BT to launch major project in Dubai
Pakistan’s largest private property developer signs landmark agreement with Dubai South.
Pakistan’s real estate industry entered a new era on Wednesday as its leading developer Bahria Town (Pvt) Ltd became the country’s first to launch a major international project in Dubai.
In a landmark development, BT Holding LLC – Pakistan’s largest private property developer – signed an agreement with Dubai South for the development of a gated-master community within Dubai South’s Golf District.
The agreement was signed by Khalifa Al Zaffin, Executive Chairman of Dubai Aviation City Corporation and Dubai South, and Ahmed Ali Riaz Malik, Group Chief Executive Officer of BT Properties Dubai, in the presence of Nabil Al Kindi, CEO of Dubai South Properties, Malik Riaz Hussain, Founder and Chairman of Bahria Town, as well as other senior executives from both entities.
Dubai South is the emirate’s largest master-planned urban project, which includes mixed-use and residential communities. It is also home to Al Maktoum International Airport, set to become the world’s largest upon completion.
BT’s master community will feature villas, townhouses, apartments, educational facilities, hospitals, retail spaces, mosques, and entertainment venues. It will also include green spines, water streams, a central park, dancing fountains, iconic monuments, wide boulevards, and numerous other attractions, offering a serene yet vibrant living experience.
“We are pleased to sign this agreement with one of the most reputable developers in Asia,” Khalifa Al Zaffin said in his comments on the agreement.
“Dubai South is poised to become the city of the future, and the increasing demand for properties in the area underscores its immense potential in the years ahead."
"We remain steadfast in our commitment to supporting the government’s vision of attracting 1 million residents to Dubai South upon the completion of Al Maktoum International Airport. This unique project, which reiterates Dubai’s appeal to global investors, will set new benchmarks in luxury community living and meet the expectations of discerning investors and residents alike.”
Malik Riaz Hussain, the chairman of Bahria Town, said with its rapid growth and global prominence, Dubai represents a key market for the company’s international expansion.
“We are thrilled to partner with Dubai South to launch a master development that embodies the essence of a forward-thinking and progressive community."
"Leveraging our extensive expertise in developing vast, master-planned communities across hundreds of square kilometers in Pakistan, we are eager to replicate this success in Dubai by creating a holistic, self-sustaining community. We look forward to work closely with Dubai South to transform this ambitious vision into reality,” he said.
Dubai South was launched as a Dubai Government project in 2006, representing an emerging 145 square-kilometer, master-planned city. Positioned as a global commercial and residential hub and a major contributor to the social and economic growth of Dubai and the United Arab Emirates, Dubai South offers business-friendly free-zone benefits and a living environment with a diverse range of mixed-use and residential communities to suit different lifestyles.
This project underscores Bahria Town’s reputation for innovation and excellence, showcasing the potential of Pakistani real estate developers on the global stage, the company said.
With decades of experience delivering state-of-the-art communities in Pakistan, Bahria Town aims to contribute to Dubai’s booming real estate market while setting new standards for international property development.
The company says this venture further underscores its reputation for innovation and excellence while showcasing the potential of Pakistani real estate developers on the global stage.
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