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Desert Dream Gets Spot for $1.7B Tower Project

DUBAI, UAE-Desert Dream Real Estate will build a 48-story residential tower, with high-end retail, in Nakheel's Waterfront development.

By Connie Gore | Updated on August 13, 2008

DUBAI, UAE-Desert Dream Real Estate & Investments LLC is poised to unveil plans for a $1.7-billion residential tower in Nakheel’s Waterfront development. A private launch party will be held tomorrow.

Based on Internet research, the Desert Dream plans to build a 48-story tower in Nakheel’s Waterfront, which is under construction. The development represents 65% of the developer’s land bank and the last 15 km of natural coastline of western Dubai. Waterfront is considered largest master-planned waterfront development in the Middle East. Its Waterfront City will have 12.2 million m2 [131.3 million sf] at completion in 2018 and flanked by five mixed-use districts, each ranging from roughly 810,000 m2 [8.7 million sf] to five million m2 [53.8 million sf].

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