Tender issued for new Meydan scheme
Huge Dubai scheme to contain apartments, villas, offices, hotels, mall
Meydan has put the new Hadaeq Sheikh Mohammed Bin Rashid scheme unveiled at this year's Cityscape out to tender.
The project involves the creation of new apartment buildings, villas, office blocks, a boutique hotel and a shopping mall.
The 190,000m2 scheme will also feature a series of canals and lagoons, as well as French, English and Japanese gardens running throughout the development.
Announcing the launch at Cityscape, Meydan Group CEO Saeed H. Al Tayer said: "Meydan has always sought to play an active role in growing Dubai’s famed urban landscape. Our projects have been designed to position Dubai at the forefront of innovation and progress and we look forward to furthering this vision with these signature developments.”
The firm also re-launched its existing Meydan Tower development and revealed that Indian developer Sobha had agreed to take on a major patch of land next to its Meydan Godolphin Parks project on Al Khail Road to create the new $3bn Meydan Sobha City project featuring villas, high-rises, entertainment units, retail and schools.
A company executive later told Gulf News that the three projects had attracted investment commitments of $4.1bn from investors and other developers.