Dubai Property Revival Gathers Pace as Emaar Starts Projects
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Emaar Properties PJSC started two new projects and began expansion of its flagship shopping mall as the developer of the world’s tallest tower leads companies seeking to benefit from a rebound in Dubai’s real-estate market.
Emaar is partnering with Meraas Holding to build the 11 million square-meter Dubai Hills Estate, a mixed-use project featuring an 18-hole golf course. It’s also in the final stages of talks with Dubai Holding LLC, owned by ruler Sheikh Mohammed Bin Rashid Al Maktoum, to develop the 6.5 million square-meter Dubai Creek Harbor project, according to a company statement.