Emaar unveils $20-billion luxe project in Dubai

Bollywood superstar Shah Rukh Khan was the guest of honour at the event.

June 15, 2023: Emaar Properties launched its new luxe project, The Oasis by Emaar, at a gala event on June 14 at the Armani Hotel in Burj Khalifa, Downtown Dubai. The launch of the company’s latest waterfront luxury project gala event saw the presence of superstar Shah Rukh Khan, among others.

 

Emaar unveils $20-billion luxe project in Dubai

Source: Emaar

 

“The Oasis by Emaar is one of the largest and most prestigious developments in Dubai, covering a total land area of more than 100 million square foot. With a total development value of $20 billion, the development boasts exceptional architectural design by the world’s most famous architects, with interiors created by prominent international designers,” the company said in a statement.

The project offers over 7,000 residential units, “focusing on large mansions and villas with spacious plots, providing residents with stunning views of water canals, lakes and parks”.

The development is designed to create a resort-style lifestyle, with 25% of the land dedicated to lakes, water canals, parks, jogging tracks, green spaces and various luxury amenities.

“The project is situated in a prime location within Dubai, surrounded by high-end developments. It offers proximity to four international golf courses, allowing residents to indulge in their passion for golf. The development is conveniently located just a 20-minute-drive from downtown Dubai, providing easy access to the city’s vibrant attractions,” the company said.

The Oasis by Emaar will also feature an expansive 1.5-million-sqft retail area, hosting a wide array of lifestyle brands and offering residents access to superior shopping options. There will be a variety of food and beverage outlets, ensuring a diverse culinary scene to cater to different preferences.

Commenting on the new development, founder of Emaar Mohamed Alabbar said, “In each of its destinations, Emaar strives to meet the needs of our discriminating clientele. Our primary objective is to design one-of-a-kind destinations that complement our clients’ opulent way of life while providing unmatched comfort and luxury. Our most recent integrated project, The Oasis by Emaar, is poised to complement the urban landscape of Dubai and redefine the future of luxurious living amidst nature and water, blending harmonious architecture and exceptional amenities.”

 

Emaar unveils $20-billion luxe project in Dubai

Source: Emaar

 

“Whenever Emaar presents us with an urban marvel, it immediately follows it with another new destination that is a masterpiece in and of itself, such as The Oasis by Emaar, which we are celebrating tonight. This is not unusual for Dubai, a great metropolis that has become one of the world’s most famous, elegant, and advanced cities,” Khan said. 

Emaar Properties PJSC, listed on the Dubai Financial Market, is a global property developer and provider of premium lifestyles, with a significant presence in the Middle- East, North Africa and Asia. One of the world’s largest real estate companies, Emaar has a land bank of 1.7 billion sqft in the UAE and key international markets. Burj Khalifa, a global icon, The Dubai Mall, the world’s most-visited retail and lifestyle destination, and The Dubai Fountain, the world’s largest performing fountain, are among Emaar’s trophy destinations.

(Header image: Emaar)

 

Got any questions or point of view on our article? We would love to hear from you. Write to our Editor-in-Chief Jhumur Ghosh at jhumur.ghosh1@housing.com

 

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