JEDDAH – Meydan City Corporation has brought two of its major real estate developments to life in an interactive exhibition stand at Cityscape Global, the region's premier property showcase event. The star attraction on the 792 sqm stand is Meydan One, recently launched by Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, at a VIP event. A 3,671,000 sqm leisure, residential and hospitality destination, it is set to become Dubai's No. 1 destination when the first phase opens in 2020. Meydan One will become home to more than 78,000 residents and feature the 711m tall Dubai One Tower, Meydan One Mall, a Civic Plaza with dancing water features, a 4km canal and 100 berth marina. Set to break at least seven world records, Meydan One has already earned high levels of international interest and the large-scale model of the development is drawing thousands of visitors and potential investors to the Meydan stand at Cityscape Global. Progress on the Dubai Water Canal development, a joint venture project with the Roads and Transport Authority, Meydan City Corporation and Meraas, is also being highlighted at the three-day real estate exhibition that concludes today (Sept. 10) at Dubai World Trade Centre. The Canal, which runs 2.9km connecting Business Bay to the Arabian Gulf, will include the development of the Crystal Lagoons in Safa Park as well as 8.1 km of waterfront. With 8.2 million square feet of open space, the Dubai Water Canal project will feature a 5.7 km boardwalk, 1.1 km natural beach and pedestrian connectivity between Safa Park and Jumeirah Beach Park. The Crystal Lagoon Towers, situated between Sheikh Zayed Road and Safa Park, play an integral role in the creation of the Dubai Water Canal project. The two prestigious residential towers, both more than 35 floors high, will feature townhouses with private gardens facing Safa Park on the ground floor, and a mix of one, two and three-bedroom apartments, two-storey Sky Villas and three-storey Penthouses. Shared amenities in each tower will include an infinity swimming pool, gym, event space, day care and children's play area. Management from Meydan are also providing an update on Horizon, a 180 hectare development located south of the Ras Al Khor Sanctuary. With a gross floor area of 3,660,000 sqm, Horizon is a world class mixed-use district which will accommodate more than 72,000 residents. Adopting a street and block urban planning pattern, the development will enable human contact and interaction, business and trade, residence and community living. The northern half of Horizon will feature a cluster of high rise towers running in parallel to a canal and boardwalk, offering a range of al fresco dining and shopping options, while the southern side will see mid-rise buildings created around a central park and boulevard. A generous provision of schools and other community facilities will deliver high ‘live-ability' value, a critical component in making a city competitive in the global market place. Meydan Chairman Saeed Humaid Al Tayer said "this is a significant year for the Meydan City Corporation and one which I believe will be a landmark phase for us. The response to the launch of Meydan One has been inspiring, making our presence at Cityscape Global even more important as we continue to communicate the sheer scale of the development to investors and the wider real estate market.” “Furthermore, projects such as Dubai Water Canal and Horizon show the capabilities that Meydan has in conceptualizing and delivering a range of quality, mixed-use communities which help to turn the ambitions of Dubai into a reality.” Meydan's vision began with the completion of the Grandstand in 2010 and was underlined by the Group's role in the development of Mohammed Bin Rashid Al Maktoum City, specifically District One, a collection of premium villas within the heart of new Dubai. The construction of Meydan One will complete the company's commitment to helping create the future of Dubai through the development of attractive, family oriented residential and lifestyle projects. — SG
