structured around the principles of the 20-minute city.

The masterplan includes five distinct neighbourhood zones, ranging from business and urban districts to family-focused communities and luxury villa areas.

Emaar founder Mohamed Alabbar said the development reflects the company's confidence in Dubai's future growth and its ambition to create a new landmark destination for the city.

Further details of the project are expected to be announced soon.

More from Business

News

  • H.H. Sheikh Mohammed says it's 'ideal time to invest in Dubai'

    His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, has highlighted the endless possibilities Dubai continues to offer, with "AED2.1 trillion worth of projects underway" and more "in the coming phase".

  • Mohammed Al Gergawi honoured for dedicated service

    His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, has awarded the ‘Mohammed bin Rashid Scarf’ to Mohammed Al Gergawi, Minister of Cabinet Affairs, for his dedicated service.

  • Marwan bin Ghalita awarded Mohammed bin Rashid Leadership Medal

    His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Deputy Prime Minister, has awarded the first Mohammed bin Rashid Leadership Medal to Eng. Marwan bin Ghalita, Director General of Dubai Municipality.