Dubai Holding to Develop Mega Project Near Burj Al Arab
- Downtown Jumeira project construction will start immediately
- First phase of construction is due to be completed by 2023
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Dubai Holding LLC, the investment firm owned by the emirate’s ruler, will develop an area close to its iconic Burj al Arab hotel.
Downtown Jumeira will include a 550 meter (1,640 foot) high tower called Burj Jumeira, the company said in a statement, confirming an earlier story by Bloomberg News. The construction will start immediately and the first phase of the development will be delivered in 2023.