Dubai plans massive $20B development

From the New York website: A development firm controlled by Dubai’s ruler announced plans today for a massive mixed-use development, creating thousands of new homes and hotel rooms.

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Dubai Holding, the developer, unveiled “Jumeriah Central” and announced that construction will begin next year along the city’s main artery, Sheikh Zayed Road, according to US News & World Report. The project will rise across from the Mall of the Emirates – known for its indoor ski slope.

Plans call for 11,000 residential units, three shopping malls and several hotels, offices and entertainment. [US News]Christopher Cameron