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Emaar agrees with Dubai Municipality to develop Al Mamzar beachfront project

: Wednesday, May 14 - 2014 @ 10:20

Emaar Properties has signed a memorandum of understanding with the municipality of Dubai to develop a mixed-use beachfront lifestyle development around the 53-hectare Al Mamzar Lake. According to the agreement, Emaar is to conduct feasibility studies and submit a detailed project report outlining the development potential to the civic body. Following approval of the masterplan, the two parties will finalise the project management structure.

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Wednesday, May 14- 2014 @ 10:20 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

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