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Nakheel
has 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 some 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.
H.H. 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 per cent to select investors. Sultan Ahmed Bin Sulayem, Executive
Chairman, Nakheel, 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
creates a destination like nowhere else.”
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