DUBAI, UAE; October 8, 2013: Mohamed Alabbar, Chairman of Emaar Properties, and Ahmad Bin Byat, Chief Executive Officer of Dubai Holding, today unveiled the awe-inspiring 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. A design masterpiece, the mega-development for tomorrow’s youth is spread over an area of 6 million sq metres (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.”
The fully integrated community brings a new aspirational lifestyle, and features The Dubai Twin Towers, an iconic mixed-use development, in addition to 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. 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.