Business | Property
Nakheel, The Land Holding in joint venture project at Waterfront
Nakheel announced a Memorandum of Understanding (MoU) with The Land Holding (The Land) for a joint venture development project at Waterfront, the world's largest coastal development. The partnership agreement, the first between the two developers, was struck at Cityscape Dubai.
- Staff Report
- Published: 12:55 October 8, 2008
Dubai: Nakheel announced a Memorandum of Understanding (MoU) with The Land Holding (The Land) for a joint venture development project at Waterfront, the world's largest coastal development. The partnership agreement, the first between the two developers, was struck at Cityscape Dubai.
Karim Jabbour, CEO, The Land Holding, said: "The Land is delighted to be breaking new ground in Dubai with such a prestigious and respected developer as Nakheel. The Land is single-minded in its desire to strive for excellence in all our developments and believe that our partnership with Nakheel will enable us to continue delivery of our core values."
On completion, Waterfront will be twice the size of Hong Kong Island and add an extra 70km to Dubai's coastline. Sustainability is a core component in every aspect of the development's design and build.
Share this article
Gulf News classifieds
Popular in Business
Business Editor's choice
-
New law to protect investor rights
Dubai land department is studying legislation to protect property purchasers
-
Global Village
Revamped layout featuring four cultures to greet visitors this season
-
Cloud computing is here to stay
Managing security effectively is critical when sharing data over the internet
-
Banking
Mortgages: there's light at the end of the tunnel
UAE buyers are securing home loans again
