New freehold luxury residential project coming up in Jumeirah

Dubai Holding, a UAE investment conglomerate, has announced the launch of its 3.85-million-sq-ft luxury residential development, Madinat Jumeirah Living, that offers spacious, freehold units, all connected through shaded pedestrian walkways and jogging paths.

This pedestrian-centric, environment-friendly development has been designed with safety at its core, limiting car access to designated drop-off areas, basement and residents parking.

Strategically located opposite to Dubai’s most iconic landmark, Burj Al Arab, the new project is set to become a prestigious residential address in the emirate.

The project will break ground in 2019 and will be developed in phases.

The first phase of the development is expected to be completed within 30 months following the ground-breaking.

The project will boast several key facilities including gated residential clusters; community centre; community retail suite of concierge services; day-care centres; play areas, parks and open spaces; gyms and swimming pools; ample basement parking for residents; designated visitor parking besides an air-conditioned pedestrian footbridge directly connected to Madinat Jumeirah.

Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and chairman of Dubai Executive Council, visited the Dubai Holding stand after opening the 17th edition of the Cityscape Global 2018 today.

He was briefed on the Dubai Holding's project portfolio led by Madinat Jumeirah Living, a major landmark in Dubai’s prime Madinat Jumeirah district and the first freehold luxury residential development.

Dubai Holding is further consolidating its position in the vibrant Jumeirah district to drive forward the group's legacy of successful hospitality and tourism projects. These include Marsa Al Arab in addition to Jumeirah’s portfolio of landmarks led by Burj Al Arab, Al Qasr, Mina Al Salam, Dar Al Masyaf and Wild Wadi water park, said a top official.

"Madinat Jumeirah Living is a natural extension to the hugely successful entertainment, hospitality, retail, tourism and lifestyle proposition of the Madinat Jumeriah resort, which we have built and enhanced over the years," remarked Abdulla Ahmed Al Habbai, the chairman at Dubai Holding.

"Dubai Holding is now elevating the masterplan of the prime Jumeirah district, taking it further to both address the demand of luxury living and to fully realise its potential as a truly holistic and world-class destination," noted Al Habbai.

"Together with Marsa Al Arab, the new development enhances the Jumeirah area, and Dubai’s position as the leading lifestyle, tourism and investment destination. We remain committed to launching projects that are critical to Dubai’s vital growth sectors," he added.

Home to Dubai’s most famous coastline, the district remains one of the most sought-after areas for luxury tourism, living and investment in the Emirate.  

Al Habbai said the new project will mirror the look and feel of Madinat Jumeirah Resort, reflecting Dubai’s early cultural heritage. The development will be directly connected to Souq Madinat Jumeirah via an airconditioned pedestrian bridge, merging both destinations into one retail and residential offering.

To date, Madinat Jumeirah continues to be one of the most popular destinations in Dubai, welcoming over 2.8 million visitors in the first half of 2018 alone, he added

Editor's Note: This article was originally published in Trade Arabia on Wednesday October 3rd, 2018 http://bit.ly/TAJumeirah