X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

DUBAI, UAE-Desert Dream Real Estate & Investments LLC is poised to unveil plans for a $1.7-billion residential tower in Nakheel’s Waterfront development. A private launch party will be held tomorrow.

Based on Internet research, the Desert Dream plans to build a 48-story tower in Nakheel’s Waterfront, which is under construction. The development represents 65% of the developer’s land bank and the last 15 km of natural coastline of western Dubai. Waterfront is considered largest master-planned waterfront development in the Middle East. Its Waterfront City will have 12.2 million m2 [131.3 million sf] at completion in 2018 and flanked by five mixed-use districts, each ranging from roughly 810,000 m2 [8.7 million sf] to five million m2 [53.8 million sf].

Waterfront’s newest tower project, Dream Harbour, will overlook Palm Jebel Ali and the Arabian Gulf. Desert Dream’s project will include retail. Kamal Agostine of Agostine & Raphael of Dubai is the project architect, designing a tower to LEED Gold standards.

Dream Harbour will sit in the Madinat Al Arab district, the Waterfront’s phase one. The district is slated for completion in 2015.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

GlobeSt. APARTMENTS SPRING 2021Event

Join 1000+ of the industry's top owners, investors, developers, brokers & financiers at THE MULTIFAMILY EVENT OF THE YEAR!

Get More Information
 

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.