Global Partners Limited and Mirage Leisure Begin Ambitious Development in Dubai Healthcare City
Dubai, UAE
In a significant step forward for Dubai’s rapidly evolving real estate landscape, Global Partners Limited, a Dubai Financial Services Authority (DFSA)-regulated alternative investment manager, has entered into a Letter of Agreement (LOA) with Mirage Leisure and Development. This collaboration aims to establish a transformative mixed-use lifestyle development within the second phase of Dubai Healthcare City, a strategic initiative positioning Dubai as a hub for healthcare and wellness.
The formalization of the LOA, which took place in the presence of industry leaders including Martin Linder, Managing Partner and CEO of Global Partners, along with Bader Saeed Hareb, the Managing Partner of Global Partners and Executive Chairman of Global Partners Property Fund II (GPPFII), was a noteworthy occasion. Amar Tahilani, the CEO of Mirage, was also in attendance, underscoring the importance of partnerships in delivering innovative real estate solutions.
“This collaboration with Global Partners marks a significant milestone for Mirage,” stated Amar Tahilani. “As we continue to expand our footprint in Dubai’s evolving real estate landscape, this project aligns with our commitment to creating future-ready urban environments that seamlessly blend luxury with convenience. With its prime location in Dubai Healthcare City Phase 2, we are poised to set new benchmarks in mixed-use development, offering elevated experiences for both residents and visitors alike.”
The ambitious project is expected to cover a gross floor area (GFA) of approximately 172,000 square meters, thoughtfully integrating a variety of offerings that include branded residences, residential apartments, and retail units. Positioned in the Al Jaddaf community, the development will provide breathtaking views overlooking both the Dubai Creek and the iconic skyline of Dubai Downtown.
Bader Saeed Hareb emphasized the commitment of Global Partners to delivering excellence in real estate development. “As value-add investment managers, we aspire to provide our investors with access to unique projects that promise attractive returns,” he asserted. “It is essential that we ensure an unprecedented level of quality in our developments. Our selection of Mirage as our development partner is a testament to this commitment, and I am confident that they will leverage their extensive experience to deliver an exceptional project within the advanced infrastructure of Dubai Healthcare City’s second phase.”
The planned development arrives at an opportune moment as Dubai continues to enhance its reputation as a premier destination for luxury living and healthcare excellence. This mixed-use project is not merely about constructing buildings; rather, it symbolizes an evolving lifestyle narrative that prioritizes health, wellness, and urban living. As consumer expectations shift towards integrated and amenity-rich environments, projects like this one are poised to redefine the standards of urban development in the region.
The timeline for this development is equally ambitious. Construction is scheduled to commence in the first quarter of 2026, with a projected completion date set for the final quarter of 2029. This timeline reflects the commitment of both Global Partners and Mirage to deliver a meticulous development that meets the expectations of a growing population and a dynamic market.
As Dubai continues to position itself as a global city of innovation and sustainability, such developments contribute not only to the architectural landscape but also to the economic growth of the region. The integration of lifestyle amenities in urban design fosters community engagement and enhances the quality of life for residents.
In conclusion, the collaboration between Global Partners Limited and Mirage Leisure and Development stands as a notable example of how strategic partnerships can lead to the creation of extraordinary real estate projects. As Dubai Healthcare City Phase 2 takes shape, it will undoubtedly attract local and international attention, reinforcing Dubai’s stature as a key player in the global real estate market.
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