Emirati developer Emaar Properties has announced plans for an AED25bn (US$6.8bn, €6bn, £5.2bn) waterfront leisure district in Dubai.

Called "Mina Rashid", the government-backed scheme will see the creation of numerous luxury facilities and properties, including art galleries, villas, a museum, a floating yacht club, a theatre, and the city's largest swimming pool.

Sirdhana, the development's on-site residential complex, will comprise an as-yet-undisclosed number of one- to three-bedroom condos, plus a gym, spa amenities, and sports courts.

Dubai-based firm Whitespace Architects are in charge of the master plan.

Mina Rashid will also play host to a 12,600 sq m (roughly the size of two football fields) beach, a marina, and a mall.

The project was purportedly conceived to further the globalisation mandate of Dubai's monarch, Mohammed bin Rashid Al Maktoum.

"With Mina Rashid," commented Mohamed Alabbar, chairman of Emaar, "we are creating a future-ready city that honours the legacy of the Al Maktoum family and salutes the far-sighted vision of Dubai's rulers."