Emaar is set to develop the first major beachfront resort in Dubai’s north-eastern fringe of Al Mamzar.
The developer yesterday signed an initial agreement with Dubai Municipality for the new development that will be planned around the 53-hectare Al Mamzar Lake.
“Emaar will conduct the required feasibility and environmental studies, and design a world-class project that is suited to the nature of the land,” said Abdullah Mohammed Rafi, the deputy general manager of engineering and planning at Dubai Municipality.
“We will evaluate the report submitted by Emaar to choose a development model that complements Al Mamzar’s current status as one of Dubai’s most popular leisure destinations.”
Emaar is considering waterfront and serviced residences, retail amenities, fountains and water features, and water-themed leisure attractions for the new development.
“The proposed mixed-use project, which will be developed to the highest standards of sustainability, underlines the strategic vision of Dubai Municipality to drive the all-round growth of the city,” said Hussain Nasser Lootah, Dubai Municipality’s director general.
“The project will further drive the economy through its value-added residential, retail and leisure components.”
Emaar’s other beachfront developments include Dubai Marina and the upcoming Dubai Creek project in conjunction with Dubai Holding.
Last month Nakheel released 94 hotel and resort plots for sale on Deira Islands, a stone's throw away from Emaar's planned development.
Nakheel’s plots on two of the four islands – the remnant of its aborted Palm Deira project – which could eventually accommodate 23,000 new hotel rooms, will fill a gap in the market for beachfront three and four-star hotels in Dubai.
Dubai’s north-eastern districts have hitherto not experienced the dramatic developments in other areas in the emirate, said Craig Plumb, the head of Mena research at the real estate analysts JLL.
“There’s been very little new development in that area largely because it’s not a freehold area,” he said. “You’re basically limiting demand to GCC nationals, so it’s obviously a lot more attractive to developers to sell in other locations where they can sell to foreign parties as well.”
The lack of availability of land for development in the area was also a factor.
“It’s obviously a very densely developed area so sites don’t become available that often. So it becomes a major constraint to putting together a sizeable project in that location.”
jeverington@thenational.ae
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NO OTHER LAND
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A new relationship with the old country
Treaty of Friendship between the United Kingdom of Great Britain and Northern Ireland and the United Arab Emirates
The United kingdom of Great Britain and Northern Ireland and the United Arab Emirates; Considering that the United Arab Emirates has assumed full responsibility as a sovereign and independent State; Determined that the long-standing and traditional relations of close friendship and cooperation between their peoples shall continue; Desiring to give expression to this intention in the form of a Treaty Friendship; Have agreed as follows:
ARTICLE 1 The relations between the United Kingdom of Great Britain and Northern Ireland and the United Arab Emirates shall be governed by a spirit of close friendship. In recognition of this, the Contracting Parties, conscious of their common interest in the peace and stability of the region, shall: (a) consult together on matters of mutual concern in time of need; (b) settle all their disputes by peaceful means in conformity with the provisions of the Charter of the United Nations.
ARTICLE 2 The Contracting Parties shall encourage education, scientific and cultural cooperation between the two States in accordance with arrangements to be agreed. Such arrangements shall cover among other things: (a) the promotion of mutual understanding of their respective cultures, civilisations and languages, the promotion of contacts among professional bodies, universities and cultural institutions; (c) the encouragement of technical, scientific and cultural exchanges.
ARTICLE 3 The Contracting Parties shall maintain the close relationship already existing between them in the field of trade and commerce. Representatives of the Contracting Parties shall meet from time to time to consider means by which such relations can be further developed and strengthened, including the possibility of concluding treaties or agreements on matters of mutual concern.
ARTICLE 4 This Treaty shall enter into force on today’s date and shall remain in force for a period of ten years. Unless twelve months before the expiry of the said period of ten years either Contracting Party shall have given notice to the other of its intention to terminate the Treaty, this Treaty shall remain in force thereafter until the expiry of twelve months from the date on which notice of such intention is given.
IN WITNESS WHEREOF the undersigned have signed this Treaty.
DONE in duplicate at Dubai the second day of December 1971AD, corresponding to the fifteenth day of Shawwal 1391H, in the English and Arabic languages, both texts being equally authoritative.
Signed
Geoffrey Arthur Sheikh Zayed
Dhadak
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