Emaar Properties to develop housing and hotel project in Dubai Harbour
September 26, 2017 – Emaar Properties, a UAE-based real estate firm, is set to develop nearly 10 million sq ft of waterfront residences and a brand-new hotel project at Dubai Harbour.
Developed by Meraas, the 20 million sq ft of ‘Dubai Harbour’ includes the iconic Dubai Lighthouse, cruise port & MENA’s largest marina.
Located between the Jumeirah Beach Residences and The Palm Jumeirah, Emaar’s Dubai Harbour will combine Sky Dive Dubai, Dubai International Marine Club and Logo Island in one tourist destination.
Emaar will concentrate on building a series of designed high-rise residential apartments overlooking the Arabian Gulf while its hospitality project will be operated by its Address Hotels + Resorts, which will also feature branded residences.
Meraas group chairman Abdulla Al Habbai said: “Meraas is committed to bringing innovative destinations and experiences to life that are aligned with the vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, and the strategic objectives outlined in Dubai Tourism Vision 2020 and Dubai Plan 2021.
“Developments such as Dubai Harbour are central to our efforts to define Dubai as a preferred place to live, work and visit and include several unique features that will create incremental value for the local economy and drive growth in the maritime tourism sector.
“We are confident that our collaboration with Emaar will reinforce our mission of creating a world-class destination that appeals to people around the globe.”
Emaar Properties chairman Mohamed Alabbar said: “Developing our share of land in Dubai Harbour, an iconic luxury waterfront destination, to create world-class residences and hospitality projects will add to our portfolio of prime developments in spectacular locations in Dubai.
“Adding to Emaar’s Dubai Real Estate Development business, the residences and hotel project in Dubai Harbour will create significant long-term value for our shareholders. Emaar’s new development will also complement the vision of HH Sheikh Mohammed bin Rashid Al Maktoum in establishing Dubai as a global tourism and lifestyle hub.”
Additionally, Dubai Harbour will include an advanced multi-modal transport infrastructure comprising road network as well as air and sea connectivity.
Furthermore, the project will feature a futuristic public transport system, water stations, pedestrian bridge, jogging and cycling tracks.