The $20 billion Jumeirah Central district development on Shaikh Zayed Road, Dubai’s first climate controlled district, is expected to further stimulate international institutional investment into Dubai, spurring the growth of the emirate’s non-oil economy
The $6.5 billion first phase of the game-changing development, mostly comprising residential projects, will be completed by 2021, Dubai Holding said on Sunday.
Phase One will break ground in 2017, although site clearing and preparation works are underway.
Unveiled by His Highness Shaikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, on Saturday, the mega futuristic project, spread across 47 million sqft of gross floor area, features many innovative urban planning and quality of life concepts that are a first in the region. More info
By Issac John www.khaleejtimes.com