What a pity for Dubai! The most glamourous beach in Dubai is closed so Dubai will never be RIO...
Dubai: Zabeel Investments has begun work on a new 4.5 million square foot coastal development on Jumeirah Beach in Umm Suqeim, a company statement said.
"The unique mixed-use development will comprise residential, commercial and hospitality facilities reflecting a beachfront lifestyle," it said.
Located on the prestigious stretch in Umm Suqeim, the development will cover both existing and reclaimed land and will overlook the Burj Al Arab located just down the coast.
"We are in the early stages of this development and will shortly announce details of the project when finalised," Mohammad Ali Al Hashimi, executive chairman of Zabeel Investments, said.
"We have appointed a renowned master planner and architect who is putting together final touches to plans that will be one of the best that Dubai has seen."
The development will add to the existing beachside environment, which is synonymous with new developments in the UAE.
"The new project will further extend Dubai's coastline and provide additional opportunities for the beachfront lifestyle," Hash-imi said.
Zabeel Investments has interests spanning private equity and asset management in the GCC and other markets. Its first project, Tiara Residence, is under construction on the Palm Jumeirah island.Gulfnews
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