Mohammed Bin Rashid City - District One announced
Dubai, UAE, May 1, 2013 - Meydan Group today announced the creation of a joint venture with Sobha Group to develop 4 million square metres (more than 1,000 acres) of prime freehold land into an exclusive destination of key leisure and retail attraction points surrounded by spacious residential communities, within Mohammed Bin Rashid City.
Located alongside Al Khail Road, adjacent to the prestigious Meydan Racecourse and less than three kilometres from Dubai’s key financial, leisure and shopping districts, the community named ‘Mohammed Bin Rashid City - District One’ will be the closest residential villa and green space development to the famous Burj Khalifa.
Meydan Sobha FZ LLC is an equally-split joint venture, which includes the development of city parkland, waterways, woodlands and open spaces covering a spectacular 2.4 million square metres (600 acres) of Mohammed Bin Rashid City - District One.
Attraction points feature a 350,000 square metres water park, the largest crystal lagoon body of water in the world with 7km of stunning lagoons and man-made beaches, alongside retail zones, leisure and sports attractions. This unique “green heart” for Dubai will be surrounded by 1,500 premium luxury villas – to be delivered in four phases – creating without question one of the lowest-density residential environments in any major international city.
“Meydan Group is delighted to announce this major development jointly with Sobha Group, as we take the first step in delivering His Highness’ vision for Mohammed Bin Rashid City. This flagship development fits in perfect synergy with Meydan’s master plan to create an integrated cityscape of upscale residential communities, with all the attraction points and standards of excellence associated with a Meydan development,” said H.E. Saeed Humaid Al Tayer, Meydan's Chairman and CEO. “Our partner Sobha Group’s reputation for quality projects, delivered to exacting standards and on time, ideally fit the brief for this prominent freehold residential initiative within Mohammed Bin Rashid City. The customer choice and exclusivity afforded by the Mohammed Bin Rashid City - District One community, complemented by its lavish communal green parkland and unrivalled proximity to Dubai’s most vital districts, make the joint venture between Meydan Group and Sobha Group a tremendously beneficial one for discerning homeowners.”
“For more than three decades, Sobha Group has been developing and constructing lifestyle destinations and our partnership with Meydan enables us to deliver that expertise, choice and quality to an entirely new community,” said Mr. PNC Menon. “Together, Sobha and Meydan aim to develop Mohammed Bin Rashid City - District One, into one of the world’s prime residential locations, delivering a new, vibrant ‘green’ heart for this city.”
The joint venture has already commenced construction of the sales centre for the new community, anchoring a show village which underscores the tremendous choice of homes on offer. Three distinct villa identities – Traditional Arabic, Mediterranean and Contemporary – and at least 45 different floor plans ranging from four to eight bedrooms, set against a backdrop of fields, valleys and woodlands, provide a unique opportunity for home owners to be part of one of the region’s most bespoke and sought after freehold developments.
Meydan Sobha will also differentiate its new community through a 35 hectare network of crystal lagoons and water features, complementing its master plan of more than 65% open and green space among its homes and amenities. This ratio makes it one of the lowest density developments in the world and a truly unique proposition on the Dubai property market. Premium retail components will add to the area’s convenience for residents in addition to sporting, equestrian and entertainment offerings in close proximity.
Homeowners interested in learning more about Meydan Sobha’s freehold options within Mohammed Bin Rashid City - District One, can register their interest online now at www.meydansobha.com or call Freephone 800 111 111 for more details.
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