Abu Dhabi’s Aldar Plans $480 Million Project in Dubai Near Expo
- Aldar has partnered with Expo City Dubai in a joint venture
- The project will include homes, offices and retail locations
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Abu Dhabi’s largest property developer is planning a 1.8 billion dirham ($480 million) project that will include homes, offices and retail locations in neighboring Dubai as it aims to capitalize on rising demand in the Middle East’s tourism and business hub.
Aldar Properties PJSC has partnered with Expo City Dubai to build a community near Dubai’s new airport Dubai World Central, the company said in a statement on Thursday. The six-building project will be constructed on 103,000 square meters (1.1 million square feet) of land near the site where Dubai hosted the COP28 global climate summit and the Expo 2020 in Dubai. Aldar will also manage the facilities after the project’s completion.