By Shereen El Gazzar www.thenational.ae
Emaar Properties yesterday signed a deal with Dubai World Central to develop a residential project where Expo 2020 will take place.
The new development will be built on an area of 13.63 million square metres, Emaar said.
The first phase of the Dubai project will include a villa community by a golf course, several hotels and a mall, the developer added.
“[Expo is] expected to welcome more than 25 million visitors during the six months’ period. It is important that the city further builds its retail, hospitality and residential facilities to meet the anticipated demand,” said Mohamed Alabbar, the chairman of Emaar.
Jones Lang LaSalle said in a report that the Expo 2020 win would likely be a catalyst to Al Maktoum International Airport, which started its passenger services in October. More info
