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Dubai Properties Group (DPG), a member of Dubai Holding, has finalised a land transaction in its DUBAILAND district with Emaar Properties PJSC (Emaar), the global property developer.
The plot is located on Al Qudra road adjoining the Arabian Ranches development, Emaar’s fully-established master-planned community and will be developed by Emaar as a mixed-use neighbourhood.
The agreement, which was finalised between DPG’s GCEO Khalid Al Malik and Emaar’s Managing Director, Ahmad Al Matrooshi, is testament to DPG’s continued success in attracting third parties to develop in what has become a growing entertainment, leisure and residential district of Dubai.
Speaking on the transaction, Khalid Al Malik, DPG GCEO, said: “I am pleased to have signed this agreement with Emaar, which is a sign of confidence in the attractiveness of DUBAILAND as an investment opportunity. We currently have a strong pipeline of investor projects, and we will continue to work with our partners to further develop and enhance services for the benefit of both residents and visitors.”