Sheikh Mohammmed announces the launch of Dubai
Waterfront, the world's largest waterfront development
81 million square metre beachfront development destined to
be an international landmark.
29th Jan. 2005, Dubai, UAE - Under the direction of Sheikh Mohammed
Bin Rashid Al Maktoum, Crown Prince of Dubai and UAE Minister
of Defence, Nakheel debuted its investor launch of the unparalleled
Dubai Waterfront, an 81 million square metre beachfront mixed use
destination which encompasses over 250 best of breed master
planned communities and offerings.
Destined to become an international landmark, Dubai Waterfront is
the world's largest waterfront offering, and is located 35 km south
west of Dubai, bordering Abu Dhabi, on the last remaining coastal
waterfront of the Emirate. Considered the New Gateway of Dubai,
Dubai Waterfront has been carefully crafted and developed by
an international consortium of the world's best architects, planners
and urban developers assembled by Nakheel in 2004, whose goal was
to create a destination never before seen in Dubai, or the world.
Sheikh Mohammed Bin Rashid Al Maktoum, Crown Prince of Dubai and
UAE Minister of Defence said, "Dubai Waterfront centres around
water, something we consider perpetually valuable and precious.
It is an unprecedented advancement and a world-class addition
to Dubai, one which will create long term growth and investment
for the UAE and the wider region. We're inviting developers to
benefit by being partners with Nakheel."
Dubai Waterfront forms the first phase of a larger effort, the Arabian
Canal,a 75 km development envisioned by H.H. Sheikh Mohammed.
The first phase of Dubai Waterfront will focus on Madinat Al Arab,
a thriving urban downtown metropolis, including Al Burj, one of the
world's tallest buildings.
Nakheel has created Dubai Waterfront Company, and will be the majority
owner, offering 49% to select investors. Executive Chairman of Nakheel,
Sultan Bin Sulayem said, "With Dubai Waterfront, Nakheel has raised the
bar to a never before seen level. We are proud to help realise
Sheikh Mohammed's vision for the Arabian Canal, with this first phase,
Dubai Waterfront. It is destined to become a landmark for Dubai,
one which will attract tourists, residents, and businesses, and create
a destination like nowhere else."
Website: www.thedubaiwaterfront.com