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Monday, 5 September 2016

Emaar partners with Dubai South for new development near Al Maktoum airport | The National

Emaar partners with Dubai South for new development near Al Maktoum airport | The National:

"Emaar Properties and Dubai South are partnering to build Emaar South, a new 7-square-kilometre development near Al Maktoum International Airport, which will be financed by a mix of equity, debt and pre-sales, officials said.

Mohamed Alabbar, the chairman of Emaar Properties, and Khalifa Al Zaffin, the executive chairman of Dubai Aviation City Corporation and Dubai South, declined to give a timeline or cost for the project, which will be split 50-50.


The first phase of the project will take about four years to complete, they said, without giving further details."



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