Mizin, a member of Tatweer, specializing in real estate development, announced the launch of Arjan, a distinctive mixed use project with expected investments of AED 20 billion over the next 3 years.

'Arjan will represent a new dimension in the Dubai property market,' said Saeed Al Muntafiq, CEO, Tatweer. 'With the integration of modern amenities within the development, we are confident of generating increased investor interest that is keen to be a part of an exclusive and dynamic venture.'

Arjan has been launched in response to the growing investor demand for mixed use property developments. The 11 million sq ft project, to be located on Emirates Road opposite Dubai Autodrome in Barsha, will comprise a balanced layout of commercial, residential, retail and hospitality developments in 10 demarcated zones with 157 plots.

Adding to Arjan's distinctive tourist dimension will be the Great Dubai Wheel - a 185m observation wheel with 18 technologically advanced capsules and a seating capacity of 40 persons, providing panoramic views of the city's skyline for durations of 36 minutes per cycle.

Since Mizin's launch in September this year, Arjan is the third project to be announced. Liwan and Majan comprise its other developments.

Liwan will feature a community of 100 residential complexes, six business towers that serve the business needs of the region.

The recently launched 16.5 million sq ft Majan is a modern mixed use development incorporating residential, retail and commercial units to represent downtown Dubai land