In accordance with masterplan guidelines, the pioneering development will see land earmarked for construction of extensive low-cost housing selling cheaper than designated commercial space.
While the focus up to now has been on Dubai World Central International Airport, to be the world's largest, and Dubai Logistics City, which will be at the core of creating a logistics hub for the wider region, Residential City will roll out its unique offering later this year.
"In Residential City we will be offering a minimum of 25 hectares in Phase 1 for developers and investors to build on and have 100% ownership of their own land," said Khalid Bin Harib, Real Estate Director, DWC.
"This is a strategic step for the Dubai real estate industry and will help meet the pent-up demand for low-cost housing in the emirate, as well as providing homes for the DWC workforce.
"The low-cost housing amounts to 14% of Residential City's total area, or 245,000 square metres of land area. Low-cost projects will be limited to seven storeys and we project this will equate to a built-up area of 1,023,000 square metres, or low-cost accommodation for 36,000 people - all in line with Dubai Municipality regulatory standards," he continued.
"Commercial plots will have a height restriction of four storeys and we anticipate huge interest as investors compete to establish civic amenities such as shopping complexes, schools, hospitals and recreational facilities which will ensure the Residential City community thrives," Bin Harib added.
Over 250 freehold land plots will be sold on the open market when Phase 1 launches with the opportunity available for investors to purchase zones that must consist of a minimum of 40 plots.
"We have established a credible timetable to ensure infrastructure construction will be completed on sold land before the owner is allowed to commence specific building construction - we want to avoid making mistakes others have made by rushing the infrastructure so developers can move in quicker," he said.
"Hence, we have a regimental structure in place that will see infrastructure construction begin immediately after the land is sold in October. Buyers will be handed their plots in January 2007 and will be allowed to begin construction of dwellings, where the infrastructure is complete, in June of the same year. Phase 1 infrastructure completion will be achieved by March 2008," commented Bin Harib.
In addition, Bin Harib announced that a dedicated Labour Village, similar to the facility unveiled at Dubai Logistics City, 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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DWC to get low-cost housing development
- United Arab Emirates: Saturday, July 22 - 2006 at 09:40
- PRESS RELEASE
Dubai World Central (DWC) Residential City, the 7.16 million square metre component which will eventually house 250,000 people in the massive aviation community being built in Jebel Ali, will offer prime, low-cost, free-hold real estate plots to developers and investors when Phase 1 commences in October this year.
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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, President of the Dubai Department of Civil Aviation, Government of Dubai and Chairman of the Emirates Group.
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 Gladson Ronad at MCS/Action, PO Box 20970, Dubai, United Arab Emirates.
Tel: +9714 390 2960;
Fax: +9714 390 8161
Posted by Lara Lynn Golden, News EditorSaturday, July 22 - 2006 at 09:40 UAE local time (GMT+4)
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of AME Info FZ LLC / Emap Limited.
This article was updated on Sun Nov 26 2006.
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