Emaar has announced a brand-new luxury waterfront property development worth $20 billion (Dh73 billion).
The Oasis by Emaar, a project on the outskirts of the city, will have 7,000 residential units, including palaces and villas.
According to the developer, it would provide “stunning views of canals, lakes, and parks.”
The only information Emaar provided about the project’s location was that it will be a 20-minute drive from Downtown Dubai.
“Our most recent integrated project, The Oasis by Emaar, is poised to complement the urban landscape of Dubai and redefine the future of luxurious living amidst nature and water, blending harmonious architecture and exceptional amenities,” said Emaar founder Mohamed Alabbar.
“Our primary objective is to design one-of-a-kind destinations that complement our clients’ opulent way of life while providing unmatched comfort and luxury.”
At an event on Tuesday night at the Armani Hotel in Dubai, the project was introduced.
The development will “offer a prestigious and upscale living experience in Dubai’s real estate landscape”, according to a statement on behalf of the developer.
The land will be divided into a quarter that will be used for lakes, water canals, parks, jogging trails, green areas, and different luxury facilities.
Shah Rukh Khan, an Indian actor, attended the project’s debut on Tuesday night as a special guest.
“Whenever Emaar presents us with an urban marvel, it immediately follows it with another new destination that is a masterpiece in and of itself, such as The Oasis by Emaar, which we are celebrating tonight,” he said.
“This is not unusual for Dubai, a great metropolis that has become one of the world’s most famous, elegant and advanced cities.”
