Dubai: Dubai Properties Group (DPG), a member of Dubai Holding, has finalised a land transaction in its Dubailand district with Emaar Properties PJSC (Emaar).
The plot is located on Al Qudra road adjoining the Arabian Ranches development, Emaar’s fully-established master-planned community and will be developed by Emaar as a mixed-use neighbourhood.
The agreement, which was finalised between DPG’s Group CEO Khalid Al Malik and Emaar’s Managing Director, Ahmad Al Matrooshi. “I am pleased to have signed this agreement with Emaar, which is a sign of confidence in the attractiveness of Dubailand as an investment opportunity. We currently have a strong pipeline of investor projects, and we will continue to work with our partners to further develop and enhance services for the benefit of both residents and visitors,” said Al Malik
“We hope to be a supportive partner for the ambitious projects that are aligned with Dubai Government’s vision. Arabian Ranches is one of the most sought-after residential developments of Emaar which witnesses among the highest increase in rental and sale prices in Dubai. The new project will further enhance Emaar’s offering at Arabian Ranches, resulting in further positive impact on the development,” said Al Matrooshi
