#Dubai Holding Is Said Set to Unveil Mega Project This Week - Bloomberg

Dubai Holding Is Said Set to Unveil Mega Project This Week - Bloomberg:

Dubai Holding LLC, the investment firm owned by the emirate’s ruler, is set to announce a development close to its iconic Burj al Arab hotel, according to a person with knowledge of the plans.

Downtown Jumeira will include a 550 meter high tower called Burj Jumeira, the person said, asking not to be identified because the plans are private. The project could be announced as soon as this week and construction will start immediately, the person said.

The development in the Al Sufouh district of Dubai will include homes, office space, as well as hotels. The first phase is due to be completed in 2023, the person said. There have been previous attempts to develop the site.