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Thursday, November 12 - 2009

Dubai World Central launches Residential City land sales

  • United Arab Emirates: Thursday, November 30 - 2006 at 12:44
  • PRESS RELEASE

Registration of expressions of purchase interest for land in Phase 1 of the 7.16 million square metre Residential City at Dubai World Central (DWC) - the massive 140 square kilometre urban aviation community under construction in Jebel Ali - will begin at next week's Cityscape Dubai 2006 development forum in Dubai.

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  • The Dubai World Central stand at Cityscape.
    The Dubai World Central stand at Cityscape.
"The Dubai World Central project is in line with the vision of HH Sheikh Mohammed Bin Rashid Al Maktoum, the UAE's Vice President and Prime Minister and Ruler of Dubai - a vision decreeing that if we are to make history, we must approach the future with steady steps and not wait for it to come to us. Residential City is such a step," said HH Sheikh Ahmed Bin Saeed Al Maktoum, Chairman, Dubai Aviation Corporation-Dubai World Central, Government of Dubai.

Cityscape Dubai 2006 will showcase some 160 hectares of land available in Phase 1 of Residential City - which will eventually house 250,000 people. Actual land sales are scheduled for March 2007.

"We have almost 800 hectares of land set aside for development in Residential City," said Khalid bin Harib, CEO, Real Estate, Dubai World Central.

"By effectively splitting Residential City into three sections, we have been able to establish a scale, or range, of prices for plots which can be sold to investors wishing to focus on a particular aspect of development, be it commercial, residential or civic.

"In March 2007, investors will be able to purchase land plots where they can then develop freehold projects in accordance with strict master plan guidelines and Dubai Municipality stipulations.

"Cityscape allows us to register interest so we can heavily scrutinise investors to select projects that uphold the stringent criteria we have in place to ensure our 'city-within-a-city' is built in the manner we have envisioned."


In addition, Bin Harib announced that a dedicated Staff Village will be built to accommodate Residential City's blue-collar workforce.

The Dubai Metro will serve Residential City, as will a dedicated road network, and certain plots have been reserved to accommodate the light rail system - the first in the UAE.
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Notes and media contacts

About Dubai World Central:

Dubai World Central (DWC) is a 140 square kilometre urban aviation community centred around the world's largest international airport. Currently being built 40 kilometres from the existing Dubai International Airport the project is almost twice the size of Hong Kong Island.

DWC creates a new benchmark in urban planning and destination living designed to support Dubai's aviation, tourism, commercial and logistics requirements until 2050 and represents one of the most important developments in the history of the United Arab Emirates.

Eventually home to 750,000 people, DWC will be true 'city-within-a-city' with all the amenities that make up a world-class residential destination.

DWC, with infrastructure costs estimated at US $33 billion, comprises six specialized clustered zones: Dubai World Central International Airport (JXB), Dubai Logistics City (DLC), which also includes a dedicated aviation area, Commercial City, Residential City, Enterprise Park and a 36-hole golf resort.

DWC is backed by the Government of Dubai and is chaired by His Highness Sheikh Ahmed bin Saeed Al Maktoum, Chairman, Dubai Aviation Corporation- Dubai World Central, Government of Dubai.

About Dubai World Central components:

JXB, when completed, will be the world's biggest passenger and cargo hub, with a capacity of 120 million passengers and more than 12 million tonnes of cargo annually. The airport will have six parallel runways and as many concourses with a 92 metre high control tower that will be an aviation landmark in the Middle East.

DLC will be part of the world's first truly integrated multi-modal logistics platform in a single-bonded free zone environment made up of DLC, JXB, Enterprise Park and Jebel Ali Port. It is designed as the region's unchallenged logistics hub catering to some two billion people throughout the Middle East, Indian Sub-continent, Africa and the CIS, all within three-to-four hours flying time from Dubai.

Commercial City will be DWC's business and finance hub featuring more than 850 towers, ranging from 6-75 storeys in height. The city, expected to employ 130,000 people, will also boast 25 hotels ranging from deluxe, through to five-star, four-star and three-star properties.
Residential City will include a mix of two-storey villas and luxury apartment blocks ranging up to 24 storeys in height. Up to 250,000 people are expected to live in this 'city'.

The Golf Resort will feature two 18-hole golf courses, extensive practice facilities, driving ranges, putting greens, a luxury clubhouse with restaurants and a pro-shop. Up to 2,500 freehold homes will surround the courses. The resort will also feature a high-end boutique hotel.

Enterprise Park will be the region's premier centre of excellence for technology manufacturing and science and technology education.

For more information please contact:

Euan Megson
MCS/Action, PO Box 20970, Dubai, United Arab Emirates.
Tel: +9714 390 2960;
Fax: +9714 390 8161.

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