Retail giant Majid Al Futtaim on Thursday announced the launch of its flagship community in Dubai, Tilal Al Ghaf, revealing more details about the project.
The company said the mixed-use destination represents about AED14 billion ($3.8 billion) worth of investment over the next 10 years.
Authentic to the UAE culture, the community name – Tilal Al Ghaf – is inspired by the Ghaf tree which is a symbol of local heritage and sustainability.
Extensive plantings of indigenous Ghaf trees will be provided across the community to encourage a sense of connection to the national natural landscape, Majid Al Futtaim said.
“Tilal Al Ghaf represents the evolution of Majid Al Futtaim’s properties business in Dubai. Building on our long track record of creating leading destinations that integrate the company’s pioneering retail, hospitality, leisure and entertainment experiences, we are now introducing residential real estate to our customers in the emirate,” said Robert Welanetz, CEO of Majid Al Futtaim – Properties
Spanning three million square metres at the intersection of Hessa Street and Sheikh Zayed Bin Hamdan Al Nahyan Street, near Dubai Sports City, Tilal Al Ghaf is a phased project that will include more than 6,500 freehold homes when complete by 2027, ranging from apartments, townhouses and bungalows, through to substantial luxury villas.
Homes will be set in a series of walkable neighbourhoods connected by pathways, natural open spaces, and neighbourhood parks. Around 355,000 square metres of landscaped open space will include green spaces and play areas, 18km of walkable trails and 11km of cycling paths. More
By Staff arabianbusiness.com