Emaar hardly needs any introduction to people. Known for some of the most fantastic and popular properties in the UAE, the good folks here are famous for some of the best development projects. And staying true to their developmental streak, Dubai’s master developer, Emaar Properties has now launched a new waterfront project called The Oasis by Emaar for a whopping AED73.4 billion. Here’s all you need to know about the launch project event that was attended by the Bollywood superstar, Shah Rukh Khan.
The Oasis By Emaar Launched In SRK’s Presence
Emaar Properties is one of the biggest developers in Dubai and now they have launched a massive waterfront project called The Oasis by Emaar. According to a report by Khaleej Times, this project is going to be built at a cost of AED73.4 billion and will be spread across a total land area of over 100 million square feet or 9.4 million square metres. As it happens, the launch event was also attended by the Bollywood superstar Shah Rukh Khan! At the event, the report also mentioned that it was unveiled that the property will provide 7,000 residential units. The focus will majorly be on large mansions and villas that will feature spacious plots, thereby providing residents with unprecedented views of the water canals, lakes, and parks.
Also Read: Fan Kisses Shah Rukh Khan In Dubai; Netizens Left Furious Want To “Put Her In Jail”
There Will Be A 1.5 Million Sq. Ft Retail Area
With the aim of creating a resort-style lifestyle, 25% of the land will be devoted to lakes, water canals, jogging tracks, green spaces, parks, and other luxurious amenities. As it happens, there is also a special emphasis on recreational spaces where residents will be able to enjoy a healthy lifestyle and a high-quality living environment. Moreover, it is also expected that this project will feature around 1.5 million square feet of retail area, which means it will be home to a wide range of lifestyle stores and many food & beverage outlets. While the exact location has still not been disclosed, it is expected that the project might be situated in the proximity of Academic City Road.
As this is one of the most awaited waterfront projects, one can expect that this will also be one of the largest development projects in the emirate.
Cover Image Courtesy: Twitter/emaardubai