The project will consist of mixed use, freehold and leasehold development with low, medium and high-density areas of business, residential, retail, leisure and recreational components. Jumeira Gardnes is planned for the area north of Sheikh Zayed Road between Diyafa Street and Safa Park. A canal will run through the center of the development from the Business Bay Canal to the sea.
"We will leverage our subsidiaries" expertise in healthcare, education, retail and leisure, says H.E. Abdulla Ahmad Al Habbai, chairman of Meraas Holding, in a statement. The development will integrate sustainability into many aspects of the project, aiming for LEED certification.
[IMGCAP(2)]Phase one of the development will be a series of buildings set to finish completely by 2013. Planned to be one of the tallest buildings in the world, One Dubai will be comprised of three towers that will be connected by bridges containing suspended apartments within them. Individually, the towers will each be a minimum of 600 meters tall--1,968 feet-- designed with glass and aluminum-mesh cladding.
Other buildings scheduled for phase one is the 600,000-square-meter One Park Avenue and the six-tower Park Gate. The six towers will be paired up and linked by vaulted canopies to form a cavernous area below in which foliage will be placed to create varying levels of open-air, shaded atriums. The shade, positioning and foliage in these areas will produce a microclimate approximately 10 degrees centigrade cooler than the regular air temperature, according to a press release. The 30- to 40-story towers will serve as the entryway into Dubai Park.
Phase one of the development is due to deliver in 2013, but the handover of the phase one properties is estimated to be in Q4 of 2011. The other plans for the project and individual costs for these buildings are undisclosed at this time. Meraas Development could not be reached for comment by deadline. The firm is a subsidiary of Meraas Holding, a real estate investment company owned by the government of Dubai.
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