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

Coming Up on Dubai Eye

  • The Music Mix

    11:00pm - 6:00am

    Enjoy your favourite music back to back commercial free, tune in to the Music Mix everyday from 1 until 2 for the music you love and the news updates you need

  • The Business Breakfast

    6:00am - 10:00am

    The Business Breakfast is the day’s must listen for the UAE’s business leaders, and those who aspire to be.

BUSINESS BREAKFAST LATEST

On Dubai Eye

  • Is There Sufficient House Supply In UAE

    Dubai’s current population is more than double compared to almost twenty years ago, which now stands at 3.7 million. Lots of families are also moving to the UAE now. So what does it mean for the property market?

  • Noon's First Female Delivery Driver

    Glory Ehirim Nkiruka is Noon’s first ever female delivery driver. In her first ever interview, she explained why she loves her job, despite the heat!