His Excellency Abdulla Ahmed Al Habbai said: “Together with Marsa Al Arab, the new development enhances the Jumeira area, and Dubai’s position as the leading lifestyle, tourism and investment destination. We remain committed to launching projects that are critical to Dubai’s vital growth sectors.”
Dubai: Sheikh Hamdan Bin Mohammed Bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive Council, opened today the 17th edition of the Cityscape Global 2018 – the biggest annual real estate event – at the Dubai World Trade Centre. During his tour, His Highness visited the Dubai Holding stand, which showcased its project portfolio led by Madinat Jumeirah Living, a major landmark in Dubai’s prime Madinat Jumeirah district. The new project is the first freehold luxury residential development. Strategically located opposite to Dubai’s most iconic landmark, Burj al Arab, the new project is set to become the most prestigious residential address in the Emirate.
Home to Dubai’s most famous coastline, the district remains one of the most sought-after areas for luxury tourism, living and investment in the Emirate.
Dubai Holding is further consolidating its position in the vibrant Jumeirah district to drive forward its legacy of successful hospitality and tourism projects. These include: Marsa Al Arab in addition to Jumeirah’s portfolio of landmarks led by Burj Al Arab, Al Qasr, Mina Al Salam, Dar Al Masyaf and Wild Wadi water park.
His Excellency Abdulla Ahmed Al Habbai, Chairman at Dubai Holding said: “Madinat Jumeirah Living is a natural extension to the hugely successful entertainment, hospitality, retail, tourism and lifestyle proposition of the Madinat Jumeriah resort, which we have built and enhanced over the years. Dubai Holding is now elevating the masterplan of the prime Jumeira district, taking it further to both address the demand of luxury living and to fully realise its potential as a truly holistic and world-class destination.”
The 3.85 million sqft development comprises residential clusters, offering spacious, freehold units, all connected through shaded pedestrian walkways and jogging paths. This pedestrian centric, environmentally friendly development has been designed with safety at its core, limiting car access to designated drop off areas, basement and residents parking. Madinat Jumeirah Living is located where Jumeirah Beach Road and Umm Suqeim Road meet, opposite Madinat Jumeirah Resort and overlooking some of the world’s most luxurious hotels.
Madinat Jumeirah Living will mirror the look and feel of Madinat Jumeirah Resort, reflecting Dubai’s early cultural heritage. The development will be directly connected to Souq Madinat Jumeirah via an airconditioned pedestrian bridge, merging both destinations into one retail and residential offering. To date, Madinat Jumeirah continues to be one of the most popular destinations in Dubai, welcoming over 2.8 million visitors in the first half of 2018 alone.
The project will break ground in 2019 and will be developed in phases.
The first phase of the development is expected to be completed within 30 months following the ground-breaking.
The project will the following facilities:
- Gated residential clusters
- Community centre
- Community retail
- Suite of concierge services
- Day care centres
- Play areas, parks and open spaces
- Gyms and Swimming pools
- Ample basement parking for residents
- Designated visitor parking
- Air-conditioned, pedestrian footbridge directly connected to Madinat Jumeirah.
- Kilometres of shaded walkways, jogging and cycling paths.
Last year, Dubai Holding announced the launch of Marsa Al Arab within the same vicinity as Madinat Jumeirah Living. The mega-project with world-class facilities aims to enhance Dubai’s position as a global tourist destination and reinforce the Group’s leading position as one of the driving forces behind the growth and prosperity of Dubai’s most well-renowned districts.
-Ends-
About Dubai Holding
Dubai Holding is an investment conglomerate with operations in 12 countries employing over 20,000 people. Established in 2004, Dubai Holding manages an AED 130 billion portfolio of assets, which supports the strong development of Dubai’s non-oil economy across sectors including; tourism, hospitality, real estate, media, ICT, education, design and trade.
Its portfolio includes:
- Jumeirah Group, the hospitality arm which owns and operates 20 hotel developments in 9 destinations in 8 countries
- Dubai Properties, one of the largest fully integrated and community development business in Dubai
- TECOM Group, which manages 11 of Dubai’s most successful business communities
- Dubai Asset Management, owners of one of the largest portfolios of residential communities for rent in Dubai
- Dubai Retail, the retail management arm that focuses on developing, operating and managing Dubai Holding's extensive range of strategically located retail assets across prime destinations and communities
- Arab Media Group, which implements a strategic plan to develop new family destinations and further grow digital media business lines.
Dubai Holding’s current project pipeline will add significantly to the Emirate’s portfolio of landmarks. This includes Marsa Al Arab, Emirates Towers District and Dubai Creek Harbour, a joint venture with Emaar Properties. Dubai Holding plays an influential role in delivering on Dubai’s economic diversification strategy and initiatives such as Tourism Vision 2020, Dubai Innovation Strategy and Dubai Industrial Strategy.
www.instagram.com/dubaiholding
www.youtube.com/user/dubaiholding
https://www.linkedin.com/company/dubai-holding
For media queries, please contact:
Zein Bushnaq
dubaiholding@brunswickgroup.com
Direct +971 56 1742230
© Press Release 2018Disclaimer: The contents of this press release was provided from an external third party provider. This website is not responsible for, and does not control, such external content. This content is provided on an “as is” and “as available” basis and has not been edited in any way. Neither this website nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this press release.
The press release is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Neither this website nor our affiliates shall be liable for any errors or inaccuracies in the content, or for any actions taken by you in reliance thereon. You expressly agree that your use of the information within this article is at your sole risk.
To the fullest extent permitted by applicable law, this website, its parent company, its subsidiaries, its affiliates and the respective shareholders, directors, officers, employees, agents, advertisers, content providers and licensors will not be liable (jointly or severally) to you for any direct, indirect, consequential, special, incidental, punitive or exemplary damages, including without limitation, lost profits, lost savings and lost revenues, whether in negligence, tort, contract or any other theory of liability, even if the parties have been advised of the possibility or could have foreseen any such damages.
