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Launched in October 2007, Wam reported the Dh60-billion signature development would be an equally-owned venture wherein Bawadi, a member of Tatweer, owned by Dubai Holding, would contribute 70 million square feet of land (worth Dh3.85 billion) in lieu of its ownership interest, whilst Emaar would contribute Dh3.85 billion in cash to the joint venture.

Bawadi in Dubailand, located in close proximity to Arabian Ranches, was envisaged as the longest chain of luxury hotels in the world along a 10-kilometre stretch which will add 51 luxury hotels and more than 60,000 rooms to Dubai. The highlight was the 6,500-room Asia Asia Hotel & Resort. (Source: Emirates 24|7.)

AWA Properties L.L.C
Real Estate Dubai
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