Emaar Properties, yesterday, launched Dawahi Development, its new wholly-owned subsidiary, and a next-generation developer of value-housing projects within full-service community developments.
Launched under guidance and support of H.H. Sheikh Mohammed bin Rashid Al Maktoum, the Vice President and Prime Minister of UAE and Ruler of Dubai, the Dawahi Development is the region’s leading developer of integrated communities ideally suited for Arab youth and their families.
Dawahi Development will develop affordable homes at attractive rates in major emerging markets across the MENA region, while also creating strong employment and business opportunities for local population.
The Chairman of Emaar, Mohamed Alabbar, revealed that the UAE’s current position as a developmental leader and Dubai's positive role both at regional and international levels has been due to the strong inspirational futuristic vision of H.H. Sheikh Mohammed.
The Dawahi Development has helped in creating a new category of homes and communities, which offer value to young families. This new category has been defined as the mid-price point housing, Alabbar said.
The value housing projects have been considered as modern, full-service communities, featuring a range of lifestyle amenities and utilities. The Dawahi Development’s communities will include healthcare centres, educational institutions, restaurants, retail outlets, community and sports centres, Mosques, and leisure options.
Emaar, in its statement, confirmed that Dawahi Development will function as a separate entity with a dedicated management team and professional staff members, focusing on value-housing projects throughout the Arab region.