Dubai Canal update: New retail area being developed

By Shuchita Kapur  www.emirates247.com

Retail space billboards being developed around the Dubai Canal are up. The boards, now clearly visible along Sheikh Zayed Road, show the retail project being developed jointly by Roads and Transport Authority (RTA), Meydan Group and Meraas Holding, with 8.2 million square feet of open space.

In 2013, it was announced that RTA had tied up with Meydan and Meraas to develop properties around Dubai Water Canal

Under the agreement, Meydan Group and Meraas Holding will undertake the construction of the real estate developments around the two banks of the Dubai Water Canal stretching from Business Bay district and crossing Sheikh Zayed Road up to Jumeirah Park with an extension to the existing park, it was announced.

The Dubai Water Canal project will develop over 14 million square feet of retail, dining, hospitality and residential lifestyle along an esplanade that borders a canal that connects Jumeirah Beach to Business Bay. More info

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