Emaar has announced a new $20 billion (Dh73 billion) premium waterfront home development.
The Oasis by Emaar is a project that will have 7,000 residential units, including mansions and villas, and is located on the outskirts of the city.
The developer claims that it will have “awesome views of canals, lakes, and parks.”
Emaar did not disclose where exactly the project will be located other than it will be a 20-minute drive from Downtown Dubai.
“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,” said Emaar founder Mohamed Alabbar.
“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.”
At an event on Tuesday night at the Armani Hotel in Dubai, the project was unveiled.
According to a statement made on behalf of the developer, the project will “offer a prestigious and upscale living experience in Dubai’s real estate landscape”.
The land will be divided into a quarter that will be used for lakes, water canals, parks, jogging trails, green areas, and different opulent facilities.
Shah Rukh Khan, an Indian actor, attended the project’s launch on Tuesday night as a special guest.
“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,” Khan said.
“This is not unusual for Dubai, a great metropolis that has become one of the world’s most famous, elegant and advanced cities.”
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