Global asset management firm Brookfield has announced a partnership with Alshaya Group on an office, residential and retail space designed to transform Dubai Hills.
Brookfield, a Canadian global alternative asset management, has partnered with Alshaya Group on a pioneering project in Dubai Hills.
The 480,000sq ft mixed-use asset will have office and retail space, as well as build-to-rent residence that will be located in the heart of Dubai Hills. Alshaya Group will also establish its new UAE office on the new premises and include retail space showcasing some of Alshaya’s leading brands.
The project comes amidst growing market demand for lifestyle-oriented mixed-use environments in one of Dubai’s most plush districts. The new project benefits from its prime location, which is close to Dubai Hills Mall, King’s College Hospital, the Dubai Hills Golf Club and established residential neighbourhoods, that will make it a focal point in the local community.
John Hadden, CEO at Alshaya Group, expressed his delight at the joint venture and said it provided them with an opportunity to showcase some of their most ‘iconic brands’. “We are excited to announce the joint venture with Brookfield, as we continue to build our presence in the UAE with a new Regional Office in Dubai Hills, which will provide a fantastic environment for our colleagues and allow us to showcase our brands. Since our first store over 40 years ago, we remain committed to the UAE and look forward to developing this impressive, high-quality project providing retail, office and residential spaces with such a renowned name in the industry,” said Hadden.
