Deyaar signs deal with Dubai Maritime City
Dubai, May 21, 2014
Dubai-based property developer Deyaar has signed a deal with Dubai Maritime City to acquire 70,226.53 sq ft of land located at the Marina District within the zone, said a report.
The Marina District is one of the six distinctly purposed areas within Dubai Maritime City, which includes a cluster of mixed utility spaces, as well as a marina facility that is available for the charter and transit of yachts, said the Emirates 24/7 report.
The district includes a dry boat storage hangar, and can accommodate a transit system for ferries.
"The Dubai Maritime Zone holds a unique character unlike other developments in Dubai, and is all-inclusive that raises its appeal as a place to visit and live in. The plot is well-positioned and will give us an opportunity to build a beachside project, which is new to our portfolio," Saeed Al Qatami, chief executive officer, Deyaar, was quoted as saying.
Strategically located between Port Rashid and DryDocks World, Dubai Maritime City is connected by a causeway to the wider road network, providing access to all of Dubai's principle expressways including Sheikh Zayed Road, the report added.