(MENAFN) Deyaar Development, a Dubai Financial Market-listed developer, plans to buy 70,226.53 square feet of land from Dubai Maritime City, according to the Emirates 24/7.
The land is located at the Marina District within the zone, which is one of the six distinctly purposed areas within Dubai Maritime City.
The Marina District includes a cluster of mixed utility spaces, as well as a marina facility that is available for the charter and transit of yachts.
Saeed Al Qatami, Chief Executive Officer, Deyaar said: "The Dubai Maritime Zone holds a unique character unlike other developments in Dubai, and is all-inclusive that raises its appeal as a place to visit and live in. The plot is well-positioned and will give us an opportunity to build a beachside project, which is new to our portfolio."