Dubai to build 'District One' as part of Mohammed bin Rashid City project
To be completed by 2018
On Tuesday His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, inaugurated 'District One' - part of Mohammed bin Rashid City.
Sheikh Mohammed unveiled a plaque consisting of urban, mixed-use, leisure and sports development which is going to span more than 54 million square feet, with 'District One' alone stretching across four million sq ft.
The mega model of the development which was viewed by Sheikh Mohammed at the sale centre was briefed by Saeed Humaid Al Tayer, Meydan Group Chairman and CEO, owner and developer of the project said there will be, "600 hectares of open and green space, waterways, woodlands, a water park and a 7km crystal lagoon."
'District One' will also have 14km man-made beaches alongside retail zones, leisure and sports attractions. The development will be surrounded by 1,500 luxury villas - to be delivered in four phases before Dubai Expo 2020, with Al Tayer calling it the "green heart" of Dubai.
The first phase of the project will be developed by 50/50 joint-venture of Dubai's Meydan and Sobha Group.
MBR City will also include the world's biggest shopping mall, more than 100 hotels, a Universal Studios franchise and a public park larger than Hyde Park in London.
The inauguration ceremony was also attended by Sheikh Ahmed bin Saeed Al Maktoum, chairman of Dubai Civil Aviation Authority and chairman of Emirates Group, and a number of senior officials, heads of government departments in Dubai, and the supervising team of the project.
Mohammed bin Rashid City is scheduled for completion in 2018-19