Staff Report
Dubai, UAE
Global Partners Limited, a DFSA-regulated alternative investment manager headquartered in Dubai, has signed a Letter of Agreement (LOA) with Mirage Leisure and Development, a development management company with landmark projects in 22 locations worldwide, for the delivery of a mixed-use lifestyle development in Dubai Healthcare City Phase 2. The project is currently in design and is scheduled to break ground in Q1 2026, with final completion anticipated in final quarter of 2029.
The Letter of Agreement was formalised in the presence of Martin Linder, Managing Partner and CEO of Global Partners, Bader Saeed Hareb, Managing Partner of Global Partners and Executive Chairman of Global Partners Property Fund II (GPPFII), which owns the exclusive development as part of its Dh1.3 billion portfolio, and Amar Tahilani, CEO of Mirage.
Amar Tahilani, CEO of Mirage, said, “This collaboration with Global Partners marks a significant milestone for Mirage as we continue to expand our footprint in Dubai’s evolving real estate landscape. This development aligns with our commitment to creating future-ready urban environments that blend luxury and convenience. With its prime location in Dubai Healthcare City Phase 2, this project will set new benchmarks in mixed-use development, offering an elevated experience for residents and visitors alike.”
Spanning over a gross floor area (GFA) of 172,000 square metres, the family-oriented development will introduce a blend of branded residences, residential apartments, and retail units. It is situated in Al Jaddaf community and overlooks the Dubai Creek and Dubai Downtown.
Bader Saeed Hareb, Managing Partner of Global Partners and Executive Chairman of Global Partners Property Fund II, said, “As value-add investment managers offering our investors access to unique projects and opportunities with attractive returns, it is important that we ensure delivering unprecedented quality in our developments. Our appointment of Mirage is a testament to this commitment, and we are confident that they will bring the best of their experience to the delivery of this exceptional development in Dubai Healthcare City’s second phase.”
Ends
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