A proportion of key plots in one of the main beach districts of Madinat Al Arab, the planned urban downtown of the new city, were released to the market in December and were snapped up within 48 hours by a number of regional and international developers.
Khaled Al Huraimel, General Manager, Madinat Al Arab commented, “Such plots are in high demand due to their prime location on the last remaining natural beachfront in Dubai – a 12 km stretch that runs through Madinat Al Arab.”
Adjoining Palm Jebel Ali, Madinat Al Arab is set to create a quality of sophisticated lifestyle unmatched in the world. The downtown will comprise multipurpose commercial, residential, resort and amenity zones and will be anchored by Al Burj, one of the world’s tallest towers and a symbol of the ambition of the city.
Based around a large harbour and marina and with a picturesque canal flowing through the area, Madinat Al Arab will be a new centre of culture, entertainment, education and business. The development is set to become a benchmark for integrated development and offers unmatched infrastructure and direct access to Dubai’s Shaikh Zayed Road, the Jebel Ali Free Zone, Jebel Ali Airport, the capital Abu Dhabi and has also taken into account the planned metro link-up, thus becoming one of Dubai’s unique new master planned communities.
“Madinat Al Arab is being created on previously undeveloped land” Al Huraimel continued. “This allows us the luxury of building on a completely blank canvas – thus permitting us to design and implement the infrastructure that a downtown of a city the size of Dubai Waterfront requires. Working with internationally recognised masterplanners, Gruzen Samton, we have developed a master plan unrivalled in the world. This intricate master plan has led to the overwhelming investor interest we continue to receive.”
Sultan Ahmed bin Sulayem, Executive Chairman of Nakheel, the Holding Company of Dubai Waterfront, said, “Carefully crafted and developed by an international consortium of the world’s best architects and planners, Dubai Waterfront is destined to become a landmark destination.”
The Master Plan for Dubai Waterfront was completed by an internationally renowned architectural and planning firm Gruzen Samton.
The Phase One of Madinat Al Arab was sold out in July for Dh13 billion within just five days of its unveiling, highlights the confidence of investors in how well planned Dubai Waterfront is as a development.
A particular emphasis has also been put on infrastructure through planned roads and other amenities that will meet the demands of the rising population.
Madinat Al Arab will be anchored by Al Burj, one of the tallest buildings in the world which embodies the vision and magnitude of the project. The downtown will feature resorts, retail, commercial spaces, public spaces, a mix of residences and an integrated transport network including light rail and sophisticated road network.
James Wilson, Chief Executive Officer, Nakheel and Dubai Waterfront, said: “Dubai Waterfront is an ambitious and modern project which is destined to become an international icon, ultimately serving as the gateway to the Arabian Canal. The core objective behind the development is to be a major contributor in the ongoing transformation of Dubai into one of the world’s leading cities.”
Nakheel, the leading property developer in the region and owner of Dubai Waterfront, announced that the exceptional value that is offered in this integrated world-class development can be gauged from the speed with which the investment commitments have been received for Madinat Al Arab
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