By Andy Sambidge
Dubai Properties Group says logistics park plan under consideration for mixed-use district
Dubai Properties Group (DPG), the master developer of Dubailand, has said it is mulling plans to develop dedicated business hubs in the mixed-use district.
The developer said it was keen to build on "a marked increase in investor demand" in Dubailand, driven by strong market growth and positive investor engagement ahead of the World Expo 2020.
To complement Dubailand's residential component, DPG said it is now keen to evaluate the potential for developing dedicated business hubs to service key industries within Dubai.
Included in the plans is a business park for the logistics industry, the company said in a statement.
Khalid Al Malik, Group CEO of DPG, said: "Our priority is to continue developing key destinations and districts that support the growth of Dubai.
"Now, with the possibility of Dubai hosting the World Expo in 2020, the market trend for growth and investor demand in our key districts across Dubai has been further enhanced."
He added: "Dubailand is an important district for DPG, and the current interest we are receiving from investors will lead to its continued development and growth, ensuring Dubailand caters to the increasing number of residents and visitors expected in Dubai over the coming years."
The developer added that with Dubai expected to see a surge in international tourist traffic, Dubailand's entertainment and leisure offering is also growing to meet the increased demand.
Work has started on Diamond Developers' The Sustainable City development, set to be the first net zero energy city in Dubai, while work at IMG Worlds of Adventure theme park is also progressing and phase two of Akar's eco-tourist attraction 'Miracle Garden' set to open soon.
Other new projects planned for Dubailand include the district's first hotel which is set to open by mid-2014, a new British curriculum school Safa British Academy and a FIFA approved football complex.For all the latest real estate news from the UAE and Gulf countries, follow us on Twitter and Linkedin, like us on Facebook and subscribe to our YouTube page, which is updated daily.