Meydan Sobha unveils phase 3 of District One
A joint venture project between Meydan Group and Sobha Group, Meydan Sobha has already sold out all villas in Phase 1 and Phase 2
Meydan Sobha officially launched the third phase of Mohammed Bin Rashid Al Maktoum City – District One, the new community in the heart of Downtown Dubai.
Phase 3 of the “super luxury” project will feature 217 units, comprising four and five bedroom freehold villas built on attractive larger plots, with a range of new floorplans including basement options, as well as an extended payment plan.
A joint venture project between Meydan Group and Sobha Group, Meydan Sobha has already sold out all villas in Phase 1 and Phase 2. Handover for these two is scheduled starting mid-2016. With more than 9,000 workers currently on site, both the phases are scheduled for completion by 2017.
Also to ensure the 2018 handover date is met for Phase 3 of District One, along with the existing 9,000 workers, Meydan Sobha has another 1,000 engaged in infrastructure works.
“This is a hugely exciting project, and we are delighted to launch the newest phase of Mohammed Bin Rashid Al Maktoum City - District One, while reporting great progress on the first two phases,” said Saeed Humaid Al Tayer, chairman of Meydan Group.
“We are proud to be adding to Dubai’s status as one of the most desirable cities in the world in which to live. We are creating a beautiful, luxurious community offering the most central freehold villa properties in the heart of the city’s centre overlooking what will become the world’s largest crystal lagoon.”
Also speaking at the Phase 3 launch, PNC Menon, group chairman and founder of Sobha Group, said: “Construction of both Phase 1 and Phase 2 of the project are progressing well. We expect keen demand for the villas in Phase 3, as we are offering home owners bigger plots, a variety of new floor plans, as well as the option to include a basement."
"Construction will be carried out by MS Construction for Phase 3 as well, we are quite well equipped to do it," added Menon.
To guarantee the highest quality control in all aspects of the construction, a team of 14 master craftsmen were recruited from Germany. They include specialists in construction, mechanical electrical, plumbing services, and infrastructure.
With a total land area of 4.1 million sqm, enclosed by green natural surroundings, District One, Mohammed Bin Rashid Al Maktoum City, presents one of the lowest density villa developments in the heart of the city. The dream homes come in three architectural styles: contemporary, mediterranean or modern arabic.
"Intelligent people make intelligent choices of intelligent investments. We have seen buyers mostly from India, Pakistan, Europe, and Middle East and North Africa (MENA) region," said Al Tayer.