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Mohamed Alabbar

Emaar Properties eyes resort project in India

DUBAI, August 15, 2023

Emaar Properties, the Dubai-based leading developer, plans to announce a resort project in the next few months in the hills of India, Founder and Managing Director Mohamed Alabbar has been quoted as saying.
 
In an interview with Economic Times newspaper, he said he is “exploring quite seriously” the project. The location of the resort was not disclosed.
 
He also said the developer is open to taking on urban redevelopment projects in India. “We have done one such project in Turkey and delivered 8,000 homes. It was an incredible experience. I can assure you if I get a project like that in India, I can shock everyone and show how it is done,” Alabbar said.
 
The company is also working on a museum project in Gujarat, which is just at the beginning, Alabbar said.
 
He believes Emaar can repeat its success elsewhere in India's hospitality, residential and mall segments.
 
In March, Emaar said it will build a $60 million shopping and office complex in Indian Kashmir, which will include a shopping mall and multi-purpose commercial tower in Srinagar.
 
"The integration between UAE in general, specifically Dubai, and India is historic. The benefit of this long relationship really continues to grow. Dr Mahathir Mohamad (former Malaysian prime minister) said, look East, and where do we look in the East? Is there anything better, bigger, more stable, and keeps growing than India? There is nothing," Alabbar said in the interview.



Tags: Emaar | properties | Alabbar |

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