Mohamed Alabbar, Chairman of Emaar Properties, and Ahmad Bin Byat, Chief Executive Officer of Dubai Holding, today unveiled the joint venture's masterplan of The Lagoons, a magnificent waterfront city within Mohammed Bin Rashid City (MBR City), inspired and built by the banks of the Dubai Creek, at Cityscape Global, the premier property exhibition. The mega-development for tomorrow’s youth is spread over an area of 6 million sq m (over 1,482 acres).
In a joint statement, Mohamed Alabbar and Ahmad Bin Byat said: “The spectacularly designed project underlines the vision of His Highness Sheikh Mohammed Bin Rashid Al Maktoum, UAE Vice President and Prime Minister and Ruler of Dubai, to develop world-class urban projects that further establish Dubai as a global city of the future. The project gives a significant boost to Dubai’s economy by creating another dynamic urban hub that energises the property, retail and tourism sectors. It will create new jobs and strong business opportunities for our youth to prosper.”
At the heart of the project is The Dubai Twin Towers, a two-pronged mixed-use development that defines a new skyline for the city, and is envisaged to join the rank of the world’s most prestigious skyscrapers.
The fully integrated community brings a new aspirational lifestyle with a central business district, an entrepreneurial zone, cultural amenities, residences, premium and affordable luxury hotels, educational facilities, healthcare centres, a waterfront shopping mall and a wide range of leisure choices. All these key components of this world-class development are designed as inter-connected districts, around waterfronts and green boulevards.
The project stretches from the banks of the Dubai Creek, through central parcels of land linked to Al Khail Road and across Ras Al Khor. It serves as a modern architectural continuum from Dubai Creek to the modern business and lifestyle centres of the city today. The distinguishing feature of the development is its focus on creating distinctive neighbourhoods, which are pedestrian friendly. It will be supported by several sustainable transport modes including a direct link with Dubai Metro’s Red and Green Lines, an eco-tram system, light monorail, and water taxis.
The sweeping waterfront of the project lined by retail, commercial and residential zones will be built around two central parks. The ‘green’ theme will further resonate in several environmental-friendly features including eco-resorts, water features, and gardens. A number of small marinas will also be developed across the waterfront, providing the entire spectrum of lifestyle choices for residents and visitors.