Eye of Dubai Investments Co (EDIC), a Dubai-based developer, is investing Dh2.1 billion in Al Wasl City, an eight-tower residential and hotel cluster that will be put to tender within months.
According to Gulf News, this is part of the company's total investment of nearly Dh3 billion involving three major projects in Dubai.
To be built on a 600,000 square foot plot of land in the Al Wasl area, the project will have a built-up area of 3.8 million square feet and comprise eight 32-floor towers containing apartments, serviced apartments and a five-star hotel to be operated by a prominent chain.
