Emaar announces Dh73 billion project; Bollywood superstar Shah Rukh Khan attends launch

Dubai’s master developer Emaar Properties on Wednesday launched a huge waterfront project – The Oasis by Emaar – at a cost of $20 billion (Dh 73.4 billion).

Spread over a total land area of more than 100 million square feet or 9.4 million square meters, it will be one of the largest developments in Dubai, providing 7,000 residential units focusing on large mansions and villas with spacious plots, providing residents with views of water canals, lakes, and parks.

The project was launched in the presence of Bollywood superstar Shah Rukh Khan.

"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. 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.

The development is designed to create a resort-style lifestyle, with 25 per cent of the land dedicated to lakes, water canals, parks, jogging tracks, green spaces, and various luxury amenities. This emphasis on recreational spaces allows residents to enjoy a high-quality living environment and engage in an active and healthy lifestyle.

The project will also feature a 1.5 million square feet retail area, hosting a wide array of lifestyles and a variety of food and beverage outlets. The Oasis by Emaar 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.

The company didn't disclose the exact location, however, the industry sources claim that the project is located in the vicinity of Academic City Road.

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