Dubai: Meraas Holding, a leading Dubai-based development company, and property developer Emaar Properties, yesterday announced a joint venture to develop the master-planned mixed-use community Dubai Hills Estate, the first phase of the Mohammad Bin Rashid City (MBR City), the largest of its kind real estate development in the Middle East region.
A premium lifestyle community, Dubai Hills Estate will be set on prime land, spanning over 11 million square metres (2,700 acres) located centrally by the junction of Umm Al Sequim Road and Al Khail Road, 10 minutes driving time from Downtown Dubai, a joint statement said.
The project will host a series of neighbourhoods set around an 18-hole championship golf course. “Featuring vast stretches of landscaped parks and gardens, winding walkways and extensive open areas, Dubai Hills Estate will serve as a rejuvenating getaway in the heart of the city, with the rolling greens and fairways of the golf course assuring a serene ambience,” the statement said.
“Overlooking the golf course will be the stylish Dubai Hills gated villa community, with the opportunity for customers to design their luxurious homes to their bespoke considerations.”
Company officials said, master-planning of Dubai Hills Estate is progressing, with an emphasis on sustainability. The project is expected to generate long term wealth enhancement to the economic and social development of Dubai. It will also boost the tourism sector of the city, with its array of leisure amenities complementing MBR City’s objective of boosting family tourism.
“Dubai’s property sector is recording robust growth, led by the transformational growth of the city. MBR City is an ambitious undertaking, envisioned by His Highness Shaikh Mohammad Bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, to meet our future growth goals,” Abdulla Al Habbai, Group Chairman of Meraas Holding, said. “Our joint venture with Emaar Properties to develop Dubai Hills Estate will bring incredible value to the property sector of Dubai and the city’s economy.”
It will also feature an iconic commercial centre, and low-rise and mid-rise residences, hotels and serviced hotel apartments. The project will have high-end retail centres and varied leisure amenities. It will also include educational institutions, healthcare facilities and mosques.
