#Dubai Holding to Develop Mega Project Near Burj Al Arab - Bloomberg

Dubai Holding to Develop Mega Project Near Burj Al Arab - Bloomberg:

Dubai Holding LLC, the investment firm owned by the emirate’s ruler, will develop an area close to its iconic Burj al Arab hotel.

Downtown Jumeira will include a 550 meter (1,640 foot) high tower called Burj Jumeira, the company said in a statement, confirming an earlier story by Bloomberg News. The construction will start immediately and the first phase of the development will be delivered in 2023.

The development in the Al Sufouh district of Dubai will include homes, office space, as well as hotels. Burj Jumeira will have multiple observation decks giving visitors a panoramic views of Dubai. There have been previous attempts to develop the site.