Dubai Festival City delegation explores industry trends and partnerships
A delegation from Dubai Festival City, the Middle East's largest mixed-use real estate project being developed on the banks of Dubai Creek, is this week attending the world's leading international real estate event.
The delegation has traveled to Cannes, France, to attend MIPIM, which runs at the city's Palais des Festivals until March 7. "With real estate exhibitors from 65 countries taking part, MIPIM gives us an ideal opportunity to nurture and create possible future cross-border partnerships and examine the latest industry trends," explained Lee Tabler, chief executive officer, Dubai Festival City LLC.
MIPIM is the sister event of MAPIC, the global retail industry trade show which was held in Cannes last November and at which Dubai Festival City launched the masterplan development onto the international arena. The masterplan spans 15 distinct communities encompassing retail, residential, leisure, entertainment, dining and office components. "The project is over three times the size of Monaco and in terms of scale and scope is unique in the region, if not the world," said Tabler.
Work on the 18-hole recreational golf course at Dubai Festival City is well underway with the first residential show-houses due for completion later this year. The course, designed by Robert Trent Jones II LLC, is scheduled to be open for play in early 2004.
Dubai Festival City is being developed on 1,600 acres on the banks of Dubai's historic Creek. Comprising 15 distinct development zones, Dubai Festival City is a property development by the Al-Futtaim Group and is the Middle East's largest mixed-use real estate project.
The privately funded property will comprise a unique mix of entertainment, dining, shopping, edutainment, sport and leisure facilities, automotive dealerships, hotels, a marina, residential and office components. — (menareport.com)
© 2003 Mena Report (www.menareport.com)
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