Global Partners Limited signs a landmark LOA with Mirage Leisure and Development for a prestigious mixed-use development in Dubai Healthcare City Phase 2
- The project will span over 172,000 sqm (over 1.85 million sqft) of branded residences, residential apartments, and retail units
- Mirage will lead the development management and delivery of the project, slated for Q4 2029
- The development forms the cornerstone of the $350 million (AED 1.3 billion) Global Partners Property Fund II
Global Partners Limited, a DFSA-regulated alternative investment manager headquartered in Dubai, has signed a Letter of Agreement (LOA) with Mirage Leisure and Development, the highly experienced development management company behind landmark projects in 22 locations worldwide, for the delivery of a prestigious mixed-use lifestyle development in Dubai Healthcare City Phase 2.
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 and Amar Tahilani, CEO of Mirage.
Spanning over a gross floor area (GFA) of 172,000 sqm, the family-oriented development will introduce a dynamic blend of branded residences, residential apartments, and retail units. Situated in the Al Jaddaf community and overlooking the scenic Dubai Creek, and Dubai Downtown, the development is also adjacent to one of the most prominent schools in Dubai, the Swiss Scientific International School. This project is set to redefine contemporary urban living by seamlessly integrating residential, commercial, and lifestyle components.
The project is currently in design and is scheduled to break ground in Q1 2026, with final completion anticipated in Q4 2029.
Amar Tahilani, CEO of Mirage, expressed his enthusiasm for the partnership: “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.”
Bader Saeed Hareb, Managing Partner of Global Partners and Executive Chairman of Global Partners Property Fund II, commented on the occasion: “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.”
With a shared vision for excellence, Mirage and Global Partners are set to deliver a development that not only meets the utmost design standards but also truly activates the vibrancy of one of Dubai’s most strategically located communities.
