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28 March 2024

Meraas, Emaar joint venture to develop golf community in MBR City

Abdulla Al Habbai, Group Chairman of Meraas Holding, and Mohamed Alabbar, Chairman of Emaar Properties, announce the new joint venture to develop Dubai Hills Estate, the first phase of the Mohammed Bin Rashid City (MBR City) (SUPPLIED)

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By Staff

Meraas Holding, a Dubai-based development company, and Emaar Properties, Dubai’s largest developer, have formed a joint venture to develop Dubai Hills Estate, a master-planned community, in the first phase of the mega Mohammed Bin Rashid City (MBR City) development.

A premium lifestyle community, Dubai Hills Estate will be set on prime land, spanning over 11 million square metres (2,700 acres) located centrally by the junction of Umm Al Sequim Road and Al Khail Road, 10 minutes driving time from Downtown Dubai, a joint statement said.
 
The project will host a series of neighbourhoods set around an 18-hole championship golf course. Featuring vast stretches of landscaped parks and gardens, winding walkways and extensive open areas, Dubai Hills Estate will serve as a rejuvenating getaway in the heart of the city, with the rolling greens and fairways of the golf course assuring a serene ambience. Overlooking the golf course will be the stylish Dubai Hills gated villa community, with the opportunity for customers to design their luxurious homes to their bespoke considerations.
 
“Dubai’s property sector is recording robust growth, led by the transformational growth of the city. MBR City is an ambitious undertaking, envisioned by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, to meet our future growth goals,” said Abdulla Al Habbai, Group Chairman of Meraas Holding.
 
“Our joint venture with Emaar Properties to develop Dubai Hills Estate will bring incredible value to the property sector of Dubai and the city’s economy.”
Mohamed Alabbar, Chairman of Emaar Properties, said: “ MBR City is redefining the concept of urban development with a firm focus on the emerging needs of the city, as Dubai further underlines its position as a global business and leisure hub. Our plan is to work with Meraas to build a new world-class community that will appeal to discerning customers.”
 
The project will feature an iconic commercial centre, and low-rise and mid-rise residences, hotels and serviced hotel apartments. The project will have high-end retail centres and varied leisure amenities. It will also include educational institutions, healthcare facilities and mosques.
 
The master-planning of Dubai Hills Estate is progressing, with an emphasis on sustainability. The project is expected to generate long term wealth enhancement to the economic and social development of Dubai. It will also boost the tourism sector of the city, with its array of leisure amenities complementing MBR City’s objective of boosting family tourism.
 
MBR City, the multi-billion-dollar mega project, was launched in November last year. It will include the world's largest shopping mall, a family centre for leisure and entertainment set up in collaboration with Universal Studios, a public park larger than Hyde Park, with over 100 hotel facilities.
 
Meraas is the developer of projects such as The Pearl Jumeira, an exclusive residential development by the Arabian Gulf; The Avenue, a vibrant, award-winning retail destination; The Beach, a leading retail and entertainment destination; Blue Waters, a world-class entertainment destination encompassing Dubai Eye, the largest observation wheel in the world; and Island 2, a luxury island destination including a high-end branded five star resort.
 
Emaar is the developer of Burj Khalifa, the world’s tallest building, and The Dubai Mall, the world’s largest shopping and entertainment destination, set in the 500-acre Downtown Dubai development. The company is also the pioneer of master-planned communities in Dubai having handed over more than 33,500 homes in  developments such as Emirates Living, Dubai Marina and Arabian Ranches and other key international markets.