Dubai-Dubai intends to lay grounds for the Future cities’ concept by launching the Jumeirah Central project, which is expected to cost Dh73 billion ($20 billion) and to be located on a 47 million square feet area.
Dubai Holding considers that this project, which will adopt new techniques aiming to ease people’s lives, will play a significant role in making these techniques a reality through a miniature city built in one of the most active sites in the emirate near “Burj Al Arab,” one of its most prominent features, while Dubai seeks to simulate future cities in this project.
Mohammed Abdullah Al Gergawi, the chairman of Dubai Holding, said he expects Jumeirah Central to be an architectural and civilized leap into the future; Sheikh Mohammad bin Rashid Al Maktoum has sought in cooperation with other developers, through this and other projects to renew Dubai during the coming decade, so it becomes the most developed, advanced and balanced city.
Gergawi revealed that the cost of the project’s first phase reached Dh25 billion ($6.8 billion) and that it has witnessed an unprecedented cooperation among different entities in Dubai to implement and adopt the schemes and ideas of the project in a standard time.
Morgan Parker, the chief operating officer of the Jumeirah Central project, said that the project has several phases and that the final date to deliver the project is not set yet.
During an interview with Asharq Al-Awsat, Parker added that Jumeirah Project and the ventures it includes depend on applications’ concept; he also pointed that investors will be invited based on the newest techniques in the construction and lifestyle sectors, asserting that Jumeirah Project will support Dubai’s efforts in the tourism sector and will represent an added value not only for Dubai and the United Arab Emirates, but also for the region.
The project’s chief operating officer has pointed that based on this wide knowledge, long discussions with different concerned authorities, and studies that included the experiences in some of the most modern and innovated cities worldwide, it can be said that Dubai Holding has implemented a high-value project, which will lure foreign investment to the region and enhance Dubai’s efforts in attracting more international institutional investments to contribute to the growth of the emirate’s non-oil economy.
Jumeirah Central includes a total of 278 buildings comprising 11,000 residential units; 9.1 million sq ft retail areas; 8 million sq ft office space; along with 7,200 hotel rooms; 40 entertainment destinations; 37 public squares; 25 parking entrances; and 33 parks.
The innovated project has also encouraged the use of public transport given that it includes stations of metro, tram, and buses.
Work on the first phase on Jumeirah Projects is expected to be launched in 2017; it will include 69 ventures, 3,000 residential units divided into 13 buildings, a resort, a mall, a retail market, three tram stations and others.
Saif Al Alili, CEO of Dubai Future Foundation, considered that Jumeirah Central has introduced a sample that features the concept of future cities, which will provide a platform for future global innovations aiming at overcoming international challenges and benefitting from future chances in all aspects of daily life.