Mohamed Alabbar, Chairman of Emaar Properties, and Ahmad Bin Byat, Chief Executive Officer of Dubai Holding, unveiled the joint venture’s masterplan last week Tuesday in Dubai.
The 6 million sq m (over 1,482 acres) waterfront development, which is expected to provide business opportunities for Dubai’s youth, is slated for construction along the banks of Dubai Creek, stretching from land linked to Al Khail Road and across Ras Al Khor.
Not only large in span, The Lagoons will host a smorgasbord of new business, cultural and retail facilities, including a massive waterfront shopping mall and healthcare facilities. Linked via a series of “green boulevards,” these interconnected districts will have at their core two new twin towers.
“The spectacularly designed project underlines the vision of His Highness Sheikh Mohammed Bin Rashid Al Maktoum, UAE Vice President and Prime Minister and Ruler of Dubai, to develop world-class urban projects that further establish Dubai as a global city of the future,” said Mohamed Alabbar and Ahmad Bin Byat in a joint statement.
“The project gives a significant boost to Dubai’s economy by creating another dynamic urban hub that energises the property, retail and tourism sectors. It will create new jobs and strong business opportunities for our youth to prosper.”
Apart from eco-resorts, which we all know are never really eco in the first place, and water features and lush landscaped spaces that are not necessarily ecologically-sensible in the desert, the project does have at least one green attribute: it will be designed as a pedestrian-friendly mixed-use development linked to both the red and green metro lines.
An eco-tram, light monorail, and water taxis will provide additional, sustainable transportation.