Meraas Development, a new developer, has burst on the stage of property in Dubai with the announcement of its first-ever project worth Dh350 amazing and one that involves millions of dollars from the world’s tallest buildings – with varied microclimates and a mini-Manhattan.
Jumeirah Gardens will be fully integrated, mixed-use development project located in the old Satwa area west of Sheikh Zayed Road and flanked by Al Diyafa Street and Safa Park. The project aims to serve a population of 50,000 to 60,000 residents.
The announcement comes amid a global market rout that has broken investor confidence worldwide, but goes to show that Dubai is determined to continue with the vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of UAE and Ruler of Dubai.
The development will redefine living in one of the most popular districts of Dubai, currently undergoing demolition to pave the way for the new project.
The project will comprise seven distinct areas, covering approximately 110 million square feet of land, including islands. One section will host Dubai Park, which is half the size of Safa Park.
The first phase of Jumeirah Gardens will cover about 820,000 square meters. It includes six major blocks of buildings with high, medium and low-office, retail and residential, two hotels and an area of high-end shopping.
Some More Cool Collection Of The Dubai Meraas
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Delivery of the first phase is expected to begin in the fourth quarter of 2011, with completion scheduled for the fourth quarter of 2013.
CEO of Meraas Development, Sina Al Kazim told Gulf News: “Every great city has a large park. London has its Hyde Park, New York has its Central Park. This will be Dubai Park. The park will be surrounded on all sides by residential apartments, duplexes, penthouses, villas and commercial buildings.
Meraas is planning at least eight landmark buildings in Jumeirah Gardens, one of Dubai, one of Park Avenue and Park Gate, which will have six buildings.
The islands are made up of East Bay and the coast, predominantly residential, but also include hotels and resorts.
DUBAI MERAAS – NEW PROJECTS IN DUBAI