UAE property firm Deyaar on Wednesday unveiled its largest real estate project to date, a 2 billion dirham ($544.5 million) residential development in one of Dubai’s media free zones.
The development will be located on the edge of International Media Production Zone (IMPZ), on the outskirts of the city along Emirates Road.
Deyaar said project will be developed on a stretch of 40 plots spanning just under 20 acres.
Construction is expected to begin later this year, it said.
IMPZ is being developed by Tecom Investments, a member of state-owned Dubai Holding, and is being marketed as a media production hub for industries such as graphic art, publishing and packaging.
Tecom is also responsible for Dubai Media City (DIC) and Dubai Media City (DMC).
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