Emaar agrees with Dubai Municipality to develop Al Mamzar beachfront project

May 14, 2014 10:20 am

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.