DWC, Emaar to develop urban centre and golf destination
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Emaar Properties PJSC has signed a memorandum of understanding (MoU) with Dubai World Central (DWC) to develop an integrated urban centre and golf destination.
The new development will be at Dubai World Central, the home to Expo 2020 and the Al Maktoum International Airport (AMIA). The MoU was signed by His Highness Sheikh Ahmed Bin Saeed Al Maktoum, chairman of Dubai Aviation City Corporation and president of Dubai Civil Aviation Authority and Mohamed Alabbar, chairman of Emaar Properties.
The city requires strategic projects that can meet growing demand for luxury residences. The development is spread over an area of 13.63 million sq metres with the first phase of the project to include a golf-course villa community, several hotels, a high-end shopping mall, leisure attractions, and a business hub that promotes youth entrepreneurship.
His Highness Sheikh Ahmed Bin Saeed Al Maktoum, chairman of Dubai Aviation City Corporation, said: “In the coming future, Dubai World Central will witness several new projects to build an integrated city. Dubai is now focused on building world-class infrastructure to ensure that we host the best Expo the world has witnessed.”
The masterplan for the joint venture project is currently being finalised. The key considerations in the design and construction of the development will be sustainability. The new project will also create several business opportunities for youth entrepreneurs and diverse businesses in the retail, hospitality and leisure sector.
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