Waterfront - Dubai, UAE:
Waterfront was being developed by Nakheel, The artificial islands would be formed to resemble the most widely recognized
symbol of Islam, the star and crescent, this would produce a shelter around the palm Jabel Ali.
Waterfront is planned add more than 70 kilometers to Dubai›s coastline and encompass an area of 1.4 billion square feet of
water and land developments. It is expected to house an estimated population of 1.5 million people.
Located near the new Al Maktoum International Airport, and with direct access to Sheikh Zayed Road, Jebel Ali Free zone.
The Waterfront project stalled with the onset of the global financial crisis and in 2009.
Tamaluk United Real Estate KSCC(WaterFront Real Estate) owns four plots in Waterfront as describe below:
11.4.2 |
WATERFRONT - DUBAI, UAE
Al-Mazaya Company Profile
| Mazaya Land Bank
Owner
Tamaluk United Real Estate KSCC
(WaterFront Real Estate)
Date of Investment
2008
Land Zone / Sector
Residential
Plot total Area:
• C10-C1
653,908 sqft
• C10-C2
653,908 sqft
• C10-D1
653,908 sqft
• C10-D2
653,908 sqft
Cost of Land:
• C10-C1
AED 143,859,760
• C10-C2
AED 143,859,760
• C10-D1
AED 143,859,760
• C10-D2
AED 143,859,760
Market Price as of 01 / 2013:
• C10-C1
AED 55,580,000
• C10-C2
AED 55,580,000
• C10-D1
AED 55,580,000
• C10-D2
AED 55,580,000
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