Emar properties, the global property developer and Dubai properties group, a member of Dubai Holding mutually finalized a deal of land transaction in DUBAILAND.
The plot is located on Al Qudra road adjoining the Arabian Ranches development; Emaar’s fully established master planned community and will be developed by Emaar as a mixed use neighborhood.
“We are thankful to Dubai Properties Group for the opportunity to undertake take this new project. Emaar is a pioneer in developing integrated lifestyle communities in Dubai, and our new project in a spectacular location adjoining Arabian Ranches further underlines our commitment to develop superior life style communities in Dubai and we also hope to be a supportive partner for ambitious projects that are aligned with Dubai Government Vision. Arabia Ranches is one of the most sought-after residential developments of Emaar which witness among the highest increase in rental and sale prices in Dubai. The new project will further enhance Emaar’s Offering at Arabian Ranches, Resulting in further positive impact on the development” said Ahamd Al Matrooshi, the Managing director of Emaar Properties.
Khalid Al Malik, DPG GCEO while expressing his views on the transaction said: “I am Pleased to have signed this agreement with Emaar, which is a sign of Confidence in the attractiveness of DUBAILAND as an investment opportunity. We currently have a strong pipeline of investor projects, and we will continue to work with our partners to further develop and enhance services for the benefits of both residents and visitors.
The finalized agreement between the two reputed companies is testament to DPG’s continued success in attracting third parties to develop what has become a growing entertainment, residential and leisure district of Dubai.
Dubai based Emaar Properties has an established portfolio in Dubai including its flagship mega project Downtown Dubai featuring the iconic Burj Khalifa and The Dubai Mall; Arabian Ranches, a villa Community featuring the Arabian Ranches Golf Course and Dubai Polo & Equestrian Club: Dubai Marina is one of the largest waterfront developments in the region; and Emirates living, a collection of Villa and apartment clusters.
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