Deyaar plans Dubai Maritime City development

Posted on 21st May 2014

Deyaar Development signed a deal with Dubai Maritime City to acquire 70,226.53 square feet of land located at the Marina District within the zone.

Saeed Al Qatami, Chief Executive Officer, Deyaar said: “The Dubai Maritime Zone holds a unique character unlike other developments in Dubai, and is all-inclusive that raises its appeal as a place to visit and live in. The plot is well-positioned and will give us an opportunity to build a beachside project, which is new to our portfolio.”

Khamis Juma Buamim, Chairman of Dubai Maritime City, said: “We have been attracting high interest from top developers in the region. Since the Expo 2020 announcement, Dubai has seen a jump in leisure maritime activities. The Dubai Maritime Zone aims to develop an infrastructure that can support and promote this sector. We are confident that Deyaar will help us take this vision forward.”

The Marina District is one of the six distinctly purposed areas within Dubai Maritime City, and includes a cluster of mixed utility spaces, as well as a marina facility that is available for the charter and transit of yachts. The district includes a dry boat storage hangar, and can accommodate a transit system for ferries. The Marina District has been conceptualised as a leisure and entertainment hub within the zone, featuring a wide selection of restaurants, a four-star hotel, waterfront retail outlets, and other community amenities.

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