A new 150-tower downtown Dubailand project, Majan, was announced earlier this week by real estate development company Tatweer.
The mixed use freehold development project is poised to drive Dh15 billion investment in three years, according to Khaleej Times.
Majan is spread over 16.5 million square feet and will encompass residential, commercial, retail, leisure and cultural sectors. While 32 per cent of the area will comprise residential units, 44 per cent will be dedicated for retail and entertainment, and 24 per cent for commercial units.
Majan is the first project undertaken by Mizin, which was set up two months ago by Tatweer.
"In addition, Mizin is placing a special effort to make sure that Majan will introduce new standards of execution and delivery. A total of 150 towers will shape the Majan skyline," sated Saeed Al Muntafiq, CEO of Tatweer.
