Dubai-based retail and leisure developer Majid Al Futtaim revealed plans at Cityscape Global 2017 to develop a new mixed-use community in Dubai, Invest-Gate reports.
The community will comprise premium quality homes developed in distinct yet connected neighborhoods, in addition to featuring seamless integration of greenery and public spaces to encourage social interaction and well-being, a company statement revealed.
Majid Al Futtaim is currently in talks with leading global and regional contractors to unveil the project’s master plan in the first half of 2018.
The development will feature Majid Al Futtaim’s retail, leisure and entertainment facilities.
“The project is expected to be funded in line with the company’s prudent financial management, and consistent with its BBB credit rating levels.” according to a statement by the developer.