
Emaar will conduct feasibility studies and submit a detailed project report outlining the development potential to Dubai Municipality. Following approval of the masterplan, the two parties will finalise the project management structure, Emaar said in a statement.
The project, which is being planned around the 53-hectare Al Mamzar Lake, is expected to include waterfront residences, serviced residences, retail amenities, fountains and water features, and water-themed leisure attractions. It will be built on land owned by the Municipality.
Hussain Nassir Lootah, director general of Dubai Municipality, said: “The proposed mixed-use project will be developed to the highest standards of sustainability… Envisaged as a modern lifestyle hub, the project will further drive the economy through its value-added residential, retail and leisure components.”
No comments:
Post a Comment