Emaar launching USD 7 billion riviera-style destination in Dubai

Emaar launching USD 7 billion riviera-style destination in Dubai

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Emaar is building the world’s new sailing destination by the historic Dubai Creek near Bur Dubai/Deira. P&O Marinas, a subsidiary of global trade enabler DP World – UAE Region, has made the land available to Emaar and will continue to develop marinas and berthing facilities.

Emaar has announced the launch of ‘Mina Rashid,’ an AED 25 billion (USD 7 billion) investment to celebrate Dubai’s maritime heritage. With views of the Arabian Gulf and the Downtown Dubai skyline, here, discover a new definition of Riviera-style living.

‘Mina Rashid’ will have several exceptional features, including a few firsts in the city such as ‘The Dubai Mall by the Sea’ – an elite waterfront retail, dining and leisure destination; a floating yacht club; a pristine sandy beach of over 12,600 square metres – the size of about two-and-a-half football fields; and Dubai’s longest swimming pool, among others.

Adding a new address to the international yachting community, ‘Mina Rashid’ will have over 430 wet berths, several of which can accommodate the largest yachts in the world and will also catalyze cruise tourism.

Taking place of pride at ‘Mina Rashid’ is the QE2, the world’s most celebrated ocean liner – now a 13‑deck hotel, dining, entertainment and events destination – docked permanently, and offering visitors an interactive exhibition of its glorious heritage from the 1960s, sailing over 5.6 million miles and carrying over 2.5 million passengers.

With a choice of mid rise waterfront residences, ‘Mina Rashid’ will have promenades and a Venetian piazza with retail and F&B overlooking the sea. In addition are signature hotels, a private beach club, interconnected parks, a 500-meter long palm tree-fringed canal, art galleries, a theatre, museum and more. Mina Rashid will also be a modern link to the heritage of the city with a direct pedestrian bridge connecting the House of Sheikh Saeed Al Maktoum, thereby honouring the legacy of the Al Maktoum family, to a museum and theatre.

Mohamed Alabbar, chairman of Emaar Properties and Emaar Development, said: “For over two decades, we have worked tirelessly to contribute to the growth and evolution of Dubai as a global city that befits the vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, UAE Vice President, Prime Minister and Ruler of Dubai. Now, with Mina Rashid, we are creating a future-ready city that honors the legacy of the Al Maktoum family and salutes the farsighted vision of Dubai’s rulers who have consistently built – not for now and then, but for the future and beyond. The evolution of the city today as a knowledge-based economy, offering significant opportunities across all business sectors, drives demand for world-class developments that will further enhance economic growth.”

Sultan Ahmed Bin Sulayem, group chairman and CEO of DP World and Chairman of Ports, Customs & Free Zone Corporation, said: “P&O Marinas is keen to support Dubai’s economic growth and to realize the vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, UAE Vice President, Prime Minister and Ruler of Dubai, to diversify the economy and support the development of a range of economic sectors including trade and tourism. The new development of Mina Rashid will strengthen Dubai’s position as a global city and the premier cruise hub in the Middle East. Our venture with Emaar will contribute to the city’s cruise tourism and create another strong economic catalyst.”

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